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The Binance exchange launches the Binance Chain blockchain network, the record number of DApps Ethereum transactions, the WeChat messenger blocks the accounts of off-exchange users.
One of the largest stock exchanges trading cryptocurrency assets, Binance has finally held a demo showing its own blockchain network. Binance Chain is a decentralized ecosystem designed for trading and blockchain-based asset operations to improve performance, ease of use and increase liquidity.
Officially, Binance Chain was launched in April, with the transition of Binance Coin from the Ethereum blockchain to its own exchange standard (from ERC20 to BEP2). According to Binance CEO Changpen Zhao, the new blockchain network should not be taken as a replacement for Ethereum. The main objective of the Binance Chain is to launch DEX to process more transactions.
Why Binance need new crypto trading platform?
According to the latest research conducted by Diar, the number of DApps transactions on the Ethereum blockchain technology has reached record levels in the past few months. The volume of transactions of the decentralized offers, and accordingly, the figures in dollar equivalent, grow for the fourth month in a row, rising to the peak of more than 750,000 ETH.
The main tool for developing DApps on Ethereum is Truffle - a framework for creating AST interpreters. Interestingly, a few days ago the same company Diar noted an increase in transactions on the Bitcoin blockchain. These and many other indicators give hope that the cryptocurrency market will gradually leave the bearish trend and move to a more optimistic - bullish one.
WeChat - one of the largest Chinese instant messengers has developed new rules for making payments. According to these conditions, account holders who are intended for trading cannot conduct operations with cryptocurrencies, issue tokens and attract investments for this. In case of violation, the account will be blocked.
The accounts of large over-the-counter sites are primarily at risk, since their owners deal with their details mainly in WeChat. This may adversely affect the liquidity of digital assets. For what reason vsebirzheviki fall under prosecution, it is not known. One thing is clear - the new rules motivate people to more actively use cryptocurrencies, which means that other accounts will be created to bypass the system.