Bridge
A bridge moves crypto assets from one blockchain to another.
✦ Key Insight
Bridges help users access different ecosystems, but they are also common targets for hacks.
✕ Common Misconceptions
Using fake bridge websites, choosing the wrong network, or ignoring bridge security.
Detailed Explanation
How It Works
A bridge usually locks assets on one chain and creates or releases equivalent assets on another chain.
FAQs
Are bridges safe?
Some are reliable, but bridge risk is real.
In Practice
Dig Deeper
Smart Contract
A smart contract is self-executing code stored on a blockchain that automatically performs actions when certain conditions are met.
Wallet
A crypto wallet is a tool that stores the keys needed to access, manage, and transfer cryptocurrency. It can be software-based, hardware-based, mobile, desktop, browser-based, or even paper-based in older setups.
Blockchain
A blockchain is a decentralized digital ledger that records transactions in blocks, links those blocks together, and makes the record difficult to alter.
Layer 2
A Layer 2 is a scaling network built on top of a Layer 1 blockchain.