Cryptographic blockchains have been around for almost 13 years. It all started with the birth of Bitcoin in 2008. It seems like every year we see more public chains, some using Proof of Work while others prefer Proof of Stake. But no matter how many new public chains exist, most of them are not interoperable. This means they cannot talk to each other. And that's exactly what needs to be addressed.
Read on to learn more about DeFi 4.0 and how it is approaching blockchain networks.
Let's take an in-depth look at the ecosystem of the DeFi 4.0 public chain. Over the past few years, blockchain technology has advanced tremendously, and accordingly, thousands of blockchain networks have emerged. But there's a big problem with these networks - they can't talk to each other. Why is this a problem? Because they are difficult to send data and assets from one blockchain to another. The blockchain interoperable program network can solve this problem by providing blockchain development tools that make it easy to build interoperable blockchains.
"Sounds fancy, what the hell is going on?" An application-specific blockchain is one that runs a single application. So instead of having one big blockchain that handles all applications and their transactions, each blockchain handles its own transactions. This makes it easy for developers to optimize application-specific blockchains for their use cases, which can (at least in theory) provide better sovereignty, security, and performance. Think of this DeFi4.0 as Apple's iOS. It provides developers with a platform and tools to create applications tailored to user needs.
Cross-chain protocol: When an asset is to be issued on multiple chains, cross-chain features are mainly required. At this point it is not so important to exchange in a barter-economy way between different public chains. BBC supports multi-resource cross-chains including digital assets, supports unlimited cross-chains, and realizes lightweight cross-cutting solutions by synchronizing a small part of the entire block chain.
It is understood that the BBC will gradually separate from Binance’s main network and form its own main network.
How to solve the problem of the impossible triangle of the public chain, as a flexible blockchain development platform, its technical bottleneck is constantly being broken through, and the BBC will enter the 4.0 era with the blockchain.
See how it solves the problems of encrypted blockchains - it will be interesting to build such an ecosystem together. One thing is for sure - blockchain developers benefit the most. With DeFi 4.0’s toolkit, they can easily create application-specific blockchains. If the developer wins, the user gets more too.
