Binance DEX and Binance Chain
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What is Binance ? Binance is one of the popular cryptocurrency exchanges that initially offered a centralized platform for trading 100+ cryptocurrencies. From 2018, Binance exchange is the world's biggest cryptocurrency exchange in terms of global trading volume and users. Founder: Changpeng Zhao, Yi He Founded Year: 2017 Headquarters: Malta
What is Binance DEX? Binance DEX is a Peer-to-peer protocol of Binance running on Binance Chain that allows users to exchange cryptocurrency directly without the involvement of admin. The notable beneďŹ t of Binance DEX is its matching system as it is created on a high power blockchain medium " Tendermint Core " with 1sec block time. This provides speed as same as centralized exchanges.
Key Features of Binance DEX The key aspects of Binance DEX platforms are as follows : 1. Private keys are under the control of users 2. Decentralized order book 3. Matching mechanism with 1 sec block time These three factors can take the binance and crypto market to the next level.
What is Binance Chain ? The Binance Chain is a core technology of Binance DEX with which it can make trade volume as like Binance centralized platform. You can not mine crypto coins on Binance Chain, Instead, tokens can be created. Binance Ń hain uses blockchain mechanism such as Byzantine Fault Tolerant (BFT ) and Proof-of-Stake (PoS ).The launch of Binance Chain on mainnet Galileo has made the migration of Binance Coin (BNB ) from ERC 20 to BEP 2, the native token standard of Binance.
Highlights of Binance DEX 1. Functionality Binance DEX uses a web-based exchange platform with UI similar to Binance centralized platform. It contains Tradingview charts with full range technical indicators. The Binance DEX offers users a way to create their own wallet and hold their own private keys. 2. Security Binance DEX provides wallet development in which the users can store their private keys conďŹ dential. Know more Highlights Here !!
Advantages of Binance DEX 1. As Binance already gained a good reputation, this in turns continues to be with Binance DEX. 2. Build with familiar UI and UX. 3. Control of funds is in the hands of users. 4. Users have the rights to test trading tricks. 5. Low or considerable fees.
What Bitdeal can afford ? We, Bitdeal help you in developing your own DEX platform as like Binance DEX on your own blockchain network. We also provide integration of DEX features for your already existing centralized cryptocurrency exchange platform. Develop your DEX platform with live trading and cent percent decentralized trading platform. Our Blockchain experts are experienced and they can deploy a blockchain network as like Binance Chain to maintain the trading on your own DEX platform as like Binance DEX. Book a live demo for Binance DEX at Bitdeal Now !!