Nov 6 – Decentralized liquidity network Bancor has come through on its partnership with EOS by releasing cross-blockchain token swaps.
Originally announced in September, Bancor has now expanded to the EOS blockchain, using its decentralized application (DApp) BancorX to allow users to convert between Ethereum and EOS-based tokens, without exchanges.
This move is one of the first of its kind and paves way for more blockchains to avail this added feature as stated by Bancor.
“The ability to easily convert assets cross-chain points to a future in which token projects and users are empowered to seamlessly interact with any blockchain which best suits their needs,” Bancor co-founder and head of business development Galia Benartzi commented in the announcement.
In the same announcement today, Bancor 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.”