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113 Jun 2023, 05:30
🟢Hello, Orbit Chain Community!🟢
We share the Top 5 Blockchain Bridges written by Limechain. This post covers a total of five bridges, including the Orbit Bridge.
[Background]
Blockchain bridges have become essential for moving crypto assets across different blockchains. These protocols facilitate the interoperability between various Web3 networks and enable users to benefit from the unique features and opportunities offered by each of them. This article will explore several of the most popular crypto bridges – Multichain, Portal Token Bridge, AllBridge, ChainPort, and Orbit Bridge. We will delve into the features, advantages, and security mechanisms to see what makes each of them a competitive and sought-after protocol.
[Orbit Bridge]
Orbit Bridge is an interchain communication protocol that allows communication between heterogeneous blockchains. Through this, users can utilize the various assets of various chains in all dApps through simple transactions on each chain. It supports more than 20 networks and almost 100 tokens. Using the protocol users are able to bridge NFTs as well.
Each transaction of the bridge is signed by a validator and to be executed it has to reach a certain threshold of signatures. Compared to MPC where there is a single shared key between each node in the validator swarm, each of Orbit Bridge’s validators has its own private key that is used to sign the transactions. The protocol has different groups of validators available and the users can also choose which group of validators to use to secure and validate their transactions.
ORC is the utility token of the platform and is a means of participating in Orbit Chain governance & PoS-based block generation and a backbone in the maintenance and expansion of the Orbit Bridge.
The bridge has been audited thoroughly by Theori and currently, it has no bug bounty program available.
You can read all contents by clicking the link to view the full text of the post.
We will continue to do our best so that Orbit Chain can grow into a project representative of the web3 ecosystem.
Thank you.
Hello, Orbit Chain Community. We share the Top 5 Blockchain Bridges written by Limechain.
🟢Hello, Orbit Chain Community!🟢
We share the Top 5 Blockchain Bridges written by Limechain. This post covers a total of five bridges, including the Orbit Bridge.
[Background]
Blockchain bridges have become essential for moving crypto assets across different blockchains. These protocols facilitate the interoperability between various Web3 networks and enable users to benefit from the unique features and opportunities offered by each of them. This article will explore several of the most popular crypto bridges – Multichain, Portal Token Bridge, AllBridge, ChainPort, and Orbit Bridge. We will delve into the features, advantages, and security mechanisms to see what makes each of them a competitive and sought-after protocol.
[Orbit Bridge]
Orbit Bridge is an interchain communication protocol that allows communication between heterogeneous blockchains. Through this, users can utilize the various assets of various chains in all dApps through simple transactions on each chain. It supports more than 20 networks and almost 100 tokens. Using the protocol users are able to bridge NFTs as well.
Each transaction of the bridge is signed by a validator and to be executed it has to reach a certain threshold of signatures. Compared to MPC where there is a single shared key between each node in the validator swarm, each of Orbit Bridge’s validators has its own private key that is used to sign the transactions. The protocol has different groups of validators available and the users can also choose which group of validators to use to secure and validate their transactions.
ORC is the utility token of the platform and is a means of participating in Orbit Chain governance & PoS-based block generation and a backbone in the maintenance and expansion of the Orbit Bridge.
The bridge has been audited thoroughly by Theori and currently, it has no bug bounty program available.
You can read all contents by clicking the link to view the full text of the post.
We will continue to do our best so that Orbit Chain can grow into a project representative of the web3 ecosystem.
Thank you.
https://twitter.com/Orbit_Chain/status/1668491001936359424