RATE Group | Ethereum Dapp Bancor Is Expanding to EOS for Fast, Free Transactions
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Ethereum Dapp Bancor Is Expanding to EOS for Fast, Free Transactions

17 Sep Ethereum Dapp Bancor Is Expanding to EOS for Fast, Free Transactions

Posted at 18:46h in Ethereum News by

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Bancor, one of the most popular and valuable decentralized applications on ethereum, is expanding to the EOS blockchain.

According to a company announcement, the “decentralized liquidity network,” which allows users to trade a range of ethereum-based tokens without depositing funds in an exchange or matching trades in an order book, will bring that capability to EOS.

The new cross-chain product, called BancorX, will allow users to trade between select EOS-based tokens – which have yet to be specified – as well as between EOS- and ethereum-based tokens.

“Bancor is now evolving into a cross-chain liquidity protocol,” the company explained in the announcement, adding that it has published code for open-source smart contracts on EOS, allowing users to experiment with the protocol in a testing environment.

No timeline was set for BancorX’s launch on EOS’ live blockchain.

Explaining the decision to launch on EOS, Bancor’s announcement cited the blockchain network’s transaction…

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