Cross-chain bridges has become a lifeline for Avalanche

Avalanche is one of the leading layer-1 blockchain networks. The network is based on the Proof-of-Stake (PoS) based consensus algorithm. Last year, the blockchain introduced its own official Ethereum bridge. However, now a third-party cross-chain bridge has claims to reduce transaction costs even further. Indeed, the network got its new cross-chain bridge from Umbria Network to help traders liquidity between the Ether mainnet and the AVAX blockchain.

Avalanche supports multiple virtual machines

Avalanche is a blockchain network that supports numerous virtual machines. Those machines include WebAssembly and Ethereum Virtual Machine. Ultimately, the network allows different sub-chains to incorporate a specific way of operations.

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Notably, virtual machine support enables easy connection with the AVAX network. Hence, the network had launched its official Ether bridge last year. The bridge allowed the users to process two-way transfer and its native token has been seeing serious gains over the last few months. Indeed, the chain was leading to the creation of third-party cross-chain bridges.

Avalanche’s lead seems to have been taken by Umbria

Umbria Network has launched its new cross-chain bridge called Narni. Notably, the latest bridge promises to offer a 90% cheaper transaction fee as compared to the official Avalanche bridge. Moreover, the bridge claims its bespoke system, which uses single asset liquidity pools and a custom oracle protocol that has reduced the computational complexity of bridging. Indeed, the cost has been reduced by about 90%.

According to Barney Chambers, co-founder and co-lead developer of Umbria the Avalanche blockchain allows dApps that are not economically feasible on Ether. Further he added that Umbria is acting as the glue between all the Layer-1 and Layer-2 chains. 

Meanwhile, Umbria also enables users to move their assets in a cheaper and timely manner. Ultimately, at Umbria, the ecosystem envisions that, in the future users will not even need to know what blockchain they are using.

Cross-chain bridges are lifeline

The DeFi ecosystem is continuing with its looming growth. As the industry grows, cross-chain bridges have become a lifeline, especially when the gas fee issue on Ether refuses to die down and it seems it will persist until the transition to Ether2.0 completes. Avalanche, BNB Chain, Solana, and Tezos are ravishing as popular networks with cross-chain bridge support.