CROSS-CHAIN BRIDGES
What is a cross-chain bridge?
A cross-chain bridge enables the exchange of information, cryptocurrencies, or NFTs from one blockchain network to another. It allows the flow of data and tokens across what would otherwise be isolated data sets on different blockchains.
There are several approaches to enabling transfers with a cross-chain bridge. One common approach is to use a wrapped token issued by the cross-chain bridge provider's platform. With a wrapped token, the value of a token from a specific blockchain network can be encapsulated within another token. Wrapped tokens are typically based on the ERC-20 technical specification for an Ethereum network. For example, WBTC is a bitcoin token wrapped with an ERC-20 Ethereum smart contract.
note it should be noted that the information in this article is not intended as investment advice please do #DYOR🟢