HomeNewscoinquora.comOrbs Has Gone Live on The Official Polygon Bridge

Orbs Has Gone Live on The Official Polygon Bridge

- Advertisement -


Orbs Has Gone Live on The Official Polygon Bridge
  • Orbs is live on the Polygon protocol.
  • ORBS holders can migrate their ORBS tokens onto the Polygon bridge.
  • The brand is hoping for greater expansion with Polygon.

Many popular DApps have steadily migrated onto the Polygon Blockchain. To name a few, Aave, CREAM Finance, and SushiSwap have all made the move to build directly on the Polygon Protocol.

Similarly, Orbs too has made this decision to integrate with the Polygon Network. Besides enjoying the perks of this arguably more efficient protocol, Orbs can also enjoy seamless and faster transactions with lower fees.

With so many perks right at the palm of their hands, the Orbs project simply couldn’t resist. This move will bring a chance for Orbs users to collaborate with the Polygon ecosystem. Not to mention, Polygon is also an ideal candidate for Orb’s plan for expanding its ecosystem.

The first step to this includes bridging the Polygon gap. In detail, this means the ORBS token must be bridged onto the Polygon network. This is mandatory as the ORBS token is an ERC-20 token.

To bridge the gap, ORBS has been integrated into the official Ethereum – Polygon cross-chain bridge. The Polygon project created this bridge so that ORBS token holders can easily make the token switch.

Holders can go here to migrate their ERC-20 ORBS tokens and make them compatible with the Polygon network. They must first connect their wallet to the Polygon bridge. Next, they must search for the ORBS token and finally approve the transfer. Once that is complete, holders can find the bridged ORBS token contract on Polygon

So, as more DeFi solutions appear, the need for 2nd layer solutions becomes dire. Presently, Polygon is seen as the leading 2nd layer solution, especially for Ethereum built solutions. Hence, Orbs is excited to continue its journey along with Polygon.



Source link

- Advertisement -
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,528FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 60,781.00
ethereum
Ethereum (ETH) $ 4,255.37
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 598.87
litecoin
Litecoin (LTC) $ 234.18
eos
EOS (EOS) $ 4.42
okb
OKB (OKB) $ 25.92
tezos
Tezos (XTZ) $ 5.32
leo-token
LEO Token (LEO) $ 3.15
cardano
Cardano (ADA) $ 1.89
monero
Monero (XMR) $ 242.82
stellar
Stellar (XLM) $ 0.34794
chainlink
Chainlink (LINK) $ 29.61
huobi-token
Huobi Token (HT) $ 10.57
tron
TRON (TRX) $ 0.114036
usd-coin
USD Coin (USDC) $ 1.01
dash
Dash (DASH) $ 196.11
neo
NEO (NEO) $ 43.39
iota
IOTA (MIOTA) $ 1.40
nem
NEM (XEM) $ 0.192834
zcash
Zcash (ZEC) $ 162.22
maker
Maker (MKR) $ 2,804.39
paxos-standard
Pax Dollar (USDP) $ 1.01
ethereum-classic
Ethereum Classic (ETC) $ 51.50
vechain
VeChain (VET) $ 0.147767
true-usd
TrueUSD (TUSD) $ 1.01
ftx-token
FTX Token (FTT) $ 51.70
kucoin-shares
KuCoin Token (KCS) $ 23.65
waves
Waves (WAVES) $ 21.48