Challenges and Centralization Issues with #Bitcoin L1 Bridges 🌉
Let’s talk about "Bitcoin bridges"...
That includes a broad category of tech that aims to move assets to and from Bitcoin L1.
🔸 L1 <> BTCL2s/rollups
🔸 L1 <> EVM
🔸 L1 <> Solana
... and many more.
As Bitcoin undergoes a renaissance with Ordinals and Runes, it becomes increasingly important to find ways to move assets between different networks and across L1 metaprotocols.
Bridges offer a pathway for assets to travel between Bitcoin and other blockchain networks.
However, the development and operation of these bridges has a lot of challenges and centralization issues, huge non-starters for Bitcoiners, who care deeply about trust and security.
This thread explores the state of Bitcoin bridges: the good, the bad, and the ugly. And a sneak peak at some projects engineering a future of better bridging.
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@EkaYuli13290054 Besok ya kalau ada rejeki banyak dan waktu yang sempat...
Bisa lah diagendakan bobo di hotel..
Sabar dan terus berdoa...minta sama Alloh..
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Linen is launching the Polygon Network in Linen Wallet. Join the waitlist to win up to $25k in crypto prizes! 🥳 @GetLinen#Polygon#DeFI#DApps#Web3 https://t.co/7U9VN010Vq