# kaal:claim:3396522-029

**Claim.** The interoperability deficit in cryptocurrency markets is partly intrinsic to blockchain technology itself, because the consensus mechanism that allows block propagation on one chain in some ways negates interoperability with other chains and their consensus.

**Type.** mechanism  **Support.** argued

**Source quote.**

> The lack of interoperability can in part be traced back to blockchain technology itself. The consensus created to allow block propagation in some ways negates interoperability with other chains and their consensus.

**From.** Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, *Stable Cryptocurrencies* (2019), IV. Stable Cryptocurrencies, 8. Interoperability, page 40

**Cite as.** Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019). SSRN: https://ssrn.com/abstract=3396522

**Verify.** sha256 of source PDF `ef5031b16aa53476ed618f0bdf92601cd4affb893692c701134bd9cba3ea8acf` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20et%20al.%20-%202019%20-%20Stable%20Cryptocurrencies.pdf

**Failure mode.** consensus-negates-interoperability  (family: interoperability-and-fragmentation)

**Topics.** consensus-and-security, blockchain, economics

**Keywords.** interoperability, consensus, blockchain-architecture, data-silos, market-structure

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