How BridgeNet Works
Understanding the technology behind our secure cross-chain bridge protocol
Protocol Overview
BridgeNet uses a lock-and-mint mechanism combined with a decentralized validator network to enable secure cross-chain token transfers. This approach ensures that the total supply of tokens remains constant across all chains, preventing inflation and maintaining the token's value.
Our protocol is designed with security as the top priority, implementing multiple layers of verification and cryptographic proofs to ensure that your assets are protected throughout the bridging process.
Key Components
- Smart Contracts
Chain-specific smart contracts that handle the locking, minting, and burning of assets.
- Validator Network
A decentralized network of validators that verify cross-chain transactions and sign multi-signature approvals.
- Liquidity Pools
Network-specific liquidity pools that facilitate instant transfers for supported assets.
The Bridge Process
How tokens are transferred securely from one blockchain to another
Lock Tokens
When you initiate a bridge transaction, your tokens are locked in a secure smart contract on the source blockchain. This ensures that the tokens cannot be spent or transferred while the bridge process is ongoing.
Verify Transaction
BridgeNet's validator network confirms the transaction across chains using multi-signature verification. This decentralized approach ensures that no single entity can compromise the security of the bridge.
Mint or Release Tokens
Once verified, equivalent tokens are minted or released from a liquidity pool on the destination blockchain. The tokens are then sent to your wallet address on the destination chain.
Technical Details
BridgeNet employs a hybrid architecture that combines the security benefits of multi-signature validation with the efficiency of optimistic verification for certain transaction types. This approach allows us to maintain high security standards while providing fast transaction processing for users.
Transaction Verification
When a user initiates a bridge transaction, the source chain smart contract emits an event with the transaction details. Validators monitor these events and verify the transaction by checking that the tokens have been properly locked in the source chain contract.
Consensus Mechanism
BridgeNet uses a threshold signature scheme where a minimum number of validators (the threshold) must sign the transaction for it to be considered valid. This ensures that even if some validators are compromised, the network can still operate securely as long as the majority of validators are honest.
Security Measures
In addition to the multi-signature verification, BridgeNet implements several security measures, including fraud proofs, time-locked transactions, and emergency shutdown mechanisms to protect against various attack vectors.