Bridge Thread #1. Bridge is getting closer. Did you know tokens never leave their "home" chain when you cross the bridge.
07 Nov 2023, 17:19
Bridge Thread #1
Bridge is getting closer... Did you know tokens never leave their "home" chain when you cross the bridge?
Here's why👇
Same news in other sources
6AlephiumALPH #382
07 Nov 2023, 17:20
And that's how your bridged tokens work on a lock & mint bridge....
Stay tuned for more on tokens, token registration and alternative bridge uses!
And that's how your bridged tokens work on a lock & mint bridge.
And that's how your bridged tokens work on a lock & mint bridge....
Stay tuned for more on tokens, token registration and alternative bridge uses!
AlephiumALPH #382
07 Nov 2023, 17:19
🔄 It's the same process, but in reverse!
Bob sends the wALPH tokens to the Wormhole Core Contracts on Ethereum, where they're "burned".
A confirmation message regarding the token burn event is emitted.
It's the same process, but in reverse.
🔄 It's the same process, but in reverse!
Bob sends the wALPH tokens to the Wormhole Core Contracts on Ethereum, where they're "burned".
A confirmation message regarding the token burn event is emitted.
AlephiumALPH #382
07 Nov 2023, 17:19
Guardians verify and form a VAA, which is then relayed back to @Alephium .
The Core Contracts on Alephium unlock the native $ALPH tokens, transferring them to Bob upon his "redeem" request.
Guardians verify and form a VAA, which is then relayed back to @Alephium .
Guardians verify and form a VAA, which is then relayed back to @Alephium .
The Core Contracts on Alephium unlock the native $ALPH tokens, transferring them to Bob upon his "redeem" request.
AlephiumALPH #382
07 Nov 2023, 17:19
4️⃣ Each guardian independently and automatically verifies the message's validity ✅
5️⃣ Once a quorum of guardians reaches a consensus on validity, they form a Verifiable Action Approval (VAA) which is just a cross-bridge kind of message.
Each guardian independently and automatically verifies the message's validity.
4️⃣ Each guardian independently and automatically verifies the message's validity ✅
5️⃣ Once a quorum of guardians reaches a consensus on validity, they form a Verifiable Action Approval (VAA) which is just a cross-bridge kind of message.
AlephiumALPH #382
07 Nov 2023, 17:19
3️⃣ Guardians capture the message!
👾 100 $ALPH belonging to Alice are locked 👾
Guardians capture the message. 100 $ALPH belonging to Alice are locked.
3️⃣ Guardians capture the message!
👾 100 $ALPH belonging to Alice are locked 👾
AlephiumALPH #382
07 Nov 2023, 17:19
1️⃣ The 100 $ALPH are transferred to the core contract on the native @Alephium chain and are locked.
2️⃣ The Core Contract emits a confirmation message indicating the token locking event.
The 100 $ALPH are transferred to the core contract on the native @Alephium chain and are locked.
1️⃣ The 100 $ALPH are transferred to the core contract on the native @Alephium chain and are locked.
2️⃣ The Core Contract emits a confirmation message indicating the token locking event.