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Web3 Bridges on Arbitrum

Karolina

27 Sep 2023
Web3 Bridges on Arbitrum

The relentless evolution of blockchain technology never ceases to amaze. Over the past few years, the industry has shifted its focus from simply understanding what decentralized ledgers are, to scaling and interoperability solutions that pave the way for mass adoption. Among these innovations, Web3 and Layer 2 scaling solutions stand out, promising to redefine how we perceive and interact with decentralized applications. Today, we'll be diving deep into one of the most groundbreaking topics in the realm of Ethereum scalability: Web3 Bridges on Arbitrum.

Arbitrum, a Layer 2 scaling solution, not only offers faster transactions and reduced fees but also a platform for projects to effortlessly interact with the broader Ethereum ecosystem. And this is where Web3 bridges come into play. Acting as connectors between different blockchain realms, these bridges ensure that value and data flow seamlessly, securely, and transparently across networks.

Whether you're a blockchain enthusiast, a developer eager to understand the underpinnings of Arbitrum, or someone merely curious about the next wave of decentralized tech, this post promises to enlighten. We'll demystify the intricate workings of Web3 bridges, shed light on their importance in the Arbitrum ecosystem, and, ultimately, help you grasp how they're pushing the boundaries of what's possible in the blockchain world.

So strap in and get ready for a journey through the sophisticated architecture and promising potential of Web3 Bridges on Arbitrum!

Table of Contents

LayerZero

Chains: Ethereum, BNB Chain, Avalanche, Polygon, Arbitrum, Optimism

LayerZero is a protocol that facilitates interaction between separate blockchains and ecosystems. It does so with its underlying oracle and relayer that allows for cross-chain messaging and verification. LayerZero supports a wide array of blockchains including Aptos, Avalanche, Polygon, and Harmony.

Connext

Chains: Ethereum, Polygon, Avalanche, BNB Chain, Arbitrum, Optimism

The ethos of Connext is to herald a time when the end users would not even know the actual chain they are using, as it aims to strike a high-level composability in the blockchain industry. Connext has a decentralized network of routers that earn as they facilitate the activities of the bridge and secure it at the same time.

Router Protocol

Chains: Arbitrum, Ethereum, Polygon, Optimism, BNB Chain

Router Protocol is a cross-chain interoperability layer connecting different blockchains. Currently, Router Protocol's infrastructure is live on nine different EVM chains: Ethereum, BSC, Fantom, Polygon, Optimism, Arbitrum, Avalanche, Aurora, and Kava. Router Protocol's current offerings are: (1.) Flagship DApp: Voyager provides any asset to any asset cross-chain swap; and (2.) CrossTalk: Creates a communication layer for cross-chain smart contracts and enables use cases such as cross-chain lending, staking, etc. For more information, visit our docs!

deBridge

Chains: Arbitrum, BNB Chain, Avalanche, Ethereum, Polygon, Multichain

deBridge is a generic messaging and cross-chain interoperability protocol that enables anyone to build powerful cross-chain applications where value and messages flow seamlessly. The protocol is a secure infrastructure and framework for: (1.) cross-chain composability of smart contracts; (2.) cross-chain swaps between any assets with deSwap, one of the applications built on top of deBridge; (3.) bridging of any arbitrary asset and message in one transaction; (4.) interoperability and bridging of NFTs

Across

Chains: Ethereum, Arbitrum, Polygon, Optimism

Transferring native tokens across several native blockchains in the Ethereum ecosystem gets easier with the surfacing of Across. Across allows users to tap into a rich network of relayers in moving funds across two distinct blockchains. Once the relayers approve the bridging, Across itself has an in-built optimistic validation.

LayerSwap

Chains: BNB Chain, Optimism, Starknet, Arbitrum

LayerSwap is a unique bridge that can move funds from centralized exchanges to layer-2 blockchains. For instance, a user can move funds from FTX to Arbitrum mainnet.  Layer swap has an intuitive interface that is simple to use for swapping, and it makes cross-chain transactions easier, lessening transaction fees by almost 10%.

Conclusion

Diving deep into Web3 bridges on Arbitrum has underlined a vital truth: blockchain's future is as much about interconnection as it is about decentralization. Through platforms like Arbitrum, we're witnessing the dissolution of silos, making way for faster, smoother, and more cohesive decentralized applications. These bridges are more than just technological marvels—they are the linchpins of an evolving blockchain landscape. As we move forward, embracing such innovations will not only be beneficial but essential. Here's to a united, decentralized future, bridged by the power of technology.

Tagi

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Nextrope as Sponsor at ETH Warsaw 2024: Highlights

Miłosz

04 Oct 2024
Nextrope as Sponsor at ETH Warsaw 2024: Highlights

ETH Warsaw has established itself as a significant event in the Web3 space, gathering developers, entrepreneurs, and investors in the heart of Poland’s capital each year. The 2024 edition was filled with builders and leaders united in advancing decentralized technologies.

Table of Contents

Leading Event of Warsaw Blockchain Week

As a blend of conference and hackathon, ETH Warsaw aims to push the boundaries of innovation. For companies and individuals eager to shape the future of tech, the premier summit during Warsaw Blockchain Week offers a unique platform to connect and collaborate.

Major Milestones in Previous Editions

  • Over 1,000 participants attended the forum
  • 222 hackers competed, showcasing groundbreaking technical skills
  • $119,920 in bounties was awarded to boost promising solution development

Key Themes at ETH Warsaw 2024

This year’s discussions were centered around shaping the adoption of blockchain. To emphasize that future implementation requires a wide range of voices, perspectives, and understanding, ETH Warsaw 2024 encouraged participation from individuals of all backgrounds. As the industry stands on the cusp of a potential bull market, building resilient products brings substantial impact. Participants mutually raised an inhibitor posed by poor architecture or suspicious practices.

Infrastructure and Scalability

  • Layer 2 (L2) solutions
  • Zero-Knowledge Proofs (ZKPs)
  • Future of Account Abstraction in Decentralized Applications (DApps)
  • Advancements in Blockchain Interoperability
  • Integration of Artificial Intelligence (AI) and Machine Learning Models (MLMs) with on-chain data

Responsibility

With the premise of robust blockchain systems, we delved into topics such as privacy, advanced security protocols, and white-hacking as essential tools for maintaining trust. Discussions also included consensus mechanisms and their role in the entire infrastructure, beginning with transparent Decentralized Autonomous Organizations (DAOs).

Legal Policies

The track on financial freedom led to the transformative potential of decentralized finance (DeFi). We tackled the challenges and opportunities of blockchain products within a rapidly evolving regulatory landscape.

Mass Adoption

Conversations surrounding accessible platforms underscored the need to simplify onboarding for new users, ultimately crafting solutions that appeal to mainstream audiences. Contributors explored ways to improve user experience (UX), enhance community management, and support Web3 startups.

ETH Legal, co-organized with PKO BP and several leading law firms, studied the implementation of the MiCA guidelines starting next year and affecting the market. It aimed to dissect the complex policies that govern digital assets.

Currently, founders navigate a patchwork of regulations that vary by jurisdiction. There is a clear need for structured protocols that ensure consumer protection and market integrity while attracting more users. Legal experts broke down the implications of existing and anticipated changes on decentralized finance (DeFi), non-fungible tokens (NFTs), business logic, and other emerging technologies.

The importance of ETH Legal extended beyond theoretical discussions. It served as a vital forum for stakeholders to connect and share insights. Thanks to input from renowned experts in the field, attendees left with a deeper understanding of the challenges ahead.

Warsaw Blockchain Week: Nextrope’s Engagement

The Warsaw Blockchain Week 2024 ensured a wide range of activities, with a packed schedule of conferences, hackathons, and networking opportunities. Nextrope actively engaged in several side events throughout the week and recognized the immense potential to foster connections.

Side Events Attended by Nextrope

  • Elympics on TON
  • Aleph Zero Opening Party
  • Cookie3 x NOKS x TON Syndicate
  • Solana House

Nextrope’s Contribution to ETH Warsaw 2024

At ETH Warsaw 2024, Nextrope proudly positioned itself as a Pond Sponsor of the conference and hackathon, reflecting the event's mission. Following a strong track record of partnerships with large financial institutions and startups, we seized the opportunity to share our reflections with the community.

Together, we continue to innovate toward a more decentralized and inclusive future. By actively participating in open conversations about regulatory and technological advancements, Nextrope solidifies its role as an exemplar of dedication, forward-thinking, and technological resources.

Tagi

Nextrope on Economic Forum 2024: Insights from the Event

Kajetan Olas

14 Sep 2024
Nextrope on Economic Forum 2024: Insights from the Event

The 33rd Economic Forum 2024, held in Karpacz, Poland, gathered leaders from across the globe to discuss the pressing economic and technological challenges. This year, the forum had a special focus on Artificial Intelligence (AI and Cybersecurity, bringing together leading experts and policymakers.

Nextrope was proud to participate in the Forum where we showcased our expertise and networked with leading minds in the AI and blockchain fields.

Table of Contents

Economic Forum 2024: A Hub for Innovation and Collaboration

The Economic Forum in Karpacz is an annual event often referred to as the "Polish Davos," attracting over 6,000 participants, including heads of state, business leaders, academics, and experts. This year’s edition was held from September 3rd to 5th, 2024.

Key Highlights of the AI Forum and Cybersecurity Forum

The AI Forum and the VI Cybersecurity Forum were integral parts of the event, organized in collaboration with the Ministry of Digital Affairs and leading Polish universities, including:

  • Cracow University of Technology
  • University of Warsaw
  • Wrocław University of Technology
  • AGH University of Science and Technology
  • Poznań University of Technology

Objectives of the AI Forum

  • Promoting Education and Innovation: The forum aimed to foster education and spread knowledge about AI and solutions to enhance digital transformation in Poland and CEE..
  • Strengthening Digital Administration: The event supported the Ministry of Digital Affairs' mission to build and strengthen the digital administration of the Polish State, encouraging interdisciplinary dialogue on decentralized architecture.
  • High-Level Meetings: The forum featured closed meetings of digital ministers from across Europe, including a confirmed appearance by Volker Wissing, the German Minister for Digital Affairs.

Nextrope's Active Participation in the AI Forum

Nextrope's presence at the AI Forum was marked by our active engagement in various activities in the Cracow University of Technology and University of Warsaw zone. One of the discussion panels we enjoyed the most was "AI in education - threats and opportunities".

Our Key Activities

Networking with Leading AI and Cryptography Researchers.

Nextrope presented its contributions in the field of behavioral profilling in DeFi and established relationships with Cryptography Researchers from Cracow University of Technology and the brightest minds on Polish AI scene, coming from institutions such as Wroclaw University of Technology, but also from startups.

Panel Discussions and Workshops

Our team participated in several panel discussions, covering a variety of topics. Here are some of them

  • Polish Startup Scene.
  • State in the Blockchain Network
  • Artificial Intelligence - Threat or Opportunity for Healthcare?
  • Silicon Valley in Poland – Is it Possible?
  • Quantum Computing - How Is It Changing Our Lives?

Broadening Horizons

Besides tuning in to topics that strictly overlap with our professional expertise we decided to broaden our horizons and participated in panels about national security and cross-border cooperation.

Meeting with clients:

We had a pleasure to deepen relationships with our institutional clients and discuss plans for the future.

Networking with Experts in AI and Blockchain

A major highlight of the Economic Forum in Karpacz was the opportunity to network with experts from academia, industry, and government.

Collaborations with Academia:

We engaged with scholars from leading universities such as the Cracow University of Technology and the University of Warsaw. These interactions laid the groundwork for potential research collaborations and joint projects.

Building Strategic Partnerships:

Our team connected with industry leaders, exploring opportunities for partnerships in regard to building the future of education. We met many extremely smart, yet humble people interested in joining advisory board of one of our projects - HackZ.

Exchanging Knowledge with VCs and Policymakers:

We had fruitful discussions with policymakers and very knowledgable representatives of Venture Capital. The discussions revolved around blockchain and AI regulation, futuristic education methods and dillemas regarding digital transformation in companies. These exchanges provided us with very interesting insights as well as new friendships.

Looking Ahead: Nextrope's Future in AI and Blockchain

Nextrope's participation in the Economic Forum Karpacz 2024 has solidified our position as one of the leading, deep-tech software houses in CEE. By fostering connections with academia, industry experts, and policymakers, we are well-positioned to consult our clients on trends and regulatory needs as well as implementing cutting edge DeFi software.

What's Next for Nextrope?

Continuing Innovation:

We remain committed to developing cutting-edge software solutions and designing token economies that leverage the power of incentives and advanced cryptography.

Deepening Academic Collaborations:

The partnerships formed at the forum will help us stay at the forefront of technological advancements, particularly in AI and blockchain.

Expanding Our Global Reach:

The international connections made at the forum enable us to expand our influence both in CEE and outside of Europe. This reinforces Nextrope's status as a global leader in technology innovation.

If you're looking to create a robust blockchain system and go through institutional-grade testing please reach out to contact@nextrope.com. Our team is ready to help you with the token engineering process and ensure your project’s resilience in the long term.

Tagi