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Photo: Loom Network

Loom Integrates PlasmaChain, Wallet With Binance Chain for DApp Development Support

Loom Network, a platform-as-a-service that runs Ethereum-based Solidity applications on various blockchains, has integrated its PlasmaChain sidechain and wallet into Binance Chain.

The move is part of a broader effort to provide DApp developers an easy way of building and deploying their DApps and reaching a wider audience by tackling other blockchain networks, Loom said via Medium.

By integrating into Binance Chain, DApp developers will be allowed to mint both ERC20 or BEP2 standard tokens, enabling users to send their BEP2 tokens to PlasmaChain and convert them to ERC20.

The integration also opens up opportunities for DApps using BEP2 tokens to move their tokens to Loom and conduct smart contract processes despite Binance Chain’s inability to deal with smart contracts.

Additionally, PlasmaChain will now be open to DApp users who wish to deposit to and withdraw from Binance Chain. 

Loom noted that DApps launched on its platform will be accessible to Binance Chain users through their native wallets, as well as compatible with all BEP2 assets.

Monica Monica

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