HomeCoinsAvalanche (AVAX)Avalanche Bridge: Revolutionizing Cross-Chain Transfers | by Nicholas Mussallem | Avalanche |...

Avalanche Bridge: Revolutionizing Cross-Chain Transfers | by Nicholas Mussallem | Avalanche | Aug, 2021

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In January of 2021, the Avalanche-Ethereum Bridge (AEB) launched to enable users to move assets between Ethereum and Avalanche, empowering greater interoperability between these two ecosystems.

Last week, The Avalanche Bridge (AB) was launched, ushering in the next generation of cross-chain bridging. The AB was built from the ground up to meet the following requirements:

  • Secure: the bridge must be audited and built with security first technologies,
  • Cost Effective: the cost for bridging assets should be as low as possible,
  • Fast: the transaction should take the least amount of time possible.
  • Transparent: the user should be informed of the transfer status at every step of the process,
  • Intuitive: users new to crypto asset transfers should easily understand the steps necessary to use the bridge,
  • Ecosystem-supportive: upon crossing the bridge, users should understand all of the capabilities of the Avalanche ecosystem and experience minimal friction in seizing opportunities.
  • Multi-chain: the bridge will support a growing number of blockchains in the future to center Avalanche as a core hub of DeFi.

After many months of hard work and several revisions, the bridge meets all of the above requirements and delivers additional features to not only support, but accelerate the growth of applications and assets on Avalanche.

Secure

The Avalanche Bridge has also passed thorough audits from Halborn. As a result of SGX’s tamper-proof technology, the independent parties can verify that the version of the enclave code is correct. Any future code changes need to be approved by these parties in order for them to take effect.

Cost Effective

Fast

Transparent

The gas fees associated with each network are also displayed to the user to easily understand an itemized breakdown of fees. Lastly, a summary is presented to the user upon completion of the asset transfer. Lastly, there is a proof of assets page to see a breakdown of assets crossing the bridge by asset type.

Intuitive

Ecosystem-supportive

Multi-chain

Bonus Feature: Promotion Engine

In addition to this robust set of features, the Avalanche Bridge is designed to provide users with seamless integrations to other core Avalanche tools including the Wallet and Explorer. Both applications are currently undergoing dramatic next generation improvements to provide Avalanche users a seamless on-chain experience across desktop and mobile devices.

To ensure a cohesive experience, existing assets from the AEB will be migrated. The new Avalanche Bridge is built with capabilities to make converting legacy assets extremely easy for existing users and developers to update assets to the new bridge standard.

In crypto, it’s not good enough for technology to be better than its peers. It must continue to outpace itself, never settling or resting.

Interested users can now visit bridge.avax.network to access the AB and review its tutorials. Users can also ask for support across the Avalanche Community channels.



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