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What is cross chain circulation mining (cross chain gas)

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What is cross chain circulation mining

What is cross chain circulation mining and what is cross chain circulation mining Bitcoin was unearthed in 2016, with a value of approximately $10 billion at the time. With more and more blockchain projects entering the industry to invest, develop and use these technical solutions, Ethereum Network has also begun to gradually develop and improve and achieve the same purpose as Cryptocurrency such as BTC. Since the number of transactions processed on the Ethereum network per second exceeds 10 million (TPS), the cost is more than one million times the speed of traditional Internet payment (the average cost is about $20 at present). However, due to the serious network congestion in Ethereum and the high gas cost, some applications can only be run through smart contracts on Ethereum without the need to operate the public network infrastructure or underlying servers. Therefore, funds need to be transferred to different chains to meet various needs (such as DeFi ecology). So to address the above issues, Bitcoin adopts a bidirectional liquidity mechanism – a multi-party secure computing consensus algorithm At the same time, this mechanism also supports users to transfer assets across multiple blockchains, which can avoid the issue of fund exchange between blockchains across different regions. And this mode can ensure the safe transfer of assets between different blockchains without financial losses, thereby reducing the participation threshold for ordinary users. (AMBcrypto)

Cross chain gauss

Cross chain gauss Project Introduction: Gauss is a protocol used to support EVM (Ethereum Virtual Machine), which aims to enable blockchains to communicate with each other. Its main purpose is to implement cross chain operating systems on public chains such as Ethereum, Bitcoin and Tezos, and provide security for dApps on different blockchains There are currently three ways to use the Go language, including the cross chain tool gauss. finance developed based on Golang, the cross chain bridging solution gauss. im, and the decentralized asset exchange solution gauss. fi. (Medium)

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