https://www.flovtec.com/post/bridging-liquidity

Flotec allows the different network of block chain technology to communicate with each other and makes the process of digital asset exchange easier. Flotec brings consistent growth and network security in the market.

So what exactly are cross-chain bridges, and how do they work? Simply put, it's a bridge from one blockchain to another. Commonly referred to as a 'bridge' or 'blockchain bridge" is a set of code that includes smart...Read more

https://www.flovtec.com/post/bridging-liquidity

Flotec allows the different network of block chain technology to communicate with each other and makes the process of digital asset exchange easier. Flotec brings consistent growth and network security in the market.

So what exactly are cross-chain bridges, and how do they work? Simply put, it's a bridge from one blockchain to another. Commonly referred to as a 'bridge' or 'blockchain bridge" is a set of code that includes smart contracts that allow for the transfer of tokens, data, instructions, and smart contracts events from one chain to another despite different protocols and governance models of the respective blockchains. Thus, the bridge ensures that the blockchains interoperate in a secure manner.

To summarise, blockchain bridges allow for users to:

• Transfer digital assets between blockchains in a secure way

• Intuitive user interfaces to allow for straightforward transactions

• Benefit from faster transactions and lower fees when coming from slower networks

• Implementation of dApps across various blockchains

• But how exactly does a cross-chain bridge work?

• To simplify, let's assume you want to travel internationally, but you would like to drive your car on your holiday. Let's say you are in New York and want to travel to London. In this case, the cities would be the different blockchains while the car represents any asset you wish to move. Therefore, you would take your car to a dealership in New York and store it there. The dealership would then inform their London office to create an identical replica of your car, but adhering to all the rules and regulations of the UK. Then as soon as you plan to return from your trip, you bring the car back to the dealership in London, and when you return to New York, your original car is waiting for you.

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