In programming lingo, a smart contract is a computer program consisting of self-executing pieces of code that execute when preset conditions are met. A smart contract is just like any other real-world contract, except it’s digital. This paper delves into the existing solutions that help to bridge these different blockchains by simply copying the code from Ethereum to other blockchains with minimal changes thus reducing transaction costs.Įthereum has become the functional layer of the blockchain and the smart contract world. There is no need for developers to use different technology stacks to reimplement existing Solidity backend contracts and dApp front ends. This connects the different silos of the blockchain with similar ecosystem components and toolkits requiring little-to-no change. The Ethereum Virtual Machine (EVM) makes it easier to transfer value between Ethereum and other blockchains without the need for new infrastructure.

For a dApp to have multi-chain variants, the code needs to be re-written in all different languages, which is extremely cumbersome. A value transfer system needs to be created that allows both the users and developers to leverage the solutions offered by these new chains.ĭifferent blockchains are written in different languages. These issues have become barriers to scalability and have led to the birth of other blockchains.Ĭross-chain integration and interoperability are imperative to overcome these barriers.

Ethereum as a network is congested, transaction speeds are low, and costs are high. Blockchain technology is, however, still far from mainstream adoption. Decentralized applications (dApps), built primarily on Ethereum, showcase the true potential of decentralization. Blockchain technology has prompted a massive shift from traditional financial architecture and has evolved from an electronic cash system to an all-encompassing technological breakthrough with diverse use cases.

Ethereum virtual machine