What cryptocurrencies can be connected to blockchain (blockchain integration projects)?

08/15/2023 14:42 • Metaverse Matters • 92 views

What cryptocurrencies can be connected to blockchain? Currently, there are two popular projects on the market: public chains and consortium chains, which are Bitcoin, Ethereum, and EOS, respectively. The biggest difference between public chains and consortium chains is the interoperability issue between them. Another difference is the difference in transaction speed on the blockchain (for example, users need to use Bitcoin for payment), so generally, there can be asset exchanges between public chains and consortium chains.

So, what cryptocurrencies can be connected to blockchain? First, it depends on whether a specific project’s token can directly enter this market. Second, when launching one’s own token on an exchange or platform, public chains can be used. This is because most people’s understanding of this field is still very basic.

Blockchain Integration Projects

According to official news, the Chain On Chain Association and ZhongAn Technology jointly released the “2018 Annual Blockchain Integration Project White Paper”, aiming to build a blockchain technology ecosystem that combines “finance + services”, cryptocurrency trading, and asset management. The white paper mentions that the current blockchain industry is mainly dominated by consortium chains, and various exchanges are building their own blockchain applications. Other public chains mostly rely on centralized institutions for operation. Therefore, a healthy competitive situation can be formed, thus establishing efficient cooperation relationships and laying a solid foundation for the entire industry. At the same time, by introducing a decentralized model, effective connections between funding pools and information flows can be achieved, enabling more companies to obtain value support from these resources and conduct business cooperation. In addition, due to the significant impact of traditional regulatory policies in China on related industries, to ensure the compliant operation of projects and that business models are more in line with the country’s development trends, it is recommended to choose platforms with strong capabilities, blockchain experience, and certain market competitiveness as partners.

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What cryptocurrencies can be connected to blockchain (blockchain integration projects)?

Blockchain Integration Projects

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