Polygon Bridge has just announced a partnership with Gnosis Safe, helping users to move multisig cross-chain assets in a more convenient and cost-effective way.

In its post, Polygon Bridge said transaction costs on Ethereum are a major barrier. Especially with complex operations like Gnosis Safe’s multisig wallet, this barrier is even greater.

Understanding this problem, the product team built a Gnosis Bridge – a solution to support the transfer of Safe assets between the two Ethereum and Polygon networks.

This means that DAO organizations can use multi-signature wallets, and transfer assets back and forth between chains without worrying about security, cost, and processing speed.

Gnosis Safe is a solution that allows users to set up multi-signature wallets, reduce the risk of security attacks, and store decentralized assets.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

Gnosis Bridge

Multisig Wallet Safe

Polygon

Polygon Bridge

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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Blockchain

Polygon Launches Gnosis Bridge Built For Multisig Wallet Safe

Polygon Bridge has just announced a partnership with Gnosis Safe, helping users to move multisig cross-chain assets in a more convenient and cost-effective way.

In its post, Polygon Bridge said transaction costs on Ethereum are a major barrier. Especially with complex operations like Gnosis Safe’s multisig wallet, this barrier is even greater.

Introducing Gnosis Bridge—Polygon PoS Bridge for @GnosisSafe users.

Transfer your high-value assets from Ethereum to #Polygon where you can save on gas without compromising security.

Read more????https://t.co/Xo9PlACXJT

— Polygon (Labs) (@0xPolygonLabs) August 9, 2022

Understanding this problem, the product team built a Gnosis Bridge – a solution to support the transfer of Safe assets between the two Ethereum and Polygon networks.

This means that DAO organizations can use multi-signature wallets, and transfer assets back and forth between chains without worrying about security, cost, and processing speed.

Gnosis Safe is a solution that allows users to set up multi-signature wallets, reduce the risk of security attacks, and store decentralized assets.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

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