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Cryptoknowmics 2022-09-22 18:20:14

BNB Chain Integrated Into ShareRing Swap Function

In the past, users had to exchange $SHR in three steps: from Binance Chain (BEP2) to BEP20 via Binance Wallet, then from ERC20 to ShareLedger (ShareRing App) using Multichain. They were required to pay a higher gas cost to switch to ShareLedger. With the recently published solution, users may bypass the ERC20 stage and proceed directly into the more practical 2-step procedure of switching from BEP2 (Binance Wallet) to BEP20, then into ShareLedger through the ShareRing app. ShareRing Network announced this function on its blog post and official Twitter handle. #BNB Smart Chain is now integrated into ShareRing's swapping function. Swap your $SHR between BNB Smart Chain and ShareLedger through the #ShareRing App. Read more here: https://t.co/57VKwf487P pic.twitter.com/hIIMew2JOM — ShareRing (@ShareRingGlobal) September 22, 2022 ShareRing is a blockchain ecosystem for digital identification comprising a collection of Layer 1 and Layer 2 protocols for verified identity management, designed to protect individuals’ and companies’ digital futures. Previous Procedure v/s Current Procedure Users can instantly swap into ShareLedger using the ShareRing app if they carry SHR-BEP20. This improved swap module can boost transaction volumes, enable Ethereum (ERC20) and Binance Smart Chain (BEP20), use less centralized databases to store transactional data, and perform better overall. Advantages of ShareRing Swap Function This new feature offer...

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