Changpeng Zhao Fixes Date for the Public Testing of Binance Decentralized Exchange

2019-2-12 22:17

Binance, a Malta-based cryptocurrency exchange has announced February 20 as the date for the public testing of its decentralized exchange, Binance DEX, which runs on the company’s own blockchain, Binance Chain, according to a media report on February 12.

Pilot Phase of Binance DEX Set to February 20

Per the report, Changpeng  Zhao (CZ), Binance’s CEO on February 11 publicized on Twitter that a launch date has been set for the public testing of Binance Chain testnet. The set date is February 20 where the general public has been encouraged to give the platform a try.

In an Ask-me-anything (AMA) session which held on February 7, the CEO threw more light on the new platform. According to him, early access to DEX has already been granted to selected partners such as blockchain explorers, wallet developers, and basically, anyone who has a tool to integrate on DEX.

CEO Proves DEX is Decentralized

When asked to proof the true decentralized nature of DEX, CZ responded by saying that the user’s private keys do not leave their device while they transact with the blockchain. An instance of this is the ability of a hardware wallet which has been connected to the Binance Chain still retaining its private keys.

“So from that perspective, it is decentralized. You’re guaranteed to know that you’re the only one holding your private keys,” said the CEO.

The responses during the AMA session also reveal that upon its launch, Binance DEX will be compatible with operating systems (OS) such as Windows, Mac OS, Linux, iOS and Android. Depending on the OS, one can access DEX or its client user interface using a web browser.

Listing Fee on DEX Set to $100,000

In the same vein, the CEO stated that the listing fee on DEX has been set to around $100,000 even though it will be adjusted with time. CZ also noted that it has been set to be high in order to reduce spam and scam projects. Likewise, validators that are to be listed will have to be voted. 

One more question that is worthy to note, is Binance Coin (BNB), the exchange’s native currency role on Binance Chain and DEX. According to the CEO, BNB can be likened to using Ethereum coin on the Ethereum blockchain. Therefore, BNB will be used to pay for network transactions, like gas.

Reportedly, Huobi, Singapore-based virtual currency exchange in June 2018 also announced that they will be launching an open-source blockchain protocol. To that effect, 30 million Huobi Tokens (HT) worth $166 million at that time, were allocated.

The post Changpeng Zhao Fixes Date for the Public Testing of Binance Decentralized Exchange appeared first on ZyCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Binance Coin (BNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $562.5
Капитализация $0 Rank 99999
Цена в час новости $ 9.0976 (-100%)

binance exchange decentralized changpeng february zhao date

Источник: zycrypto.com

binance exchange → Результатов: 126


Binance Halts New User Registrations In The UK Starting October 16

In a significant development, Binance, the world’s largest cryptocurrency exchange, announced the suspension of access to its platform for new users in the United Kingdom.  According to a Bloomberg report, the move comes after the termination of a partnership with a third-party firm responsible for approving communications on the exchange, as mandated by the UK’s […]

2023-10-17 04:00


Фото:

Binance introduces community feedback tool in its Roadmap development

Binance, the largest cryptocurrency exchange, has launched a new tool that will allow it to gather and act on user feedback in a dynamic fashion. Besides allowing the crypto exchange in understanding what products need improvement, the new feature empowers Binance users to provide in-depth feedback on the exchange’s product improvement.

2023-2-3 18:53


How To Transfer Crypto From Binance, Coinbase to BTCC Exchange

MPORTANT WARNINGS Trying to deposit a non-supported token may result in the loss of tokens. Send a small test amount first Beware when choosing the network which you want to use for sending crypto Send coins from Binance to BTCC – Withdrawing coins from Binance Binance is the biggest exchange in the world, and it […] The post How To Transfer Crypto From Binance, Coinbase to BTCC Exchange appeared first on CaptainAltcoin.

2022-7-28 22:20


Binance Jersey Review 2022 – Beginner’s Guide to the new Fiat-Crypto Exchange

There’s not much we can say about Binance that hasn’t been said before; with hundreds of currencies on their portfolio, a native exchange token that remains resilient to bear markets, never-before hacked security measures, an OTC trading desk, an in-house built wallet, and a launchpad for up-and-coming blockchain projects, the platform is currently one of […] The post Binance Jersey Review 2022 – Beginner’s Guide to the new Fiat-Crypto Exchange appeared first on CaptainAltcoin.

2022-3-22 23:42


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Base’s DEX volume hits new high, spotlight on RebelSatoshi’s ascent: Can it outshine Shiba Inu?

Base’s decentralized exchange (DEX) volume has hit new highs. New cryptocurrency Rebel Satoshi creates waves in the market amid investor excitement around its potential. Analysts say Rebel Satoshi could be one of the best memecoins to buy; could it outperform Shiba Inu? The world of cryptocurrency continues to be something of a rollercoaster ride, with […] The post Base’s DEX volume hits new high, spotlight on RebelSatoshi’s ascent: Can it outshine Shiba Inu? appeared first on CoinJournal.

Pangolin (PNG) soars, 24-hour volume up staggering 5500%

Pangolin, a multi-chain DEX platform, has surged to multi-month highs. PNG price reached highs of $0. 31 as new team outlined comeback roadmap for the DEX Pangolin (PNG), an Avalanche decentralized exchange (DEX) platform, is experiencing a price uptick as major altcoins struggle amid Bitcoin’s battle to keep the $50,000 level.