Brave has just announced integration with Binance Smart Chain (BSC) in form of wrapped BAT. This is huge news!
Integration with BSC blockchain will give BAT holders:
1. opportunity to participate in it’s projects (PancakeSwap, Beefy Finance, and so on)
2. browser wallet with preconfigured support for BSC
3. low transactions fees and scalability
It’s a huge step in Brave’s mission to make DeFi user-friendly for the mass market. As of today, the third point is probably the most interesting given the current problems with ridiculous fees in the Ethereum blockchain.
Just to be clear: BAT doesn’t migrate from Ethereum blockchain to BSC. It’s just that BAT expands beyond Ethereum ecosystem and explores new terrains.
In case you don’t already know what “wrapped token” means: it’s cryptocurrency token (in this case: BAT built on Ethereum’s blockchain) pegged to the value of another crypto (BSC’s wrapped BAT). Different blockchains can’t communicate between each other, but wrapped tokens can. For more details please visit the link below: