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Celer Network Launches cBridge for Fast and Low-Cost Transfers

Celer Network Launches cBridge for Fast and Low-Cost Transfers | COSS Exchange

Celer Network Launches cBridge for Fast and Low-Cost TransfersCeler Network’s multi-chain platform cBridge has just gone live on its mainnet.The multi-chain bridge targets interoperability and movement between different networks.It will allow instant token transfer cross-chain and cross-networks.Celer Network’s multi-chain platform cBridge has just gone live on its mainnet. Users can now utilize the newly-launched network to instantly transfer tokens across Ethereum, Arbitrum, Polygon, and Binance Smart Chain at a low cost and latency. cBridge uses Celer’s existing State Channel technology and aims to take down major challenges preventing a sustainable multi-chain and multi-layer-2 future. It targets issues such as complex UI and UX as well as the high time and cost required to move assets between multiple chains and layers. It especially looks at the anticipated Ethereum layer2 rollup chains i.e. Arbitrum and Optimism. For these, cBridge lets users deposit and withdraw directly and at a fraction of the cost, as well as r...Continue reading on CoinQuora

 

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