Today, the Blockchain technology continues to progress and grow globally. Blockchain network features such as security, immutability, transparency, cost-effectiveness, and adaptability design are to thank for the incredible acceptance of the Blockchain technology.

Currently, the finance and banking industry are among the major industries in the economy that have adopted Blockchain-based systems. And, it has tremendously improved the effectiveness, accuracy, speed, and security of the industry. However, some of the major real-world businesses are shy to adopt this technology. The challenge of a blockchain linking to another is a sore point.

Nerves Blockchain fosters a networks can connect and communicate directly with each other just like the internet. Actually, it doesn’t make sense to have completely separate Blockchain systems competing for value and market share. An integrated network allows Blockchain users to share and transact directly with other clients from other compatible Blockchains without any high expenses and downtimes.

This means that as a user, you are not limited to the number of clients your network is built on. Let’s look at some of the major reasons why a network of blockchains is needed in today’s world.

Blockchain to Blockchain Linkage

When blockchains can link up to other blockchains, the best of the networks can be experienced with minimal delays. Since the Nerves platform is supportive of branch chains in the midst of a central chain, different networks will be able to directly and freely interact thereby removing the need for 3rd parties in their business.

Speed

One important factor that has made the cryptocurrency industry to prosper is speed. Most Blockchain systems execute transactions independently. This creates many hurdles and steps in the processing and verification process, therefore, making the system slower.

On the Nerves platform, transactions can now happen in a less fragmented manner, thus, increasing the amount of speed it takes to process and verify such transactions.

Value transfer system

Blockchain system can have a better effective means of transmitting value within the system of linked chains. As an integrated blockchain of blockchains, Nerves will support value recognition and transfer.

Multiple token transactions

If blockchains are allowed to link up within the ecosystem, it promotes the use of multiple token wallets. This will give the users total control of their assets by removing third-parties platforms where they store their funds as well as related risks.

Convenient portfolio management

Blockchain technology will offer the users the access to store their digital assets in a typical wallet. The network will enable the platform users to carry out transactions seamlessly. Working across exchanges including tokenized assets, derivatives, equities, and fiat currencies from one convenient portfolio management system will be enabled.

Reduction of liquidity risk

Currently, it’s very difficult to transact trades between systems which have discouraged certain business markets players. As Nerves support a system of chains, scalability can be improved therefore boosting liquidity. Also, this will draw more participants to the market which will further create more crypto-assets and market growth.

Reduction of documentation

A network of linked blockchains will accommodate any kind of an investor across a wide chain without the need for multiple documentation stages and unnecessary stages of transactions.

Users will now have access to one ecosystem where they can trade in various assets and have ownership rights with reduced registration, agreements, and installations.

It’s clear that supporting a network of chains will have a great impact on the Blockchain-based system the same way the internet does and maybe even better. For instance, the cryptocurrency industry is a primary network protocol that enables multi-directional interaction in many different blockchains.

The blockchain industry will experience a free flow of value and information. Even in other major platforms under the blockchain technology, the system innovated by Nerves blockchain is set to enhance the scalability of the blockchain ecosystem.

A Network of Chains and Efficiency

The communication between chains shows how effective each Branch chains of the blockchain and the Stem chain can work together to yield positive results. The ability to work hand-in-hand gives an optimized performance of main chain processing. This is done in such a way that the Stem chain acts as a channel or path where all Branch chains become connected, thereby doing the following;

Reduces Block Data size: Stem chain only stores data with minimal information such as address, reducing the size of block data that comes on the system. The lesser the size of the data, the better the performance of the system.

Optimizes consensus procedures and block generation: With the aid of proof of linkage, the Nerves blockchain consensus algorithm. An algorithm is built mainly for users in order ensure stability, reliability and improving processing speed on the network.

Nerves’ is able to solve major blockchain problems by introducing Stem chain and Branch chain as its component. Both blockchains serve different purpose but work hand-in-hand for effective processing. They both provide services without delay by using the usual blockchain DApp. This network has created an ecosystem where an active DApp can now be serviced or operated anywhere, under any condition.

Last words

One area of recurring criticism against the Bitcoin blockchain has been the replication of data, which leads to wastage of resources in terms of computational space and energy consumption.

In a network of linked chains, each branch chain can initiate and complete a teansaction successfully. If a different chain needs the validation of data by a chain within the network, this can be seamlessly activated without replicating new data sets or embarking on resource-intensive routines.

The leading light of the Nerves blockchain is the insistence that branch chains can co-exist within the network without disrupting or interfering with linked-chains on the platform. The takeaway of this scenario is that resources are optimized and speed of processing is not compromised.

As the world experiences the utility of the Nerves platform, it will become clear that the blockchain has not been fully utilized to the heights of its possibility. The nerves network is here to stay, and the world will enjoy the potentials of revolutionary blockchain.