• Komodo has established a non-custodial cross-chain bridge between Ethereum and the Binance Smart Chain

  • Komodo, a provider of open source blockchain solutions, has released a new version of AtomicDEX, a non-custodial multi-coin wallet and atomic swap-powered DEX rolled into one app that includes the industry’s first non-custodial, AMM-free 1:1 bridge.

    Komodo provides developers and businesses with all-in-one blockchain solutions. The company collaborates closely with businesses that want to launch branded decentralized exchanges, cross-protocol financial applications, and independent blockchains.

    According to a press release, AtomicDEX v0.5 allows both traders and holders to move assets between blockchains with 100 percent confidence directly from their non-custodial wallets. It includes a non-custodial bridge that allows traders to access multiple blockchains, cross-chain interoperability, and the Simple Trading View tool, which reduces the possibility of slippage when trading.

    “Our cross-chain bridge enhances the crypto experience for both HODLers and traders,” said Komodo CTO Kadan Stadelmann. “It allows you to move assets seamlessly between blockchains at any time, all while maintaining complete control over your funds.”

    AtomicDEX v0.5 eliminates the use of a mint/burn function for wrapped tokens, as used by other cross-chain bridges, and enables cross-chain and cross-protocol transfer of native assets that already exist on their respective networks. This is especially useful for users who want to transfer assets between Ethereum and Binance Smart Chain (both protocols supported by AtomicDEX) in order to begin using DeFi applications designed for those ecosystems.

    “As a result of our team’s efforts, atomic swap technology is far more mature than it was even a year ago,” Stadelmann said. “Now that we have a solid foundation in place, we can begin to realize the true potential of atomic swaps. New partnerships, increased liquidity, and real-world adoption from individuals and businesses are all building momentum for future growth.”

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