Binance to launch its own blockchain platform

The CEO of the company Changpeng Zhao granted an interview to the Forbes Asia Forum, where he assured that its launch will be in a few months

The Binance company, one of the most important in terms of the exchange of cryptocurrencies, announced the launching of its own public blockchain.

This was stated by CEO Changpeng Zhao in an interview with the Forbes Asia Forum, where he spoke about the Binancechain and its release date that would be set in “a couple of months or so.”

Changpeng further explained that through this new platform users will be able to “issue tokens“. He also considered that there will be millions of cryptocurrencies and thousands of new blockchains.

This news is not surprising given that the company had previously announced that it was preparing this tool. The purpose of this platform is to help users save on the payment of commercial rates.

Another advantage of having your own blockchain is that Binance will no longer be forced to overcome the congestion problems of the ethereum platform, which was used to create the company token (BNB).

The announcement by Zhao represents a great challenge for the company, as well as a strong commitment to innovation in the cryptoactive market.

K. Tovar

Source: Coincrispy

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