Why are crypto projects building cross-chain bridges?
Last count by CoinMarketCap revealed that currently there are over 10,000 cryptocurrencies in circulation. While most of these will be built upon the Ethereum, many are not.
In the current iteration, the value stored on each of those networks can only flow to others through exchanges. Plausible as it is theoretically, the role as the agency for the flow of wealth inside the crypto ecosystem has made exchanges incredibly powerful.
But that is about to change.
Lots of projects have been aggressively building what is called “cross-chain bridge”, which is essentially digital pathway…
What is Lollipop?
Lollipop is a 100% decentralized multi-chain farm and a cross-chain bridge protocol on Binance Smart Chain. After the construction of Lollipop Bridge is finished, Lollipop protocol will inject one million USD liquidity as the initial liquidity, 500,000 USD liquidity of which is on Binance Smart Chain, and the other 500,000 USD liquidity on Ethereum. Lollipop Bridge will conduct 0.5% fee as the team’s financial support.
Decentralized Cross Chain Bridge — Users can deposit USDT, USDC and DAI into Lollipop bridge and receive the same amount of token on other chains.
Community Governance — Lollipop is owned…