"Interoperability And Some of it's Challenges In Blockchain Networks"
Assalam O Alaikum |
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Hello Steemians! Well come to my post. How are you all? I hope that you will be doing well by the grace of Almighty Allah. I'm also fine and enjoying my day. Today I'm here to share my knowledge about the topic "Interoperability And Some of it's Challenges In Blockchain Networks" in this Steem Alliance community. So let's start the task without any more delay of time.
What is the interoperability of Blockchain networks? |
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In the context of Blockchain networks, the interoperability is defined as the ability of Blockchain networks to interact with each other in terms of sharing data, information and do transactions in a seamless manner. A Blockchain network with low interoperability can cause various challenges for it's users as they will face delay in conducting transactions, exchanging their data and useful information from one Blockchain to another Blockchain network. Usually the interoperability affects the overall working of a network as everyone want to do seamless and quick transactions with one another.
Also all the Blockchain platforms transfer data and conduct the transactions without presence of any central authority thus it improves the security and transparency of a Blockchain network. A Blockchain platforms with high level of interoperability allow its users to keep an eye on every useful information regarding the sender, receiver and the buyer's data of different crypto currencies. Thus all types of information can be traced very easily due to the presence of high Interoperability.
Challenges Faced by Interoperability in Blockchain networks |
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Yes indeed there are many factors which can affect the Interoperability of a Blockchain network and due to this many challenges may be faced by the users in performing various actions such as communicating with other networks, conducted transactions and sharing other useful information. So let's have a look at some factors which can affect the Interoperability of a Blockchain network.
- Friends as we all know that every Blockchain network use different types of protocols and mechanisms to perform various actions so a difference in those protocols can affect the Interoperability of a Blockchain network.
As we all know that the scalability plays a vital role in the Interoperability of a network so if a network is facing scalability problems i.e remain unable to handle a large number of transactions than in that case its Interoperability may decrease.
Also the Interoperability depends upon the infrastructure of a Blockchain network so if a network having issues with its infrastructure such it remains unable to transfer data from one network to another, so in results the Interoperability decrease.
Every Blockchain network is composed of different network standards so the difference between the network compliance frameworks can also affect the Interoperability of a Blockchain network.
The privacy of Blockchain networks also plays a vital role in recognizing the Interoperability of a network because if a network is less secure i.e the users data is insecure then it doesn't matter that how interoperable that network is. As in this case users can't interest in such networks.
Conclusion |
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In conclusion, the interoperability is very important for a Blockchain network as it affects both positively and negatively. Also it can put some serious questions over the network which are very less interoperable and also on their security. Also it can affect the common standards and protocols which are set by the developers of that specific network. So it is very important to take a brief knowledge about the Interoperability of a Blockchain network before getting into it. In that post we have discussed about the Interoperability and some factors which affect it and I hope that you will like it. Now it is a time to say goodbye till the next article.
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Regards,
@jueco
Thanks bro for your evaluation 😊