Blockchains must meet standards for interactive asset transfers Cointelegraph
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The transfer of inter-chain assets has been going on for several years. The concept developed almost as soon as a blockchain was developed and began to take shape. In the initial application, the transfers focused on exchanges between the original assets and tokens of the chain, which later decentralized several exchanges. Although the exchange of assets has its own usefulness, the mere transfer and transfer of assets and other data easily through the lock chains is as important as ever without changing their identity and is becoming more frequent.
Today, 400,000 (BTC), and are growing, existing, and used in transactions outside of the Bitcoin blockchain. Good amount of ether (ETH) has also been transferred to other networks. Some of them are referred to as collected tiles to distinguish them from the same asset when they are in their original network. From the old established blocks to the newest ones, the transfer of the original assets is done through what is called a bridge.
Ken Alabi He holds a PhD in engineering from Stony Brook University, a master’s degree in computer-aided engineering from the University of Strathclyde, and is a computer science professional, programmer and published researcher with a number of peer-reviewed publications in various fields of technology. The author has also published articles on blockchains, the decentralization of blockchain-like business processes, and the interoperability of blockchain.
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