The largest cryptocurrency exchange Binance has presented a demo version of its own blockchain platform, Binance Chain, which will allow users to issue their own tokens, place them on a decentralized exchange and conduct decentralized trade in digital assets.
Binance CEO Changpeng Zhao, better known as CZ, announced the project on the YouTube channel of the exchange and showed the work of Binance Chain in pre-alpha demo mode. Earlier it was assumed that the presentation of the demo version of the project will take place in October, but the developers are noticeably ahead of schedule.
Binance Chain allows you to issue tokens, independently conduct their listing on a decentralized trading platform, and also trade them in exchange for other tokens and cryptocurrencies.
The demo video shows the process of programming / creating a token, its placement on the site and the installation of the initial course. The video ends with the following words of CZ:
“WE HAVE MUCH MORE WORK TO PREVENT THE PRE-ALPHA VERSION TO THE END AND FRIENDLY FROM THE POINT USE OF THE PRODUCT. OUR TEAM IS INTENSIVE AND CONSTANTLY WORKING ON THE CREATION OF BINANCE CHAIN “.
Recall last week Binance purchased the Trust Wallet, which was the first purchase of the exchange.
Earlier, Binance announced its participation in the creation of the world’s first decentralized bank, Founders Bank, which will open in Malta, known for its regulatory norms that are friendly to cryptocurrencies. Cryptocurrency exchange Binance has already acquired a 5% stake in the bank.
It is believed that decentralized exchanges are safer than centralized exchanges. However, recently, this idea has been hit with a blow – last month the Bancor platform was hacked, positioning itself as a decentralized exchange. Right after the exit from beta testing, a successful phishing attack was attacked by Waves DEX.