ANN | SubBridge Launches on Phala Network, Leveraging the Interoperability Between Polkadot Ecosystem and Ethereum
SubBridge has progressed to the next stage: the two-way transfer from Phala to Ethereum is officially live now.
Now, you can swap PHA to Ethereum in a decentralized way with no fee beyond an Ethereum transaction fee. Reverse transfer can also be achieved (That is, you can transfer ERC20-PHA to the Phala blockchain too).
SubBridge enables the transfer among Phala, Khala, and Ethereum. You can swap Phala’s assets ERC20-PHA, K-PHA, and PHA. (Note: the direct transaction between K-PHA and PHA is not available as of now. If you have to do this, please connect with Ethereum separately. )
Following the successful launch of the Ethereum to Khala two-way bridge, we present to you the second big progress of SubBridge. As a cross-chain router, SubBridge is born to connect all the ecosystems with high speed and low cost. It is more selective and thus makes it easier for users to transfer assets in the digital world.
To Phala blockchain, this also is a crucial step to open more scenarios and integrate assets into the Phala ecosystem for the future. With this function going online, SubBridge is able to connect both Polkadot and Ethereum ecosystem.
About SubBridge
SubBridge is the first cross-chain router in the substrate ecosystem, based on the “XCM + ChainBridge cross-chain protocol” to realize cross-chain transmission of assets and information, bridging parachain with EVM and other chains. ( To learn more about this crucial product of Phala, read here.)
About Phala
Phala Network tackles the issue of trust in the computation cloud.
By organizing a decentralized network of computation nodes around the world, it offers high-performance services without relying on any cloud vendor. Phala workers run the programs in Secure Enclaves, a privacy technology already embedded into modern processors, enabling versatile and confidential execution. Together, this creates the infrastructure for a powerful, secure, and scalable trustless computing cloud.
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