Binance Comparison

The blockchain landscape is as vast as it is diverse. Filled with a rapidly growing number of tools, platforms, and protocols, each designed to boost the utility of cryptocurrencies and provide value to users.But in this complexity, a major obstacle has emerged. Blockchains simply can’t interact with one another. Ethereum, Binance Smart Chain, Solana, Terra, and dozens more blockchains are effectively operating in isolation, due to a lack of in-built interoperability. This has had a knock-on effect of dividing the blockchain community, who often need to pick and choose which platform to get to grips with and support. Over the years, a range of options has been pushed as potential solutions to this challenge. We’re talking about bridges — deceptively simple platforms that allow users to easily move their assets from one blockchain to another (a process known as bridging). PancakeSwap bridge, Terra Bridge, Wormhole Bridge, and even Binance’s bridge platform have seen a dramatic uptick in use over the past several months, as an increasing number of users look to interact with projects and services building on alternate blockchains. By effectively solving the liquidity issue by allowing users to move their assets from one blockchain to another at low cost, without requiring a steep learning curve or excess capital, cross-chain bridges are quickly becoming the go-to solution for those looking to regularly interact with multiple blockchains.And given their rapid adoption in recent months, it looks likely that they will continue to gain momentum in the months and years ahead as more people recognize the benefits of utilizing multiple blockchains. https://markets.businessinsider.com/news/stocks/are-bridges-solving-the-interoperability-problem-10615631 In this article, we examine two bridges protocol in the terra blockchain, the terra bridge and the wormhole. We compare the amount of assets in usd transferred and the number of transactions made by Thera Bridge and the wormhole to Bainance Smart chain. But before I continue, I will give you a little introduction to terra bridge and wormhole. What is Terra Bridge? Terra Bridge is a Web application to transfer Terra's tokens to other blockchain networks like Ethereum, binance smart chain, harmoney. Terra Bridge enables cross-chain transfer of all tokens supported by Shuttle, including Terra native tokens, most mAssets and also other token types from Terra ecosystem. What is Wormhole? Wormhole is a generic message passing protocol that connects to multiple chains including Ethereum, Solana, Terra, Binance Smart Chain and Polygon. Currently there two features built on top of the generic message passing protocol including: 1.A token bridge that allows users to seamlessly bridge wrapped assets between supported chains. 2.An NFT bridge that allows ERC721 and SPL NFTs to be transferred between Ethereum, Binance Smart Chain, Polygon and Solana. If you hold Shuttle BEP-20 UST and/or LUNA on BSC, you can migrate your tokens to Wormhole versions (USTw and LUNAw) using the Wormhole UI. The UI automatically connects to your MetaMask or Binance Wallet and scans for “migration-eligible” assets, including Shuttle BEP-20 UST and LUNA. You can then begin transferring USTw and LUNAw across Ethereum, Solana, Terra, and BSC immediately. Importantly, even if you don’t think you hold Shuttle assets, you should follow the steps below to ensure you don’t have any migration-eligible assets, which is easy to follow and handled by the UI. for more information: https://medium.com/terra-money/wormhole-v2-for-terra-the-ui-walkthrough-595ca6649ae8