You've probably seen that when withdrawing funds from Binance, they ask you which network you want to send it over.
Ethereum, BSC, Solana, Polygon, Arbitrum, etc.
To transfer tokens from one network to another, we use bridges.
In this article, I'll break down what they are, how they work, and the risks involved.
What is a blockchain bridge?
It's a digital bridge that connects two different blockchains.
It allows you to move your tokens from one network to another.
For example, you have USDT on the Ethereum network but want to use it on the BSC network because transaction fees are cheaper.
A bridge converts your USDT from Ethereum into a representative USDT on BSC.