✨Blockchain / Cross-Chain Bridges
▫️What is Bridge?
It's a protocol connecting 2 blockchain ecosystems to enable interactions between them. If you own $BTC but want to participate in DeFi activity on the #ETH network, a blockchain bridge allows you to do that without selling your $BTC.
▫️What Bridges Allow?
🔹The cross-chain transfer of assets & information
🔹Dapps to access the strengths of various blockchains thus enhancing their capabilities.
🔹Users to access new platforms & leverage the benefits of different chains.
🔹Developers from different blockchain ecosystems to collaborate & build new platforms.
▫️2022: 4 Big Bridge Hacks.
🚩February: #Wormhole $320M
🚩March: #Ronin $615M
🚩June: #Harmony $100M
🚩July: #Nomad $165M (amount revised)
▫️What Is Gravity Bridge?
The Gravity Bridge blockchain is the trustless, neutral bridge between #Ethereum and the #Cosmos ecosystem. Built using the #CosmosSDK it uses the validator set to sign transactions, instead of a multi-sig or permissioned set of actors.
▫️What is Bridge?
It's a protocol connecting 2 blockchain ecosystems to enable interactions between them. If you own $BTC but want to participate in DeFi activity on the #ETH network, a blockchain bridge allows you to do that without selling your $BTC.
▫️What Bridges Allow?
🔹The cross-chain transfer of assets & information
🔹Dapps to access the strengths of various blockchains thus enhancing their capabilities.
🔹Users to access new platforms & leverage the benefits of different chains.
🔹Developers from different blockchain ecosystems to collaborate & build new platforms.
▫️2022: 4 Big Bridge Hacks.
🚩February: #Wormhole $320M
🚩March: #Ronin $615M
🚩June: #Harmony $100M
🚩July: #Nomad $165M (amount revised)
▫️What Is Gravity Bridge?
The Gravity Bridge blockchain is the trustless, neutral bridge between #Ethereum and the #Cosmos ecosystem. Built using the #CosmosSDK it uses the validator set to sign transactions, instead of a multi-sig or permissioned set of actors.
🚩#Ronin $RON
Ranked #90 by MC at $1.23B
After a TA in March 2023, I had completely forgotten about #Ronin, an EVM blockchain specially forged for gaming, until this week when @Seregon reminded me of $RON... and then the last 5 months have been impressive with an increase of more than 1,000% (This is the kind of tokens that doesn't need any market bullrun, or an "Alts Season" to perform. I like it)
Ranked #90 by MC at $1.23B
After a TA in March 2023, I had completely forgotten about #Ronin, an EVM blockchain specially forged for gaming, until this week when @Seregon reminded me of $RON... and then the last 5 months have been impressive with an increase of more than 1,000% (This is the kind of tokens that doesn't need any market bullrun, or an "Alts Season" to perform. I like it)