To increase interoperability with the wider blockchain space, Fuse Network has announced the launch of a two-way bridge to Binance Smart Chain.
The bridge enables anyone to take an ERC20 token on Fuse Network and move it to Binance Smart Chain, and vice versa. Currently, wrapped Ether (WETH) is eligible for bridging but plans have been made to expand the set of eligible tokens in the coming weeks, including the native Fuse Token (FUSE).
Fuse is a rapidly growing blockchain and decentralized application ecosystem that focuses on consumer-friendly payments and DeFi (decentralized finance). It already powers one of the most used dApps in the crypto space, the GoodDollar project which has over 40,000 daily active users. It also boasts a robust plug-and-play infrastructure, including Fuse Studio for launching token-payment communities, the native FuseDollar stablecoin and the upcoming consumer-facing mobile wallet Fuse Cash.
Fuse's development was responsible for creating one of the first two-way bridges to Ethereum, a functionality that has been integral to the growth of the platform. However, the high fees on Ethereum lately have limited the bridge's attractiveness to users, in particular those wishing to trade small and medium amounts of crypto assets on Fuse's native DEX FuseSwap. As Fuse's core mission is to make payments and DeFi available to the masses, it is paramount that Fuse also provide users with low-cost options for moving assets to and from other highly-liquid blockchains.
Fuse is committed to a future with multiple blockchains and robust interoperability. It is no doubt that Ethereum, especially after its 2.0 upgrade has been fully implemented, will play a key role in the crypto space, however, the present needs of the users require that Fuse be connected to other leading platforms.
The views expressed in this article are the author's own and do not necessarily reflect the view of Hotpot Crypto. Hotpot Crypto shall not be held liable under any circumstances for any losses, damages or expenses arising from the use of any content mentioned in this article.
The information contained on this website is provided for informational purposes only, with no warranties, or guarantees made as to the accuracy, completeness or timeliness of it. Hotpot Crypto assumes no liability or responsibility for any errors or omissions in the information contained on this site. We strongly encourage you to conduct your own research before taking any action.
This site may contain copyrighted material, the use of which has not always been specifically authorized by the copyright owner. If you wish to use the copyrighted material from this site for the purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. Authors or publishers who claim ownership of copyrighted articles reprinted on this website and wish for the content to be removed may email us directly at email@example.com
If you would like to connect with us about any of the distributed content or other inquiries, please email us at firstname.lastname@example.org with the relevant documentation.