New Avalanche Bridge Builds on Intel SGX Technology in Breakthrough for Cross-Chain Interoperability
The new bridge is 5x cheaper than the Avalanche-Ethereum Bridge launched in early 2021.
Today marks the launch of the next generation of cross-chain bridging technology with the Avalanche Bridge (AB). The AB replaces the existing Avalanche-Ethereum Bridge (AEB) launched in February, and provides a significantly better user experience with stronger security, faster finality, and dramatically lower fees.
It is estimated to be 5x cheaper than the AEB, with a better user experience than any cross-blockchain bridges launched to-date. This breakthrough in bridge technology is built using Intel SGX Enclave technology, a breakthrough in secure computing that facilitates all operations in a closed environment and ensures it is tamper-proof.
The AB was designed to satisfy the following requirements:
Secure: the bridge must be audited and built with security-first technologies.
Cost Effective: the cost for bridging assets should be as low as possible.
Fast: the transaction should take the least amount of time possible.
Transparent: users should be informed of the transfer status at every step of the process.
Intuitive: users new to crypto asset transfers can easily understand the steps necessary to use the bridge
Ecosystem-supportive: upon crossing the bridge, users should understand all of the capabilities of the Avalanche ecosystem and experience minimal friction in seizing opportunities.
Multi-chain: the bridge will support a growing number of blockchains in the future to center Avalanche as a core hub of DeFi.
In addition to this robust set of features, the Avalanche Bridge is designed to provide users with seamless integrations to other core Avalanche tools including the Wallet and Explorer. Both applications are currently undergoing dramatic next generation improvements to provide Avalanche users a seamless on-chain experience across desktop and mobile devices.
The bridge’s secure SGX Enclave establishes a consortium of trusted partners called Wardens. The Warden uses remote attestation technology to ensure that the bridge is operating securely within the enclave and running an audited version of the code.
In addition, the Wardens assist in the secure back-up and recovery of the bridge credentials, ensuring that funds held by the bridge are safe, while guaranteeing the integrity of each transaction. Wardens do not have as high of a technical burden as operators of other bridges, which is expected to enhance the reliability of the bridge operations.
ABOUT AVALANCHE
The Avalanche crypto platform is one of many projects seeking to unseat Ethereum as the blockchain ecosystem’s most widely utilized smart contract platform.
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