Binance Smart Chain
Binance recently released their White Paper on their new project called Binance SmartChain. Binance is probably the biggest cryptocurrency exchange in the world and has its own blockchain on which it runs the exchange. It recently released this new project called Binance Smart Chain, which is separate blockchain running in parallel with Binance Chain. A newer, modern blockchain with high transaction speeds, and it has several traits including it will host smart contracts and have cross blockchain swaps via a common currency BNB. This blockchain is carefully designed to be compatible with all the applications running on the Ethereum blockchain. This feature along with the set-up with smart contracts would allow decentralized applications on the Ethereum blockchain to migrate to this blockchain with no modification of their code.
While some may see this new blockchain with smart contracts and built-in blockchain compatibility as a direct competitor to the Ethereum blockchain, Binance Press Releases have some far only described it as an addition to the ecosystem, designed to work with the Ethereum blockchain.
This development, the first in the history of cryptocurrency of a high profile blockchain providing a faster alternative to Ethereum. I think many opportunities are presented by this development and I will be watching it closely.
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sounds interesting to me
I see binance growing very rapidly, from IEO projects to binance dex, and others, this would be awesome!, and good information sir
Binance trading volume reaches an all-time high
Changpeng Zhao has announced that Binance, the world's largest crypto exchange, has reached $ 11 billion in trading volume over the past 24 hours. This number is absolutely high for exchange. According to the post of Czechoslovakia, the last time the stock market approached $ 11 billion was in early 2018. Today it reached a new record in terms of trading volume.
bitcoin to moon
That’s amazing volume.
!ENGAGE50
The problem is not an opportunity but a copycat... I predict this will not shake the dominance of Ethereum with the planned upgrade of 2.0 this year.
I think you are right. Ethereum will remain dominant, but their future dominance will depend on the ability of 2.0 to fix the current issues. Those traders who lost all of their ETH instead of 50-60% still need help and transactions per second needs to increase.
!ENGAGE50