The rise of blockchains like Solana, BNB Chain, and Aptos has led to a fragmented ecosystem, creating challenges for users and developers.
Issues of Fragmentation
Cryptocurrencies are no longer limited to Bitcoin and Ethereum. Today, there are numerous ecosystems, each with its own wallets, token standards, and limitations. This creates serious usability problems. Users are tired of managing multiple wallets, developers encounter isolated liquidity, and institutions are reluctant to build on technologies that do not integrate with the rest of the market.
What Interoperability Requires
True cross-chain functionality requires more than just bridges. It necessitates: * Seamless token movement between chains. * Unified identity layers for wallets and smart contracts. * Synchronized dApps that can operate across ecosystems. * Cross-chain governance. * Security without compromising decentralization.
A New L1 Designed for the Multichain Future
Kaanch Network is being designed with interoperability as a core principle. It offers: * Native cross-chain bridges. * .knch domains that work across chains. * High throughput support and transaction speed. * Community-controlled upgrades.
The issue of blockchain fragmentation requires urgent solutions to enhance system usability. Interoperability will be a key element in the evolution of Web3.
