BLOCKCHAIN

Trinity Protocol launched the converter between NEO and Ethereum

Trinity Protocol developers the launch of the cross-chain converter which will allow their own Trinity Token (TNC) to exist in two blockchains at once: NEO and Ethereum. Now TNC represents a token of the NEP-5 standard on NEO blockchain.

The off-chain decision for scaling of NEO blockchain is similar to Lightning Network technology which is already actively tested in Bitcoin blockchain: at the request of the user the converter blocks NEO tokens and will unblock equivalent quantity of Ethereum-tokens.

The mechanism is in the test phase now. Launch of the official version of the converter can take place approximately in two weeks.

Because of this news the course of TNC has risen by 16% and now the price of 1 TNC is about $0,12.

“At the end of March we launch the loyalty program Trinity. It will allow users to block their TNC and to receive awards after the unblocking.”

— the team of the project reported.

This February developers of the solution on scaling of networks for placement of smart contracts TrueBit tested the so-called bridge of dogethereum, sent the first coins of DOGE to the test Rinkeby network and back.

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blockchain, ICO, bitcoin, ethereum, mining

BLOCKCHAIN


Trinity Protocol launched the converter between NEO and Ethereum

Published by blockchain, ICO, bitcoin, ethereum, mining