What is the KYC verification process?
Could you please elaborate on the KYC verification process? I'm curious to understand the steps involved and what information is typically required for such verification. Is it a mandatory process for all cryptocurrency transactions? And how does it ensure the safety and security of transactions? I'm also interested in knowing the potential challenges or drawbacks associated with KYC, if any. Thank you for your assistance in clarifying this process.
What is the process of bridging?
Could you please elaborate on the process of bridging in the context of cryptocurrency and finance? I'm curious to understand how it works and what its significance is within this domain. Could you break down the steps involved in this process, highlighting any key components or technicalities that are crucial to its successful execution? Additionally, could you also discuss any potential risks or challenges associated with bridging and how they can be mitigated? I'm eager to gain a deeper understanding of this topic.