Hey ContractLand community! Awesome news for you all — ready for it?

As we previously announced on Twitter, we’ve made tremendous progress on our bridging technology Terra-Bridge, which successfully transfers ERC20 tokens between Ethereum and a Proof of Authority side chain!

Now what is Terra-Bridge exactly?

Terra-Bridge

Terra-Bridge is a bi-directional bridging technology for value transfers among different blockchain networks. Unlike existing cross-chain technologies such as Cosmos or Polkadot that focus on general message relay, Terra-Bridge is focused on facilitating value transfers.

How Terra-Bridge is Used in ContractLand

Terra-Bridge is the backbone of the ContractLand platform. It makes decentralized cross-chain trading possible. With Terra-Bridge, users can transfer their tokens from existing public chains such as Ethereum, QTUM, or NEO onto Terra-Chain, where users can exchange tokens directly from their address via the on-chain exchange system.

Going Forward

The bridge in its current form can facilitate the transfer of ERC20 tokens and Native tokens (e.g Ether) between two EVM chains. In the future it will support additional types of fungible and non-fungible assets, and expand beyond EVM systems including legacy ones such as Bitcoin and newer systems such as EOS.