Uploaded on Aug 25, 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.
Build a cross chain bridge25
Build a cross chain bridge
Blockchainx
How does a smart contract compare to a dumb contract?
While a smart contract may contain some part of the
‘database of obligations’ between the parties in its
instructions, it is unlikely to be a comprehensive catalogue of
all those obligations, particularly where the contractual
obligations are complex.
parties may negotiate terms that are not capable of being
assessed deterministically by a computer program (that is,
not capable of Boolean expression.
Existing problems with bridges
There have been a couple of early efforts to connect blockchains.
The following are the main issues which were identified:
●Bridge contracts require a minting permission (increased hack
risk)
●Lack of decentralization
●Missing self-listings
●No yield for liquidity that projects provide in bridges
●No community-sourced bridge liquidity
●Missing Stablecoin support
What is cross-chain technology?
The blockchain ecosystem inherently represents a siloed
infrastructure that restricts the two non-native blockchain networks
from communicating with each other. To address this challenge of
interoperability, cross-chain technology enables interoperability across
the independent blockchains, allowing two independent blockchains to
interact and share resources and arbitrary data for various purposes.
The challenge of interoperability showed up as the biggest obstruction
in the mass adoption of blockchain in many industries.
WEBSITE :https://www.blockchainx.tech/bridge-smart-contract-development
MAIL :[email protected]
COMPANY :BLOCKCHAINX
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