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Cross-chain
- “Cross-chain” refers to the capability or process of transferring digital assets or data between different blockchain networks. Each blockchain typically operates independently, with its own set of protocols and native tokens. Cross-chain functionality enables interoperability between these disparate blockchains, allowing assets or data to be exchanged or utilized across multiple chains.
- Cross-chain technology is essential for enhancing the overall functionality and usability of blockchain networks. It enables various use cases, such as decentralized exchanges (DEXs), asset tokenization, and decentralized finance (DeFi) protocols, by facilitating the seamless movement of assets between different blockchain ecosystems.
- This interoperability can help improve liquidity, increase accessibility to diverse assets, and unlock new possibilities for decentralized applications (dApps) and smart contracts.