Scallop Chain updates. Our team has successfully tested the new ERC20 Handlers, Generic Handlers, and Relayers.

12 May 2023, 12:52
šŸ“£ Scallop Chain updates! Our team has successfully tested the new ERC20 Handlers, Generic Handlers, and Relayers. Enabling secure & effortless token transfers between Ethereum, Polygon, and BSC Our bridge contracts have been upgraded with the introduction of ERC20 Handlers, Generic Handlers and Relayers, enabling users to transfer tokens seamlessly & securely between different EVM chains Here are some key benefits āœ… Trustless bridge: There is no authority or backend controlling the bridge. It's managed by specialised contracts deployed on the EVM chains āœ… Seamless transfers: ERC20 Handlers handle token locking/unlocking on the source chain and token minting/burning on the destination chain, ensuring token transfers are executed without errors āœ… Efficient communication: Relayers are smart contracts that facilitate the transfer of information between the source and destination chains, ensuring token transactions are handled Official Tweet:

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12 May 2023, 12:53
šŸ“£ Scallop Chain updates! Our team has successfully tested the new ERC20 Handlers, Generic Handlers, and Relayers. Enabling secure & effortless token transfers between Ethereum, Polygon, and BSC Our bridge contracts have been upgraded with the introduction of ERC20 Handlers, Generic Handlers and Relayers, enabling users to transfer tokens seamlessly & securely between different EVM chains Here are some key benefits āœ… Trustless bridge: There is no authority or backend controlling the bridge. It's managed by specialised contracts deployed on the EVM chains āœ… Seamless transfers: ERC20 Handlers handle token locking/unlocking on the source chain and token minting/burning on the destination chain, ensuring token transfers are executed without errors āœ… Efficient communication: Relayers are smart contracts that facilitate the transfer of information between the source and destination chains, ensuring token transactions are handled Official Tweet:
Scallop Chain updates. Our team has successfully tested the new ERC20 Handlers, Generic Handlers, and Relayers.
šŸ“£ Scallop Chain updates! Our team has successfully tested the new ERC20 Handlers, Generic Handlers, and Relayers. Enabling secure & effortless token transfers between Ethereum, Polygon, and BSC Our bridge contracts have been upgraded with the introduction of ERC20 Handlers, Generic Handlers and Relayers, enabling users to transfer tokens seamlessly & securely between different EVM chains Here are some key benefits āœ… Trustless bridge: There is no authority or backend controlling the bridge. It's managed by specialised contracts deployed on the EVM chains āœ… Seamless transfers: ERC20 Handlers handle token locking/unlocking on the source chain and token minting/burning on the destination chain, ensuring token transfers are executed without errors āœ… Efficient communication: Relayers are smart contracts that facilitate the transfer of information between the source and destination chains, ensuring token transactions are handled Official Tweet: https://twitter.com/ScallopOfficial/status/1656991065289682949