Merging Chains and Fork Wars

When Satoshi Nakamoto dropped the Bitcoin Whitepaper on January 3rd 2009 he/she/they did not merely launch a transaction platform as Musk did with Paypal. Rather Bitcoin was a fundamentally new ecosystem for cryptoeconomic organisms. One that stems from the deep underbelly of the dark web and academic cryptographers. Hence, the evolution of this ecosystem had a stagnant and dimly lit start with mainly doubt about its future. Almost all the development went into basic scalability and transaction throughput. That all changed with the advent of Ethereum. Ethereum’s ability to provide Turing-complete scripting within a decentralized system of consensual nodes 𝘤𝘩𝘢𝘯𝘨𝘦𝘴 𝘵𝘩𝘦 𝘸𝘢𝘺 in which these transnational ledgers evolve. So what does that all mean and if it changes the way, in what mode do we see Bitcoin begin to differ from traditional money?

Ok, so this is more to take in and most of it is going to be riddled with cryptographic jargon, but the bigger picture is an entirely new model of business. So traditionally the power of cryptonetworks was their decentralized mantra and open-source technology. However, every-time there was a new discovery or invention, developers had only two choices to implement their work. Either they launch an entirely new chain with native tokens of their own, or they go through the pain of trying to implement a proposal onto Bitcoin which they would need miners approval to actually upgrade the protocol.

So how is this time different? Well, this time we are going to have cross-chain interoperability thanks to https://polkadot.network (Gavin Wood/Parity)and https://cosmos.network/ (Jae Kwon). This means that soon enough you can actually reference data on one blockchain using a completely different chain.