Router Protocol

In the blockchain space, achieving seamless interoperability and ensuring security are constant challenges, particularly when it comes to transferring tokens across different networks. To address these issues, Router Protocol has integrated with the xERC20 token standard, which aims to simplify token transfers across chains while addressing common concerns such as security, liquidity, and token fungibility. This integration plays a crucial role in enabling efficient and secure  cross-chain bridge  operations, bridging the gap between different blockchains. Understanding the xERC20 Token Standard The xERC20 token standard is an enhancement of the ERC-20 token standard, designed to improve the transfer process of tokens across multiple blockchain networks. This new standard introduces a mechanism where tokens are minted and burned by approved bridges, either canonical or third-party. Canonical bridges like the Optimism Bridge allow for lock and...