Bancor 3.0 Announcement
At 8:30 pm EST, Bancor will unveil “BancorV3”. This update is a greatly anticipated update for various reasons. Recently Bancor updated the GUI on their site to make it more snappy and easier to get around.
Due to Bancor running on Ethereum, there are often high gas fees. With the version 3 stream happening soon, we’re expecting that Bancor will implement Ethereum layer 2 to their platform to decrease gas fees and increase the speed of transactions.
What is Bancor?
Bancor is a Decentralized exchange running on the Ethereum blockchain. Decentralized exchanges allow you to trade crypto without having an account on their platform, and you just need a wallet with crypto on it. All trades are made on the blockchain. You do not need to have any documents verified to allow you to trade.
Currently, before the stream starts, you’re able to retweet their tweet to stand a chance to win 100 BNT. Check out their Tweet here.
If you wish to see the Livestream for yourself, you can check it out here.