March 15, 2023
min read

MultiversX Bridge Is Live: Interoperability with Binance Smart Chain Alongside A Huge Improvement In UX

Protocol interoperability is an essential part of the MultiversX vision, building the foundation of the new financial system, with open, borderless, permissionless and global accessibility, all delivered at the performance of the internet.

It is the component that opens a path for the free flow of capital and data, circumventing the fragmentation that comes by default with blockchain networks.

This is why the MultiversX Bridge comes as the next step in the expansion of the ecosystem and core applications stack.

Matching The Ecosystem’s Intuitive UX

In the same way we approached the recently released products, we’ve been mindful of the importance of the interoperable layer - a significant enabler for first time interactions with the MultiversX ecosystem, and its simplified UX interface.

The new and carefully crafted user interface compresses all the steps that have to be initiated in a bridge transfer, making the experience more intuitive by having all the information in the same place.

Binance Smart Chain (BSC) integration, with Polygon soon to follow

We are also extending interoperability with two of the most widely adopted networks. Already battle tested with the community in a previous Battle of Bridges event, Binance Smart Chain is the first one to be added.

The integration comes together with added support for 3 new tokens originating from the Binance Smart Chain - USDC, BUSD and USDT, which will help bring a new wave of liquidity, tokens, communities, and builders to the MultiversX Ecosystem.

Polygon is the next to follow, scheduled for the coming weeks. The technical integration is complete and final checks are being performed.

Putting things into perspective

Overcoming tech hurdles inherent to other blockchain networks to achieve the current state of the MultiversX protocol has been a long and complex process of pushing limits. This process proved as significant as developing and supporting an ecosystem of apps that take advantage of the unique capabilities of the network.

Further innovating on the base layer, laying other important building blocks, and setting template examples have been the progressive steps that followed, which now result in a significant accumulation of utility and resources inside the ecosystem.

Every new app, every new tool, every new product, have all contributed and led to this point. A point where new potential exposure to millions of new users and the MultiversX Bridge is the strategic force that immediately unlocks it.

The energy & effort that our infrastructure partners have put into making this product upgrade a successful one has been truly impressive. Special thanks to the network of relayers - Stake Capital, Everstake, P2P Validator, Staking Agency and Istari Vision, for the professionalism that they have shown throughout the entire process and for being available many times on short notice.

Author Profile Picture
Lucian Mincu
Co-founder & CIO

Lucian Mincu, co-founder and CIO of MultiversX, is a self-taught tech prodigy, previously engineer at Uhrenwerk 24, Cetto, and Liebl Systems. and co-founder & CTO of MetaChain Capital. His ability to navigate complex challenges and carve out solutions is nothing short of extraordinary, making him a driving force behind the success of MultiversX.

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Author Profile Picture
Lucian Mincu
Co-founder & CIO
Published on
March 15, 2023
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