In a conversation with YouTube, known as "Ivan on Tech", the general director of cryptobirge, Binans Changpeng, Zhao told some interesting details about Binance Chain. In particular, he answered a number of questions regarding the company and the new Binance DEX project, for which a test network was launched yesterday.
Zhao began by saying that BNB would be integrated into a new chain and used to speed up transactions. He also noted the exclusion of smart contracts. Instead, users will be able to run tokens and make their suggestions on both Binance and Binance DEX lists.
As for the technical component, Changphen Zhao noted that the creation of new units in the chain is the minimum of time. Moreover, each block is "final". Explaining, he stressed that within a second after the transfer, the sender will receive confirmation of the successful implementation of the transaction. According to CZ, this is especially interesting for e-commerce representatives, as now payment for services, goods will be made faster.
But the most interesting thing that Zhao shared was something else:
“The possibilities of the new network have already evaluated 8 projects. They announced that they would switch from the ERC-20 standard to a new chain. As a “bonus,” we offer those who choose our network a priority for listing on Binance.com. ”