“A single blockchain network cannot meet a wide array of business prerequisites.” says the developers at Ontology blockchain network. It seems the latest multichain design of Ontology will give new competition for Cosmos, Polkadot, and Plasma! Different business requires different blockchains designs and highlights, a blog of Ontology reads. It says separate blockchain additionally needs to communicate with one another. Their “planned value” will get no acknowledgment if conventions are not created to encourage blockchain interoperability.

The independent blockchain needs to have a communication facility which seems like a problem. Ontology developers have come up with a multi-chain structure to solve this problem. This kind of framework will consider the association between the fundamental chain and side-chains, and between side-chains.

The primary system will issue a multichain contract to deal with all side chains. These are all connected to Ontology’s fundamental blockchain. In addition, to enable cross-chain collab between source chain and target chain the system will issue a cross-chain management contract. The synchronizing key block headers and other state data complete the evidence of a cross-chain association.

Now let’s contrast Ontology and the other platforms which enable blockchain interoperability. The dispersed trust system’s engineers refer that Plasma, Cosmos, and Polkadot don’t bolster “sidechain to sidechain cross chain” correspondence. But Ontology’s multi blockchain network arrangement does.

Remarkably, Ontology’s improvement group has just propelled their cross-chain correspondence testnet. Engineers of Cosmos, Polkadot, and Plasma have not yet discharged their cross-chain testnets, the Ontology group noted. And the answer to whether it is a new competition for Cosmos, Polkadot, and Plasma? Yes!