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A bridge is an interface that enables communication and interaction between two blockchains. Additionally, it is referred to as a cross-chain bridge. Blockchain bridges facilitate the connection of different crypto ecosystems by bridging the gaps between various blockchain networks. Bridges allow sharing of information, assets, smart contracts, instructions, and even feedback between many layers of a blockchain and between multiple blockchains. Blockchain bridges provide additional benefits, such as access to new protocols on other chains and the opportunity for blockchain communities to collaborate.
PiBridge is a hybrid gateway that unleashes the barrier between the Pi network and other blockchains, making Pi accessible and approachable to the public and offering a new flexible and transparent financial tool to the Pi community.
With faith in the future value of Pi and the connectivity, the team of PiBridge aims to open the gateway to connect Pi and other blockchains, allowing data to flow and Pi holders to freely travel between the networks. This is also a pre-opened way for Pi holders to take advantage of the asset’s value.
PiBridge will issue Wrapped Pi (WPI) on Binance Smart Chain (BSC) & ONUS chaichainto allow Pi holders to interact with other digital assets on BSC. The bridge will be further extended to other large networks including Polygon, Cosmos, etc.