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Binance Chain is 1 year old

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Binance Chain celebrates 1 year of successes seeing Binance DEX grow as the main decentralized cryptocurrency market in terms of volume.

Yesterday, Binance made a post congratulating the Binance Chain community on the achievements made during its first year of existence.

Binance Chain celebrates 1 year of achievements

What did you achieve during your first year?

According to the blog post, Binance Chain and Binance DEX have accomplished in terms of numbers the following:

  1. 80,000,000 ‘Block height’, which consists of the number of blocks in the chain between any given block and the first block of the Blockchain
  2. 77,000,000 executed transactions
  3. 480,000 addresses
  4. 110 tokens listed on Binance DEX
  5. 135 trading pairs (BNB, BTCB, Stablecoin and alternative trading markets)
  6. 800,000,000 USD in trading volume

How was your evolution and obtaining support?

Like any project, community support is critical to its success. According to the blog post, Binance Chain achieved four fundamental updates that improved the experience of using its Blockchain.

  1. Galileo: This update was made in July 2019, at which time the concepts of ‘Market maker’ and ‘taker’ were launched in order to improve the experience of using Binance DEX.
  2. Hubble: This update was carried out in August 2019, at which time the community stabilized the synchronization processes and there was a security improvement.
  3. Archimedes: This update was made in October 2019, at which time the ‘atomic swaps’ between Blockchains that have support for Smart Contracts and Binance Chain were introduced.
  4. Heisenberg: This update was made in November 2019, at which time the performance of the Blockchain was improved and the restrictions for the listing of transactions were eased.

All of this while further strengthening your commitment to open source development.

In addition, Binance Chain gained the backing of the world’s largest exchange, with the launch of the EP BEP2 Community Listing Program ’. This program was well-founded given that it allowed the most successful projects to have the opportunity to appear on Binance.com. Obviously, this had a positive impact on the project and favored its growth.

Also, the introduction of BEP2 tokens “Backed and linked to major cryptocurrencies that have their own Blockchains, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS and Tron” The opportunities for Binance DEX contributed significantly.

All this has contributed to the fact that, at the time of its 1st year, it has more than 5,000 members, more than 63 BEP, 29 wallets that support the Binance Chain and 7 SDKs.

What comes next?

Just a day before the anniversary, the launch of Binance Smart Chain was announced, as reported by CryptoTrend.

So that, “the next step… involves adding EVM compliant programmability and interoperability between Binance Blockchains

Furthermore, the community is working on the development of mini-BEP2 tokens with the aim of supporting small and promising projects.



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