YAY Games BSC & AVAX bridge — All you need to know
YAY Games aims to be at the edge of innovation, absorbing the best industry practices to create new possibilities within GameFi. Thus, our development team has now created a bridge between Binance Smart Chain (BSC) and Avalanche (AVAX) C-chain networks.
By leveraging the combination of two different blockchains, our platform will be taking a significant leap towards multichain mass adoption. Our decentralized gaming marketplace will offer the best service possible when it comes to accessibility and ease of use, taking advantage of the capabilities of both networks in terms of speed, scalability, low transaction fees, and security.
Moreover, we believe that the smooth transition between BSC and AVAX is a great contribution to the decentralized gaming industry. It will allow a larger audience to discover the advantages of AVAX while widening the range of possibilities for Avalanche C-chain supporters.
How does it work?
In bridging networks, the main focus is on security. The bridge is usually a weak spot for developers, opening doors for scammers to take advantage of the situation. That is why we wanted to find the safest way to enable this multichain interoperability.
To achieve this goal, we have chosen a proven and secure open-source solution, which provides access to liquidity between blockchains and was developed and verified by our Binance Chain partners.
Creating an application between Binance Smart Chain and Avalanche C-chain is a non-ordinary task that requires a unique solution, and the cross-chain bridge certainly has that touch of uniqueness.
Our cross-chain bridge will serve to bidirectionally transfer ERC20/BEP20 tokens between the Avalanche C-chain Network and Binance Smart Chain network in a fast and cost-efficient manner. You can know more about it here.
For our community members who wish to dive a little deeper into it, here are the three main bridge piles:
- The service keeps watching the swap request events on both chains and sends transactions to swap contracts on both chains.
- The server monitors register events to issue mirrored assets (tokens) on the Binance Smart Chain.
Binance Smart Chain side:
- There is a swap contract deployed on Binance Smart Chain
- The contract receives requests from the server to lock/unlock a number of BEP20 tokens
Avalanche C-chain chain side:
- There is a swap contract deployed on Avalanche C-chain
- The contract receives requests from the server to mint/burn a number of ERC20 tokens
About YAY Games
YAY is a decentralized gaming marketplace designed for gamers, traders, and farmers that merges the gaming sector with decentralized finance.
YAY, at its core, is a gaming marketplace platform that is introducing multiple games in a decentralized way, utilizing blockchain technology to diminish the gap between games and decentralized finance.
We bring the regular gamer into the blockchain by adding innovative in-game mining mechanics, farming pools, and non-fungible tokens to casual games. Thus, rewarding the user based on the number of games played, achievements accomplished, tournaments, and more.
Do not miss your chance to join us on this journey through the blockchain. Follow us on Twitter, Telegram, and Medium.
YAY Games introduces BSC/AVAX Bridge
We aim to offer the best service possible when it comes to accessibility and ease of use, taking advantage of the capabilities of both networks in terms of speed, scalability, low transaction fees, and security.
Our cross-chain bridge will serve to bidirectionally transfer ERC20/BEP20 tokens between the Avalanche C-chain Network and Binance Smart Chain network in a fast and cost-efficient manner.