What Are Cross Chain Bridges?

What exactly are cross-chain bridges, how do they work and why are blockchain bridges needed in the crypto industry?

Another week, another cross-chain bridge hack.

Cross-chain bridges seemingly appear to be constant targets of hackers, and with millions of dollars lost in these hacks, one might wonder — why the need for blockchain bridges? There are over hundreds of blockchains with different features and use cases. While blockchain technology has continued to gain traction and attract more users, the issue of interoperability between different siloed blockchains has remained a major challenge.

1:04 - What Are Cross-chain Bridges?
2:02 - How Does a Cross-Chain Bridge Work?
3:08 - Why Are Cross-Chain Bridges Important in the Crypto Ecosystem?
4:12 - Notable Cross-Chain Bridge Hacks in 2022
5:00 - Ronin Bridge Hack
5:37 - Wormhole Hack
6:32 - Harmony Bridge Hack
7:28 - Nomad Bridge Hack
8:06 - Top Cross-Chain Bridges

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