Nervos launches a bridge between its network and the Ethereum’s

The Chinese company Nervos has implemented a trust bridge designed to simplify cross chain transactions between its CKB network and that of Ethereum.

The Chinese blockchain project Nervos has announced the launch of a cross chain bridge between it and the Ethereum.

The launch of the Nervos Force Bridge was revealed on December 17; the bridge boasts native support for ERC-20 tokens and frictionless transfers between Nervos‘ CKB and Ethereum’s chain.

The team claims that their bridge was inspired by the „Force Staff“ tool from the popular game Dota 2, which allows users to force the movement of objects through their virtual world.

Nervos claims that its trust architecture simplifies the steps needed to execute transfers between strings, describing other bridges as requiring the deployment of „a new asset in the target string, recording the address in Bitcoin Fortune and specifying the relationship between the asset transfer“ to achieve inter-string functionality.

In contrast, developers do not need to do any integration to access Force Bridge, as the Nervos bridge only requires users to deploy the ERC-20 to initiate asset transfers, with CKB’s native support for ERC-20 smart contracts that require no further steps for contract execution. Nervos co-founder Kevin Wang said:

„Interoperability has been and continues to be a primary focus of the Nervos team as we develop our infrastructure to support the next generation of DeFi applications.“

Ethereum users can access Force Bridge directly from their wallet. The team hopes that Ethereum developers will look to the Nervos network to expand their ecosystem and their DApp user base.

The growing success of Ethereum amidst the boom in the DeFi sector in Q3 and the December launch of the Eth2 beacon chain has inspired many prominent blockchain projects to unveil the bridges between their own networks and Ethereum.

On November 24, Ava Labs unveiled its Avalanche-Ethereum bridge, which was developed by ChainSafe as part of its Avalanche-X grant program. In August, PureStake received a grant from the Web3 Foundation to develop the cross-chain functionality between Ethereum and Moonbeam substrate-based smart contracts.

Many projects are trying to establish a cross chain architecture beyond Ethereum as well; Coro One secures a grant to build a bridge between Jealousy and Cosmos in November.

Dieser Beitrag wurde am 28. Dezember 2020 veröffentlicht, in Bitcoin. Setze ein Lesezeichen mit dem Permanentlink.