Cross-Chain Interoperability Explained

Cross-chain interoperability allows different blockchain networks to communicate and share data. Why is it important? - Enables seamless asset transfers - Reduces fragmentation in the crypto ecosystem - Supports multi-chain applications Technologies like bridges, wrapped tokens, and interoperability protocols (e.g., Polkadot, Cosmos) are driving this trend. Challenges include security risks and the complexity of maintaining cross-chain compatibility.