FAQ About Web3

What is Web3 interoperability? Web3
one year ago | gizem

What is Web3 interoperability?

Web3 interoperability refers to the ability of different decentralized applications (dApps) and blockchain networks to communicate and exchange information with each other.

Interoperability is essential for the growth and development of Web3 as it enables users to leverage the strengths of different networks and protocols, and create new and innovative use cases that are not possible on a single blockchain network.

There are several approaches to achieving Web3 interoperability, including:

  1. Blockchain bridges are software protocols that enable the transfer of assets and data between different blockchain networks.
  2. Cross-chain smart contracts - these are smart contracts that are designed to operate on multiple blockchain networks simultaneously.
  3. Interoperability protocols are specialized protocols designed to facilitate communication and data transfer between blockchain networks and decentralized applications.