Cross-chain projects aren’t the shiniest products in Web3. They aren’t NFTs or games and are certainly not the most popular DeFi instruments.
Additionally, they now have a reputation for being unsafe. After the Ronin hack in March 2022, people realized that cross chains are particularly vulnerable to hacks because they have a central point of failure.
These cross-chain bridges create a pool of assets for which users foreign to a particular chain can exchange their assets. It is this pool of assets that are frequently attacked.
Despite this, these cross-chain bridges are excellent instruments for bypassing third-party exchanges and simply moving from chain to chain to complete a transaction.
However, not all cross-chain projects are the same. Some are safer, faster, and more reliable than others. We’ll be looking at five of the most interesting and exciting cross-chain projects you should check out in 2023.