BINANCE UNVEILS DECENTRALIZED EXCHANGE AMID DOUBTS OVER ETHOS

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Major cryptocurrency exchange Binance has revealed a “rough, pre-alpha” demo version of DEX, its own decentralized exchange which could ultimately take over from its current platform.

‘A BIG STEP’

Introducing a video walkthrough of the exchange, CEO Changpeng Zhao said developers were “very aggressively” on getting a usable product to market.

The DEX demo is the first major event on the timeline of the Binance Chain project, the public Blockchain, which the exchange formally announced in May.

“As a public blockchain, Binance Chain will mainly focus on the transfer and trading of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets,” a blog post issued at the time reads.
Binance Chain will focus on performance, ease-of-use, and liquidity. Binance Coin (BNB) will be upgraded to exist on its own blockchain mainnet, becoming a native coin. At the same time, Binance will transition from being a company to a community.

Zhao described the demo as a “small step” for Binance Chain but a “big step” for Binance itself.

https://bitcoinist.com/binance-demo-decentralized-exchange/

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