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Important definition to understand

Muwpayteam edited this page Mar 17, 2024 · 1 revision

# Introduction to Cross-Chain Technologies: Cross-chain technologies like bridges and atomic swaps enable asset transfers and interoperability between different blockchain networks. Bridges facilitate transfers by locking assets on one chain and minting equivalent assets on another, while atomic swaps allow for direct, trustless exchanges between users on different chains.

# Role of Bridges in MUWP: Bridges in MUWP enable single-token transfers across blockchains, providing users access to a wider range of assets and liquidity pools. For example, a bridge might help a user transfer USDT from Ethereum to Stellar with the most efficient route (aggregation of choices based on gas fees and plateform fees) , enhancing MUWP's cross-chain functionality.

# Atomic Swaps Enhancement: we plan to implement atomic swaps, offering an alternative to bridges by allowing direct and trustless token swaps. This method enhances the security and efficiency of cross-chain transactions, supporting more decentralized and resilient ecosystem interactions. and add an alternative if there is no optimal route

# Decentralized Exchanges: DEXes provide a decentralized marketplace for trading cryptocurrencies directly between users, ensuring that MUWP can offer a wide range of swapping options without relying on centralized price feeds, thereby enhancing the protocol's resilience and offering users competitive rates for their swaps.