Cryptocurrency Q&A
How do cross chain tokens work?
How do cross chain tokens work?
EthereumEagle
Tue Nov 05 2024
|
7 answers
1393
I'm curious about cross chain tokens and how they operate. Could someone explain the mechanism behind these tokens that allow them to function across different blockchain networks?
7 answers
DigitalLordGuard
Thu Nov 07 2024
This process allows tokens to become accessible within a broader onchain financial ecosystem.
Was this helpful?
306
28
OpalSolitude
Thu Nov 07 2024
Once transferred, tokens can be utilized in various ways across different chains.
Was this helpful?
156
28
ShintoSpirit
Thu Nov 07 2024
One application is as collateral in decentralized finance (DeFi) protocols.
Was this helpful?
148
94
GinsengBoost
Thu Nov 07 2024
Cross-chain token transfer involves the migration of an asset from one blockchain network to another.
Was this helpful?
167
68
CrystalPulse
Thu Nov 07 2024
Another use case is for making payments across different blockchain networks.
Was this helpful?
180
69
Load 5 more related questions
