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New Binance CEO AMA Touches on Bitcoin ETF, Ripple/XRP, Binance Chain and Blockchain’s Future

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A few hours back, Binance CEO ‘Changpeng Zhao’ conducted an all-new AMA-type session on Periscope during which he answered a host of questions related to:

A Closer Look at the Matter

Starting off the Q&A event, CZ mentioned that there would be a total of 11 operational nodes that would be made available for use with the Binance Chain testnet. Additionally, he also mentioned that the number of validators within the network would be small— so as to keep the platform’s performance at optimal levels.

Following this, Zhao was questioned about his decision to use Cosmos as the base framework for his upcoming project. On the matter, he was quoted as saying:

“They had a solid product. The Cosmos architecture was closest to what we wanted… We took Tendermint and made a fork of it. We didn’t use the standard SDK. We forked it and chopped a lot of things out. So, in the Binance Chan, there are no smart contracts. We just have an interface for you to issue a token, and then you can trade it. Binance Chain is a very simple in terms of application, but it can handle very large loads.”

Other Key Points Worth Bearing in Mind:

  • Only a select few partners will be granted early access to the Binance DEX platform.
  • While the listing fees on Binance DEX will be adjustable over time, the initial amount that projects will have to pay will be somewhere close to the $100K mark.
  • The popular Ledger Nano S wallet will provide full integration support for ‘Binance Chain’.

CZ Speaks About Decentralization

On the subject of decentralization, Changpeng said that while most people viewed the issue as being ‘black or white’, the matter was much more complex. Further elaborating on his stance, he went on to add:

“There’s a degree of decentralization you can achieve. Some blockchains are more decentralized, some blockchains are more centralized. Any blockchain that has a clear development leader or team, they are more or less centralized in some way. So, Binance Chain is a going to be a little more centralized initially in that way.”

Another subject that CZ broached during his recent Periscope chat was that of Bitcoin ETFs and whether or not they would ever see the light of day. On the issue, he stated that as and when such an offering would be made available to the masses, a lot of new investors would flock to this burgeoning industry.

Last but not least, he also added that Binance was looking to partner with Ripple and make use of its xRapid protocol in the near future.

“There’s nothing going on right now, but in the coming few months, we definitely want to add them as a partner.”

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Binance’s decentralized exchange [DEX] all set to trade ChangeNOW’s latest token

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ChangeNOW is in the news again after it announced its decision to trade NOW token on Binance’s Decentralized Exchange [DEX] blockchain. The planned migration was made public on April 22, 2019, via an official blog post, which was followed by an “It’s official!” tweet from the company, moments later.

The leading instant cryptocurrency exchange platform decided to relist NOW token on the Binance Mainnet, from Ethereum blockchain, following the lead of several other tokens, including Binance’s own BNB. This sudden shift in platforms is speculated to be fueled by the crypto ecosystem’s demand for listing coins onto the new exchange.

The reason behind DEX’s inception was Binance’s efforts to validate and catalyze the influx of decentralized exchanges within the crypto-community. Binance’s CEO, Changpeng Zhao, echoed a similar thought through one of Binance’s blog posts,“We believe decentralized exchanges bring new hope and new possibilities, offering a trustless and transparent financial system.”

In the article, Zhao also shared his vision to “bring a new level of freedom” to the crypto-community.

At the moment, ChangeNOW plans to move half of the NOW tokens [100 million] to the Binance chain, while still circulating the other half on Ethereum’s blockchain. However, NOW token can only be received by users by participating in ChangeNOW’s airdrop campaign, which is planned to be on private sale for professional investment funds only. While the company claims to allow 1:1 rate swapping through NOW Swaps, the holders will be free to trade them on any exchange of their choice.

NOW tokens will be open for trade once the network’s release date is confirmed by the Binance team. Once Binance Mainnet becomes active, it will not only allow new tokens to gain market share, but will also enable decentralization of other exchanges in the future.

Source:ambcrypto

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Binance

Binance’s decentralized exchange [DEX] all set to trade ChangeNOW’s latest token

Published

on

ChangeNOW is in the news again after it announced its decision to trade NOW token on Binance’s Decentralized Exchange [DEX] blockchain. The planned migration was made public on April 22, 2019, via an official blog post, which was followed by an “It’s official!” tweet from the company, moments later.

The leading instant cryptocurrency exchange platform decided to relist NOW token on the Binance Mainnet, from Ethereum blockchain, following the lead of several other tokens, including Binance’s own BNB. This sudden shift in platforms is speculated to be fueled by the crypto ecosystem’s demand for listing coins onto the new exchange.

The reason behind DEX’s inception was Binance’s efforts to validate and catalyze the influx of decentralized exchanges within the crypto-community. Binance’s CEO, Changpeng Zhao, echoed a similar thought through one of Binance’s blog posts,

“We believe decentralized exchanges bring new hope and new possibilities, offering a trustless and transparent financial system.”

In the article, Zhao also shared his vision to “bring a new level of freedom” to the crypto-community.

At the moment, ChangeNOW plans to move half of the NOW tokens [100 million] to the Binance chain, while still circulating the other half on Ethereum’s blockchain. However, NOW token can only be received by users by participating in ChangeNOW’s airdrop campaign, which is planned to be on private sale for professional investment funds only. While the company claims to allow 1:1 rate swapping through NOW Swaps, the holders will be free to trade them on any exchange of their choice.

NOW tokens will be open for trade once the network’s release date is confirmed by the Binance team. Once Binance Mainnet becomes active, it will not only allow new tokens to gain market share, but will also enable decentralization of other exchanges in the future.

Source:ambcrypto

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Binance

Massive support awaits Binance Chain as Ledger Nano S pledges support

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  • Ledger Nano S to provide security support for Binance DEX users.
  • BNB tokens migration from ERC-20 to BEP-2 tokens has begun.

Following the groundbreaking launch of Binance DEX on April 23, Ledger Nano S has announced its support for Binance Chain. Binance exchange has launched two huge projects, Binance protocol and Binance decentralized exchange within a span of a few weeks.

According to the official announcement by Ledger Nano S, users will be able to trade their coins free while their private keys stored offline.

“With Binance’s Decentralized Exchange now live, we are happy to be able to provide Ledger’s security support,” said Eric Larchevêque, CEO of Ledger.

Binance has also begun the migration of its BNB tokens from Ethereumplatform to Binance Chain to become BEP-2 tokens.

Read more:

Binance DEX goes live ushering in a new era of decentralized exchanges

 

 

source:fxstreet

 

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