Why a decentralized ETH <=>BSC bridge?
Tixl announced today that they finally launched their decentralized ETH<=>BSC bridge . What does being decentralized mean? Is it fair if I just say: decentralized is safer and faster than centralized? Let's just compare a Centralized Exchange (CEX) versus a Decentralized Exchange (DEX). Or Binance versus Uniswap. If you want to buy or sell a crypto in Binance, you have to go there, sign-up, sign-in and transfer your money to a wallet the CEX will keep there. Then you buy or sell whatever you want. The only player that knows how much money you have there is CEX. If something happens and they get themselves hacked (never seen that happening in the past...), the hackers could steal all your cryptos. When you talk about DEX (or Uniswap, in this example), all you have to do is connect your wallet to their system. They will only facilitate the exchange (coins go from one person to another and vice versa) and, as soon as it is done, your new coins are in your wallet, under your own...