Cross-Chain Milestone: NerveNetwork Connects ETH, BSC, and NULS
NerveNetwork has achieved a cross-chain milestone with a brand-new link to the Binance Smart Chain (BSC).
Binance assets BNB and BEP20 are now movable between Binance and Nerve using cross-chain transactions. From there, the owner can transfer these assets to the NULS and ETH networks.
The NULS public chain network is entirely open, and anyone can join and participate in the network. Individuals can participate in DeFi farming on these public chains.
With the rapid development of the DeFi market, interoperability, such as BTC’s cross-chain asset WBTC on Ethereum, is growing. WBTC has a total issue value of more than 2 billion USD. Many blockchain projects are now considering the introduction of cross-chain technology to open up connectivity channels.
NerveNetwork went live with this cross-chain project in July 2020. Its goal is to provide a decentralized digital asset service network. NerveNetwork intends to break down blockchain value silos and provide better underlying support for DeFi applications. It will allow digital asset owners to enjoy truly secure, free, and transparent DeFi application services.
Most cross-chain projects build around the center of their platform. NerveNetwork defines itself as a service provider designed to serve all public and other affiliated chains.
