Hyperbridge Brings Secure, Scalable Cross-Chain Communication to Users with Mainnet Launch on Polkadot

Hyperbridge Brings Secure, Scalable Cross-Chain Communication to Users with Mainnet Launch on Polkadot
фото показано с : zycrypto.com

2024-11-8 22:12

Hyperbridge has officially launched its main net on Polkadot, with support for Ethereum, Optimism, BNB Chain, and More. With this launch, the highly anticipated blockchain interoperability protocol is opening new possibilities for seamless cross-chain communication.

This comes after the project completed its seed funding round of $25 million, supported by the Web3 Foundation and Scytale Digital. The funding round has empowered Hyperbridge to bring groundbreaking technology to users, delivering secure, scalable, and verifiable cross-chain solutions across multiple blockchains.

Before the main net launch, Hyperbridge went through two testnet cycles, with 600,000+ cross-chain messages processed across supported networks. In addition, 66 independent relayers joined to facilitate message transfer across chains, validating the network’s robustness.

With the extensive testing at the testnet stage, Hyperbridge is sure to have a smooth mainnet experience in cross-chain messaging and liquidity solutions. Users can expect  Gateway, arbitrary message passing, and state queries across multiple ecosystems as Hyperbridge offers a token bridge for asset transfers.

With Gateway, users have high security and finality guarantees, which makes Hyperbridge superior to traditional multisig-based authentication with zk-proofs and on-chain finality validation. It also offers Instant access to multichain liquidity, unlocking new DeFi use cases for DAOs, stablecoins, and real-world assets.

Hyperbridge also addresses security challenges faced by conventional multi-sig bridges, which have led to a loss of over $ billion. By leveraging zk-light clients and storage proofs to authenticate messages, Hyperbridge maintains a security model equivalent to the blockchains it connects.

Seun Lanlege, founder of Polytope Labs, the developers of Hyperbridge, said:

“Bridges are only as strong as their authentication mechanisms. By leveraging finality-based authentication and eliminating multisig committees, Hyperbridge offers unmatched security, allowing developers to build the next generation of decentralized applications with confidence.”

Finally, Hyperbridge enables developers to launch cross-chain applications from day one, supporting use cases such as non-custodial native bridges for unified liquidity pools, cross-chain intents to facilitate seamless token interactions, and multichain expansion for stablecoins, real-world assets, and DAO governance tokens.

Hyperbridge intends to lead in the shift towards interoperability as the blockchain industry continues to grow by offering developers and projects a reliable, secure, and scalable cross-chain infrastructure that opens new frontiers for DeFi, DAOs, and on-chain finance.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Polkadot [IOU] (DOT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.28 %, 7d: -19.29 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 DOT

launch polkadot hyperbridge communication cross-chain possibilities seamless

launch polkadot → Результатов: 126


Polkadot (DOT) Price Prediction: Here’s Why $6.5 Support Could Launch 5X Rally

Polkadot (DOT) has experienced noteworthy price movements lately. Starting the year with a massive rally, DOT reached a peak of $11. 87 before retracing by over 40% to a crucial support zone. This support level has been defended multiple times by buyers, raising questions about whether the price will rebound or continue to lower levels.

2024-6-14 22:30


Фото:

PolkaBotAI Looks to Decentralize AI with OriginTrail and Polkadot

PolkaBotAI, OriginTrail, and Polkadot have announced plans to combine efforts to revolutionize artificial intelligence (AI) education through decentralization. At the forefront of this initiative is PolkaBotAI, a Decentralized AI education hub on Polkadot, set to launch in the coming months with support from the Polkadot Treasury.

2024-4-30 00:37


Фото:

BlockDAG Leads With $21M In Presale, Surpassing BlastUP, Jupiter, Ondo, Polkadot

Several contenders like BlastUP, Jupiter, Ondo, and Polkadot show varied performances in the bustling cryptocurrency market, but BlockDAG steals the spotlight. With an impressive 500% surge in its value since the launch of its first presale batch, BlockDAG now projects an astounding 30,000x ROI, leading the race as the top asset of 2024. 1. BlockDAG […]

2024-4-28 22:47


Surpassing Ondo (ONDO), BlastUP (BLP) Launch Thrives: Could It Rival Polkadot (DOT) in the Crypto Arena?

The crypto market is witnessing the rise of BlastUP, which has recently eclipsed the growth of Ondo. This new cryptocurrency is buzzing with potential as it makes its mark. Observers are speculating aThe post Surpassing Ondo (ONDO), BlastUP (BLP) Launch Thrives: Could It Rival Polkadot (DOT) in the Crypto Arena? appeared first on AMBCrypto.

2024-4-27 14:45


Avalanche (AVAX) and Polkadot (DOT) holders rush to buy into the start of the fourth stage of the Pushd (PUSHD) presale

2024 hasn’t been exactly smooth sailing for Avalanche (AVAX) and Polkadot (DOT) holders as both tokens lost the gains they made during the fourth quarter of 2023. Meanwhile, a new presale crypto contender in the realm of ecommerce has risen to challenge the unbridled dominance of platforms like eBay and Amazon, and its launch has […] The post Avalanche (AVAX) and Polkadot (DOT) holders rush to buy into the start of the fourth stage of the Pushd (PUSHD) presale appeared first on CaptainAltcoin.

2024-1-23 01:00


Фото:

Manta Network set for crypto’s largest trusted setup event with 5,000 participants

Manta Network, a Polkadot parachain leveraging zkSNARK technology to deliver private on-chain transactions, is on track to record the crypto industry’s latest historic moment. On Friday, the Manta Network team announced its trusted setup event had attracted more than 5,000 participants, meaning the launch of the protocol’s private payments app was set to see the […] The post Manta Network set for crypto’s largest trusted setup event with 5,000 participants appeared first on Invezz.

2022-10-29 00:49