Nervos Blockchain Chops First Cross-Binding Bridge To Binance Smart Chain https://www.blockchainx.tech/bridge-smart-contract-development Nervos, a collection of public network and blockchain protocols, today announced the launch of a new cross-chain bridge with Binance Smart Chain (BSC), augmenting its multi-chain strategy as the network looks to expand its ecosystem.

Starting today, BSC resources can be moved into the Nervos ecosystem, and BSC-based developers and projects will be able to use existing code bases to start bringing their decentralized applications to Nervos, allowing them to will increase reach and user adoption.

In addition, users of the BSC ecosystem will also be able to take advantage of the agricultural production opportunities available through , the first decentralized exchange (DEX) launched on Nervos.

Expand the nerve ecosystem with Force Bridge The completion of the bridge from Nervos to BSC marks a milestone as it unlocks new options thanks to BSC’s Total Value Locked (TVL), which is the largest blockchain outside of Ethereum.

BSC-based developers and teams can port their to Nervos and gain access to projects, tools, and resources available on a thriving network focused on DeFi development.

Additionally, on Nervos like , a next-generation interoperable AMM decentralized exchange based on Nervos, will have access to liquidity through the BSC ecosystem.

Bridging is made possible by Force Bridge, a trustless cross-chain bridge that enables seamless transactions between the Nervos ecosystem and other public chains, the first EVM-compliant Tier 2 blockchain on the network.

By enabling cross-chain interoperability with BSC, we are unlocking an immense amount of value that can now be traded in the Nervos ecosystem.”

The Nervos Tier 1 Blockchain enables future-tier compatibility and simplifies the creation of EVM-compliant cross-chain bridges, such as the Nervos-BSC bridge, from the Nervos network to other chains.

Seamless token transfers This new bridge will allow the smooth transfer of tokens through the Nervos and BSC networks.

At launch, Binance Coin (BNB) and Binance USD (BUSD), the native token and stablecoin of the Binance ecosystem, respectively, will support asset transfers and cross-chain swaps, with support for BEP-20 tokens. additional in the future. .

Build a token bridge as an automated market maker (AMM),allows users to trade $CKB and any authorized token on the Ethereum network, as well as BNB and BUSD easily and efficiently.

1
$
User's avatar
@technosp posted 2 years ago

Comments