• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Rumble to Launch Bitcoin and Stablecoin Wallet in 2025

    Bitcoin ETF Inflows Surge to Record $40.62 Billion

    Bitcoin ETFs Achieve Record $40.62 Billion Inflows

    Metaplanet Issues $21.25M Bonds to Acquire Bitcoin

    Metaplanet Issues $25M Bonds for Bitcoin Acquisition

    Bitcoin Surges Past $100K Amid Market Instability

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Binance Confirms Doodles Token Airdrop for Eligible Holders

    SEC Settles $50M Ripple Lawsuit

    SEC Reaches $50M Settlement with Ripple Over XRP Case

    World Liberty Financial Acquires 1,587 ETH for $3.5 Million

    Ripple Settles with SEC for $50 Million

    XRP Price Stalls Following SEC Settlement

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

New EOS21 Protocol “Teleports” Tokens Between EOS and Ethereum

Aborisade G. by Aborisade G.
October 28, 2018
in Altcoin News, Latest News
NEW EOS21 PROTOCOL “TELEPORTS” TOKENS BETWEEN EOS AND ETHEREUM

ethereumworldnews.com

shEOS, a Spanish software development company, has successfully developed a protocol that acts as a communication tool between Ethereum and EOS blockchain. The EOS21 protocol acts as a bridge between the two blockchains, which allows the Ethereum ERC20 chips to “teleport” to EOS without losing functionality.

On the official GitHub project, the team explains that they created the code to achieve a true token transfer instead of simply cloning tokens. This process has been called “teleportation” because it is very similar to what you want to achieve.

The so-called “teleportation” is achieved by destroying the tokens of a blockchain so that they are immediately generated in the other. This avoids an artificial number of tokens in two chains and guarantees a satisfactory exchange of blockchain:

“In the EOS21 protocol, we offer another option for ERC20 contracts that we do not have an integrated pause / expiration function, but we want to move their tokens to another chain, so we call this action: teleportation – tokens from one channel to another teleporter it will be in the target chain, but no longer in a fungible form in the source chain. “

The team of shEOS trusts that the development of this technology can contribute to the growth of both blockchains, as well as to an essential tool to guarantee their interoperability:

“Lately, we have realized the importance of a specific development, namely, communication between blockchains and interoperability. […] How strong would it be for developers who have the freedom to move their tokens to any desired blockchain? For each chain, it is better Each of them has certain characteristics that make it more attractive for the needs of dApp developers. “

So far, details of large-scale applications have not been disclosed; However, there is a growing community interested in this protocol. The shEOS team requested that its technology will be adapted to other blockchains with characteristics similar to XRP / XLM.

By the way, another feature of the shEOS team is that it is 100% owned by women. The team’s Twitter is @Sheos_org and its telegram is SheosOrg.

Tags: Altcoin NewsEOS (EOS)Latest News
Previous Post

A Microsoft Excel Plugin for Sending and Receiving Bitcoin has been Developed

Next Post

Jaxx Wallet Review: All About the Multi-Currency Wallet

Aborisade G.

Aborisade G.

I excel in researching cryptocurrencies and enjoy writing about them...

Related Posts

Binance Confirms Doodles Token Airdrop for Eligible Holders

by Solomon M.
May 9, 2025

Binance confirms the Doodles (DOOD) token airdrop for holders of specific tokens, with eligibility criteria in place.

SEC Settles $50M Ripple Lawsuit

by Adriana M.
May 9, 2025

SEC and Ripple settle $50 million lawsuit over XRP, ending major crypto case.

SEC Reaches $50M Settlement with Ripple Over XRP Case

by Joshua T.
May 9, 2025

Ripple and SEC settle XRP lawsuit with $50M deal, ending a major crypto regulatory case.

World Liberty Financial Buys $3.5M Ethereum in Surprise Move

by Solomon M.
May 9, 2025

World Liberty Financial invests $3.5 million in Ethereum, sending signals of increased institutional interest amid market fluctuations.

World Liberty Financial Acquires 1,587 ETH for $3.5 Million

by Solomon M.
May 9, 2025

World Liberty Financial invests $3.5M in Ethereum, highlighting rising institutional interest in digital assets.

Ripple Settles with SEC for $50 Million

by Solomon M.
May 9, 2025

Ripple pays $50M to SEC, but XRP price remains muted amid Bitcoin's rise.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.