• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    BlackRock CEO Predicts $500K Bitcoin Surge

    BlackRock CEO Predicts $500K Bitcoin Surge

    Metaplanet Launches US and Japan Subsidiaries Amid Market Volatility

    Metaplanet Launches New US, Japan Subsidiaries Amid Stock Volatility

    Bitcoin Options Market Eyes $125K Targets Post-FOMC

    Bitcoin Options Market Eyes $125K Targets Post-FOMC

    Bitcoin Bulls Eye $125K Amid Fed Rate Cut Speculations

    Bitcoin Bulls Eye $125K Amid Fed Rate Cut Speculations

    Next Technology's Major Bitcoin Acquisition Plans

    Next Technology Plans $500M Stock Sale to Buy Bitcoin

    Next Technology Plans $500M Stock Sale to Acquire Bitcoin

    Next Technology Plans $500M Stock Sale to Acquire Bitcoin

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    Forward Industries' $4B Solana Investment Strategy Unveiled

    Forward Industries’ $4B Solana Investment Strategy Unveiled

    CleanCore's DOGE Treasury Surpasses $160M Boosting Market

    CleanCore’s DOGE Treasury Surpasses $160M Boosting Market

    XRP Treasury Expansion Through VivoPower Mining Swap

    XRP Treasury Expansion Through VivoPower Mining Swap

    Rumors of CZ Returning Spike BNB by 5%

    Rumors of CZ Returning Spike BNB by 5%

    SharpLink Executes Ethereum-Backed Buyback Amid Stock Market Volatility

    SharpLink Stock Dips Post Major Buyback Execution

    Binance Coin Reaches New Heights Amid Institutional Surge

    Binance Coin Reaches New All-Time High Amid Institutional Surge

    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

General Mills Reports Sales Increase Amid Divestitures

Bitcoin Surges Amidst Market Volatility: A Closer Look at the Latest Crypto Trends

by Solomon M.
September 17, 2025

Explore the latest surge in Bitcoin prices amidst global market volatility. Understand the factors driving this trend and what it...

General Mills Reports Mixed Q1 Financial Results

General Mills Reports Mixed Q1 Financial Results

by Solomon M.
September 17, 2025

General Mills showcases mixed Q1 results with sales at $4.5B and EPS of $0.86.

Forward Industries' $4B Solana Investment Strategy Unveiled

Forward Industries’ $4B Solana Investment Strategy Unveiled

by Solomon M.
September 17, 2025

Forward Industries launches $4B ATM program to boost Solana holdings, impacting markets and governance.

Banco Santander Launches Regulated Crypto Trading in Europe

Banco Santander Launches Crypto Services for Retail Clients

by Solomon M.
September 17, 2025

Banco Santander introduces crypto services in Spain, Germany, and Italy through Santander One and Openbank.

CleanCore's DOGE Treasury Surpasses $160M Boosting Market

CleanCore’s DOGE Treasury Surpasses $160M Boosting Market

by Solomon M.
September 17, 2025

CleanCore Solutions increases Dogecoin treasury over $160M, creating market momentum.

SIM Mining App Launches with $100 Bonus

SIM Mining Launches Mobile App with $100 Bonus

by Solomon M.
September 17, 2025

SIM Mining's new app offers $100 bonus, increasing accessibility for cryptocurrency cloud mining.

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.