1 / 5

How do blockchain bridges works19

The future is cross-chain and you can do that now a token bridge. A cross-chain bridge let's you launch your token on multiple blockchains and allow users send your tokens between chains. Launch your token on any EVM blockchain with our cross-chain bridge.

technosp
Download Presentation

How do blockchain bridges works19

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. How do blockchain bridges works Blockchainx

  2. What role do blockchain bridges play? It is possible to define these powerful connectors in a very simple way, by describing the function they fulfill. As its name indicates, they are in charge of connecting blockchains that by definition are separated or excluded from each other. Build a token bridge This connection that is made through them, allows you to send tokens from one specific chain to another and gives a new meaning to Andre Cronje’s phrase.

  3. The pre-bridge era The title does not allude to such a distant time, although as one of my mentors says “a week in DeFi , are months in the real world”, Build a bridge token therefore speaking of the beginning of 2020 sounds like a past decade.Those who participate in them abide by rigid and clear rules, previously established in the consensus of creation and validation of blocks. It is these rules that make it possible to eliminate the need for a third party to certify each movement.

  4. In this way, by different methods, these bridges permanently block liquidity on both sides . Cross chain bridge development For example, in the hypothetical case of wanting to send UST from Terra to BSC, we should check that the bridge we are going to use is liquid in UST on the BSC network. In this way, we connect our wallet to the bridge and send our UST from Terra to the bridge and these are “locked” on the Terra side . While on the other side, in BSC, the same amount of UST is released, from this network, to the address that we have specified.

  5. WEBSITE : https://www.blockchainx.tech/bridge-smart-contract-development MAIL : contact@blockchainx.tech COMPANY : BLOCKCHAINX

More Related