Binance Bridge is a decentralized application (dApp) that allows for the cross-chain transfer of assets from Ethereum to Binance Chain. The dApp was developed by the Binance team and is now live on the mainnet.
However, due to the recent Binance Smart Chain (BSC) hard fork, the dApp is no longer available.
NOTE: WARNING: Binance Bridge is no longer available and has been deprecated. It is not recommended to use Binance Bridge or any related services. Any use of Binance Bridge is done so at the user’s own risk and Binance cannot be held liable for any losses incurred.
The hard fork occurred on April 15th, 2021 and resulted in two separate chains – Binance Chain and Binance Smart Chain. As a result of the fork, all dApps built on Binance Chain were moved to Binance Smart Chain.
This includes Binance Bridge.
The team behind Binance Bridge is currently working on a new version of the dApp that will be compatible with both chains. In the meantime, users can still use the old version of the dApp to transfer assets from Ethereum to Binance Smart Chain.
10 Related Question Answers Found
Binance, the world’s largest cryptocurrency exchange by trading volume, has been making headlines lately for all the wrong reasons. From accusations of wash trading to being complicit in an alleged crypto ponzi scheme, the Malta-based company has been embroiled in controversy after controversy. The latest drama surrounds Binance’s newly launched “Binance Bridge,” a cross-chain tool that allows users to move assets from one blockchain to another.
A bridge is a structure that spans and provides passage over a physical barrier such as a body of water, valley, or road. Bridges are typically built for the purpose of transporting people or goods from one place to another. The term “bridge” can also be used metaphorically to refer to other types of connections or linkages between two things.
The short answer is yes, Binance is safe. This Malta-based cryptocurrency exchange is one of the most popular in the world and has built up a strong reputation. However, no exchange is 100% secure, and there have been a few hacks of Binance in the past.
Is Binance Safe? It’s been a rough few weeks for cryptocurrency exchanges. First, there was the hack of Mt.
Bridge Mutual is a new project that offers a decentralized insurance platform for cryptocurrency exchanges, traders, and investors. The project is still in its early stages, but it has already partnered with Binance, the world’s largest cryptocurrency exchange. The partnership between Bridge Mutual and Binance is a strategic one.
It is no secret that cryptocurrency exchanges have been hacked in the past. In fact, it seems like there is a new hack reported every few weeks. This has led many people to wonder if their Binance account is safe.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is still under investigation by Japanese authorities. The investigation was first launched in March 2018, after it was revealed that the exchange had been operating without a proper license from the Japanese Financial Services Agency (FSA). While the FSA has not yet issued any formal penalties or orders to Binance, the ongoing investigation is a clear sign that the regulator is not happy with the way the exchange has been operating in Japan.
Yes, you can still access Binance. The exchange has been down since May 7th, 2019, but there are still ways to get around this. There are a few methods that people have been using to get around this, and they seem to be working well.
As of September 2019, Binance will no longer offer access to US-based traders. This is due to regulatory reasons. However, if you already have a Binance account, you can still use it as normal.
Binance US, one of the world’s largest cryptocurrency exchanges, is shutting down. The move comes as a surprise to the crypto community, as Binance US was only launched last year. The news was first announced by Binance CEO Changpeng Zhao on Twitter.
