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Episode 229: Going Cross-Chain with Polkadot’s XCM
Zero Knowledge
X M Token Transfers - What's Happening?
X amd pis like the postal system, and x m is like we can understand what a check as a document is. So when it comes to token transfers, that's one of the things that you can do with x c m. There are a couple different ways to do it - taliporting or reserve transfer. You need to for sure trust that this chain will not mint and burn irresponsibly. The same sort of security guarantee they would have with upgreadable contracts on onitherium or some other smart contracting platform.
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