The future of crypto reveals a vision of interconnected blockchains allowing users to freely navigate between them, but this dream faces considerable challenges due to existing interoperability limitations.
Cross-chain bridges today are often insecure and have contributed to over $2.5 billion in hacks, which casts doubt on their reliability for transferring assets securely across networks.
ERC-7281 introduces a way to keep tokens fungible when bridging, ensuring users can exchange tokens 1:1 across chains without losing the asset's key properties.
This new standard enables protocols to retain control over their bridged tokens, reversing the current model where cross-chain bridges have dominion over the tokens being transferred.
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