Blocknet, a 2nd layer blockchain interoperability protocol that enables communication, interaction, and exchange between different blockchains, today has released the beta version of XRouter which makes it possible to build decentralized apps using features from any public or private blockchain.
It will serve as the foundation for multi-blockchain architectures and Blocknet’s “Internet of Blockchains.” XRouter was designed from the ground up to provide interoperability with ANY and ALL blockchains.
Meet XRouter: the first solution enabling cross-chain interoperability
Blocknet has developed XRouter, the first protocol that allows building decentralized apps based on multiple blockchains. Developers can create dApps using features of different blockchains without having to download them to a user’s machine.
Here’s what makes it unique according to the Blocknet team:
- Compatible with all blockchains. XRouter will be compatible with all public blockchains such as EOS, Ethereum, Stellar, Cardano, Tron and many more. It even covers DLT and private chains such as IOTA, Hashgraph, Hyperledger, and D3.
- No need to download the whole blockchain. XRouter provides you with instant decentralized access to any blockchain without having to download it to your machine. Similar to streaming video on Netflix, it saves time and storage.
- Facilitate the creation of decentralized apps. Simply mix the out-of-the-box features of different blockchains to build the dApp of your dream.
- Allows blockchains to exchange data. Just like internet routers define paths for users to receive information over the internet from different websites, XRouter also utilizes the TCP/IP network to connect paths between different blockchains so that data could be freely exchanged between them.
XRouter’s use cases
The possible use cases of this protocol are practically unlimited. Here are just a few examples of how XRouter can be applied.
- Storage and hosting. If creating a dApp on Ethereum, you may require storage functionality. Ethereum doesn’t intrinsically handle file storage very efficiently. In this scenario, XRouter can be used to interact with other blockchains such as Storj, Filecoin, Sia, or Swarm to utilize their storage services.
- Media. For LBRY, a dApp that integrates the Blocknet Protocol that allows any coin to be used for payment of digital content and also integrates other storage blockchains to host the content could be created.
- Markets. Via a dApp, SYS could use other blockchains for tracking the shipping of products sold on the Block-market. This would make it more difficult for vendors to artificially inflate the number of positive reviews. Or the Sys marketplace service could be integrated into other dApps. Alternatively, a dApp could tie in any other cryptocurrency to the GoByte pay module so that GBX could be loaned for other coins and tokens.
- Community. Create a tipbot dApp that would let your users tip each other in any cryptocurrency that will be converted to the token of their choice
- Business and industry. Create an immutable EHR (Electronic Health Record) ledger that would let patients’ data be securely stored on the blockchain and easily shared across many clinics.
- Education. Educational qualifications and work portfolios could be hosted on the blockchain where they could be verified by a dApp built on the Blocknet protocol. If a student needs to access a paper or peer-reviewed subscription journal, then this could be monetized in the form of a micropayment in any currency