Fractal Bitcoin (FB), a second layer bitcoin (BTC) network, today announced the launch of two solutions to facilitate the transfer of assets between its network and others, such as Bitcoin, for example.
Through a blog postFractal explains that using the two new bridges, Simple Bridge, from UniSat, and Bool Bridge, developed by Bool, you will be able to transfer crypto assets from FB to Bitcoin.
These bridges (or in English bridge) aim to ensure that your assets move safely and efficiently, facilitating interoperability between networks. This is crucial for the growth of decentralized applications (DeFi), games on-chainamong others.
Simple Bridge will connect to the Fractal Bitcoin network with the PizzaSwap exchange
Simple Bridge is a tool developed by Unisat Wallet that connect different networks with decentralized cryptocurrency exchange site PizzaSwap. It uses advanced cryptographic algorithms to improve cross-chain asset transfers.
Imagine that you have bitcoin in your UniSat Wallet and you want to exchange it for another token on PizzaSwap. UniSat Wallet allows you to transfer your BTC to the Fractal (or other compatible) network and then use PizzaSwap to make the exchange, securely powered by UniSat Wallet.
Simple Bridge uses, among other resources, what Fractal calls “Anonymous Multi-Signature Nodes.” This technology works so that your transactions are signed randomly by these nodesincreasing security and strengthening the system’s resistance against possible attacks.
How does Bool Bridge work?
Bool Bridge, developed by the Bool company, uses technologies with the aim of validate transactions in a decentralized, secure and private way.
Among the tools that Bool Bridge uses, you will find some such as Dynamic Hidden Committee (DHC) and Zero-Knowledge Proofs (ZKP), among others.
DHC works to randomly select and hide a number of validators to process transactions. Thus, The validators that will process your operations will not be known in advancemaking any online attack attempts difficult.
While ZKP includes cryptographic methods that allow one party to prove to another that an operation is true without revealing sensitive information, such as the identity of the issuer, for example. In the context of Bool Bridge, ZKP ensures that your movements are validated while maintaining the privacy of your personal data.
It is worth remembering that on September 30, Fractal Bitcoin had announced the inclusion of the decentralized exchange PizzaSwap, an event that was reported by CriptoNoticias.
Advantages and disadvantages of using bridges to operate between networks
These bridges allow the platforms DeFi Take advantage of multiple networks. For example, now you can combine the security of Bitcoin with the ability to Fractal to handle large volumes of transactions and its better scalability. Thus, this technology improves your user experience by allowing fast and secure transactions.
These bridges too increase the liquidity available for decentralized applications (dApps), which is essential for the functioning of its markets, loans and other financial services.
On the other hand, the use of these bridges also involves certain risks. The Attackers can try to exploit flaws in the code or cryptographic algorithms to steal funds or compromise the integrity of the system.
Furthermore, the use of bridges often involves trusting third parties for the validation and execution of transactions.
