Orbit Bridge
  • Introduction
  • Overview
  • Core Concept
  • How it works
    • Features
    • Differentiation
    • Bridge Validator
    • Bridge Operator
    • Governance
  • Bridging Transactions
    • Ethereum
    • BNB Chain
    • Klaytn
    • Heco
    • Polygon
    • Celo
    • ICON
    • XRP
  • Validator Guide
    • Notes for Validator Nodes
    • Hardware Specifications
    • Validator Reward Structure
    • Quick Start
    • REST API
    • Configuration
    • Troubleshooting
  • Operator Guide
    • Hardware Specifications
    • Quick Start
    • REST API
    • Configuration
    • Troubleshooting
  • Official Bridge Governance
  • Token Registration for Bridging
    • Registration Using Etherscan
    • Registration Using Remix
    • Bridge to The Open Network(TON)
      • Registration on TON Using Etherscan
      • Registration on TON Using Remix
  • FAQ
    • General [EN]
    • General [KO]
    • Gas Fee Guide [EN]
    • Gas Fee Guide [KO]
    • Guide for Adding RPC Network [EN]
    • Guide for Adding RPC Network [KO]
    • Anti-Phishing [EN]
    • Anti-Phishing [KO]
    • Transaction delay after setting the gas fee
    • Integration Guide
      • 1. List of supported chains
      • 2. Contract Addresses
      • 3. How to use an Orbit Bridge
      • 4. Chain Explorers
      • 5. API
  • Contract
    • OrbitHub
    • Bridge
      • Ethereum
      • BNB Chain
      • Klaytn
      • Heco
      • Polygon
      • Celo
      • ICON
      • XRP
    • Vault (Layer 1)
      • Ethereum
      • BNB Chain
      • Klaytn
      • Heco
      • Polygon
      • Celo
      • XRP
    • Minter (Layer 2)
      • Ethereum
      • Avalanche
      • BNB Chain
      • Klaytn
      • Celo
      • Fantom
      • Harmony
      • Polygon
      • Moonriver
      • OKExChain
      • Orbit
      • Gnosis
      • ICON
      • XRP
    • BridgeReceiver
    • Governance
    • Glossary
  • LINK
    • Orbit Bridge Github
    • Orbit Bridge Website
  • POLICIES
    • Layer Fee
    • Bridge Fee
      • Current
      • History
        • Ethereum Layer1
        • BNB Layer 1
        • Ripple Layer 1
        • Klaytn Layer 1
    • Terms of Use [EN]
    • Terms of Use [KO]
  • Bridging Assets
    • Ethereum Layer 1
    • Ripple Layer 1
    • BNB Layer 1
  • CROSS CHAIN TIPS
    • ICON
    • Celo
    • HECO
    • XRP
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  • Safety/Credibility - 100% On-Chain Validation
  • Efficiency - Setting Governance in the Origin Chain and Destination Chain

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  1. How it works

Differentiation

What makes Orbit Bridge differentiate from other bridge protocols

Safety/Credibility - 100% On-Chain Validation

Unlike other cross-chain platforms which use MPC(multiparty computation) and off-chain structure, all transactions and assets are managed 100% on chain under highly trusted validators in Orbit Bridge.

While a single private key is shared among validators in MPC, each validator has its own key in Orbit Bridge enabling enhanced security.

Scalability (1) - Connecting Token Economy

It is not simply a ‘bridge’ for transferring assets between chains. Rather it enables utilization of locked-up assets in a ‘vault’ on its original chain thereby connecting token economy.

E.g. Orbit Farm(connecting locked up assets to lending platforms through smart contract)

Successful connection with Venus on BNB Chain

Currently in the process of connecting with Compound on Ethereum

Scalability (2) - Cross-Chain Swap

USDTs from Layer 2 chains (Polygon, Avalanche, BNBChain etc) can be bridged to form a pool composed of ‘O’ assets(oUSDT-B, oUSDT-H, oUSDT), these pools can then be used to operate Cross-Chain Swap protocols

E.g. Portkey, a Cross-Chain Swap protocol on Belt Finance uses Orbit Bridge as a Cross-Chain solution and provides swap functions to Layer 2 chains within 2 minutes

Scalability (3) - Master Orbit

Current Market limitation:

DeFi protocols with governance tokens based on MasterChef(smartcontract) face intrinsic limitations as tokens can only be distributed in accordance with blocks on each specific chain. Thus, maintaining and managing identical tokens when expanding the protocol to various chains can be tricky for the business and development.

Solution:

Orbit Bridge provides an environment where tokens that are issued on a certain chain can be bridged and distributed via received quantity not through block based calculations.

Scalability (4) - NFT Bridge and Function Customization

Orbit Bridge is an all-round bridge providing a comprehensive service in processing both multichain signatures and saved datas on blockchain as well as bridging tokens. Fungible Tokens, Non-Fungible Tokens and if necessary specific token types can be transferred through Orbit Bridge.

Efficiency - Setting Governance in the Origin Chain and Destination Chain

Experience multichain bridging with paying low fees

Orbit Bridge is open-source, so anyone who wants to take the initiative in transferring assets with their own governance consensus can create a vault within that chain. The great advantage of directly setting governance is that in an IBC where governance is structured, the overall policy and direction, including asset selection, are determined by consensus and no assets can be moved unless consensus is reached. ‌Thus, even if Orbit Bridge has IBC governance that connects Ethereum and Klaytn, those who do not trust the established governance can create a new IBC bridge by setting their own governance. Additionally, one entity can set a different governance consensus between an Origin Chain and Destination Chain. For example, the total number of validators and minimum required signatures between the chains can be different (e.g. Terra origin governance 4-of-7, Tron destination governance 3-of-5).

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Last updated 2 years ago

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