Crypto Pacitan : Chrypto

Chrypton

Abstract

The Blockchain technology faces some severe problems nowadays - mostly privacy, scalability, and interoperability. While scalability solutions are being developed, Chryp.to focuses on the privacy and interoperability of distributed ledger systems and their respective applications as the ability of open protocols to interact and communicate with each other offering extraordinary opportunities and could mean a new era for the Internet. In this Whitepaper, we will propose a multi-tiered blockchain solution for cross-chain interoperability.

Blockchain Challenge

New technology is gradually adopted by the community. It was first used by innovators, then taken by early adopters, and reached its peak when it spread to the early majority. As we progress from personal computers and cellular phones to the internet and social media, the time between innovation and adoption by the majority has shrunk significantly. The Blockchain technology is currently at the stage of initial adoption, but its market capitalization touched half a trillion dollars last year. That is a good indicator of what's coming. Unfortunately, blockchain technology is also facing some severe problems nowadays - mostly privacy, scalability and interoperability. While scalability solutions are being developed, Chryp. to focus on the privacy and interoperability of distributed ledger systems and their respective applications as the ability of open protocols to interact and communicate with each other offering extraordinary opportunities and could mean a new era for the Internet. With more and more use cases and industry-specific public and private blockchain created, we recognize the urgent need for interoperability and standardization. In addition, there is a lack of usability, as well as limited reviews (and access to) blockchain applications. Blockchain affiliate users on average interact with several address of wallets, exchanges, news aggregators, networks, applications, and dApps. With Network, Blockbox and Blockpit, Chryp.to also proposes solutions for easy access to the blockchain ecosystem and increased usability to encourage mass adoption.

How will interoperability work?

The most urgent problem with interoperability between ledger systems that are distributed differently is that they usually do not speak the same language. They are all made of a large number of variables, complex levels of consensus algorithms, transaction schemes and various smart contract functions. The solution to the problem requires exclusive technology that enables "intercultural communication" between all blockchain and applications. Chryp.to proposed a universal solution based on open protocol standards, as well as a standard multi-chain framework. Open protocol standards will offer universal standard and language mechanisms for blockchains to communicate and exchange values and data with each other,