The mechanics of a transversal chain bridge: how it works
The cryptocurrency has revolutionized the way we think of digital resources, but one of the most innovative and complex concepts in the sector is the crossed chain bridge. A transversal chain bridge allows users to transfer their cryptocurrencies to different blockchain networks, allowing unprecedented interactions between various ecosystems. In this article, we will deepen the mechanics of a transverse chain bridge, exploring how it works, its benefits and limits.
What is a transversal chain bridge?
A transversal chain bridge is a technology that allows the transfer of resources, including cryptocurrencies, through different blockchains networks. This allows users to move their resources between the chains without having to exchange a cryptocurrency with another or convert them into a new resource. Transversal chain bridges use intelligent contracts and decentralized applications (DAPPS) to facilitate this process, making it safer, efficient and intuitive.
How does a transversal chain bridge work?
A transversal chain bridge is generally made up of two main components:
- Level of interoperability
: This level provides the foundations for the transverse chain bridge by establishing a common interface between different blockchain networks. The levels of interoperability are built using standardized protocols, such as the Ethereum OPENZEPPELIN protocol or the Binance Smart Chain (BSC) interoperability bookcase.
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Key components:
- TOKEN standardization: transversal chain bridges often use a standard token, such as ERC-20 or Weth, which provides a common interface for interaction with different blockchain networks.
- Transversal chain wallets : users can store their resources in cross -chain wallets integrated with the native portfolio of the Ponte Asset. These wallets provide a safe and intuitive way to manage your resources on multiple chains.
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Advantages:
- Increase in adoption : transversal chain bridges simplify the interaction for users with different ecosystems, increasing adoption rates in various markets.
- Reduced transaction costs
: allowing users to transfer activities directly without having to exchange a cryptocurrency with another or convert them to a new activity, transverse chain bridges reduce the costs and transaction commissions.
- Improved safety : transversal chain bridges provide an additional level of safety using intelligent contracts and decentralized applications (APPS) to ensure the integrity of the transaction.
limitations:
- Scalability : transversal chain bridges can be limited in their scalability, since they often are based on intermediaries or third -party services to facilitate the interactions between different blockchain networks.
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Examples of the real world:
- Uniswap (V2) : This popular decentralized exchange (Dex) uses the Ethereum Blockchain to facilitate the trading between chain between various activities.
- DYDX : This DIFI platform offers a cross chain bridge that allows users to exchange cryptocurrencies on multiple exchanges, including Binance Smart Chain and Polkadot.
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