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Blockchain protocols require evolution. The first generation of blockchain, such as Bitcoin, was introduced to improve financial systems through a decentralised monetary platform that enabled peer-to-peer transactions. Meanwhile, second-generation blockchain projects enabled developers to create and launch decentralised applications. Both generation projects, however, have some limitations, including scalability and interoperability.

AION is a third-generation blockchain network developed by Nuco, a Canadian enterprise blockchain firm, that provides a trustless mechanism for cross-chain in

Every new blockchain seeks to address the shortcomings of existing blockchains, which continue to exist in the web3 ecosystem as siloed, isolated networks with limited communication capabilities. Wanchain is yet another blockchain that uses cross-chain technology. This protocol believes that the future is connected, and the network's goal is to connect all of these isolated networks. Given that Web3's goal is to enable seamless peer-to-peer interactions in a networked society. Wanchain believes that only a truly decentralised and interoperable ecosystem, a wide area network of blockchains, ca

NEM, a blockchain platform that was launched in March 2015, is one of the industry's pioneers that aims to improve the shortcomings of other chains. It was one of the first non-Turing full chains to support user-defined tokens (mosaics), namespaces, multi-signature accounts, and a peer-to-peer reputation system based on a custom EigenTrust++ algorithm. The NEM client, NIS, is written in Java.

Overview

Bitcoin Cash (BCH), which debuted in August 2017, is a peer-to-peer electronic cash fork of the original Bitcoin network. It is faster, cheaper, and more reliable because it is an upgraded version of the Bitcoin core software. Bitcoin Cash's block size is 8 MB, as opposed to Bitcoin's 1 Mb block limit, and the network now supports blocks up to 32 Mb. Bitcoin Cash can be stored in wallets such as 'Edge,' 'Bitpay,' and 'Coinbase,' among others.

Important Characteristics

Transactions can be confirmed within minutes.

Reliable - The Bitcoin Cash network has low congestion.

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While network scalability is a primary focus in the blockchain space, interoperability is also an important consideration. Blockchain protocols with different consensus mechanisms must be able to interact with one another. Otherwise, they are likely to remain in silos, affecting the overall efficiency of distributed networks. Before that, the blockchain networks must be converted into interoperable chains.

Many blockchains, such as Polkadot, have already worked on this to initiate cross-chain communication and exchanges. Cosmos is another well-known network known for its interoperability a

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Corda is an open-source blockchain project that allows us to design and develop in an open development environment. Corda can reduce record-keeping costs while streamlining business operations by leveraging blockchain technology and smart contracts. We can assist businesses in developing an interoperable blockchain network or application that transacts directly.

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