BLOCKCHAIN BRIDGE

WHAT DO I UNDERSTAND ABOUT BLOCKCHAIN BRIDGE? AND WHAT NECESSITATE BRIDGES IN THE BLOCKCHAIN

Before anything else we have to discuss on what blockchain bridge is and get to know what it really is. Blockchain bridge can be explained as the kind of bond between two different tokens that allows the transfer of tokens between chains. The chains can either be of different models or say different make up, but with the help of the blockchain bridge the two different chains can interrelate securely or perfectly. The purpose of the bridge is to allow users to interrelate or interoperate with two different chains. It will allow users to be able to interoperate with two different chains because the bridge has being able to bring the two different chains together.

Also, bridges are not only created for the purpose of transferring tokens only but can be used as a medium for the exchange of data. Some of these datas could be smart contract calls and off chain informations.
One of the key factors that caused the necessities or causes of the blockchain bridge was the development or advancement of the blockchain technology. As people were beginning or getting to know what blockchain was, the user rate of the blockchain network was arising and there was the need for users to be interoperating with different chains. Which was basically why the blockchain bridge was introduced.

WHAT ARE THE BENEFITS OF THE BLOCKCHAIN BRIDGE? HOW DOES THE BRIDGES WORK

• Ideally, the main or basic purpose of the blockchain bridge was to bring the different blockchain together, that is to say to make them able to interoperate and recognize one another. Blockchain users needed or wanted to be able to interoperate with two different chains because they feel like they are all blockchain so why don't get to work or operate together.

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• With the help of the blockchain bridge, the high cost of a transaction of a particular token built on a blockchain "A" can be interoperated with a different token on blockchain "B" to perform or serve the same purpose.

• With the help of the blockchain bridge again, token of a particular blockchain can be easily converted or exchanged into a different token due to the presents of the blockchain bridge. Let say an Ethereum can easily be exchanged into a Bitcoin directly due to the bond or connection between the two.

The bridges work this way, whenever there is the need for a transfer of tokens between two different chains, a smart contract is required to complete the transfer. When a token like solana is to be transferred to an ethereum the smart contract acts as a carrier here. The smart contract carries the solana token as a locked token or assest and then issues or produces an ethereum token on the ethereum blockchain automatically there by producing the solana token as an ethereum token on the ethereum blockchain.

HIGHLIGHT THE TYPES OF BLOCKCHAIN BRIDGES BY CATEGORIES; PICK AN EXAMPLE OF BLOCKCHAIN BRIDGE AND EXPLAIN HOW IT WORKS

There are basically two accurate blockchain bridges which are the "TRUST AND TRUSTLESS BRIDGES"

TRUST BRIDGES; these type of blockchain bridges are termed as centralized bridges. Which is because it is being governed or monitored by a third-party. Which means that users have to give the authority to the third-party in order to operate with their service. So all activities are being carried out by the third-party.

TRUSTLESS: with this type of blockchain bridge, the computational algorithm executes the bridging operations. Which is to say the agreement is reached based on the computational algorithm rules which is written.
Therefore there is no third-party involvement here, there by making it decentralized.

A blockchain bridge and how it works.

A perfect example of a blockchain bridge is the

WRAPPED BITCOIN(WBTC) it is a blockchain bridge which was created in 2019. The bridge was created to be used on ethereum's ecosystem. It is backed by bitcoin. Which is to say a particular amount of a wbtc is equal to an amount in btc. It is created to provide liquidity for bitcoin users to be able to access the various ethereum ecosystems.

ARE THERE LIMITATIONS TO THE BLOCKCHAIN BRIDGES?WHAT DO I THINK ABOUT THE FUTURE OF BLOCKCHAIN BRIDGES

Some of the limitations with regards to the blockchain bridges will have to do with the blockchain bridge apps which are still vulnerable to attack. The security system of these bridges are not that strong enough due to the interoperability of two different chains.
Also one other problem is spamming activities done by most third-party which is another limitations in the blockchain bridge apps.

Since we are able to transfer tokens between two different chains this clearly tells us that the future of the blockchain bridge is here but what is actually left to be worked on is the loopholes in these bridges which will apparently give blockchain bridges a more better future and also make the use of blockchain bridges more convenient than it is now.

In conclusion, blockchain bridges are the bond or connection between two different chains that allows for the transfer of tokens and data between two differentchains.