Polkadot-Cardano bridge development sparks community excitement

Polkadot-Cardano bridge development sparks community excitement
фото показано с : cryptoslate.com

2024-6-27 22:11

Polkadot community members are debating the feasibility of a bridge that would link the network to Cardano.

Felix, an agent from the Unifires ecosystem, shared on the Polkadot Forum that efforts are underway to develop a Cardano-Polkadot light client and NFT swap bridge. He mentioned that the proposal has already been submitted to Cardano, and there are plans to submit a similar one to Polkadot’s decentralized governance body, OpenGov.

He said the proposal would help fund a project that would greatly benefit both ecosystems. Blockchain bridges allow users to transfer assets between networks, addressing the interoperability challenges associated with the broader crypto industry.

Both networks, founded by Ethereum co-founders Gavin Wood and Charles Hoskinson, have seen substantial technical development and user growth since their inception. This latest interoperability effort is expected to enhance the utility of both blockchains, especially with upcoming major upgrades set to transform their ecosystems.

The initial community reaction to the proposal has been supportive overall, with Polkadot Head Ambassador Tommi Enenkel, popularly known as Alice and Bob, offering his view on how the bridge could be built. He stated:

“For the Polkadot->Cardano direction, I believe the most straightforward approach would be to verify Beefy proofs on a contract on Cardano L1.”

SnowBridge launches trustless Polkadot-Ethereum bridge

Meanwhile, this development comes on the heels of SnowBridge activating the Polkadot-Ethereum bridge on June 20.

SnowBridge relies on first-party signatures from Polkadot and Ethereum validators, making the process transparent, permissionless, and auditable. The first version of the bridge will enable ERC20 asset transfers between the two networks, and multiple parachains and wallets are expected to integrate and support it.

The bridge protocol is also expected to increase interactions and introduce new assets from Ethereum to the Polkadot ecosystem. In the future, SnowBridge plans to enable arbitrary messaging and potentially launch a liquidity program.

The post Polkadot-Cardano bridge development sparks community excitement appeared first on CryptoSlate.

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bridge polkadot community efforts unifires ecosystem shared

Источник: cryptoslate.com

bridge polkadot → Результатов: 37


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Polkadot community backs SnowBridge for seamless Ethereum integration

Polkadot’s governance is currently mulling over a proposal to activate SnowBridge, a cross-chain bridge designed to link the Polkadot blockchain with Ethereum. A cross-chain bridge essentially serves as a decentralized application (DApp), streamlining asset transfers between blockchains to enhance token utility by fostering cross-chain liquidity.

2024-4-26 20:26


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IOST Partners With Polkadot for Cross-Chain Interoperability Breakthrough

PRESS RELEASE. IOST has announced it is now at the final development stage for building a cross-chain transfer bridge to the Polkadot Ecosystem. The move is part of IOST’s plans to promote its cross-chain interoperability, bringing tremendous value for IOST users & developers and drive bigger adoption scenarios for its blockchain, according to a blog […]

2021-3-6 13:00


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Bancor (BNT), Polkadot (DOT) Join Forces to Build Cross-Chain Liquidity Bridge 

Bancor (BNT) has revealed that it’s making steady progress towards building a cross-chain bridge that will foster interoperability between Bancor and Polkadot (DOT). The project will make it possible for users to create pools, provide liquidity and carry out trustless cross-chain swaps between Polkadot and other ERC20 cryptoassets on the Bancor network, according to aRead More

2021-2-3 19:00


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Cross-chain DEX platform Sifchain deploys Cosmos-Ethereum bridge

Sifchain, an omni-chain solution for DEXes built with the Cosmos SDK, has announced that it has successfully deployed Peggy, a Cosmos-Ethereum bridge on its Monkey Bars testnet. Sifchain is a cryptocurrency exchange protocol built on Cosmos SDK and will target 20–25 blockchains (such as Bitcoin, BinanceChain, Polkadot, Ethereum, Stellar, and EOS) for cross-chain integration.

2021-1-6 00:40


Web3 Foundation выделила грант для разработки “моста” между блокчейнами биткоина и Polkadot

Организация Web3 Foundation профинансировала разработку “моста” между блокчейнами биткоина и Polkadot. Проектом занимается компания Interlay. Bill’s @polkadotnetwork Daily Digest 5 Mar 2020 ## Polkadot News The Web3 Foundation has given a grant to work on a trust-minimized Polkadot-Bitcoin bridge: https://t.

2020-3-7 12:29


Web3 Foundation Is Funding a Project To Bring Bitcoin to Polkadot Via BTC-Parachain

The non-profit organization behind Polkadot, which is the Web3 Foundation, has decided to finance a new bridge that links the blockchain Polkadot network to Bitcoin (BTC). The London-based developer company Interlay is going to be funded by Web3 and build a BTC Parachain that brings BTC-backed assets onto the Polkadot network. The parachain will use […]

2020-3-6 21:23


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