The role of crossed bridges in decentralized finances (Defi)

The cryptocurrency revolution in the way we consider money and its decentralized nature has opened new possibilities of financial transactions. In recent years, a new class of technology known as Crosschain Bridges has appeared to connect several blockchain networks, allowing trading and regular interaction with each other.

What are the croschain bridges?

Crosschain bridges, also known as Interblockchain or Playy bridges, are protocols that allow the transmission of activities to different blockchain platforms. These bridges act as bridges between different chains, allowing users to interact with the tokens and resources of another without having to go from one string to another.

The role of the crossed bridges in Defi

Deci (decentralized finance) has become a rapidly growing field in recent years, with a wide range of decentralized financial applications. One of the main innovations that have made it possible to thrive Defi is the use of crossed bridges. These bridges have connected various DIFI platforms and protocols, allowing users to participate in loans, loans, agricultural returns and other financial activities in various blockchain networks.

Advantages of crossed bridges

• This greater interoperability has opened new opportunities for decentralized financial applications.

• Reduced commissions : the authorization of the gears during the chain, the Crosschain bridges reduced the costs associated with traditional payment systems, making them more accessible to a wider range of users.

• improved safety : Crosschain bridges ensures that activities are transmitted safely and reliablely between different blockchain networks, reducing the risk of hacking and other safety threats.

Examples of Defi platforms used by crossed bridges

• Uniswap : Uniswap is one of the most popular decentralized exchanges (Dexs) in Defi. Use Crosschain bridges to allow users to exchange resources between different blockchain networks.

• Aave : Aave is another popular Defi platform that uses Crosschain bridges to connect its original token with other tokens based on Ethereum.

• Composed : The mixture is a Defi protocol that uses crossed bridges to allow users to participate in credit and loan activities in various blockchain networks.

Challenges and future development

While the Crosschain Bridges Revolution in the Defi area, several challenges, including:

• Scalability : Crosschain bridges can be calculated in the calculation, which can lead to problems of scalability both in the source and target chains.

2

3
Interoperability problems : while the Crosschain bridges have improved interoperability, there are still instances of interoperability problems between the different blockchain networks.

In order to overcome these challenges, the Defi platforms must continue to innovate and develop new solutions for crossed bridges. Some potential development areas include:

1.

2

3