Unbridging: NEAR Protocol Approach to Cross-Chain Transactions
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About this video
Discover how the concept of "unbridging" can do cross-chain transactions. Learn how to transfer assets between different blockchains without the need for traditional bridge solutions. Stay ahead in the world of decentralized finance. #Unbridging #CrossChainTransactions #DecentralizedFinance #BlockchainTechnology #Cryptocurrency #AssetTransfer #CryptoNews #DefiSolutions #CryptoCommunity #BlockchainRevolution #NEARProtocol #ChainAbstractedpodcast #ChainAbstraction
Transcript
188 wordsCaptions as YouTube publishes them, usually machine-generated, so product and people names can be misheard.
- 0:00
mhm and that's really like the conception why I call it un bridging instead of bridging you're actually keeping stuff where it is and bring your account there and so you bring your like your you know account through this remote account system everywhere you want now there's some examples of like Bitcoin and eum where it's too expensive to do that there would be some similar to bridging like kind of approach where
- 0:23
for example for you can deposit them on the remote address and then you can M an nft on near and they can now trade nft in the way it is a bridge I could take an or roll if I had some like I could make like a Mir yeah so you take your near account right it will have a mirrored Bitcoin address you'll deposit or on that Bitcoin address and that will main an nft on there y like a okay is working on that
- 0:48
and so now this nft is just near nft you can sell it on the marketplace and then when somebody gets it they can unwrap it