The Role of Cross-Chain #technology in Powering a #decentralized #internet
▻https://hackernoon.com/the-role-of-cross-chain-technology-in-powering-a-decentralized-internet-
Blockchain is described as the technology to drive the next generation of the internet. Yet there are significant challenges to be overcome in regards to interoperability and scalability. One part of the solution is cross-chain technology.Image by 151676781@N07What is Centralization?The internet as we know it today is centralized. Centralization refers to a structure where one or a small number of entities control an entire network. At the moment, a small number of very powerful technology companies exert the most control over the internet. These few companies are known as the FAANGs (Facebook, Apple, Amazon, Netflix, and Google, with other companies like Microsoft and Twitter also in the oligopoly). These companies are powerful enough to set the terms for industry standards. Smaller (...)