Interledger Protocol (ILP) is a set of standards designed to facilitate the transfer of value between different payment networks and digital assets, making them interoperable. It acts as a bridge, allowing users to send money across various ledgers and platforms without needing a central entity. ILP enables seamless transactions across different currencies, whether traditional or digital, by breaking down payments into smaller packets that can be routed through multiple networks. Each participating network can validate and settle transactions independently.The protocol is open-source and encourages collaboration among various financial systems. This flexibility promotes innovation, as developers can build applications that leverage the ability to transfer value across diverse platforms effortlessly. Overall, ILP aims to create a more integrated financial ecosystem, enhancing accessibility and efficiency in value transfers.