Bitcoin Forum
October 31, 2024, 02:34:08 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Crypto Trading Giant Binance to Launch Decentralized Exchange and Public Blockch  (Read 146 times)
JanneLee (OP)
Copper Member
Newbie
*
Offline Offline

Activity: 152
Merit: 0


View Profile
March 13, 2018, 10:43:24 PM
 #1

Cryptocurrency exchange giant Binance announced Tuesday that it will launch its own “tailored blockchain” in an apparent first step toward building a decentralized exchange (DEX).

The Hong Kong-based company — which regularly ranks as a top-three cryptocurrency exchange as measured by daily trading volume — made the announcement in a blog post, explaining that Binance Chain will “mainly focus on the transfer and trading of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets.”
surfinonmyownwavebaby
Full Member
***
Offline Offline

Activity: 252
Merit: 104


Decentralized Ecosystem for User-Generated Content


View Profile
March 13, 2018, 11:15:21 PM
 #2

Oh my god, are you serious right now? That is gigantic news! Here I was fearing for the worst in 2018 in regards to prohibition and regulation of this space, and here we have the top exchange innovating already. I love that they are ahead of the law makers in that regard, and man are they ever going to keep the market share now. I am so happy and giddy right now that I could tear up!

   R E O S         [   A BLOCKCHAIN-BASED ECOSYSTEM FOR USER-GENERATED CONTENT   ]     JOIN NOW!
Introducing REOSchain™   |  The blockchain that digs out the true value of social media content

WHITEPAPER                    TELEGRAM                     TWITTER                     LINKEDIN                     GITHUB
mobnepal
Legendary
*
Offline Offline

Activity: 1218
Merit: 1006


View Profile
March 13, 2018, 11:34:54 PM
 #3

Price of binance coin was already surged after this announcement but actually they haven't uploaded any roadmap on this. They have just announced they will start their own public blockchain but haven't gave any ETA for this so this transition might take more than a year.

Setting up new decentralized exchange on top of new blockchain is time consuming so if they already haven't developed a framework on this than don't expect this decentralized exchange to come before next year.
richardsNY
Legendary
*
Offline Offline

Activity: 1232
Merit: 1091


View Profile
March 13, 2018, 11:41:44 PM
 #4

Oh my god, are you serious right now? That is gigantic news! Here I was fearing for the worst in 2018 in regards to prohibition and regulation of this space, and here we have the top exchange innovating already. I love that they are ahead of the law makers in that regard, and man are they ever going to keep the market share now. I am so happy and giddy right now that I could tear up!

It's a pretty decent development, mainly for Binance itself, but it's not something groundbreaking. If you have been looking a bit further, you would have seen that we already have some capable decentralized exchanges, and these are NOT dependent on a centralized environment such as the one Binance plans to launch. Do you seriously believe that Binance will set up something actually decentralized? It would put their main (centralized) exchange in a very bad position in the long run, especially because of the fact that with decentralized exchanges being around, centralized exchanges are largely redundant now. We need more actually decentralized initiatives, and not this nonsense....
aceptamosbitcoin
Hero Member
*****
Offline Offline

Activity: 981
Merit: 503


View Profile
March 14, 2018, 09:53:13 AM
 #5

Cryptocurrency exchange giant Binance announced Tuesday that it will launch its own “tailored blockchain” in an apparent first step toward building a decentralized exchange (DEX).

The Hong Kong-based company — which regularly ranks as a top-three cryptocurrency exchange as measured by daily trading volume — made the announcement in a blog post, explaining that Binance Chain will “mainly focus on the transfer and trading of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets.”

Yeah, they are following Bitfinex.

Eventually all big exchanges will create their own DEX's in attempt to not lose client base. This is good for us and I want to see it happen ASAP.
Mpamaegbu
Legendary
*
Offline Offline

Activity: 2870
Merit: 1233


Once a man, twice a child!


View Profile
March 14, 2018, 10:37:30 AM
 #6

The OP would do better if he put out the link to the source of this news. It helps to keep things in their proper perspective and prevent needless spamming. And as for Binance starting up a DEX while it has an already existing enviable centralized exchange will be a huge dream. I seriously doubt this.

██████████████████████
█████████████████████████
████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
████████████████████████
████████████████████████
█████████████████████████
██████████████████████
██████████████████████████████████████████
 LuckyDiamond.io  
 
██████████████████████████████████████████
█▀   
█████▄▄███████▄▄
███▄████████████▄
█████████▀██████
█████▀█▄░▄█▀██████
███████▄█▄██████████▐▌
██████████████████████▐▌
█▀▀▀▀█▀▀▀▀█▀▀▀▀██▄▐▌
▀█░█▀█░█▀█░██
░░█░░█░░██
░░░░█░░░░█░░░░██
████████████████████
███████████████████
██▀███████████████▀
 



▄█
|
 50% 
DEPOSIT
BONUS
|
 15% 
RAKEBACK
BONUS
|
VIP
CLUB
| 
  PLAY NOW  
JanneLee (OP)
Copper Member
Newbie
*
Offline Offline

Activity: 152
Merit: 0


View Profile
March 15, 2018, 02:14:58 AM
 #7

Oh my god, are you serious right now? That is gigantic news! Here I was fearing for the worst in 2018 in regards to prohibition and regulation of this space, and here we have the top exchange innovating already. I love that they are ahead of the law makers in that regard, and man are they ever going to keep the market share now. I am so happy and giddy right now that I could tear up!
I'm not joking. This is the truth.
JanneLee (OP)
Copper Member
Newbie
*
Offline Offline

Activity: 152
Merit: 0


View Profile
March 15, 2018, 02:23:10 AM
 #8

Price of binance coin was already surged after this announcement but actually they haven't uploaded any roadmap on this. They have just announced they will start their own public blockchain but haven't gave any ETA for this so this transition might take more than a year.

Setting up new decentralized exchange on top of new blockchain is time consuming so if they already haven't developed a framework on this than don't expect this decentralized exchange to come before next year.
It is not yet clear how Binance’s DEX will operate, although it appears that it will exist alongside the company’s centralized exchange for the foreseeable future.
Scallywag
Full Member
***
Offline Offline

Activity: 249
Merit: 100


View Profile
March 15, 2018, 03:27:03 AM
 #9

This is good news , this also means they also believe the future is in decentralized exchanges. Good for them that they are adapting in time , most centralized exchanges will be obsolete in a couple of years.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!