is one of many contributors to the project BNB Chain is a community-driven development project with developers from all over the world.īinance is a blockchain ecosystem comprised of Exchange, Labs, Launchpad, Info, Academy, Research, Trust Wallet and Charity.īinance Exchange is the leading global cryptocurrency exchange, with users from over 190 countries and regions. Learn how to get started on the Binance DEX testnet: īNB Chain is a blockchain software system developed by Binance and the community. To access the Binance DEX testnet, visit: Its best-in-class technology, dedicated focus on security and loyal community base have made Binance one of the industry’s favorite crypto trading platforms. Binance DEX is one step further to realizing our vision for greater freedom of money.”ī launched in July 2017 and grew to become the world’s largest cryptocurrency exchange in just six months. “We want users to have full control over their private keys, and easy access to decentralized applications, to maximize the potential and mainstream adoption of cryptocurrency. “We’re working toward decentralized accessibility to cryptocurrency,” said Viktor Radchenko, Founder of Binance’s Trust Wallet. Binance’s Trust Wallet is fully integrated with Binance DEX, as well as the Ledger Nano S, with more wallets supported over time. This solves the issues many other decentralized exchanges face with speed and power.”īinance DEX will support proven secure and decentralized software and hardware wallets. “With the core BNB Chain technology, Binance DEX can handle the same trading volume as is handling today. This is faster than other blockchains today,” said CZ, noting that Ethereum takes about 20 seconds and Bitcoin averages 10 minutes for network confirmations, with the possibility of rollbacks that do not occur on BNB Chain. “BNB Chain has near-instant transaction finality, with one-second block times. Traders will be able to issue, send and receive new tokens on the blockchain, and also propose new trading pairs to list. Matching happens within the blockchain nodes and all transactions are recorded on-chain, forming a complete, auditable ledger of activity.īNB, currently an ERC20 token, will be migrated to BNB Chain to become the native asset. A secure, native marketplace built on BNB Chain, Binance DEX allows for the exchange of digital assets that are issued and listed on the DEX. “With Binance DEX, we provide a different balance of security, freedom, and ease-of-use, where you take more responsibility and are in more control of your assets.”īNB Chain is a new blockchain and peer-to-peer distributed system developed by Binance and the community. “Binance DEX is a decentralized exchange with a decentralized network of nodes, where you hold your own private keys and manage your own wallet,” said Changpeng Zhao (CZ), CEO of Binance. Traders can now create a wallet and begin exchanging tokens on the Binance DEX testnet. Binance, the largest global cryptocurrency exchange by trading volume, released today a testnet for Binance DEX, a decentralized order-matching engine powered by BNB Chain technology.
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