In 2021, some say crypto has entered a new era. The bull market is on, adoption is rising, and large institutions and corporations are entering the space. At the same time, however, there remains much progress to be made in some areas. Interoperability in blockchain might be one of those areas.
With so many competing blockchains, each with their own protocols, important projects remain isolated, unable to communicate with their peers. Or there may be tendencies toward centralization as a result of many services being built on a single blockchain. This can also increase difficulties regarding scalability when one network sees a steady, prolonged increase in users.
Read the full article on Blockworks: https://blockworks.co/cosmos-why-we-need-interoperability-in-blockchain/
