BIFROST Network
  • Introduction
  • Bifrost Network Architecture
    • Consensus
    • Cross-Chain Communication Protocol (CCCP)
    • Oracle Service
  • Running a Node
    • Basic-Node Requirements
    • Full-Node Requirements
    • Validator Account Management
    • Guide for Operators
      • Setting up an Endpoint Node
        • Using Docker
        • Using Systemd
      • Setting up a Validator Node
        • Using Docker
        • Using Systemd
      • Setting up a Relayer
        • bifrost-relayer.rs
        • bifrost-relayer.py (Deprecated)
      • Chain Data Snapshots
      • Trouble Shooting
        • Testnet Chain Sync Issue
    • System Monitoring
      • Prometheus and Grafana
      • Sentry
  • Nominators
  • Developer Documentations
    • Ethereum API
      • Ethereum Precompiled Contracts
      • Libraries
      • Developer Environments
    • Bifrost Precompiled Contracts
      • Staking
      • Governance
      • RelayManager
    • Pallet Interfaces
      • BfcStaking
      • BfcUtility
      • BfcOffences
      • RelayManager
    • Client API
      • JSON-RPC API
        • author
        • chain
        • childstate
        • debug
        • eth
        • grandpa
        • net
        • offchain
        • payment
        • rpc
        • state
        • system
        • trace
        • txpool
        • web3
      • Explorer API
      • Runtime API
    • Cross-Chain Transaction and Oracle API
      • Price Oracle Contract API
      • Socket Contract API
    • Testnet Faucet
  • Governance
  • Security
  • Tokens & Assets
    • Unified Token
    • Inflation Model
  • Add Network
    • Pockie
    • MetaMask
  • Bridge
    • Bridge Guide
      • Depositing to the Bifrost Network
      • Withdrawing to another network
    • Glossary
  • Staking
    • Staking Guide
      • Stake BFC
      • Unstake BFC
    • Glossary
      • All Validators
      • My Staking Status
  • Language
    • 바이프로스트 네트워크 가이드
Powered by GitBook
On this page
  1. Bridge

Bridge Guide

The BIFROST Bridge

What is a bridge?

A bridge is a service that allows the transfer of information and assets existing on different blockchain networks. An example of when and how a bridge would be used is as follows. If a user has USDC on Ethereum and wants to use this asset on the BIFROST Network, the user would use a bridge to transfer USDC from Ethereum to BIFROST. All blockchain networks, such as Ethereum and Polygon, have their own set of rules and consensus mechanisms. Bridges are a solution to connect these two economically and technologically different networks in order to broaden cryptocurrency usage and enhance interoperability.

Why do we need a bridge?

As mentioned previously, all blockchains have independent environments, each with its rules and consensus mechanisms. As such, each chain on its own cannot communicate with another, and tokens minted on one network cannot move to another network freely. A bridge is used to overcome this problem of interoperability and allows assets to move freely across chains. In addition to the above, the BIFROST Bridge acts as a core infrastructure in forming a multichain ecosystem by providing the benefits listed below.

  • Support for major networks, such as BIFROST, BNB Chain, Polygon, and Ethereum

  • A low service fee of 0.005%

  • Fast execution speed, with a maximum of 15 minutes

  • High compatibility with BIFROST Network Staking, BiFi, BiFi X, Pockie, CrossChainSwap and other BIFROST DApps

  • Solving the problem of liquidity fragmentation

Supported networks and tokens

Here is the list of networks and assets currently supported by the BIFROST Bridge. This list will grow as more networks and tokens are added.

Network
Assets

Bifrost

BFC, BiFi, ETH, USDC, USDT, DAI, BtcUSD, BTCB, WBTC, cbBTC, BTC, BNB, POL, CORE, P2D, WITCH, SAT, EGG

Bitcoin

BTC

Ethereum

BFC, BiFi, ETH, USDC, USDT, WBTC, WITCH, SAT, EGG

Base

ETH, DAI, USDC, BtcUSD, cbBTC

Arbitrum

ETH, USDC, USDT, WBTC

Core

CORE, BtcUSD, BTCB, WBTC

BNB Chain

BNB, USDC, USDT, BtcUSD, BTCB, P2D

Polygon

POL, USDC, WBTC

Oasys

BFC, BtcUSD

PreviousMetaMaskNextDepositing to the Bifrost Network

Last updated 2 months ago