What is Cross-Chain Bridge?
A protocol that moves assets between different blockchains.
Details
A cross-chain bridge lets assets move between different blockchains, usually through lock-and-mint or custody mechanisms. Those mechanisms also make bridges a frequent target for hacks, and several major thefts in crypto history happened on bridges. Small transfers are fine for testing, but for large amounts evaluate the bridge's security and double-check official domains and contracts.
Key Points
- Move assets between chains via lock-and-mint or custody
- Bridges are a top hack target
- Be cautious with large amounts; verify official domains
FAQ
What is Cross-Chain Bridge?
A protocol that moves assets between different blockchains.
What are the key points about Cross-Chain Bridge?
A cross-chain bridge lets assets move between different blockchains, usually through lock-and-mint or custody mechanisms. Those mechanisms also make bridges a frequent target for hacks, and several major thefts in crypto history happened on bridges. Small transfers are fine for testing, but for large amounts evaluate the bridge's security and double-check official domains and contracts.
Is this term related to a specific coin?
It applies broadly across the crypto industry.
Related
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