StarBridge the Bridge Between Stellar Network (XLM) and Ethereum (ETH) Ecosystem

• Starbridge the bridge between Stellar and Ethereum
• Development and design of Starbridge
• Transfer local assets and wrapped assets
• Equitable access to all

Starbridge is set to be a trust-minimized bridge between stellar and other blockchains.  The development and design of Starbridge has already started.

Tomer Weller, VP Tech Strategy at Stellar.org expressed: “We’re building a bridge between Stellar and Ethereum.”

The development and design of Starbridge is based on requirements like:  1. Interoperate with Ethereum.  2.  Transfer value.  3.  Decentralized.  4.  Symmetrically bidirectional. 5.  Preselected assets.  6. Throughout.  7.  Latency.  and a few more.

From the Ethereum point of view the following are interesting:

1. Interoperate with Ethereum – As a starting point Starbridge will interoperate with one network, Ethereum where a significant amount of DeFi is being built today.
2. Transfer value – Stellar assets and Ethereum ERC-20 tokens should be transferable.
3. Symmetrically bidirectional – Stellar assets and Ethereum ERC-20 tokens should be transferable in both directions, with equal capabilities and functionality.
4. Preselected assets – Multiple preselected assets should be supported, with some governance function or capability for the addition of new assets.
5. Decentralized – Governance of the deployed technologies forming Starbridge should be decentralized with at least closed participation to minimize, or mitigate, the trust that users need to place in a single Starbridge operator.
6. Offline wallet support – If the source and destination wallets in a transfer are different wallets, the wallets should not need to be online at the same time.
7. Fees – Blockchain network fees should be paid by the source or destination wallet.
8. Throughput – The deployed technologies forming Starbridge should introduce no constraint on throughput in comparison to the throughput capabilities of the blockchain networks integrated.
9. Latency – The deployed technologies forming Starbridge should introduce no more than a five second latency on-top of the confirmation or finality times of the blockchain networks.

The bridge is expected to transfer two kinds of assets like local assets and wrapped assets.

Stellar has forever been striving towards their mission to make equitable access to the world’s financial infrastructure possible for all.  This can work only if there is a bridge – not only to the traditional financial system, but also a bridge to other blockchain networks.

This is one reason for why there are other participants in the Stellar ecosystem, like Pendulum and Flare are enabling access to other blockchains by development of bridging technologies which connects blockchain-to-blockchain.

Pendulum is focused on connecting “Fiat to DeFi” using smart contract network.  The focus is to connect DeFi to foreign Exchange market by facilitating Automated Market Makers (AMM) to provide for scalable liquidity pools for fiat currencies, this already creating yield opportunities for fiat token holders.

Flare, Turing complete Federated Byzantine Agreement (FBA) network, is at its core a new way of scaling smart contract platform.