The cross-chain service between Binance Smart Chain (BSC) and ThunderCore (TT Chain) has been officially launched.
According to the ThunderCore press release, “The first supported cross-chain coins are BNB, BUSD, TT, etc. Users can freely exchange coins through the on-chain decentralized exchange TT Swap and Pancake Swap. “He explained.
With cross-chain integration, BSC’s BNB and BUSD can be converted to TT-BNB and TT-BUSD of the same amount on the TT chain. In addition, the TT token of TT Chain can be converted to Bep20-TT of the same amount on Binance BSC. It is explained that the coin can be distributed in the other’s on-chain DApp.
A ThunderCore official explained, “BSC is an independent and ETH 2.0-compatible smart contract blockchain, and the design principles and basic structure of the ThunderCore main chain are very similar. Below are the common points between BSC and ThunderCore main chain.” .
Next, “Use of △POS protocol: high throughput and high performance, fast transaction processing speed, low commission, △Introduction of smart contract function, programmability greatly improves chain scalability, realization of various on-chain DApp functions,△speed of generating blocks per second Equipped, the speed of BSC (3 seconds) and Thunder Core (1 second) build high-speed infrastructure for DeFi protocol, △Ethereum virtual machine EVM and all applications and tools in the ecosystem are compatible. The difficulty is lowered, making it easier to migrate and deploy Ethereum dapps.”
ThunderCore said, “Both BSC and TT chain are public chains, support cross-chain transactions, and realize cross-chain exchange with mainstream digital assets such as BTC and Ethereum ERC20 (ETH, USDT). Currently, more application scenarios are realized. We are exploring the launch of these digital asset holders, and we want to further expand the way these digital asset holders generate revenue.”
Meanwhile, the two-way cross-chain service of BSC and TT chain starts in the field of DeFi finance, and TT swap of TT chain and Pancake swap of BSC have already opened a cross-chain coin exchange service. For example, TT-BNB can be exchanged for △TT on-chain assets TT △Nicer △Riser and cross-chain assets △TT-USDT △TT-WBTC △TT-USDC △TT-ETH. It is also planning to launch a TT trading pair so that holders of TT tokens can benefit from Pancake Swap, a decentralized platform of the BSC chain.
Cross-chain services that can be easily exchanged through ThunderCore Hub, MetaMask, and Trust Wallet are supported through TT swap and ThunderCore Hub.
You can also use Pancake Swap through Binance Chain Wallet, Metamask, Trust Wallet, Math Wallet, TokenPocket, and WalletConnect.
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.