According to Odaily Planet Daily, Angus Lamps, head of the Stargate Foundation, said at the Abstract Summit hosted by Connext today that for cross-chain asset transfer, the burning and casting model has unlimited scalability and does not require setting up Solvers or AMMs on different chains. The advantage of this model is that it can significantly reduce costs.
For example, transferring $330 million worth of Bitcoin only costs about $0.04. He also pointed out that multi-chain tokens are an effective solution to the problem of liquidity fragmentation.
