Horizon Protocol & BSC: delivering real-world DeFi derivative products

1. Horizon Protocol & BSC: delivering real-world DeFi derivative products HorizonProtocol.com

2. Blockchain technology has more potential than even the most versed blockchain enthusiasts can even fathom. Some industries, such as real estate, have made giant strides in both the physical and virtual worlds, leveraging the potential of blockchain technology. The blockchain industry has more to offer today than it did back in 2017. In fact, it is an industry that has more pull than almost any other in the world right now. A great indicator is the exodus of talent from other tech industries into the cryptocurrency space. Horizon Protocol is a DeFi platform that aims to create tradable digital versions of real-life assets (synthetic assets) on the blockchain. Horizon is deployed on the Binance Smart Chain (BSC) because of its native properties. Horizon interacts with other blockchains to deliver on its promise - introduce real-world DeFi derivative products to the DeFi ecosystem. • • HorizonProtocol.com

3. Why is Horizon Protocol on BSC? • BSC runs on a Proof-of-Stake-Authority (PoSA) consensus algorithm. BEP20 BNB is the native token of the BSC and is used to pay for transaction fees on the blockchain. It has the same format as Ethereum's ERC20 token standard. • • The key features of BSC are compatibility with Ethereum blockchain, high-speed transactions, and lower transaction fees. • BSC’s compatibility with Ethereum made it an obvious option for developers to deploy their smart contracts and build out their apps. BSC does not suffer from the scalability problems that plague Ethereum, causing bottle-necks and astronomically high transaction fees. dApps deployed on the Ethereum blockchain can easily be configured to run on BSC. • • HorizonProtocol.com

4. Cross Chain Bridges For blockchains and blockchain products to gain the level of adoption they need to become part of daily life, they need to be more flexible and accessible. They need to communicate fluidly to interact and complete transactions without the technical barriers posed by different blockchains. Horizon Protocol has lower transaction fees, faster speeds. Horizon Protocol offers cross-chain operability to its users in a user-friendly model that employs blockchain bridges such as Tendermint, PolyNetwork, Polkadot, and Cosmos. The nature of synthetic assets also means that Horizon Protocol can provide a single-stop platform that gives users access to synthetic crypto assets and a range of real-world financial assets on the BSC with bridges to and from other blockchains as needed. HorizonProtocol.com

5. Synthetic Assets on Horizon Protocol The primary purpose of Horizon Protocol is to create real-life assets on the blockchain, thereby absorbing the derivative market into a more efficient system - the blockchain. These commodities are called synthetic assets (zAssets) on HP. zAssets have a value that is a reflection of their real-life equivalent on Horizon Exchange. Horizon protocol uses PhoenixOracle, Chainlink, and Band to link real-world financial and crypto assets with Horizon Exchange. HorizonProtocol.com

6. Conclusion With scalability, speed, and low transaction fees out of the way, the development team can focus on the utility that HP aims to provide. DeFi is for everyone, and for that to happen, everyone should be able to access it. That is why HP delivers accessibility on various blockchains too. For once, no one has to move over. HP is here to make finance better for everyone.

7. A DEFI PLATFORM FACILITATING THE CREATION OF ON-CHAIN SYNTHETIC ASSETS REPRESENTING THE REAL ECONOMY HorizonProtocol.com github.com/Horizon-Protocol twitter.com/HorizonProtocol t.me/HorizonProtocol HorizonProtocol.medium.com reddit.com/r/HorizonProtocol