What Are Cross-chain Contract Calls?
Cross-chain contract calls allow information, cryptocurrencies, or NFTs typically confined to their network to move freely between blockchains through smart contracts.
Cross-chain contract calls play a crucial role in achieving interoperability in Web3.
They enable users to seamlessly interact with any decentralized application (dApp) regardless of the blockchain they are using.
Simplifying Cross-Chain Transactions
Currently, users have to manually navigate between different chains to manage their assets while engaging with dApps through cross-chain bridges, which can be complex and time-consuming.
Cross-chain contract calls aim to eliminate the need for cumbersome processes of transferring funds between different chains, using bridges, and dealing with various native gas tokens.
By abstracting the complexities of cross-chain operations, cross-chain contract calls improve the user experience of Web3 and provide a seamless chain-agnostic environment.
This trustless and verifiable network connects users to other chains with the support of on-chain validators, creating a decentralized network where barriers are removed and users can effortlessly interact with dApps.
Use Cases of Cross-Chain Contract Calls
Use cases of cross-chain contract calls include NFT purchases, multi-chain yield farms, and liquidity pools.
For NFTs, users can utilize software development kits (SDKs) to facilitate the movement of assets and purchase NFTs in a single transaction, creating a seamless one-click NFT minting experience.
In the case of multi-chain yield farms and liquidity pools, cross-chain contract calls enable users to deposit liquidity into pools without bridging assets between different networks.