1inch Network has released a new white paper to solve the pressing challenges of cross-chain interoperability in the cryptocurrency space. The decentralized finance platform is developing the 1inch Fusion Atomic Swap Protocol, a hybrid solution that combines the security of traditional atomic swaps with the simplicity of the intent-based approach.

According to Anton Bukov, the co-founder of 1inch, the swap protocol's biggest advantage is the combination of frictionless user experience with cutting-edge technology. The new swap protocol will enable seamless cross-chain swaps, regardless of whether the tokens are on layer-1 (L1) or layer-2 (L2) blockchain networks, effectively "erasing network boundaries."

The white paper comes amid heightened interest in cross-chain interoperability solutions. At the beginning of August, Ethereum co-founder Vitalik Buterin unveiled plans to solve cross-chain interoperability between Ethereum L2s. Cross-chain interoperability is the biggest challenge in blockchain, as L1 blockchains are siloed systems with no means of communicating with one another.

The lack of compatibility between blockchains makes cross-chain infrastructure difficult to develop, leading to vulnerabilities in these third-party protocols. The 1inch Fusion Atomic Swap Protocol aims to address these challenges and provide a seamless, secure, and user-friendly cross-chain solution.

Source: https://cointelegraph.com/news/1inch-releases-cross-chain-innovation-white-paper

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