Nervos, a group of protocols and public blockchain ecosystem, immediately introduced that Pressure Bridge, its cross-chain asset system, has launched on mainnet. Pressure Bridge is now linked to Ethereum and can quickly hook up with Cardano and different EVM and non-EVM chains comparable to Bitcoin, TRON, EOS, and Polkadot.
A trustless cross-chain bridge, Pressure Bridge permits for seamless transactions between the Nervos ecosystem and different public chains, making it simpler for builders to increase their dApps to Nervos. At the moment, the bridge helps ETH and whitelisted ERC-20 tokens, together with Dai (DAI), Tether (USDT), and USD Coin (USDC), with extra tokens to come back sooner or later.
Notice, no $CKB, the native token of Nervos, is required to switch property to Nervos by way of the Pressure Bridge.
How the Pressure Bridge Works
Whereas most cross-chain bridges require a number of steps earlier than an asset could be moved, Pressure Bridge requires solely a easy contract deployment to start asset switch to a consumer or decentralized app (dApp).
When customers ship property from Ethereum utilizing the Pressure Bridge consumer interface (UI), the asset will get locked right into a multi-signature pockets on Ethereum. Corresponding tokens are then minted on Nervos and despatched to the corresponding customers’ pockets addresses.
To make sure the security and safety of property as they transfer cross-chain, the Nervos group shaped a Pressure Bridge committee to make sure that the good contract pockets is safe on Ethereum.
“The Pressure Bridge performs an integral function in our suite of multi-chain options, that are aimed toward creating Common Purposes that transcend particular person blockchains. With the current launch of a few of our different multi-chain options, Polyjuice and Godwoken which have been examined throughout our current Hackathon, and now the Pressure Bridge, we’re making essential progress in our roadmap and transferring nearer to a very interconnected blockchain ecosystem.”
– Kevin Wang, Co-Founder at Nervos
Earlier this yr, Nervos introduced it will hook up with Cardano, the most recent challenge in an present analysis collaboration between Nervos and IOHK.
As soon as accomplished, it is going to be the primary cross-chain bridge to Cardano, permitting customers to make use of Nervos and Cardano’s native currencies ($CKB and $ADA, respectively) interchangeably, in addition to create their very own tokens (user-defined tokens) throughout each blockchains.
As Nervos strikes nearer in the direction of its imaginative and prescient for an interoperable blockchain ecosystem. customers from different blockchains will quickly be capable to use their wallets to commerce in the identical liquidity pool on CKB with Yokaiswap, the primary interoperable AMM, DEX, yield farming, & staking platform within the Nervos ecosystem. Moreover, the challenge is growing an replace to switch $CKB to Ethereum as wrapped $CKB (wCKB).
Kevin added, “Progress on the blockchain is an iterative course of. As we proceed to make headway on the Pressure Bridge and our multi-chain options, we look ahead to receiving suggestions from the group.”
Nervos Launches The Pressure Bridge
The Nervos Frequent Data Base (CKB) is a layer-1, proof of labor, public, permissionless blockchain protocol of the Nervos Community. It permits any crypto asset to be saved with the safety, immutability, and permissionless nature of Bitcoin whereas enabling good contracts and layer-2 scaling.
Pressure Bridge is a cross-chain system of various protocols, CKB contracts, and off-chain modules to help decentralized, redeemable tokens on CKB, supply-pegged to any asset on any blockchain.
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Nervos, a group of protocols and public blockchain ecosystem, immediately introduced that Pressure Bridge, its cross-chain asset system, has launched on mainnet. Pressure Bridge is now linked to Ethereum and can quickly hook up with Cardano and different EVM and non-EVM chains comparable to Bitcoin, TRON, EOS, and Polkadot. A trustless cross-chain bridge, Pressure Bridge
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