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<p>Binance Smart Chain (BSC) and ThunderCore will open two-way cross-chain services, through application scenarios such as mining, DeFi finance, and blockchain games, to realize the barrier-free transfer and sharing of value with each other's chains.</p>
<p><img src="https://hx24.huoxing24.com/image/news/2021/03/05/1614939472449557.jpg"/></p>
<p>Binance Smart Chain (BSC) is issued by the leading exchange Binance. BSC is a blockchain parallel to Binance Chain (BC) and currently mainly serves the Binance DeFi ecosystem. In Binance’s dual public chain mechanism, smart contracts and DEX transactions are placed in two parallel public chains, BSC and BC, respectively. Users can develop DApps on BSC and benefit from Binance Dex’s high-speed transactions to solve high-speed transactions. Network congestion caused by frequent transactions.</p>
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<p><strong>High-performance public chain with a close concept</strong></p>
<p>The coincident public chain development path provides a basis for technical preparation and value sharing for two-way cross-chain. Binance Smart Chain (BSC) is an independent and ETH2.0 compatible smart contract blockchain, which is very similar to the design principle and infrastructure of the ThuderCore main chain.</p>
<ul><li>Both adopt POS consensus: achieve high throughput and high performance, faster transaction processing speed, and lower handling fee;</li><li>Both introduce smart contract functions, and programmability greatly increases the scalability of the chain, and can realize the diversification of DApp functions on the chain;</li><li>BSC (3 seconds) and ThunderCore (1 second), which also have block generation speeds in seconds, can establish a high-speed infrastructure for the DeFi protocol.</li><li>Both are compatible with the Ethereum virtual machine EVM and all applications and tools under its ecosystem, which greatly reduces the threshold for developers to develop DApps, and developers can easily implement the migration and deployment of Ethereum DApps.</li></ul>
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<p><strong>Cross-chain practices go further together</strong></p>
<p>As public chains, both BSC and TT natively support cross-chain communication and transactions, trying to rescue the blockchain from the scattered islands and make it possible to expand and link the blockchain. At present, both parties have realized the cross-chain interoperability of mainstream assets such as BTC and ERC20 (ETH, USDT) on Ethereum, allowing digital assets of considerable market value to participate in the BSC and TT ecosystems. At present, the two parties are exploring various application scenarios to realize the value flow of assets in the ecology and broaden the income channels of these digital asset holders.</p>
<p>However, the one-way cross-chain brings asset injection, so that token holders cannot quickly and freely switch between the ecological DApp applications of both parties, and the value generated for users is relatively limited. Both TT and BSC have cross-chain technology, which can realize two-way cross-chain, making the interoperability of ecological applications more likely and more efficient.</p>
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<p><strong>Asset symbiosis and equity interoperability</strong></p>
<p>The cross-chain services of both parties will start from the circulation of value, and when transferring money to the other chain (such as TT, BNB, etc.), the value will be locked and the same amount will be minted to achieve intercommunication on the other chain. The two-way asset regeneration will realize the barrier-free circulation of BSX ecological and TT ecological digital assets.</p>
<p>The interoperability brought about by cross-chain makes it possible to share value between the two chains. After cross-chain, BSC and TT ecological asset holders can exchange rights and interests under the ecological environment of both parties, and realize multiple benefits in the link between the internal and external scenes of the ecology. For example, BNB holders can use the decentralized exchange TT Swap (DEX) to realize the flash swap of various assets in the TT ecosystem and become a liquidity provider to make money; if they are exchanged for TT, they can not only enjoy the benefits of holding mining The income of TT can also become the governance right of the TT chain by the TT node. Of course, Pancake Swap, a decentralized platform on the BSC chain, will also open TT trading pairs to benefit TT token holders.</p>
<p>The two-way cross-chain service will be launched soon, and users can operate through platforms such as ThunderCore bridge, ThunderCore Hub, and MetaMask. More news, wait and see</p>
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