Cryptocurrencies have proliferated and grown so much over the last decade, providing an alternative to traditional forms of financial asset. But as they’ve grown, the blockchains supporting them have sprung up completely independently, with very little ability for connectivity or transfer between them. This is where Hyperlane comes in, with its platform offering to help developers connect applications across blockchains.
Connection could already be made, through cross-chain bridges which support the movement digital assets from one chain to another, but these are often weak and targeted by hackers, resulting in $2 billion in losses each year. Hyperlane offers new tools with the enhanced security to make these connections safely.
The company is pioneering in its approach, and has attracted attention for creating the possibility of launching cryptocurrency into a new, more universal era. Funding is being focused on expanding the team as well as development of product security.
Freddie
Company Specialist at Welcome to the Jungle
