Biconomy, a multichain relayer network building infrastructure to simplify the Ethereum and Web 3.0 experience, announced today the launch of its Hyphen mainnet, as per a release shared with CryptoSlate.
The protocol enables instant and low-cost token transfers across different blockchains.
Why need an Ethereum-Polygon bridge?
L2s have seen an exponential increase in demand with hundreds of dApps moving to Polygon to obtain faster transactions & cheaper gas fees. However, the user experience moving into and out of Polygon is complicated and time-consuming.
The launch of Hyphen will allow users to make USDC and USDT transfers between Ethereum and Polygon, facilitating those transfers in a few seconds, rather than the 30 minutes to multiple hours it currently takes.
“On average, to transfer funds from Layer2 to Layer1 blockchains, it can take anywhere from 40-min to 7-days for users to receive their funds,” said Sachin Tomar, CTO of Biconomy.
He added, “More specifically, i
Źródło: https://cryptoslate.com/transferring-assets-between-ethereum-eth-and-polygon-this-will-help/
