What are Cross-chain exchanges?
What are Cross-chain exchanges? Blockchain exists with the goal of evolving and expanding the range of its applications around the globe. Blockchain technology has the potential to revolutionize finance, trading, and the capital market. However, its non-cumulative nature continues to hamper its widespread use. There are many different blockchain platforms that you can use, including first-generation ones like Bitcoin and third-generation ones like Avalanche. Each blockchain has its own separate chains. These chains are unable to come across or facilitate token trades that belong to different blockchain protocols. Interoperability is a major problem for anyone who uses blockchain and wants to trade different tokens on various blockchains. Many Ethereum protocols projects are interoperable, including Uniswap (Dave), etc. These projects can interact to trade cryptocurrencies and swap assets. Cardano has also created a sidechain protocol to allow users to transfer values between blockchain