​​#News
Binance nnounced the launch date of the test network Binance Chain

CEO of the largest trading volume bitcoin exchange Binance Changpeng Zhao announced the date of the upcoming launch of the test network of the blockchain Binance Chain, which is the basis of the decentralized exchange Binance DEX.

"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 based 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. Blockchain based on Binance DEX will work on the basis of delegated proof of stake (Delegated Proof of Stake, DPoS) and Byzantine consensus (Byzantine Fault Tolerant, BFT).

Also, according to Zhao, Binance Chain is A tendermint fork in which many things are" cut out, " including smart contracts. This is done to increase productivity, which is more important for the tasks of the exchange than the abundance of opportunities.

The platform interface will allow projects to issue tokens on the basis of Binance Chain and" effectively conduct ICO", attracting funds in BNB tokens.

Reminding, on the eve of the token Coin Binance has updated the historical maximum paired with bitcoin on the BTC levels 0.0026880.