Welcome back to another post guys and girls!
We have seen Bitcoin rally to yearly highs and the question we are asking and the thought behind this post is the following – how do you send value across the Bitcoin network or other networks in the crypto space? If you want to send me Bitcoin, but I want to receive Ethereum in exchange, how is this made possible? How can it be settled in seconds instead of the hours it currently takes for this transaction to settle?
We have spoken about interoperability. Interoperability is about various networks being able to interoperate and for it to be possible to send value across these networks.
We believe everything will be on blockchain in the future. This will allow anything of value to be purchased and exchanged through smart contracts on the blockchain. Whether this is material goods such as your TV and car, equities or commodities, it will all be tradeable on the blockchain.
This will not be tradeable via Bitcoin, however. This interoperability will all be made possible through platforms like the XRPL, Ethereum Virtual Machine, Codius, Spring, R3 Corda Settler Dapp. These are the platforms that are going to move value and they will bounce off each other as and when they need to scale.
Bitcoin might very well have a place in the future as a store of value and the new generations gold, but it most definitely not going to be used as a bridge asset with its 10 minutes to 12 hour transaction times. This isn’t to say it isn’t a good investment, however it simply isn’t going to facilitate the payments for trillions of dollars’ worth of payments yearly.
We know XRP is the standard bridge asset that will be used to facilitate the exchange of value on a global scale.
So, enjoy the ride, enjoy the bullish momentum in the market, go and accumulate and diversify if you feel the need to, but most important be happy and spread the love! Be back with another post soon!
Written by Dominic Zohreh
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