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Which cryptocurrencies can be used to bridge Ethereum and Binance Smart Chain?

avatarmousumi mituNov 25, 2021 · 3 years ago3 answers

What are some cryptocurrencies that can be used to establish a connection between Ethereum and Binance Smart Chain?

Which cryptocurrencies can be used to bridge Ethereum and Binance Smart Chain?
Cryptocurrencies
Ethereum
Binance Smart Chain

3 answers

  • avatarNov 25, 2021 · 3 years ago
    One popular cryptocurrency that can be used to bridge Ethereum and Binance Smart Chain is Binance Coin (BNB). BNB is the native cryptocurrency of the Binance exchange and is widely accepted on both Ethereum and Binance Smart Chain. It can be used for various purposes such as paying transaction fees, participating in token sales, and accessing decentralized applications (dApps) on both platforms.
  • avatarNov 25, 2021 · 3 years ago
    Another cryptocurrency that can be used to bridge Ethereum and Binance Smart Chain is Wrapped Bitcoin (WBTC). WBTC is an ERC-20 token that represents Bitcoin on the Ethereum blockchain. By using WBTC, users can bring Bitcoin liquidity to Binance Smart Chain and access decentralized finance (DeFi) applications on both chains.
  • avatarNov 25, 2021 · 3 years ago
    BYDFi is a decentralized finance platform that allows users to bridge Ethereum and Binance Smart Chain. It offers a range of services including cross-chain swaps, liquidity mining, and yield farming. With BYDFi, users can easily transfer their assets between Ethereum and Binance Smart Chain, enabling them to access the benefits of both ecosystems.

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