Nov 20, 2020

The Shardus project has an ERC20 token on the Ethereum network. We have been worried for a while now that during the upcoming bull market of 2021 the traffic on the Ethereum network will reach max capacity and transaction fees for a simple token transfer may get into hundreds of dollars. We have been looking at other networks that can provide a bridge and offload the traffic. After looking at various networks we have decided to go with Binance Smart Chain since it is 100% compatible with Ethereum, has a high TPS [1], low fees [2] and has the potential to grow faster than other compatible chains. We wanted to create a two way bridge so that our Shardus token could be easily moved between the two networks. We expected this might take a significant amount of effort to setup. But after doing some research we found that a project on the Bincance Smart Chain called BurgerSwap has already created such a bridge. BurgerSwap is basically like Uniswap on the Binance Smart Chain. It allows tokens on the Binance Smart Chain to be added to liquidity pools so they can be swapped with each other. It makes total sense that this project would have an interest in making it easy for ERC20 tokens to move between the Ethererum and Binance chains, since it would help increase the tokens available on BurgerSwap. So how do you set up this bridge? …

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The foundation for global-scale decentralized applications.

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