How to bridge tokens cross-chain using Celer cBridge?

As the number of blockchain protocols continues to increase, so does the need for interoperability between them. One of the critical challenges in the blockchain industry today is the ability to move assets across different blockchains. 

Various blockchain bridges emerged to fix this, each with unique features and trade-offs. In this article, we'll focus on Celer cBridge, explaining what it is, how it works, and how you can use it to bridge tokens cross-chain efficiently.

What is Celer cBridge?

Celer cBridge is a cross-chain bridge built on the Celer Network. It allows users the luxury of transferring tokens amongst various blockchain networks. It takes away the need for intermediaries alongside other technicalities. 

cBridge is a decentralized app that enables users to deposit tokens on one blockchain and withdraw in another. They take advantage of smart contracts. The tokens get locked on the original chain, and new tokens are minted on the target chain. The new tokens are withdrawn in place of the original at any time. 

The Celer Network offers two solutions. It presents swift, low-cost, and scalable transactions to blockchain networks. While allowing users to move their tokens between different chains quickly and efficiently.

How does Celer cBridge work?

Firstly, you need to link your wallet to the Celer Network. It is a pretty simple process and can be done via a variety of wallets. Some of these wallets are; MetaMask and Trust Wallet.

Once your wallet is connected, pick the token you want to bridge and the target chain you wish to send to. As of today, cBridge supports a wide range of chains. It supports Ethereum, Binance Smart Chain, and Polygon.

After linking, deposit the tokens you want to bridge into the cBridge smart contract. All you have to do is send them to the deposit address provided by cBridge. Once deposited, cBridge automatically locks them on the original chain and mints new tokens on the target chain.

Finally, you can withdraw the bridged tokens on the target chain, and they will be converted back into the original one at a 1:1 ratio. The tokens are transferable. Hence, could be sent to your wallet on the target chain for you to use them as you typically would.

What are the benefits of using Celer cBridge?

Using Celer cBridge comes with a lot of benefits. Some of them are;

Fast and efficient

cBridge allows you to transfer tokens between different chains with just a click of a button. Transfers are quick and reliable, with no room for intermediaries, time waste and technicalities.

Low fees

Most transactions on the blockchain network happen at a bank-breaking charge. But Celer cBridge uses a network of its own. This means transactions are processed off-chain, making the charges significantly lower than on the typical blockchain network.

Decentralized

Celer cBridge is a decentralized application. Hence, no single point of failure or risk of censorship. All transactions happen on the blockchain. This makes Celer cBridge perfect for transparent and immutable transactions.

Wide range of supported chains

Celer cBridge can be used to bridge tokens between almost any blockchain network. They support a wide range of popular chains. Ethereum, Binance Smart Chain and Polygon, are but a few. 

There are a few other DeFi applications like this on LI.FI. Bridges remain a viable way to move your tokens across different blockchain networks!

Conclusion

Celer cBridge is more than just a powerful tool - it's a game-changer for anyone looking to transfer tokens between different chains. With lightning-fast transaction times, ultra-low fees, and unparalleled security, cBridge offers a genuinely seamless cross-chain experience. 

Moreover, its user-friendly interface and support for diverse chains make it the go-to solution for novice and advanced users.