Two of China’s leading blockchain projects, NEO and Ontology, will be collaborating to build a cross-chain platform. The news puts to rest any speculation that the two projects are directly competing with one another.
During a recent town hall, NEO and Ontology announced that they will together be building a cross-chain platform to establish the ‘next-gen internet.’ The basis of the collaboration will rely on interoperability, to make both networks synced with each other.
To make this a reality, the two projects will be focusing on different key areas. NEO will be focused on developing the protocols necessary for interoperability to support a wide variety of digital assets; Ontology, on the other hand, will continue to work on its decentralized identity framework.
Some of the key features of the cross-chain platform will include:
- Low barriers to entry to facilitate development.
- Transactional finality and atomicity in cross-chain transactions.
- Improved security.
- Cross-chain synchronization.
Image courtesy of Shutterstock.
Top crypto projects in the US | April 2024
Trusted
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Anton Lucian
Raised in the U.S, Lucian graduated with a BA in economic history. An accomplished freelance journalist, he specializes in writing about the cryptocurrency space and the digital '4th industrial revolution' we find ourselves in.
Raised in the U.S, Lucian graduated with a BA in economic history. An accomplished freelance journalist, he specializes in writing about the cryptocurrency space and the digital '4th industrial revolution' we find ourselves in.
READ FULL BIO
Sponsored
Sponsored