Uploaded on Aug 9, 2022
The future is cross-chain and you can do that now a token bridge. A cross-chain bridge let's you launch your token on multiple blockchains and allow users send your tokens between chains. Launch your token on any EVM blockchain with our cross-chain bridge.
Bridge Smart Contract Development Services9
Bridge Smart Contract
Development Services
Blockchainx
Types of bridges:
Build token bridge can be classified in different ways based on different
criteria. First, let's take a look at categorization by addiction.
(1) Classification based on dependence:
Asset Dependent: This is a solution that only serves the purpose of making
certain assets available for use on other chains. As this is a resource specific
solution, it is not very scalable. #defi Wrapped tokens are a type of token that
many users have seen at least once. Wrapped tokens are tokens anchored to
the value of other crypto assets, and you can think of them as a kind of
security.
Application Dependent:
Corresponds to a single application that targets more than one blockchain
and treats the service as an instance. This has the advantage of being able
to target more than one chain with one instance, instead of deploying the
entire application on each chain.
Build a cross chain bridge this cannot be applied to multiple applications
at the same time and there is a limitation as different applications have to
create different solutions. Typical examples are compound chains and tor
chains. They both provide services by writing codes for 1) loan and 2)
applications that function as exchanges.
(2) Classification according to the method of verification of cross-chain
transactions
In addition to classification by dependency, you can also try classification
by the cross-chain transaction verification method.
Validation by external validators and federation:
Cross chain bridge development In this way, when an external validator
detects a transaction request from the source chain, the token transmitted
by the transaction is blocked and the corresponding token is issued on the
arrival chain. This only occurs when there is an agreement between the
validators and the validators check an address that acts as a sort of
"mailbox" in the source chain and the mailbox address blocking is also
done.
WEBSITE :
https://www.blockchainx.tech/bridge-smart-contract-developm
ent
MAIL : [email protected]
COMPANY : BLOCKCHAINX
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