Inside on Bridge
The HELPS > ETH Bridge is a trustless, permissionless protocol for connecting blockchains. The bridge protocol removes the need to trust anyone except the security of the connected chains. Anyone can use the existing bridge, or join the maintenance of an existing bridge without getting approval from anyone else.
The HelpSeed Bridge allows any information that is cryptographically provable on HelpSeed to be usable in Ethereum contracts and vice versa — including the ability to read the state and schedule calls with callbacks on the other chain. This means a user can vote with their ETH balance in a HelpSeed DAO without sending a transaction on Ethereum.
The nature of the HelpSeed Bridge means its fully decentralized and adaptable to any future protocol changes. For more details about the HelpSeed Bridge, read the whitepaper here(whitepaper link).
The HelpSeed Bridge allows any information that is cryptographically provable on HelpSeed to be usable in Ethereum contracts and vice versa — including the ability to read the state and schedule calls with callbacks on the other chain. This means a user can vote with their ETH balance in a HelpSeed DAO without sending a transaction on Ethereum.
The nature of the HelpSeed Bridge means its fully decentralized and adaptable to any future protocol changes. For more details about the HelpSeed Bridge, read the whitepaper here(whitepaper link).
How the HelpSeed Bridge works?
Once on HelpSeed, transactions will confirm in 1-2 seconds and cost well under $1 in most cases.
Since the HelpSeed Bridge requires transactions on Ethereum for HelpSeed Ethereum, the following costs are expected.
Sending assets from Ethereum to HelpSeed takes about six minutes (20 blocks) and for ERC-20 costs about $10 on average.
Sending assets from HelpSeed back to Ethereum currently takes a maximum of sixteen hours (due to Ethereum finality times) and costs around $60 (due to ETH gas costs and at current ETH price). These costs and speeds will improve in the near future.
HelpSeed Bridge
TRY IT NOW
The HelpSeed Bridge is available to everyone and does not require special permission to maintain or use. To start transferring ERC-20 tokens and experience the high-speed, low-cost advantages of HelpSeed simply hit the “Try the HelpSeed Bridge” button.