Verbull Word of the day
Finance glossary

Bridge (Crypto)

Crypto · advanced
Definition

A protocol that lets tokens or data move between two different blockchains.

A Bridge (Crypto) connects two otherwise separate blockchains, letting a token native to one chain be locked or wrapped so an equivalent version can be used on another. Bridges have become a favorite target for hackers, since a single exploited bridge contract can drain funds that were meant to be secured across two networks at once.

In a sentence

Bridge (Crypto) means software, not steel: he used one to move tokens from one blockchain to another, wrapping them so they'd work with the new network's apps.

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