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Glossary

• Interoperability - The ability of different systems or platforms to work together and exchange information seamlessly.
• Cross-chain - The ability to transfer data and tokens between different blockchains
• dApps - Decentralized applications
• Layer 2 - Secondary framework or protocol built on top of an existing blockchain (Layer 1 ex: Ethereum) to improve its scalability and efficiency

What are Bridges?

Bridges are protocols or mechanisms designed to connect two distinct blockchain networks, allowing for the transfer of mainly assets between them. These bridges enable interoperability between different blockchain ecosystems, which is crucial for leveraging the unique features and capabilities of various blockchains. Bridges help increase the overall liquidity of different blockchain ecosystems and there are many bridges out there that can make this happen, such as deBridge, Wormhole, etc.

Why do we need bridges?

Bridges solve the problem of blockchain fragmentation by allowing assets to move between different blockchains. This enables cross-chain transactions and interoperability, making it possible to use the unique features and capabilities of multiple blockchains together.

We need them mostly because/for: