Binance continues the crusade for dominance of the crypto world with a new development platform - HailNewsUp.com: provides the latest news from India and the world

Breaking

Friday, August 30, 2019

Binance continues the crusade for dominance of the crypto world with a new development platform

binance-continues-crusade-for-dominance

A few days after Binance, one of the world's largest cryptocurrency exchanges, announced its digital asset lending platform, this time it has announced the launch of another new platform aimed at blockchain developers.

In a blog post yesterday, Binance laid the foundation for its open-source development platform, called "Binance X". It seems that the exchange is seeing this as another arrow in its quiver towards its goal of adopting a global cryptocurrency.

"In prejudice, our long-term mission is to provide the infrastructure to allow freedom of money," the company stated in the publication.

In short, "X" is an attempt to unify all the development tools that the exchange currently provides. These include kits for your Trust Wallet application and API access for software development.

"The long-term goal of Binance X is to foster a thriving developer ecosystem that innovates in products and services that will advance the crypto ecosystem and contribute to the adoption of cryptography," said Chia Chia, head of Binance X.

The new platform is structured around three key principles: teaching, collaboration, and development. The names are self-explanatory, but there are details here.

In the "Learn" section, the exchange will provide official and third-party resources to help Binos become familiar with the ecosystem and blockchain.

The "Collaborate" section will provide tools and channels to help both developers and online work. Presumably, this would include communication channels, forums, and events of some kind.

The third section, "Grow," will help developers take their products to the next level.

There is also a Binance X scholarship program. As a part of the scholarship, developers receive a monthly stipend and support and guidance from the project, which is that of the most experienced members and collaborators in the business community.

It seems that if he is going to continue his crusade for the global domain of cryptocurrency, Binance knows that he will need developers on his behalf.