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December 4, 2018 at 19:42
| updated:
5 December 2018 at 06: 46 & nbspUTC
One of the most important cryptocurrant exchanges, Binance, which is also the market leader in terms of overall trading volumes, should soon start its own blockchain. His new blockchain network will be known as "Binance Chain". According to a recent tweet, the cryptic world can expect it soon, but no date has been specifically mentioned. The tweet, which was published on December 4, 2018, said only that the chain will be launched in the "coming months". The blockchain network, which will have its roots in the experience of Binance in fintech, will also serve as a priority for the new cryptocurrencies. It will also be used to launch ICO (Initial Coin Offerings) tokens of various types.
The company's tweet read:
"Binance is pushing for the adoption of blockchain and is doing a lot of things to help the industry progress, for example, we will have the Binance chain ready in the coming months, on which millions of projects can easily issue tokens".
Recently we reported how Binance's CEO was optimistic about the adoption of the encryption in 2019 and that Changpeng Zhao had referred to some new plans that had been put together for expansion. Clearly, the new Binance chain is one of the tricks that Zhao seemed to have hidden in his sleeve. A few days earlier, it also came to light that Binance had announced their plans with the blockchain expansion in a recent private event in Singapore. In the event, organized by Forbes Asia, Zhao had apparently contributed to the section entitled "Deciphering Blockchain for Business" and further elaborated on its expectations on the increase in encryption.
Clearly, Binance has his hands full of plans and new projects. Recently, it has also opened a fiat encryption conversion facility in Uganda, so that citizens can now exchange Bitcoin or Ethereum with their national Ugandan shilling (UGX) currency easily and effectively.
Rushali Shome
Rushali Shome is a history student with a keen interest in word games, politics and beyond. When you do not type furiously in the "Notes" section of your phone, it can be found by trying to capture the servers' attention in restaurants or weddings for a second help.
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