Elrond (ERD) Partners with Swingby for Secure Inter-Blockchain Asset Swaps

Saturday 11 July 2020, 2:12 AM AEST - 11 months ago

Ahead of its mainnet launch on July 30, scalable blockchain platform Elrond (ERD) today announced its integration with inter-blockchain swaps protocol Swingby to facilitate seamless exchange of ERD and other Elrond mainnet assets with prominent digital tokens such as bitcoin (BTC), ether (ETH), and Binance coin (BNB).

Cross-Chain Liquidity for Frictionless Token Exchange

Elrond, an enterprise-grade blockchain architecture that is nearing its mainnet launch has joined forces with Singapore-based distributed ledger technology (DLT) project Swingby.

The collaboration will see Elrond leverage Swingbys inter-blockchain asset swaps to enable uninterrupted cross-chain blockchain asset exchange. Notably, the non-custodial, decentralized protocol works with all digital wallets.

The deepest liquidity comes to the fastest blockchain. The $ERD mainnet will have access to assets on all the large chains, thanks to the integration of @SwingbyProtocol, enabling trustless interchain secure token swaps that work with any wallet.https://t.co/fBq7jTO15Q

— elrond (@ElrondNetwork) July 10, 2020

Targetting the exponentially growing decentralized finance (DeFi) landscape, Elrond looks to cater to the DeFi application and components need for an infrastructure that offers high liquidity with minimal friction. The protocols creative approach to tackling some of the most evident bottlenecks of blockchains, including scalability, places it among the frontrunner DLT projects that promise to scale in tandem with the increasing number o ...

Read full story on BTCMANAGER

Disclaimer: The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.