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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

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    Who Will Reach $1 First In 2023?

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    5 Best New BSC Cryptocurrencies To Invest In 2023

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    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

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    Crypto Analyst Predicts 1160% Surge

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    XRP Price At Risk? SEC Chair’s Congressional Testimony Fuels Ripple’s Legal Battle

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    4-Month Chart Dynamics Decoded By Crypto Analyst

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    Upcoming Optimism Unlock Threatens To Drag OP Below $1

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    Will Bullish Momentum Or Bearish Pressure Prevail?

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    Chainlink Spikes 10% On Weekly Chart As Market Sees Correction

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    TRX Could Rally To $0.095 and Outperform Bitcoin

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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    TRX Eyes Bullish Break While Bitcoin and ETH Struggle

    TRX Bulls Keeps Pushing, Why Rally Isn’t Over Yet

    Ether Futures ETFs Poised For October 3 Approval

    Ether Futures ETFs Poised For October 3 Approval

    Crypto Analyst Predicts 1160% Surge

    Crypto Analyst Predicts 1160% Surge

    XRP Price At Risk? SEC Chair’s Congressional Testimony Fuels Ripple’s Legal Battle

    XRP Price At Risk? SEC Chair’s Congressional Testimony Fuels Ripple’s Legal Battle

    4-Month Chart Dynamics Decoded By Crypto Analyst

    4-Month Chart Dynamics Decoded By Crypto Analyst

    Upcoming Optimism Unlock Threatens To Drag OP Below $1

    Upcoming Optimism Unlock Threatens To Drag OP Below $1

    Will Bullish Momentum Or Bearish Pressure Prevail?

    Will Bullish Momentum Or Bearish Pressure Prevail?

    Chainlink Spikes 10% On Weekly Chart As Market Sees Correction

    Chainlink Spikes 10% On Weekly Chart As Market Sees Correction

    TRX Could Rally To $0.095 and Outperform Bitcoin

    TRX Could Rally To $0.095 and Outperform Bitcoin

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    Join the Synergy Land Early Access Playtest

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    Big Time Preseason Launch – Play to Earn

    Big Time Preseason Launch – Play to Earn

    Zynga Announces Web3 Game Sugartown

    Sugartown Staking, NGMI Alpha Event, and More

    Splinterlands Downsizing Again – Play to Earn

    Splinterlands Downsizing Again – Play to Earn

    Duplicate Cards in Parallel – Play to Earn

    Duplicate Cards in Parallel – Play to Earn

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Komodo launches on-chain bridge between Ethereum and Binance Smart Chain

2021-10-19
in Ethereum
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Komodo launches on-chain bridge between Ethereum and Binance Smart Chain
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Bybit Welcome Bonus: Up to $600 in Rewards

Atomic swaps device Komodo has launched a brand new model of AtomicDEX, a non-custodial multi-coin pockets and atomic swap-powered DEX rolled into one app, that includes the business’s first non-custodial, AMM-free 1:1 bridge.

The DEX permits holders and merchants to have the identical asset on two or extra protocols (e.g. BEP-20 AAVE and ERC-20 AAVE), with the flexibility to seamlessly and trustlessly switch between them.

The large DeFi downside

Beforehand, swapping of the identical crypto-asset 1:1 throughout blockchain networks required a centralized alternate or a trusted wrapped token gateway, however now it’s handy to switch in a trusted method with atomic swaps. 

“Our cross-chain bridge is a significant enchancment to the crypto expertise for each HODLers and merchants. It provides you the liberty to maneuver property seamlessly between blockchains at any time, all whereas having 100% self-custody of your funds,” acknowledged Komodo CTO Kadan Stadelmann.

The discharge of AtomicDEX v0.5 eliminates the usage of a mint/burn perform for wrapped tokens like different cross-chain bridges and allows cross-chain and cross-protocol switch of native property that exist already on their respective networks. 

Serving to Ethereum and Binance Good Chain customers

That is particularly helpful for customers who need to switch property between Ethereum and Binance Good Chain (each protocols supported on AtomicDEX) as a way to begin utilizing DeFi purposes constructed particularly for these ecosystems.

With AtomicDEX, Consumer A is buying and selling trustlessly and straight with Consumer B from their respective non-custodial wallets.

One main improve with AtomicDEX v0.5 is the addition of Easy Buying and selling View. This new interface gives a sensible buying and selling engine with real-time value feed data to the person, making certain most simplicity when buying and selling. 

This launch additionally introduces an choice for the person to customise the variety of accepted block confirmations when buying and selling – opening up the chance for faster atomic swaps that also include a excessive degree of safety and trustlessness.

As Komodo’s DEX know-how steadily advances, AtomicDEX has seen an uptick in ecosystem enlargement in current months and is proving to be the interoperability connector for all blockchain protocols.

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