Crypto Bridges Drive Blockchain Interoperability Amid Security Challenges
Crypto bridges are emerging as a pivotal innovation in the blockchain space, enabling interoperability between disparate ecosystems. These bridges allow users to transfer assets and data across different blockchains, effectively breaking down silos that have historically limited cross-chain communication. By creating artificial derivatives of native assets—known as wrapped tokens—crypto bridges allow users to spend tokens like Bitcoin in ecosystems that don’t natively support them, such as Ethereum [1].
The process typically involves four steps: establishing a bridge between two blockchains, locking the native asset in a vault, minting a wrapped version of the asset, and transferring it to the target chain. This is facilitated…
