ETH ↔ NEAR Rainbow Bridge (2024)

FAQs

ETH ↔ NEAR Rainbow Bridge? ›

The ETH ↔ NEAR Rainbow Bridge allows users to connect Ethereum assets and smart contracts on NEAR, move assets and data between blockchains, or run the product on both.

With the introduction of these new elements, the Rainbow Bridge is now able to perform transfers of ERC-20 tokens from the NEAR to the Ethereum ecosystem within a few minutes and with an additional relay fee. The Fast Bridge solution is decentralized and trustless.

Rainbow Bridge

Created by the team at Aurora Labs, the Rainbow Bridge is a permissionless, trustless, decentralised bridgebetween Ethereum, NEAR, and Aurora. It's one of the few cross-chain bridges that works without having to put any trust in third parties.

The safest way to bridge from Ethereum to Polygon is by using a reputable cross-chain bridge. One recommendation for this task is Stargate Finance, a service that lets you integrate with MetaMask, Coinbase, or another wallet of your choice.

The NEAR Protocol created the Rainbow Bridge—something that's both unique and valuable in the crypto space, a fully trustless bridge for transferring tokens between Ethereum, NEAR and Aurora. The Rainbow Bridge is the official bridge for transferring tokens between the Ethereum, NEAR and Aurora blockchains.

Despite swapping out proof-of-work, the entire history of Ethereum since genesis remained intact and unaltered by the transition to proof-of-stake. Any funds held in your wallet before The Merge are still accessible after The Merge. No action is required to upgrade on your part.

Once The Merge is complete, you can find your staked ETH (ETH2) balance under your Ethereum (ETH) wallet. As a reminder, there is no ETH2 token. ETH2 is the ticker on Coinbase representing staked ETH and will no longer be used after the Merge.

The Polygon Bridge allows users to move tokens from Ethereum ERC20 to Polygon Matic, Polygon's native token, which is the cheapest way to bridge ETH to Polygon.

Here are a few tips that could help you reduce the cost of bridging ETH to Polygon: Use a low-gas-price strategy: When you make a transaction on the Ethereum network, you can specify the gas price you are willing to pay.

You can use a bridge to transfer some ETH, USDC, or other tokens from Ethereum to Polygon — retaining their value — and start to use them with dapps on Polygon.

Where is the best place to see the Rainbow Bridge? ›

Viewpoints Rainbow Bridge

One super spot is the Hachitama Spherical Observation Room on the 25th floor of the Fuji TV building (admission ¥700 yen for adults). Here you can enjoy a 360 degrees panoramic view of Tokyo Bay, including the bridge. Tripods are allowed here for making amazing time-lapse shots in the evening.

From Niagara Falls USA, visitors can cross the Rainbow Bridge, connecting Downtown Niagara Falls, N.Y. to Niagara Falls, Ontario. Pedestrians are permitted on the pedestrian walkway.

Crossing the bridge takes around 15 minutes, but count at least 15 minutes to pass through customs at each end (more at busy times). The pedestrian walkway is accessible for wheelchairs and strollers.

Wormhole is a generic message passing protocol that enables communication between blockchains. The above is an oversimplified illustration of the protocol, details about the architecture and components are available here​

Cross-chain bridges: These bridges allow the exchange of assets or information between two different blockchain networks that use different protocols and technologies. For example, a cross-chain bridge could allow the transfer of a token from the Ethereum network to the Bitcoin network.

Rainbow is as secure as the Ethereum blockchain, making it extremely safe to use. As long as you keep your device and recovery phrase safe, there is little risk of anything happening to your funds.

Allbridge Core serves as a bridging solution between the Tron and Ethereum, enabling seamless swaps between TRC20 and ERC20 tokens.