Terry  Tremblay

Terry Tremblay

1595864035

What Is True Blockchain Interoperability?

If you are in the crypto world, then the word “blockchain interoperability” may familiar to you because there are so many projects are gaining publicity and funds from investors by using this term, and many projects like Chainlink, Cosmos, Polkadot, and Wanchain are claiming to give true blockchain interoperability. So in this article, we will discuss about these projects and try to understand what kind of blockchain interoperability they are giving and what benefits we can get because of blockchain interoperability?

Before start, this article I want to tell you the meaning of blockchain interoperability in brief: Blockchain interoperability enables two blockchains to communicate with each other and to do cross-chain transactions without depending on a third party {Reference}.

So let’s discuss about some existing projects which are claiming to give blockchain interoperability and in the end I will give my own view and try to find out which project is best to give interoperability.

Interoperability by Chainlink:

80% smart contract needs real-life data that created with a centralized system and a centralized system can’t directly get connected to a decentralized system, it needs a plugin and Chainlink is creating that plugin which can help to link an external API to a blockchain with smart contract. So you can say Chainlink help to implement a smart contract based payment/data transfer between a centralized system and blockchain with no change in its moral of the centralized system.

Here, the interoperability happens between external API(application program interface) with blockchain but using Chainlink two blockchain can’t communicate for example Bitcoin blockchain can’t communicate with Ethereum blockchain using Chainlink {Reference}, Chainlink can help to establish communication between external API with multiple blockchains but for now, it only supports Ethereum blockchain {Reference}, the point of concern about Chainlink that Chainlink created on the Ethereum blockchain so the user can face a problem in scalability {Reference-1} {Reference-2}.

Interoperability by Cosmos:

Cosmos is PoS (Proof of Stake) blockchain, which created to solve scalability and interoperability problems. Cosmos can help you create independent blockchains called “Zones” and each zone can communicate to the hub and each other using IBC (Inter-blockchain Communication Protocol Architecture) and Cosmos can communicate to other blockchains like Ethereum and zcash by using “Peg Zones”.

With the interoperability feature of Cosmos, it wants to power up the financial transactions between two blockchains for example when you want to send ATOM (the coin of cosmos blockchain) to Ethereum blockchain then it will lock up your ATOM coins and create the same amount of ERC20 tokens which can transmit through Ethereum blockchain and all these process completed through IBC and Cosmos Peg.

#interoperability #blockchain-interoprability #polkadot #cosmos #chainlink #blockchain #blockchain-application #true-blockchain

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What Is True Blockchain Interoperability?
Terry  Tremblay

Terry Tremblay

1595864035

What Is True Blockchain Interoperability?

If you are in the crypto world, then the word “blockchain interoperability” may familiar to you because there are so many projects are gaining publicity and funds from investors by using this term, and many projects like Chainlink, Cosmos, Polkadot, and Wanchain are claiming to give true blockchain interoperability. So in this article, we will discuss about these projects and try to understand what kind of blockchain interoperability they are giving and what benefits we can get because of blockchain interoperability?

Before start, this article I want to tell you the meaning of blockchain interoperability in brief: Blockchain interoperability enables two blockchains to communicate with each other and to do cross-chain transactions without depending on a third party {Reference}.

So let’s discuss about some existing projects which are claiming to give blockchain interoperability and in the end I will give my own view and try to find out which project is best to give interoperability.

Interoperability by Chainlink:

80% smart contract needs real-life data that created with a centralized system and a centralized system can’t directly get connected to a decentralized system, it needs a plugin and Chainlink is creating that plugin which can help to link an external API to a blockchain with smart contract. So you can say Chainlink help to implement a smart contract based payment/data transfer between a centralized system and blockchain with no change in its moral of the centralized system.

Here, the interoperability happens between external API(application program interface) with blockchain but using Chainlink two blockchain can’t communicate for example Bitcoin blockchain can’t communicate with Ethereum blockchain using Chainlink {Reference}, Chainlink can help to establish communication between external API with multiple blockchains but for now, it only supports Ethereum blockchain {Reference}, the point of concern about Chainlink that Chainlink created on the Ethereum blockchain so the user can face a problem in scalability {Reference-1} {Reference-2}.

Interoperability by Cosmos:

Cosmos is PoS (Proof of Stake) blockchain, which created to solve scalability and interoperability problems. Cosmos can help you create independent blockchains called “Zones” and each zone can communicate to the hub and each other using IBC (Inter-blockchain Communication Protocol Architecture) and Cosmos can communicate to other blockchains like Ethereum and zcash by using “Peg Zones”.

With the interoperability feature of Cosmos, it wants to power up the financial transactions between two blockchains for example when you want to send ATOM (the coin of cosmos blockchain) to Ethereum blockchain then it will lock up your ATOM coins and create the same amount of ERC20 tokens which can transmit through Ethereum blockchain and all these process completed through IBC and Cosmos Peg.

#interoperability #blockchain-interoprability #polkadot #cosmos #chainlink #blockchain #blockchain-application #true-blockchain

Devin Pinto

1606217442

Blockchain Certification | Blockchain Training Course | Blockchain Council

In all the market sectors, Blockchain technology has contributed to the redesign. The improvements that were once impossible have been pushed forward. Blockchain is one of the leading innovations with the ability to influence the various sectors of the industry. It also has the ability to be one of the career-influencing innovations at the same time. We have seen an increasing inclination towards the certification of the Blockchain in recent years, and there are obvious reasons behind it. Blockchain has everything to offer, from good packages to its universal application and futuristic development. Let’s address the reasons why one should go for Blockchain certification.

5 advantages of certification by Blockchain:

1. Lucrative packages- Everyone who completes their education or upskills themselves wants to end up with a good bundle, not only is one assured of a good learning experience with Blockchain, but the packages are drool-worthy at the same time. A Blockchain developer’s average salary varies between $150,000 and $175,000 per annum. Comparatively, a software developer gets a $137,000 per year salary. For a Blockchain developer, the San Francisco Bay area provides the highest bundle, amounting to $162,288 per annum. There’s no point arguing that learning about Blockchain is a smart decision with such lucrative packages.

2. Growing industry- When you select any qualification course, it becomes important that you choose a growing segment or industry that promises potential in the future. You should anticipate all of these with Blockchain. The size of the blockchain market is expected to rise from USD 3.0 billion in 2020 to USD 39.7 billion by 2025. This will see an incredible 67.3 percent CAGR between 2020-2025. To help business processes, several businesses are outsourcing Blockchain technologies. This clearly demonstrates that there will be higher demand in the future for Blockchain developers and certified Blockchain professionals.

3. Universal application- One of the major reasons for the success of Blockchain is that it has a global application. It is not sector-specific. Blockchain usage cases are discovered by almost all market segments. In addition, other innovations such as AI, big data, data science and much more are also supported by Blockchain. It becomes easier to get into a suitable industry once you know about Blockchain.

**4. Work protection-**Surely you would like to invest in an ability that ensures job security. You had the same chance for Blockchain. Since this is the technology of the future, understanding that Blockchain can keep up with futuristic developments will help in a successful and safe job.

**5.**After a certain point of your professional life, you are expected to learn about new abilities that can help enhance your skills. Upskilling is paramount. Upskilling oneself has become the need for the hour, and choosing a path that holds a lot of potential for the future is the best way to do this. For all computer geeks and others who want to gain awareness of emerging technology, Blockchain is a good option.

Concluding thoughts- opting for Blockchain certification is a successful career move with all these advantages. You will be able to find yourself in a safe and secured work profile once you have all the knowledge and information. Link for Blockchain certification programme with the Blockchain Council.

#blockchain certificate #blockchain training #blockchain certification #blockchain developers #blockchain #blockchain council

5 Blockchain Applications That Have Transformed the World of Technology

The blockchain is the decentralized database of the blocks of information, which gets recorded in the chain format and linked in a secured crypto graphical manner. This technology ensures proper safety of the data due to its secure nature, and it totally changes how people carry out transactions. It also brings about a faster and secure process of validating information needed to establish reliability.

Though blockchain technology came into the market to carry out only digital transactions, it is now used in various industries like supply chain, finance, health care, and many more.

The blockchain technology has made its position in mobile app development as well. Blockchain applications are transparent and accountable. From getting easy access to medical records and buying insurance, you can see blockchain applications everywhere.

Here are some of the areas where you can see the use of blockchain applications and how they have changed various industries.

1. Ripple

Ripple is useful for increasing banking transactions. The implementation of blockchain technology in the financial sector is much more profound than any other sector. Ripple proves this. It is one of the greatest tools to record and complete financial transactions.

It develops a large network despite strict physical boundaries. As there is no such third-party involvement present, the cost of these transactions is lower than usual. At the same time, the network also remains transparent and quite secured.

It is normally seen that financial transactions that happen globally are

error-prone and take a lot of time. In addition to this, when the transaction

fees and exchange rates get added up, the total cost usually gets high.

However, Ripple offers real-time international transactions without spending too much money. It has the network of about 200+ institutions making the process affordable, secure, and fast for all sorts of international transactions.

2. Etherisc

This blockchain application helps in automating flight insurance. Insurance is another area where blockchain is gaining popularity. Through this application, insurers can make smart contracts rather than getting involved in the traditional contracts that are usually complex. Etherisc is the blockchain application that helps customers buy flight insurance. If the flight gets canceled or delayed, they do not have to wait for months to get the payment back. This application ensures an on-time payout.

#blockchain #blockchain-technology #blockchain-development #blockchain-use-cases #blockchain-a #blockchain-technologies #technology #decentralization

Devin Pinto

1606971339

Certified Blockchain Expert™ | Blockchain Certification | Blockchain Council

A multitude of use cases around the numerous industrial segments are now contained in the blockchain technology that once began as the underlying system for Bitcoin trading. One of the main impacts on the financial sector has been felt. Blockchain technology has been publicly adopted by businesses like JP Morgan. The financial sector is suffering from data protection problems, faster transactions, transparency and other bottlenecks that hamper the growth of businesses that rely on monetary transactions from banks and NBFCs. Blockchain could therefore be a possible solution here. Banks and financial sectors can easily solve the disadvantages that hold back the banks’ smooth functioning with Blockchain’s involvement.

Some of the biggest developments we have seen in the Blockchain sector are the development of Blockchain platforms such as Hyperledger Sawtooth, Hyperledger Fabric, Corda, etc This approved Blockchain not only ensures that the system operates efficiently, but also ensures that transactions take place at a faster rate. It actually helps the banking system work much better and in a more effective way.

How the financial sector is impacted by Blockchain:

1. Providing a safe platform-
The need for a secured platform is one of the greatest challenges facing most banking and financial institutions. As most of the transactions and other work have now been digitised, most banks and other allied companies are looking for a stable platform that is free of any mistakes or defects. In addition, there is also a high rise in the need for a network that can efficiently combat data breach problems, and so we have Blockchain. By time-stamping all information or data on it this DLT platform works. This guarantees full security. And with the introduction of approved Blockchain networks, the security feature is even more assured.

2. No third party- Time lag and paperwork are two weaknesses of the financial sector that appear to hold up the processes and ultimately influence the company’s efficiency as well. We can solve these problems with the assistance of Blockchain technology and thus ensure quicker transactions. Blockchain technology operates on peer-to-peer transactions, ensuring that for authentication and approval, there is no need to rely on a third party, which speeds up the transaction process.

3. Tracking and tracing- For banking firms, these features can be highly beneficial. Banks invest a large amount of money on authentication and verification, amid all the efforts of false identity cases, and fraud reports are growing, we can easily put an end to it with Blockchain. As data tracking and tracing becomes simpler and history can be easily traced back, compared to the traditional technologies that banks use, it becomes easier to rely on this platform.

These are the three big benefits that Blockchain can reap from the banking and financial field. Blockchain developers and Blockchain experts are in high demand because of this, and we will see an increase in this number in the times to come.

Conclusion- The Blockchain Council provides Blockchain with the best online certificate programme. This detailed curriculum will allow you to absorb all Blockchain-related knowledge while also learning how to incorporate it. Then what are you going to wait for? Register for today’s Blockchain certification.

#blockchain technology #blockchain development #blockchain expert #blockchain professional #blockchain developer

Ajay Kapoor

1623918965

Custom Blockchain Development & Outsourcing Company India

Being one of leading blockchain development companies in India, we have marked a niche by providing some successful Blockchain based software solutions on ethereum, hyperledger, Smart Contracts, and much more. You can leverage Blockchain technology to enhance data security, complete process automation, reduce data storage cost, eliminates duplication of data and reduce time,

We have industry best experts to provide you feature packed Blockchain development services catering to your business challanges. Get in touch now to explore the benefits of Blockchain for your business!

#blockchain-development-company-in-india #blockchain #blockchain-companies-india #blockchain-outsourcing-companies #blockchain-development-services #blockchain-development-company