Bridge Architecture and Functionality
The Fractalink Bridge is built around a sophisticated dual-chain validation system that facilitates seamless and secure asset transfers between Fractal Bitcoin and Ethereum. This architecture ensures that both networks are in sync during any asset movement. When a transfer is initiated, assets on the source chain (such as Fractal Bitcoin) are locked in a smart contract, and an equivalent amount of wrapped tokens (e.g., FB-ERC20 on Ethereum) are minted on the destination chain. This prevents double-spending and guarantees that the tokens are 1:1 backed across both chains.
The process involves:
Locking Tokens: Tokens on the originating chain are locked, ensuring they cannot be spent while their wrapped version exists on the other chain.
Minting Wrapped Tokens: The corresponding amount of wrapped tokens is minted on the destination chain. When users move assets from one chain (e.g., Fractal Bitcoin), the corresponding amount of wrapped tokens is minted on the destination chain (Ethereum). This makes the tokens usable within Ethereum's DeFi and NFT ecosystems.
Burning and Unlocking: When users transfer back to the original chain, the wrapped tokens are burned, and the locked tokens are released on the source chain.
This cross-chain compatibility allows users to interact with both the Fractal Bitcoin and Ethereum ecosystems seamlessly, enabling them to leverage Ethereum's rich decentralized finance (DeFi) infrastructure with the efficiency and speed of Fractal Bitcoin.
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