Ethereum Classic Leads the Way In Blockchain Interoperability

ETC adoption increases as interoperability moves into focus

The “Scalability Trilemma” shows us that Blockchain systems must deal with trade-off decisions at their inception . Different consensus models provide different qualities that become the base DNA of their respective blockchain platforms. Proof-Of-Work systems are great for securing valuable assets with their “unforgeable costliness” protection, while Proof-of-Stake systems can facilitate much faster transactions at scale. Even at a 10,000 foot view, the decisions at such a fundemental layer have huge ramifications on use cases and point to a likely eventuality: there will be multiple blockchains.

The transfer of value is only one use case, but that use case alone comes with multiple flavors. Large value transfers are less concerned with speed and scalability, and much more focused on security (possibly even zk-snark powered anonymity). A content paywall platform would need to facilitate thousands of fast micro-transactions for viewers to seamlessly enjoy their content without friction.

One Phone for Every Blockchain You’ll Need

But for every simple and straightforward payments case, there are 100’s of new and innovative use cases that blockchain makes possible. How do we handle Non-Fungible tokens? What about machine-to-machine payments? Self Sovereign identity? The answer isnt in one blockchain, but in multiple blockchains evolving together through interoperability.

Ethereum Classic has been heavily investing time and energy into interoperability, with not 1, but 4 different projects emerging over the last few months. As a leader in decentralization and immutability, developers are flocking to this “Build First” mentality and they are pioneering the first steps into chain interoperability. Together with the Ethereum Foundation, Akomba Labs, Kyber Network , POA Network , and Metronome, the new era of collaboration is here.