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Binance Chain’s Beginning

By
Jon Victor
 |  April 24, 2019 12:02 PM PDT
Photo: Mike Sullivan

We still don’t know that much about Binance’s new blockchain, but that hasn’t stopped the crypto world from buzzing about it since it launched this week. For the most part, what has people excited about Binance Chain is that crypto startups can run their tokens on the network. That raises the possibility that the new blockchain will challenge Ethereum, which has a lot of the same features but is much slower to use.

Below, we break down some of the key questions that will shape whether Binance Chain lives up to the hype. So far, investors like what they see: Binance’s token hit an all-time high on Saturday before declining somewhat, capping off a four-month run in which the cryptocurrency has about quadrupled in value as other cryptocurrencies see smaller gains. All in all, market sentiment seems to be improving. Bitcoin’s increase in value earlier this month has held, with its price up 30% since the start of April.

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