This article is the first in a series of two aimed at examining existing cross-chain solutions and the tradeoffs they make. In this piece, we will cover token bridges. We will also provide an overview of BIFROST, the network that enables cross-chain communication with its own consensus. โ Why is interoperability important? The need for alternatives became apparent as DeFi Summer progressed and the Ethereum network became constantly congested. Alternative Layer-one solutions, such as BNB Chain, Solana, and Avalanche, welcomed new users and provided them with low gas fees and fast transactions. While these blockchains started building value in their own ecosystemsโฆ
