What are blockchain bridges?

|Blockchain Bridges — Meaning, Definition, Uses | TeraBlock

What are blockchain bridges?

  • Allows a token created on one blockchain to be usable on another,
  • Ease data exchange among different blockchains,
  • Call smart contracts on another blockchain,
  • Get real-world data from third-party services (aka oracles)
  • Allow users to execute quick token transactions at cheap costs, and
  • Allow DApp developers to run applications on many networks

How do blockchain bridges work?

Blockchain bridges have two types:

  1. Centralized bridges
  2. Trustless bridges

Centralized Bridges

Trustless Bridges

Interoperability is the future.

  1. TeraBlock’s multi-chain bridge

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