Bitcoin originally existed only on the Bitcoin blockchain. Why is there “Bitcoin” on Ethereum too?
One figure: another type of cross-chain solution swaps assets using liquidity pools on both chains. It doesn’t issue wrapped assets; what you receive is a native token on the destination chain.
Cross-chain transfers involve more layers of trust than transfers on the same chain: besides the two blockchains themselves, you also have to trust the bridge’s smart contract code and verification mechanism.
Remember this instead of memorizing a bunch of jargon. Be extra skeptical of projects promising high returns.
$ZRO and $W are the tokens of the cross-chain messaging protocols LayerZero and Wormhole, respectively.
One figure: another type of cross-chain solution swaps assets using liquidity pools on both chains. It doesn’t issue wrapped assets; what you receive is a native token on the destination chain.
Cross-chain transfers involve more layers of trust than transfers on the same chain: besides the two blockchains themselves, you also have to trust the bridge’s smart contract code and verification mechanism.
Remember this instead of memorizing a bunch of jargon. Be extra skeptical of projects promising high returns.
$ZRO and $W are the tokens of the cross-chain messaging protocols LayerZero and Wormhole, respectively.