In overture for decentralization, Binance names his blockchain around
In overture for decentralization, Binance names his blockchain around
- BNB, formerly Binance Coin now stands for "Build and Build" as a blockchain token for the BNB chain
- "Binance does not have the chain, it only makes a contribution in the community and will continue to do so, but the BNB chain is running completely alone," said Zhao
The Cryptocurrency Exchange Binance has renamed the blockchain that drives its platform to emphasize decentralization.
is the CEO of Binance, Changpeng Zhao said in a webinar on Tuesday that Binance Smart Cil.
"People always think of Binance Smart Chain because it carries the Bony word as something that belongs," said Zhao. "We have done a lot of work to decentralize it, and we also recognize that BNB goes beyond Binance. It is greater than Binance ... BNB is his own living, breathing ecosystem chain." When the blockchain started 18 months ago, her creators did not consider bony branding to be something that was only an experiment at the time, says Samy Karim, who is entitled BNB Chain Coordinator. "When we started, we definitely did not expect BSC, now BNB chain, to grow where it is today," said Karim. "This shows how much under -provisioned demand really existed, and this type of infrastructure has really contributed to promoting massive growth of new users in decentralized applications that did not really exist before." BNB, formerly Binance Coin now stands for "Build and Build" as a blockchain token for the BNB chain. The chain is a community-controlled, decentralized blockchain that is driven by the token and BNB Beacon consists of Chain and BNB Smart Chain (BSC), which is compatible with the Ethereum Virtual Machine (EVM). According to the BSCProject, the blocked total value (TVL) in BNB was 25 billion
Rebranding should emphasize its independence and emphasize the role of Binance less for the future, said Zhao. "BSC, now BNB, was an experimental product that we initially contributed and helped with its initial financing, but now it is community-controlled, open source and decentralized," said Zhao. "Binance does not have the chain, it only makes a contribution in the community and will continue to do so, but the BNB chain runs completely alone. It is neither operated by us nor by someone else," he added. Regardless of this, the Securities and Exchange Commission examines the relationship between the US branch of Binance and two trading companies, Sigma Chain AG and Merit Peak Ltd., who have connections to ZHAO, people who are familiar with the probe
. . The contribution in overture to decentralization, Binance Rebrand's ITS blockchain is not a financial advice.