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March 15, 2021, 10:50:52 PM |
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I find XRouter as one of the most Blockhain Hybrid Approaches we currently have in the space... One of the three (3) suite products of the Blocknet, XRouter is a cross-chain interoperability protocol that allows applications to interface with blockchains on the TCP/IP networking layer, enabling a true internet and environment of blockchains.
As provided in commentaries in the Cointelegraph, Blocknet's XRouter acts as the so-called "Internet of Blockchains", enabling all blockchains and smart contracts to communicate with each other, allowing the monetization of inter-chain and multi-chain services, including those that do not utilize smart contracts capabilities. This implies that if developers want to utilize smart contracts from different chains, they can do so by mixing and matching any blockchain of their choice, building whatever they desire without the need to re-establish contracts from scratch.
With the existence of XRouter, developers and users alike can initialize contracts from any blockchain that can be deployed to XCloud, a decentralized micro-service cloud network powered by XRouter that allows interaction with microservices, blockchains, and APIs.
XRouter is compatible with any network, being able to exist on the TCP/IP level. This includes private and public DLT's such as Bitcoin, Ethereum, IOTA, and Hyperledger. Fees for the XRouter are determined a free market where service nodes can determine and specify the fee necessary to be charged for a call. Clients can specify the max fee that they are willing to pay.
It is worth mentioning Blocknet's acknowledgment of XRouter's use cases:
1. Supply Chain – Blocknet Protocol and XRouter would allow information to be available between different blockchains. A smart contract utilizing XRouter to garner necessary details and information from other respective chains is essential to develop flexibility and decentralization.
2. Storage and Hosting – XRouter can act as file storage for decentralized applications whose blockchain does not support file storage effectively. It can also interact with other blockchains such as but not limited to; Storj, Filecoin, Sia, or Swarm to utilize their storage devices.
3. Media and Content – Xrouter can be utilized on decentralized applications in relation to posting to multiple social media platforms simultaneously, allowing publication and exposure of these applications to be more efficient and effective.
4. Markets - a decentralized application that uses XRouter to extend its products into a single layer would offer a lot more options to users and consumers and a fuller marketplace. As mentioned earlier, publishing products is a lot easier as they can be posted simultaneously in a single form.
5. Business and Industry – Blocknet has recognized that in the near future, many decentralized applications and blockchains will utilize health data. Instead of submitting health data to each application, a universal electronic health record blockchain can be created to seamlessly manage the personal medical data of each application. The health data on the electronic health record can be shared with healthcare providers, hospitals, insurance blockchains, decentralized applications, and applications in collaboration with the XRouter.
6. Certifications – it is possible to store certifications and licensing records on a dedicated blockchain verified by a decentralized application built on the Blocknet Protocol. Such information may be useful to grant access or permissions.
Thanks to Blocknet's XRouter, new and upcoming blockchain companies that utilize XRouter and XCloud can be part of the so-called "internet of blockchain". Since XRouter operates on a free market basis and is independent, developers and blockchain names are free to provide charges for their service, sell plugins with other parties involve, and many other business-related strategies possible to expand their cause.
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