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RE: The Next Evolution of Crypto Bridges. The Future Is Now.

in LeoFinance10 months ago

Hello @gadrian. I went to look up wrapped tokens and VSC in Google to see what they meant. There is so much to learn.

"Wrapped Token - Wrapped crypto tokens are cryptocurrencies pegged to the value of another original crypto or assets like gold, stocks, shares, and real estate and put to work on the DeFi platforms.
The original asset is ‘wrapped’ into a digital vault, and a newly minted token is created to transact on other platforms."

"VSC - VSC is the native utility token that is used for: - Fees for processing transactions and storing data. - Running validator nodes on the network via staking VSC tokens."

I'm trying to understand the article better. It is very interesting and I will post links to where I got my definitions in a reply to this comment. Barb #ctp

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Wrapped tokens are what you found but also native tokens of one blockchain on another blockchain. Like SWAP.BTC (bitcoin) is on Hive-Engine, for example. Or bHIVE on Binance Smart Chain.

By VSC I meant VSC Network (@vsc.network) which is being built as a sidechain of Hive for smart contracts.

Links to definitions of Wrapped Token and VSC in orange below. Click the orange text of each.

Wrapped Token

VSC