Uniswap Labs has unveiled 'The Compact', an open-source smart contract system aimed at improving cross-chain interoperability for decentralized applications and digital assets. This new system allows users to lock tokens for cross-chain operations while retaining control, utilizing reusable resource locks and programmable commitments to minimize cross-chain fragmentation. By eliminating the need for a single bridge or custodial solution, 'The Compact' simplifies interactions and enhances security across blockchain networks.