Protocol interoperability describes the capability of different blockchain protocols to communicate and exchange data or assets with each other. This allows for seamless interaction between disparate blockchain networks, fostering a more connected and functional decentralized ecosystem. It is crucial for the expansion of decentralized applications beyond single-chain limitations.
Context
Protocol interoperability is a significant area of focus, addressing the fragmentation of the blockchain landscape. Current efforts concentrate on developing cross-chain bridges, standardized communication protocols, and shared security models. Achieving robust interoperability is seen as a prerequisite for realizing the full potential of a multi-chain future and enabling complex decentralized applications that span multiple networks.
Boundless introduces a novel Proof of Verifiable Work mechanism, positioning itself as a foundational layer for scalable and interoperable Web3 computation.
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