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⛓️ BLOCKCHAIN BRIDGES WHAT ARE THEY AND WHY ARE THEY THE Achilles' HEEL OF DEFI?💥 THE MOST VULNERABLE PART OF THE CRYPTO ECOSYSTEM
Blockchain bridges allow you to move tokens from one network to another
For example, transferring USDT from Ethereum to BNB Chain or from Solana to Polygon
They're essential for DeFi but also the hackers' favorite target
Over $2.5 billion has been stolen in bridges over the last few years
👇 Respond with ⛓️ if you've ever used a bridge or with 👀 if it scares you
📌 WHAT IS A BLOCKCHAIN BRIDGE
It's a smart contract that locks your tokens on one network and creates a representation on another network
⛓️ BLOCKCHAIN BRIDGES WHAT ARE THEY AND WHY ARE THEY THE Achilles' HEEL OF DEFI?
💥 THE MOST VULNERABLE PART OF THE CRYPTO ECOSYSTEM
Blockchain bridges allow you to move tokens from one network to another
For example, transferring USDT from Ethereum to BNB Chain or from Solana to Polygon
They're essential for DeFi but also the hackers' favorite target
Over $2.5 billion has been stolen in bridges over the last few years
👇 Respond with ⛓️ if you've ever used a bridge or with 👀 if it scares you
📌 WHAT IS A BLOCKCHAIN BRIDGE
It's a smart contract that locks your tokens on one network and creates a representation on another network
Blockchain bridges allow you to move tokens from one network to another
For example, transferring USDT from Ethereum to BNB Chain or from Solana to Polygon
They're essential for DeFi but also the hackers' favorite target
Over $2.5 billion has been stolen in bridges over the last few years
👇 Respond with ⛓️ if you've ever used a bridge or with 👀 if it scares you
📌 WHAT IS A BLOCKCHAIN BRIDGE
It's a smart contract that locks your tokens on one network and creates a representation on another network
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