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The token bridge is designed to be a seamless and trustless way to connect Polkadex and Ethereum, with more blockchains to be supported in the future. Following the Polkadex ethos of providing a CEX-like experience but in a noncustodial DEX, Thea's user interface will resemble the deposit and withdrawal functions on centralized exchanges.
As opposed to current token bridges with centralized re-layers, Thea is run by existing Polkadex validators who act as a decentralized group of re-layers thanks to multi-party ECDSA (Elliptic Curve Digital Signature Algorithm) technology. Therefore, Thea bridges have no central point of attack as they are as decentralized as the Polkadex network itself.
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"Bringing liquidity in the way users do in CEXes without compromising security of those assets is critical to the user experience of a DEX. It shouldn't be complex or expensive. Thea is a leap in cross-chain interoperability which represents our commitment to user experience while bridging from Ethereum," said Polkadex CEO Gautham J.
Not only is Thea a leap in interoperability, but it's also a huge improvement in user experience in the token bridge space. With only one transaction needed, it's easier, faster and more...
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