Cryptocurrencies
Blockchains Talking to Each Other Gives Hope to Crypto Diehards
- Interoperability features could compete with coin exchanges
- Cosmos, Metronome, others are racing to offer capabilities
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Hopes are running high for the next wave of innovation in blockchains -- the decentralized computer-based distributed ledgers that are being touted as the solution for everything from routine financial transactions to alleviating world hunger.
Blockchains, probably best known for supporting sagging virtual currencies such as Bitcoin, are in many ways broken, with thousands of disparate digital ledgers unable to interact with each other. That may be about to change with scores of long-brewing projects with names like Cosmos and Metronome reaching developmental milestones, and promising to start bridging the divides.