The Significance of Cross-Chain Compatibility in the Blockchain Ecosystem
Dubai, UAE, 10th September 2024, Over the last fifteen years, the blockchain landscape has undergone colossal changes, evolving from solely Bitcoin, the industry’s pioneer, to a diverse range of blockchains, each possessing unique features, capabilities, and use cases. However, the expansion of a number of chains has led to fragmented ecosystems with limited interoperability. This has created a growing need for cross-chain compatibility, a critical factor in realizing the full potential of the crypto industry.
The Term Explained
Cross-chain compatibility is often confused with cross-chain interoperability, so let’s first distinguish between these terms. Cross-chain compatibility refers to the capacity of different blockchains to understand and process each other’s information. Cross-cha...