We recognized there were several inefficiencies with the existing commonly utilized blockchains like Ethereum, Cardano, and others after working on numerous blockchain projects. The most serious issue was that these blockchain networks were unable to connect. You couldn’t buy ERC721 NFT using a BEP20 token, BTC, DOT, or BNB until Lithosphere. Blockchain networks must be in sync with one another for blockchain and DeFi to grow into the future we all want. Transaction expenses/gas fees are another challenges that networks like Ethereum confront. On the Ethereum network, almost every activity costs money.