Blockchain industry | How does a cross-chain bridge move coins to another chain?
When wrapped assets are transferred back to the original chain, the reverse process takes place: the wrapped assets on the destination chain are burned, and the assets locked on the source chain are unlocked.
Cross-chain transfers involve an extra layer of trust compared with transfers on the same chain: in addition to the two chains themselves, you also have to trust the bridge’s smart contract code and verification mechanism.
$ZRO and $W are the tokens of the cross-chain messaging protocols LayerZero and Wormhole, respectively. Current price: 1.883.
Every return comes with a corresponding risk, so think about the worst-case scenario first.
When wrapped assets are transferred back to the original chain, the reverse process takes place: the wrapped assets on the destination chain are burned, and the assets locked on the source chain are unlocked.
Cross-chain transfers involve an extra layer of trust compared with transfers on the same chain: in addition to the two chains themselves, you also have to trust the bridge’s smart contract code and verification mechanism.
$ZRO and $W are the tokens of the cross-chain messaging protocols LayerZero and Wormhole, respectively. Current price: 1.883.
Every return comes with a corresponding risk, so think about the worst-case scenario first.