What Is Cross-Chain?

Cross-chain allows for an exchange of information to jump between different blockchains. This type of technology is vital to make an intertwined network of systems, as it operates independently from the platforms that blockchains connect to.

Decentralised finance (DeFi) is a major industry in the cryptocurrency space that benefits incredibly from cross-chain, as users can move assets from one blockchain to another in the DeFi space. Cross-chain also allows for tokens to be moved from one chain to another, making a seamless design across multiple networks and giving more users flexibility and options on DeFi.

Key Takeaway

Cross-chain typically refers to technology that allows for interoperability between blockchains.

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