Nervos, a collection of procedures and public blockchain environment, today revealed that Force Bridge, its cross-chain possession system, has actually released on mainnet. Force Bridge is now linked to Ethereum and will quickly link to Cardano and other EVM and non-EVM chains such as Bitcoin, TRON, EOS, and Polkadot.
A trustless cross-chain bridge, Force Bridge enables smooth deals in between the Nervos environment and other public chains, making it much easier for designers to extend their dApps to Nervos. Currently, the bridge supports ETH and whitelisted ERC-20 tokens, consisting of Dai (DAI), Tether (USDT), and USD Coin (USDC), with more tokens to can be found in the future.
Note, no $CKB, the native token of Nervos, is needed to transfer possessions to Nervos by means of the Force Bridge.
How the Force Bridge Works
While most cross-chain bridges need several actions prior to a property can be moved, Force Bridge needs just an easy contract implementation to start possession transfer to a user or decentralized app (dApp).
When users send out possessions from Ethereum utilizing the Force Bridge interface (UI), the possession gets locked into a multi-signature wallet on Ethereum. Corresponding tokens are then minted on Nervos and sent out to the matching users’ wallet addresses.
To guarantee the security and security of possessions as they move cross-chain, the Nervos community formed a Force Bridge committee to guarantee that the smart contract wallet is safe and secure on Ethereum.
“The Force Bridge plays an integral role in our suite of multi-chain solutions, which are aimed at creating Universal Applications that transcend individual blockchains. With the recent launch of some of our other multi-chain solutions, Polyjuice and Godwoken which were tested during our recent Hackathon, and now the Force Bridge, we’re making important progress in our roadmap and moving closer to a truly interconnected blockchain ecosystem.”
– Kevin Wang, Co-Founder at Nervos
Earlier this year, Nervos revealed it would link to Cardano, the most recent task in an existing research study cooperation in between Nervos and IOHK.
Once finished, it will be the very first cross-chain bridge to Cardano, enabling users to usage Nervos and Cardano’s native currencies ($CKB and $ADA, respectively) interchangeably, along with develop their own tokens (user-defined tokens) throughout both blockchains.
As Nervos moves closer towards its vision for an interoperable blockchain environment. users from other blockchains will quickly be able to utilize their wallets to sell the exact same liquidity swimming pool on CKB with Yokaiswap, the very first interoperable AMM, DEX, yield farming, & staking platform in the Nervos environment. Additionally, the task is establishing an upgrade to move $CKB to Ethereum as covered $CKB (wCKB).
Kevin included, “Progress on the blockchain is an iterative process. As we continue to make headway on the Force Bridge and our multi-chain solutions, we look forward to receiving feedback from the community.”
Nervos Launches The Force Bridge
The Nervos Common Knowledge Base (CKB) is a layer-1, evidence of work, public, permissionless blockchain procedure of the Nervos Network. It permits any crypto possession to be saved with the security, immutability, and permissionless nature of Bitcoin while making it possible for smart agreements and layer-2 scaling.
Force Bridge is a cross-chain system of various procedures, CKB agreements, and off-chain modules to assistance decentralized, redeemable tokens on CKB, supply-pegged to any possession on any blockchain.