Preparing for the Next Generation Avalanche Bridge (AB)
AB will be 10x faster and 5x cheaper than the Avalanche-Ethereum Bridge (AEB)
The Avalanche-Ethereum Bridge (AEB) launched in early 2021, marking a great first step in providing a channel for moving native Ethereum ERC-20-based assets to the Avalanche ecosystem.
The next generation Avalanche Bridge (AB) will launch in the upcoming weeks, replacing the existing AEB and providing a significantly better user experience with stronger security, faster finality, and dramatically lower fees. It is estimated to be 10x faster and 5x cheaper than the AEB and a better user experience than any bridges launched to-date.
As part of launching the new bridge, existing assets that came across the AEB will be migrated to the new AB. Post-launch, all assets that cross over the AEB will be able to use the AB to bridge back to Ethereum, benefiting from the performance and economic improvements noted above.
More information will be coming soon on this exciting release, including a technical deep dive into how the bridge will outpace all bridging technology deployed to-date.
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition on Avalanche. Don’t believe it? Use an app on Avalanche today.