Interoperability Between Blockchains - Part II
As I mentioned in my previous publication, with the rapid growth in the creation of new blockchain platforms in the world, the need to achieve interconnection between them is imminent.
Before the creation of TCP IP, the existence of hundreds of internet protocols independent of each other, was causing a chaos in data traffic, where the exchange or transfer of data between platforms with different protocols was a simple utopia.
Remember when you couldn't send a Hotmail email to Yahoo? This was solved with the unification of protocols.
There are currently hundreds of blockchains and every day the need for interconnection increases.
Broadly speaking we can talk about three types of blockchains:
Permissionless Blockchains
It is these that maintain the essence of the original blockchain created by Nakamoto, where permission is not required to be part of this network and contribute to its operation. In theory, anyone and anything can be part of this type of platform. You could interpret "permissionless" as an elegant way of saying "public."
Permissioned Blockchains
Also called "private". Blockchains were originally conceived as open, free and public systems, but a permissioned blockchain is precisely the opposite, since they require permission to join it. In this way the owner of a permissioned blockchain has the ability to dictate who can and who cannot be part of their network. This control also means that the blockchain owner can: dictate the structure of the network, issue software updates and, in general, control everything that happens in its blockchain.
Third Generation Blockchains
They are an excellent option for developing decentralized applications, as well as an investment gateway to the crypto ecosystem due to its high scalability and underlying technology far superior to its predecessors.
Many are built in different layers, which allows greater flexibility of maintenance and updating through soft forks, which avoids the hard forks that bitcoin and other blockchains have suffered.
What are mApps?
Perhaps many of us are familiar with the term dApps. A dApp is a single-book distributed application that can unlock new business models and use cases. For example, several dApps have been developed on the Steem Blockchain (Steemit is one of them).
But the new concept of the Decentralized Web or Web 3.0, how we know it technically, will go through the development of a wide spectrum of decentralized applications, and only those that manage to scale and adopt a high demand market in the correct way, will be the ones that finally They will dominate. For this it is necessary that these distributed applications (dApps) manage to run and interact between different blockchains (mApps).
All these factors that I mentioned above need to be interconnected.
Permissioned Blockchains
Permissioned Blockchains
Third Generation Blockchains
Non-blockchain networks. Business systems that operate within private non-blockchain networks would also be incorporated.
By achieving the interoperability of all these platforms, the "Network of Networks for a Hyperconnected World" would be created.
All this must be coordinated by a platform and a unique technology specially designed for this purpose, an "Operating System" would allow the exchange of digital assets between different blockchains.
The use cases would be infinite
- Currently, traditional banking is turning its technology towards the development of blockchain platforms. Interoperability in this case is a preponderant factor, since as we know, interbank financial operations are a day-to-day situation.
- Developers could enhance the applicability of their products by creating mApps that seamlessly execute the same business logic on different networks and blockchain protocols.
- The internet of things would be enhanced. Manufacturing companies would not have to adopt a single platform to interconnect their products.
- Costs would be reduced for both companies and developers, since they would not be limited to a single blockchain. By accessing multiple blockchains this would allow you to improve your system with future technologies without having to pay excessive costs to install multiple blockchains, in this way they can, for example, combine the transaction speed of Ripple with the scalability of Ethereum.
My next post will be the last of this interoperability series between Blockchains. Then I will reveal the name of the project that has caught my attention and that involves all these benefits and advantages for the future of the internet.
@juanmolina
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Dear @juanmolina
Solid continuation of your previous publication. I only would recommend edit your post and make "As I mentioned in my previous publication" as an link to your previous post. Otherwise those who want to read it (as I wanted) must go through your blog and look for something which look familiar. (most people will simply not bother).
My question: is STEEM one of Permissionless or Permissioned Blockchains? (I presume that first one)
Again, solid read. Not easy one. But surely worth the time.
Cheers, Piotr
Hello dear friend @crypto.piotr.
I thank you for that constructive comment, I will take your recommendations into consideration.
It is a Permissionless Blockchain, all its coding and data is public access.
All best, Piotr.
It is a good continuation of the previous post, but it keeps me in the expectation, hahaha good, it is a delivery in parts and keeps well the curiosity to know the final answer about what is the proposal for the unification that would make possible the interconnectivity of blockchains .
There are several proposals currently, but I consider that the project I selected is at the forefront since they have the first and only blockchain operating system.
In my next installment I will end this series and reveal the project name.
Thanks for read and comment.
Hi @juanmolina
I congratulate you solid reading and as our friend Piotr comments, however we will continue in the wait I definitely think that the interconnection is a good incognita, I have seen there a project and your approaches are very chordes.
Greetings mi pana
Greetings appreciated @lanzjoseg.
Thank you for reading.
In the next few hours I will be giving the full details of this project that has captivated me.
Your friend, Juan.