according toCCN reportsaccording to
CCN reports
CCN reports, Ethereum application Bancor is developing a DApp on EOS - the cross-chain liquidity protocol BancorX. The protocol allows users to trade not only tokens issued based on EOS, but also token transactions between EOS and Ethereum. At present, the specific release time of the DApp has not yet been determined.According to Bancor, this will form the worlds largest cross-chain liquidity network.
From the perspective of developers, deploying DApps on EOS can largely avoid the congestion in Ethereum, but the cost of deploying applications is relatively high. For example, developers need to ensure that
RAM, which is equivalent to state storage on the blockchain; CPU, which measures the average consumption of computing resources in microseconds; network bandwidth, or NET, which measures the average consumption in bytes.HackedFor developers, since the development cost is higher, besides the faster transaction speed of EOS, why did Bancor deploy DApp on EOS and choose this time?
Hackedthink, over $20 million in cryptocurrency was stolen. As a decentralized exchange, Bancor can actually freeze stolen tokens through the built-in mechanism of the Bancor protocol. Because of this, Bancor has been questioned by many people as a pseudo-decentralized exchange.However, Bancorthink
, to reserve the power to freeze and withdraw transactions, which can avoid losses suffered after incidents like THE DAO. The network where Bancor deploys the applicationEOS, supports freezing and reversing functions of transactions, obviously, this point of EOS is in line with Bancors values.
Sell ETHat present, the price of ETH fell, and the market panicked. Bancors deployment of applications on the commercial blockchain network EOS, which is considered to be blockchain 3.0, is also a precautionary measure. On the other hand, among the EOS-based decentralized exchanges, there are currently no outstanding projects. Bancor will build a bridge to EOS at this time, which will undoubtedly attract some users and enjoy the early dividends.
