A NEWLY RELEASED INTER CHAIN BRIDGE BY BLUZELLE TO CONNECT ETHEREUM AND COSMOS
Bluzelle has recently released an upgrade of the Bluzelle bridge that can enable the connection between the ETHEREUM and the COSMOS ecosystem. Bluzelle bridge is the first automated ETHEREUM to COSMOS relayer when it comes to productivity. The Bluzelle bridge can convert the ERC20 BLZ to its COSMOS counterpart and vice-versa. While it is alongside the latest version of Tendermint and Cosmos, the Bluzelle bridge enables ERC20 tokens to be converted to native BlZ tokens on Cosmos at a breakneck pace and remain fully automated.
WHY IS BLUZELLE BRIDGE IMPORTANT
There is a native dual token system on Bluzelle and, at the same time, have a personal Chain that is based on Cosmos. Bluzelle has to be able to take care of typically the power for ERC20 BLZ tokens being exchanged along with others. There has to be a connection that permits secure, stable, and automatic conversion associated with tokens between the two networks. Bluzelle bridge is a relayer that put the ERC20 and BLZ into a smart contract and transfers the data to the Bluzelle chain. And the ability of the Bluzelle bridge to connect two ecosystems together makes it more secure and stable.
Nonetheless, the limited tools out there are of the early stage. The shortage of stability and compatibility makes it not safe enough to be production-ready. With the ambitious Mainnet schedule, The Bluzelle project would be a production-ready relayer, which will support many transactions across Ethereum and, therefore, the Bluzelle Chain.
There will be more chains that will be built on Cosmos. Several blockchains have to conduct token swaps. It is usually a manual procedure, requiring exhausting and also time-consuming confirmations using a high probability that errors will occur. The token swap is definitely also a one-time procedure and in many of these kinds of cases. Once their possessions are moved from Ethereum to Cosmos, it will entirely be out of the Ethereum ecosystem, which is some sort of significant barrier.
The relaying service will connect the two ecosystems and make it able to move freely in both directions, and this has made the relaying service a high demand project and also the brain behind the development of the Bluzelle bridge.
THE WORK OF BLUZELLE BRIDGE
How the Bluzelle bridge works are shown in the diagram below. The diagram shows the process of converting the ERC20 BLZ to the native BNT tokens.
FROM BLZ TO BNT
FROM BNT TO BLZ
FEATURES OF THE BLUZELLE BRIDGE
The Bluezelle Bridge has four main Features:
BI-DIRECTIONAL
The Bi-Directional feature enables exchanges between ERC20 BLZ to the BNT native token, which is based on Cosmos and vice versa. It simply means is the network can remain in both the Ethereum and Cosmos ecosystem and also permits transactions to pass through the two networks and be able to convert any of the tokens at any time.
FULLY AUTOMATED
Apparently, the Bluzelle Bridge will not necessarily count on any manual assistant for transactions. If you submit some sort of request to convert any tokens, the whole process is totally automated. Hence there won’t be any delay before you receive your converted token
STABLE AND SECURE
The relayer is readily intended for production use. It has been transferred to the Bluzelle Soft Mainnet and is also efficiently handling the increasing amount of staking transactions within the network.
COMPATIBLE WITH THE LATEST VERSION OF TENDERMINT/COSMOS
The Bluzelle is the first blockchain to use the latest version of Tendermint and Cosmos. The Soft Mainnet is of excellent test field regarding the Bluzelle Bridge, along with more users taking part in staking.
Presently, there is an automatic open conversion from BLZ to BNT. They are cautiously opening upconversion coming from BNT back to BLZ when it is time to transfer to the production Mainet.
About Bluzelle
Powered by a byzantine fault-tolerant cluster of blockchains customized specifically for database operations, Bluzelle is a decentralized database for Web3. Its advanced data delivery network promises to protect businesses from data breaches, network failures, and performance troubles. Bluzelle effectively serves as an “Airbnb of databases,” with developers paying for storage space and read/write to the decentralized database.
For more information about Bluzelle…………
https://t.co/g1Xip00zGc
Website: www.bluzelle.com
Telegram: https://t.me/bluzelle
Twitter: https://twitter.com/BluzelleHQ
Reddit: https://www.reddit.com/r/Bluzelle/
