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How does the bridge work?
A token bridge is a connection that allows the transfer of Tokens and/or arbitrary data from one chain to another. Both chains can have different protocols, rules and governance models, but the bridge provides a compatible way to interoperate securely on both sides. In a token bridge, new tokens are not actually issued on the target blockchain or crypto. Bridges use a smart contract to lock your existing tokens and mint new tokens on the target blockchain. When you want to redeem the new tokens, an equal amount of tokens on the original chain are unlocked.
On EvoDefi, you can move tokens between between Ethereum, BSC, Fantom, Heco, Avalanche, Arbitrum, Tron, Cronos, Solana, Polygon, Moonriver, OKex, Tron and Bitcoin blockchains in a quick and cost-efficient manner.
Last modified 1yr ago