Definition ∞ Cross chain value pertains to the ability to transfer or utilize digital assets and data seamlessly across different independent blockchain networks. This concept addresses the inherent fragmentation of the blockchain ecosystem, enabling interoperability between distinct protocols. It allows assets issued on one chain to function or be exchanged on another, thereby enhancing liquidity and utility. Solutions for cross chain value often involve bridges or atomic swaps.
Context ∞ The realization of true cross chain value remains a critical technical and operational challenge within the blockchain space. Developments in interoperability protocols and bridge security are frequently reported, as these advancements are essential for the expansion of the broader digital asset economy and improved user experience.
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