A bridge or a cross-chain solution is a technology that enables interoperability between two or more blockchain networks that may have different protocols, consensus mechanisms, or functionalities.
Cross-chain solutions are becoming increasingly important in the blockchain space as they enable a wide range of use cases, including:
Interoperability between different blockchains allows for transferring assets or data across networks.
Scaling solutions, such as bridging to layer-2 solutions, to increase transaction throughput and reduce fees.
DeFi (decentralized finance) applications require seamless integration with multiple blockchain networks to enable complex financial transactions.
Interoperability between blockchain networks and traditional financial systems enables new forms of financial innovation.
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