What is cross-chain crypto?

What Is Cross-Chain Crypto?

Cross-chain refers to moving assets or data between different blockchains (e.g. from Ethereum to Polygon). This is done via bridges or wrapped assets. Cross-chain activity can have bridge risk (hacks, failures). When you move or swap across chains, ensure you use the correct network and address. In India, gains from cross-chain swaps are taxable when you dispose of the asset.