Understanding Cryptocurrency Bridges

Cross blockchain trading currently depends on bridges

• Cross blockchain trading makes def possible.
• But cryptocurrency tokens cannot actually move from one blockchain to another.
• Bridges don't transfer tokens, they transfer the value of the tokens.
• This transfer involves a trusted middleman, the bridge.
• Bridges are therefore trusted, not trustless.
• Bridges are therefore a point of weakness or vulnerability, which can be exploited.
• Bridges are therefore not part of the decentralization dogma of trustless code, as they involve trusted humans.
• There is one thing about the blockchain, and that is we always come back to basics.
• Just like in that Book entitled All I need to know abot life I learned in Kindergarten. All you need to learn about the blockchain is contained in Blockchain 101.
• If you view cryptocurrency through this lens you will be ahead of most, and be able to understand things better.