Learn About EverBridge Locker Mechanism

Published on: 05.05.2023
Learn About EverBridge Locker Mechanism

Learn About EverBridge Locker Mechanism, EverRise EverBridge allows cross-chain bridging without minting and burning.

The locker system developed by EverBridge enables bridging across various blockchains without requiring the process of minting and burning. Experience lightning-fast cross-chain transactions and a seamless circulating supply with its cutting-edge locker system. Rest easy knowing that your project is safeguarded against any potential infinite mint exploits.

Learn About EverBridge Locker Mechanism, How It Works?

  • New smart contracts are created on each network to mint a matching supply on each blockchain.
  • The new supplies are locked within the bridge vault.When tokens are bridged, the tokens are locked within the bridge vault on that side of the bridge (blockchain of origin), and a corresponding amount of tokens are unlocked from the bridge vault on the other side of the bridge (blockchain of destination).
  • When tokens are bridged, the tokens are locked within the bridge vault on that side of the bridge (blockchain of origin), and a corresponding amount of tokens are unlocked from the bridge vault on the other side of the bridge (blockchain of destination).

EverBridge integrates blockchains to let Web3 builders and individuals move freely between networks at block speed. Expand your project across Ethereum, BNB Chain, Polygon, Avalanche and Fantom networks.

About EverRise

EverRise is a blockchain technology company building bridging and security solutions to create a safer space in DeFi. Coins are the native asset of a blockchain. $RISE is a token because it currently resides on Ethereum, BNB Chain, Polygon, Avalanche, and Fantom networks as an utility token.

 

Website | Twitter

 

SOURCE: https://everrise.com/everbridge/

 

Market Stats:
BTC Dominance: 53.94%(+0.20%/24h)
ETH Dominance: 17.5%(0.00%/24h)
Defi Market Cap: $85.09B(-8.24%/24h)
Total Market Cap: $2367.87B(-1.13%/24h)
Total Trading Volume 24h: $73.45B(-18.20%/24h)
ETH Market Cap: $414.16B
Defi to ETH Ratio: 20.55%
Defi Dominance: 3.42%
Altcoin Market Cap: $1090.57B
Altcoin Volume 24h: $44.34B
Total Cryptocurrencies: 30676
Active Cryptocurrencies: 10016
Active Market Pairs: 82073
Active Exchanges: 792
Total Exchanges: 8971
BTC: 64744.76$(-0.25%/1H)
ETH: 3446.09$(-0.28%/1H)
AVAX: 27.59$(-0.29%/1H)
BNB: 573.86$(0.07%/1H)
MATIC: 0.53$(-1.4%/1H)
FTM: 0.5$(0.12%/1H)
ADA: 0.44$(-0.57%/1H)
DOT: 6.19$(-0.67%/1H)
UNI: 7.92$(-0.64%/1H)
CAKE: 2.01$(0.14%/1H)
SUSHI: 0.74$(-0.33%/1H)
ONE: 0.02$(-0.36%/1H)