Summary
TLDR: Blockchain interoperability is crucial for mass adoption, but current projects are fragmented and lack a shared framework, leading to security risks. A shared framework is needed to simplify designs, enhance collaboration, and increase security in cross-chain solutions. Time is running out to establish this framework for the mainstream adoption of blockchain technology.
Key Points
1. Blockchain interoperability is crucial for the mass adoption of blockchain technology, allowing data to pass between distinct blockchain systems.
2. The current state of blockchain interoperability is fractured and poses a threat to mainstream adoption due to competing projects building ad hoc solutions that increase complexity and risk.
3. A shared framework for interoperability is needed to simplify design, reduce system complexity, prevent fragmentation, and foster collaboration between different interoperability projects.