Nervos, a collection of public blockchain protocols and ecosystem, today announced that Force Bridge, its cross-chain asset system, has launched on the mainnet. Force Bridge is now connected to Ethereum and will soon connect to Cardano and other EVM and non-EVM chains such as Bitcoin, TRON, EOS, and Polkadot.
A trustless cross-chain bridge, Force Bridge enables seamless transactions between the Nervos ecosystem and other public chains, making it easier for developers to extend their dApps to Nervos. Currently, the bridge supports whitelisted ETH and ERC-20 tokens, including Dai (DAI), Tether (USDT), and USD Coin (USDC), with more tokens coming in the future.
Note that no $ CKB, the native token of Nervos, is required to transfer assets to Nervos through the Force Bridge.
How the force bridge works
While most cross-chain bridges require several steps before an asset can be moved, Force Bridge only requires a simple contract deployment to begin moving assets to a user or decentralized application (dApp).
When users send assets from Ethereum using the Force Bridge user interface (UI), the asset is locked in a multi-signature wallet on Ethereum. The corresponding tokens are then minted on Nervos and sent to the wallet addresses of the corresponding users.
To ensure the safety and security of assets as they move between chains, the Nervos community has formed a Force Bridge committee to ensure that the smart contract portfolio is secure on Ethereum.
“The force bridge plays a vital role in our suite of multi-chain solutions, which aim to create universal applications that transcend individual blockchains. With the recent launch of some of our other multi-chain solutions, Polyjuice and Godwoken, which were tested in our recent Hackathon, and now the Force Bridge, we are making significant progress on our roadmap and moving closer to a truly interconnected blockchain ecosystem. ”
– Kevin Wang, co-founder of Nervos
Cross chain bridge
Earlier this year, Nervos announced that it would connect to Cardano, the latest project in an existing research collaboration between Nervos and IOHK.
When complete, this will be the first cross-chain bridge to Cardano, allowing users to use Nervos and Cardano’s native currencies ($ CKB and $ ADA, respectively) interchangeably, as well as create their own tokens (tokens user-defined) through the two blockchains.
As Nervos moves closer to its vision of 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 Yokaiswap, 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 as a wrapped $ CKB (wCKB).
Kevin added, “Progress on blockchain is an iterative process. As we continue to progress on Force Bridge and our multi-channel solutions, we look forward to receiving community feedback. “
Nervos launches the bridge of force
The Nervos Common Knowledge Base (CKB) is a Layer 1, Proof of Work, public and unauthorized blockchain protocol from the Nervos network. It allows any crypto asset to be stored with the security, immutability, and unauthorized nature of Bitcoin while enabling smart contracts and Layer 2 scaling.
Force Bridge is a cross-chain system of different protocols, CKB contracts and off-chain modules to support decentralized and tradable tokens on CKB, linked to the provisioning of any asset on any blockchain.