Bitcoin
Bitcoin
BTC
$96,849.00
1d: +1.97%
7d: +4.02%
$96,849.00
+1.97%
Ethereum
Ethereum
ETH
$1,838.10
1d: +1.58%
7d: +4.05%
$1,838.10
+1.58%
Polkadot
Polkadot
DOT
$4.19
1d: +1.72%
7d: -1.89%
$4.19
+1.72%
Solana
Solana
SOL
$149.87
1d: +0.67%
7d: -0.78%
$149.87
+0.67%
XRP
XRP
XRP
$2.22
1d: +0.31%
7d: +1.83%
$2.22
+0.31%
Shiba Inu
Shiba Inu
SHIB
$0.00001348
1d: +0.88%
7d: -3.17%
$0.00001348
+0.88%

Bridge

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Table of contents
    1. 0.2. How Bridges Work
    2. 0.4. Types of Bridges
    3. 0.6. The Role of Bridges in Blockchain Networks

A bridge in blockchain refers to a protocol that connects two or more separate blockchains, enabling the transfer of assets and data between them. Bridges allow interoperability between different blockchain networks, facilitating cross-chain communication and helping to overcome limitations such as lack of compatibility between ecosystems.

How Bridges Work

Bridges typically work by locking assets on one blockchain and creating an equivalent asset on another. For example, when transferring Bitcoin to Ethereum, a bridge might lock the Bitcoin on its original blockchain and mint a token representing that Bitcoin on the Ethereum network. This process ensures that the value of the asset is preserved across blockchains.

Types of Bridges

Centralized Bridges: These bridges rely on a central authority to manage the assets being transferred, offering simplicity but introducing a level of trust risk.
Decentralized Bridges: These bridges utilize smart contracts and decentralized mechanisms to facilitate the transfer of assets without a trusted intermediary, offering greater security and trustlessness.

The Role of Bridges in Blockchain Networks

Bridges play a critical role in enabling interoperability between different blockchain networks. They allow users to move assets seamlessly between ecosystems, facilitating decentralized finance (DeFi), cross-chain applications, and improving the overall liquidity of the blockchain space.