TheBlock
2022-11-15 21:39:38

On the User Experience of Cross-Chain Bridges

Quick Take Interoperability protocols are becoming more relevant for the continued development of increasingly fragmented blockchain ecosystems. While most existing bridges provide a straightforward approach towards bridging assets, they introduce trade-offs that most users are not privy to. For mass adoption, understanding these trade-offs would be sub-optimal, so the focus would be on creating a seamless user experience, as LiFi has done. However, LiFi aggregates bridging options instead of bridge liquidity, though the latter introduces various technical challenges. As interoperability protocols grow more robust, they ultimately face the possibility of breaking transactions’ atomicity, though this possibility may not eventually be entertained.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.