Decentralized finance is also known as DeFi for short, DeFi may completely change the way we see traditional financial services. DeFi is a movement that aims at making a new financial system that is open to everyone. Through DeFi many of the traditional centralized financial services that we have grown accustomed to, are available in a completely trustless, transparent, and efficient manner that does not require a central intermediary.

A major challenge faced by blockchain technology is an issue of interdependence and interoperability of blockchains; it had become tough for asset exchange to be complete between different blockchains. Thus, different blockchain main nets could not leverage the advantages or benefits of another blockchain. For this to be mitigated, it has become necessary to introduce the concept of cross-chain technology. Through cross-chain technology, transactions between blockchain main nets take place securely.

The rapid emergence and growth of blockchain technology have created a huge number of decentralized applications and platforms. However, the majority of these networks are operating in a separate environment, which limits the scalability and connectivity of the networks.

In recent times, the development of blockchain technology has been introduced to different sectors of the economy, especially the financial sector. This has introduced a crypto economy. This technology was further developed and taken to the next level where a decentralized and trustless ecosystem is created to remove the involvement of third-party authorities in transactions. This development was made possible due to the appearance of a smart contract.

Due to the independence between blockchains, it is tough for asset exchange to be complete between different blockchains. This implied that different blockchain main nets could not leverage the advantages or benefits of another blockchain. The different blockchain main nets are unable to communicate with each other. For this challenge to be combated, the concept of cross chain technology as well as multi cross chain technology was developed. This concept led to concepts like cross-chain transactions and blockchain interoperability.

We have discussed in detail the ClassZZ main net and the protocol it uses, as well as the advantage of the main net built to achieve unbounded scalability. In discussing tokens, we understood that the ClassZZ main net facilitates the transfers and transactions of native tokens. This is what will be referred to in this discussion.

Different blockchains exist around the world with each of them having its role, mechanism, and transaction methods. They, however, find it difficult to share data between themselves. Taking some steps back, it would be beneficial to recap a little on the essence of blockchain technology.  

1, Background Vitalik Buterin recently wrote an article on Ethresear.ch on the idea of a cross roll-up dex, that would allow users to exchange tokens between two roll-ups in a decentralized manner. The purpose of this article is, in essence, a brief report on the progress we have made at the Class ZZ (CZZ) community on this topic.

Cryptocurrency is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.