Blockchain

AirDAO Launches Ethereum Cross-chain Bridge

The Ambrosius Layer 1 network’s decentralized autonomous organization, AirDAO, has introduced an Ethereum bridge for its blockchain environment.

AirDAO Launches Ethereum Cross-chain Bridge 2

AirDAO has launched a number of new features for the Ambrosius chain, including the cross-chain bridges. Through staking and a decentralized exchange called FirepotSwap, the DAO has also made token swaps possible.

The Ambrosius chain’s second cross-chain bridge, will let users transfer supported cryptocurrencies from the Ethereum network to its own. It was enabled via AirDAO. There is already a BNB Smart Chain bridge in the ecosystem.

Cross-chain bridges have recently become the focus of sophisticated cyberattacks, though. The most recent accident cost the platform around $100 million and occurred on the BNB Chain bridge.

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Harold

CoinCu News

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.