From Cross-Chain Bridges to Interoperability Protocols

By: Isha Das

Cross-chain bridges have traditionally enabled different blockchain networks to communicate and transact with each other, but recent developments in interoperability protocols are revolutionizing the landscape.
Unlike conventional cross-chain bridges that require tokens to be locked on one chain and minted on another, interoperability protocols are designed to facilitate a more seamless and secure transfer of assets and information across multiple blockchain networks.
These advanced protocols employ technologies such as hash-locks, cryptographic proofs, and smart contract standards to verify transactions without the need for a central entity, reducing potential security vulnerabilities.
Furthermore, decentralized interoperability solutions can improve scalability and efficiency, paving the way for more complex and real-world applications, including decentralized finance (DeFi) and supply chain management.