How Does a Blockchain Bridge Differ from a Blockchain Oracle?
A blockchain bridge is a protocol that allows the transfer of assets and information between two different, otherwise incompatible, blockchain networks. Its purpose is interoperability.
A blockchain oracle is a service that feeds external, real-world data into a single blockchain's smart contracts. A bridge connects blockchains; an oracle connects a blockchain to the outside world.
Glossar
Blockchain Bridge
Interoperability ⎊ Blockchain bridges represent a critical infrastructural component enabling the seamless transfer of assets and data across disparate blockchain networks, a necessity for a truly interconnected decentralized ecosystem.
Blockchain Oracle
Provenance ⎊ External data feeds critical for decentralized applications, particularly within sustainability-focused blockchain ecosystems, require robust attestation mechanisms.
Bridge
Nexus ⎊ The term "Bridge" within cryptocurrency, options trading, and financial derivatives signifies a mechanism facilitating the transfer of assets or value between disparate systems, protocols, or markets.