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Multichain as a Service with Aaron Ting (S01E13)
$20 billion a year expected on blockchain technical services by 2024. Why interoperability matters and how can multi-chain-as-a-service help?
Interoperability & Multi-Chain as a Service hosted by Vivi Lin (S01E13)
It is expected that by 2024 blockchain technical services will account for $20 billion dollars annually (1) as mass adoption continues and the transition from Web2 to Web3 accelerates. The transition is anticipated to include many bottle necks including network congestion and cross-chain bridging. Custom bridges between chains pose security risks and are prime targets for attacks e.g. hackers made off with $540M worth of Ethereum (2) most recently. Join Vivi Lin and Aaron Ting of @Octopus Network the team responsible for substrate inter-blockchain communication (IBC) pallet (3) in collaboration with @Cosmos to explore multi-chain-as-a-service built on @NEAR direct bridging to solve usability challenges with wrapped assets, and novel applications in gaming and the metaverse.
#web3 #multichain #bridge #cosmos
# About Better Worlds
Better Worlds is a communication and community building platform comprised of weekly podcasts, engaging international conferences and hack-a-thons to encourage and support the development of Web3 solutions. Our programs celebrate voices from every continent to forge a shared and abundant future.
(1) https://earthweb.com/blockchain-statistics/
(2) https://www.wired.com/story/blockchain-network-bridge-hacks/
(3) https://github.com/octopus-network/substrate-ibc
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By Better Worlds$20 billion a year expected on blockchain technical services by 2024. Why interoperability matters and how can multi-chain-as-a-service help?
Interoperability & Multi-Chain as a Service hosted by Vivi Lin (S01E13)
It is expected that by 2024 blockchain technical services will account for $20 billion dollars annually (1) as mass adoption continues and the transition from Web2 to Web3 accelerates. The transition is anticipated to include many bottle necks including network congestion and cross-chain bridging. Custom bridges between chains pose security risks and are prime targets for attacks e.g. hackers made off with $540M worth of Ethereum (2) most recently. Join Vivi Lin and Aaron Ting of @Octopus Network the team responsible for substrate inter-blockchain communication (IBC) pallet (3) in collaboration with @Cosmos to explore multi-chain-as-a-service built on @NEAR direct bridging to solve usability challenges with wrapped assets, and novel applications in gaming and the metaverse.
#web3 #multichain #bridge #cosmos
# About Better Worlds
Better Worlds is a communication and community building platform comprised of weekly podcasts, engaging international conferences and hack-a-thons to encourage and support the development of Web3 solutions. Our programs celebrate voices from every continent to forge a shared and abundant future.
(1) https://earthweb.com/blockchain-statistics/
(2) https://www.wired.com/story/blockchain-network-bridge-hacks/
(3) https://github.com/octopus-network/substrate-ibc