Li Jiang, chief working officer at Harmony, believes {that a} bridge conjunctive all current blockchains is essential to aboard the primary 1 billion customers on Net 3.
"We expect that the long haul is multichain and cross-chain, that you must be capable to transfer property very simply from one chain to a different, with good costs, with good charges and really quick," he advised Cointelegraph in an unique interview.
Harmony is a layer-1 blockchain communications protocol that goals at creating Bridges with all main blockchains and turning into a "unifying Web3 platform" by 2026.
Jiang acknowledges that blockchain expertise just isn't mature ample to aboard such a good deal of customers because of scalability limitations.
"Immediately, cipher can help a billion customers, no chain, no ecosystem," he mentioned.
Harmony is addressing these limitations by leverage proof-of-stake and sharding expertise. That, as Jiang identified, permits Harmony to attain excessive ranges of decentralization, scalability and safety concurrently.
"We now have two-second finality. Whereas that is nigh the fastest inside the business, we did that with out buying and marketing off on decentralization or safety."
In line with Jiang, layer-1 options similar to Harmony will show simpler than layer-2 communications protocols constructed on Ethereum inside the creation of a cross-chain web, because of their raised flexibility.
He in addition thinks that the way forward for Web3 just isn't a winner-takes-all type of situation: A number of layer-1 communications protocols with their very own distinctive worth propositions will be capable to coexist.
"The chains that can develop are those which power be nice at cultivating their native tasks," he identified.
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