Cross-chain bridges explained in three sentences:
A common cross-chain method is “lock and mint”: the bridge locks assets on the source chain and issues an equivalent amount of wrapped assets on the target chain.
Cross-chain transfers involve more layers of trust than transfers on the same chain: in addition to the two chains themselves, you also have to trust the bridge’s contract code and verification mechanisms.
Before transferring assets cross-chain, confirm the bridge’s official website—fake cross-chain websites are a common phishing tactic.
$ZRO 1.553 (+5.93%)
A common cross-chain method is “lock and mint”: the bridge locks assets on the source chain and issues an equivalent amount of wrapped assets on the target chain.
Cross-chain transfers involve more layers of trust than transfers on the same chain: in addition to the two chains themselves, you also have to trust the bridge’s contract code and verification mechanisms.
Before transferring assets cross-chain, confirm the bridge’s official website—fake cross-chain websites are a common phishing tactic.
$ZRO 1.553 (+5.93%)