Bitcoin News and Finance
Why Dvision Network Migration to Binance Smart Chain Is a Game Changer Skip to main content

Why Dvision Network Migration to Binance Smart Chain Is a Game Changer

Why Dvision Network Migration to Binance Smart Chain Is a Game Changer

The leading blockchain Virtual Reality (VR) Metaverse platform Dvision Network is set to migrate to the Binance Smart Chain network through the cross-chain bridge. Dvision Network has changed the blockchain space by offering users an ecosystem that encompasses NFTs and virtual reality. The migration to Binance Smart Chain could prove to be a masterstroke by the cutting-edge NFT Metaverse platform.

Binance Smart Chain Offers Wide Range of Possibilities

Dvision has already announced their readiness to launch on BSC in their blog post and also started a countdown in their website, which pinpoints to the official launch of the bridge on 20th May.

Currently, Dvision Network is based on the Ethereum network, and despite the popularity of Ethereum, it has been plagued by significant problems. Ethereum current architecture is not readily scalable, which has led to congestion on its network leading to high transaction fees.

This problem is quite crucial for Dvision Network, set to launch an NFT marketplace in 2021. Binance Smart Chain has emerged as an alternative to Ethereum and has attracted the crypto community since its launch in the second half of 2020.

Binance Smart Chain is designed to be scalable and crucially offers low transaction fees with the same efficiency as Ethereum. BSC has overtaken Ethereum to become the largest ecosystem in the blockchain industry and outpaces its rival transaction volume. Also, BSC is compatible with the popular Ethereum Virtual Machine, making it easy to migrate projects from Ethereum to Binance.

Several ethereum projects have begun to migrate to BSC. Dvision Network is seeking to expand its ecosystem with the migration to Binance Smart Chain.

Dvision Network to Offer BEP-20 DVI Token

One of the major ways that Dvision Network wants to leverage the Binance Smart Chain is by launching a BEP-20 version of DVI Token. The token will have similar functionality to the current ERC20 token and allow users to access features within the BSC ecosystem. DVI holders will be able to stake the BEP-20 tokens to earn yields and make swaps on popular BSC exchange PancakeSwap.

The highly scalable nature of BSC means that Dvision can build Dapps and other products within a blockchain that has quick confirmation times and low transaction fees. BSC community will also be able to access a decentralized virtual reality world and enjoy the benefits of purchasing virtual space using the DVI BEP-20 Tokens.

To further ensure interoperability between the two blockchain networks, Dvision Network has built a cross-chain bridge in cooperation with Curvegrid. The Bridge is built on Cuvergrid’s MultiBaas blockchain allowing smooth and convenient swaps of DVI from BEP20 to ERC20 and vice-versa.

With this Bridge, it will be easy for DVI holders to swap their tokens between the blockchains to take advantage of features. The cross-chain Bridge is intuitive and allows anyone to swap between the two tokens within a few steps.

More Developments for Dvision Network

Dvision Network team is still working on a number of products that are expected to be launched during the Q2-Q3 2021. One of these products is the highly anticipated NFT exchange system expected to herald the development of NFTs on its platform.

Dvision is regarded as one of the innovative blockchain platforms and recently auctioned a limited release of NFT characters. Its native token DVI has also been listed on top platforms like Bithumb and Coinone in recent months.

The migration to the BSC ecosystem could prove to be a major game-changer for the platform in its quest for adoption. To learn more about Dvision Network visit the website.

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory