AI Summary
Show More
Quickly grasp the article's content and gauge market sentiment in just 30 seconds!
Blockchain technology has experienced a lot of improvements since the first cryptocurrency, Bitcoin, entered the scene in 2009. However, despite its monumental growth, the technology is still plagued with several challenges. One that’s frequently brought up is the lack of interoperability between blockchains.
The blockchain operating system works in a complex and seemingly individualistic manner, making it difficult for progress to be measured accurately. This is a concern for developers, who design the software architecture employed, and for businesses who use the blockchains.
Different blockchains are built differently, hindering interoperability and compatibility between networks. These blockchains can’t share information and data among themselves unless they undergo a process that consumes time, energy and other resources.