China’s public blockchain Nervos and IOHK provide cross-chain bridges to connect the Cardano and Nervos networks
Nervous, China’s leading public blockchain, and the team at IOHK, a global blockchain engineering company and creator of the Cardano (ADA) blockchain, recently revealed that they are creating a cross-chain bridge that will connect the Cardano and Nervos networks.
As noted in a publication shared with CI, this is Cardano’s first cross-chain bridge that “may unlock access to billions of dollars in completed transactions and further advance Nervos and Cardano’s shared vision for blockchain interoperability” .
This should now give users a more seamless experience using Blockchain or Distributed Ledger Tech (DLT) networks, whichever chain they may prefer.
As noted in the announcement:
“In order to enable interoperability within the Nervos network and a larger blockchain ecosystem, Nervos has three core components which together form the Universal Passport, the next generation interoperability solution from Nervos. Components include PW Core, a market-leading SDK that enables developers to create applications that can be accessed on all chains; Polyjuice, an Ethereum-compatible layer that allows developers to seamlessly move smart contracts from Ethereum to Nervos; and Force Bridge, a trusted bridge that enables seamless cross-chain transactions between Nervos and other chains. “
Force Bridge is reportedly being used to connect to Cardano so that users can make cross-chain transfers between networks using their existing wallets, the publication said.
The announcement also indicated that the bridge will allow people to use Nervos and Cardano’s native currencies ($ CKB and $ ADA) interchangeably, and also their own tokens (custom tokens) over blockchain or DLT networks to spend.
On layers 1 and 2 of the Nervos network, packaged $ ADA tokens will be “available to the chain’s rapidly growing suite of decentralized financial applications (DeFi)” to access services and features to their decentralized applications (dApps) and user bases expand.”
The publication also mentioned that this will be the first bridge (outside of Ethereum) to connect to the Nervos ecosystem, and its completion will be an important milestone for Nervos as it continues to develop services to multichain apps support by partnering with other chains like Cardano. that shares Nervos’ vision for “a truly interoperable blockchain ecosystem and a faster, cheaper chain alternative as Ethereum’s gas fees continue to be an issue for users”.
The announcement also indicated that the bridge is the latest initiative in an existing collaboration between Nervos and IOHK. In December 2020, the networks announced that they would “jointly write research on improvements to the UTXO model, future open source developments and investigate the creation of a universal standard for the accounting method”.
Romain Pellerin, CTO at IOHK, said:
“We believe that blockchain technology will only achieve mainstream adoption if end users are not tied to a blockchain or standard, but can seamlessly access value and benefit regardless of which blockchain they are using. Hence, such bridges are an absolute necessity to ensure that users have a seamless experience. By connecting our communities and finding innovative new ways of working together, as we did with Nervos, we can ensure that blockchain lives up to its promises to create a fairer and more efficient global financial operating system. “
Kevin Wang |, Co-Founder of Nervos, noted:
“Using the Force Bridge to connect the Nervos Network and Cardano is particularly exciting given the relationship we have already established with IOHK. We have expanded our research and development partnership, but we now have a tangible bridge that will also demonstrate the power of the Force Bridge and keep us moving towards a functioning, interoperable network. “
Mousebelt, a blockchain accelerator, will develop the bridge with financial support in the form of a grant from Nervos. The Cardano team will “bring their expertise and resources to connect Cardano to the bridge,” and work has “begun and the bridge is expected to be completed in the next six weeks,” the announcement confirmed.
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