Latest Octus Bridge updates on January 24th

OctusBridge has been busy providing updates and announcements on their project. Recently, they announced that users can now transfer their own tokens from another EVM network to Everscale and vice versa with the help of OctusBridge. Additionally, they have revealed that they currently support seven different blockchains and users can rate their experience with the platform on their website. They have also announced that the first stage of their Octus Bridge update is complete, with users now able to transfer all supported tokens in any direction they want. Furthermore, an airdrop initiated at the end of 2021 for early Octus Bridge users is still available, with users having a month to claim the reward. Lastly, OctusBridge was added to the Solana ecosystem catalog and is currently in the top 3 in the monthly rankings.

What is Octus Bridge ?

Introducing Octus Bridge: The Revolutionary Cross-Chain Transaction Platform

Are you looking for a solution to securely and quickly transfer tokens between different blockchains? Look no further – Octus Bridge is here!

Octus Bridge is a revolutionary cross-chain platform that makes it possible to seamlessly transfer tokens between different blockchains, such as Ethereum, BNB Chain, Fantom Opera, Polygon, Everscale, Avalanche, Milkomeda, and Solana. With this platform, users can easily and securely manage their digital assets and make transfers without worrying about network limitations or transaction costs.

Here’s a closer look at how Octus Bridge works and how it can benefit users.

How Does Octus Bridge Work?

Octus Bridge is powered by a DAO (Decentralized Autonomous Organization) that is responsible for the direction of Bridge development. This DAO is controlled by users, who can vote on certain operating decisions to make the Bridge better.

To transfer tokens, users must first connect their EVER Wallet and MetaMask. They then select a token and enter an amount, and the transfer is complete. Octus Bridge is incredibly fast, with an average block time of 0.2 seconds, and transactions are exponentially cheaper than on Ethereum.

In addition, Octus Bridge is fully decentralized and secure, as all operations are performed in an open and transparent manner through EVM and Everscale smart contracts. Octus Bridge has also been audited and won Everscale DeFi Architecture & Design and Implementation contests.

The Benefits of Octus Bridge

Octus Bridge offers a range of benefits that make it an appealing choice for users. Here are some of the key benefits of Octus Bridge:

• Transfer tokens between any blockchain: Octus Bridge allows users to transfer tokens between any blockchain, so they can easily manage their digital assets.

• Fast transactions: Octus Bridge offers incredibly fast transactions, with an average block time of 0.2 seconds.

• Low transaction costs: Octus Bridge transactions are exponentially cheaper than transactions on Ethereum.

• Decentralized and secure: All operations are performed in an open and transparent manner through EVM and Everscale smart contracts, so users can rest assured that their transactions are secure.

• DAO-controlled: Octus Bridge is controlled by a DAO that is voted on by users, so they can impact the direction of Bridge development.

• Stake BRIDGE tokens: Octus Bridge users can stake BRIDGE tokens to earn money.

• Become a relayer: Octus Bridge users can become a relayer and benefit from profit sharing as a major stakeholder.

Overall, Octus Bridge is an innovative new platform that makes it easy to transfer tokens between different blockchains. With its fast transactions, low transaction costs, and secure environment, it is a popular choice for users looking for a reliable cross-chain platform.

This article was published on 2023-01-29 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.