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15/06/19 07:00 UTC±0

The CEO of the Binance Exchange made fun of the "stupid media"

"Stupid Media": Binance CEO made fun of the media

On June 14, the CEO of the Binance Cryptocurrency Exchange, Changpeng Zhao, on his Twitter made fun the media that called Binance DEX the blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
. Zhao’s sharp statement was provoked by Vitalik Buterin’s questions about the "DEX blockchain"

 

Director of the Binance Exchange about the DEX website

Changpeng Zhao spoke sharply about the media that called the Binance DEX platform a blockchain. A few days ago, when the news came out that Binance DEX was available to all countries (even for those subject to regulatory bans), many media outlets called DEX the Binance blockchain. In fact, Binance DEX is a website that acts as a client for the Binance blockchain.

Interesting in the section: Description of the Binance exchange platform, the algorithm for creating an account

According to Zhao, the messages sent by the media are incorrect because the binance.org (site) still blocks certain countries; DEX – no, it cannot. As stated in the Zhao report, there are many wallets that support direct DEX tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
. "Site ≠ Blockchain".

"Because of some stupid (sorry for the strong word) media, I foresee I have to explain at least another 1000 times that a website is not a blockchain, even to Vitalik Buterin. A website is a client to use the blockchain, but it is not the blockchain itself. A DEX can't be blocked." – Changpeng Zhao, Twitter.

The CEO of the Binance cryptocurrency exchange ridiculed the "stupid media". Recall that Zhao’s statement concerned the clarification of the news about universal access to the Binance DEX client platform.

Editor: Alyona Nabok

See also: "Coinbase extends debit card program to six European countries"

#ChangpengZhao #Binance #BinanceDEX #blockchain #exchange

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