Crypto’s decentralization promise breaks at interoperability
The article discusses the challenges faced by the cryptocurrency sector in achieving true decentralization, particularly regarding interoperability between different blockchain networks. Despite the promise of decentralized systems, many cryptocurrencies remain siloed, limiting their ability to communicate and transact with one another. This lack of interoperability hinders the overall growth and adoption of decentralized finance (DeFi) and other blockchain applications. The piece highlights the need for improved standards and protocols to facilitate seamless interactions across various platforms. Ultimately, the article emphasizes that without addressing these interoperability issues, the vision of a fully decentralized ecosystem may remain unfulfilled.
Read the full article: Coin Telegraph