Cross Chain
Cross-chain refers to technology and protocols that enable interaction between different blockchains. This allows assets and data to move between chains that don't natively communicate, expanding what's possible in DeFi and crypto applications.
Understanding the Concept
• Bridges are the most common cross-chain solution • Enables using assets from one chain on another • Security varies widely between cross-chain solutions • Bridge hacks have resulted in billions in losses
Real-World Example
You hold ETH on Ethereum but want to use a DeFi app on Arbitrum. Using a cross-chain bridge, you lock your ETH on Ethereum and receive wrapped ETH on Arbitrum. This lets you access Arbitrum's lower fees while your original ETH stays secured on mainnet until you bridge back.
How Strykr Helps
Strykr tracks Cross Chain developments across the crypto ecosystem. Our AI provides real-time insights and alerts to help you navigate the market with confidence.
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