Binance, which is the largest cryptocurrency exchange based on trade volume believes “Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence.” This vision of the future incited the company to create the Binance Chain used for cryptocurrency exchanges and transactions.
“We believe that continuously supporting high-quality blockchain projects is the best way to develop this industry. We will continue to improve this part, as we committed in our whitepaper,” Binance said.
The cryptocurrency exchange wants to be more than just a company by creating a community.
“Binance Chain will focus on performance, ease-of-use, and liquidity. Binance Coin (BNB) will be upgraded to exist on its own blockchain mainnet, becoming a native coin. At the same time, Binance will transition from being a company to a community,” according to the statement.
We stand here today because we believe that Blockchain technology will change the world