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Elliptic
@elliptic
Bringing Compliance to Cryptoassets. Blockchain analytics, training, and certification for crypto businesses, financial institutions, and regulators.
Joined April 2013
891 Following    18.9K Followers
Blockchains cannot read each other. A user holding Bitcoin cannot spend it in an application built on Ethereum, because the two networks share no ledger. Cross-chain bridges close that gap. The asset is locked, burned or pooled on one chain and the equivalent is issued on another, as two separate entries connected by a protocol. Our new blockchain basics article explains how bridges work, how they differ from decentralized exchanges and coin swap services, and where the compliance risk sits.
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