Allbridge — a simple, modern and reliable way to transfer assets between networks.
About the work of the Allbridge project
Allbridge — a simple, modern and reliable way to transfer assets between different networks. It is a bridge between blockchains with both EVMs (eg Ethereum, Polygon, BSC) and non-EVM compliant (eg Solana, Terra), which aims to cover L2 solutions (eg Arbitrum, Optimism) and NFT transfers in the future.
The underlying technology allows transfers to be made at the same speed as a regular transaction on a given blockchain. Each transfer includes 2 transactions: one from the original blockchain and the other from the destination chain. In the case of Allbridge, a transaction takes exactly as long as it takes for a given blockchain to confirm it. If the confirmation speed is fast enough, the transfer can be completed almost instantly.
Some features of crypto finance project:
| 1 | Allbridge supports several different types of transmission. |
| 2 | Users can send Native tokens and receive either Native or Wrapped tokens on the target blockchain. |
| 3 | They can also send tokens from the source blockchain and receive native or wrapped tokens on the target chain. |
The dynamic commission system allows Allbridge members to reduce the costs they pay for the transfer of assets. The bridge fee is paid before the transaction is sent, so the stake on the original blockchain allows the bridge's cost to be reduced. In addition, 80% of the commissions go to the ABR betting pool in a specific chain, distributed among the participants as a reward.
The safety of using defi app
The Allbridge code is robust - validated by security industry leader Hacken. All user funds are locked in smart contracts, oracles check each other for inconsistencies and there are protocols for quickly shutting down the system when a security threat is detected. These and other measures help to ensure maximum security for Allbridge. There is an introductory document on the site. With its help, each user can study the crypto profit project. RoadMap has marked updates for 2021-2022.
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