I’ve made over $100,000 by following what the best traders in crypto are doing.
The ultimate guide to tracking crypto millionaires on the blockchain: 👇🏼
The ultimate guide to tracking crypto millionaires on the blockchain: 👇🏼
The key here is bridges.
Crypto bridges enable different blockchains to interact with each other. They enable users on one blockchain to participate in the activities of another blockchain.
This lets crypto users take their money on $ETH, and move to coins like $BNB & $MATIC.
Crypto bridges enable different blockchains to interact with each other. They enable users on one blockchain to participate in the activities of another blockchain.
This lets crypto users take their money on $ETH, and move to coins like $BNB & $MATIC.
There are 4 types of bridges we’ll go over, followed by the 3 most popular bridges…
And then the biggest secret in crypto that whales don’t want you to know. 👇🏼
And then the biggest secret in crypto that whales don’t want you to know. 👇🏼
1. Trusted bridges
Trusted bridges depend on a central entity or a system. They rely on a centralized source to safely transfer value. This means they require users to give up control of their crypto assets, which contradicts the crypto ethos of self-custody.
Trusted bridges depend on a central entity or a system. They rely on a centralized source to safely transfer value. This means they require users to give up control of their crypto assets, which contradicts the crypto ethos of self-custody.
2. Trustless bridges
Trustless bridges don’t rely on third-parties. Instead, they use smart contracts that manage the process. While trusted bridge users must rely on the bridge operators’ reputation, trustless bridge users look to the underlying code instead.
Trustless bridges don’t rely on third-parties. Instead, they use smart contracts that manage the process. While trusted bridge users must rely on the bridge operators’ reputation, trustless bridge users look to the underlying code instead.
3. One-way bridges
One-way bridges enable users to move their crypto to another network without the possibility of sending them back via the same route. This means they should be used only for one-way transactions.
One-way bridges enable users to move their crypto to another network without the possibility of sending them back via the same route. This means they should be used only for one-way transactions.
4. Bi-directional bridges
Bi-directional bridges allow the transfer of assets both ways. They provide a more seamless way to transfer data and crypto between two networks. This might be more convenient for a user who frequently uses two networks to send and receive crypto.
Bi-directional bridges allow the transfer of assets both ways. They provide a more seamless way to transfer data and crypto between two networks. This might be more convenient for a user who frequently uses two networks to send and receive crypto.
Now that we’ve gone over the tech on how bridges can be built, lets look at the 3 biggest and most popular bridges in crypto.
Here comes the alpha. 👇🏼
Here comes the alpha. 👇🏼
1. Polygon Bridge
Deposits are completed almost instantly on polygon’s bridge, while withdrawals may take longer.
It leverages Ethereum’s Plasma scaling solution to offer increased security. Users can bridge $ETH, $MATIC and other Ethereum tokens (ERC-20 and ERC-721)
Deposits are completed almost instantly on polygon’s bridge, while withdrawals may take longer.
It leverages Ethereum’s Plasma scaling solution to offer increased security. Users can bridge $ETH, $MATIC and other Ethereum tokens (ERC-20 and ERC-721)
2. Avalanche Bridge
Avalanche Bridge is focused on security, faster finality, and lower fees. It connects Ethereum ERC-20 tokens to the Avalanche Mainnet.
Wrapped ERC-20 coins are first burned and then the token is either locked and minted or burned and released.
Avalanche Bridge is focused on security, faster finality, and lower fees. It connects Ethereum ERC-20 tokens to the Avalanche Mainnet.
Wrapped ERC-20 coins are first burned and then the token is either locked and minted or burned and released.
3. Wormhole Bridge
Wormhole’s goal was to solve high gas fees, price slippage, and network congestion. It allows crypto transfer among 17 chains.
The bridge is based on oracles which lock or burn tokens on one chain and mint or release them on another.
Wormhole’s goal was to solve high gas fees, price slippage, and network congestion. It allows crypto transfer among 17 chains.
The bridge is based on oracles which lock or burn tokens on one chain and mint or release them on another.
Now that we’ve gone over both the different types of bridges, and 3 of the most popular bridges, here is the alpha:
Bridges are how crypto users go from one chain to another. 👇🏼
Bridges are how crypto users go from one chain to another. 👇🏼
When you are using a centralized exchange, your movements are kept private by the exchange itself.
When traders use bridges to transfer funds around on-chain, you can follow exactly what they are doing and track their movement.
This is what whales don’t want you to know.
When traders use bridges to transfer funds around on-chain, you can follow exactly what they are doing and track their movement.
This is what whales don’t want you to know.
Visit defillama.com
Here you will see a dashboard that shows everything that has happened on-chain over the past 24 hours.
The real value is here below, where you can sort bridge volumes by each blockchain.
Here you will see a dashboard that shows everything that has happened on-chain over the past 24 hours.
The real value is here below, where you can sort bridge volumes by each blockchain.
Then go to defillama.com
You can see exactly where the money has been moving over the past 7 days or 24 hours.
Identify where the whales are moving and join them in their profits.
You can see exactly where the money has been moving over the past 7 days or 24 hours.
Identify where the whales are moving and join them in their profits.
That's it!
Crypto millionaires don't want you to know about this, but I will always share the secrets I've learned.
Make sure you are following me @cryptocrushmia and I will see you next time. 😘❤️
Crypto millionaires don't want you to know about this, but I will always share the secrets I've learned.
Make sure you are following me @cryptocrushmia and I will see you next time. 😘❤️
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