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Bancor launches EOS based cross-blockchain liquidity network: BancorX

Laira Rebecca

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Bancor launches EOS based cross-blockchain liquidity network: BancorX
Source: Unsplash

On 5th November, the decentralized liquidity network, Bancor announced the launch of their new enhanced product named BancorX. This will help the users convert between Ethereum and EOS based tokens automatically. The product is said to be a Cross-Blockchain Decentralized Liquidity Network.

Bancor’s tweet stated:

“We are thrilled to announce that our Cross-Blockchain Decentralized Liquidity Network, #BancorX, has officially been pushed live — enabling automated token conversions between 110+ ERC20 and EOS-based tokens.”

The decentralized application, Bancor has been designed on Ethereum blockchain which has processed over $1.5 billion token conversions till date.

The token conversion on BancorX can be performed without matching the orders between the traders. The EOS based blockchain platform provides various advantages such as faster transactions, zero transaction fees, and the transactions are not prioritized by gas fees.

Eyal Hertzog, the Co-Founder of Bancor said:

“BancorX is based on the ability to move BNT — Bancor’s Network Token — between blockchains. This cross-chain functionality increases the utility of BNT as an inter-network token, connecting the EOS and Ethereum ecosystems today, and vastly more blockchains in the future.”

Cross chain conversions on BancorX are achieved by transferring the Bancor Network Token [BNT ] between the EOS and Ethereum blockchain. BNT has the ability to destroy itself on multiple blockchains once the transfer has been completed. The circulating supply of BNT remains unchanged, even though it is involved in these token conversions.

Also, BancorX lets all the users view the transaction hashes of the cross-chain conversion and can be verified on both the chains.

Some of the well-known EOS projects which are launched on BancorX are Everipedia, MEET.ONE and Chaince. All the users are allowed to move there assets from Ethereum blockchain to EOS by integrating their assets with the new liquidity network.



The blockchain firm is aiming to improve the user experience and remove the friction with the help of BancorX. According to the team, “with real blockchain interoperability, the possibilities for token-powered applications proliferate dramatically”.

Yonas, a cryptocurrency trader says:

“Just tried #BancorX . It is faster than any exchange I have ever used. Great job guys!!!”





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Laira is a full-time writer at AMBCrypto. She is a Computer Science graduate and she has about 1-year experience in writing. Her enthusiasm and keen interest in developing her knowledge about blockchain and cryptocurrency led her to be a part of AMBCrypto. She currently does not hold any value in cryptocurrency or its projects.

Bitcoin Cash

Bitcoin Cash [BCH] rolls out iOS version of Bitcoin Cash Register

Rishi Raj

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Source: Pixabay

Bitcoin Cash [BCH] recently made headlines when the CEO of Bitcoin.com, Roger Ver got involved in a bet of $10,000 with Tone Vays, a popular Bitcoin maximalist which the former lost. After launching a free point-of-scale solution, Bitcoin Cash Register for Android operating systems, Bitcoin.com and its developers have rolled out an iOS version of the same.

Bitcoin Cash register allows anyone with an Android or iOS device to accept BCH payments. This came as a part of the company’s agenda to promote the adoption of crypto in the mainstream. With the installment Bitcoin Cash Register, it would be easier for retailers to accept BCH as payment from customers.



As reported by Bitcoin.com, Bitcoin Cash Register claims to be easy to use without any prior account registration and the transactions are carried out in a non-custodial manner. This was confirmed by Bitcoin.com via a tweet:

The bet between Roger Ver and Tone Vays regarding the low transaction fee had left the social media divided, with proponents on both sides arguing about the authenticity of the bet and factors taken into consideration while betting.





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