Blockchain Interoperability 2.0: Laying The Foundation For A Multi-Chain Ecosystem

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Blockchain technology has already demonstrated immense potential to revolutionize many fields, including the traditional financial (TradFi) ecosystem. Its capabilities already deliver multiple benefits and convey extraordinary potential to enhance our digital world's security, transparency, and decentralization.

Although blockchain harbors many advantages, this emerging technology is not without its challenges, such as the scalability issue and the lack of interoperability between different blockchains. As blockchain technology is becoming more widely adopted, the need for interoperability among blockchains becomes more apparent.

The future of blockchain interoperability is a topic that has been debated for a long time. But the question remains: what is the best way for blockchains to communicate with one another?

In recent years, several promising solutions have emerged, such as cross-chain technology, that have addressed the hurdle of interoperability to an extent. But existing solutions are limited and usually work for blockchains that share similar technologies.

In this context, it is critical to realize that blockchain interoperability is all about the ability to transfer data and value across individual chains. With interoperability, the hundreds of scattered blockchain networks will finally be able to seamlessly transfer digital assets, such as cryptocurrencies, NFTs, and smart contracts, between each other.

There are many use cases for blockchain interoperability. One of them is the possibility to create a decentralized exchange (DEX) that offers the same services that