Decentralized Finance Platform Developers (DeFi) Effect Network, which specializes in connecting companies with potential employees around the world, will transfer development from the EOS blockchain to Binance Smart Chain (BSC). According to the developers, the main reason for the transition to BSC is blockchain based on smart contracts, exchange-backed Binance - related to concerns about the future of the EOS blockchain and its governance.
In January, EOS entrepreneur and CTO Dan Larimer (Dan Larimer) left Block.one, "To take on new personal projects". Effect Network also cites “broken promises to solve many problems, who chase the EOS network "before Larimer's departure as motivating factors for finding a more convenient blockchain.
Effect Network team claims, that their project is "the most used and largest project" on the EOS blockchain to date. Among the clients of the platform is Kraft Heinz, Linus Tech Tips and the United Nations. Developers warn, that Effect Network's move to BSC could well mean "the end of applications with real use cases on the EOS blockchain".
Effect Network CEO Chris Doe (Chris Dawe) explained, that the transition to BSC is related to his confidence in the long-term vision of infrastructure development Binance.
“Look, what the company has achieved Binance in just the last three years. This is a testament to dedication, hard work, but above all foresight. Number of products and services, that our customers and employees can use within the ecosystem Binance, astonishingly. This will help accelerate the growth of Effect Network. ", - said Doe.
Developers Binance Chain launched the main network Binance Smart Chain with BNB staking and app development DeFi last september. Since then, several projects have switched to BSC from other blockchains, eg, the developers of the 1inch decentralized exchange aggregator announced in February, that the project will be launched on Binance Smart Chain.
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