Near Protocol Launches Rainbow Bridge

Global Crypto News
Published on: 08.04.2021

Big development for the NEAR Protocol for launching its Ethereum Bridge to give users cross-chain interoperability.

The Rainbow Bridge will allow users to transfer ERC-20 tokens between Ethereum and NEAR blockchains with faster and lower transaction cost.

With this bridge, demand in Ethereum blockchain will be reduced at the same time give developers a chance to build in NEAR without having to worry of losing Ethereum users.

NEAR Protocol is a proof-of-stake blockchain that uses dynamic sharding for scalability and backed by prominent investors a16z, Coinbase
Ventures, and Pantera Capital.

#SmartCrypto

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