LABEL Foundation Is Bridging To The Binance Smart Chain Using MultiBaas Middleware

Blockchain-oriented international education platform LABEL Foundation has announced it is bridging over to the Binance Smart Chain. In order to expand interoperability, the platform which is built on the Ethereum Mainnet is enabling new use cases through this bridge. Using the MultiBaas Middleware built by Curvegrid, LABEL Foundation will create a bridge that links the Ethereum Mainnet and the Binance Smart Chain that will allow LBL tokens to move freely between both blockchains. The integration will allow for advanced smart contract capabilities as well as massive computation for the LABEL Foundation to bring more sustainable, scalable, and secure performance for its users. LABEL has also announced that it is conducting two consecutive IDOs on RedKite and NFTb on 17th December, which allows the early-stage users to purchase LBL tokens during the public sale. Benefits Of The Bridge One pain point for users who transact on the Ethereum blockchain has been the high fees associated with its activities. The blockchain has grown to become the home of DeFi and as such has seen increased network activity. Users are increasingly finding themselves putting off small transactions and moving assets like NFTs on the blockchain due to these fees. These high transaction fees have pushed DApps on the network to seek out cheaper alternatives for their clients and the Binance Smart Chain has presented itself as the obvious choice for this migr...