OrdBridge Architecture
OrdBridge consists of following components:
Custom indexers on Bitcoin side
We have built custom indexers which are essentially Bitcoin nodes indexing the Ordinals and interpreting BRC-20 defined protocols. Along with, we had to add customization to incorporate the ETH addresses added as meta information while inscribing 'transfer' on BRC-20 protocols. Along with, measures to avoid double spending, enabling security of the nodes were required.
Permissionless smart contract on ETH
There is a permissionless factory smart contract which adheres to BRC-20 guidelines and helps in wrapping BRC-20 tokens on ETH chain.
Eg. You had $ORDI on BRC-20. After migrating, you will get a token contract generated with wORDI ticker and Wrapped-ORDI name. This is powered by the OrdBridge factory contract.
More details on it will be shared soon.
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