In recent times, the rise of digital currency systems that rely on blockchain to ensure ledger security, low transaction fees, ability to perform cross-chain transactions is becoming a crucial interoperability requirement in the industry. In case you are new to interoperability requirements, it is a function that allows transactions not only funds but even for blockchain to verify the inclusion of any event on another Blockchain using a term known as bridge.
We say cross-chain bridges are protocols that enabled:
On-chain exchange of cryptocurrencies
On-chain transfer of assets to side chains
Cross-shard verification of events in shards blockchain
With these three listed derived from cross-chain bridges, there are unfortunate things about them.
Some are:
High gas fee
Delay in transaction
Vulnerability
Exploits and many others.
The problems sighted brought the introduction of Orion Bridge.
Orion Bridge is the first peer-to-peer atomic swap bridge that set to enable traders/users to carry out their transactions (trading native assets) across multiple blockchains with no limits, refused orders, delays, blocked funds, or exploits. I know Orion Terminal for its global accessibility as it allows users to access centralized and decentralized exchanges coupled with swap pools directly from their wallets without the need for KYC.
On this same terminal, it will integrate Orion bridge to enable true cross-chain & cross-exchange liquidity aggregation which is the first of its kind in the space.
Network congestion on Ethereum Blockchain is not new to many (Crypto Enthusiasts) as this resulted in high gas fees when transacting, but Orion bridge with a user-friendly platform will activate ERC20 assets trading with low fees and high speed.
As the launch of Orion bridge is loading, they compare the features of the bridge with 3 other bridges (Polygon, Multichain, & Optimism Bridge).
The figure below revealed the unique features of Orion Bridge and while is important to check out Orion Bridge on 31st January 2022.
Transactions are immediate (no time delay or wrapped assets)
No bridge fee charges
Limitless trading with capacity limited only by the liquidity of Orion’s growing broker network.
Enabled true decentralization
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