Investments Global Expert suggests Best Crypto Networks with Cross-Chain Technology to buy in 2022

London, UK — In the cryptocurrency market, blockchain is very crucial to the network. We have seen the expansion of blockchain all across the crypto world. However, cross-chain technology has become a topic now since it improves the procedure for crypto users across multiple blockchains.

Cross-chain is a technology that facilitates the connectivity of blockchain networks by providing the interchange of data and values. Ethereum introduced this idea to the blockchain’s problems considering its interoperability, connectivity, and scalability. This technology allows different blockchains to interact and connect by breaking down obstacles and boosting the applicability of crypto adoption.

Previously, companies that use cryptocurrency could only take funds from customers who used a similar blockchain as the company, limiting their ability to deal directly with other blockchain-based businesses. The cross-chain technology allows data and cryptocurrencies to be transferred directly from one blockchain network to the other. This technology is interoperable with various blockchains and focuses on improving the connection. It means that financial transactions across two entirely separate blockchains have now become easy.

Cross-chain bridge services generally support different blockchains; particular support varies between providers. One of the most popular features of cross-chain bridges is the ability to bring Smart Contracts, coins, and NFTs from the Ethereum mainstream to other blockchain networks. Binance Bridge, Celer cBridge, Cross-Chain Bridge, Umbria Narni Bridge, and Multichain are some famous cross-chain bridges. It is possible to exchange cryptocurrencies between various blockchains without the cross-chain bridge, but it is more costly and complex. Users must first transfer a cryptocurrency into fiat money, which requires costs. They then spend money to obtain the other required cryptocurrency, spending extra costs and taking more time. A cross-chain bridge allows users to trade one cryptocurrency for the other without initially converting it to fiat money. According to Troy Deloitte, a crypto expert at Investments Global, cryptos using cross-chain technology networks are a highly profitable investment opportunity to buy in 2022 due to their efficient solution.

5 Best Cross-Chain Technology Networks

Following are the top 5 networks that operate with cross-chain technology.

1. Solana (SOL)

Solana is a widely operational open-source platform that leverages the permission-less feature of blockchain technology to create decentralized financial (Defi) applications. The network intends to make it easier to develop decentralized apps (DApps). It plans to boost scalability by combining a proof-of-history (PoH) consensus with the blockchain’s underlying proof-of-stake (PoS) consensus. This new hybrid consensus methodology has attracted the curiosity of both limited and corporate traders. The Solana Foundation is pushing hard to make decentralized finance more widely available.

The native and utility token of the network is SOL, which allows for value transfer as well as blockchain protection via staking.

Solana has great potential because of an incredibly fast, cost-effective, eco-friendly blockchain, brilliant staff, and good community framework. Moreover, Proof-of-Stake blockchains like Solana have extensive political and government support.

Solana is currently ranked #9, with a live market cap of $13,027,407,000. The current price is $38.34, and the 24-hour trading volume is $1,396,079,148. In the previous 24 hours, Solana is down 4.43 %. The circulating supply is 339,807,514 SOL coins, and the maximum supply is not available.

2. Polkadot (DOT)

Polkadot is an open-source distributed data and multi-chain framework that links and protects a network of customized blockchains. It allows the cross-chain exchange of any data or asset and makes blockchains interoperable. The platform serves as the basis for Web3, a decentralized network of blockchains. Moonbeam is an innovative technology from Polkadot that is cross-chain interoperable.

Polkadot’s native coin is DOT. It enables simultaneous transaction processing and data transmission between chains while maintaining security.

The technological stack of Polkadot mainly relies on XCM (Cross-Consensus Messaging Format). It enables reliable connectivity among blockchains, protocols, and smart contracts. Furthermore, XCM is consensus agnostic, which means it interacts between blockchain systems with different consensus systems and ultimately across other networks such as Polkadot and Ethereum.

Polkadot is currently ranked #11, with a live market cap of $9,284,139,698. The current price is $9.40, and the 24-hour trading volume is $480,427,449. Polkadot has been down 1.45% in the last 24 hours. The circulating supply is 987,579,315 DOT coins.

3. Cosmos (ATOM)

Cosmos is a platform that drives an ecosystem of blockchains built to scale and communicate with one another. The team’s goal is to develop a system of blockchains that can connect to a decentralized network. It is a proof-of-stake cryptocurrency. The network describes itself as a platform that resolves some of the blockchain sector’s complex issues. By providing a network of interconnected blockchains, it intends to provide a solution to “slow, costly, unscalable, and environmentally destructive” proof-of-work systems. Another objective of the ATOM project is to make blockchain technology easy for developers.

Cosmos’ native coin is ATOM, a decentralized network that offers open-source resources for developers to design their custom interoperable blockchains.

Staking within the Cosmos network is straightforward and available to anyone, with different options available based on users’ preferences. Staking in Cosmos allows you to improve the environment while earning rewards.

Cosmos is currently ranked #29, with a live market cap of $2,611,508,796. The current price is $9.12, and the 24-hour trading volume is $190,179,362. In the last 24 hours, Cosmos was down 3.55 %. It has a total circulating supply of 286,370,297 ATOM coins.

4. Ontology (ONT)

The Ontology blockchain is an open blockchain that is fast and inexpensive. It offers decentralized identity and information services to Web3 to improve security, openness, and trust. The freedom to create blockchain-based solutions that meet their specific needs is provided to the users and companies while also guaranteeing compliance requirements.

The Ontology platform is powered by the cryptocurrency ONT. It provides holders with governance rights and staking incentives, such as cryptocurrency passive income.

Ontology’s Ethereum Virtual Machine (EVM) facilitates easy compatibility with Ethereum, the initial stage of the Ontology Multi-Virtual Machine, and additional chain interoperability. ONT is a project that aims to improve Web3 trust, transparency, and privacy by applying decentralized identity and data solutions. It is constructing the platform to give authorized access to Web3, allowing consumers and businesses to make sure that legally acceptable digital identity systems prioritize users and their privacy.

Ontology is now ranked #129, with a live market cap of $242,408,851. Ontology’s current price is $0.276960, with a 24-hour trading volume of $37,842,752. In the previous 24 hours, Ontology has dropped 9.76 %. It has a circulating supply of 875,249,524 ONT coins and a maximum supply of 1,000,000,000 ONT coins.

5. Wanchain (WAN)

Wanchain is a decentralized cryptocurrency that enables cross-chain transactions and multi-chain interoperability. Although this network supports transactions across blockchains, it is also a self-contained blockchain that operates independently. This protocol functions as a distributed ledger, processing and recording cross-chain operations. The network is decentralized, and no third party is required to supervise or approve transactions. The locked account technique secures and controls network accounts while preventing third-party involvement.

Its digital coin WAN is designed for the security transfers of cross-chain and to power blockchain-based digital transactions on the platform. Wanchain is currently ranked #460, with a live market cap of $40,037,537. Wanchai’s current price is $0.207769, with a 24-hour transaction volume of $972,034. In the previous 24 hours, WAN has dropped 2.83 %. There are 192,701,891 WAN coins in circulation, with a maximum supply of 210,000,000 WAN coins.

Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.

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