What Is a Cross-Chain Bridge and Why Is It Necessary for Some Smart Contracts?
A cross-chain bridge is a protocol that connects two different blockchains, allowing assets and data to be transferred between them. It is necessary because blockchains are typically isolated environments.
Bridges enable smart contracts on one chain to interact with assets or logic on another, fostering interoperability and expanding the reach of decentralized applications.
Glossar
Smart Contracts
Function ⎊ Smart contracts are self-executing agreements with the terms of the agreement directly written into lines of code, residing on a decentralized ledger.
Cross-Chain
Transfer ⎊ Cross-chain capability refers to the mechanism enabling the atomic movement of digital assets and data between distinct, sovereign blockchain networks.
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.