Anyone can briefly explain to me how the erc20 <-> esdt bridge is working?
Has the bridge "the power of minting/burning a token" on Elronds side?
I could imagine the "ERC20 to ESDT" workflow if thats the case. You would lock up ERC20 tokens and mint/burn ESDT tokens. But is that really how this will go?
But what about the other way around? Will the bridge also be able to lock ESDT tokens and mint/burn ERC20 tokens on the ERC20 side. Meaning that ESDT Tokens can be bridged to ERC20?
This might help you :) https://github.com/ElrondNetwork/sc-bridge-elrond/tree/main