Bridges

Bridges

The blockchain bridge allows you to participate in an activity on another blockchain without selling your Bitcoins. It is a good option for those who do not want to go through the hassle of converting their Bitcoin assets into other cryptocurrencies or fiat and then back into the cryptocurrency they are transacting in. Blockchains make it possible for the networks to work faster, in a more stable way with fewer transactions. Some blockchain protocols are designed to handle high transaction throughput while others need more advanced application functionality and smart contract capabilities. These products can be perfect for combining these functionalities and reaching interoperability with other blockchains.

Blockchain allows networks to operate faster and more stably with fewer transactions. Developers can now benefit from this. One of the most popular examples of recently successful blockchain bridges is the bridge between Tezos and Ethereum. One of the easiest ways to make the blockchain protocol interoperable is to create a wrapped token. For example, wrapped Bitcoin (WBTC) tokens are ERC-20 compliant and can be used in the Ethereum ecosystem. For Tezos, the blockchain bridge allows Ethereum-based tokens to pass the wrap protocol and is compatible with the Tezos FA2 token standard.

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