24th January 2024 Digital Bytes

Blockchain revolutionizes digital ownership - with our digital age, the idea of ownership has changed. Physical assets have slowly been replaced by digital assets such as cryptos, digitized funds, equities, debt instruments, digital art, virtual real estate, and more. However, problems regarding building trust, proving reliability and preventing scams in the digital world continue to exist. The use of blockchain technology offers the potential to change how we both think about and handle digital ownership, and also usher-in a new era of openness, security and shared control.

Solving the challenges of seamless interoperability between blockchains - different blockchain networks now exist but cannot share data. However, linking these networks has become critical. As individuals expand this breakthrough technology, new blockchain projects arise. Transaction speed impacts scalability in various blockchains, but too many transactions and blockchains fail. Furthermore, network congestion deg…