📊｜Can the launch of Snowbridge change the current situation of dot?

It is well known that traditional bridges need to rely on third parties, which may bring security risks.

📌Snowbridge is a trustless bridge between Ethereum and Polkadot, aiming to connect the seamless interaction between the two blockchains. In short, it makes the exchange of funds between Ethereum and Polkadot safer and simpler.

💡Features:

Snowbridge is completely decentralized and does not need to rely on multiple signatures and third parties. It uses beefy light client to realize bridge connection, making the cost of deploying bridges on Ethereum lower while ensuring security.

This is a crucial upgrade for the Polkadot ecosystem. Before this, all Ethereum asset inflows needed to rely on third-party signed bridges to complete. In the Polkadot ecosystem, all the parachains and dApps into which these assets flow are restricted in the trust model due to the existence of these third parties, which to some extent undermines the value proposition of Polkadot itself

♦️In general, the launch of Snowbridge makes it possible for Ethereum and Polkadot to interact across ecosystems, which is of great significance to Polkadot. From now on, Polkadot officially opens a new chapter and embraces Ethereum

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