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    Vikshita Vitthal Gujaran in OBOSWAP

    03-Dec-2022 04:49 AM


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    What are Crypto Bridges? How do they work?

    Crypto bridges are essential for facilitating interoperability among various blockchains.
    Solana Wormhole Bridge, Avalanche Bridge, and Polygon Bridge are some of the popular crypto bridges used to move assets around, and each bridge presents unique advantages.
    Many projects tackle this problem by building crypto bridges between them to facilitate data and asset transfers.
    Usually, crypto bridges port tokens from one network to another by wrapping them, a process whereby the bridge locks the original token in a smart contract and creates an equivalent amount of wrapped tokens, such as WETH for ETH or WBNB for BNB.
    Therefore, a blockchain doesn't require bridges because each blockchain building on top of Layer 0 connects to other blockchains right from the start.
    The bridge went live later that same year.

    Source - https://academy.binance.com/en/articles/three-popular-crypto-bridges-and-how-they-work?utm_source=BinanceAcademy&utm_medium=Social&utm_campaign=Article

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