This article was first published on Hello ICON World - Medium
We are excited to announce the creation of the Blockchain Transmission Protocol (BTP) Working Group, a team of ICON core members along with a growing set of 3rd party developer groups. The BTP Working Group’s sole purpose is to fulfill ICON’s ultimate vision of becoming a blockchain of blockchains — an elegant web of interconnected networks aggregating all blockchain data into one layer. ICON is not just a blockchain, but an Aggregator Chain.
Over the coming months, we will be sharing the progress and growth of the BTP Working Group. We currently have three third-party developer groups (Edgeware, ICON DAO, and Web3 Labs) learning the BTP architecture and working on implementations. Their work will be easily replicable across similar blockchain ecosystems making aggressive BTP expansion a realistic opportunity. By the end of 2021, it is our goal to grow the BTP Ecosystem larger than any other interoperability solution currently available on the market; not only in the number of blockchain integrations but also in the number of tangible use cases.
To dive a layer deeper into the purpose of the working group, it will be going for both breadth and depth. Breadth is connecting to as many blockchain protocols as possible, while depth is developing multiple use cases within each ecosystem. Our initial use cases include native coin transfer between networks (e.g. ICX) and standard token transfer (e.g. IRC2 tokens). More advanced use cases entail fully decentralized cross-chain applications, such as a cross-chain yield aggregators, cross-chain exchanges, cross-chain money markets, and cross-chain NFT marketplaces, which will be the ultimate goal to achieve our vision of ICON as an aggregator chain. We imagine a future where developers can build complex applications that tap into different blockchain infrastructures, opening the door to countless opportunities across several blockchain ecosystems all powered by ICON ...
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Hello ICON World - Medium