$ICP “INTEROPERABILITY ENDGAME”

$ICP “INTEROPERABILITY ENDGAME”

[Music]
welcome back and this is the
interoperability endgame and internet
computer is part of it internet computer
was chosen by the omnity network now we
have talked about this briefly on the
channel before but in today’s video
we’re going to go through what is the
omnity network why do they choose the
internet computer protocol and why the
omnid network is claiming this is the
interoperable ility endgame and as you
guys know I’m a big believer in the
definity team along with internet
computers ecosystem and I believe this
is going to be one of the top performing
cryptos of this upcoming cycle it
already has AI compute which also means
gaming compute Financial processing
smart contracts interoperability through
chain Fusion technology and now we heard
just this year in 2024 that the octopus
network has unveiled omnity pioneering a
fully decentralized cross chain world so
this is important because we’ve talked
about internet computers chain Fusion or
chain key signature technology which
allows the internet computer blockchain
to read and write data directly on other
blockchains through the chain key
signatures like the Bitcoin Network
which brings interoperability which
brings smart contract capabilities to
internet computer and these other
blockchains through this internet
computer bridging technology called
chain f Fusion now omnity is a different
network that is looking to do the same
type of thing this was created by the O
octopus Network and they announc the
upcoming launch of omnity which is
supposed to be launching the month that
I’m recording this video or slightly
thereafter slated for a release in the
middle of 2024 omnity represents a new
standard in blockchain interoperability
combining the ultimate user experience
of centralized products with the
benefits of
decentralization omnity stands at the
Forefront of the modular blockchain
paradig time a shift that brings
enhanced scalability and flexibility to
blockchain technology leveraging the
internet computer protocol developed by
definity omnity is an omni chain
protocol that facilitates the secure and
seamless transfer of data and assets
across various blockchains it’s the
ultimate endgame for cross chain
according to the octopus Network founder
he emphasized that om’s potential to
redefine cross chain interactions with
the internet of blockchains a concept
Central to the future blockchain
technology he said the launch of omnity
is not just technological Milestone it
marks a significant step towards a more
fluid and integrated blockchain
ecosystem we’re excited about the
collaborations with the octopus Network
and so as you guys know there’s been a
lot of development going on within the
internet computer blockchain and now
this Omni chain on internet computer is
crucial this video from omnity and the
octopus Network explains why omnity is
crucial for Bitcoin and internet
computer this video uh is with Viv who
is a TV
personality uh Financial time columnist
and former Rutter host and she’s going
to explain the difference now I’m gonna
have to mute this because they do have
music in it but I will be reading it to
you don’t want to get a copyright struck
uh but let’s listen and watch and by the
way this is the cryptoviser podcast we
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it is free to do so let’s listen and
read and hear what and why omnity is
important for internet computer and vice
versa hello everyone this is Viv now let
me tell you who we are what we do and
why it’s important to to you now I’m
going to narrate all the bitcoiners out
there she says omnity is a trustless
100% decent calized Omni chain
interoperability protocol built on the
internet computer developed by the
octopus Network now a little history
octopus Network sorry it’s going way too
fast I put it on 1.25 speed but clearly
she talks a lot faster than that octopus
network has been specializing in the
interoperability domain she says for
five years with solid track records we
received grants from the interchain
foundation to build substrate IBC and we
developed and implemented adaptive IBC
which is inter blockchain communication
to connect Cosmos to the rest of the
chain not to mention that we’re backed
by uh some
large uh companies like near Foundation
Electric Capital and dcg digital
currency group the owners of
grayscale she continues talking and
saying that while we’re working on IBC
designs we discovered the internet
computers unique
capabilities which allowed us to fulfill
the unfinished ambition which is to
create a perfect but invisible cross
chain Hub she says basically the smart
contract and internet computers teex
stack allowed us to replace ibc’s Peg
zones and light clients with ICP smart
contracts with the browser and wallet
taking over the role of the IBC
relayer she says and the benefits a
seamless trustless and secure user
experience with zero offchain
components omid’s mission is to connect
thousands of blockchains and facilitate
millions of cross chain transactions per
day she continues on in saying these
transactions will start with Bitcoin
Assets in late April that’s right that’s
the exact time when the Bitcoin having
takes place it already took place um the
first mission of omnity is to bring the
runes assets on the Bitcoin Network to
the ICP ecosystem as you may have known
the runes protocol which is nfts was
created by that guy the founder of
ordinals in the aim to enhance bitcoin’s
functionality while minimizing its
onchain footprint with its launch also
set at the having time which it already
has the runes protocol has already
inspired a range of projects in
bitcoin’s evolving ecosystem and yes
omni’s birthday coincides with Run’s
birthday for good reason because we
think omnity will provide the greatly
needly what that did not make any sense
we think that omn will provide the
greatly needed interoperability tools
for the booming runes ecosystem in the
Bitcoin space people will be able to
transfer Rune assets to ICP as a
starting point and Casey the founder has
expected the run’s ecosystem to hit1
billion doll market cap within the first
month of launch maybe a bit ambitious or
maybe not we will see but just think
about the huge potential for the ICP
Community uh with what omnity has to
offer our team will launch a very
interesting app she says in the end of
April to show you the powerful
combination of runes and
ICP we strongly encourage ICP developers
to use omnity to its fullest build
applications with runes and join the
exciting Revolution together and that is
omnity now effectively we are now at
that period of time and I believe that
um omnity sorry I believe that runes has
already launched one of the issues we
have though with the internet computer
protocol is the technologies that
they’re using to integrate they’re not
really getting like the definity team
the internet computer developers and
just the ecosystem of Internet computer
they’re not really getting
the um I don’t know the recognition that
I think that they deserve right the near
Foundation or the near protocol just
implemented chainkey signature
technology which is literally what
internet computer has been using for
years now and they just rebranded it’s a
chain Fusion technology which brings
interoperability at the base layer to
these chains but omnity is also doing
the same thing and again if you click on
coin Market clap coin market cap and
click on AI the the first protocol here
is near protocol it’s not even internet
computer like why is that why is that I
think that um there’s a lot of people
who still are not realizing the power of
what internet computer is or has already
available on chain I mean it’s far
superior in my view to Solana’s
blockchain and meanwhile we see a lot of
excitement about Solana it’s far
superior to the ton coin far superior to
xrp far superior to cardano um I mean
these are just based on the technology
that has already been developed and
deployed on the internet computer and
now this Omni chain experience through
omnity is bringing uh things to a
completely different level completely
different level definity posted this uh
with that video that I just showed you
on X they said omnity is a 100%
trustless Omni chain interoperability
protocol built on internet computer the
first mission of omnity is to bring the
runes assets the Bitcoin nwor Network to
the ICP ecosystem and omnity responded
thank you definity for the shout out
omnity chose to build on ICP because of
its unique capabilities with internet
computer smart contracts replacing ibc’s
Peg codes and like clients we’re
delivering a seamless trustless and
secure cross chain experience exciting
times ahead and I would agree exciting
times are definitely ahead in my view
for most of crypto but definitely for
these blockchains that already have
serious um you know implementations of
technology that are in the narrative
right now interoperability cross-chain
communication uh bridging of these
protocols but most importantly the AI
compute that internet computer has
already not only shown and demonstrated
but has live onchain on the blockchain
and so as we’re entering this new world
of you know cross chain protocols and
trafi connecting into the defi space I
think that the the
potential is larger than any any aspect
of this technology that we’ve seen thus
far and there’s a lot of protocols out
here in the top 10 top 50 that they have
no usage there’s no interoperability
there’s no building on it I mean xrp
there’s really not that much built on it
and there’s no interoperability cardano
same type of situation Dogecoin I mean
what is really going on with Dogecoin
not much ton coin it’s kind of like a
siloed ecosystem because it’s really for
the telegram uh ecosystem shibba enu
same kind of thing as Dogecoin although
they’re building a lot in the sharum uh
ecosystem but again you know out of
these top 50 coins even top 20 some of
these are Legacy coins from previous
cycles that are just in the top 15 top
20 just to be in the top 15 top 20 they
don’t really have any usage and or are
not in the same technological and
deployment level that you see internet
computer and a lot of these other you
know chains that I believe are going to
do extremely well and we talk about this
on a regular basis on this channel these
are just my opinions I could be wrong
about anything and everything that we
talk about so make sure you guys do your
own research do me a favor hit that
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do your own research and internet
computer on

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