Leading Interoperability Alliance Poly Network Joins Hands with Binance Smart Chain to Drive Blockchain Cooperation and Integration
On January 15, 2021, Poly Network — a groundbreaking interoperability protocol alliance — struck a partnership agreement with Binance Smart Chain (BSC). Running parallel to Binance Chain, BSC is delivering innovative solutions that support EVM programmability and cross-chain interoperability. In addition to supporting cross-chain transactions, Poly Network and BSC will also leverage their leading strengths to empower developers with enhanced resources while also supporting them in developing decentralized applications (dApps) and other digital assets based on BSC’s smart contract functions.
Through its partnership with BSC, Poly Network aims to optimize its network clustering while also providing asset‘s liquidity between public chains and projects. While it has already transferred over USD3 billion in assets, both Poly Network and BSC are now expanding their ecosystem, thus making it possible to build on a greater range of platforms, including the Bitcoin, Ethereum, Neo, Ontology, Elrond, Switcheo, and BSC networks. Moreover, both platforms will leverage their fast block generation capabilities and low handling fees to deliver an optimized and streamlined transaction experience to users.
Since its MainNet launch, Poly Network has grown rapidly and now supports not only asset-cross chain, but also information cross-chain transactions across various platforms, namely Bitcoin, Ethereum, Neo, Ontology, Switcheo, Elrond, and BSC. As a groundbreaking protocol, Poly Network has made three, key breakthroughs to date — first, it has resolved information security issues and slow transaction execution by resolving differences between various algorithms and blockchain infrastructures. Second, Poly Network is built to enable member chains to quickly and easily various underlying platforms quickly for a low cost. Third, Poly Network is now playing a key role in uniting isolated blockchain networks to bring them together and build the foundation for next-gen Internet.
About Binance Smart Chain
Binance Smart Chain is a sovereign smart contract blockchain delivering Ethereum Virtual Machine (EVM) compatible programmability. Designed to run in parallel with Binance Chain, Binance Smart Chain retains the former’s fast execution times and low transaction fees while adding Smart Contracts functionality to support compatible dApps.
About Poly Network
Poly Network a groundbreaking heterogeneous interoperability protocol alliance, consisting of leading blockchain platforms such as Neo and Ontology. Poly Network already integrates Bitcoin, Ethereum, Neo, Ontology, Switcheo, Elrond and BSC, and aims to build the foundation for Next-gen Internet (NGI) by enabling greater integration, cooperation, and innovation. Representing both a technical breakthrough and a milestone for blockchain adoption, Poly Network is well positioned to become the pillar of NGI and the smart economy of tomorrow.