The CEO of Binance, the largest in terms of trading volume, Changpeng Zhao, announced the date of the upcoming launch of the Binance Chain blockchain test network, which is the basis of the Binance DEX decentralized exchange.
Finally got a date. Targeting to release Binance Chain testnet ( @binance_dex ) for public testing on Feb 20th. This is a testnet, your feedback would be most valuable.
– CZ Binance (@cz_binance) February 12, 2019
“Finally we have a date. The start of public testing is scheduled for February 20. It's about the test network, feedback is welcome, ” Zhao said.
Binance Chain is built on the Tendermint protocol from the Cosmos Network project. According to Zhao, the architecture of this protocol is most suitable for the tasks of the new site. The blockchain at the heart of Binance DEX will operate on the basis of the delegated share (Delegated Proof of Stake, DPoS) and the Byzantine Consensus (Byzantine Fault Tolerant, BFT).
Also, according to Zhao, Binance Chain is a fork of the Tendermint, in which "many things are cut out", including smart contracts. This is done to increase productivity, which is more important for exchange tasks than an abundance of opportunities.
The platform interface will allow projects to release tokens based on Binance Chain and “effectively carry out ICO”, attracting funds in BNB tokens.
Recall that on the eve of the Binance Coin token updated the historical maximum paired with Bitcoin at the level of 0.0026880 BTC.
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