Home / Ethereum / Why does Binance leave the Ethereum network? – BTC wires

Why does Binance leave the Ethereum network? – BTC wires

Of& nbspSumedha Bose

Binance, one of the leading and most reliable cryptocurrant exchanges on the market, is finally launching its Mainnetin 2019.

On December 4, we reported that Binance was not looking forward to launching its own blockchain. We are gradually approaching the launch date of the Binance Mainnet. The new network will be referred to as & # 39; Binance Chain & # 39 ;. The company tweeted:

"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".

You may also like to read: Beginners Guide to the Binance Coin

This means that Binance will withdraw the Ethereum network (ERC20).

Why is Binance taking this brave step?

It seems that Binance wants to add more functionality to Binance.com and Binance (BNB) Chain testnet that is not currently available on the Ethereum network.

You can also read: Against and pros of the Binance currency

The exchange has ambitious plans such as "a high performance native DEX and a 1 second transaction confirmation time", as outlined by CEO Changpeng "CZ" Zhao.

He said:

"Binance built the Binance chain, with a native DEX on a chain.A version of testnet was distributed and distributed to our partners and we expect a public testnet to be available in January 2019, with the launch of the mainnet a couple of months later . "

"The Binance chain is unique in many ways, with block times of 1 second and 1 confirmation goal, we hope it will serve some niche features that other blockchains have not covered."

Binance has big projects for the year 2019 and the launch of its Blockchain network is just one of them. In addition, Binance is looking to work together with industry leaders and giants to complete, the various plans they have.

At this time, it makes sense for Binance to consider a separate blockchain for itself, especially because it is much more profitable for them to have control over their blockchain network.

Sumedha Bose

Sumedha uses words like her crutch to get by in life. He takes a keen interest in discussing, dancing and destroying patriarchy in his spare time. You can be contacted at [email protected].

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