The world’s leading cryptocurrency exchange Binance has launched the main network of its decentralized exchange (DEX) called Binance Chain. The swap of existing ERC20-based Binance Coin (BNB) to the Binance Chain will be carried out on April 23rd.
‘A New Chapter’
According to the official blog post, Binance has officially launched the mainnet of its decentralized exchange Binance Chain. This ‘new chapter’ as the CEO Changpeng Zhao has called it, will have all the currently existing Binance Coin (BNB), which are based on the ERC20 standard, swapped to the new network on April 23rd.
Moreover, Zhao has also successfully completed the first transaction on Binance Chain.
“The Binance_DEX members gave me the honor to do the first transaction on Binance Chain. It’s fast and sleek! Love it,” said Zhao.
The @Binance_DEX members gave me the honor to do the first transaction on Binance Chain. It’s FAST and SLEEK! Love it. pic.twitter.com/GkWpcbfVf6
— CZ Binance (@cz_binance) April 18, 2019
In addition, there will…