Good evening, guys
Today I will give you some important information about the next generation injectable bridge!!
I have divided the article into several titles to make it easier for you to read
Grab a cup of coffee, put on some soothing music, and go with me
Ionic upgrade:
Injective today launches the Ionic upgrade to Injective Bridge, unveiling the most advanced interoperability solution in cryptocurrency along with a superior user experience with near-zero fees.
The new Injective Bridge will unify one-click bridging across major chains including Ethereum, Solana, and Cosmos. In addition, it provides a refreshed user experience with easy deposit functions, comprehensive transaction history, and modern transfer tracking mechanisms.ick bridging across major chains including Ethereum, Solana, and Cosmos
In addition, it provides a refreshed user experience with easy deposit functions, comprehensive transaction history, and modern transfer tracking mechanisms.
background:
Today, Injective is one of the most interoperable L1 chains in existence.
This was achieved through the strategic integration of some of the most widely used networks in the expanding cryptocurrency industry.
Injective’s interoperability vision lies in its roots of creating a single core hub for all finance to thrive.
To do this, it was necessary to ensure that any asset generated by distinct chains could easily find a home and be included in Injective.
The developers of Injective started by creating a Peggy Bridge that connected Ethereum with Injective itself.
This would enable any ERC20 asset to be linked to Injective.
The synergy with Ethereum itself has been enhanced by the creation of an advanced signing system that allows Ethereum users to sign any transaction on Injective with any EVM-compatible wallet such as MetaMask.
As the ecosystem continued to grow, so did Injective’s efforts to create ways for new chains. Injective was one of the first chains to adopt IBC compatibility natively, allowing developers to seamlessly transfer data and assets. This allows any asset to seamlessly flow into Injective from any other blockchain that supports IBC.
Last year, Injective began taking bigger steps toward interoperability when it integrated Wormhole, making it one of the first chains to do so.
This also allowed Injective to interact directly with prominent blockchains like Solana.
Syringe bridge - Ionic upgrade:
The Ionic upgrade takes Injective to a whole new level.
Now for the first time, users and developers alike will be able to leverage delivery from any major chain to Injective with a single click.
With the Ionic upgrade, Injective users will be able to connect any asset from the larger IBC ecosystem, bridge the latest assets via Wormhole 2.0 (without ever leaving Injective), as well as continuously bridge any ERC20 token via Injective’s native Ethereum bridge (Peggy Bridge).
Under the hood, this is a comprehensive improvement by developers in the Injective ecosystem who have worked to tightly integrate all distinct interoperability frameworks into one standalone product. As a result, the complexities surrounding bridging across individual chains are summarized into one unified product built on Injective.
One click bridge:
Ionic Upgrade provides everyone with an intuitive user experience that makes joining Injective easier than ever!
With just one click, you can deposit from major networks like Ethereum, Polygon, and more.
Major assets like USDT, WETH, and more can also be integrated into Injective where the user can also set the recipient address.
This provides much greater flexibility than before, as a person can choose to link assets to a different wallet or network.
Seamless access to series injection bridge gate:
Now developers and users alike can convert from a range of chains including EVM chains like Ethereum, non-EVM chains like Solana and IBC-enabled chains like Celestia.
The same deposit framework described above is maintained, meaning that regardless of the series or asset selected, the entire process can be completed with just one click.
Furthermore, the balances of any asset across any chain can be viewed on the same page, allowing users to get a full view of their holdings.
Extended transaction monitoring.
bridge process on Injective:
Users can monitor every step of the bridging process at all times.
The flow of course begins when the user initially initiates the one-click bridge process.
From there, the entire bridging experience is stripped away.
If users choose to do so, they can view the transaction on an on-chain explorer such as Etherscan for Ethereum.
Additionally, once an asset appears on Injective, the Injective Explorer can be used to view the asset as well.
Users do not need to be on the intermediary page after they make the initial deposit, so even if the site closes, the bridging process will happen in the same way.
The new monitoring system gives everyone more peace of mind as assets can now always be tracked through a simple user interface and more detailed explorers as well.
History of the comprehensive bridge - History of the injection bridge:
The Injective Bridge Ionic upgrade for the first time also provides a detailed history of any transfer performed.
The initial overview also provides exact timestamps so the user can always view the page at a later time.
Expanding the Completed dropdown will also highlight the exact bridge amount, the hash of the transaction using the explorer link, and the wallets participating in the bridge process.
Improved Ethereum compatibility:
Injective’s compatibility with Ethereum is further highlighted by its extremely fast transfer times for both deposits and withdrawals.
Unlike other blockchains today where withdrawals can take up to a week, withdrawals on Injective take just minutes!
As a result, today Injective is the fastest chain to interact with native Ethereum and EVM assets.
Near zero fees:
Gas Compression Injection Release is now also integrated into the new bridging process, meaning transactions incur the lowest fees of all cryptocurrencies!
Ultimately, this means that users are able to keep more of their money on Injective than on any other L1 network today.
Wormhole Gate Integration:
The Wormhole experience has now also been integrated directly into Injective Bridge for the first time.
As a result, users no longer need to navigate between multiple bridge providers or Portal Bridge to perform their native transfers from Wormhole to Injective.
Assets from chains like Solana, Polygon, Arbitrum and others can now be quickly deposited into Injective.
Wallets like Phantom, Keplr, and MetaMask can be used to experiment with bridging, meaning users can continue to use familiar wallets to join Injective.
Wormhole migration:
With the introduction of the wormhole portal, a paradigm shift occurred.
Tokens merged through this upgraded mechanism are automatically designated as bank tokens, which are the basic copy of the asset on Injective.
Previously, tokens linked to Injective via Wormhole were designated as CW20 tokens.
Although these tokens served their purpose, they lacked the seamless interoperability required for optimal performance within the Injective environment.
Although CW20 tokens are functional, they need to undergo a conversion process to banking tokens to unleash their full potential within the ecosystem.
This conversion facilitated compatibility with core components such as the Injective on-chain order book module and decentralized applications across the ecosystem.
With the Ionic upgrade that directly integrates Wormhole Gateway, users no longer need to manually convert pooled assets to bank assets.
This process now occurs automatically with the new upgrade, greatly enhancing the smoothness and efficiency of delivery for end users.
As a result, when users stake a new asset or want to quickly create markets for tokens, they can do so without any hassle or in-depth technical knowledge about token classes.
Ancient origins of wormholes:
Starting now, Injective users are encouraged to port their existing "legacy" tokens to the new Wormhole Gateway standard through the revamped Injective Bridge.
For users with codes previously linked to Injective via Wormhole, the "LEGACY" suffix will be assigned.
Migrating legacy tokens to a unified token standard can also be achieved in one click with Injective Bridge!
The Injective Bridge provides an easy-to-use interface for this migration process, ensuring a smooth transition without compromising security or efficiency.
Migrating to a single standard will ensure greater composability for new assets and use cases as a whole, as decentralized applications across the Injective ecosystem begin to follow a single standard.
A new era of interoperability:
The introduction of the Ionic upgrade to Injective Bridge represents a major milestone in the evolution of the Web3 infrastructure as a whole.
For the first time, anyone can easily deposit assets into Injective from a range of different networks into one unified product, opening up a world of possibilities for Web3 finance enthusiasts and developers alike.
One-click deposits, enhanced transaction monitoring, and major improvements across the infrastructure stack coupled with the lowest fees in all cryptocurrencies enable Injective to deliver the best bridging experience to date.
This in turn allows for much higher levels of composability than previously thought possible.
By embracing improved token standards and prioritizing interoperability, Injective continues to empower users with unparalleled flexibility and efficiency in their digital asset transactions.
Injective Labs Christian Kruschel NomberFax.inj 🥷 Xpara_inj Kaskade Finance
