Description: Blockchain interoperability refers to the ability of different blockchains to communicate and interact with each other. This allows transactions and data to flow seamlessly across multiple platforms, overcoming the limitations of isolated blockchains. In an ecosystem where numerous blockchains exist, each with its own characteristics and protocols, interoperability becomes a crucial element for maximizing the efficiency and utility of blockchain technology. The main features of an interoperable blockchain include the ability to perform cross-chain transactions, share information, and execute smart contracts that can interact with multiple chains. This capability not only enhances the scalability of decentralized applications but also fosters collaboration among different networks, resulting in a more robust and dynamic ecosystem. Blockchain interoperability is relevant in a world where technology fragmentation can limit innovation and adoption potential. By enabling different blockchains to work together, it opens the door to new opportunities and business models that can transform various industries, from finance to supply chain.
