LONDON, May 6, 2021 / PRNewswire / – Merkle Technologies aims to bring a revolutionary technology to market that will improve “interoperability” between existing blockchains such as Bitcoin, Ethereum and Binance Smart Chain. The concept of “interoperability” refers to the ability of ledgers to communicate with each other, thereby solving the problem of being dependent on a single ledger. It also improves the verification process and creates an efficient environment that offers security, scalability, and compatibility. With the help of the technology, users can also transfer their assets from other blockchains to the chain and vice versa.
Since its inception, the blockchain has grown exponentially, with many companies moving from traditional technology to using a blockchain-based architecture. It can also be used in various fields such as health, finance, supply chain, and education. Despite its great potential, one of the biggest challenges is having it in silos. This means that creating a common interface is difficult because the blockchains have different structures and mechanisms. Merkle technology has created a versatile and diverse architecture that overcomes all of these challenges.
While talking about the revolutionary technology, the company spokesman speaks Michelle Ryan emphasized its increased security and at the same time enabled communication between different ledgers.
“Merkle Technologies improves interoperability with the independent blockchains and checks blocks quickly without revealing any data. The data remains immutable and is not tampered with, which only proves that Merkle Technologies is a robust technology. Private and public blockchains can easily communicate with other existing blockchains can also interact with Merkle Technologies, and companies can easily start a small business. “
The company has also announced that it will introduce the trial version of the technology known as TestNet to the public November 2021 to look for vulnerabilities. This is followed by the start of MainNet in January 2022. The company is currently launching a crypto token called “MTT” to raise funds for the project. The first coin offering (ICO) begins on May 16, 2021. The ICO site is www.merklecoin.com.
This revolutionary technology is also likely to see mass adoption. It was designed to handle 10,000 TPS, which is far more than any other blockchain in existence. This aspect of scalability is compatible with various business-related applications and enables rapid delivery of data or transactions. Industries can apply it as the best business solution in their various business functions.
Michelle F Ryan
SOURCE Merkle Technologies