What is a Bridge? A Bridge is a "bridge between chains"

Question

What is a Bridge? A Bridge is a "bridge between chains"

(centralized or decentralized), which allows assets to be transferred between them.

The first thing we must know is that Syscoin is made up of two chains (UTXO and NEVM), therefore we will need to make a Bridge to pass assets between them.
» To learn more about Syscoin chains type /chains

As they are different chains, we have to take into account that the wallets where the assets will be stored may be different depending on the chain where we will store our $SYS.
» To know the Syscoin Wallets write /wallets

When you make a Bridge, you must have a minimum of funds in both Wallets to be able to pay the small network fees.
At Syscoin we have a Faucet that allows you to obtain a surplus amount to carry out various transactions when you initially do not have funds.
» More about Syscoin Faucet write /faucet

There are 2 types of Bridges:

- Decentralized:
» Type /bridge

- Centralized:
* Use Exchanges with a single chain (UTXO or NEVM)
» Sell $SYS for USDT
» Send USDT for TRC20 to the other Exchange
» Buy back $SYS
» Withdraw the $SYS for the other chain

* Use Exchange with both chains (UTXO and NEVM)
» Receive $SYS for a chain
» Withdraw $SYS for the other chain

EXCHANGES with Syscoin:
» Type /buy

#cryptocurrency #english #syscoin

0

15.06.2023

4 ответов

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Syscoin Help Автор вопроса

Syscoin Bridge 1 SYSx = 1 SYS Σ SYSx + Σ SYS = Circulation 1 ERC20 = 1 SPT Σ ERC20 + Σ SPT = Circulation ==== To bridge between the Syscoin UTXO (Pali Wallet) and Syscoin NEVM (Metamask) chains, you will need both Wallets. » Links to get Syscoin Wallets type /wallets » To configure write /rpc Considerations: - When you make a Bridge, you must have a minimum of funds in both Wallets to be able to pay the small network commissions. At Syscoin we have a Facucet that allows you to obtain a surplus amount to carry out various transactions when you initially do not have funds. » More about Syscoin Facucet write /faucet - It is preferable to use Firefox, however, it is recommended to clear the browser's cache before starting the bridge. ⚙️ https://bridge.syscoin.org ==== Bridge from BSC BEP-20 (Binance Smart Chain) There is the possibility of performing the Bridge directly between the BEP20 blockchain (BSC) and Syscoin NEVM through a decentralized custodian protocol. » More about Bridge BSC: Write /bridgebsc

0

15.06.2023

J$$$$a$$$$Y I’ll Never DM You 🌙 🌝

/faucet

0

17.06.2023

Syscoin Help Автор вопроса

Syscoin Faucet The "Faucet" is used to receive a small amount of $SYS in your NEVM wallet, enough to pay various network fees when you have no funds and need to sign a transaction. https://faucet.syscoin.org/

0

17.06.2023

SYS--SAC Ethan 🤔 · Accepted Answer

SYS--SAC Ethan 🤔

/bridge

0

15.06.2023

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What is a Bridge? A Bridge is a "bridge between chains"

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