What is Connext Network? Why is it so important in the WEB3?

Problem

As we know, there are quite a lot of different networks in the world of cryptocurrencies you can like Ethereum, Avalanche, Moonbeam but problem is how to communicate with each other? That’s what the Connext Network was born for.

About Connext Network

Connext is a cross-chain liquidity network that provides fast, completely non-custodial transfers between EVM-compatible networks and L2 systems. It uses the Ethereum blockchain along with revolutionary distributed systems technology to provide instant and near-free transfers to anywhere in the world.

What can you build with Connext?

• Any to any swap — send any token, recieve any token
• xchain lending — deposit an asset on chain A, borrow another on chain B
• xchain Yield farm — move capital to harvest the highest Yields
• CEX to anywhere — bring tokens from any CEX to any chain
• xchain Governance — enable token holders to vote from any chain
• best trade dapp — find the best deals across any chain
• Cross-chain NFTs — wrap NFTs and bring them to any chain
• xchain staking — use any asset to stake protocol tokens

Go Cross Chain, Not Multichain

This is one of the main features of Connext. Connext allows you to call smart contracts on other chains and bring back calldata on the sending chain.
Builders don’t need to deploy on multiple chains: they can execute instructions from a central xApp.

But that’s all theory… let’s move on to practice in the next article “How to save your money with Connext? Saved means earned!” explanation in your $
https://medium.com/@connextutorial/how-to-save-your-money-with-connext-saved-means-earned-42b9615d285c

Connext links:
https://www.connext.network/
https://bridge.connext.network/
https://twitter.com/ConnextNetwork
https://blog.connext.network/?gi=f93ad637c612