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Review on Octus Bridge by Douglas Cachazo

Revainrating 5 out of 5

TON Bridge Much more than interconnecting Ethereun and Free Ton chains

The problem and what leads to create an Ethereun Ton Free bridge?

Many will ask, and rightly so, why create a bridge to a blockchain as successful as Ethereun if it has a market cap that exceeds 400 billion dollars, and the answer lies precisely there in large part, a liquidity as colossal as that requires a platform that will have many transactions and that is the big problem of the Ethereun chain, It scaled to a very high level which resulted in a bottleneck that makes the blockchain very heavy and leads to slow transactions that are accompanied by very high commissions to carry out the transactions, this creates the need for a workload that can be delegated to another more agile layer for the process and that is precisely the objective of the Ton bridge, now the founder and SEU of ethereun raised the need to create bridges to other faster chains, Telegram in its eagerness to create its own blockchain develops an ultra fast chain but due to legal problems that I still do not fully understand, is almost forced to abandon the project, a large community of developers hand in hand with the company Broxus formed by a group of Russian engineers of the highest level, accept the challenge and give life to a great project that seemed to die, rapidly develop the chain and new tools such as the wallet and the Ton Bridge, Another factor that influenced Ethereun to be the first bridge, I think it is because both platforms are developed with almost the same computer programming languages and that definitely facilitates the work to be done, in that sense it is worth noting that it is not about few developers, just look at the number that make up the development group in telegram and exceed 690 developers and the list continues to rise. However, following the development of the new Ethereum 2 platform, it is worth asking, will the bridge be necessary? I will give the answer in my conclusions later on.



Let's do an abstraction exercise to visualize more of what the Ton Bridge is all about.

I took the liberty of designing an image that reflects the above exercise. It could be thought that in the future it would not be so necessary to continue proliferating in creating new blockchains in an anarchic manner as is currently the case, so that the most effective and efficient in terms of transaction speed, low commissions and offering convenient development tools, could be servers of functionalities to other platforms. See Image 1



Functionality and what is the bridge for?

By means of the bridge you can interconnect both chains and pass Ethereun token to Free Ton and vice versa, it seems very complex but in reality it is not, it is something similar in computing when we want to emulate a system in another, it only requires a cross-reference table and some programming for it, in the case of ethereun Free ton the cross reference consists of taking the token from the source chain and creating an equivalent token in the receiving chain, if a return of the token is required the reverse step is done, the token is passed from the receiving chain and the corresponding value is returned to the previously transferred token returning them to the new owner.

How is the process?

The process to operate with the bridge is simple, you must have downloaded the Ton wallet and the metamask wallet to withdraw the ethereun tokens. Interconnect the wallets and that's it. I will not go into detail about the whole process but I recommend to follow the operating guide of the bridge available on the official website of broxus and from a link to it on the Free ton page, there is a section from which you can access the GITHUB repository to see the open codes, the documentation and the application directly.



Who benefits from the bridge

Decentralized finance on the ethereun chain is open to large investors, minority investors were practically nullified by the impossibility of paying the high transaction fees, which makes it an unprofitable option and practically at a loss, with the Ton Bridge this possibility is opened since the transaction fee almost disappears, investors are also benefited by passing amounts of ethereun to Free Ton can take advantage of the opportunities offered by agriculture in the Ton chain which leaves good profits, Finally, large investors find a well-paid opportunity by opting for the option of becoming transaction validators by investing in the Bridge token created for this purpose, it should be noted that they also become part of the governance with the right to vote, finally we can say that the Ethereun chain wins since it is freed from transactions that overload its processing capacity and Free Ton wins since it acquires good liquidity and resources for its development.





Conclusion and the question is sustainable Tron bridge over time?

My recommendation to follow this project and invest something in it becomes stronger. I have no doubt if there are no other imponderables such as regulations and bans as was the case in China which brought negative effects to the crypto world affecting the entire market in general. If there is no imponderable, the Ton Cristal token will rise until it reaches the value it had in its beginnings, which was over 3 dollars,

As for the question I posed in my introduction, it is because ethereun is rapidly developing its new platform based on the ethereun 2 protocol, which they indicate will be ultra fast with low commissions, the question arises whether the bridge will be necessary and I really think so, There will always be very interesting applications in both chains and the interconnection is not superfluous, what I am almost sure is that broxus must be programming the necessary interfaces in parallel so that when the time comes and the new ethereun platform is active, the bridge can continue to operate, otherwise the bridge will most likely stop working. I know that they are working on the Ton bridge to the Polkadot platform, but this development must be about to be finished.

I have no doubt that the result of this relationship Free Ton Revain has been of great benefit to both platforms, the mere fact that many people can see and understand through these reviews the scope and benefits of the project is already something of great value, it is a multiplier effect of followers, also the observations are of great importance. I take this opportunity to reiterate to the development community of the Free Ton project the need to redesign its main website and highlight more some important information such as more detailed information about the Ton bridge. And why not? Include Revain reviews in your website revain API.



img 1 attached to Octus Bridge review by Douglas Cachazo



Pros
  • The bridge allows the interconnection of the Ethereun and Free Ton chain allowing token exchange between them.
  • Offloads work to the Ethereun platform and gives liquidity to the Free Ton chain.
  • Good community and development company that have achieved a good implementation.
  • It is a good antecedent of what could be the new blockchain of the future, bridges between chains.
  • Ton Bridge benefits many, the chains and opens trade to minority investors because of its ultra speed and almost zero commissions
  • It will bring the development of many decentralized financial applications.
Cons
  • nothing