Uptick Network | The Future is Cross-Chain

Cross-chain interoperability is a hot topic in the current crypto space, and there’s good reason for it. We believe that in order to create a sustainable path for this new technological frontier, the ability to freely transfer digital assets across multiple blockchains is a vital step in achieving this goal.

Essentially, cross-chain interoperability allows the transmission of value across different networks. Every network has their weak-points and bottlenecks, and a certain drawback to staying inside a closed ecosystem. Doing so throttles innovation and technological progression, which is evident in the slew of scaling issues we are faced with today.

In the long-term, a blockchain operating in this isolated manor will make it extremely difficult for mass adoption to occur, and will consequently thwart consumers from being able to participate in the array of benefits that ledger technology brings to the world. Cross-chain technology solves a lot of these pain-points and creates a level of communication and data sharing that is just not possible without it.

Why is Cross-Chain compatibility important?

• Creates an efficient and easy way for users to transact across different blockchain ecosystems
• Cross-chain functionality enables cross-chain transactions for not only fungible, but also non-fungible tokens
• Promotes the use of multi-token wallet ecosystems
• Enhances the connection between public, private and consortium blockchains

Cross-chain compatibility allows different blockchains to communicate with each other, without intermediaries, and allowing networks to transfer value between one another. Businesses will no longer be extremely limited in the options that are offered to them, which means they will be able to transact with their clients regardless of the blockchain ecosystem they’re currently locked into. A successful blockchain ecosystem must ensure that these cross-chain transfers are cheap, fast and seamless, effectively enabling this new way of transferring value across networks.

Uptick Network is one of the major projects in the space leading the way in this regard, creating an environment where NFT assets can be freely transferred across multiple blockchain ecosystems. Uptick has already launched a cross-chain NFT service between Binance Smart Chain (BSC) and IRISnet, with plans to integrate a host of other major blockchains. Soon IBC (Inter Blockchain Communication) will be enabled inside the COSMOS ecosystem, which will create even more interoperability options for our users.

The Current Cross-Chain Climate

At last estimate, there are over 10,000 cryptocurrencies currently in circulation. Most of them are built on the Ethereum blockchain, but just as every blockchain has its own pros and cons, there are certain things that Bitcoin, Cardano and Litecoin can do that Ethereum can’t. So what happens if a user wants to utilize their assets in a different ecosystem? What if a project wants to reduce data transfer fees or change the speed of blockchain validation?

Originally, users had to achieve this via exchanges, where middle-men provide a token exchange, broadly like you might convert regular currency. One example is Wrapped Bitcoin, which lets Bitcoin holders swap tokens to get access to the Ethereum ecosystem. The problem is, that’s potentially very expensive, time-consuming, and gives the middle-men a disproportionate amount of power. The idea of centralizing that sort of influence undercuts the blockchain’s decentralized appeal.

This is where bridges step in. Blockchain bridges operate from one blockchain to another, or between a blockchain and a sidechain, allowing users to transfer things like NFTs from one chain to another without having to go through an intermediary. This means that transactions can be faster and cheaper, while networks have much more potential for scalability. A necessary step.

Chain interoperability is especially important with NFTs, given that it can feel especially restrictive having to choose carefully which NFT market to enter. And once you’re in a particular market, it’s impossible to transfer this value out of it, which is a big issue amongst the majority of NFT markets today. With its growing cross-chain NFT functionality, Uptick Network is unshackling its users’ wrists in this regard.

Which Projects Support Cross-Chain NFTs?

The largest cross-chain bridge project is Polkadot, founded by Dr. Gavin Wood, who also co-founded Ethereum and wrote Ethereum’s smart contract language. Polkadot aims to build a “Blockchain of blockchains.” Enjin’s Efinity project is built in Polkadot as an optimized platform for NFT users. Another cross-chain NFT protocol built on Polkadot’s economy is DNFT.

There’s also the NEAR Protocol’s well-known version, Rainbow, meant for Ethereum developers, and Conflux’s ShuttleFlow, a public blockchain with a cross-bridge that allows digital asset swaps between Ethereum, Binance Smart Chain, Huobi ECO Chain and OKex Chain. And of course there is COSMOS, who are building an 'Internet of blockchains’. As time goes on, more and more ecosystems will enable this functionality, realizing that it is a necessary step in achieving the true goal of decentralization and freedom of transfer.

What Are the Benefits of Uptick’s Cross-Chain NFT Service?

Currently with a bridge between two major blockchain ecosystems (IRIS & BSC), Uptick brings even better functionality to its users in its trademark accessible, and sleekly designed format. Although the underlying heterogeneous chain technology is different, we’ve created a seamless bridge between the two.

• Enables transfer of value between chains in around 1 minute
• The cost of transfers between IRISnet and BSC is only around $1.50
• Seamless interface to enable cross-chain transfers in just a few clicks
• NFTs are no longer restricted

The transfer of NFT assets between IRISnet and BSC is just the start. Uptick Network will become one of the first ecosystem marketplaces to enable IBC (Inter Blockchain Connection), enabling the connection to a host of different public and private blockchains. Uptick Network is commited on becoming the de-facto chain agnostic NFT ecosystem of the future, setting the interoperability standards for the wider blockchain space.

So if you’ve recently delved into the world of NFTs, or even if you’re a long time user looking to explore the potential of cross-chain compatibility, now is the perfect time to download the Uptick app and give it a try!

Download Uptick

Uptick app has officially launched on the Google Play Store!

Please search ‘Uptick NFT’ in Google Play, or use this link to download.

iOS users, please download the Testflight version.

Download link can also be found at: www.uptickproject.com

Uptick app is the world’s first decentralized full-featured mobile NFT app, based on the commercial-grade NFT infrastructure of Uptick Network. It safely and conveniently manages users’ digital NFT assets, supports the independent issuance, purchase, transfer, resale, and cross-chain transfer and interoperability of users’ NFT assets, focusing on the pan-entertainment and life service industry, forming a new creative economy for the Web 3.0 era.

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