What are bitcoin bridges?

An Introduction to Cross-Chain Bridges Bitcoin bridges enable bitcoin holders to utilize the digital currency on other blockchain networks, bringing blockchain interoperability and increased utility into the Bitcoin ecosystem. Learn more about Bitcoin bridges, how they work, why we need them, and which ones you can use with Xverse Wallet.

What is a bitcoin bridge & how does it work?

Some bridges, known as unidirectional or one-way bridges, allow you to port assets only to the target blockchain and not the other way around. For instance, Wrapped Bitcoin allows you to send bitcoin to the Ethereum blockchain – to convert BTC to an ERC-20 stablecoin – but it doesn’t let you send ether to the Bitcoin blockchain.

What is the most common Cryptocurrency bridge?

For Bitcoin, which is perhaps the most well-known cryptocurrency, the most common bridge is with the use of Wrapped Bitcoin (WBTC). Wrapped Bitcoin is sometimes referred to as a blockchain bridge, as it enables Bitcoin as an ERC-20 token -- a token specification that is supported on many other blockchains.