Bancor Update: The Recent $BNT Hack, FUD, Security & The Future of Decentralization | Omri Cohen

2,170 Views · Posted 6 years ago

In this dedicated episode Omri Cohen (Bancor Head of Growth) addresses the recent FUD surrounding the Bancor hack. We also discuss security improvements, what we can expect from Bancor moving forward, as well as overall thoughts about the future of decentralization in the cryptosphere.

The Bancor protocol is a standard that allows anyone to easily create completely liquid “smart tokens” that calculate their own prices & enable a single party to convert any token to another, without requiring a second party to exchange with. Thereby enabling the long-tail of completely liquid cryptocurrencies. Smart tokens hold other tokens in reserve, and can be used as decentralized token baskets (like ETFs), token changers (like shapeshift), project & protocol tokens (like GNT & REP), community currencies, and a lot of other use cases. BNT will hold a single reserve in ETH. Other smart tokens, by using BNT as (one of) their reserve(s), connect to the Bancor network. BNT forms a monetary structure where increased demand for any of the network’s smart tokens drives up the value of the common BNT, benefiting all other smart tokens holding it in reserve.

Bancor Exchange: https://www.bancor.network

Join The “Crypto Zombies” Telegram ►► https://t.me/joinchat/E67b8w-hQrMsZebuCC6peg

????Get The Brave Browser Here ???? https://brave.com/cry542

Buy Cryptos on Huobi ►► http://Huobi.kdub.co
Buy Cryptos on Qryptos ►► http://Qryptos.kdub.co
Buy Cryptos on Bibox ►► http://Bibox.kdub.co
Buy Cryptos on Binance ►► http://Binance.kdub.co
My #1 Hardware Wallet ►► http://Ledger.kdub.co
Buy Cryptos on KuCoin ►► http://KuCoin.kdub.co

Follow me on Twitter ►► http://twitter.com/TheCryptoZombie

Join The Telegram ►► https://t.me/joinchat/E67b8w-hQrMsZebuCC6peg

DISCLAIMER: I am not a financial advisor. This is not financial advice. This is just my opinion. Always do your own research before investing. I am not responsible for your trades…

When ETF? Coinbase Pump! Crypto “MARK OF THE BEAST” | McAfee Death Threat | Nick SZABO Conspiracy
https://youtu.be/8tki7_QURfk

Watch this video again because it's awesome:
https://youtu.be/0ttJrQYezNY

#cryptozombie #cryptocurrency #blockchain #crypto #bitcoin #btc #ethereum #eth #bancor #bancorhack #fud #hack #bnt #omricohen #dex #decentralizedexchange $BTC $ETH $BNT

Video Tags

#cryptozombie, #cryptocurrency, #blockchain, #crypto, #bitcoin, #btc, #ethereum, #eth, #bancor, #bancorhack, #fud, #bancorsecuritybreach, #bnt, #omricohen, #dex, #decentralizedexchange

Posted By