It has the appearance of being a formidable effort whose innovations, while not immediately exciting, will be critical advancements for blockchain to scale to the demands of open and mechanical mass-adoption. Despite the fact that it is surrounded by a lot of competition, it may be a place that is used by a wide range of businesses rather than one venture's stifling infrastructure.
The project aims to address the most pressing challenges that are now plaguing blockchain innovation. With state channel smart contracts and decentralised prophets, diverse ventures may form contracts without having to worry about bottlenecks or security.