Cryptocurrency Q&A
How does the POA tokenbridge work?
How does the POA tokenbridge work?
WhisperEcho
Sat Feb 15 2025
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6
answers
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The POA TokenBridge is a revolutionary open-source project that enables asset transfer between two Ethereum-based blockchain networks. It facilitates cross-chain transactions through a set of Solidity smart contracts,Verifier signatures, and relay operations. Users can convert native tokens to ERC20 tokens, swap ERC20 tokens, mint new native tokens, and transmit arbitrary data across chains.
6 answers
Maria
Mon Feb 17 2025
Simultaneously, coins are minted in the Home network, reflecting the value and quantity of the locked tokens.
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Michele
Mon Feb 17 2025
The Home network's consensus engine plays a crucial role in this process by invoking Parity's Block Reward contract.
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Giulia
Mon Feb 17 2025
The POA TokenBridge features four distinct operational modes for users to leverage.
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Andrea
Mon Feb 17 2025
One such mode is ERC20-to-Native, which allows for the transfer of pre-existing tokens from a Foreign network to the Home network.
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Silvia
Mon Feb 17 2025
This contract is responsible for minting coins in the Home network based on the requests made through the bridge contract.
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