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The release of cBridge Version 1.0 includes a user interface and node software.
Celer Network, a layer-two scaling platform, has officially launched the mainnet version of cBridge, a multi-chain network that allows users to more easily swap assets across multiple blockchains.
With cBridge, users can instantly transfer tokens across Ethereum, Polygon, Binance Smart Chain and Arbitrum networks without experiencing any liquidity bottlenecks, Celer announced Thursday. The company claims that cBRidge solves many of the existing challenges preventing the full integration of layer-two scaling solutions, including an overly complex user experience and the significant resources required to move assets across multiple chains.
Mo Dong, Celer Network’s co-founder, said the mission of his project is to democratize blockchain technology and make it more appealing to mainstream audiences:
”As an open-source platform with the mission to bring blockchain adoption to mainstream, our goal with cBridge is to deliver a high-performance and cost-efficient interoperable value transfer network with no compromise on the security or trust-free guarantee.”
The cBridge application may be especially useful for DeFi users, who can use it to manage transfer and liquidity costs when moving their tokens. According to Cointelegraph, the need to reduce transaction costs associated with DeFi has enticed more developers to join the Celer Network. Celer applications and middleware have attracted over one million users to date, primarily in the DeFi, gaming, and interoperability markets.
In 2021, projects facilitating cross-chain integration have received increased attention. Much of this is due to the Polkadot ecosystem’s emphasis on interoperability and cross-chain transfers. News of Polkadot integration sparked a large rally in CELR, Celer’s native token, earlier this year.