AirDAO launches Ethereum cross-chain bridge for its Layer 1 network

AirDAO launches Ethereum cross-chain bridge for its Layer 1 network


Blockchain


AirDAO, the decentralized autonomous group that governs the Ambrosius Layer 1 community, launched an Ethereum bridge for its blockchain ecosystem.

It is the second cross-chain bridge enabled by AirDAO on the Ambrosius chain and can allow customers to maneuver supported crypto tokens from the Ethereum community to its personal. The ecosystem already has a BNB Sensible Chain bridge.

The cross-chain bridges are amongst a slew of recent options launched by AirDAO for the Ambrosius chain. The DAO has additionally enabled token swaps by way of a decentralized alternate known as FirepotSwap and staking.

Cross-chain bridges have turn out to be targets of refined cyberattacks in current instances. Hackers have stolen over $2.5 billion from cross-chain bridges within the final two years.

These incidents presently account for greater than half of all DeFi-related crypto thefts, resulting in debates about enhancing bridge safety. A few of the main bridge hacks embrace the Ronin and Poly Community assaults that noticed a mixed complete of over $1 billion stolen.


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