Inter blockchain refers to the direct circulation of value across chains and obstacles between chains through a technology. The cross chain process needs to ensure the authenticity of cross chain information and the atomicity of the whole cross chain transaction. The atomicity of transaction means that when a certain link of transaction processing is stopped, the whole transaction can be cancelled without partial success and partial failure. The existing cross chain technical schemes mainly include notary schemes, sidechains / relays, hash locking and distributed private key control.
Cross chain demand: value flow between chains is limited. (1) At this stage, the barriers to interoperability among blockchain applications are very high, and cross chain information sharing cannot be effectively carried out. With the increasingly complex business forms of blockchain technology and the continuous enrichment of business application scenarios, the pain point of the lack of unified interconnection mechanism between chains has been amplified, which greatly limits the liquidity of the value of digital assets on the blockchain, and the demand for cross chain technology has been increasing. (2) Cross chain technology is expected to solve the performance bottleneck of blockchain. Blockchain technology itself has some problems, such as poor performance and insufficient capacity under single chain architecture. Single chain is limited by the trade-offs of decentralization, scalability and security. It is difficult to support business applications with high transaction throughput and low latency. In addition, as the running time of the blockchain increases, its storage capacity will gradually increase, and the growth rate of this data will even exceed the capacity of the single chain storage medium. Cross chain technology can connect multiple dedicated blockchains to a single composite network. The multi-layer Multi Chain Architecture of Multi Chain Cooperation through cross chain technology is an ideal way to solve the performance bottleneck of blockchain.
Significance of cross chain technology: it can realize the connection between alliance chain and public chain. Based on cross chain technology, the assets of the alliance chain can be connected to the global public chain, so as to obtain more extensive certification. For example, the main chain of spark chain network can conduct cross chain interworking with Ethereum test network, which technically verifies the feasibility of the self-designed cross chain system. The cross chain test and verification platform relies on the main chain of spark chain network, Ethereum test network and cross chain gateway to realize the reliable routing and trusted verification of cross chain transactions. At the same time, the cross chain test and verification platform of spark chain network will be open to the whole ecology.
Investment proposal and investment object
With the increasingly complex business forms of blockchain technology and the continuous enrichment of business application scenarios, the number of blockchain service providers with cross chain technology is increasing. Having cross chain technical capability helps enterprises expand the users and ecology of blockchain services, which is of great significance to the enterprise blockchain service market;
Cross chain technology is expected to solve the bottleneck of blockchain performance. With the increasingly complex business forms and rich business application scenarios of blockchain technology, the communication demand between chains will continue to increase. It is recommended to pay attention to the manufacturers Xinhu Zhongbao Co.Ltd(600208) (600208, not rated) and Shenzhen Forms Syntron Information Co.Ltd(300468) (300468, not rated) that have deployed cross chain technology.
Risk tips
The blockchain infrastructure construction process is not as expected; Blockchain investment is less than expected; The demand for blockchain application scenarios is lower than expected.
