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Send your tokens across Ethereum scaling solutions. FAQ Docs Forum Careers
2 days ago · Hop Protocol employs a multifaceted approach to ensure its security, integrating both on-chain and off-chain measures to protect its ecosystem. At its core, Hop Protocol is designed to facilitate swift and efficient token transfers across different blockchain networks, specifically between Ethereum and various Layer-2 networks.
What is Hop Protocol? Hop is a scalable rollup-to-rollup general token bridge. It allows users to send tokens from one rollup or sidechain to another almost immediately without having to wait for the networks challenge period. It works by involving market makers (referred to as Bonder) who front the liquidity at the destination chain in ...
Mar 10, 2023 · The HOP token is the native token of the Hop protocol and its ecosystem. It is the governance token of the HopDAO and is used to vote on improvement proposals. The Hop protocol hopes to get rid of the issues encountered by cryptocurrency enthusiasts while bridging between Ethereum scaling solutions.
2 Hop Protocol The Hop protocol provides a scalable rollup-to-rollup General Token Bridge using a two-pronged approach: 1. Create a cross-network bridge token that can be quickly and economically moved from rollup to rollup or claimed on layer-1 for its underlying asset. 2. Use Automated Market Makers to swap between each bridge token and
Hop has been built with maximal security in mind. There are no single point of failures or trusted off-chain actors. Instead the security is 100% rooted on-chain. Hop compresses origin messages (i.e transfers) into Bundles and uses the native message bridges to transfer these Bundles between chains. This system is refered to as using a "Hub-and ...
Introducing Hop DAO. Hop was built to be core Ethereum infrastructure and serve as a public good. We’re decentralizing the governance of Hop Protocol by turning it over to Hop DAO where it can be community owned and operated.
