AirDAO, the decentralized autonomous organization that governs the Ambrosius Layer 1 network, ເປີດ an Ethereum bridge for its blockchain ecosystem.
It’s the second cross-chain bridge enabled by AirDAO on the Ambrosius chain and will enable users to move supported crypto tokens from the Ethereum network to its own. The ecosystem already has a BNB Smart Chain bridge.
The cross-chain bridges are among a slew of new features released by AirDAO for the Ambrosius chain. The DAO has also enabled token swaps via a decentralized exchange called FirepotSwap and staking.
Cross-chain bridges have become targets of sophisticated cyberattacks in recent times. Hackers have stolen over $2.5 billion from cross-chain bridges in the last two years.
These incidents currently account for more than half of all DeFi-related crypto thefts, leading to debates about improving bridge security. Some of the major bridge hacks include the Ronin ແລະ ເຄືອຂ່າຍ Poly attacks that saw a combined total of over $1 billion stolen.
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Source: https://www.theblock.co/post/182643/airdao-launches-ethereum-cross-chain-bridge-for-its-layer-1-network?utm_source=rss&utm_medium=rss