What is a token bridge?
A token bridge allows tokens from one blockchain to interoperate on another blockchain or network in a secure manner. A bridge allows user and developers to transfer tokens or arbitrary data from one blockchain to another blockchain.
How does a Token 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 find one of the fastest bridges of the market and no liquidity issues. You can move tokens between Ethereum, BSC, Fantom, Heco, Avalanche, Arbitrum, Tron, Cronos and Polygon blockchains in a quick and cost-efficient manner.