How does the LxLy Bridge work in general?

LxLy is basically a tool that allows users to bridge assets between L1( Ethereum) and L2 (Polygon zkEVM). It's a marvel of blockchain interoperability.  The LxLy bridge's modular design enables its deployment across various chains, ensuring a versatile bridge for L1 to L1, L1 to L2, L2 to L2, L2 to L3, and so on.

The overall process involved in LxLy is:

1. Deposit on L1:

   1. You start by sending assets to a special contract called PolygonZkEVMBridge on Ethereum L1.

   2. You specify details like the destination network (L2), your L2 address, the amount of assets, and the token contract address.

   3. Inside the contract, it checks if the destination is valid and handles Ether and ERC-20 tokens differently.

2. Updating Records:

   1. The contract keeps records of your deposits and ensures their security.

   2. If necessary, it updates a global record to show your assets are ready to move.

3. Transaction to L2:

   1. After a while, the records are updated on L2, often through a Sequencer.

   2. The L2 network checks this update, confirming your assets are now ready on L2.

4. Claim on L2:

   1. You can then prove that the assets are yours on L2 by providing proof.

   2. You submit a transaction on L2 to claim your assets using the PolygonZkEVMBridge contract.

5. Completion:

   1. The contract checks your proof and ensures the assets haven't been claimed before.

   2. It transfers your assets (Ether or tokens) accordingly.

   3. An event confirms the successful claim and your assets are now on L2

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In summary, the LyLx Bridge is a versatile solution for connecting different blockchain networks, and it operates through a series of steps involving smart contracts, records, and verification mechanisms.

GitHub repo for LyLx: https://github.com/0xPolygonHermez/code-examples/tree/main/customERC20-bridge-example