GeoDB will use Binance Chain as a part of its new technical & business growth strategy.

So, what is the actual flow of rewards in the Binance Chain?

First, tokens will be transferred from GeoDB in the Ethereum Mainnet to a smart contract we call “a bridge.” Ethereum and Binance are two different blockchains; by default, they are like islands isolated from each other, and one can not know what is happening on the other side. That’s why we call them bridges.

About Binance Smart Chain

Binance Smart Chain is a sovereign smart contract blockchain delivering Ethereum Virtual Machine (EVM) compatible programmability. Designed to run in parallel with Binance Chain, Binance Smart Chain retains the former’s fast execution times and low transaction fees while adding Smart Contracts functionality to support compatible dApps.

About GeoDB

GeoDB is a decentralized peer-to-peer big data-sharing ecosystem, which returns value to its creators, the users.

Geo Data Block - The first Peer to Peer Data Sharing Ecosystem powered by Blockchain Technologies - Check our web: www.geodb.com

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