Interoperability

Interoperability refers to the ability of different blockchain networks and protocols to communicate, share data, and interact seamlessly with one another. This capability allows assets and information to move freely across diverse platforms, fostering a more connected and efficient ecosystem.

For web3 developers, designing applications with interoperability in mind means utilizing standardized protocols and considering cross-chain compatibility. Achieving interoperability can lead to enhanced functionality, user reach, and collaboration opportunities, as applications are not siloed within a single network but can leverage the strengths of multiple blockchains.

Examples of blockchain tech that improves interoperability include token standards, blockchain bridges and contract standards.