Cross chain bridge development
                     Cross chain bridge development
BLOCKCHAINX
What is a cross-chain bridge?
Build a cross chain bridge connects independent blockchains and enables the transfer of 
assets and information between them, allowing users to access other protocols easily. 
Bridges are necessary because blockchains are like silos unable to communicate with 
each other. For example, you cannot use BTC on Ethereum or ETH on BTC. This 
contrasts with the legacy systems like banking, where your credit card can work for 
several providers. 
 Type of a bridge does your application need?
The approach you take for your cross-chain bridge depends upon your project’s needs and 
goals – both near and long term.
●Cosmos is Build a cross chain bridge “the internet of blockchains” connected by the Inter-
Blockchain Communication (IBC) protocol.
●Polkadot is also creating an interoperable network of blockchains through their parachain 
and parathread architecture. Their protocol is the Cross-Consensus Message Protocol 
(XCMP) as the key to making the parachains interoperable.
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
●Cross chain bridge development
WEBSITE            :
https://www.blockchainx.tech/bridge-smart-contract-development
MAIL                     :[email protected]
COMPANY       :BLOCKCHAINX