9 Oct, 2019

Binance Plans to Move Out of Ethereum Network in Early 2019

For Ethereum, the year 2019 is expected to be a rough and hard one. With Binance committing its Mainnet launch in 2019, which will make the platform pull out of Ethereum network completely, which will be a big jolt for the Ethereum network.

Binance will be joining the likes of TRON, EOS and some other which has already pulled out of the ERC20 network. Zilliqa, on the other hand, will completely move out of the Ethereum network in January 2019.

Binance CEO Changpeng Zhao has assured the Binance community of more features coming to Binance.com and Binance (BNB) Chain testnet with a native high-performance DEX and 1 second transaction confirmation time which will be made live on January 2019. In 2019, it also plans to add up to 10 fiat exchanges around the world and likely to partner with more industry leaders in 2019.

CZ said: “Binance has been building the Binance Chain, with a native on-chain DEX. A testnet version has been deployed and distributed to our partners, and we expect a public testnet to be available in January 2019, with the mainnet launching a couple months later.”

“The Binance Chain is unique in many ways. With 1-second block times and 1 confirmation finality, we hope it will serve a few niche functions other blockchains haven’t covered.”

In 2019, the CZ is planning to further strengthen the Binance community with increased adoption of BNB tokens and will invest in more interesting projects and engage in more transparent charities. On the issue of the steep decline in crypto prices, he said:

“We, as a young industry, were not very united. There were fights between projects, between people, and stupid forks that triggered further drops in price.”