P2P BLOCKCHAIN INTERNET THREEFOLD INTEGRATES WITH BINANCE, ETHEREUM AND HUOBI
ThreeFold, United Arab Emirates based blockchain entity plans to integrate it’s peer-to- peer internet platform with three of the leading blockchain ecosystems in the decentralized finance (DeFi) space; Binance Smart Chain (BSC), Ethereum and Huobi’s Eco Chain.
ThreeFold is set to integrate BSC in the next couple of weeks, with Ethereum and Huobi’s Eco Chain following shortly later on in the second quarter of 2021. These Integrations will provide the ThreeFold ecosystem access to a wide array of DeFi applications which will in turn, allow ThreeFold to be more accessible to the DeFi world and provide its users with more platforms to exchange TFT.
As a result of the recent cryptocurrency market booming with the total value of all cryptocurrency-related and blockchain-based projects surpassing $2.1 trillion, ThreeFold makes this bold move of Integrating with several popular blockchain ecosystems.
According to ThreeFold, “Just as Satoshi Nakamoto envisioned the democratization of the financial system through decentralization. ThreeFold is on a similar quest to democratize the internet which a unique combination of autonomous and blockchain technology. More internet users would benefit from a neutral peer-to-peer platform on which to store their data and run their applications privately and securely.
Furthermore, this upcoming Integration is a critical part of continuing to grow and cultivate the world’s largest peer-to-peer internet platform. The Integration plan puts ThreeFold far ahead of similar projects in the decentralized internet space, who are traditionally Ethereum-based. Though, with the increasing cost of Ethereum-based development and its close scalability updates, ThreeFold’s peer-to-peer internet will remain affordable, scalable and simple for developers.