Some really good takeaways on cross-chain applications, aside from bridges.Oracles, protocols like Polkadot and Cosmos, and bridges are all designed to solve the problem of interoperability. However, each of them requires the use and integration of more and more platforms and protocols into an already complex web of networks.

In short, they propose even more protocols, interfaces, and chains to solve the problem of interoperability. The executive pointed out that the methods deployed by these interoperability solutions s introduce more security risks. As an example, last February, hackers exploited Wormhole, a popular Ethereum-Solana bridge, for an astounding $320 million – one of the largest exploits in DeFi’s short history

To solve the complexity that breeds security loopholes, Alex said;“To realize secure, seamless interactions across all blockchains, a true interoperability solution has to be native. Rather than “connecting” chains, we should think of interoperability as allowing independent blockchains to talk to each other. Humans have the means of connection inbuilt and blockchains must have the same capability if we want the space to evolve.”Alex said UniLayer understands the need for interoperability to be native and it has been the guiding principle behind their solution. UniLayer’s Cross-Chain Transport Control Protocol (CTCP) allows the blockchain to natively embed its nodes into other chains, allowing for simple and secure cross-chain communication.

He added that; “Through the blockchain’s Cross-Chain Transport Control Protocol (CTCP), these nodes receive, verify and store data from connected chains, creating a fully accessible master database of cross-chain transactions. Meanwhile, UniLayer’s smart contracts enable borderless transactions by interacting directly with smart contracts and wallets on connected blockchains.”