Zoran Skoda
blockchain interoperability

Blockchain projects desire various features like privacy, security (in various aspects), speed, low latency, flexible smart contract platforms, high data capacity/cheap storage etc. Protocols good in one feature are hard to be good in other, for example high speed is hard to reconcile with high security. Thus it is impossible that one technology will be the best in all aspects, therefore in future many different blockchain/DL technologies will coexist. On the other hand, there are network effects where usability grows (even quadratically) with number of network participants favoring large networks and monopole. The exit from the dilemma is however in interoperability, where different blockchains can communicate and one has the ability to share the value between different networks. Ingenious innovations are done on path of interoperability at the levels of algorithms, incentivization methods, software and so on.

An important extension of interoperability is with cryptographic proofs which are delegated in certain sense:

  • Aggelos Kiayias, Andrew Miller, Dionysis Zindros, Non-Interactive Proofs of Proof-of-Work, IACR preprint 2017 pdf (see also here and Cardano, IOHK)

Last revised on August 30, 2019 at 10:09:41. See the history of this page for a list of all contributions to it.