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RE: LeoThread 2024-03-25 11:00

in LeoFinance7 months ago

#threadstorm
#outreach
#web3

What's is cross chain communication?

cross-chain interoperability emerges as a crucial feature for enhancing the functionality and utility of different blockchain networks.
It allows for the seamless transfer of data and value across disparate blockchain systems, which is essential for a more connected and efficient decentralized landscape.

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Cross chain communication helps in managing risk because due to it redundancy and fail over mechanisms it helps to enhance resilience and security in the blockchain network thereby reducing risk.

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Cross chain communication reduces congestion and addresses the issue of scalability during transaction across the platform it also fosters interoperability in the blockchain.