$NEAR
Attacks on cross-chain bridges have caused more than $2.8 billion in losses, prompting the blockchain industry to look for a safer model.
$NEAR Intents and SimpleSwap are driving an intent-based execution approach—rather than users directly transferring assets through traditional bridges, they only need to state their "intent," while a network of solvers competes to execute the transaction in the most optimal and secure way.
This model helps reduce dependence on custodial bridges, limits risks from smart contracts, and delivers a simpler cross-chain experience. If widely adopted, intent-based execution could become a new standard for cross-chain transactions, gradually replacing traditional bridges that have increasingly become targets for hackers.
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#NEAR🚀🚀🚀 #CrossChain
Attacks on cross-chain bridges have caused more than $2.8 billion in losses, prompting the blockchain industry to look for a safer model.
$NEAR Intents and SimpleSwap are driving an intent-based execution approach—rather than users directly transferring assets through traditional bridges, they only need to state their "intent," while a network of solvers competes to execute the transaction in the most optimal and secure way.
This model helps reduce dependence on custodial bridges, limits risks from smart contracts, and delivers a simpler cross-chain experience. If widely adopted, intent-based execution could become a new standard for cross-chain transactions, gradually replacing traditional bridges that have increasingly become targets for hackers.
Source Copy
#NEAR🚀🚀🚀 #CrossChain