Kreuz-Chain bridges that connect 5 different blockchains with Ethereum-Defi

In the past few months, cross-chain-bridge technology has grown and users can now exchange assets between a variety of networks. Today, between eight different bridges has a total value of $ 7.6 billion on these platforms.

Kreuz-Chain bridges

Nowadays there are a decent number of cross-chain blockchain bridges and it has enabled users to carry out a variety of different decentralized financial techniques (DEFI). Interestingly, many bridges are connected to the Ethereum ( eth ) network, since they are compatible with Ethereum Virtual Machine (EVM).

Since these connections were made, a lot of value has flowed between a variety of chains and the Ethereum blockchain. The following article mentions a number of bridges that can use cryptocurrency participants to achieve cross-chain swaps.

tezos wrap protocol bridge

The tezos (xtz) blockchain is a proof-of-stake (POS) blockchain network that uses validation node, which are often referred to as bakers. XTZ users have the option of with the Ethereum-Blockchain called. To bridge bender labs developed a bridge called Wrap protocol .

Essentially, the wrap protocol developed by Bender offers users the opportunity to pack ERC20 and ERC721 tokens in order to use them with various defi applications.

Binance Smart Chain Bridge

The binance smart chain (BSC) is another blockchain that is compatible with Ethereum. BSC offers the same Smart Contract capacity, but the fees in the BSC chain are much cheaper. Binance chain ( bnb ) users can from the bnb chain to BSC via the Bep20 standard and a cross-chain bridge.

The Binance-Wallet is an extension wallet that can carry out cross-chain-swaps from bnb to bsc. In addition, users can also handle the binance bridge also to handle cross-chain transactions. US users and a number of other countries may have to use a VPN to access the Binance Bridge.

Solanas wormhole bridge

Solana (sol) also has a bridge and the start of the Ethereum of the Wormhole Network - Solana Bridge War revealed on September 17th. The Wormhole token Bridge connects Ethereum and Solana and users can replace assets via both blockchains.

"The portal is open", the website wormümtenetwork.com Details. "Wormhole offers new communication channels between previously isolated blockchains." Current worm hole statistics from Dune Analytics show that the total value of the Solana Wurmloch 382.471.804 is blocked.

avalanche bridge

Another chain that is compatible with Ethereum is avast) , a proof-of-stake (pos) -Blockchain. AVAX participants can connect AVAX-Assets to Ethereum by the cross-chain functions of the avalanche letter bag .

users of this wallet can exchange their Avax for a small fee between the Avalanche network and the Ethereum network. After a cross-chain swap has been handled onto the Ethereum chain, the participants can send the money to a wallet like Metamask as long as they configure metamask for the Avalanche network.

Bitcoin Cash Smartbch Bridge

bitcoin-bargeld (bch) is another chain that now with Ethereum via the SmartBch network . This means Bitcoin-Bar money ( bch ) can be packed and used for decentralized financing purposes. There is currently only a smartbch bridge that is operated by the crypto-asset exchange Coinflex .

Users can access Cooinflex via Metamask instead of registering with an email, and users can use their BCH Almost immediately after smart Confirmation times. Essentially, a user simply pays a target = "_ Blank" class = "lar-automated-link" href = "https://markets.bitcoin.com/crypto/bch" rel = "noopener"> bch and sends Smartbch by using the Sep20-token-protocol standards when paying off. From here, after a metamask wallet has been configured for the SmartBCH network, metamask users can use packaged Bitcoin level.

research guidelines for using bridges before crossing them

The above list only scratches the surface when it comes to cross-chain swaps, since there are bridges that come from blockchains like Cosmos, Fantom, Polygon, Terra, Harmony, Near, Optimism and Harmony

cosmos user can connect to a Keplr wallet and connect via Ethereum emeris . Participants near Ethereum can be over the. work together near the rainbow bridge . Fantom users can swap creepy or MultiChain.xyz and polygon network participant can be cross-chain-swap via the polygonbrücke . Terra assets can be exchanged between Ethereum and Terra by bridge.terra.money .

The use of cross-chain bridges requires some patience and some previous knowledge of walkthrough articles and step-by-step instructions for using blockchain bridges. Gelder can be lost if errors are made, and users should always carry out a diligence before they access cross-chain bridges or decentralized financial applications (Defi) in general.

What do you think of the five cross-chain bridges mentioned in this article? Let us know your opinion on this topic in the comments below.

Bedy ceremony : Shutterstock, Pixabay, Wiki Commons, Smartbch, Avax Wallet, Blender, Binance, Wurmloch,