Bancor Expands to EOS Blockchain
The Bancor platform has announced that they will be expanding to the EOS blockchain. The decentralized liquidity network will now expand their services to the EOS blockchain, bringing in a variety of new projects that were previously restricted to ERC-20 tokens. This new product, titled BancorX, will allow users to traded between various EOS tokens as well as between EOS and ERC-20.
Bancor revealed in their announcement that “Bancor is now evolving into a cross-chain liquidity protocol,” which leads to the suggestion that Bancor will integrate other blockchains into their platform and potentially develop technology that increases transaction times between various blockchains. While the news is exciting, there has been no set timeline for the launch of BancorX’s EOS live blockchain.
Bancor has decided to launch with EOS due to the faster network transactional speeds vs. Ethereum, as well as the lack of fees. They stated that utilizing EOS eliminates front-running risk, as transactions are not prioritized with paying higher fees.
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