Binance launches ‘Binance X’, aims at building open-source crypto software


  • The exchange will be funding more than 40 developers conducting research.
  • Binance X is also rolling out educational initiatives for developers and the public.

Crypto-exchange giants, Binance, launched BInance X to extend its research in open-source blockchain development. They will be funding more than 40 developers researching open-source crypto software. Binance X also hopes to assist “evangelists” to promote education around the space by providing resources to projects in various stages of development. 

Binance X offers a fellowship program that is aimed at research and development of open-source blockchain software. The exchange has not yet disclosed any information on how much funds it will provide for the 40 project leads that have already signed on as Binance X fellows. Applications are accepted on a rolling basis.

The platform is created to serve cryptocurrency-focused counterpart to X Development, the research, and development subsidiary of Google parent company Alphabet. Binance X will also begin educational initiatives for developers and the public. Reportedly, the evangelists sponsored by Binance X will recruit and educate individuals by hosting workshops and reading groups at colleges and similar locale.

Teck Chia, head of Binance X, said: 

“The Binance X team will help educate, create opportunities for collaborations and jumpstart growth of these projects via the different programs and resources we have at Binance.” 

By leveraging the existing ecosystem – including Binance Chain, Binance.com APIs, Trust Wallet SDKs and the Binance Charity donation platform – Binance X will aid educational advancement at every level “from noobs to seasoned developers.”

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.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Ethereum price moves out of no-trade zone but faces massive supply barrier ahead

ETH/USD has settled above $600 and extended the recovery towards $611 on Thursday after a period of range-bound trading. The second-largest digital asset has hit the intraday high at $615 and gained over 2% in the past 24 hours. On a week-to-week basis, the coin has gained over 18%.

More Ethereum News

XLM to regain lost ground, technicals show 7% move in sight

Stellar (XLM) hit the all-time high at $0.2337 on November 25 amid a significant bullish trend on the cryptocurrency markets and has been drifting down ever since. 

More Stellar Lumens News

XTZ may retest $2.17 before resuming a recovery to $3

Tezos (XTZ) is the 19th digital asset with a current market capitalization of $1.8 billion and an average daily trading volume of $177 million. The native token of the blockchain platform based on smart contracts technology bottomed at $1.78 on November 4 and has been gaining ground steadily ever since.

More Tezos News

Yearn Finance building a DeFi empire to replace traditional banks

Yearn.Finance is a DeFi project with the most expensive native token in the industry. At the time of writing, one YFI could cost you more than $29,000, which is still relatively cheap compared to its all-time high reached $44,00 on September 12.

More Yearn.finance News

BEST CRYPTO BROKERS/EXCHANGES




Gold Weekly Forecast: XAU/USD tumbles to multi-month lows on risk flows, technical selloff

Bitcoin has lived through a roller-coaster week. The pioneer digital currency hit another multi-year high of $19,500 and got really close to the all-time high on Wednesday. 

Read the weekly forecast

BTC

ETH

XRP