Cross-Chain communication is coming with Ethereum and EOS

[MrsBlockchain]

Bancor has announced their new exchange BancorX which will provide liquidity for tokens on the Ethereum and EOS blockchain, this will change the game.

https://medium.com/@liquideos/liquideos-announces-eosx-on-eos-blockchain-875d4aa640f6

[shinratensei_]

Bancor has announced their new exchange BancorX which will provide liquidity for tokens on the Ethereum and EOS blockchain, this will change the game.

https://medium.com/@liquideos/liquideos-announces-eosx-on-eos-blockchain-875d4aa640f6

Just curious about is that will be working on the both of platforms on the same exchange site? We know that even ARK still don't even create a proper cross chain platform. I'm a little bit doubt about that until there will be a real use case of that. Just waiting for another good news will come to us and this will create a very good connection between blockchain A to the another blockchain called blockchain B

[MrsBlockchain]

Yes that is right, both platforms Ethereum and EOS but its built on top of the EOS platform that is the only way it can work for now, it will be getting released within a couple months

[jvper]

Cross-chain communication is the next big thing technologically speaking. It will enable some good opportunities in the field, including but not limited to financial products such as Bancor's.

[Primaryio]

Does anybody know, will this bring more demand to the RAM market ?

[soundrum]

I think this will change the phase of the industry if they can effectively create Cross-chain communication between Ethereum and EOS. Am eagerly waiting for it.

[siddartha1492]

I'm not sure how this will work cross chain. I think Bancor will have two instances. One for Ethereum and one for EOS. But yes, Bancor is quick to adapt. It is one of the Block Producers on EOS blockchain. And an already popular DEX on ETH blockchain. So combing these 2 things is obviously the next step for Bancor.

But lately EOS exchanges have been hacked due to some issues in EOS blockchain and coding malpractices from project devs. Bancor has to make sure that it is ready for this.