Cross Chain Bridges
A Cross Chain Bridge connects independent Blockchains and enables the transfer of assets and information between them. As the long list of Layer 1 and Layer 2 Blockchains continue to grow, Cross Chain Bridges provide movement and progress towards a multichain future.
Why are Cross Chain Bridges necessary?
Blockchains operate individually
Allows Blockchains to be interoperable
Helps to move assets between different Blockchain networks
Transfer things such as Tokens, NFT’s and Funds
Can have the choice to use different Blockchains based on things such as: Low gas fees, Decentralization, Security, etc.
Better user experience for Crypto participants
What risks are there with Cross Chain Bridges?
Failure to work properly
Hacking, exploits and theft
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