Emery, our token bridge connecting CENNZnet to Ethereum is now live! The following is a quick practical FAQ to help you get started with Emery.
You can use Emery to quickly and easily move your tokens in a totally self-custodial mechanism on our purpose-built bridge UI.
You can learn more about how to use the bridge UI here.
In the future, you will also be able to utilise Emery to move your tokens using your Sylo wallet and the Glorious app.
In our initial launch phase, you will be able to use Emery to transfer ERC20 and Eth on the Ethereum side and CENNZ and CPAY on the CENNZnet side.
Soon you will also be able to move NFTs.
The Emery Bridge will enable users to:
Transfer ETH or ERC20 tokens onto CENNZnet.
Transfer ETH or ERC20 from CENNZnet to Ethereum
Transferring tokens using Emery moves tokens directly between the 2 blockchains using decentralised bridge technology. This makes it both fast and secure.
Once your tokens have been moved onto CENNZnet, you can use them to buy things within integrated DApps. For example, you could use transferred Eth to purchase an NFT on CENNZnet’s NFT aggregator, Litho.
The bridge can be used to transfer information about events between Ethereum and CENNZnet. For example, the result of a DAO vote on ETH could kick off an action on CENNZnet.
Using the bridge, DApps can be interoperable between CENNZnet and Ethereum. A single DApp can also work across both chains as a united interface.
You can imagine it a little bit like connecting hard wear in a computer: Ethereum is like the hard drive where storage is slower but more secure and CENNZnet will act like memory, where it’s faster and cheaper to do operations. The Emery Bridge is how you get data from the hard drive to the memory and vice versa.
Emery has been coded specifically not to allow CENNZ ERC20 tokens to be transferred to CENNZnet. This is because the future of CENNZ ERC20 tokens needs to be decided by the CENNZ community in a vote. This will happen when our governance system is in place (hopefully later this year).
As with all blockchain actions, using Emery costs gas fees. These can be paid in a mixture of Eth and CPAY as the transaction involves both chains. It works as follows:
ETHEREUM -> CENNZnet
For Ethereum to CENNZnet transfers, we will pay the cpay fee and also airdrop the bridger some cpay. This means all they have to do is deposit the tokens to Eth contract and then funds will transition auto-magically.
CENNZnet -> ETHEREUM
Looking for more answers? Drop your question to our community and support devs on Discord. You can also learn some more details about how the Emery bridge works here.