Bancor (BNT) launches automated conversions between Ethereum-based and EOS-based assets

2018-11-6 11:36

On November 5, decentralized liquidity network Bancor (BNT) announced it had completed its partnership with EOS to provide cross-blockchain token swaps.

Bancor has expanded to the EOS blockchain, using its decentralized application (DApp) BancorX to allow users to convert between Ethereum-based and EOS-based assets without users having to deposit funds on an exchange and without the need for order-matching between buyers and sellers.

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

Bancor also announced its Bprotocol Foundation would transfer $10 million in value to the EOS blockchain using the tool to “encourage EOS development and token liquidity, in addition to serving as a symbol of faith in the security and promise of the EOS blockchain.”

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Bancor (BNT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
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Источник: coinstelegram.com

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How Bancor Plans to Fix the Cryptocurrency Trading Process

Leading blockchain project Bancor is attempting to introduce automated cryptocurrency trading through its innovative technological solutions. Using a combination of its proprietary algorithm called the Bancor Protocol and a new type of smart contract-powered token, Bancor believes it can usher in a new age where people can trade digital currencies without the need for any middlemen.

2018-9-18 02:00


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