A lesson from a mistake I made: I didn’t understand this at first.
A common way to bridge assets is “lock and mint”: the bridge locks the asset on the source chain and mints an equivalent wrapped asset on the destination chain.
Cross-chain transfers involve an additional layer of trust compared with transfers on the same chain: besides trusting the two chains themselves, you also have to trust the bridge’s smart contract code and verification mechanisms.
$ZRO and $W are the tokens of the cross-chain messaging protocols LayerZero and Wormhole, respectively.
What’s your take on this? Feel free to discuss in the comments.
A common way to bridge assets is “lock and mint”: the bridge locks the asset on the source chain and mints an equivalent wrapped asset on the destination chain.
Cross-chain transfers involve an additional layer of trust compared with transfers on the same chain: besides trusting the two chains themselves, you also have to trust the bridge’s smart contract code and verification mechanisms.
$ZRO and $W are the tokens of the cross-chain messaging protocols LayerZero and Wormhole, respectively.
What’s your take on this? Feel free to discuss in the comments.
