🗂️ Blockchain Industry | Cross-chain Bridges
· Definition: When wrapped assets are transferred back to their original chain, the process is reversed: the wrapped assets on the destination chain are burned, and the assets locked on the source chain are then released.
· How to understand it: Cross-chain transfers involve several additional layers of trust compared with transfers on the same chain: besides the two chains themselves, you also have to trust the bridge’s smart contract code and verification mechanisms.
· Note: For large cross-chain transfers, it’s best to try a small amount first and confirm it arrives before transferring the rest.
$ZRO 1.831(-6.39%)
· Definition: When wrapped assets are transferred back to their original chain, the process is reversed: the wrapped assets on the destination chain are burned, and the assets locked on the source chain are then released.
· How to understand it: Cross-chain transfers involve several additional layers of trust compared with transfers on the same chain: besides the two chains themselves, you also have to trust the bridge’s smart contract code and verification mechanisms.
· Note: For large cross-chain transfers, it’s best to try a small amount first and confirm it arrives before transferring the rest.
$ZRO 1.831(-6.39%)
