Bancor starts cross-block token trading between Ethereum and EOS


Decentralized liquidity network Bancor announced that it has completed its partnership with EOS to provide cross-blockchain token exchanges in a joint press release with Cointelegraph on 5 November.

Initially announced in September, Bancor has now extended to the EOS blockchain, using its BancorX decentralized application (DApp) to allow users to convert between Ethereum and EOS-based tokens, without exchanges.

The move is the first of its kind, Bancor says in his press release, and paves the way for "a much greater number of blockchain" to be included in such cross-blockchain exchanges.

"The ability to easily convert resource crossovers into a future where token projects and users have the ability to interact seamlessly with any blockchain that best fits their needs," commented Galia Benartzi, co-founder and head of the commercial development of Bancor. .

BancorX currently supports a number of Ethereum ERC20 tokens and uses its own BNT token to perform cross-blockchain transfers. The company also reported that their cross-blockchain DApp was built in partnership with LiquidEOS, "Block Producer" (BP) of EOS of Bancor – the equivalent of a miner on the Bitcoin network (BTC).

In the same announcement, Bancor announced that its Bprotocol Foundation will transfer $ 10 billion in value to the EOS blockchain using the tool to "encourage EOS development and token liquidity, as well as serve as a symbol of confidence in EOS's promise and promise. blockchain ".

BNT itself had reacted only marginally to the news at the time of the press, after facing a troubled year after Bancor became one of the initial coin offering projects (ICO) with the worst return to be launched in 2017.

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