The Binance Chain will be mainly used to transfer and trading of blockchain assets.
Hong Kong-based Binance.com is in the works to debut both its own Blockchain and an upgraded version of its cryptocurrency – this is according to its official blog.
The new blockchain platform will be called 'Binance Chain' and according to the company’s statement, it is to be based on an improved version of the emerging technology that focuses on performance, ease-of-use, and liquidity.
Binance was the world’s second-most active crypto exchange over the past 24 hours, according to Coinmarketcap.com, hosting $1.47 billion worth of cryptocurrency trades.
The Binance Chain will be used to transfer and trading of blockchain assets, eliminate administration tasks using smart contract rules and thus, speed transaction settlement.
The major crypto venue also said it will upgrade its own token Binance Coin (BNB), which launched along with the exchange last year, to exist on its public blockchain. Binance’s crypto coin, which is an ERC20 token built on Ethereum, has benefited from the exchange’s explosive success and is now listed among the top 30 Cryptocurrencies in the world by market cap.
The improved version of Binance Coin (BNB) is expected to represent the motherboard that serves the entire Binance blockchain, as well as other features that are yet to come. Among other things, BNB is currently used to pay for exchange fees and allow participants to make investments within Binance ecosystem.
With an already existing user base of several millions, the opportunities for this Blockchain and cryptocurrency seem enormous.
Binance’s statement further reads: “After extensively researching decentralized exchange frameworks and analyzing existing implementations, we believe significant improvements can be made in providing Binance users with a level of trading experience to which they are already accustomed. Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence. We stand here today because we believe that Blockchain technology will change the world.”
Hong Kong-based Binance.com is in the works to debut both its own Blockchain and an upgraded version of its cryptocurrency – this is according to its official blog.
The new blockchain platform will be called 'Binance Chain' and according to the company’s statement, it is to be based on an improved version of the emerging technology that focuses on performance, ease-of-use, and liquidity.
Binance was the world’s second-most active crypto exchange over the past 24 hours, according to Coinmarketcap.com, hosting $1.47 billion worth of cryptocurrency trades.
The Binance Chain will be used to transfer and trading of blockchain assets, eliminate administration tasks using smart contract rules and thus, speed transaction settlement.
The major crypto venue also said it will upgrade its own token Binance Coin (BNB), which launched along with the exchange last year, to exist on its public blockchain. Binance’s crypto coin, which is an ERC20 token built on Ethereum, has benefited from the exchange’s explosive success and is now listed among the top 30 Cryptocurrencies in the world by market cap.
The improved version of Binance Coin (BNB) is expected to represent the motherboard that serves the entire Binance blockchain, as well as other features that are yet to come. Among other things, BNB is currently used to pay for exchange fees and allow participants to make investments within Binance ecosystem.
With an already existing user base of several millions, the opportunities for this Blockchain and cryptocurrency seem enormous.
Binance’s statement further reads: “After extensively researching decentralized exchange frameworks and analyzing existing implementations, we believe significant improvements can be made in providing Binance users with a level of trading experience to which they are already accustomed. Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence. We stand here today because we believe that Blockchain technology will change the world.”
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!