What Is Interoperability and Can It Be Achieved in the Blockchain Space?
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Interoperability has been used a lot lately concerning the blockchain space. It simply means that two or more blockchains can co-exist and operate with each other.
The blockchain space is currently scattered, with many isolated chains operating on their own — a universe for itself. For example, if one NFT is made on one blockchain and the other on another, it’s difficult to swap the two NFTs, as they are based on somewhat different protocols. It’s similar to installing an Android app on an iPhone — it simply isn’t possible.
For example, when Ethereum came to be, its developers didn’t think of the idea that Ethereum’s blockchain would have to be connected with other blockchains in a way. In other words, Ethereum cannot operate with other chains, which is a major obstacle. The same goes for the Bitcoin blockchain, which made the first major breakthrough, as its mysterious creator, Satoshi Nakamoto, couldn’t have predicted how things would unfold. He didn't know that many other blockchains would be used for much more than just cryptocurrencies.
But that is slowly changing, and many popular chains, including Ethereum and Bitcoin, are being redefined to allow for interoperability.
Cross-chain trading is the ability to trade cryptocurrencies from different blockchains. The good news is that some projects can capitalize from the chains that are being re-developed with an eye toward interoperability.
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One such project is called Primex, which is a
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