【Quick explainer】How do cross-chain bridges move coins to another chain?
Cross-chain protocols need a mechanism to prove that the transaction really took place on the source chain. Common methods include multisigs or validator committees, light-client verification, and zero-knowledge proofs.
The value of wrapped assets depends on the bridge itself: if something goes wrong with the assets locked on the source chain, the wrapped tokens on the destination chain will lose their backing.
$ZRO is the governance token of LayerZero, a cross-chain messaging protocol.
Don't trade with borrowed money; it can cloud your judgment and lead to bad decisions.
Cross-chain protocols need a mechanism to prove that the transaction really took place on the source chain. Common methods include multisigs or validator committees, light-client verification, and zero-knowledge proofs.
The value of wrapped assets depends on the bridge itself: if something goes wrong with the assets locked on the source chain, the wrapped tokens on the destination chain will lose their backing.
$ZRO is the governance token of LayerZero, a cross-chain messaging protocol.
Don't trade with borrowed money; it can cloud your judgment and lead to bad decisions.