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This layer 1 blockchain offers a unique decentralized interoperability solution

Blockchain interoperability is essential for the industry, but current solutions such as bridges are quite vulnerable. So what is the solution?

Blockchain interoperability is one of the most critical overall goals to keep pace with the times in this field. Smooth cross-chain communication and use value liquidity is particularly important for efficient trading test cases. According to the challenge of dealing with the diversification of layer 1 networks, the blockchain area can improve the user experience, open up a new opportunity for cooperation, get rid of its speed and scalability constraints, and accelerate the selection of this approach in most key industries.

The difficult problem of cross-chain solution

Although blockchain investors have long been aware of the need for interoperability, we still do not have decentralized system software that can coordinate work smoothly, safely and on a large scale. Nowadays, cross-chain dissemination depends on intermediary platforms such as roads and bridges.

Crucially, the wireless bridge has been proven to be the most inadequate security point in all block chain space. According to the latest data from Chainanalysis, 2022 will be the worst year for digital currency network hackers, with cross-link wireless bridges accounting for about 2/3 of all stolen login passwords, even with assets worth about $3.1 billion. "it is hard to imagine a more fascinating honey badger," the report said. If a bridge becomes bigger and bigger, any errors or other hidden shortcomings in its lowest-level intelligent contract coding will basically be discovered and exploited by all kinds of bad actors.

Complete interoperability without changing the safety factor

Cross-chain communication is really important and can't be ignored just because of security risks. Thankfully, some solutions have completed blockchain interoperability while avoiding participants from intermediary companies such as roads and bridges. One of the better examples is layer 1 X (L1X), which is a decentralized layer 1 network that achieves unprecedented interoperability and scalability without changing the safety factor.

L1X avoids the need for centralized participants and the recognition of core causes of failure, such as wireless bridges. This also makes cross-chain communication rapid, high safety factor and low cost.

The goal of L1X is to collaborate with all blockchains and unleash their full development potential, giving all users access to decentralized multichain interoperability. Its unique vm virtual machine (L1X VM) adapts to the ethernet square VM virtual machine (EVM) blockchain intelligent contract, so that it can be connected to lock (TVL) more than 80% of the total amount of distributed financial industry (Defi) agreements. This includes EVM and non-EVM adaptation chains, such as Etherum, Solana, Binance, Polygon, Avalance, Arirum, and optimists. L1X will further expand its network by opening more links, so that Web3 is easier to navigate and less entertaining. L1X is committed to unique generic messaging and protocol specifications triggered by cross-block chain events for several properties and structures. For example, the user can lock the NFT on one blockchain and use the NFT in another blockchain if the L1X VM is applied.

L1X VM also allows immediate development design, scalability and security in VM, and plans to make it Turing.

Although the previous decentralized network was confused in dealing with the three dilemmas of blockchain, L1X is committed to what it refers to as the "blockchain quartet". According to uncompromising implementation of all four core elements of the decentralized network: interoperability, decentralization, scalability and security.

L1X collaborates with Prysm Group to carry out OTP, and takes scalability and speed into account in its design. The network has worked hard to create 100000 transactions per second and seems to be building a blockchain in time. Blockchain not only achieves interoperability, but also aims to enable 8 billion smart products around the world to carry out micro-certification. The L1X is equipped with a distinctive combination consensus mechanism that enables rapid confirmation and higher freight volume. L1X closely combines the proof of interest with the machine equipped with the motherboard chipset as a democratic verifier to ensure decentralization and thorough accountability of the connection point.

L1X enables chains to be connected through fragmented interoperability, focusing on collaboration with other blockchain rather than market competition. In this way, the login password market becomes less decentralized, and all blockchains and Dapp can be expanded to realize their full potential. In addition, Layer One X is in the middle of a round of private marketing and is committed to providing fair investment opportunities for all investors. L1X's vision is to put Web3 customers first and then allow agreements to be built according to the needs of users. In this way, Web3 users can easily use all the agreements on the L1X from a wallet, including the level of storing health records, property and more videos on the chain.

Block chain interoperability as a metal catalyst for scale

According to the completion of block chain interoperability, this method can speed up a large number of selection in various industries.

Because layer 1 networks operate independently of each other, it is difficult for individual consumers and businesses to take advantage of the role each network provides. When a higher level of interoperability is achieved, users will not have to actually operate several wallets and digital currencies to interact with each independent network.

People's interest in converged blockchain solutions is at an all-time high, and interoperability is particularly important to ensure large-scale selection.

Learn more about Layer One X
by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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