i dont understand exactly how bridge works. its hosted on the bts blockchain, so all actions costs bts ? how are they paid? via smart contracts?
and can anybody pls explain this:
In Cryptobridge, a federated distributed network of gateways, operating worldwide...
makes sure there is no single point of failure whatsoever
what are the gateways doing? they are decentralized?
thanks!
the gateways give you the corresponding BRIDGE backed asset. Currently the gateway is not decentralised, the devs run it. The roadmap states that they are planning to roll out a system of federated gateways, with multi-sig approval required for withdrawal and deposits. Once this federated gateway network is up and running (some time in the next few months, hopefully), then they will be decentralised.