Centralization is not the answerNobody knows whether or not Bitcoin and Ethereum will continue to dominate the blockchain space in the future.
Ethereum remains a focal point for developers due to its buzzing ecosystem of decentralized applications, or DApps, which provide a vast amount of value to the crypto and blockchain communities.
Bridges enable developers on Ethereum or other, slower blockchains to tap into the speed and processing capacity of their faster cousins.
How bridges work A bridge allows any token from one blockchain to pass into another blockchain for processing.
Bridge transactions are usually grouped into blocks, validated by nodes, and sent to each blockchain to keep records of token movements.
While the long-awaited upgrade may still materialize and enable a faster and more scalable version of Ethereum, bridges provide a much-needed workaround in the meantime without any tradeoffs.
Wanchain were the first to launch a bridge between Bitcoin and Ethereum in 2018, but it hasn't yet gained widespread adoption.
Most recently, RSK announced it had launched a bridge that also operates between Bitcoin and Ethereum.
History tells us that each time the crypto markets enter a sustained bull run, the general public sits up and takes notice, leading to increased awareness and adoption of blockchain.
Thanks to interoperable bridges, the next wave of crypto adopters have the opportunity to enjoy a user experience that doesn't involve all the teething problems their predecessors endured.
Readying the Blockchain Industry for the Next Wave of Adoption
gepubliceerd op Feb 28, 2020
by Cointele | gepubliceerd op Coinage
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