deBridge (DBR)

deBridge is a generic messaging and cross-chain interoperability protocol that enables decentralized transfers of value and messages between blockchains.

Seed Round: $5.5M

Whitepaper

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Interest lvl

High

Updated: Oct 17, 2024

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User Rating

Medium

3/5 • 1 votes

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Ticker

DBR

Type

Utility-token

Token standard

SPL

Registration year2021

Launchpads

ByBit

What is deBridge

deBridge is a secure interoperability layer for Web3 that enables decentralized transfers of arbitrary messages and value between various blockchains. The validation of cross-chain transactions is performed by a network of independent validators who are elected by and work for deBridge governance. Validators maintain the blockchain infrastructure and each run a deBridge node to sign all transactions that pass through deBridge smart contracts in different blockchains.

Delegated staking and slashing mechanics act as a backbone for protocol security and provide economic disincentives for validators to collude.

The deBridge protocol is an infrastructure platform and a framework for:

• decentralized transfer of arbitrary data and assets
• cross-chain interoperability and composability of smart contracts
• cross-chain swaps
• interoperability and bridging of NFTs