What is Blockchain Interoperability?

Blockchain interoperability refers to the ability of different blockchain networks to communicate, share data, and transfer assets between each other. Traditionally, blockchains operate as separate entities, each with its own rules, assets, and technologies. Interoperability bridges this gap by enabling blockchains to work together, making it possible for users to move assets, like cryptocurrencies or tokens, from one blockchain to another.

This interoperability is achieved through various protocols and technologies that allow different blockchains to interact securely and efficiently. These solutions include the use of cross-chain bridges, which facilitate the transfer of assets between blockchains, and interoperability protocols that enable the exchange of data and assets without needing to rely on a single, central authority.

The goal of blockchain interoperability is to create a more connected and flexible blockchain ecosystem, where users and developers can take advantage of the unique features of different blockchains without being limited to one specific network. This increases the overall functionality and usability of blockchain technology, enabling broader adoption and integration across various applications and industries.