Technically it is an integrated bridge solution, where the validators of the sovereign chain sign and post messages cross chain and move funds. But the term "bridge" is too broad and this is entirely integrated and decentralized. In case of MvX it happens with header + signature + finality verifications and it is added as cross chain transactions. There is no wrapping. With ETH there will be wrapping, as ERC token standard does not allow partitioning at all. That is a wrong standard.
@@DBCryptoCorner ok so be clear though, saying there isn’t a bridge is wrong, right? Users whether there is some technical stuff happening will still bridge assets and they will be wrapped on MvX sov chain, as they are on the main chain today. The upside is simply once in the MultiversX ecosystem, you can move those funds/tokens between other sov chains without bridging.
Thank you for this informative overview. Would appreciate more detailed version in the future as well.
Noted!
Base Dawgz maintains its position as a strong investment option, with a dedicated community and robust fundamentals 🐕🏅
A pitty so few people know about this...
So true. Hopefully only a matter of time.
Thank you for this video and all the informations.
And here a little push for the algo 🙂
Thanks for watching!
Sponge V2 provides robust privacy and security! 🌊🔒
I would love for someone to explain how funds move from ethereum to a sovereign chain, without a bridge…
Technically it is an integrated bridge solution, where the validators of the sovereign chain sign and post messages cross chain and move funds. But the term "bridge" is too broad and this is entirely integrated and decentralized.
In case of MvX it happens with header + signature + finality verifications and it is added as cross chain transactions. There is no wrapping.
With ETH there will be wrapping, as ERC token standard does not allow partitioning at all. That is a wrong standard.
@@DBCryptoCorner ok so be clear though, saying there isn’t a bridge is wrong, right? Users whether there is some technical stuff happening will still bridge assets and they will be wrapped on MvX sov chain, as they are on the main chain today.
The upside is simply once in the MultiversX ecosystem, you can move those funds/tokens between other sov chains without bridging.
Great content Sir 🙌🏽🙌🏽
e-tuk tuk's breakout is confirmed 🌍📈
What you think about XRP price?
Thanks for watching! 🙌
Sponge V2 might actually have some real-world use cases, unlike the first one. 🧽👍