New EOS21 Protocol Allows the Ethereum Tokens to be "Teleported" to the EOS Blockchain

in dlike •  6 years ago 

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A new EOS protocol, EOS21, allows the " teleporting” of Ethereum tokens to the EOS blockchain and will improve blockchain interoperability.


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The protocol functions by destroying Ethereum tokens and subsequently creating them on the EOS blockchain. Once teleported to the destination chain, the token will no longer exist in a fungible form on the source chain.

Is that good for Ethereum token?

Well, its may be even a threat!!!