Bittime - Good news for Sui blockchain users! The Sui Foundation has just announced the launch of Sui Bridge on the testnet, along with an incentive program for users who join the testnet.
What is Sui Bridge?
Sui Bridge is a native crypto bridge specifically designed to move assets and data securely between the Sui and Ethereum blockchains. This bridge allows easy and secure transfer of ETH, wBTC, USDC, and USDT.
Sui Bridge utilizes Sui network validators to ensure the security of asset transfers. Unlike third-party bridges that use external validators, Sui Bridge offers more security integrated with the Sui blockchain infrastructure.
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Incentive and Bug Bounty Programs
The Sui Foundation hosted an incentive program to encourage user participation in Sui Bridge testing. By participating, users can help identify bugs and ensure the smooth running of the bridge. A total of 100,000 SUI tokens will be distributed on Mainnet to users who contributed to the test.
In addition to the incentive program, the Sui Foundation is also expanding its bug bounty program to include Sui Bridge. The community is invited to help identify and fix potential bugs that could impact bridge security.
How to Participate in Testnet
- Use the Sui Bridge web user interface (UI) on Testnet.
- Perform the entire transaction flow, including claiming assets on the destination blockchain.
- Avoid using bridge functions directly outside the web UI.
- Report any bugs found via the Sui Bridge forum or Discord by including evidence in the form of video clips and related transaction information.
- Study the FAQ to avoid reporting known issues.
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Sui Bridge Testnet Usage Guide
- The Sui Bridge web UI currently uses Sui Testnet and Ethereum Sepolia Testnet.
- Users must obtain testnet tokens from specific faucets for each blockchain.
- Sui Bridge supports the transfer of five types of tokens: native ETH, wETH, wBTC, USDC, and USDT.
- A complete guide regarding the process of bridging assets from Ethereum to Sui and vice versa is available on the official Sui website.
By participating in Sui Bridge Testnet testing, users not only help improve the security and efficiency of the bridge, but also have the opportunity to earn rewards in the form of SUI tokens. Sui Foundation looks forward to community participation and feedback to improve Sui Bridge before its launch on Mainnet.
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How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Staking Sui (SUI): Everything Beginners Need to Know
Sui Gains Massive Momentum at First Global Event, Sui Basecamp
Sui (SUI) Price Prediction 2024, 2025, 2026-2030: Will it Continue to Rise?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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