๐#SAFEMOON BRIDGES EXPLAINED BY Thomas @papacthulu
As Blockchain technology advances, more and more people have differing ideas on how it should work, and as a result have created their own separate versions. Some, like Binance Smart Chain or Ethereum, have become successful.
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Due to this difference in opinion, Blockchains are isolated from one another. Bitcoin transactions do not appear anywhere on Ethereum, similar to how transactions through CashApp cannot be seen from users on PayPal.
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What this means is, both Apps and Tokens created on the Binance Smart Chain are inaccessible to users on other blockchains. The innovation we have seen in this technology seems to have stunted our progression at the same time.
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Bridges solve this problem. A bridge between Safemoon and Ethereum for instance will not only allow users to purchase Safemoon directly with Ether, but allow Safemoon Holders to use their tokens on beloved Ethereum apps such as Uniswap, MakerDAO, and the rest.
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This will allow Safemoon to separate itself and take pressure off of Binance Smart Chain. If one chain becomes slow or congested due to lots of transactions, other networks will be available. Likewise if the entire Binance Smart Chain went down, Safemoon would not fall with it.
Jun 30, 2021 ยท 9:33 PM UTC
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