Review on Bancor Network by Julius Jegede

Bancor can be a localized currency network designed to generate liquidity for its related micro-capitalized small coins and generate revenue for liquidity providers. Bancor uses 2 tiers of tokens to contribute to its liquidity and functional pool: BNT and ETHBNT. Bancor and its competitor Uniswap are leading a new wave of decentralized financial systems. To learn about Bancorin’s actions through the Bancor website, it can be said that “Bancor is a network liquidity protocol that enables automatic and decentralized transactions between Ethereum and blockchain.” 2 The protocol was developed by Israel’s Eyal in 2017 Developed by Herzog, Galia Benartzi and Guy Benartzi ab initio. Its white paper (dated March 18, 2018) states that Bancor “can automatically determine the relevant value, which is called the autonomous liquidity mechanism of tokens on the good