Cross chain bridge development

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Cross chain bridge development

• BLOCKCHAINX

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• What is a cross-chain bridge?
• Build a cross chain bridge connects independent
  blockchains and enables the transfer of assets
  and information between them, allowing users to
  access other protocols easily.
• Bridges are necessary because blockchains are
  like silos unable to communicate with each other.
  For example, you cannot use BTC on Ethereum or
  ETH on BTC. This contrasts with the legacy
  systems like banking, where your credit card can
  work for several providers.

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• Type of a bridge does your application need?
• The approach you take for your cross-chain bridge
  depends upon your projects needs and goals
  both near and long term.
• Cosmos is Build a cross chain bridge the
  internet of blockchains connected by the
  Inter-Blockchain Communication (IBC) protocol.
• Polkadot is also creating an interoperable
  network of blockchains through their parachain
  and parathread architecture. Their protocol is
  the Cross-Consensus Message Protocol (XCMP) as
  the key to making the parachains interoperable.

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• Existing problems with bridges
• There have been a couple of early efforts to
  connect blockchains. The following are the main
  issues which were identified
• Bridge contracts require a minting permission
  (increased hack risk)
• Lack of decentralization
• Missing self-listings
• No yield for liquidity that projects provide in
  bridges
• No community-sourced bridge liquidity
• Missing Stablecoin support
• Cross chain bridge development

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• WEBSITE https//www.blockchainx.tech/b
  ridge-smart-contract-development
• MAIL contact_at_blockchainx.tech
  
• COMPANY BLOCKCHAINX