Interoperability and Its Role in the adoption of Blockchain Technology

Hacker Noon November 30, 2022
Gabriel Mangalindan

Blockchain technology (which enables the use of cryptocurrencies, NFTs, and more) is a distributed ledger technology that allows users to record and keep track of transactions within the network.

Blockchain technology enables users to track any held assets, create new assets, and spend blockchain-based tokens.

Blockchain’s distributed nature means no one entity is required to manage the network’s operations. Instead, the blockchain is secured by a network of nodes or miners who validate and process transactions.

While blockchains have many capabilities, being able to communicate with each other is not one of them.

Currently, most blockchains work individually, and connecting them will help improve the technology’s usability.

In addition, interoperability can improve the adoption of blockchain technology by enabling a...

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