Omnichain

Concept

In other words, it is a special messaging transport layer that allows data to be transferred between any connected blockchains without the use of cross-chain bridges or wrapped tokens.

The main value of Omnichain technology is that it is possible to combine incompatible Layer 1, Layer 2 networks and even blockchains that do not support smart contracts, such as Bitcoin.

Application

This is a major step in the development of decentralized finance (DeFi), which will allow us to abandon the use of wrapped tokens and work directly with native assets.

Thanks to this approach, developers will be able to create truly multi-chain applications that will have access to any connected blockchain and all its liquidity.

#крипта #binance #CryptoWiki