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The second-tier expansion platform Celer Network officially launched the cBridge mainnet version. cBridge is a multi-chain network that allows users to more easily exchange assets across multiple blockchains.
Celer announced on Thursday that with cBridge, users can instantly transfer tokens between Ethereum, Polygon, Binance Smart Chain and Arbitrum network without encountering any liquidity bottlenecks. The company claims that cBRidge solves many existing challenges that hinder the full integration of the second-tier scaling solution, including an overly complex user experience and the large amount of resources required to move assets across multiple chains.
related: Multi-chain future will accelerate innovators and entrepreneurs
Mo Dong, co-founder of Celer Network, stated that the mission of his project is to democratize blockchain technology and make it more attractive to mainstream audiences:
“As an open source platform with the mission of bringing blockchain applications to the mainstream, the goal of our cooperation with cBridge is to provide a high-performance and cost-effective interoperable value transfer network without compromising security or trustless assurance .”
The cBridge application may be particularly useful for DeFi users, who can use the technology to manage transfer and liquidity costs when moving tokens.As Cointelegraph reported, the need to reduce transaction costs associated with DeFi has Attract more developers to join Celer Network. So far, Celer applications and middleware have attracted more than 1 million users, mainly in the areas of DeFi, games, and interoperability.
related: A trustless bridge may be the key to blockchain interoperability
Projects that promote cross-chain integration will receive more attention in 2021. Most of them are related to the Polkadot ecosystem, which emphasizes interoperability and cross-chain transmission. Polkadot integration news Sparked a mass rally of CELR, Celer’s native token, earlier this year.
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