Cross-Chain Swap

Cross-chain swap refers to the process of exchanging digital assets from one blockchain network to another without the need for a centralized intermediary. This allows users to seamlessly trade different cryptocurrencies that exist on separate blockchains.

Through cross-chain swaps, users can diversify their crypto portfolios and access a wider range of tokens without relying on centralized exchanges. This can help increase liquidity in the market and provide more flexibility for users to manage their assets.

One common method for executing cross-chain swaps is through atomic swaps, which use smart contracts to ensure that the exchange is completed securely and without the risk of fraud. This decentralized approach eliminates the need for trust between parties and reduces the potential for hacking or manipulation.

Overall, cross-chain swaps play a key role in promoting interoperability between different blockchain networks, enabling greater flexibility and efficiency in the exchange of digital assets across the crypto ecosystem.