[2018-12-05] Binance Releases 2nd Decentralized Exchange Preview After Binance

[cybersofts]

Binance Releases 2nd Decentralized Exchange Preview After Binance Chain News



The world’s largest cryptocurrency exchange Binance revealed a second preview of its forthcoming decentralized exchange (DEX) in a video Dec. 4.

Binance, which regularly tops global charts for the largest volume of cryptocurrency traded daily, released an initial sneak peak in August.

The project is part of the wider Binance Chain initiative, through which executives plan to support “millions” of crypto assets.

The latest preview included the unveiling of a fresh user interface, wallet and block explorer for DEX, developers confirming a testnet version would become available for prospective users “soon.”

Commenting on the update, Binance CEO Changpeng Zhao confirmed additional features that are set to come with the final rollout. These include a one-second block time for transactions and the ability for users to control their own funds.

Decentralized exchange platforms differ from traditional exchanges in foregoing centralized databases and storage, with users instead controlling their private keys themselves.

The often-criticized traditional model of centralized storage has resulted in multiple major thefts from users which have continued this year. In January, Japanese exchange Coincheck lost over half a billion dollars in a security breach.

On Tuesday, Binance also said that Binance’s bespoke blockchain Binance Chain could become commercially available in the “coming months.”


Reference: https://cointelegraph.com/news/binance-releases-2nd-decentralized-exchange-preview-after-binance-chain-news

[Harlot]

Hopefully they would re-hire back the employees they have laid off when they were downsizing the company due to their income dropping. But it will always depend on how DEX will be to the customers and how it will increase their income back which I highly doubt that they will gain back during this bear market season. On the recent bull run they have enormous amounts of income coming in that is why they need to hire more manpower and now the bear market is going to be a year old launching a new platform would take some time before they get their expected income back.

[carlfebz2]

Hopefully they would re-hire back the employees they have laid off when they were downsizing the company due to their income dropping. But it will always depend on how DEX will be to the customers and how it will increase their income back which I highly doubt that they will gain back during this bear market season. On the recent bull run they have enormous amounts of income coming in that is why they need to hire more manpower and now the bear market is going to be a year old launching a new platform would take some time before they get their expected income back.

Creating DEX might add up some income but it wont really comes to a point that they would able to experience the profitability compared on last years and on the 1st quarter of this year.
Re-hiring is possible but for now they might not consider such decisions to be taken. They might get some people but only few on numbers that would really just suit
out to handle new DEX.