Binance will launch a decentralized Exchange in the beginning of 2019
Home News Binance is a decentralized Exchange in early 2019 launch
Marcus Misiak –
One of the biggest crypto currency exchanges in the world, Binance, has been working for some time on the development of a decentralized exchange, on whose platform the Binance Coin, a Central function is to take. The latest Demo reveals, moreover, when DEX at the Start.
The second demo series for the Launch of the decentralized exchange of Binance shows that the crypto-trading platform should be in the first Quaral 2019 released. The new Video shows the fully functional trading interface, the account opening process and the Binance Chain, the propriätere Blockchain of the company.
As the Video shows, the Binance DEX interface to the current interface is very similar, but this contains some new features. The link external addresses to the Dashboard, create a secret question for the Private Keys, and of course the well-known balance of the account.
In the Blockchain Viewer, users of the decentralized exchange can search for blocks and transactions in a specific Block. Changpeng Zhao, CEO and founder of the stock exchange does not describes the time it takes to create a block takes longer than a second, and transactions to be immediately confirmed, however, since only one confirmation is required.
In addition, the balances of the users are protected by the distributed applications with a server-independent infrastructure. This means, simply stated, is that users can keep currencies and control over their Crypto, the private key will be stored on their own devices. This solution is intended to make the stock market safe from hacker attacks. Too often it has happened in the past that stock markets have lost millions of heavy amounts.
Binance DEX is a decentralized stock exchange built on the Binance Chain, an upcoming Blockchain, will be in the BNB, the native digital currency. As a joint initiative of the DEX with the support of Binance is created for developers and technology and appears in the beginning of 2019.
Currently, the Binance Coin is based on the ERC-20-token standard. After the successful Launch of the Mainnets this will migrate to the Binance Mainnet.