Official launch of the decentralized Oracle service Umbrella Network Friday, paving the way for cross-chain transactions between the dominant smart contract platform and Binance Smart Chain, or BSC.
The inter-chain bridge connecting Ethereum and BSC was developed in-house at Umbrella Network, highlighting the need to transfer tokens and other crypto assets between the two networks. The cross-chain bridge also allows users to stake and mine crypto tokens on either blockchain. Umbrella said it plans for future cross-chain integration with Polygon, Solana and Avalanche, although no timeline has been given.
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