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DeFi Deep Dive - What is Bancor?

Written By Ivan on Tech

Nov 21, 2020

The Bancor Network is one of the longest-standing cryptocurrency projects, and among the first to pioneer decentralized financial applications (dApps) and token swaps. Despite a heavily-publicized attack and various legal hurdles throughout its infancy, the Bancor Protocol is emerging as a stand-out platform. Bancor shows great potential, thanks to recent upgrades and services to the network and the higher utility of the BNT token.

In this article, we’re going to dive into how the Bancor Protocol operates, what the Bancor Network consists of, the roles of the BNT token, and what’s in store for the future of the Bancor v2.1 upgrade. It was only in July this year that Bancor v2 was released, and the voting took place a few months later between October 15th and 18th for the next protocol upgrade. Read on to learn all about Bancor!

Bancor shot back into public consciousness earlier this week, and its DeFi Pulse listing surged. If you want some help in keeping track of the...

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