BINANCE Exchange Has Just Announced BINANCE CHAIN: They Continue to Evolve & Serve the Crypto-Sphere. Will They Use GRAPHENE as the Backbone

in #crypto-news6 years ago (edited)


Binance has taken the crypto world by storm the last few months,.

-- they are NOT Decentralized but they continue to push out tons of coins for support, ideas and projects.

#STEEM and #Bitshares runs on Graphene tech, and so will #EOS --- it was invented by @dan / @dantheman - aka Dan Larimer as the fastest blockchain tech available which can handle nearly infinite transactions per second, needed for things like a top exchange and their volume - like Binance.

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They have had a few hiccups along the way, but always address them and make things right --- that alone is impressing a lot of people.

This statement from them below, is likely the best explanation out of their press release -- link and copy is also provided for you here.

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As a public blockchain, Binance Chain will mainly focus on the transfer and trading of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets. Binance Chain will focus on performance, ease-of-use, and liquidity. Binance Coin (BNB) will be upgraded to exist on its own blockchain mainnet, becoming a native coin. At the same time, Binance will transition from being a company to a community.


Official Press Release/Link:


https://support.binance.com/hc/en-us/articles/360001668872-Binance-Chain

Binance Chain
1 day ago

Fellow Binancians,

In the world of blockchain, we have always believed that actions speak louder than words. Thus, a tailored blockchain is the best way to communicate ourselves.

In just six short months, Binance has transformed into one of the world’s most popular cryptocurrency exchange platforms. Additionally, we completed Binance Labs (a blockchain technology incubator), Binance Info (our Codex), as well as many other components that comprise the Binance ecosystem. We believe that continuously supporting high-quality blockchain projects is the best way to develop this industry. We will continue to improve this part, as we committed in our whitepaper. However, for Binance, this is far from enough.

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. In the face of adversity, we have always elected to tackle issues head-on, instead of retreating. As such, we have decided to officially launch the development of the Binance Chain.

As a public blockchain, Binance Chain will mainly focus on the transfer and trading of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets. Binance Chain will focus on performance, ease-of-use, and liquidity. Binance Coin (BNB) will be upgraded to exist on its own blockchain mainnet, becoming a native coin. At the same time, Binance will transition from being a company to a community.

We know how hard it is to create a business, however, creating history is even harder. The real enemy is often ourselves. We need to continuously improve and disrupt ourselves. We need to work together to create a better version of ourselves. The futures belongs to the new us, together. Thank you for your unwavering support.

Thanks for your support!

-- Binance Team

-- 2018/03/13


Thanks for reading, have a nice day.


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I was just talking to a friend of mine how Binance keeps surprising us. They are trully a bright light in a tunnel. When i remember Kucoin it gives me chills. Promises on top of promises

That is well said.

If Binance comes out later and says their chain will be POS/dPOS with validators staking their BNB, the price of BNB will go parabolic. BNB might turn out to be a better investment than bitcoin!

I just mentioned to Rich below...but yes man, you are right. I think they are ahead of the game. By a long ways......

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I have used it and held it.

I kept blogging to remind people about the 70% off fees last month a few times, I wanted everyone to benefit from that.

Wow .. Excellent Post. I like your post. Thanks for sharing.

I started a Binance account right after they opened and forgot my password (I know, I know) Today it came to me like a bolt out of the blue. I'm thinking about some BNB to round out my portfolio!

I have used it and held it.

I kept blogging to remind people about the 70% off fees last month a few times, I wanted everyone to benefit from that.

It was a beaut of a time.

Keep up the good work Rich. I am happy for you man.

I think BNB is going to prove to be one of those that skyrockets in the end like BTC and Etherium. I wish I could have remembered my password last month lol!

You gotta bury that stuff out back with your silver dude

lol

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