After much anticipation, we’re excited to announce our latest project with IOHK, the developers of the Cardano blockchain: a cross-chain bridge connecting the Cardano and Nervos networks. Once completed, it will be Cardano’s first cross-chain bridge, potentially unlocking access to billions of dollars in completed transactions and further propelling Nervos and Cardano’s shared vision for blockchain interoperability.
The bridge will allow users to use Nervos and Cardano’s native currencies ($CKB and $ADA, respectively) interchangeably, as well as create their own tokens (user-defined tokens) across both blockchains. On both Layers 1 and 2 of the Nervos network, wrapped $ADA tokens will be available for use across the chain’s rapidly expanding suite of DeFi applications. Additionally, the bridge will enable developers from both chains to access services and features to expand their dApps and user bases.
The first bridge outside of Ethereum to connect with the Nervos ecosystem, its completion will mark an important milestone for Nervos as it builds solutions to support multichain applications by connecting with other chains, including Cardano, who shares Nervos’ vision for a truly interoperable blockchain ecosystem and provides a faster, cheaper chain alternative as Ethereum gas fees continue to be a problem for users.
“We believe that blockchain technology will only achieve mainstream acceptance when end-users are not locked into one blockchain or standard, but can seamlessly access value and utility, regardless of which blockchain they are using. As a result, bridges like this are an absolute necessity in order to ensure that users have a seamless experience,” said Romain Pellerin, CTO at IOHK. “By connecting our communities and finding innovative new ways to work together, as we have been doing with Nervos, we can ensure that blockchain lives up to its promises of creating a fairer and more efficient global financial operating system.”
“Using the Force Bridge to link the Nervos Network and Cardano is especially exciting given the relationship we have already built with IOHK,” said Kevin Wang, co-founder of Nervos. “We have been growing our research and development partnership, but we now have a tangible bridge that will also showcase the power of the Force Bridge and push us further along the road to a functional interoperable network.”
Mousebelt, a full-service blockchain accelerator, will build the bridge with financial support in the form of a grant from Nervos. The Cardano team will contribute its expertise and resources to connect Cardano to the bridge. Work has commenced and the bridge is expected to be completed in the next six weeks.
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