Crypto Bridges

What is Crypto Bridges?

Programs known as crypto bridges enable the transfer of bitcoins between at least two different blockchains. The majority of crypto bridges will create a new token on the destination chain and lock your original funds in the protocol. Developers may be able to assign tasks and enhance the functionality of their applications by utilizing interoperability between various blockchains. Your coin will be a “wrapped” replica of the original in the new blockchain, nevertheless. For instance, you will get the “wrapped ETH” token when you send ETH to Solana via a bridge.

Wrapped tokens are a replica of the original token with the same market value as the underlying asset. Wrapped tokens increase liquidity across Web3 by enabling users to use cryptocurrencies on non-native blockchains.