Syscoin launches a trust-minimized bridge with Ethereum
Syscoin introduced its cross-network bridge to Ethereum efficiently launched on mainnet earlier at present. This bridge goals to create a path for cross-chain ERC-20 token transfers with out the necessity for a third token or middleman.
Why it issues:
Interoperability ought to stay a related theme all through 2020 inside crypto. High-profile initiatives Polkadot and Cosmos anticipate to launch their very own cross-chain communication options in some unspecified time in the future this yr, which may draw person visitors away from present networks. On the flip aspect, Keep Network and Summa proceed to progress with their trust-minimized ETH-BTC bridge (and the lately proposed ETH-ZEC bridge), which expands the checklist of alternatives for customers of each Bitcoin and Ethereum.
The Syscoin Ethereum Bridge is a comparatively distinctive piece of infrastructure. Check out the AMA Messari hosted with Syscoin to study extra concerning the internal workings on the bridge and the way it differs from different interoperability efforts.