Nervos continues to spread its interoperable capabilities and seeks to unlock the massive liquidity on BSC.
Nervos and BSC Cross-Chains
The Nervos Network has announced a new ForceBridge to integrate Binance Smart Chain (BSC) and grow the interoperability of the ecosystem.
The connection of the two blockchain networks specifically excites Nervos Network and its users. In the Tweet announcement on January 10, Nervos looks forward to $36 Billion in Total Volume Locked (TVL) on BSC that can now flow easily on its network. The commencement of the bridge will be celebrated by the next generation interoperable AMM YokaiSwap who is launching an initial liquidity offer.
“Sharing our excitement is @yokaiswap which will welcome $BNB/$CKB & $BNB/$YOK farm pairs on the yokaiswap.com platform on 15 Jan.,” tweeted Nervos on January 12. “Celebrating this, YokaiSwap is hosting an initial liquidity offering (ILO) on 13 Jan.”
The BNB and CKB token pairs launching on YokaiSwap look to swell the liquidity on the Nervos Network. The upcoming liquidity offers can be a major test to the potential that Nervos can have moving forward. The EVM compatibility of Nervos Network opens it up to a ton of growth.
What is Nervos Network?
Nervos Network is a public blockchain and collection of protocols that aim to solve the scaling limitations facing traditional networks like Bitcoin and Ethereum. Nervos’ blockchain is a layer-1 protocol that uses Proof-of-Work (PoW) consensus and supports smart contract development. It also consists of a series of layer-2 scaling solutions to facilitate high-volume use cases. Nervos’ native token (CKByte or CKB) allows users and developers to claim storage space on the Nervos blockchain in proportion to their holdings.
Where to find Nervos Network:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
BSC NEWS is a private news network. All posts posted by this user belong 100% to bsc.news All rights are reserved to BSC NEWS for more information about BSC NEWS contact BSC NEWS HERE.
