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09 Jan 05:03 AM
A blockchain bridge is a protocol connecting two blockchains to enable interactions between them. Thus, blockchain bridges enable what is called interoperability, meaning that digital assets and data hosted on one blockchain can interact with another. To use the Binance Bridge, for example, you will first select the chain you’d like to bridge from and specify the amount. Benefits of blockchain bridges The most important benefit of blockchain bridges is the ability to improve interoperability. Finally, blockchain bridges could expose the underlying protocols to risks related to the disparity in trust. A blockchain ecosystem linked by bridges is more cohesive and interoperable, opening up opportunities for better scalability and efficiency. Source - https://academy.binance.com/en/articles/what-s-a-blockchain-bridge?ref=AZTKZ9XS&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial $Qtoken #Qoneqt #QTO #Oboswap #BlockchainBridge #Decentralization #interoperability #dApps #DeFi #NFTs #Ethereum #Binance #polygon #cryptocurrency #CryptocurrencyNews
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