Cross-Chain Bridges: What Are These and How Do They Work?

Cross-Chain Bridges: What Are These and How Do They Work?

The existence of cryptocurrencies relies completely on blockchain technology. Between Bitcoin’s inception in 2009 and present day, more than 1,500 cryptocurrencies are thriving in the ecosystem. While the idea of blockchain is a singular data transfer type, research firm Alchemy claims that there are over 125 Layer 1 and Layer…