RSK launches a Bitcoin-Ethereuem interoperability bridge

BTC smart contract platform will provide an interoperability gateway between the two biggest blockchains

The so-called trilemma of Cryptos — privacy, scalability & interoperability has been often identified as the main issues plaguing them and essential to their viability in the long-term and crucial for the prospects of mainstream adoption. The ability of individual blockchains to interact with each other is still limited at best since individual blockchains employ varying protocols, algorithms & security procedures to conduct transactions.

Having said that, there are individual interoperability solutions being currently worked on in the Cryptoverse to address this shortcoming. This is being done by employing something known as the Atomic swaps — which is basically a smart contract enabled technology that gives you the ability to exchange digital assets on-chain or off-chain seamlessly & securely without the involvement of a third-party like the centralized exchanges.

Talking about the two biggest & most important blockchain networks in Cryptoverse, namely Bitcoin (BTC) and Ethereum (ETH), there is very limited interoperability between the two. Considering BTC is the pioneer digital coin, considered a store of value & commanding…