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20/04/19 07:33 UTC-4

Binance Chain is a new home for digital assets

Binance Chain – a new home for digital assets
Binance Chain – a new home for digital assets

Platform developers planned to create their own 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
since the creation of Binance. Working diligently in close collaboration with the community on every detail of the project, Binance created the blockchain, which is intended to be a new home for many digital assets.

Full network access and BNB exchange will be launched on 2019/04/23 2:00 AM (UTC).

 

Change tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details
in the network

Since the largest exchange changes the core network of its Binance Coin (BNB) token, there will be some changes in the functioning of the asset.

Interesting in the section: Financial geography. How to live for cryptocurrency in Argentina

Moving away from its current ERC20 standard, BNB will soon begin the transition to its new and own chain of BEP2 blocks. BEP2 proposal, a general set of rules for managing tokens in the Binance-chain, which will allow to issue tokens, which can also be linked to any other cryptocurrency. It will include classic functions provided by other protocols, as well as freezing or transferring tokens, according to the public repository of the token standard.

The launch of the new Binance Chain platform will be a new home for digital assets. The exchange is also considering launching its Fiat-crypto platform in Singapore next week. The CEO Changpen Zhao, voiced this idea at the beginning of the month, saying that the launch will take place in April.

Editor: Yuliya Soroka

See also: "#blockchainforgood in Estonia: President of the country spoke about the era of digital money"

#BinanceChain #Binance #cryptocurrency #exchange #blockchain

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