Uniting The Ledgers: Five Projects For Cross-Blockchain Compatibility


#1

POA network has been featured as one of the Top 5 projects for Cross-Blockchain Compatibility

The POA network is a fully decentralized permissioned blockchain that primarily focusses on the Ethereum protocol. It uses a Proof-of-Authority consensus algorithm through a network of nodes (known validators) and a governance-based penalty system.

The POA Network offers a cross-chain bridge to increase interoperability between protocols. With the bridge, platform users can transfer native POA tokens from the POA network to the Ethereum network. The POA20 standard has the exact characteristics of the ERC-20 token, and can be used on any platform with ERC-20 compatibility.

The POA blockchain is live and offers cross chain compatibility with Ethereum.

In a future of ever-increasing blockchain platforms, a few might stand the tests of market and time. For those platforms, interoperability will become an important function for survival in the future ecosystem. The ability to integrate and interact with each other appears to be a crucial necessity for global blockchain adoption.

Source:https://cryptobriefing.com/cross-blockchain-compatibility/