South Korea’s largest public blockchain, ICON, has released its Blockchain Transmission Protocol, allowing individual blockchains to interact and communicate with each other.
ICON (ICX), South Korea’s largest public blockchain project, released its Blockchain Transmission Protocol (BTP) on May 28.
The protocol enables interoperability between individual blockchains, facilitating value transfer, service invocation and data exchange.
Connecting the chains
As blockchain technology has evolved, the multitude of competing networks springing up have largely been content to isolate themselves, occasionally looking at others for inspiration, but rarely fully interacting with one another.
ICON however, has always stated its mission to “Hyperconnect the World”, and this latest release is a large step towards that goal.
BTP is an interoperability protocol, which allows distinct stand-alone blockchains to interact and communicate with each other, including those with completely different consensus models and algorithms.