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Blockchain networks are actively developing, but each of these networks is growing separately, resembling a distinct island. Such isolation hinders the exchange of values ​​and contradicts the principle of decentralization. Therefore, technology risks losing its relevance each time it encounters similar boundaries. So, as blockchain technology evolves, we need to think about ways for individual networks to interact so that they can take advantage of each other, increasing liquidity and expanding the user base. Cryptocurrency bridges do this best.
What Are Cryptocurrency Bridges?
A cryptocurrency bridge is a form of the interconnection of networks and blockchains, which aims to ensure the transfer of data from one chain to another and the reliability of such interaction.
A bridge can be created to use tokens on the same network or to exchange certain data as is the case with smart contracts. Blockchain bridges are an indispensable thing that allows you to maintain decentralization and, at the same time, achieve interaction between different blockchains, increasing the coverage of cryptocurrency ecosystems that operate around them.
Bridges can be:
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Centralized. In this case, the bridge works like an exchange that receives a specific token and sends the desired token to the chosen network.
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Decentralized. Operations are performed on the basis of smart contracts. No centralized structure controls the process, and the bridge itself can be multi-chain, depending on the circumstances and type of operation.
Crypto Bridge DeCommas
If you want to freely buy or exchange cryptocurrencies, DeCommas crypto bridges will come in handy. DeCommas is a utility that looks like a platform for bidirectional data exchange. To exchange, you need to specify the sending information. Then, the corresponding balance is blocked in the repository, but the recipient in another network is sent the exact number of required tokens. Thus, even if you cannot pass values ​​between separate blockchains directly, you still can perform such an operation using a cryptocurrency bridge. That's how DeCommas works.
With the advent of crypto bridges, such as DeCommas, it is possible to achieve the flexibility of blockchain technology and use cryptocurrencies without any restrictions. They open the way for interaction between chains and networks, giving cryptocurrency holders and traders better opportunities and minimizing operating costs.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.