Celer Network is excited to announce the successful implementation of bridging support for Conflux eSpace. Users can now bridge USDT, USDC, DAI, ETH, and WBTC between Ethereum and Conflux in a fast, secure and low-cost fashion.
Celer-bridged token addresses on Conflux eSpace:
The Conflux blockchain enables creators, communities, and markets to connect across borders and protocols. Conflux allows high throughput via a breakthrough Tree-Graph consensus algorithm which uses parallel processing of blocks and transactions to lower confirmation times and increase TPS. Conflux has PoW security, multi-bridge supported interoperability, unmatched scalability and low or even sponsored fees for a smooth onboarding experience.
The Conflux eSpace is a newly launched EVM compatible space alongside the Conflux Core Space. Following the Open Canonical Token Standard, Celer’s bridging support for Conflux eSpace has started with USDT, USDC, DAI, ETH, and WBTC, and will extend to other tokens going forward, outlining a more secure and flexible approach to facilitate interoperability between Conflux and the broader blockchain space.
Celer will keep working with other core interoperability contributors to promote the open standard as a default deployment model. Massive efforts have been seen from different chains and protocols like Conflux in raising the awareness of phasing out bridging practices that come with innate vendor lock-in implications. What this will mean is a future blockchain space with not only just workable interoperability, but more decentralized, secure and upgradable cross-chain potential.
About Conflux Network (CFX)
Conflux is a permissionless Layer 1 public blockchain connecting decentralized economies across borders and protocols. Fast, scalable, and solidity compatible, with zero congestion and low fees, Conflux is transforming how the world transacts and leading the transformation to a sustainable, borderless economy.
As the only regulatory compliant, public, and permissionless blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. Conflux aims to connect decentralized economies to strengthen the overall DeFi ecosystem globally.
To learn more about Conflux, visit confluxnetwork.org/
About Celer Network
Celer is a multi-chain operating system that allows the various application logic, liquidity and states, normally segregated across different chains, to communicate with one another and enables seamless inter-chain composability for dApp developers and projects. Developers can build inter-chain-native dApps using the Celer Inter-chain Messaging SDK with efficient liquidity utilization, coherent application logic, and shared states. Users of Celer-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem with the simplicity of a single-transaction UX from a single chain.
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