Network Alliance

Definition ∞ A network alliance refers to a cooperative agreement between multiple blockchain networks or decentralized protocols. This collaboration aims to enhance interoperability, share resources, or collectively develop new functionalities. Such alliances seek to create a more connected and efficient ecosystem for digital assets and decentralized applications. They often result in improved user experiences and expanded utility.
Context ∞ News frequently covers the formation of network alliances as a strategy to overcome fragmentation within the blockchain space. These collaborations are seen as crucial for achieving broader scalability and adoption of decentralized technologies. The success of these alliances will largely determine the future landscape of cross-chain communication and shared liquidity.