🌉 What is a Bridge?
A Bridge in the cryptocurrency world is a tool that helps you transfer assets from one blockchain to another.
📦 Simple example:
🌐 You have 1 ETH on the Ethereum network.
But you want to:
→ Use it on the Binance Smart Chain network to play games, farm,...
➡ You need to "Bridge" ETH to BSC → At this point, the system will:
Lock your real ETH on Ethereum.
Mint an equivalent copy of ETH on BSC → called Wrapped ETH (wETH).
= > It's like you deposit money in a bank in Vietnam, and then the bank notifies the one in the US, saying “This person has money, issue a copy over there”.
🔁 The process usually includes:
Sending coins to a contract on blockchain A
The bridge will hold (or burn)
Creating an equivalent token on blockchain B
📌 Advantages:
Communication between different blockchains.
Expanding the DeFi, GameFi ecosystem...
⚠️ Risks:
Bridge smart contracts can be hacked (has happened: Ronin Bridge, Wormhole...).
You may lose coins if you choose the wrong address or network.
