What Are Cross-Chain Protocols?

in blockchain •  3 months ago 

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Cross-chain protocols are a big deal in the blockchain world. They help different blockchains talk to each other and work together, just like apps on your phone sharing data.

Here's a simple way to think about it: Imagine you have Bitcoin and Ethereum. Bitcoin is great for payments, and Ethereum is great for smart contracts. Normally, they don’t communicate with each other. But with cross-chain protocols, you can move Bitcoin to Ethereum or use both at the same time without any problems.

Think of it like a universal translator for blockchains. Polkadot and Cosmos are two examples of this technology. Polkadot connects multiple blockchains, letting them share information. Cosmos uses a hub-and-spoke system to link different blockchains.

In short, cross-chain protocols make it easier for different blockchains to work together, opening up new possibilities and making the whole system more flexible and powerful.

Click the link below to know about this…
https://www.coinsqueens.com/blog/multichain-crosschain-blockchain-bridge

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