Sharad Jaiswal
Product
3
min read
May 4, 2024
The world of blockchain is brimming with innovation, and that includes Layer 2 solutions like Scroll. These networks promise to alleviate the scalability issues plaguing blockchains like Ethereum, offering faster transactions and lower fees.
But how do you get your crypto assets from the familiar Ethereum to a new network like Scroll? Fear not, intrepid crypto explorer, for this guide will show you how to bridge between Ethereum and Scroll using tanX, a revolutionary cross-chain orderbook DEX.
What is Ethereum?
Ethereum, the brainchild of Vitalik Buterin, is one of the most popular blockchains globally. It's the foundation for numerous cryptocurrencies and applications, but its success has come with numerous challenges like congestion and high gas fees. This "scalability trilemma" is where Layer 2 solutions like Scroll come in.
Introducing Scroll
Scroll is a Layer 2 scaling solution built on top of Ethereum. It aims to address Ethereum's scalability limitations by processing transactions off-chain before securely committing them to the Ethereum mainnet. This translates to significantly faster and cheaper transactions for users.
Why Bridge to Scroll?
Here are some compelling reasons to consider bridging your crypto assets to Scroll:
Faster Transactions: Scroll boasts significantly faster transaction speeds compared to Ethereum, allowing you to move your assets swiftly.
Lower Fees: Say goodbye to exorbitant gas fees! Scroll offers a much more cost-effective way to transact.
Enhanced Scalability: Scroll's architecture allows for more transactions per second, making it ideal for future growth.
Bridge from Ethereum to Scroll on tanX
First, you have to add your asset to tanX from your desired network. Here, we are taking the example of the Ethereum Network.
Step 1: Connect your wallet: tanX integrates with popular wallets like MetaMask and WalletConnect. To initiate the process, visit the tanX trade website and click on the "Connect Wallet" button. Select your preferred wallet provider from the available options.
Note: If this is the first time you are depositing from your wallet or if you haven’t set up a custom spend limit in Metamask, Metamask will ask you to set it up first, and then let you continue the process.
Note: If this is the first time you are depositing from your wallet or if you haven’t set up a custom spend limit in Metamask, Metamask will ask you to set it up first, and then let you continue the process.
Step 2: Click on Wallet Section and click on Deposit.
Step 3: Select the Ethereum network, choose the asset you want to deposit and verify yourself.
Step 4: Enter the amount you would like to deposit in the amount section. Click Confirm Deposit.
Step 5: Metamask will request your permission to transfer the funds, click Confirm.
Step 6: Congratulations! Your deposit has been initiated. There might be a waiting period for the transaction to be completed, and you will be notified via the notification icon in the top right corner.
Note: To check the status of your deposit, you can either click on Track Deposit or go to the History section from the left side menu and check under Deposits.
Step 7: Once you have successfully deposited your asset from your Arbitrum network, it’s time to bridge it to Scroll.
Step 8: Log in to trade.tanx.fi, go to the Wallet section on the left side and click on Withdraw in the right corner of the screen.
Step 9: Choose Scroll from the network list. If it is your first time withdrawing on tanX, a pop-up will appear guiding you through the process.
Step 10: Choose the asset you wish to withdraw. Enter the amount you would like to withdraw. Click Withdraw. Reconfirm the transaction in another pop-up. Note: Once you confirm the transaction, you can’t cancel it.
Step 11: The withdrawal has been initiated; please wait for the said duration. You will be notified once the withdrawal has been completed via the notification icon in the top right corner.
You have successfully bridged from Ethereum to Scroll. To check your withdrawal status, go to the History tab and check under Fast Withdrawals.
Embrace Frictionless Cross-Chain Transactions with tanX
tanX is at the forefront of bridging technology, offering a secure, instant, and gasless way to move your assets between Ethereum and Scroll. With Scroll's scalability and tanX's user-friendly bridge, you're now equipped to explore the exciting possibilities of Layer 2 solutions. So, dive into the future of crypto and bridge your way to a faster, cheaper, and more efficient blockchain experience!
Bridge your funds from Ethereum to Scroll on tanX today.
Disclaimer: This blog post is intended for informational purposes only and should not be construed as financial advice. By following these steps, you should be able to seamlessly bridge from Ethereum to Scroll. tanX's innovative features and commitment to user experience make it a compelling choice for traders of all levels. With its secure, gas-fee-free environment, tanX empowers you to trade your digital assets with confidence. Please conduct your own research before making any investment decisions.
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