Binance announced a decentralized exchange Binance chain a few hours back, and well BNB blew up around 30% just like that!
This is surely a good new, a decentralized exchange from a trusted team, and the very benifit of not being hacked as everything remains on the Blockchain, the very own Blockchain that Binance is working on, Binance Chain!
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.
Not much is released about this project yet but you can check out the official announcement, link given below.
Article: https://support.binance.com/hc/en-us/articles/360001668872
Twitter:
https://twitter.com/binance_2017/status/973550991546044417
- binance_2017
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