Interoperable DLT refers to distributed ledger technologies that can seamlessly exchange data and value with other distinct ledger systems. This capability allows different blockchains or distributed ledgers to communicate and transact. It overcomes the isolation of individual networks, fostering a more connected digital asset ecosystem. Such systems facilitate cross-chain operations.
Context
The pursuit of interoperable DLT is a significant area of development and discussion in the blockchain space, often featured in news regarding ecosystem growth. Projects focus on creating bridges, atomic swaps, or standardized protocols to connect disparate ledgers. Achieving true interoperability is considered crucial for the maturation and widespread utility of digital assets and decentralized applications.
The Canton Network's atomic settlement of UST against USDC modernizes institutional financing, drastically cutting counterparty risk and optimizing capital mobility.
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