Your All in One Web3 Bridge – Connect, Transfer, Earn, Thrive
Our Relayer Bridge is a one stop technical solution crafted to provide holistic interoperability across metaverses, blockchains, networks and layers seamlessly
The Relayer Bridge is a technical solution designed to solve the problem of interoperability between different blockchain networks. It enables the transfer of assets from one blockchain to another, allowing users to access a wider range of decentralized applications and services. The proposal outlines how the Relayer Bridge works, the alternatives considered, and how its success will be measured.
The Goal of the Relayer Bridge
The Relayer Bridge aims to connect different blockchain networks that operate using Ethereum Virtual Machine(EVM) to allow users to transfer multiple standard assets across various networks
The Goal of the Relayer Bridge
The Relayer Bridge aims to connect different blockchain networks that operate using Ethereum Virtual Machine(EVM) to allow users to transfer multiple standard assets across various networks
Unlocking the Future of Finance: Crypto Bridge – Where Possibilities Connect.
Crypto Bridge employs robust security measures, such as two-factor authentication (2FA), cold storage for assets, and encryption, to protect users’ funds and personal information.
Overview of the Relayer Bridge Design
The Relayer Bridge consists of multiple relayer nodes running in the background that are responsible for monitoring the deposit transactions and voting process to mint tokens, Each relayer upon receiving a successful deposit transaction made on the source end will vote to the proposal for minting tokens to users on the destination side.
After receiving the minimum number of votes ( ≥ 60% of total votes) the bridge contract will then mint or release tokens on the destination side according to the norms set to the asset.
How does it work?
Transfer Flow At Source Chain
1
Some user calls the deposit function on the bridge contract. A depositRecord is created on the bridge and a call is delegated to a handler contract specified by the provided resourceID.
2
The specified handler’s deposit function validates the parameters provided by the user. If successful, a depositRecord is created on the handler.
3
If the call delegated to the handler is successful, the bridge emits a Deposit event.
4
Relayer nodes parse the Deposit event and retrieve the associated DepositRecord from the handler to construct a message.
Transfer Flow At Destination Chain
1
A Relayer calls vote Proposal on the bridge contract. If a proposal corresponding with the parameters passed in does not exist, it is created and the Relayer’s vote is recorded. If the proposal already exists, the Relayer’s vote is simply recorded.
2
Once we have met some vote threshold for a proposal, the bridge emits a Proposal Finalized event.
3
Upon seeing a ProposalFinalized event, Relayers call theexecuteDepositfunction on the bridge. executeDeposit delegates a call to a handler contract specified by the associated resourceID.
4
The specified handler’s executeDeposit function validates the parameters provided and makes a call to some contract to complete the transfer.
Features of Arc Relayer Bridge
Decentralization
The Relayer Bridge holds no tokens during the entire life cycles. All the assets are deposited and held by the Handler contracts of the respective chains. If the tokens are set to burnable on the a certain chain, then the process is initiated only by burning the tokens.
Multi-asset Support
The Relayer Bridge allows the transfer of standard assets across different blockchain networks. It currently supports ERC20 ERC721 and ERC1155 assets,. This feature expands access to decentralized applications and services and drives blockchain technology adoption. It is a key component of Relayer Bridge’s mission to connect blockchain networks and promote interoperability.
Speed
Unlike other bridges, the Arcade relayer bridge doesn’t have any waiting period. The transfer happens with 2 to 3 minutes depending upon the network traffic at the given time.
The Fastest relayer Bridge
Bridge | Assets Supported | Fee | Time for transfer |
|---|---|---|---|
Celer Bridge | ERC20, ERC721 | 0 - 2% | 5-20 minutes |
Portal (Wormhole) | Token, NFT | $0.0001 | Around 10 minutes |
Cross-chain | ERC20 | 0.1% | 20 blocks |
Arcade | ERC20, ERC721, ERC1155 | 0 | 5 to 10 minutes |
Working of bridge with respect to a metaverse
Roadmap to future
