ioTube — a decentralized bridge to connect Ethereum, Binance Smart Chain, Polygon (Matic) and IoTeX. ioTube provides a two-way token exchange between IoTeX, Ethereum, Binance Smart Chain and Polygon.
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Description of the ioTube site
ioTube v5 — a major cross-chain bridge update. Supported by 20+ assets from Polygon, Ethereum and BSC, IoTeX is one of the most connected blockchains in the industry!
Moreover, ioTube v5 was completely open source on GitHub. It is compatible with Web3 wallets (eg MetaMask, ioPay Mobile) for incredible user experience.
This major bridging update includes the following features:
| Polygon support | transfer of tokens with ultra-low fees between IoTeX and Polygon. ioTube v5 supports many Polygon resources including MATIC, WETH, WBTC, DAI, USDT, USDC, SUSHI, QUICK, CYC. |
| Web3 compatible | use your favorite Web3 wallet (eg MetaMask, ioPay Mobile) to access ioTube v5 anytime, anywhere. |
| Increased productivity | iоTube v5 is faster than ever with ultra-low fees, allowing crypto platform users to pool resources across chains confidently. |
With cross-network integration and two-way token exchange available between IoTeX and Ethereum / Polygon / BSC, users can find more value for their digital assets by exploring Dapps across multiple blockchains with the same tokens. For example, holders of IOTX + XRC20 tokens can transfer tokens to the top three blockchains in the world and use their tokens in an ever-growing number of Dapps, DEXs, farms, etc.
More about the defi app
ioTube uses multiple smart contracts on both the source and destination blockchain to enable the transfer of tokens between blockchains. It starts when the user places assets into the cashier's contract on chain A, which is an event, observed by multiple witness nodes. These witnesses verify this event and send a signature to the relay network, which combines all signatures and instructs the validator contract on chain B to mint the same number of proxy tokens, deposited in chain A. You can get more information about the site through the introductory document.
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