Crypto trivia 📚 Cross-chain bridges
When wrapped assets are bridged back to their original chain, the process is reversed: the wrapped assets on the destination chain are burned first, then the assets locked on the source chain are released.
The same asset can end up as several incompatible wrapped versions when transferred to the same chain through different cross-chain bridges.
The most expensive thing in this space has never been the fees, but the cost of not understanding the rules.
$ZRO and $W are the tokens of the cross-chain messaging protocols LayerZero and Wormhole, respectively. Current price: 1.727.
When wrapped assets are bridged back to their original chain, the process is reversed: the wrapped assets on the destination chain are burned first, then the assets locked on the source chain are released.
The same asset can end up as several incompatible wrapped versions when transferred to the same chain through different cross-chain bridges.
The most expensive thing in this space has never been the fees, but the cost of not understanding the rules.
$ZRO and $W are the tokens of the cross-chain messaging protocols LayerZero and Wormhole, respectively. Current price: 1.727.