Beyond Islands: Crypto Interoperability is the New Black
I’ve been following crypto development for years now. I think the technology is absolutely game-changing and I find that too few people are focussed on communicating why, rather than giving investment advice, speculation and such.
If it’s just tokens and speculation, then what are we doing?
- Charles Hoskinson
One of the things I have been excited about recently is this idea of interoperability between different chains — different crypto currencies. Building crypto-systems that can communicate with each other, in a lot of ways is reminiscent of the early work building out the Internet. Before we had The Internet, there were a lot of different networks, running all sorts of different communication protocols. At scale, this doesn’t make sense. Throughout the 70’s and 80’s a lot of work was done to unify and create a common protocol scheme for all of these networks. This is the reason you can just hop on any computer, and access everything.
In the same way, rather than crypto systems being their own small islands, interconnectedness will enable even further innovation within each system. If you are building a decentralized application on e.g. Ethereum, you should probably be able to access a service running on a different system.
