Roborovskii Posted July 27, 2017 Share Posted July 27, 2017 From here : https://github.com/neo-project/docs/blob/master/en-us/index.md#cross-chain-interoperability-agreement-neox Quote Cross-chain asset exchange agreement: NeoX has been extended on existing double-stranded atomic asset exchange protocols to allow multiple participants to exchange assets across different chains and to ensure that all steps in the entire transaction process succeed or fail together. In order to achieve this function, we need to use NeoContract function to create a contract account for each participant. If other blockchains are not compatible with NeoContract, they can be compatible with NeoX as long as they can provide simple smart contract functionality. Sounds pretty much like ILP. Questions in my mind - will there be competing protocols as eco-systems develop? Will there eventually be one protocol that would dominate, or multiple protocols with overlapping use-cases and participants? Perhaps similar and overlapping protocol may eventually come to an agreement and merge? Hodor and Xi195 2 Link to comment Share on other sites More sharing options...
JoelKatz Posted July 27, 2017 Share Posted July 27, 2017 I think most likely there will be convergence on one protocol as there was for IP and HTTP. But it shouldn't be terribly difficulty for the protocols to interoperate if they only handle the escrow/transfer portion and don't intrude too much into transaction setup. Hodor, Roborovskii and RADDlSH 3 Link to comment Share on other sites More sharing options...
Hodor Posted July 27, 2017 Share Posted July 27, 2017 1 hour ago, Roborovskii said: existing double-stranded atomic asset exchange protocols Couldn't they come up with a longer name? Andi10 1 Link to comment Share on other sites More sharing options...
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