Waves To Launch Blockchain-Agnostic Interoperability Protocol

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Russian open-source blockchain platform Waves is launching Gravity Hub, a blockchain-agnostic protocol resolving the interoperability issue.

Sasha Ivanov, founder of Waves platform and Waves Enterprise, announced the new project on Dec. 11 at the Waves Meetup in Berlin.

Trying to decide the problem of blockchain interoperability.

Gravity Hub is essentially a blockchain that doesn't have any tokens, but that can communicate with other blockchains, such as Waves platform, Waves Enterprise or Ethereum.

"The inability to share information across different blockchain networks, without restrictions has been a major hindrance to the development of the blockchain space. This has to be addressed one way or another, because we see that blockchain will now be developed within individual companies, individual ecosystems, and there will be a need for interaction. This solution makes mass adoption possible and let the industry evolve further."

According to Sasha Ivanov, Gravity Hub will provide interoperability at the protocol level as well as at the decentralized application level, allowing dApp to send a request to another dApp on a different blockchain.

Gravity Hub's nodes will be able to receive block headers from the Ethereum network and send them to the Waves platform.

If the Ethereum block header data is available on the Waves platform, it will be possible for fees to prove that a particular transaction has been made on Ethereum.

The Hub will also be connected to user chains, and Waves Matter, Waves' blockchain engine, "Can be assembled in any configuration for different purposes."

As Cointelegraph reported today, Waves and Russia's national energy grid operator, Rosetti, are testing a blockchain solution for payments in the retail electricity sector.

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