Every chain has its strengths and weaknesses when it comes to decentralization, scalability and security. Ethereum has expressive smart contracts, while Bitcoin is better at solving the double-spend problem—and its transactions are safe in reorgs. Is there a way to get the best of both worlds? To give Ethereum access to Bitcoin’s security while maintaining its very rich state? The team at Summa is solving this problem, working to capitalize on the unique benefits of each blockchain and use cross-chain communication to create interoperability as a service.
James Prestwich and Matthew Hammond are two of the three cofounders of Summa, a startup working to provide high-impact financial tools for the new economy. At present, the team is leveraging their expertise in blockchain architecture to create contracts that link assets across chains. Today, James and Matthew join us to share Summa’s mission to employ cross-chain communication to unify a fragmented ecosystem.
Follow James on Twitter: https://twitter.com/_prestwich
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Follow Mike on Twitter: https://twitter.com/MichaelDunwort1