Ava Labs is testing a solution to move coins between Ethereum and Avalanche networks

Avalanche blockchain developers, Ava Labs launched, presented a decision, allows you to economically move coins from the Ethereum blockchain to the Avalanche network and vice versa.

Avalanche-Vethereum Bridge product is designed for developers, creating decentralized financial applications based on Ethereum. The service is at the final stage of testing. The project management said, what has been a step closer to the launch of the "bridge", Which will allow you to quickly and cheaper to move coins between the blockchains of the Ethereum and Avalanche.

According to Avalanche experts, The main advantage of the network is, that she supports the Ethereum virtual machine (EVM). It means, that the developers of the Ethereum will not have to make radical changes to their software, so that it becomes compatible with the Avalanche blockchain.

By its functionality, Avalanche-Vethereum Bridge will look like other protocols and services, created to move digital assets between blockchains, For example, WRAPPED BITCOIN protocol, allowing bitcoins to etherium. When introducing an asset to a smart contract from the Ethereum blockchain, This contract forms a similar amount in the format of Avalanche blockchain coins.

The transferred coins have the same value, and can be returned at any time. Avalanche-Vethereum Bridge works on the basis of the Chainsafe Protocol, developed by Chainbridge and ensuring the interaction of blockchains. Chainbridge also took part in the creation of the new Avalanche bridge, Using funds, obtained as part of the Avalanche-X grant program.

Recall, that the main network of Avalanche was launched in September after, how the developers managed to attract $60 million. $42.5 Milln of this amount were collected during the primary supply of coins (ICO).