Crypto’s decentralization promise breaks at interoperability

Crypto’s interoperability layer reveals a gap between the industry’s decentralization narrative and how value actually moves across blockchains.

Moving value across blockchains is now largely mediated by a small group of centralized intermediaries despite crypto’s long-standing claims of decentralization.

Michael Steuer, president and chief technology officer of Casper Network, framed this dynamic as a structural outcome of the industry’s approach to interoperability and user experience.

With a background spanning mobile gaming, enterprise software and early blockchain development, Steuer approaches the industry’s interoperability problem as a question of how real users interact with technology.

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