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Across Protocol Stock

Across Protocol

ACX

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Across Protocol Whitepaper

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Across Protocol FAQ

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Across Protocol is a cryptocurrency designed to facilitate cross-chain transactions by leveraging a messaging protocol that enables secure and efficient transfers across different blockchain networks. Known for its speed and low cost, Across Protocol aims to optimize interoperability among disparate blockchain ecosystems, thereby enhancing the user experience by providing seamless connections between various cryptocurrencies. For comprehensive data and analysis on Across Protocol, such as market performance, historical prices, and current trades, you can visit Eulerpool.

Across Protocol stands out as a leading solution in the area of blockchain interoperability, concentrating on bridging the gap between different blockchain networks. This protocol utilizes an innovative method known as "intents," making it a distinctive choice for facilitating cross-chain interactions. Its primary goal is to tackle the complexities and challenges related to interoperability, providing developers and users with a seamless and efficient means to operate across various blockchain ecosystems. A key feature of Across Protocol is its use of UMA's optimistic oracle, which plays a critical role in securing cross-chain bridges, particularly for Layer 2 solutions and Roll-Ups. This integration ensures that the protocol can offer fast and secure cross-chain transfers without compromising security, a common concern in the blockchain space. The optimistic oracle mechanism allows for rapid verification of transfers, maintaining the integrity and reliability of transactions. Moreover, Across Protocol is designed with capital efficiency as a priority. It employs a single liquidity pool strategy, simplifying the liquidity provision process and enhancing the overall efficiency of the protocol. This approach, combined with a competitive relayer landscape, ensures that users can benefit from low-cost and swift transactions. Additionally, the protocol implements a no-slippage fee model, further optimizing the cost-effectiveness of cross-chain transfers. The protocol's dedication to security is evident in its design, which ensures that liquidity providers (LPs) or users are not exposed to protocol or finality risks. This aspect is crucial in building trust and ensuring a safe bridging experience for all users. Across Protocol's innovative design and focus on security, efficiency, and user experience position it as a significant player in the pursuit of seamless interoperability within the blockchain ecosystem. It's important for individuals to conduct thorough research and consider various factors before engaging with any cryptocurrency or blockchain technology.

How is Across Protocol secured?

Across Protocol implements a comprehensive approach to security, ensuring the safety and integrity of cross-chain transfers. Central to its framework, the protocol employs encryption to protect data, making it resistant to unauthorized access and tampering. This fundamental security measure is enhanced by rigorous smart contract audits. These audits, conducted by independent experts, thoroughly examine the smart contracts for vulnerabilities, ensuring that the code is robust and secure against potential attacks. Moreover, Across Protocol places significant emphasis on data privacy. By adopting strict data privacy measures, the protocol ensures user information remains confidential, further bolstering the security framework. Continuous monitoring and updates are vital to maintaining the protocol's security posture. The Across team actively monitors the system for any unusual activity or potential threats, allowing them to respond swiftly to any issues that may arise. Regular updates are also implemented to address newly discovered vulnerabilities and incorporate advancements in security practices, ensuring the protocol remains resilient against evolving threats. Integration with hardware wallets offers an additional layer of security for users. By supporting compatibility with leading hardware wallets, Across Protocol enables users to securely manage their assets, mitigating the risk of online threats such as hacking or phishing attacks. The protocol's security is further strengthened by its innovative use of an optimistic oracle, provided by UMA. This oracle is crucial in verifying cross-chain transfers quickly and efficiently, without compromising security. The oracle's optimistic verification mechanism allows for rapid processing of transfers while maintaining the integrity of transactions. Across Protocol's design prioritizes capital efficiency through a single liquidity pool and a competitive relayer landscape. This approach not only improves transaction efficiency but also contributes to the protocol's security by minimizing the attack surface associated with multiple pools and complex interactions. The no-slippage fee model and the protocol's focus on minimizing finality risk for liquidity providers (LPs) and users highlight its commitment to providing a secure and user-friendly bridging experience. By eliminating protocol and finality risk, Across ensures users can conduct cross-chain transfers with confidence, knowing their assets are protected throughout the process. In conclusion, Across Protocol's security is achieved through a comprehensive strategy that includes encryption, smart contract audits, data privacy measures, continuous monitoring, hardware wallet integration, and the innovative use of an optimistic oracle. This multi-layered approach ensures that Across Protocol remains a secure and reliable platform for cross-chain transfers.

What is the intended use for Across Protocol?

Across Protocol plays a crucial role in the blockchain sector by enabling seamless interoperability among different blockchain networks. This cross-chain bridge is developed to facilitate the swift and secure transfer of value between various chains, thereby improving the fluidity and accessibility of digital assets within the blockchain ecosystem. Its applications are wide-ranging, encompassing the consolidation of liquidity across decentralized finance (DeFi) platforms and enabling cross-chain functionalities for non-fungible tokens (NFTs) through collaborations such as the one with TeleOrdinal, which supports cross-chain bidding on NFTs. Central to the operational framework of Across Protocol is its integration with UMA's optimistic oracle, which significantly enhances the protocol's security and efficiency. This integration ensures that transfers are verified optimistically, enabling rapid processing times without compromising transaction safety. The protocol's focus on capital efficiency is demonstrated through its innovative use of a single liquidity pool, a competitive relayer landscape, and a no-slippage fee model. These aspects collectively reduce the cost and complexity of cross-chain transactions, making it an appealing choice for users looking for a dependable and efficient method to navigate the decentralized landscape. Furthermore, Across Protocol sets itself apart from other bridge solutions by eliminating protocol or finality risk for liquidity providers (LPs) or users. This ensures that users can interact with the protocol with confidence, knowing that their assets are protected against potential vulnerabilities associated with cross-chain transfers. In conclusion, Across Protocol is built to address the crucial need for interoperability in the blockchain space, providing a secure, efficient, and user-friendly platform for the transfer of value and liquidity between diverse blockchain networks. Its strategic use of UMA's optimistic oracle and emphasis on capital efficiency and security position it as a valuable tool for both individual users and DeFi platforms seeking to broaden their reach across the blockchain ecosystem. For more detailed information on Across Protocol, you can refer to Eulerpool.

What significant events have occurred for Across Protocol?

Across Protocol has established its presence in the cryptocurrency ecosystem through a series of significant developments and strategic moves. Initially, the protocol gained attention with the launch of its interoperability solution, designed to facilitate seamless communication and transactions between different blockchain networks. This foundational step was crucial in demonstrating Across Protocol's commitment to enhancing the fluidity of asset transfer across the blockchain landscape. Subsequently, the Across Bridge was introduced, receiving praise for its remarkable speed and efficiency. This bridge serves as a pivotal infrastructure component, allowing users to transfer assets between chains with minimized wait times and optimized security. The bridge's design, which utilizes an optimistic oracle for verification, ensures that transactions are not only fast but also secure, addressing common concerns around cross-chain transfers. The protocol's dedication to transparency and security was further highlighted by the verification of its organization through the domain across.to. This step provided an additional layer of trust and credibility, reassuring users of the protocol's legitimacy and commitment to operational integrity. Beyond these technical achievements, Across Protocol has actively expanded its network through partnerships and investments. These strategic alliances have played a crucial role in broadening the protocol's reach and utility, contributing to its growing recognition within the cryptocurrency community. The protocol's innovative approach to cross-chain bridging, combined with its focus on capital efficiency and security, has positioned it as a noteworthy player in the space. The protocol's progress has been reflected in an increase in price and trading volume, indicating growing interest and confidence in its potential. This positive momentum underscores the significance of Across Protocol's contributions to the blockchain ecosystem, particularly in promoting more interconnected and efficient blockchain operations. As the landscape of cryptocurrencies continues to evolve, it is essential for enthusiasts and potential investors to conduct thorough research and stay informed about developments within projects like Across Protocol. This ensures a well-rounded understanding of the opportunities and challenges in the dynamic world of cryptocurrencies and blockchain technology.

Investors interested in Across Protocol are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.