Bridging Mechanisms And Trade-Offs
This is part 2 of a series of posts exploring bridges in crypto, read part 1 here.OverviewAs we discussed in the previous post, bridges are, to put it in simplest terms, a communication mechanism between two siloed networks. And while we mostly use them for bridging assets today from chain A to chain B, they can be very generalised protocols, enabling much more use cases like:Money markets with cross chain borrow-lending.Mint NFT’s on a secondary chain and reserve the asset on canonical chain...
Bridging Mechanisms And Trade-Offs
This is part 2 of a series of posts exploring bridges in crypto, read part 1 here.OverviewAs we discussed in the previous post, bridges are, to put it in simplest terms, a communication mechanism between two siloed networks. And while we mostly use them for bridging assets today from chain A to chain B, they can be very generalised protocols, enabling much more use cases like:Money markets with cross chain borrow-lending.Mint NFT’s on a secondary chain and reserve the asset on canonical chain...
A Birdeye View Of Cypto Bridges
PrefaceWith the explosion of layer 1 chains post 2020 and the fast-paced demand for capital velocity across the chain by capital chasing incentives and opportunities, bridges are considered to be an essential utility. A running inside joke is that centralised exchanges are the best bridges, which used to be somewhat true, but market demand for non-KYC solutions is thriving. Blockchains like Bitcoin network, Ethereum, Avalanche, Solana, while great at making consensus and all the things we lov...
A Birdeye View Of Cypto Bridges
PrefaceWith the explosion of layer 1 chains post 2020 and the fast-paced demand for capital velocity across the chain by capital chasing incentives and opportunities, bridges are considered to be an essential utility. A running inside joke is that centralised exchanges are the best bridges, which used to be somewhat true, but market demand for non-KYC solutions is thriving. Blockchains like Bitcoin network, Ethereum, Avalanche, Solana, while great at making consensus and all the things we lov...
