Binance launches a new blockchain technology of its own and an upgrade to its crypto token
|- Binance launches their own blockchain technology in an effort to beat hackers.
- The exchange will also be upgrading its own token BNB.
The world’s largest cryptocurrency exchange is launching some big updates for their systems. An update coming via Binance statement they released, there will be a new blockchain platform, this will be known as Binance Chain, ultimately will be utilized to enhance performance and liquidity provided. A public blockchain focused on transactions and trades of different blockchain assets.
Out of the company statement, “As a public blockchain, Binance Chain will mainly focus on the transfer and trading of blockchain assets, as well as provide new possibilities for future flow of blockchain assets. Binance Chain will focus on performance, ease-of-use, and liquidity.”
Binance also upgraded its own token BNB, this will be integrated into its new blockchain technology. Now BNB is a ER20 token, this currently runs on the Ethereum network.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.