Blockchain Development company (1) PowerPoint PPT Presentation

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Title: Blockchain Development company (1)


1
Build a token bridge
  • Blockchainx

2
  • What are Blockchain Bridges?
  • 1) Build a token bridge is an interconnected
    link that enables communication and interaction
    between two blockchain systems.
  • 2) Blockchain bridges, by linking two blockchain
    networks, aid dApps leverage the benefits of both
    the systems, instead of only their host platform.
    For instance, a dApp hosted on Ethereum and
    bridged with an EOS blockchain, can leverage
    Ethereums smart contract functionality as well
    as EOS scalability.

3
  • Benefits of Blockchain Bridges
  • As mentioned above, if a dApp on Ethereum
    leverages its advanced ERC-20 token standards and
    smart contract Build a cross chain bridge
    functionality, it also faces challenges in terms
    of lack of scalability, slow processing speed,
    traffic congestion etc on Ethereum. Additionally,
    Ethereum also levies high fees on transactions
    during heavy network traffic. By using a
    blockchain bridge, a dApp can be executed on
    Ethereum for smart contract functionality and
    transactions can be executed on another
    blockchain

4
  • Beyond that there are three other aspects to
    note
  • a cross-chain bridge transferring tokens which
    fails may see the tokens in transit disappear
    into the ether, never to be seen again
  • the POA Network cross-chain bridge works and is
    in production bridge thus far no one else has
    one
  • bridge technology allows any organization to
    operate on a sidechain sidechains are less
    congested, less costly to use and faster yet
    still maintain access to the Ethereum blockchain.

5
  • WEBSITE https//www.blockchainx.tech/brid
    ge-smart-contract-development
  • MAIL contact_at_blockchainx.tech
  • COMPANY BLOCKCHAINX
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