EP 015: Eyal Hertzog – Why Bancor A Decentralize Liquidity Network Will Change The World

Eyal Hertzog Interviewed on The Expat Money Show

Why Bancor A Decentralize Liquidity Network Will Change The World.

We are joined by Eyal Hertzog the Co-Founder of The Bancor Network a top 100 Cryptocurrency Token. In this interview, we talk in depth about not just Bancor and what it will do in the world but the future of money as a concept. We dive deep on the liquidity problems that face the landscape and why longtail products are so important.

 

Eyal Hertzog makes some interesting points about user-generated content in the case of video and now with the possibility of user-generated money. When you understand the implications of this you can really understand why Cryptocurrency is changing the world and why it is here to stay.

 

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In the case of the Bancor Network when you remove the need for counterparty and third party people or organizations and keep Cryptocurrency as decentralized as possible it is incredibly interesting and important.

 

You can learn more about the Bancor Network here:

Website: https://about.bancor.network/

Telegram: https://t.me/bancor

 

Highlights to understand about the Bancor Network

  • No Spread – Low-cost conversions thanks to a non-profit automated market maker
  • Continuous Liquidity – Convert any token at any time regardless of buyers and sellers or trade volume
  • No Counterparty Risk – Buy and sell through smart contracts, no deposits, no exchanges
  • No Registration Required – On-chain conversions directly from your web3 wallet
  • Predictable Price Slippage – The Bancor Formula incorporates transaction size and needs no order book so prices are transparent
  • Backwards Compatible – Any existing ERC20 token can integrate into the Bancor Network with no code changes or fees

 

From the Bancor Networks Website:

The Bancor Protocol is a new standard for cryptocurrencies called Smart Tokens™, which are autonomously and continuously convertible to other tokens in the network at algorithmically calculated rates.

The protocol utilizes “connector” modules, which hold balances of other ERC20 tokens within a smart contract. The Bancor Formula constantly recalculates prices to maintain balance between Smart Tokens and their connectors.

 

Benefits

The Bancor Protocol is a technical revolution allowing tokens to be converted without matching two parties with opposite wants.

The magic is in the math, with a simple formula balancing buys and sells so that every token in the network maintains a formulaic relationship to others.

The result is continuous liquidity regardless of trade volume or exchange listings.

 

Final Thoughts

I think that Bancor is a company that people should really pay attention to and I am following their progress intently. It was a pleasure to have Eyal Hertzog on The Expat Money Show, I learned a lot and I hope you will as well.

If you want to stay up to date with everything we do here at The Expat Money Show make sure you are signed up to our Newsletter below, some of my best stuff comes out by email and I don’t want you to miss out!

 

Always Remember, Endeavour To Greatness

Mikkel Thorup

 

 

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About The Host, Mikkel Thorup

Mikkel Thorup; the host of The Expat Money Show, has spent nearly 20 years in continual travel around the world, visiting nearly 100 countries including Colombia, North Korea, Zimbabwe and Iran.

His goal now is to help Expats just like you to generate additional streams of income, eliminate your tax bill, and take advantage of offshore structures so you can travel the world freely and never have to worry about money again.


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9 Comments

  1. eebest8 best on 03/27/2018 at 9:01 AM

    Greetings! Very useful advice in this particular post! It is the little changes that produce the largest changes. Many thanks for sharing!

    • Mikkel Thorup on 03/30/2018 at 5:34 PM

      Glad you enjoyed the interview, let me know if you have any questions

  2. […] currencies, I encourage you to listen closely to this episode as well as the amazing episode with Eyal Hertzog from Bancor where we really explore liquidity. These two episodes should give you a nice view of […]

  3. Villa in Goa on 04/17/2018 at 7:45 AM

    Enjoyed every bit of your blog article.Thanks Again. Awesome.

  4. Stephen on 05/08/2018 at 8:29 PM

    Hi there! Do you use Twitter? I’d like to follow you if
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    • Mikkel Thorup on 05/11/2018 at 9:28 PM

      Hey Stephen you can follow me on twitter at @ThorupMikkel
      Keep killing it my friend

  5. Elsa on 05/20/2018 at 8:39 PM

    Ahaa, its good dialogue in this episode, love the conversation. Thank you!

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