Interconnectivity between software applications has been a long-standing practice. However, that same interconnectivity is still being developed in the blockchain industry.
Cross-chain, also known as interoperability, is a technology that enhances the interconnectivity between blockchain networks by allowing the exchange of value and information. Although this technology has been discussed within the crypto community for several years, we are only beginning to see its full potential.
However, a prevalent barrier preventing blockchain ecosystems from becoming interconnected is the lack of standardization in programming languages. As a result, several development teams choose to ignore standards when building protocols, allowing them to have more creative freedom.
The downside is that it’s exceptionally challenging to create interoperability between blockchains that use different parameters, including differing consensus models, innovative contract functionalities, and transaction schemes. The Enterprise Ethereum Alliance has developed a standard known as the Ethereum Blockchain for businesses to combat this issue.
A new cross-chain and liquidity transfer protocol, by deBridge, also aims to tackle this critical issue that is setting the crypto industry back. Delbridge offers a unified standard for cross-chain transfers, allowing anyone to specify the original and destination chains in a single user interface.
deBridge – a new solution for blockchain interoperability
deBridge is a cross-chain protocol that offers a set of differentiating and valuable features. While most cross-chain protocols focus exclusively on bridging solutions, liquidity aggregation, or atomic swap, deBridge stands out by allowing cross-chain invocation of smart contracts.
Using deBridge protocols can expand to other blockchains by bridging their native token and interconnecting components of the protocol in different chains. For instance, it will allow smart contracts on Ethereum to invoke smart contracts on Solana. Thus, it opens up a new world of possibilities.
deBridge will have built-in compatibility with major networks such as Ethereum, Polygon, Binance Smart Chain, HECO, and Arbitrum. The team behind the project also plans to add other prominent exchanges along the way and transform deBridge into the go-to cross-chain solution.
The deBridge protocol will also be a fully autonomous DAO (Decentralized Autonomous Organization) soon. Through a voting mechanism, token holders will have a say in the future of the network, allowing them to make decisions regarding treasury management, network parameters, and other proposals.
A new haven for developers?
All of deBridge’s infrastructure and features equip developers with the necessary tools to create a successful project. Therefore, choosing to integrate or build on top of deBridge will be highly advantageous, allowing projects to leverage the strong points of each blockchain and transact data and value between networks seamlessly and for almost no fees.
deBridge can offer protocols higher scalability, cost-efficient transactions, and a broader scope in terms of reach and potential partnerships. Potential new dApps and use cases are also open for exploration as the whole crypto ecosystem expands and becomes more connected, thanks to interoperability protocols such as deBridge.