Crypto

Cross-Chain Bridges and Their Benefits on BlockChain!!
Money School
Money School
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DeFi (Decentralized Finance) become one of the most interesting, versatile and exciting segments of the digital asset space. With its ecosystem growing at such an exponential rate, DeFi is firmly established as a naturally past financial system disruptive technology that seeks to completely reshape the financial situation and revolutionize the way individuals conceptualize value.
At a time when Decentralized Applications (dApps) are changing the face of financial infrastructures as we have always known them, it is more important than ever for independent blockchains to communicate and share data with each other.
While projects like Cosmos, Kusama, Polkadot, Avalanche, Algorand-Solana are experimenting with the concept of cross-chain interoperability and networkability, DeFi users simply want to be able to move assets from one chain to another, interchange dApps, and make services more efficient by leveraging other DeFi. Therefore, there seems to be a widespread desire for inter-blockchain communication, and while blockchain infrastructures have remained fairly isolated until very recently, one of the most viable solutions can be found in cross-chain bridges.
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