<p><img src="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-04/c69df5d2-9fee-4c38-8101-98d241b6256d.jpg"></p><p>The new protocol burns coins on the sending chain, and mints new ones on the receiving chain.</p>