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Interoperability has been used a lot lately concerning the blockchain space. It simply means that two or more blockchains can co-exist and operate with each other.
The blockchain space is currently scattered, with many isolated chains operating on their own — a universe for itself. For example, if one NFT is made on one blockchain and the other on another, it’s difficult to swap the two NFTs, as they are based on somewhat different protocols. It’s similar to installing an Android app on an iPhone — it simply isn’t possible.
For example, when Ethereum came to be, its developers didn’t think of the idea that Ethereum’s blockchain would have to be connected with other blockchains in a way. In other words, Ethereum cannot operate with other chains, which is a major obstacle. The same goes for the Bitcoin blockchain, which made the first major...
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