Polkadot Community Proposal to Develop Polkadot and Cardano Interoperability Bridge
The Polkadot community is discussing a new proposal to develop a bridge to connect Polkadot and Cardano.Unifires agent Felix revealed that a proposal for a Cardano-Polkadot light client and NFT exchange bridge has been submitted and is scheduled to be submitted to Polkadot's OpenGov.Polkadot Chief Ambassador Tommi Enenkel (Alice and Bob) said that this could be accomplished by validating Beefy proofs on Cardano. The proposal received general support from the community. In addition, SnowBridge was launched on June 20 to connect Polkadot to Ether.SnowBridge uses first-party signatures from verifiers to support the transfer of ERC20 assets between the two networks, and is expected to enable at-will messaging and start liquidity programs in the future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Treasury Secretary: Walsh and Hassett are both "very, very qualified" to serve as Federal Reserve Chair
U.S. Treasury Secretary Yellen: The U.S. is expected to end 2025 with a GDP growth rate of 3.5%
Analysis: PIPPIN insiders control 80% of the token supply.
Valour, a subsidiary of DeFi Technologies, receives approval to list SOL ETP in Brazil
Trending news
MoreCrypto prices
More
