🌉1. DIFINES Bridge

DIFINES Bridge 2.0

DIFINES Bridge 2.0

Blockchain bridges enable interoperability and connectivity between unique blockchains that operate under different consensus mechanisms(or sometimes the same one).

More clearly put, blockchain bridges allow two different blockchains to interact with each other.

Blockchains can share smart contract execution instructions, transfer tokens, and share data & resources back and forth between two independent blockchains as they no longer remain limited by their origin.

These blockchains can even access the off-chain data, such as access to the live chart of the stock market. Some of the widely used blockchain bridges are xPollinate, Matic Bridge, Binance Bridge, LayerZero, Axelar, and Bungee.

The Bridge 2.0 project enables swaps of ERC20 tokens that already exists, like the Jasmy token($JASMY) between two blockchain.

Why do we need bridges?

The Bridge 2.0 project enables swaps of any ERC20 token that already exists.

Lower Transaction Fees

Let's say you have ERC20 token on Ethereum but want cheaper transaction fees to explore different dapps.

By bridging your ERC20 token from Ethereum to the BNB Chain, you can enjoy lower transaction fees on the BNB chain.

Benefits

• Users can leverage the benefits of two separate blockchains to create Dapps instead of only from the hosted blockchain. It means a user can deploy Dapp on Solana and can power the Dapp with Ethereum’s smart contract technology.

• Users can transfer tokens from a blockchain that charges high transaction costs to another blockchain where transaction costs are comparatively cheaper.

• With the ability to transfer tokens instantly, users can shift from a volatile cryptocurrency to Stablecoins quickly without taking the help of an intermediary.

• One can also host digital assets on a decentralized application of a different blockchain. For example, one can create NFTs on the Cardano blockchain and host them on the Ethereum marketplace.

How it works

(1) Connect wallet

(1) Connect Wallet

(2) Choose your bridge swap direction

(2) Choose your bridge swap direction

(3) Enter the bridge token address to swap

(3) Enter the bridge token address to swap

(4) Enter swap amount

Enter swap amount

(5) After enter receipt address (or you can leave it as empty), click the Swap button

(5) Enter receipt address (or leave it as empty), and click the Swap button