What does the term "blockchain interoperability" refer to? 🔊
"Blockchain interoperability" refers to the ability of different blockchain networks to communicate and interact with one another. This enables the seamless transfer of data and assets across various blockchains, promoting collaboration among separate ecosystems. For instance, assets on one blockchain can be converted or exchanged on another without the need for a centralized intermediary. Achieving interoperability enhances the functionality and usability of blockchain applications by allowing users to leverage features from multiple networks, fostering innovation and expanding the potential for decentralized solutions.
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