Cross-Chain Protocol

ambr.global (50)in #ambr • 6 years ago

Since 17 years ago, with a large number of blockchain projects being developed and promoted, more and more people and funds have been invested in these projects.

The number of blockchain projects of various sizes and types is now numerous, but along this development path, a series of problems have also emerged. For example, the number of blockchain projects is growing, but communication in between is nonexistent. As a result, each of the blockchains is a separate "island of information", which greatly limits the application space of the blockchain. Therefore, effective cross-chain technology is needed to solve these problems.

Cross-chain technology can save a large number of blockchain projects from being blind, and build a bridge to allow communication with each other. Cross-chain technology is a way to expand the blockchain, which largely determines the upper limit of the development of blockchain projects. The cross-chain technology used by Ambr is designed based on security, efficiency, and difficulty of implementation.

Early cross-chain technology focused more on asset transfer, represented by Ripple and BTC Relay; existing cross-chain technology focuses more on cross-chain infrastructure, represented by Polkadot and Cosmos. The newly emerging FUSION has realized multicurrency smart contracts, and can produce multiple cross-linked financial transactions
in the market.

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