Blockchain’s true success lies in its obstacles

Imagine a world where every country had its own internet – one for France, one for Japan, one for America – and none of them could talk to each other. Your emails will not be sent beyond the boundaries, social media will be limited to your nation and global commerce. Just a multi-dollar’s innovative dream got stuck in gardens with walls. This is exactly where there is blockchain today.

The confusion of progress runs innovation dilemma

Every technical revolution begins with a passion: how do we carry forward the boundaries of how are we possible? In blockchain, it often means rapid transaction, inexpensive fees and high scalability. But history tells us something different. Innovation rarely follows a linear path. Instead, re -opening technologies do not extend only; They redefine many boundaries that force them.

Take the internet. Its early days were defined by the walls gardens- AOL, Compuserve and Microsoft Network. Each tried to build their own ecosystem, which is capturing the price by restricting the difference. But as the open web emerged, these walled gardens broke. The Internet did not succeed because it removed the obstacles; This was successful as it redefined them- protocol (http, SMTP, TCP/IP) who enable reliable, spontaneous communication.

The blockchain is at the same intersection. The passion with scalability has given rise to fragmented solutions-rolups, sideches, and alternative layer-1 blockchain-trick to solve a specific issue but adding complexity to the broad ecosystem. But in the crowd on the scale, we have ignored an important element: connectivity.

Blockchain space did not mean a collection of walled gardens, yet it has become the same. Result? A handful of important disabilities:

• Poor user experience: Try moving assets from ethereum (eth) to solana (SOL), Bitcoin (BTC), or COSMOS HUB (Atom). It is like assembled without manual Ikea furniture – unhappy but unnecessarily painful.
• Silent innovation: Developers are creating incredible applications, but many are limited to the same series. Result? Limited user, lack of adoption.
• Fragmented liquidity: Defi apps to work in the application chains, and the liquidity is fracture. Users have to jump through hoops (and several wallets) to execute simple transactions. So, everyone clings to the chains that are within their operating comfort zone.

Therefore, the real question is not how to scale or manage the highest transaction per second, but also how to reconsider some fundamental obstacles that define the future of blockchain.

Obstacle which matters: Interoperability, not execution

By 2024, there are more than 120 L1 blockchain and dozens of L2 solutions. Electric Capital Developer ReportThe number of developers active in all blockchain projects increased by 60% in 2023, continuing to emerge with new chains and solutions.

Each blockchain has its consensus mechanisms, execution environment and tokenomics working with their strength within your silo. For example, Etreum uses Etreum Virtual Machine (EVM) and solidity for smart contract development, while Salana appoints a separate architecture with languages ​​such as Jung. This diversity creates significant obstacles for spontaneous interactions between chains, promoting innovation in its own ecosystem.

In the inter -coding languages, virtual machines and execution paradigms between the chains with such fundamental differences – only the assets are required more than the bridges. This means to control important architectural and technical obstacles.

And to solve these issues, we built bridges – literally.

Bridges we built … and why do they keep breaking up

Wrapped tokens, liquidity hubs, cross-chain messaging systems-each had promised a spontaneous experience, but came with each business. Security weaknesses. Dull speed. Cumbersome procedures.

The bridge, in their current form, are like duct tape on a dripped pipe. They work – until they do.

The coding language difference and the lack of general virtual machines increase the cost of construction of bridges and integration layers between blockchain. Every time a developer makes a cross-chain bridge or interoperability layer, they should be responsible for this:

1. language translation: Changing between the script of solidity, corrosion, or bitcoin is not only an error but error-prone. In 2023, more than 60% active blockchain developers were working on interoperability solutions, spending an average of 1.5x more time more timely troubleshooting and debugging cross-chain logic than single-chain applications.
2. VM compatibility: Bridge of EVM and Solan’s proof-off-history or bitcoin script is far away. This is because it is not only about transferring tokens from one series to another – it is about ensuring that the argument behind decentralized applications is compatible in various execution environment.
3. Safety risk: The more interoperability layers you offer between different ecosystems, the greater the capacity for the weaknesses, as hackers have more entry points for the target. According to a 2023 channelsis ReportCross-chain bridges were responsible for loss of over $ 1 billion due to security violations in 2022-for about 70% of all stolen funds in blockchen space. The complications involved in ensuring that cross-chain interactions are safe, can increase the cost of insurance, audit and ongoing monitoring. In fact, blockchain projects are now Expenditure Average of $ 200,000 annually on smart contract audit and cyber security solutions, above $ 50,000 only two years ago.

Each of these obstacles increases the cost of the developer and eventually results in poor user experience due to high gas fee, transactions time and cross-chain applications due to potential errors or failures.

So what is the future? As atherium co-founder Vitallic Butlerin said:
“The future of blockchain is not about being the best in one area, but is the best in working together.”

A new mental model: Composibility creates interoperability

Interoperability is the enabler that has set a platform for compositeness.

Composibility refers to the capacity of various blockchain components – such as smart contracts, protocols, and applications – basically to interact, enable the creation of more complex and versatile functions. This modular approach allows developers to manufacture on existing components, promote innovation and efficiency.

In terms of blockchain interoperability, composibility ensures that DAPPs can work in several series. For example, a DEFI application can take advantage of liquidity pool from various blockchains, allowing users to get better rates and more options.

Because, at the end of the day, a sharp blockchain is useless if it is present in isolation.

a Presto. Driving for the construction of open highways.

David mengaldo

David mengaldo Neon is the CCO of EVM. He has been at the forefront of blockchain innovation since the end of 2013. With a decade experience in blockchain and crypto, their interest areas include web 3, DEFI, stacking and NFT. David began his entrepreneurial journey in 2015, finding his first startup to enable global charity to accept bitcoin donations. He also provided community engagement facilities and actively participated in local bitcoin meat and crypto conferences in Europe. In 2023, David began his journey with Neon Labs, who was the head of commercial and commercial fronts. He focuses on the development of new commercial lines, nurturing strategic partnership and running the development chart in Neon EVMs while making the development in Solana and Atherium blockchain ecosystems champion.