Kripton Bridge -Stable Coins Exchange Value Across Blockchains

As the size and number of blockchain networks grow, the need for value exchange across blockchains is becoming evident. Unfortunately, most chains remain primarily disconnected from one another — like islands with separate economies and communities, unable to exchange value or information with the world outside. That siloed nature goes against the idea of decentralization. Not only that, but the lack of interaction also gets in the way of the advancement of technology by putting limits on innovation, free trade, and economic growth. You find that the applications meant for one network only work within that network, meaning that they cannot be broadly adopted. This is true of public blockchains, including Bitcoin and Ethereum, which are the most popular.

To help with that problem, blockchain bridges came up. Bridges allow interoperability between networks and between a parent blockchain and its sidechain, which sometimes operates under different consensus. They allow the transfer of data, tokens, and sometimes, smart contract instructions between independent platforms. That way, users can send digital assets across blockchains, execute Dapps across different platforms and run fast and affordable transactions with tokens hosted on chains that would otherwise be less scalable. Some blockchain bridges are centralized, while others preserve decentralization for the sake of openness and security. Either way, cryptocurrencies with bridges give themselves an edge in the cryptocurrency world.