Industry News

The Crypto Money Exchange Binance Launches Its Block Chain - Could It Be The New Ethereum?

With the world's largest crypto-currency volume, Binance launches its own block chain in early 2019.

According to Binance's new shipment, the Binance will carry its own Binance Koin from its Ethereum network to its own block chain - the Binance chain. Binance said

“The details of Binance Coin's transition from the ERC20 token to the local Binance Chain will be announced soon.“

Binance said the new block chain would allow millions of entrepreneurs and developers around the world to extract tokens from the world.

#Binan by is pushing In the coming months, we will have the issue. @cz_binan by @forbesasi to the #forbesblockcha pic.twitter.com/0pc0r1lxd2

- Binance (@binance) December 4, 2018

Binance, the new block chain in the coming period will support the decentralized stock exchange Binance DEX, he said. As the Binance Chain will do more than on the market, the new block chain can be designed as a fully-equipped intelligent contract platform such as Ethereum.

I Etherea developers have agreed on a start date for the system-wide upgrade to address scalability and other critical issues. the building of Its CEO, Changpeng Zhao, believes that Ethereum, as well as many other important obstacles supporting intelligent contracts, will overcome obstacles.

According to Fortune, in an August meeting with Zhao,

”This criticism has been a long time in Ethereum, while CZ says that any block chain designed for general smart contracts (as in existing competitors) will not be fast enough.“

Zhao gives some indications of how some developing distributors see the world: As a future with a u book made with many orders tek instead of a single large computing platform like Ethereum.

By building its own block chain, Binance will expand its venture capital, Arm Binance Labs, the Education platform Binance Academy and the worldwide crypto money exchange ecosystem. It aims to fulfill its mission of creating a decentralized financial system.

Binance DEX

Binance will be installed in DEX again in early 2019. The company has released a new video demonstrating DEX, which offers users the option to opt out of private keys for a 24-word mnemonic statement. DEX also includes a işlem block chain navigator ”where users can search for individual blocks, operations, addresses, or order IDs.

The interface, similar to the original Binance stock exchange, is a tab to show users account balances. It also includes a bir user icon sim containing the address of a user's wallet.

Binance says they are completely focused on security and decentralization.

Ebil User funds in DEX are a system where only users have private keys on their device and only users can access their own funds. It will be secured by decentralized wallet applications like Trust Wallet with a server-free infrastructure. Sunucu

Binance will be the only option for decentralized exchanges such as DEX, NEO, Huobi, BitBay and more, and will create competition.

Source: The Daily Hodl

Related Topics:the building of binance dex Coin News cryptowallet heading

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph

Blockchain News

Visa Launches Global Cross-Border Payment Network for Some Aspects of Blockchain

Visa, Blockchain'in Bazı Yönlerine Yönelik Global Sınır Ötesi Ağı Başlattı

Visa, the US payment giant, has launched a cross-border payment network derived from some aspects of Blockchain technology.

“Visa B2B Connect” The network is designed to facilitate international exchanges by global financial institutions, enabling direct interbank payments between businesses.

Visa's Global Cross-Border Payment Network

According to the report, the network already includes 30 trade channels worldwide to enable faster and cheaper cross-border payments and is expected to expand to 90 markets by the end of 2019.

Visa B2B Connect includes elements of the open source distributed accounting technology (DLT) Hyperledger, which was developed in part by a group led by the Linux Foundation. blockchain technology.

Kevin Phalen, managing director of Visa Business Solutions, reported in particular that some aspects of blockchain technology are used because of the ability to transfer more data on a payment than any existing payment system.

The network is a collaboration with e-payment operator Bottomline Technologies and fintech, FIS, as well as collaboration with the world-class IBM. It was reported that Visa initially worked with a cryptographic notebook systems manufacturer to improve the product.

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Source: Cointelegraph