Accel Wiki

Accel Acid Bridge

A blockchain "Bridge" in terms of cryptocurrency, is a cornerstone of blockchain interoperability wherein two economically sovereign and technologically diverse chains can communicate with each other. Historically, there have been two types of bridge implementations, Trusted Bridges versus Trustless Bridges. A Trusted Bridge (aka a Federated Bridge) is the historical implementation that allows you to wrap one currency in "another", while remaining on the same blockchain. For example, if you've ever seen wrapped Bitcoin (wBTC), what you are doing is "converting" your BTC into an asset that "represents" its value, but it is "wrapped" - still existing on the ERC-20 blockchain. In this example, it gives the wrapped BTC the same functionality of an Ethereum token. In this system you are "trusting" the blockchain to keep your wBTC value 1:1 with the normal BTC value. A Trustless Bridge is a direct extension for blockchain interoperability, allowing two blockchains to co-exist and communicate with one another. Generally, these bridges are governed by a burn and mint approach, in which tokesn do not leave their respective blockchains during the transaction. Instead, a token is burned or locked on its respective blockchain, and the bridge mints or creates its equivalent value transferred onto another blockchain. Not only are these bridges efficient, but they are truly decentralized and transparent, often operating automatically without external auditing required, since the bridge itself validates its transactions. The use of our cutting-edge Acid Bridge helps to mitigate token inflation and dilution by allowing one singular supply to exist across all blockchains, while simultaneously facilitating cross-chain swaps for our holders. Here, this singular supply can operate natively across all transactions for our in-house bridge, since new tokens are neither minted nor burned during the process. Our Acid Bridge also communicates with both our staking pools and our dApp, to allow staked Accel holders to decide which blockchain they would like to stake on, and receive rewards in the native currency of each blockchain. 5 billion token supply in total across all chains. One Accel token, live on multichain.