 | Hyperbridge (BRIDGE)ICO Ongoing Dec 05, 2024 – Jan 31, 2025Hyperbridge is a cross-chain protocol that uses cryptographic proofs to create a decentralized and permissionless network of relayers, enabling secure transmission of messages across blockchain networks. Funding Round: $2.5 Million IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is Hyperbridge
Hyperbridge is an example of such a coprocessor, more specifically, a crypto-economic coprocessor. Hyperbridge pioneers a new class of coprocessors that leverage their consensus proofs to attest to the correctness of the computations performed onchain.
Hyperbridge scales trust-free interoperability to all chains by verifying and aggregating the finalized states of all chains into a single proof. This proof allows any blockchain to receive all cross-chain messages aggregated by Hyperbridge.
Hyperbridge is the first cross-chain protocol of its kind that leverages cryptographic proofs to power a decentralized and permissionless network of relayers. These relayers, which operate without the need for any whitelisting or staking, are tasked with transmitting messages across chains on behalf of users and applications. They are fully incentivized to relay messages by the fees paid by users who wish to perform cross-chain operations.
DetailsPublic sales: Dec 05, 2024 - Jan 31, 2025Token supply: 1,000,000,000 BRIDGE Total tokens for sale: 100,000,000 BRIDGE Raised: 2,500,000 USD LegalBlockchain Platform: PolkadotRegistration country: Estonia Registration year: 2022 | Token infoTicker: BRIDGEType: Utility-token Token price in USD: 1 BRIDGE = 0.05 USD Token distribution: 35% - Onchain Treasury 30% - Token Sales 10% - Foundation 20% - Team 5% - Crowdloan Rewards |
Hyperbridge Roadmap
Research and development Begins
Research into Ethereum's POST-merge consensus mechanism began and in parallel, Began R&D of the ISMP standard
Delivered Research Grants
Delivered rust implementation of the ISMP protocol as part of w3f grant.
Published sync-committee-rs
Released sync-committee-rs, a library for verifying Ethereum's consensus.
EVM Support for ISMP
Implemented the ISMP protocol for EVM
Published ZKCasper
Designed a breakthrough light client protocol for verifying the full consensus of Ethereum with almost a million validators.
Gargantua V1 Testnet
Implemented state machine verifiers for OpStack and Arbitrum Orbit
Deployment of Hyperbridge to Goerli, Arbitrum, Optimism and Base on Goerli, Processed over 200k messages
Polkadot Crowdloans
Secured a Polkadot parachain slot with a contribution worth $2.7m at the time.
Gargantua V2 Testnet
Development of ZK-BEEFY: A zk light client for cheap consensus proof verification
Deployment of a BNB consensus client
Deployment of OpStack Fault Proof light client
Deployed the Relayer Incentivization Protocol paving the way for permissionless relayers
Deployment of Hyperbridge to Sepolia, BNB, Arbitrum, Optimism and Base on Sepolia
Processed over 300k messages
Audit
Published Hyperbridge audit by SRLabs. The same team responsible for auditing Polkadot.
Gargantua V3 Testnet
Deployment of Hyperbridge to the Paseo Testnet
Deployed Protocol optimizations to further drive down Gas costs
Funding Announcement
Secured $2.5m funding from Web3 Foundation and Scytale Digital
Integrations and Partnerships
Deployed hyperbridge to Gnosis chain
Hyperbridge is integrated into Hashi
Partnership with zkVerify to take cheap zkVerification multichain
Nexus Mainnet
Hyperbridge goes live on mainnet, connecting Ethereum, BNB, Base, Arbitrum, Gnosis and Optimism
Initial Relayer Offering
The initial relayer offering allows relayers acquire the BRIDGE token to continue their operations once Hyperbridge transitions to a fully permissionless protocol
TGE
BRIDGE token goes live.
ISMP for Alt-VMs
Development of ISMP for Move, CosmWasm and Aiken (Cardano).
Development of new conensus verifiers for Aptos, Sui and Tendermint.
Decentralization
Decentralized Governance goes live
Relayer staking allowing relayers to share in protocol revenue
BLS BEEFY
Deployment of BLS BEEFY light client making room for fully decentralized consensus relayers subsidized by the protocol
Hyperbridge Expansion
Hyperbridge expands to support Aptos, Polygon and Cosmos
ZKCasper Deployment
Deployment of ZKCasper, establishing Hyperbridge as the most secure bridge to Ethereum
Web2 Interoperability
The final frontier of interoperability, the inevitable merging of Web2 with Web3 that unlocks new real-world applications for blockchains and crypto
Social media
MVP
