Blockchain Bridge

By: WEEX|2024/10/21 05:26:38

A blockchain bridge connects two separate blockchain networks, allowing assets, tokens, or data to be transferred between them. Since blockchains operate independently and use different protocols, they cannot natively communicate with each other. A blockchain bridge solves this issue by acting as an intermediary that facilitates interaction between the two networks. For example, a bridge could allow users to move their assets from Ethereum to the Binance Smart Chain (BSC) and vice versa, ensuring that decentralized finance (DeFi) users can take advantage of the unique features offered by both ecosystems. Blockchain bridges are important for enhancing the interoperability of different blockchain platforms and promoting a more unified and interconnected decentralized ecosystem. However, the security of these bridges is crucial, as any vulnerability can lead to loss of funds during the transfer process.

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