❔FAQ
1. What is BridgeM and its primary function?
BridgeM is a decentralized interoperability protocol that seamlessly connects Ethereum Layer 2 and Bitcoin Layer 2 networks. It facilitates secure and efficient data communication services. Merlin and Manta are the inaugural L2 ecosystems to be supported by BridgeM.
BridgeM supports BRC20, ARC20, ERC20, FT, and NFT assets between Ethereum and Bitcoin Networks, fostering mutual growth and expanding investment opportunities.
2. How will BridgeM build the Runes ecosystem?
BridgeM aims to anchor its goals in the Rune sector by focusing on the issuance of new assets and cross-chain operations during this period. Recognizing the potential of the Rune protocol, BridgeM is committed to providing improved cross-chain and trading liquidity for Runes. To achieve this, BridgeM will introduce a Rune cross-chain bridge, facilitating the migration of Runes from Bitcoin's order book model to BTC Layer 2 and Ethereum Layer 2. Through the utilization of an AMM mechanism, BridgeM will enhance Rune liquidity, thereby promoting prosperity in the Rune market.
3. What is the mission of BridgeM?
BridgeM's core mission is to swiftly and securely integrate the Bitcoin ecosystem with the Ethereum ecosystem, enabling ERC20 assets to thrive within the Bitcoin ecosystem and vice versa, fostering collaboration and investment diversity.
4. What role does BridgeM play in the broader blockchain landscape?
BridgeM addresses the imperative need for cross-chain protocols in the blockchain landscape. It serves as a bidirectional bridge, connecting BTC Layer2 and Ethereum Layer2, contributing to a seamless transfer of assets and promoting an efficient and interconnected trading experience.
5. How does BridgeM address the challenges of cross-chain swaps for ERC-20 Tokens?
BridgeM primarily employs atomic swap methods in the cross-chain process, supporting the circulation of ERC20 Tokens between BTC Layer2 and Ethereum Layer2. It tackles challenges by utilizing trusted and trustless bridges, ensuring a secure and synchronized fund transfer with a reliable and consistent experience.
6. What is the significance of the Bonding Curve Memo Liquidity Protocol?
The Bonding Curve Memo Liquidity Protocol is a significant evolution in Ethereum Layer2's trading mechanisms, providing users with a more flexible and versatile trading infrastructure. It supports the cross-chain transfer of non-Memo assets, including ERC20, ERC721, and ERC1155, further enhancing the protocol's functionality.
7. What is the roadmap for BridgeM in the coming years?
BridgeM hopes to be compatible with a wider range of asset types and more BTC Layer 2 and Ethereum Layer 2 solutions in the future. While improving cross-chain performance, it aims to make more gameplay compatible with asset cross-chain transactions and issuance on additional chains. This will allow more users to experience the liquidity value of asset exchanges.
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