What is Crosschain?
Crosschain is a technology that increases the likelihood of interaction between two or more blockchains. Even if those blockchains differ entirely in technology, hash codes… With the arrival of Crosschain, any coin generated in blockchain A can easily be converted to blockchain B.
Crosschain allows blockchains to connect to each other as they are built in a standardized way. Crosschain implementation is primarily asset exchange and asset transfer, both of which are an important part of the blockchain world and are the main research directions of ECOCHAIN.
Advantages of Crosschain
• Interactability: Crosschain makes it possible for blockchains to interact with each other. This interaction can help combine the power of each platform to deliver a complete blockchain solution.
• Efficiency: Bitcoin can be widely used in Ethereum’s DeFi protocols without any barriers. This means that a large amount of liquidity can be easily created and migrated in different blockchain platforms.
• Practical application: When blockchains can interact with each other easily, the exchange between coins will become simpler than ever.
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