DATx Project Adds Blockchain Interoperability Feature To Its DATx Public Chain

DatX recently announced the addition of cross-chain blockchain interoperability feature to its DATx Chain (Decentralized Application Transformational Chain) the DATx public chain. DATx is a blockchain-based project that is currently focusing on building infrastructure for industry.

The project is going to benefit the increasingly fragmented nature of the blockchain industry. According to the team at DATx blockchain technology’s reach can widen commercially only if there is an increase in the interaction between the chains. When two different blockchains transform information between each other, it leads to cross-chain interoperability. Despite cross-chain interoperability being such an important implementation it is yet to achieve the importance that it deserves simply because of technical barriers in different protocols of the chain.

Advocates of this technology believe that cross-interoperability will lead to a more efficient token economy as it connects different blockchains specialized for varying markets. It thus makes virtual currency a better alternative to the fiat economy. Due to low acceptance of cross-chain interoperability, the user adoption of blockchain’s alternative to traditional central-based web applications, dApps have also taken a big hit.

As per the latest news on blockchain interoperability, only 8 dApps are attracting 300 plus active users daily, reported Cision. The low figures indicate that there is an infrastructural issue. It also confirms that dApps have been unsuccessful at attracting consistent userbases as blockchain industry currently is in the fragmented stage.

With the launch of cross-chain interoperability, the ability of blockchain network system to interact will increase. DatX wants to establish itself as the hub to support multiple blockchains so that cross-chain interoperability is achieved.

In a blockchain interoperability system, the true potential of dApps or decentralized applications will come to the fore, reported Medium. The main intention of developing a DATx ecosystem is to develop a fertile environment for the dApp developers so that they can build a point where multiple blockchains can meet.

The post DATx Project Adds Blockchain Interoperability Feature To Its DATx Public Chain appeared first on OWLT Market.

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