Ethereum as a blockchain has been one of the most popular and top-notch platforms, but it has congestion issues and high gas fees have caused a gradual shift away from the network. Not only KokoSwap, a number of projects are seeking alternatives to the Ethereum blockchain owing to its slow transaction speed and high charges.
Sohail Merchant, CEO and Founder, PocketBits said that this is a protocol upgrade of KokoSwap from the Ethereum chain (ERC20) to Binance Smart Chain (BSC).
The Balance Smart Chain was launched in 2020.
The KokoSwap platform is a decentralised platform that combines the practices of NFT trading, NFT gaming and crypto trading to create a decentralised and enriching environment.