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Binance, the largest cryptocurrency exchange in the world, has received a lot of attention lately ad that it was launching the main network of the Binance channel and planned to carry out a main network exchange on April 23, 2019. At present, the company is encouraging developers who rely on other blockchains to switch to the Binance network. Lucas Nuzzi, director of technology research at Digital Assets Research, believes this decision will give more power to the stock market.
In a twitter wireLucas says Binance could try to control the entire ecosystem with the influence it has gained in recent years. Like the management of Binance ad that he was retiring Bitcoin SV (BCHSV) without any consequences, it could now ask projects from competing platforms, such as EOS, TRON and Ethereum, to migrate to Binance Chain in order to be listed on the stock exchange.
With this kind of authority, Mr. Nuzzi believes that:
"Binance [could] become the equivalent of Ethereum in Bitmain; a mbadive, centralized and autonomous agent that retains a lot of power. "
The former Thompson Management Horizons consultant says that since most of the chips thrown on the Ethereum blockchain lack utility and that their main focus is, at present, used as a means of helping. exchange, they could benefit from the migration. to a blockchain badociated with an exchange. This change could pave the way for these tokens to make headlines and then receive a pump at market value.
As speculation around the issue continues to grow, Nuzzi suspects that the world's largest cryptocurrency exchange could potentially expand its dominance of the cryptosphere, with the rise of initial exchange offerings (IEO ). Since the IEOs are managed by a cryptographic badet trading system on behalf of the startup that is trying to raise funds and accept a cut of sold tokens as well as registration fees, this could be a problem for them. to supervise most new projects in progress. in construction. Therefore, Binance could try to "control the entire supply chain of chips".
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The above should be considered as an opinion and not as investment advice, as an impartial media, no one interferes with the editorial content of CryptoInsider.com, writers are free to choose their own direction, members of Crypto Insider do not participate in the transactions. based on the content.
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