Binance will be launching its own blockchain called as Binance Chain in the coming months. The blockchain would help in the creation of new cryptocurrencies and ICO tokens. The project is believed to support the issuance of tokens at ease. Company’s CEO Changpeng Zhao said that Binance’s business is very stable despite trade volume drop and slump in crypto markets.
A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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