Proposal for NerveNetwork to Support Cross-Chain Operations with Binance Chain

By NULS | Nerve | 28 Aug 2020


Dear #NerveNetwork community! We're looking to build Cross-Chain Operations with #Binance

Chain, but we need your support!  

Proposal:  

Dear Binance Chain Community,
Binance Smart Chain currently support EVM, and NerveNetwork currently supports cross-chain transfers of ETH and ERC20 assets.

The mindset of ‘One chain to rule them all’ is inherently flawed, the future will include many blockchain projects optimized to serve different use cases; those projects that are prepared for this future will thrive and enjoy success.

We hope that we could reach a partnership with Binance Chain, and shall provide the following:

• When cross-chain integration is complete, NerveNetwork will support fast exchange within BEP2E assets and ERC20 assets seamlessly.
• Support Binance Smart Chain assets to circulate among NerveNetwork, NULS and other cross-chain blockchains registered on the NULS network. The DApps on NULS and NerveNetwork can quickly support BNB and multiple assets on Binance Chain.
• Support cross-chain staking: We shall support to cross-chain staking of BNB, in return for NVT rewards based on weightage.

Introduction:

NerveNetwork is a decentralized digital asset service network based on Nulstar, the first micro-services framework optimized for blockchain projects used by NULS as well. NerveNetwork was created using NULS ChainBox to develop a cross-chain interaction protocol. The aim is to establish a cross-chain asset exchange network to provide the necessary underlying support for the Defi application ecosystem and to let each digital asset holder experience a truly secure, free and transparent Defi application service.

NerveNetwork Application Scenario:

  1. Cross-chain Staking supports BTC, ETH, NULS. Users can stake on NerveNetwork to get NVT rewards.

  2. 15 virtual bank nodes manage cross-chain assets via heterogeneous cross-chain. 35 consensus nodes package transactions and generate blocks. Many other ordinary nodes verify main-net transactions.

  3. It can confirm within 2 seconds with more than 2000 TPS, and the transferring service fee is almost zero, it can be considered the lightning network of BTC, ETH, ERC20.

  4. NerveDEX adopts the asset matching protocol on the underlying chain to realize the transparent transaction of multi-chain assets

  5. Cross-chain mainstream assets such as BTC, ETH, USDT can use NULS VM to implement various Defi and DApp applications.

  6. Docking a chain to realize multi-chain asset management on-chain, providing services for small exchanges, wallets, DApps, etc.

Follow the link and read the proposal we've put forward. Help us share & support this proposal!

https://community.binance.org/topic/3074/proposal-for-nervenetwork-to-support-cross-chain-operations-with-binance-chain/2…

Thank you

About NerveNetwork

 

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