Point to ETH network
A bridge or interchain bridge is a service (centralized or decentralized) that allows you to create a connection between two blockchains that cannot normally communicate with each other, so that tokens can be transferred between them.
This is a utility that has become essential thanks to the arrival of DeFi services, which have taken the crypto community a big leap in the use of blockchain technology and the tokens that make life on the different blockchains capable of providing this type of service.
A bridge can be thought of as a simple information exchanger between blockchains. In other words, the main function of a bridge is to allow the bidirectional exchange of information between blockchain A and blockchain B, through a protocol that allows this connection. Of course this is an easy way to see how a bridge works, but the basic idea is this, and having this very clear will help you understand exactly how this exchange of information happens.
In fact, we can summarize it in four steps:
- The bridge is located between the A and B chain, creating the basic structure for it to function.
- If you want to pass a token From A > B, you go to the bridge, indicate the number of tokens you want to exchange at A, and provide the destination address at B.
- You make the shipment in A and the bridge locks that balance in a vault, and then in B the exact amount of tokens is minted and sent to the address in B that you provided.
- The tokens in A are blocked as collateral for the tokens in B and you can only get them back by doing the reverse process.
We will have a bridge that allows transactions between two networks eth and bsc.
Last modified 5mo ago