Overview
Making cross-chain transactions simple
Bridge network is building a cross-chain super dApp to enable seamless transactions between blockchain ecosystems. The cross-chain protocol (CCP) aims to be a one-stop-shop for all major cross-chain activities by providing the tools a user might need to transact in the multichain world. The bridge tool kit is made up of 6 main tools; a NFT bridge, a token bridge, a cross-chain trading platform, cross-chain farming platform, a multi-chain explorer and a token wrapper for any existing token to go cross-cain. The goal of building a cross-chain hub is to provide a frictionless and trustless environment for users to transact without the hassle of switching between protocols to complete what should be simple transactions. Bridge Network introduces a unique experience to the multichain world with a scalable, secure and robust infrastructure to simplify the complexities behind moving cross-chain.
Learn more about each tool here

Challenges & Solution

Challenges in the multichain world:
  • A broken user-experience: Imagine this: You want to send an email with a pdf attachment, a video attachment and some blurb of text. Now imagine a world where you are required to use different platforms to send these three different types of files. Sounds absurd, right? That is currently the world we exist in as it relates to cross-chain transactions. While we have seen many bridges enter the market, we have yet to see any that actually bridges the gap for all types of arbitrary cross-chain transactions and assets, at least until now. The protocol used to move a non-fungible asset, is very much different than the one used to move a fungible asset, which is different from the one used to trade cross-chain and so forth. This broken user experience presents a major gap in the market that Bridge Network addresses by creating a unified and frictionless user experience.
  • Centralized cross-chain protocols: The multichain world has expanded faster than the demand for decentralized cross-chain tools can be met. This boom has driven cross-chain protocols (CCPs) to make significant security trade offs in order to meet user demands, resulting in exploits to centralized validator networks. Adapting a decentralized system that incorporates both an insured and bonded federation model along with smart security designs is amongst the more secure paths for cross-chain infrastructure. A bonded federation requires each validator to collateralize a specified amount of funds. Validators who act maliciously lose their collateral, which is then used to reimburse users who lost funds in the process. These security mechanisms are common but are yet to be popularly adapted amongst CCPs.
  • Asset scaling on bridges: The infrastructure behind most cross-chain protocols (CCPs) were designed to address an immediate need in the market as mentioned above, which did not consider the topic of asset scaling. The assets supported on most bridges require some form of manual integration. Think of it like listing a token on a centralized exchange. There’s an application process, an approval process, an integration period, etc. With the majority of tokens moving to a multichain future this process is not sustainable with the over 16,000 cryptocurrencies that exist. The same way any token can list itself on a decentralized exchange, any token should be able to automatically integrate on a decentralized cross-chain protocol (CCP).

Addressing these challenges

Bridge Network addresses these challenges by 
designing a trustless, frictionless and scalable 
CCP. Features of the Bridge Toolkit:
  • Swap between any assets cross-chain
  • Move a fungible token cross-chain
  • Move a non-fungible token cross-chain
  • Wrap & integrate your token
  • Track multichain transactions
  • Aggregate yields and farm cross-chain
  • Unified cross-chain experience: 
The fully integrated suite of bridge tools allows users to conduct all major cross-chain transactions from one easy to use interface. Additionally, each tool was designed based on extensive market research and user experience (UX) feedback. Upon the launch of the incentivized testnet, Bridge Network collected over 250,000 unique user feedback on the UX which has since been reviewed and implemented.
  • Decentralized Infrastructure: 
Bridge Network is built on a decentralized infrastructure that enables anyone to run a node and participate in securing the network. Through its bonded federation, validators are required to collateralize a specified amount of $BRDG tokens which are 100% slashed upon malicious activity. Slashed tokens make their way into an insurance pool which is used for reimbursement purposes.
  • Inherently scalable bridge: 
Bridge Network has created the a multichain asset issuance portal that enables token issuers to take their token multichain without the need for a manual integration. This means that any project can add their token to the main bridge without the development complexities, making the token bridge an inherently scalable bridge.
Last modified 4mo ago
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