Curvegrid's MultiBaas Bridge is a cross-chain portal that facilitates fast, reliable, secure movement of digital assets between blockchain platforms. It moves ERC20, ERC721, and ER1155 assets bidirectionally between public blockchains, including Ethereum, Binance Smart Chain, and xDai.
Digital assets may exist on multiple blockchain platforms. Moving assets between blockchains is difficult, but it can be accomplished by removing an asset from a source blockchain, and creating it on a target blockchain.
The following diagram illustrates a sample asset transfer flow and works as follows:
MultiBaas Bridge is built to work with leading blockchain platforms (Ethereum, Binance Smart Chain, xDai, etc.) and based on MultiBaas blockchain middleware. Using MultiBaas simplifies complex low-level blockchain tasks.
Multiple relayers ensure that only valid transactions are passed between blockchains. Administrative functionality is delegated to an integrated multisignature wallet for further security.
Ethereum guarantees only eventual consistency, and chain reorganizations are a constant reality. The number of blocks to wait is configurable on a per-blockchain basis. For example, wait one block on BSC, and wait six blocks on Ethereum.
The burn and mint transactions have a transaction cost. This could either be covered by the operator, or payable in ETH or another asset at the time the transaction is made.
Some assets cannot be minted/burned at will. They may have a fixed supply, or be unique. In that case, the contract will lock the asset in custody on the source chain, and unlock the asset on the target chain. Minting on the target chain can either be done by MultiBaas, or by the asset creator.
Dvision (South Korea) is building an immersive VR city based on blockchain where their customers can list, sell, and purchase unique digital items in a VR marketplace.
Dvision’s customers wanted the ability to transfer digital assets between the Binance Smart Chain and Ethereum blockchains to optimize for low cost, high speed transactions vs. better liquidity.
Dvision’s customers transfer their digital assets between different blockchains over MultiBaas Connect directly within the Dvision VR app without switching to a different app or website.
We're here to help you achieve your vision, whether it's a DeFi platform, algorithmic trading strategy or an analytics dashboard.