Blockchain and Internet of Things (IoT)
The Internet of Things (IoT) refers to the network of physical devices embedded with sensors, software, and other technologies that connect and exchange data over the internet. These devices, which….
Tag: blockchain interoperability
Blockchain interoperability standards (Polkadot, Cosmos)
The blockchain ecosystem began as isolated networks, each with its own consensus rules, tokens, and communities. As the number of blockchains grew, so did the need for them to communicate….
Blockchain bridges (Wormhole, Polygon Bridge)
As the blockchain ecosystem has expanded, numerous blockchain networks like Ethereum, Solana, Binance Smart Chain (BSC), and Polygon have emerged, each with unique architectures, consensus mechanisms, and native assets. However,….
Layer-0 protocols
Layer-0 protocols are an emerging concept in the world of blockchain technology. While traditional blockchain models, such as Layer-1 (e.g., Bitcoin, Ethereum) and Layer-2 (e.g., Rollups, State Channels), focus on….
Plasma chains in Ethereum
Plasma is a scaling solution for the Ethereum blockchain proposed by Vitalik Buterin and Joseph Poon in 2017. Plasma aims to enhance Ethereum’s scalability by creating a framework for child….
Wrapped tokens (e.g., WBTC)
What Are Wrapped Tokens? Wrapped tokens are tokenized versions of cryptocurrencies that exist on one blockchain but are represented and used on another. For example, Wrapped Bitcoin (WBTC) is an….
Stellar Blockchain platform overview
Stellar is an open-source, decentralized blockchain platform designed specifically for fast, low-cost cross-border payments and asset transfers. Founded in 2014 by Jed McCaleb (co-founder of Ripple) and Joyce Kim, Stellar….
Cosmos Blockchain and Inter-Blockchain Communication (IBC)
Cosmos is a decentralized network of independent, scalable, and interoperable blockchains. It was designed to solve some of the most pressing issues in the blockchain space: lack of scalability, poor….
Blockchain interoperability challenges
As blockchain technology continues to evolve, the ecosystem has become fragmented with numerous platforms like Bitcoin, Ethereum, Hyperledger Fabric, Polkadot, Cosmos, and many others. Each blockchain network typically operates independently….
Challenges for businesses adopting Blockchain
Blockchain technology offers a wide range of advantages for businesses, including increased transparency, enhanced security, improved traceability, and reduced costs through automation. Despite these benefits, many organizations are still hesitant….