Thread by @solana_daily

UNDERSTAND CROSS-CHAIN BRIDGE

Currently, there are numerous bridges, which are constructed to connect Solana to other blockchains. But do we truly understand what bridges are?
Let's take a look with @solana_daily to understand the mechanism of bridges

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UNDERSTAND CROSS-CHAIN BRIDGE

Each blockchains can be considered as an independent nation, and cross-chain bridges serve as a tool for more convenience in trading goods between these nations.

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UNDERSTAND CROSS-CHAIN BRIDGE

The more the crypto market evolves, the more prosperous the market becomes. With the help of bridges, blockchains can connect together to serve the mutual benefit of the market.

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UNDERSTAND CROSS-CHAIN BRIDGE

Most bridges of the market now use the Lock-Mint-Burn Model.
They can be divided into 2 categories: Centralized Cross-chain Bridge & Decentralized Cross-chain Bridge

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UNDERSTAND CROSS-CHAIN BRIDGE

The Centralized Cross-chain Bridge required a trusted third party for transferring assets. Therefore, when choosing bridges for your own assets, please do your own research for bridges. Some example are: Binance Bridges,..

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UNDERSTAND CROSS-CHAIN BRIDGE

The Decentralized Cross-chain Bridge showed the decentralization. The more validators the bridges get, the more decentralized the bridge becomes.

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