The foundation in charge of Internet computer blockchain has released an ecosystem report for 2024.
According to the media, it was emphasized that blockchain interoperability technology will grow.
- According to the report, the activity of Protocol C, a function that directly connects smart contracts with several blockchain networks such as Bitcoin, has surged.
- Protocol, a variety of Bitcoin applications, and others are using ICP to deploy smart contracts and other complex programs to Bitcoin networks.
It is also said to enable ICP to interact directly with the Bitcoin network without using a trusted bridge, enabling smart contracts for Bitcoin.
Cross-chain, or interoperability solutions, is an innovative platform or protocol designed to appear in the blockchain space and solve interoperability problems.
- Interoperability is the ability of different blockchain networks to communicate, exchange data, and operate smoothly together. Without interoperability, blockchains exist in isolation with their respective rules and standards, limiting the ability to interact with each other.
- Cross-chains act as connective organizations between these isolated blockchain ecosystems, which allow various blockchains to overcome obstacles to isolation by facilitating smooth communication and interaction.
🔴 Webpage
🟠 Medium
🟡 Telegram
