Category: Cross-chain communication

Internet of Blockchains

Of NiPoPow, cLitecoin and GaaS

This video by Charles is mind-boggling stuff.

I had to watch it twice to have any semblance of understanding, as my mind was swirling with endless possibilities during the streams.

As of July 2020, there is no dominant or large-scale practical cross-chain communications among blockchain projects. At least I admit I have not heard of any. And other than the proliferation of ERC-20 coins building atop the Ethereum platform, we have also not seen many popular instances of projects communicating with and riding on services provided by others.

Now we have a grand vision for the future.

Harnessing NiPoPows, blockchain projects can communicate with the Cardano platform if they opt to, and this opens up potentials that are currently unavailable. For example, Litecoin owners can leverage upon Cardano’s governance and voting system and use is for their own cause, and in doing so pay for the services using wrapped Litecoin (cLitecoin) on the ADA blockchain.

Hence we can build an Internet of Blockchains (IoB) to bring out the best in all projects. I do believe that blockchain projects can co-exist, just like fiat and cryptocurrencies can co-exist. This vision by Charles and Cardano simply brings this beautiful and vibrant coexistance into reality.

The possibilities are endless.