RATE Group | Ethereum Interoperability: POA Network Makes Crypto History By Announcing World’s “First Production Cross-Chain Bridge”
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Ethereum Interoperability: POA Network Makes Crypto History By Announcing World’s “First Production Cross-Chain Bridge”

29 Apr Ethereum Interoperability: POA Network Makes Crypto History By Announcing World’s “First Production Cross-Chain Bridge”

Posted at 17:04h in Ethereum News by

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On Saturday, POA Network (POA) revealed that “the launch of the first production cross-chain bridge in blockchain history [will go live] on May 10th.” Such a feat will soon mean that users will harness the ability to send POA tokens back and forth between the POA network and the Ethereum network.

The breakthrough announcement introduces the notion of POA Bridge and POA20. The two are intrinsically tied, with the POA Bridge – a decentralized application built on the POA Network – to serve as a conduit for both the POA and Ethereum blockchains, and the Ethereum-based POA20 token to represent the equivalent value of the native POA coin(s) sent from the proof-of-authority (PoA) blockchain….

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