Since the inception of Bitcoin (and its underlying blockchain concept) in 2009, several other cryptocurrencies both similar and dissimilar have emerged. Although technologically and socioeconomically disruptive, most of these peer-to-peer transaction mechanisms have their own limitations. Issues such as slow transaction speeds and transaction confirmations, an inability to interoperate blockchains with one another (e.g. cannot easily transact Bitcoin for Ethereum), and incomplete anonymity of users have hindered wide-scale deployment. These topics have been widely researched, in pursuit of a solution for each of these shortcomings.