Binance launched testnet for their decentralized exchange. Why is it necessary?

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2019-02-20 21:15:07

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Binance launched testnet for their decentralized exchange. Why is it necessary?

The Largest crypto currency exchange testnet for their own DEX and Binance Chain. CEO Binance, Chanpen Zhao said that the company's management places a priority on speed, security and usability of your new project. As always, Zhao is preparing to take a dominant position in the market — Binance DEX should be the best decentralized exchange in the industry.

the

Startup Binance DEX

Over the last 12 months the popularity of DEX was very low for the background correction of the stock market. In fact, a normal user needs to trade on decentralized exchange with the same success, as usual. However, over the last couple of years has not been formed, the trend of mass migration from traditional centralized trading platforms to DEX.

The company's Management promises that Binance DEX will combine all the best qualities of both types of exchanges. Traders will be able to gain complete control over their funds, and their commercial transactions will be carried out with even greater speed.

DEX is based on the blockchain Binance Chain, which should be the basis for all operations on a decentralized platform. Zhao talked about some of the advantages.

Transactions in Binance Chain occur almost instantaneously, generating unit takes less than one second. In comparison with other blockchains is the best solution. Binance DEX can handle the same volume as our main exchange. We decided the challenges previously faced by other decentralized exchange.

Source: Bitcoinist

The native Value of cryptocurrencies since the end of January jumped by 76 per cent from 6.2 to 10.97 dollar, which indicates the growing interest of investors in the new project. The latest information about updates Binance DEX you can get in our . For courses coins recommend you to follow .

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