Why is a cross-chain protocol like li.fi critical to web3’s development?

What is the difference between web3 and web2?

Web 2 refers to global websites that highlight user-generated content, usability, and end-user interoperability. web 2 is also known as participatory social networking. It does not refer to a modification of any technical specification, but rather to a modification of the way the web is designed and used. Transitions are beneficial, but it seems that this is not the case when changes occur. As creators of user-generated content in virtual communities, Web 2 allows for mutual interaction and collaboration in social media conversations. web 2 is an enhanced version of Web 1. Web browser technology is used for Web 2 development and it includes AJAX and JavaScript frameworks.

Web3 is a set of inclusive protocols that provide building blocks for application makers. Leveraging blockchain technology, unlike centralized Web2, Web3 uses decentralized tools to run. These building blocks replace traditional Web technologies such as HTTP, AJAX, and MySQL, but provide a completely new way to create applications. These technologies provide users with strong, verifiable assurances about what information they received, what information they gave up, what they paid for, and what they received in return. By empowering users to act for themselves in a low-threshold marketplace, we can ensure that there is less hidden space for censorship and monopolies.

and, for those new to web3, the first thing is to create a crypto wallet, like metamask, and save the private key. After that, you can explore in defi, use uniswap, the largest dex protocol, or borrow on aave.

multi-chain world?

With the development of various blockchain platforms, ethereum has long since ceased to be a monopoly. For crypto players, profit is an important reason for them to choose blockchain, and they migrate around like migratory birds in search of the best returns. And cross-chain infrastructure enables them to hunt with their money. cross-chain infrastructure greatly improves the efficiency of capital flow while blockchain remains decentralized, making the future multi-chain world possible.

li.fi?

li.fi is an Advanced Bridge & DEX Aggregation that can Cross-chain bridging, swapping, and messaging will drive your multi-chain strategy and attract new users from everywhere.

here are some of the benefits of using li.fi

  • Smart &/or Preferred Routing

  • Customizable & Monetizable

  • Service Level Agreements

As a user, you can use li.fi to securely and quickly transfer your assets across different blockchains.
As a developer, you can use li.fi’s simple and efficient sdk to develop your own dapps

In a nutshell, li.fi makes the future of a decentralized multi-chain world possible.If you haven’t tried li.fi yet, then come on in!

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