A bridge in blockchain refers to a technology that connects two separate blockchain networks, allowing for the transfer of data and assets between them. This mechanism plays a crucial role in enhancing interoperability, enabling users to move tokens or information from one blockchain to another seamlessly.Bridges typically involve smart contracts that lock assets on the source chain and mint equivalent tokens on the destination chain. This process helps maintain the total supply of assets while facilitating cross-chain transactions. Different types of bridges exist, including centralized and decentralized options. Centralized bridges rely on a single entity to manage the transfer process, which can introduce security risks. Decentralized bridges, on the other hand, utilize distributed protocols, providing greater security and transparency.With the growing number of blockchains, bridges are becoming increasingly important, allowing users to take advantage of unique features on different networks, such as lower fees or faster transaction speeds. Ultimately, they promote greater flexibility and innovation within the blockchain ecosystem.

CoinShares Records $785 Million in Digital Asset Inflows, 2024 YTD Surpasses $7.5 Billion
European crypto investment firm CoinShares has released a digital assets flows report for last week. The publication showed net inflows