The CEO of Binance announced the date of the upcoming launch of the Binance Chain test network, which is the basis of the Binance DEX decentralized exchange.
Binance Chain is built on the Tendermint protocol from the Cosmos Network project. According to Zhao, the architecture of this protocol is best suited for the tasks of the new site. The blockchain at the heart of Binance DEX will operate on the basis of the delegated share (Delegated Proof of Stake, DPoS) and the Byzantine Consensus (Byzantine Fault Tolerant, BFT).
Also, according to Zhao, Binance Chain is a fork of the Tendermint, in which many things are cut out, including smart contracts. This is done to increase productivity, which is more important for exchange tasks than an abundance of opportunities.
The platform interface will allow projects to release tokens based on Binance Chain and “carry out ICO effectively”, attracting funds in BNB tokens.