Celer Network Integrates Polygon zkEVM on cBridge for Asset Bridging

On April 20, it was reported that Celer Network, a cross chain interoperability protocol, announced that its cBridge for asset bridging has integrated Polygon zkEVM. It initially supported ETH cross chain bridging between Polygon zkEVM and Ethereum, Arbitrum, Optimism and BNBChain, Polygon, Avalanche and Fantom. At present, the size of the new ETH liquidity pool on cBridge is limited to 100 ETHs.

Cross chain interoperability protocol Celer has supported Polygon zkEVM

Celer Network, a cross-chain interoperability protocol, has announced that its cBridge for asset bridging has integrated Polygon zkEVM. This integration will provide support for assets to be bridged between Polygon zkEVM and several other chains such as Ethereum, Arbitrum, Optimism, BNBChain, Polygon, Avalanche, and Fantom. This move holds incredible significance for the blockchain industry, and this article will discuss the implications of this integration on the blockchain world.

What is Celer Network?

Celer Network is a layer-two scaling platform that provides a fully-fledged development kit to enable developers to build and deploy scalable decentralized applications quickly. The platform provides a range of services, including state channel technology, off-chain liquidity APIs, multi-chain support, and infrastructure building tools, among others. Celer’s objective is to create a healthier, more scalable, and stable blockchain ecosystem.

What is Polygon zkEVM?

Polygon zkEVM is a new type of rollup that leverages zero-knowledge proofs to bundle transactions and execute them on the Ethereum Virtual Machine (EVM). It is built on the Polygon Network and aims to provide faster and cheaper transactions than conventional Ethereum operations. Polygon zkEVM is designed to support DeFi and NFT applications built on Ethereum without incurring high fees.

Why Did Celer Network Integrate Polygon zkEVM on cBridge for Asset Bridging?

The integration of Polygon zkEVM on cBridge for asset bridging means that users will be able to transfer assets seamlessly between Polygon’s different chains and other external chains. This integration will remove the need for users to create a custom bridge or rely on a centralized exchange to transfer assets between chains.
Celer Network believes in the potential of Polygon’s zkEVM to power interoperability and help the industry scale multiple chains. By integrating Polygon zkEVM, Celer Network will enable the exchange of assets between multiple chains seamlessly, reducing costs and increasing efficiency. The integration will help to provide faster and cheaper transactions than those available on standard Ethereum transactions.

What Are the Implications of cBridge’s Integration with Polygon zkEVM?

The integration of cBridge with Polygon zkEVM holds significant implications for the blockchain industry. It will enable users to transfer assets seamlessly across chains, providing significant benefits for DeFi and NFT applications. This move will transform the way developers create dApps, allowing them to build more scalable and seamless applications.
Integration with Polygon zkEVM will also make it easier for users to access different applications on different chains. They can do this without worrying about incurring high transaction fees, thus making the blockchain more user-friendly. This move signals a seamless transition between different chains, making cross-chain transactions faster, more efficient, and significantly cheaper.

What Are the Features of the Integration of Polygon zkEVM on cBridge?

The integration of Polygon zkEVM on cBridge comes with a few essential features. First, users will be able to transfer assets between Polygon zkEVM and other chains such as Ethereum, Arbitrum, Optimism, and BNBChain. Second, it will eliminate transaction costs and provide a cheaper and faster alternative to Ethereum transactions. Lastly, the integration will allow developers to build more scalable and efficient applications.

Conclusion

The integration of Polygon zkEVM on cBridge by Celer Network has significant implications for the blockchain industry. With this move, users will be able to transfer assets between multiple chains seamlessly, thus transforming the development of dApps and providing faster, more efficient, and cheaper cross-chain transactions. This integration signals a new era of cross-chain collaborations and interoperability and will pave the way for the creation of more scalable, efficient, and user-friendly blockchain applications.

FAQs

1. What is the significance of cBridge’s integration with Polygon zkEVM?
Ans: The integration of cBridge with Polygon zkEVM holds significant implications for the blockchain industry. It will enable users to transfer assets seamlessly across chains, providing significant benefits for DeFi and NFT applications, making the blockchain more user-friendly.
2. How will the integration of Polygon zkEVM on cBridge benefit developers?
Ans: Developers will be able to build more scalable and efficient applications with Polygon zkEVM on cBridge, with the integration making it easier to access and transfer assets between chains.
3. What are the features of the integration of Polygon zkEVM on cBridge?
Ans: Features of the integration of Polygon zkEVM on cBridge include the ability to transfer assets between multiple chains, eliminate transaction costs, and provide a cheaper and faster alternative to Ethereum transactions.