ONCHAIN

The growth of the distributed ledger space has led to the emergence of multiple blockchains which do not communicate with each other and are operating in isolation. These blockchains are gaining popularity because of features they offer to the applications like network effects, speed, transaction cost, security, consensus algorithms etc. However, these blockchains are operating in silos and are running their ecosystems in isolation from the ecosystems operating on other blockchains. Even worse, the current solutions which are only limited to providing cross-chain bridges are highly centralised and susceptible to counterparty & security risks. There is a pressing need for interoperability between the current blockchains in use.