Nervos ‘Force Bridge’ now live to allow cross-chain communication to Ethereum, Cardano and Polkadot » CryptoNinjas – News Couple

Nervos ‘Force Bridge’ now live to allow cross-chain communication to Ethereum, Cardano and Polkadot » CryptoNinjas

Nervos, a suite of protocols and the public blockchain ecosystem, announced today that Force Bridge, a cross-chain asset system, has launched on mainnet. ForceBridge is now connected to Ethereum and will soon connect to Cardano, EVM Chains, and other EVM Chains like Bitcoin, TRON, EOS, and Polkadot.

The Force Bridge, which is an unreliable cross-chain bridge, allows seamless transactions between the Nervos ecosystem and other public chains, making it easier for developers to extend their dApps to Nervos. Currently, the bridge supports whitelisted ETH and ERC-20 tokens, including Dai (DAI), Tether (USDT), and USD Coin (USDC), with more tokens to come.

Note, $CKB, the native token for Nervos, is not required to transfer assets to Nervos via the Force Bridge.

How does a force bridge work

While most cross-chain bridges require multiple steps before an asset can be moved, Force Bridge only requires a simple contract deployment to initiate the asset transfer to a user or a decentralized application (dApp).

When users send assets from Ethereum using the Force Bridge user interface (UI), the asset is locked into a multi-signature wallet on Ethereum. The corresponding tokens are then minted on Nervos and sent to the corresponding user wallet addresses.

To ensure the safety and security of assets as they move across the chain, the Nervos community has formed the Force Bridge Committee to ensure that smart contract wallets are secure on Ethereum.

“The Force Bridge plays an integral role in our suite of multi-chain solutions, which aims to create global applications beyond single block chains. With the recent launch of some other multi-chain solutions, Polyjuice and Godwoken tested during the last Hackathon, and now Force Bridge, we are achieving Significant progress on our roadmap as we move closer to a truly interconnected blockchain ecosystem.”
– Kevin Wang, co-founder of Nervos

cross chain bridge

Earlier this year, Nervos announced that it would contact Cardano, the latest project in an existing research collaboration between Nervos and IOHK.

Once complete, it will be the first cross-chain bridge to Cardano, allowing users to use Nervos and Cardano’s native coins ($CKB and $ADA, respectively) in exchange, as well as create their own tokens (user-defined tokens) across both blockchains.

As Nervos approaches its vision of an interoperable blockchain ecosystem. Users from other blockchains will soon be able to use their wallets to trade in the same liquidity pool on CKB with Yokaiswap, the first AMM, DEX, yield farming, and staking platform in the Nervos ecosystem. In addition, the project is developing an update to convert $CKB to Ethereum as a CKB (wCKB) file.

Kevin added, “Progress on the blockchain is an iterative process. As we continue to make progress on Force Bridge and our multi-chain solutions, we look forward to receiving feedback from the community.”

Nervos launches Bridge of Power

The Nervos Public Knowledge Base (CKB) is a Layer 1, Proof of Work, public, permissionless blockchain protocol for the Nervos Network. It allows storing any crypto asset with the security, immutability, and unlicensed nature of Bitcoin while enabling smart contracts and layer 2 scaling.

Force Bridge is a system across a series of different protocols, CKB contracts, and off-chain units to support decentralized and redeemable tokens on the CKB, tied to the supply of any asset on any blockchain.

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