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Since the rise of Bitcoin and its distributed ledger technology, known as Blockchain, many more Blockchains have entered the playground. Ethereum is one of the best-known Blockchains for its ability to create smart contracts, which are basically if-then-conditions. Other popular Blockchains are IOTA, EOS, Cardano, Tron, NEO and many more. Due to several different technologies, interoperability between them is nearly non-existing. Hence, some first few signs of progress have been made recently by Bitcoin and Litecoin (who essentially share 99% of the same DNA), which can automatically swap each cryptocurrency for each other.

Taking this fact into consideration, it’s no surprise that the whole market is lacking standardization. Nearly all Blockchains are isolated by each other, using different kinds of smart contracts, token and collectibles concepts. Even Ethereum, the market leader, does not yet have standard programming for collectibles, which makes it hard and time-consuming to trade different collectibles between apps. It’s like the Internet before TCP and HTTP became the standard of communication on the Internet. Before that, everything had been chaos and many websites simply ran in isolated systems, called Intranet. Sounds familiar to the Blockchain Status Quo?

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