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📰 News
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LiquidLink Bridges EOS and Ethereum, Making Cross-Chain dApps a Reality

  • Alex Dovbnya
    📰 News

    LiquidLink brings the best of both worlds by enabling interoperability between the two rivaling blockchain networks


LiquidLink Bridges EOS and Ethereum, Making Cross-Chain dApps a Reality
Contents

The blockchain start-up LiquidApps has successfully launched a proof of concept that enables decentralized applications (dApps) to operate on EOS and Ethereum simultaneously. Cross-chain interoperability has become something of a holy grail for blockchain developers, as crypto users have grown frustrated at the siloed design of major chains such as Bitcoin and Ethereum, which thwarts the seamless exchange of assets. 

Despite both comprising so-called “second-generation” blockchains that support an ecosystem of dApps, EOS and Ethereum’s architecture is radically different. Previous attempts at uniting the two chains, as developed by projects such as Cosmos and Polkadot, has necessitated the introduction of a bridging blockchain component. LiquidLink obviates this all together by utilizing a second-layer solution.

“Ethereum, welcome to the #DAPPNetwork,” declared LiquidApps in a jubilant tweet. “Allow us to introduce you to #EOS. You two can communicate now – and maybe help each other scale.”

Building a bridge without blocks

LiquidLink connects the smart contract functions on EOS and Ethereum respectively, enabling developers to easily create dApps and then to deploy them on both networks, with the ability to easily configure settings for each as desired. Previously, deploying dApps on EOS and Ethereum has necessitated separate projects, akin to releasing an app for iOS and Android, to accommodate the idiosyncrasies and technical specifications of each one. As a result, developers have tended to select one blockchain at the expense of the other and to channel all their efforts there.

The trade-offs between different blockchain networks have included choosing speed and scalability over decentralization or vice-versa. LiquidApps’ dApp Network reduces the impact of these trade-offs thanks to a series of dApp Service Providers (DSPs). Developers are free to select as many DSPs as they desire, with a higher number equating to higher decentralization, albeit with a commensurate increase in costs. Thanks to the company’s breakthrough in uniting the world’s leading smart contract blockchains, users of Liquid’s dApp Network will soon be able to launch applications on Ethereum as well as on EOS.

Scaling to serve the next 100 million users

It was long been acknowledged that for blockchain networks to fulfill their promise to provide financial inclusion and open access on a global scale, they need to be capable of serving tens of thousands of transactions a second. In the future, tens of millions and ultimately hundreds of millions of users are predicted to connect to web3 platforms and applications, powered by decentralized crypto networks.

For users to switch to crypto-powered web3 applications, there needs to be greater incentives in place than simply greater privacy and sovereignty over personal data. Providing a level of service that matches the one users are accustomed to on the centralized web will be integral in convincing the masses to switch. Scaling solutions of the sort pioneered by LiquidLink play a small yet vital step in helping blockchain networks to scale and to power the next generation of dApps spanning multiple chains, use cases and verticals.

Cover image via www.123rf.com
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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📈 Price Predictions
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XRP Price On The Verge Of Breakout? Twitter Users Expect XRP Hit $1 This Year

  • Vera Yurina
    📈 Price Predictions

    Can Ripple touch the $1 level this year? Check out interesting opinions and XRP price predictions from Twitter users


XRP Price On The Verge Of Breakout? Twitter Users Expect XRP Hit $1 This Year

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

Failing to sustain high price level, XRP is keeping around $0.30. It might seem that Ripple’s XRP stands still all the time, but Twitter users have the opposite opinion. They are sure that big changes are coming, and XRP is simply accumulating power for the price to explode. Can Ripple go to the moon in 2019? What will drive its overwhelming growth? Check out XRP price predictions from Twitter users. 

The history repeats

According to the long-term price charts, Ripple might be repeating its history, and the scenario of 2019 can actualize this year, too:

If XRP breaks out of the current resistance zones, its growth would exceed $1 easily. Some traders are sure it has enough potential to touch the $5 level, too.

Are there any certain triggers of XRP growth? There’s a bunch of theories. One of them claims that Ripple will burn its immense reserves of XRP for its price to rocket:

Although the petition is started, Ripple Labs itself does not plan to burn its tokens – it might have too serious outcomes. 

Card

 Here is the golden section pattern that proves XRP might soar:

However, it’s simply an amateur approach: what works with fiats might not work with altcoins at all. 

Better make mid- and short-term predictions based on traditional technicals, such as Fib levels:

XRP won’t grow overnight 

The short-term XRP price predictions are positive:

But simple moves to $0.4-0.5 won’t make any serious difference. As for higher XRP levels, there is no 100% confidence that we can reach them in 2019.

Don’t rush to the conclusions

All in all, time will show whether Ripple is able of groundbreaking moves. Right now, there are no signs of Ripple going to the ceiling. As one Twitter user ironically noticed, Ripple will discuss how liquidity has changed before they know the numbers:

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Has #XRPArmy Turned Against Ripple? Not Really

Has #XRPArmy Turned Against Ripple? Not Really

The XRP conspiracy theory

This post simply could not stay unnoticed:

What we are witnessing now is how Ripple Labs manipulates its XRP stocks and buys/sells XRP in large amounts to shift the value of the coin. Will their efforts turn out to be fruitful? 

For some reason, XRP gets more attractive for other blockchains’ representatives:

Seems like they know something usual traders aren’t aware of. Does it mean Ripple is preparing for a major breakout? Everything is possible.

Meanwhile, Ripple’s bottom levels keep growing from year to year:

Thus, Ripple Labs keeps actualizing its plans, even though slowly. So even if it’s a non-profitable variant for shorts, it must be a great choice for long-term investors. Patience is the key. 

Cover image via 123rf.com
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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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