1,073
edits
Blockchain bridge: Difference between revisions
Jump to navigation
Jump to search
no edit summary
| [checked revision] | [checked revision] |
No edit summary |
No edit summary |
||
| Line 1: | Line 1: | ||
{{#seo: | {{#seo: | ||
|title= | |title= Blockchain Bridge | ||
|titlemode= append | |titlemode= append | ||
|keywords= | |keywords= Blockchain bridge | ||
|description= | |description= Blockchain bridge | ||
}} | }} | ||
<div class="mikio-article-content"> | <div class="mikio-article-content"> | ||
<div class="mikio-tags"> | <div class="mikio-tags"> | ||
</div> | </div> | ||
''' | '''This is an old version of the document!"' | ||
----- | ----- | ||
<span id="blokchejn-most"></span> | <span id="blokchejn-most"></span> | ||
= | = Blockchain Bridge = | ||
<div class="level1"> | <div class="level1"> | ||
'' | "A 'blockchain bridge' is a link that provides communication and interaction between two blockchains. | ||
Bridges linking two blockchain networks help [[commoninfo:dapps|dApps]] take advantage of both systems. For example, a DApp hosted on Ethereum and linked to the DecimalChain blockchain can use the functionality of Ethereum smart contracts, as well as the scalability of DecimalChain. | |||
Thanks to blockchain bridges, any data, information and tokens can be transferred between two blockchain platforms. | |||
''' | '''Blockchain bridges are regulated by the Mint-and-Burn protocol. The token transfer does not take place literally; rather, when a token is needed to transfer from one blockchain to another, it is burned on the first, and an equivalent token is minted on the other.''' | ||
</div> | </div> | ||
<span id="kak_rabotajut_blokchejn-mosty"></span> | <span id="kak_rabotajut_blokchejn-mosty"></span> | ||
= | = How blockchain Bridges Work = | ||
<div class="level1"> | <div class="level1"> | ||
As for public and private blockchains, blockchain bridges are divided into two categories - "Trustless" and "Federated". | |||
The 'Trustless-bridge' works more or less like a public blockchain network where anyone can join the platform without any permission. Just like Ethereum miners, users get an incentive to confirm transactions. | |||
Similar to a private blockchain, a 'Federated-bridge' requires a user to meet certain criteria and requirements set by the federation in order to be part of the bridge. | |||
</div> | </div> | ||
<span id="preimuschestva_blokchejn-mostov"></span> | <span id="preimuschestva_blokchejn-mostov"></span> | ||
= | = Advantages of blockchain bridges = | ||
<div class="level1"> | <div class="level1"> | ||
The emergence of decentralized finance can significantly reduce the gap between cryptocurrency and the traditional financial system. Moreover, according to experts, [[commoninfo:defi|DeFi]] solutions are able to close the issue of cryptocurrency integration into the financial world even faster than the leaders of the payment industry, such as PayPal or Coinbase. | |||
Blockchain bridges help reduce network traffic by distributing it across other, less loaded blockchains, thereby solving scalability problems. | |||
Instant payment processing is also a very useful blockchain bridge application. | |||
Ultimately, teams do not need to limit themselves to one blockchain if they want to strengthen the community of one with the performance of the other. | |||
</div> | </div> | ||
<span id="itogi"></span> | <span id="itogi"></span> | ||
= | = Results = | ||
<div class="level1"> | <div class="level1"> | ||
The existing bridges have been functioning in their current form for too little time, so they are still at the stage of adoption. | |||
Given the relative immaturity of this nascent field, it is inevitable that some bridge implementations are experiencing problems. | |||
Nevertheless, it seems inevitable that with the current focus on scalability and interoperability, bridges will become an integral part of the blockchain landscape of the future. | |||
</div> | </div> | ||
<div style="clear:both"> | <div style="clear:both"> | ||
</div> | </div> | ||
</div> | </div> | ||
[[commoninfo:dapps|DApps]] | [[commoninfo:dapps|DApps]] | ||
[[commoninfo:defi|DeFi]] | [[commoninfo:defi|DeFi]] | ||
[[Category:Commoninfo]] | [[Category:Commoninfo]] | ||