Binance Chain: What is the New Development of Binance Crypto Exchange?

ยท 13 Mar 2018 in Crypto News, Home
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

Binance is one of the most important cryptocurrency platforms in the market. It was launched some months ago and now it is one of the best performing cryptocurrency exchanges in the world.  According to coinmarketcap, Binance is the first exchange by trading volume, managing almost $1.5 billion dollars in the last 24 hours.

Binance Chain

But Binance and its expansion is still in progress. Some hours ago, Binance has officially announced the development of the Binance Chain. But, what is Binance Chain? It is a public blockchain that will be focused on transfers and trades of different blockchain assets.

Binance Logo
Binance Logo

The company explains the development as follows:

“As a public blockchain, Binance Chain will mainly focus on the transfer and trading of blockchain assets, as well as provide new possibilities for future flow of blockchain assets. Binance Chain will focus on performance, ease-of-use, and liquidity.”

For those who have been following the markets in the last hours, Binance Coin (BNB) is now, by far, the biggest gainer in the last 24 hours with an increase of almost 30%. Not to mention that today, only 8 cryptocurrencies are operating in the green zone. At the moment, Binance Coin, is being traded at $10.57 and has reached $1 billion dollars’ market capitalization. It is now the 24th most important cryptocurrency by market cap.

Binance Coin is also receiving an upgrade. It will exist on its own blockchain mainnet, and will become a native coin.

“We know how hard it is to create a business, however, creating history is even harder,” reads the article released by Binance. “We need to continuously improve and disrupt ourselves. We need to work together to create a better version of ourselves. The future belongs to the new us, together,” finishes the statement.

Binance and its founder, Changpeng Zhao, have been working very hard to develop a great product, and this is what they are doing. The transformation is still in process but the results have already been shown.

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