It is no secret to anyone that one of the vision of blockchain technology is based on the premise of decentralization, but even though we have seen many advances and innovations in this environment, there are certain limitations that do not allow the user experience to be more efficient when performing certain operations on the network, and one of those limitations is interoperability. there are some blockchains that remain isolated from the rest, and make the trading process difficult, or extremely tedious and slow, and that is where blockchain bridges play a fundamental role. That is why today I want to tell you about the Bridge that Free Ton has created with the most popular network on the market (ethereum), called Ton Bridge.
Ton bridge, was created by Broxus and is a mechanism that provides users with a secure way to interoperate on both sides of the Etherum - Free Ton blockchains, allowing tokens to be transferred from one chain to another, even when the protocols of them are different, something that is undoubtedly a very valuable tool when doing any operation on the network that needs to be executed quickly to generate some profit, for example. Ton Bridge works by using a set of smart contracts and relay nodes on both networks to make it possible to transfer tokens in both directions. The consensus mechanism is based on proof of stake (POS), and allows the entire ecosystem to protect itself from fraudulent users, since, to become a validator, a considerable amount of tokens must be staked, and if one wants to incur in a crime and the other validators catch it, it loses all the tokens it has deposited in the system, a mechanism that requires maintaining a highly secure and democratic consensus. It should be noted that for the correct functioning of the network, there is a DAO in which the tokens used are Bridge tokens, created especially for this process, and with which there are various levels of voting power in the decisions that affect the bridge .
The Ton bridge project was born as one of the many proposals that are made daily in the Free Ton network, through a contest called `` Ethereum - Free Ton Bridge Design and Architecture '', published in the free ton forum in September of last year and which was won by the Broxus team of the DEFI subgovernance, a group of experts and professionals committed to the Free Ton ecosystem since its inception and who have already created other highly functional tools such as the Ton Surf wallet.
The creation of bridges like this one, play a fundamental role for decentralized finance, which today runs more frequently on various blockchains, especially on the ethereum network, through which the creation of smart contracts and the issuance of the well-known ERC-20 tokens, as well as most of the best-known DEFI applications in the world such as uniswap or Binance DEX, which have enormous liquidity in the market. But despite all the possibilities that the ethereum blockchain has to offer us, there are still certain disadvantages that projects like free Ton want to counteract through the creation of Ton Bridge, such as the super high fees and the very slow speeds that offers that network. I hope that in the near future many more people will realize the great potential that this bridge has to offer, which enjoys optimal performance compared to other blockchains.