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RE: Steemit Crypto Academy Contest Season 5 Week 1 - The Blockchain Bridge

in SteemitCryptoAcademy3 years ago

Blockchain bridges was introduced for many reasons like interoperability, scalability, reduced fees and many others. Interoperability happens to be the most basic reason.

Custodial bridges are characterized by the fact that blockchain users allow a central entity to handle all their operations properly and securely; that is, they have no interference in any transaction.

You are very correct friend, the centralized bridges are controlled by central authorities.