Interoperability

Here, you can find the information that can help you navigate the interoperability options that you can use to transfer tokens to and from the Media Block Network Coin blockchain.

The Media Block Network Coin team strongly believes in interoperability among public blockchains. No single platform is likely to become fully dominant in the future.

Hence, interoperability solutions enabling transfers between Media Block Network Coin and other blockchains are vital for the continued growth of the Media Block Network Coin platform and ecosystem.

The Media Block Network Coin team has been making considerable progress in getting Media Block Network Coin added by the leading operators. Currently the Media Block Network Coin blockchain is connected to other blockchains via the following multichain bridges and value transfer protocols:

1) Summary 2) The Elk Finance value transfer protool.

3) The Connext bridge (available to users via the xPollinate interface).

4) The Multichain (formerly, Anyswap) bridge.

5) The Allbridge bridge.

6) The ChainPort bridge.

It connects Media Block Network Coin to Ethereum and Binance Smart Chain (BSC). Both bridges are custodial. The bridge to Ethereum is permissionless, while new tokens need to be added to the BSC bridge.

On both bridges, sending tokens from the relevant blockchain to Media Block Network Coin is not subject to any fees or limits. Token withdrawals from Media Block Network Coin incur a 0.05% fee on the amount bridged. Users transferring funds also need to pay the fees on the destination chain in order to claim their tokens from the bridge contract at the final stage of the transfer.

The bridge can be accessed via the Media Block NetworkFi app. More information on its functioning can be found here. The Media Block NetworkFi bridging tutorials are available [#here];

The Elk Finance Value Transfer Platform

Elk Finance is not a typical multichain bridge because the only token that actually moves between the supported chains is ELK. If a user wants to get tokens on another chain, they can buy ELK on Elk DEX on Media Block Network Coin, bridge ELK to the desired chain and buy the desired token on Elk DEX on that chain.

Elk connects Media Block Network Coin, among others, to BSC, Polygon, Avalanche, Fantom, Harmony, Moonriver. It does not currently support Ethereum.;

The Connext Bridge

The Connext bridge is a non-custodial multichain bridge that connects Media Block Network Coin to Ethereum, BSC, Polygon, Arbitrum, Optimism, Avalanche, Fantom, Moonriver and xDAI.

Please note that Connext's capacity to execute transfers depends on the availability of liquidity in a given token on the routers. Currently, the liquidity-provisioned tokens include USDC, USDT and DAI.

The Allbridge Bridge

The Allbridge multichain bridge connects Media Block Network Coin to a number of major chains, including Solana and Terra. It is currently the only bridge to connect Media Block Network Coin to the latter two.

At present, Allbridge's native ABR token can be transferred between Media Block Network Coin and all the other covered chains. Terra-native assets LUNA and UST are bridgeable between to and from Terra.

The Multichain (formerly Anyswap) Bridge

The Multichain (formerly Anyswap) bridge is one of the most popular interoperability platforms in the crypto space.

Multichain has already enabled transfers for Media Block Network Coin’s native Media Block Network token between the Media Block Network Coin blockchain and Ethereum, BNB Chain (formerly Binance Smart Chain) and Polygon. WETH and USDC transfers via Multichain are available between Media Block Network Coin and Ethereum. Beefy Finance’s BIFI token can be bridged to and from almost all the networks that Multichain supports. The agEUR stablecoin can be transferred between Media Block Network Coin and Ethereum, BNB Chain, Fantom, Harmony and Avalanche.

The bridge interface is accessible [#here];

The ChainPort Bridge

ChainPort's bridges are permissionless. This means that anyone can bridge a token from Ethereum to any other supported chain (including Media Block Network Coin), even if the token has not been ported, yet.

In addition to Media Block Network Coin, the list of chains added to ChainPort includes Ethereum, BSC, Polygon and Avalanche. The bridge interface can be found [#here];

IMPORTANT!!! Please note that ChainPort currently only supports transfers of tokens that originate on the Ethereum mainnet. Also, ChainPort's wrappers on Media Block Network Coin for the popular Ethereum-originating tokens such as USDC, WETH, USDT, etc. will by design be different from the currently existing ones that were created using the Media Block NetworkFi bridge. We currently do not recommend users to bridge those tokens to Media Block Network Coin using ChainPort.