What is Allbridge?
A blockchain bridge is a connection that allows tokens and/or arbitrary data to be transferred from one chain to another. Both chains may have different protocols, rules, and governance models, but the bridge creates a reliable mechanism for both chains to interoperate.
There are a lot of diverse bridge designs, but they may generally be classified into two categories: more centralized bridges that rely on trust or federation, and more decentralized, trustless bridges.
Allbridge is a simple, modern, and reliable way to transfer assets between different networks. It is a bridge between both EVM (Like Ethereum, Polygon, BSC) and non-EVM compatible (like Solana, Terra) blockchains, that aims to cover L2 (like Arbitrum, Optimism) solutions and NFT transfers in the future.
Allbridge’s mission is to make the blockchain world borderless and provide a tool to freely move assets between different networks.
Allbridge enables connections between both EVM, L2 and non-EVM compatible chains. We bridge coins, tokens, and plan to extend the support to NFTs in the future.
Our underlying technology allows the transfers to be as fast as a normal transaction on a given blockchain. Every transfer involves 2 transactions: one, from the source blockchain, and the second one on the destination chain. In the case of Allbridge, the transaction takes only as much time as is required by a given blockchain to confirm it. If the confirmation speed is fast enough, the transfer can complete in practically no time.
Allbridge supports a number of different transfer types. Users may send Native tokens and receive either Native or Wrapped (minted) tokens on the destination blockchain. They may also send Wrapped tokens from the source blockchain and receive Native or Wrapped tokens on the destination chain.
The dynamic fees system allows Allbridge stakers to decrease the cost that they pay for transferring assets. The bridge fee is paid before the transaction is sent, thus staking on the source blockchain allows reducing the cost of bridging.
Our code has been audited by the industry’s security leader Hacken in search of potential vulnerabilities. The inspection found Allbridge’s code to be well-secured, demonstrating that our bridge is reliable and protects users’ funds from bad actors and malicious intentions.
If you are interested in seeing your token added to our bridge, please send an email here [email protected] with the answers to the following questions:
- 1.A link to your token page on CoinMarketCap or CoinGecko.
- 2.A list of chains where your token is already listed.
- 3.A list of chains to which you want to bridge.