Binance Chain, the blockchain from cryptocurrency alternate firm Binance, and DAG-based sensible contract platform, Fantom, introduced at the moment they are going to be working collectively to create a multi-asset and cross chain ecosystem.
The Fantom workforce stated will probably be supporting a large number of tokens together with the ERC-20 commonplace, native Fantom token (FTM) commonplace, together with the BEP-2 token commonplace on Binance Chain.
“Our motive for selecting Binance Chain as our interoperability associate over every other blockchain is easy, we’re seeing an rising pattern of nice initiatives shifting in direction of Binance Chain, and we need to contribute to the Binance Chain ecosystem so that every one these nice initiatives might garner added worth from our contributions. Binance and Binance Chain are in a uncommon place of getting the strongest centralized alternate and liquidity on one finish, and a really cohesive decentralized ecosystem on the opposite finish, and we imagine that there is no such thing as a higher associate for Fantom in its push for better interoperability throughout the business.”
The Fantom Basis
The collaboration will supply Fantom customers an opportunity to transact and commerce FTM whereas being in custody of their very own tokens on Binance DEX.