Cross Chain Bridge
Cross Chain Bridge
Within the DeFi landscape, the role of multi-chain bridges is pivotal, facilitating the seamless transfer of digital assets across diverse blockchains. NvirWorld’s decentralized bridge is meticulously crafted to accommodate multiple blockchains, offering users a versatile array of options for handling their digital assets.
NvirWorld's multi-chain bridge directly tackles the interoperability challenge in the DeFi ecosystem. With its capability to navigate multiple blockchains, users gain effortless control over the movement of their assets across different networks, presenting novel opportunities for asset management and utilization. The decentralized nature of the bridge guarantees the security and safeguarding of users' assets at all times. This decentralized approach not only ensures security but also eliminates the need for intermediaries, significantly reducing the risk of fraudulent activities, instilling greater trust in asset transfers.
N-Hub Bridge, the cornerstone of our multi-chain solution, initiates our commitment to provide convenience across various networks, including Ethereum and BNB Chain. The current N-Hub Bridge constitutes the following features:
BNB Chain Integration: BNB Chain, our first multi-chain for NVIR tokens, is selected for its widespread use, featuring low gas fees, fast transactions, and exceptional stability
Real-Time Swapping: Enables real-time swaps between Ethereum and BNB Chain, with an average duration of 10 to 20 minutes, subject to network conditions. (Note: longer durations may occur during high network congestion or on-chain issues)
EVM Chain Compatibility: Planned compatibility with all EVM chains, currently supporting NVIR token swaps; Future developments include the integration of other L2 centric bridges like Orbiter Finance or Owlto Finance to facilitate the transfer of other assets from Nural Network to other L2 rollups, vice versa
Fee Structure: Transaction fees for cross-chain transfers will be denominated in NVIR tokens and will be automatically deducted from the total tokens sent to the target chain; Our bridge fees are fixed, with minimal fluctuations anticipated only in response to external factors such as network traffic congestion
Fee Setting:
A fixed US$3 equivalent of NVIR will be charged for Ethereum to BNB Chain bridging
A fixed US$0.3 equivalent of NVIR will be charged for BNB Chain to Ethereum bridging
Fees are subject to change based on fluctuations in network fees and NVIR price variations
Fee reconciliation will be systematically undertaken on a monthly basis, with comprehensive details available on a dedicated dashboard for transparent reporting and monitoring
Transparency and Information: Information related to on-chain swaps can be verified on the respective network scans
Operational Stability Measures: In the initial phase, the bridge will implement minimum and maximum asset values per swap to ensure stable and smooth operation
Note: All on-chain swaps are irreversible, emphasizing the need for careful decision-making
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