Nervos, a collection of protocols and public blockchain ecosystem, announced today that Force Bridge, its cross-chain asset system, has launched on the mainnet. Force Bridge is now connected to Ethereum and will soon be linked to Cardano and other EVMs and non-EVM chains such as Bitcoin, TRON, EOS and Polkadot.
A trustworthy cross-chain bridge, Force Bridge allows seamless transactions between the Nervos ecosystem and other public chains, making it easy for developers to extend their dApps to Nervos. Currently, Bridge supports ETH and ERC-20 tokens including Dai (DAI), Tether (USDT), and USD Coin (USDC), with more tokens to come in the future.
Note, Nervos native token $CKB is not required to transfer assets to Nervos via Force Bridge.
How Force Bridge Works
While most cross-chain bridges require several steps before assets can be transferred, Force Bridge requires only a simple contract deployment to initiate asset transfers within a user or decentralized app (dApp).
When users send assets from Ethereum using the Force Bridge user interface (UI), the assets are locked into a multi-signature wallet on Ethereum. The corresponding token is then minted on Nervos and sent to the wallet addresses of the respective users.
In order to ensure the safety and security of assets to be transferred cross-chain, the Nervos community has formed a Force Bridge Committee to ensure that smart contract wallets on Ethereum are secure.
“Force Bridge plays an integral role in our suite of multi-chain solutions, which aim to create universal applications that cross personal blockchains. Together with the recent launch of some of our other multi-chain solutions, Polyjuice and Godvoken, our recent Tested during the hackathon and now Force Bridge, we are making significant progress in our roadmap and moving closer to a truly interconnected blockchain ecosystem.”
–Kevin Wang, co-founder of Nervos
Earlier this year, Nervos announced that it would be joining Cardano, the latest project in an ongoing research collaboration between Nervos and IOHK.
Once completed, this will be the first cross-chain bridge for Cardano, allowing users to interchange Nervos and Cardano’s native currencies ($CKB and $ADA, respectively), as well as their own tokens (users) in both. -defined token). Blockchain.
As Nervos moves towards its vision for an interoperable blockchain ecosystem. Users of other blockchains will soon be able to use their wallets to trade in the same liquidity pool on CKB with Yokiswap, the first interoperable AMM, DEX, yield farming and staking platform in the Nervos ecosystem. Additionally, the project is developing an update to transfer $CKB to Ethereum in the form of $CKB (wCKB), wrapped around $CKB.
Kevin said, “Progress on blockchain is an iterative process. We look forward to receiving feedback from the community as we continue to move forward on Force Bridge and our multi-chain solutions.”
Nervos launches The Force Bridge
The Nervos Common Knowledge Base (CKB) is a layer-1, proof-of-work, public, permissionless blockchain protocol of the Nervos Network. It allows any crypto asset to be stored with the security, immutability and permissionless nature of bitcoin, while enabling smart contracts and layer-2 scaling.
Force Bridge is a cross-chain system of various protocols, CKB contracts and off-chain modules that link the supply for any asset on any blockchain, to support decentralized, redeemable tokens on the CKB.