Global Blockchain has announced that it is launching a service layer technology called Laser. Laser operates on top of any existing blockchain network and optimizes its functions – which includes the ability to operate with other blockchains. With these features, Laser seeks to play a central role in the growth of all blockchains by allowing interoperability. The Laser Network is built on a hard-fork of the Ethereum blockchain, the Laser blockchain.
As cryptocurrency growth has occurred, limitations for individual cryptocurrencies have become known with respect to how much market share each currency can possibly acquire. In spite of the fact that cryptocurrencies such as bitcoin, ethereum and litecoin are each major players, no single one of them can become the sole cryptocurrency.