28 August 2020 14:15, UTC

Anna Martynova

The popularity of Polkadot is growing, which is noticeably reflected in the price. In a matter of days, the project managed to take the 6th place in the top ten cryptocurrencies with a total market capitalization of over $1.05 bln, according to Coingecko.

Most recently, Snowfork announced that they are working on a general-purpose bridge between Polkadot and Ethereum. Researchers and developers from the Web3 Foundation are involved, according to the press release.

Many traditional bridging concepts and protocols use trust minimization techniques that only work for basic asset transfers. The team’s efforts are focused on building a universal and “trustless” bridge that will allow Ethereum smart contracts to send instructions and information to and from Polkadot. The pilot is scheduled to launch in September.

Image courtesy of Polkadot

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