Blockchain interoperability may be defined as executing several operations among the same blockchain. It is a process that can be used to connect different blockchains and they are also used to get rid of the need for an intermediary. when it comes to the transfer of assets and information. In the future, blockchain interoperability will be seen as a revolutionary concept because it will allow different blockchains to interact with each other and have external blockchains connect with internal systems. .One such blockchain that is set to see this occur is the Ethereum blockchain. Ethereum is a public blockchain built specifically for developers to use with its own cryptocurrency, Ether. It has a Turing-complete scripting language that allows developers to create applications of their own as well as decentralized autonomous organizations (DAOs) which are programs with no single individual in control It has a network that is not controlled by any single entity. Lisk operates on a Delegated Proof of Stake (DPOS) consensus model.
Blockchain interoperability is a process that can be used to connect different blockchains, and it is a key aspect of the development of blockchain technology. This process can be defined as executing several operations among identical blockchains and different blockchains. In the future, blockchain technology may lead to multiple blockchain systems connecting with each other without having to use third-party intermediaries. Blockchain interoperability is one of the most critical factors that can determine whether a particular cryptocurrency has a long-term value or not in the long term. If any blockchains could be connected with. each other and it is very easy, this can increase the value of the cryptocurrencies that can be used.The Interoperability of Blockchains is a very important factor in the success of cryptocurrencies. The blockchain that has more interoperability with other blockchains has a higher value than those that do not have such compatibility.
Interoperability may include transactions, data, or even smart contracts between blockchains.