Polygon Bridge: Fast, Secure Transfers Between Ethereum and Polygon
As Ethereum's popularity has grown, so have its gas fees and transaction times. To solve these issues, Layer 2 solutions like Polygon Network have emerged, offering faster and cheaper alternatives. At the center of this transition is the Polygon Bridge, a powerful tool that allows users to transfer tokens seamlessly between Ethereum and Polygon. It plays a crucial role in enabling efficient interoperability in the decentralized finance (DeFi) ecosystem. The Polygon Bridge supports two types of bridges: the Proof-of-Stake (PoS) Bridge and the Plasma Bridge. The PoS Bridge is the most commonly used due to its speed and broad token support, allowing transfers of ETH, ERC-20, and ERC-721 tokens. It uses validators and a proof-of-stake consensus to secure transactions, which are completed in minutes and cost a fraction of what it polygon bridge take on Ethereum mainnet. Using the Polygon Bridge is simple and user-friendly. Users connect their Web3 wallets (like MetaMask), selec...