The ICON project is one of the big projects in South Korea in particular and the world in general.

The ICON project is now enabling interoperability across its core network, as part of an important protocol update revealed by project management earlier this week.

The development represents an important step towards achieving what is termed as “hyperconnectivity”, which is one of the project’s goals.

Interoperability Benefits:

ICON project management explained via statement Preferably, how the new protocol will allow the transmission of blocks over the Blockchain (BTP) and the possibility of interoperability between different blockchain networks, which helps to transfer value between projects, provide several distinct services, and the ability to exchange data between these networks.

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The BTP mechanism provides an important and decisive update in the future of cryptocurrencies, as it allows and enables cross-chain interaction with each other, in addition to the possibility of adopting thousands of individual and fragmented blockchain interfaces, as well as the possibility of linking the public to private blockchains despite their dependence on different consensus algorithms.

Verification of data over the main network is made possible via the BTP mechanism with the ability to deal with different blockchain networks.

The ICON project still aims and aspires to implement many distinct ideas related to decentralized identity and the creation of DAOs using data from different blockchains as input.

The official blog referred to above indicates that the transfer of tokens across different blockchain applications is a major development, and adds by explaining:

BTP facilitates this transfer directly through smart contracts, from one chain to another without using a central trading platform, at the protocol level.

Super Connectivity:

An example of a BTP operating protocol is Broof, a native implementation of ICON that allows the issuance and storage of verified certificates on the blockchain.

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In this regard, BTP helps to enable automation in a private network, with the release being linked to a side network called “Broof”.

At the same time, to take full advantage of the features of BTP, the “sender” blockchain must have a “final” block and the participating blockchains must support smart contract operation.

Since irreversible results are sent to the recipient (by virtue of the nature of the non-modifiable blockchain), the message data is verified via a smart contract.

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However, blockchain services that do not support smart contracts can only participate in BTP as a sender and not as a recipient.

While individual implementations of BTP connect two blockchains, one can use other implementations to connect to more different blockchains and eventually create a huge network.

BTP 0.5 Proof of Concept is now available on github.

The mechanism and new development are currently under review before final acceptance.

Read also:

ICON project launches smart contracts feature with more improvements

Learn about the ICON project partnership and ChainLink project details