Free Ton expands ecosystem with new BRIDGE token

[Alex077]

The Free Ton bridge is a second-layer solution that links the Ethereum blockchain with that of Free Ton. The bridge fulfills a key function in decentralized finance, giving users the opportunity of transferring their assets from a first-layer chain, where transactions are slow and costly, to a newer chain with better scaling capabilities and close to zero fees on transactions. Due to the enhanced freedom that the Free Ton bridge seeks to give users in comparison with the limitations inherent in the original chain, it can be likened to a DeFi bank that offers clients autonomous control over their funds. In place of the typical board of directors you would find at a bank, the community here is governed democratically by a decentralized autonomous organization.

Free Ton, which was originally a community-driven offshoot of the now inactive Telegram Open Network, has now added a significant new wrinkle to its DeFi operations with the addition of its new BRIDGE tokens. The tokens provide the means for the Free Ton bridge to function by locking in the liquidity necessary for the project to operate and opening up the governing structure to users.

With Ethereum languishing in a bit of a prolonged slump, more attention is being paid to what is problematic about Ether (ETH) and how it can be improved upon. The two most glaring problems with the network are its scalability limitations and the high cost of its transaction fees. In particular, the high transaction fees, or gas fees as they are called, have been a thorn in the side of ETH users. Even as the bull run this past year saw Ethereum reach vertiginous new heights and scores of newcomers join the ranks of users, exorbitantly high gas fees had the effect of clipping the network’s wings. ].....https://cointelegraph.com/press-releases/free-ton-expands-ecosystem-with-new-bridge-token