Definition ∞ An interoperability platform provides the underlying technology and protocols that enable different blockchain networks to communicate and exchange data or assets. Its function is to overcome the isolation of individual blockchains, creating a more connected digital ecosystem. Such platforms facilitate cross-chain transactions and data sharing, which is crucial for the expansion of decentralized applications. They act as bridges between otherwise incompatible systems.
Context ∞ The current state of interoperability platforms is a key area of innovation within the blockchain space, with many projects striving to offer seamless cross-chain functionality. Discussions often revolve around security concerns related to bridging mechanisms and the trade-offs between decentralization and efficiency. A critical future development involves the standardization of interoperability protocols, which could significantly enhance the scalability and utility of the entire blockchain landscape.
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