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He encouraged all those who wished to donate to make them rather to Binance Charity, during a live broadcast on Twitter, in which he addressed several issues beyond the 7,000 BTC stolen by hackers.
CZ transforms it into a general Q & A
Users have taken the opportunity to ask a ton of random questions about Binance. One could interest many readers: the fact that Binance "works on a number of straps in fiat".
CZ also said that smart contracts were not a top priority for the recently published Binance channel. He said:
To be honest, we have not thought much about Binance Chain's governance model.
Speaking of Binance Chain, he said that projects "already on Binance Chain" would have better chances to be listed on Binance. The declaration indicates that the exchange will privilege such projects, whether or not they have a significant interest in the whole world. Any existing token project whose only desire is to appear on Binance only needs the nascent chain to find the fast track to the liquidity route.
CZ stated that Tether USD can currently only be removed in the Omni (BTC) version. The Tether and ERC-20 versions of Tether can not be removed on Binance.
Binance Chain will switch to open source code whenever it wants
The CEO in crisis also said that "all other exchanges would publish a similar version of this channel" if the company made its blockchain public at the moment. Although most blockchain projects are open-source right from the start, the Binance Chain code is not currently available to the public. CZ states that he wants Binance Chain to have a real influence before embarking on an open sourcing strategy or worrying too much about the issue. For the main chips of the ERC-20, CZ indicates that the string "will probably establish an attachment", which means that Binance will offer a token relative to the value of the main chips.
Zhao also said that SegWit "is part of the roadmap but has lower priority", saying that Bitcoin is currently running as planned, so there is no hurry to introduce SegWit or Lightning Network. Currently, the transactions sent by Binance are working perfectly, he said.
Many users have graciously taken the opportunity to express their gratitude to CZ for its commitment to the cryptographic community. CZ said the exchange "was trying to be as transparent as possible now" and, earlier in the broadcast, stressed that Binance Charity's efforts will continue to support its commitments, including its promise to help those sued by Craig Wright.
At the end of the show, CZ stated that hackers could "structure the withdrawal request so as not to violate any of our existing security policies." He said the exchange would cover the loss and it took a week to make sure "the system is completely clean".
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