Cross Chain Basics

Cross Chain Technology

Most existing blockchains are isolated from each other, making it difficult for them to interact and communicate with one another. Cross chain technology was designed to fix this problem. Cross chain technology avoids reliance on a centralized entity, therefore avoiding third party risk such as abrupt withdrawal halts or even operational shutdowns, and gives users full custody of their crypto with the goal of facilitating a faster processing time at a lower transaction cost. This will make it easier for anyone with an internet connection to transact across different blockchain networks from anywhere in the world.
Last modified 2mo ago
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