✨Blockchain / Cross-Chain Bridges

▫️What is Bridge?
It's a protocol connecting 2 blockchain ecosystems to enable interactions between them. If you own $BTC but want to participate in DeFi activity on the #ETH network, a blockchain bridge allows you to do that without selling your $BTC.

▫️What Bridges Allow?
🔹The cross-chain transfer of assets & information
🔹Dapps to access the strengths of various blockchains thus enhancing their capabilities.
🔹Users to access new platforms & leverage the benefits of different chains.
🔹Developers from different blockchain ecosystems to collaborate & build new platforms.

▫️2022: 4 Big Bridge Hacks.
🚩February: #Wormhole $320M
🚩March: #Ronin $615M
🚩June: #Harmony $100M
🚩July: #Nomad $165M (amount revised)

▫️What Is Gravity Bridge?
The Gravity Bridge blockchain is the trustless, neutral bridge between #Ethereum and the #Cosmos ecosystem. Built using the #CosmosSDK it uses the validator set to sign transactions, instead of a multi-sig or permissioned set of actors.

🛠 Discover the Modern Blockchains! 👀

👉 Fascinating insights on blockchain classification, with the specificity of different types.

🔹 Monolithic Blockchains #Bitcoin
🔹 Monolithic Blockchains with parallel processing #Solana
🔹 Multichain Protocols #Cosmos
🔹 Sharded Blockchains #Harmony
🔹 Modular Architectures #Polygon #Arbitrum #Radius