• Latest
NEO and Ontology Partnership Eyes Global Cross-Chain Blockchain Platform

NEO and Ontology Partnership Eyes Global Cross-Chain Blockchain Platform

July 18, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Litecoin

NEO and Ontology Partnership Eyes Global Cross-Chain Blockchain Platform

coinnewsdaily by coinnewsdaily
July 18, 2019
in Litecoin
0
NEO and Ontology Partnership Eyes Global Cross-Chain Blockchain Platform
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin Will Overtake Gold’s MarketCap in 9 years, Says Bobby Lee |

Sell or hodl? How to prepare for the end of the bull run, Part 2

April 10, 2022
How to prepare for the end of the bull run, Part 1: Timing

How to prepare for the end of the bull run, Part 1: Timing

April 3, 2022

Chinese blockchain platforms Ontology and NEO are partnering to create an interoperable protocol in a bid to spur development of the next-generation internet.

A press release shared with Cointelegraph on July 18 revealed that the two blockchain firms intend to build an open, global cross-chain platform based on an interoperability protocol that would harness both companies’ strengths. 

In reorienting the focus of their respective strategies to the task of full-fledged interoperability, NEO will work to develop protocols and components that can support a full spectrum of digital assets and Ontology will continue to build out its decentralized identity framework. 

Key Features of NEO and Ontology’s interoperability protocol

The press release reveals four fundamental aspects of the firms’ interoperability push, noting first that the development work will aim to establish an “eco-friendly approach to member chains.” This means that — in order to protect member chains from so-dubbed cannibalization — the protocol will not issue tokens, nor will it include a dedicated smart contract system.

A second point is an ambition to establish a low barrier for entry — i.e. to not require existing blockchain projects to develop new protocol layers or other modifications in a bid to streamline their perspective integration. 

Third, the protocol will seek to achieve finality and atomicity in cross-chain transactions and will focus on expanding the scope of decentralized applications (DApps) by supporting cross-chain smart contract interactions.

Last, the two firms pledge to focus on optimizing security for cross-chain transactions and interactions but have not yet revealed specific details of the technical and operational security mechanisms that are planned for implementation.

The global push for blockchain interoperability

Both companies’ founders have underscored in their respective statements that a collaborative approach is the first step to building the foundation for a global cross-chain platform that can onboard diverse projects and companies in the sector and tackle real-life applications.

Last month, Ethereum Classic (ETC) incubator ETC Labs revealed plans to create a solution for Ethereum (ETH)/ETC interoperability in collaboration with Metronome (MET).

A report prepared by blockchain tech firm ConsenSys and published by the European Union Blockchain Observatory and Forum this March had recommended the introduction of interoperability and scalability standards for the European blockchain sector.



Credit: Source link

Share76Tweet48
Previous Post

Bitcoin’s ‘Bubble’ Cycle More Bullish Than Amazon’s Dot-Com Era Days

Next Post

Facebook Libra Risks to Financial Stability Demand ‘Highest’ Regulatory Standards, Says G7

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

Bitcoin Will Overtake Gold’s MarketCap in 9 years, Says Bobby Lee |
Bitcoin

Sell or hodl? How to prepare for the end of the bull run, Part 2

April 10, 2022
How to prepare for the end of the bull run, Part 1: Timing
Bitcoin

How to prepare for the end of the bull run, Part 1: Timing

April 3, 2022
Bull or bear market, creators are diving headfirst into crypto
Alt Coin

Bull or bear market, creators are diving headfirst into crypto

April 2, 2022
crypto listing and delisting announcements: week 9
Alt Coin

Crypto Listing and Delisting Announcements: Week 9

February 28, 2022
unstable markets how to invest in cryptocurrency
Alt Coin

How to invest in cryptocurrency when the market is uncertain, explained

December 21, 2021
be your own banker secrets
Alt Coin

Bitcoin and Crypto Wallet Hygiene 101

November 22, 2021
Load More
Next Post
Facebook Libra Risks to Financial Stability Demand ‘Highest’ Regulatory Standards, Says G7

Facebook Libra Risks to Financial Stability Demand 'Highest' Regulatory Standards, Says G7

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,253.001.62%
  • ethereumEthereum(ETH)$1,677.372.97%
  • tetherTether(USDT)$1.00-0.09%
  • binancecoinBNB(BNB)$331.691.57%
  • rippleXRP(XRP)$0.4013521.43%
  • cardanoCardano(ADA)$0.3984362.96%
  • dogecoinDogecoin(DOGE)$0.0924421.91%
  • matic-networkPolygon(MATIC)$1.273.78%
  • okbOKB(OKB)$45.642.97%
  • solanaSolana(SOL)$23.853.48%
  • shiba-inuShiba Inu(SHIB)$0.0000141.58%
  • polkadotPolkadot(DOT)$6.945.29%
  • litecoinLitecoin(LTC)$101.172.37%
  • tronTRON(TRX)$0.0660563.19%
  • daiDai(DAI)$1.00-0.08%
  • cosmosCosmos Hub(ATOM)$15.065.26%
  • chainlinkChainlink(LINK)$7.193.78%
  • ethereum-classicEthereum Classic(ETC)$23.093.27%
  • leo-tokenLEO Token(LEO)$3.370.43%
  • moneroMonero(XMR)$167.530.46%
  • bitcoin-cashBitcoin Cash(BCH)$135.412.23%
  • stellarStellar(XLM)$0.0919282.17%
  • filecoinFilecoin(FIL)$5.566.64%
  • crypto-com-chainCronos(CRO)$0.0837543.69%
  • algorandAlgorand(ALGO)$0.2807068.84%
  • vechainVeChain(VET)$0.02649010.28%
  • internet-computerInternet Computer(ICP)$5.845.81%
  • aaveAave(AAVE)$88.463.04%
  • eosEOS(EOS)$1.123.96%
  • elrond-erd-2MultiversX(EGLD)$47.946.68%
  • theta-tokenTheta Network(THETA)$1.199.41%
  • tezosTezos(XTZ)$1.257.78%
  • huobi-tokenHuobi(HT)$5.692.75%
  • havvenSynthetix Network(SNX)$2.934.12%
  • paxos-standardPax Dollar(USDP)$0.99-0.21%
  • bitcoin-cash-svBitcoin SV(BSV)$43.491.61%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.561.63%
  • dashDash(DASH)$66.353.70%
  • makerMaker(MKR)$810.9814.75%
  • iotaIOTA(MIOTA)$0.2509864.55%
  • neoNEO(NEO)$9.204.71%
  • zcashZcash(ZEC)$46.826.20%
  • zilliqaZilliqa(ZIL)$0.0308535.05%
  • basic-attention-tokenBasic Attention(BAT)$0.31390813.38%
  • compound-governance-tokenCompound(COMP)$57.969.43%
  • nemNEM(XEM)$0.0431584.61%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$36.993.91%
  • qtumQtum(QTUM)$2.984.72%
  • bitcoin-goldBitcoin Gold(BTG)$17.753.61%
  • sushiSushi(SUSHI)$1.534.94%
  • wavesWaves(WAVES)$2.824.89%
  • golemGolem(GLM)$0.2651455.89%
  • yearn-financeyearn.finance(YFI)$7,860.423.41%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • omisegoOMG Network(OMG)$1.682.36%
  • ontologyOntology(ONT)$0.2434134.84%
  • digibyteDigiByte(DGB)$0.0114917.98%
  • umaUMA(UMA)$2.204.31%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%