Narrative

The global landscape of blockchain technology comprises a wide array of blockchain networks, each with its unique set of protocols and functionalities. This diversity poses significant challenges for projects and users alike as they operate across various blockchain ecosystems. Interoperability holds the promise of solving these challenges, by facilitating seamless transactions across blockchains, maintaining transaction security and integrity thus unlocking the full potential of blockchain.

About Cross Chain Interoperability

Cross-chain interoperability in blockchain refers to the ability of different blockchain networks to communicate, share data, and execute transactions with one another. It enables assets to be transferred across separate blockchains without the need for intermediaries or centralized exchanges.

Crypto bridges are one of the most important and most utilized infrastructures for cross-chain asset conversion and/or transfers. Bridging enables interoperability between different blockchain networks by allowing both assets and data to move seamlessly across the native chains. This feature is extremely crucial in the blockchain ecosystem as it allows users to move existing liquidity from one chain to another. Moreover, numerous native independent blockchains exist with unique protocols and token standards.

Examples of Popular Crypto Bridges:

• Wormhole : A popular cross-chain bridge supporting multiple blockchains, including ETH, Solana and BNB chain.

• Polygon Bridge : Allows the assets to be transferred between ETH and MATIC network, facilitating faster and cheaper transactions.

• Stargate : Supports a variety of EVM compatible blockchains, including Layer 1 and 2 platforms.