What has Changpeng Zhao done to keep Binance at the forefront of blockchain technology innovation?
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The year 2021 is coming to an end. The world of blockchain and cryptocurrencies has repeatedly been on the popular search list like Bitcoin? Super universe? NFTs? Digital Yuan… Behind this hot vocabulary is a blockchain. As the world’s largest digital asset trading platform and the underlying architecture of blockchain, Binance has been at the forefront of blockchain technology application innovation under the leadership of Changpeng Zhao, while also closing contributing more to the development of the industry.
The goal of maximizing the application of blockchain technology
The scope of application of blockchain technology is not only limited to the fields of Bitcoin and cryptocurrency, but also has many more potential uses, such as digital “smart” contracts, logistics, access supply chain security, preventing identity theft, and share database access. In fact, blockchain has many more applications. According to the analysis, it is estimated that by 2022, the scale of enterprise spending on blockchain solutions will reach 11.7 billion USD.
As one of the earliest representatives to explore the application of blockchain technology and the circulation of cryptocurrencies, the innovative development of Binance under the leadership of Changpeng Zhao has also brought to the public a new understanding of blockchain technology and crypto assets
In 2017, Binance was founded by Changpeng Zhao and a group of blockchain technology and crypto-asset enthusiasts. Positioned to provide infrastructure services for the entire blockchain ecosystem, the vision is to enable assets to flow freely on a global scale. The foundation of the founding of Binance was when social attention to blockchain, cryptocurrencies, and smart contracts were growing rapidly. Since 2017, blockchain has become a hot topic of public discussion.
Along with this process, Binance started with a currency conversion model and quickly emerged through its implementation in a variety of scenarios. Today, Binance’s business ecosystem is covered with Binance International Station, Binance Academy, Binance Charity, Binance Contract, Binance Incubator, Launchpad, Binance Research Institute, Binance Mining Pool, Trustwallet, Binance Chain, Binance Smart Chain, and Coins BNB platform currency, etc. From an ecological layout perspective, it can be said that Binance has covered all aspects related to the application of blockchain technology and the circulation of digital assets.
This is materialized when the data revealed by Binance for the first quarter of 2021 shows that the number of users has increased by 346%. The data revealed long ago by Binance is around 15 million users, and a 3.5x increase would put Binance’s user count at least past 50 million.
On the momentum of strong development
Currently, Binance International has become the largest and fastest trading platform in the world. Binance Academy supports learning resources for digital assets and blockchain.
As the world’s first blockchain-powered charity, Binance Charity has begun using the transparent, highly efficient, and accountable mechanism provided by blockchain technology to redefine the evolution of blockchain technology. charities and public welfare. Binance Contracts allow traders to use contracts to establish short and long positions, regardless of whether the price rises or falls, they have the opportunity to make a profit. In addition, Binance Incubator and Launchpad are also continuing to invest, consolidate, acquire, and incubate through the strategic layout of Binance. Binance Incubator is a professional investment organization under Binance, integrating research institutes, incubators, and ecological funds. Its investment scale reaches 1 billion US dollars.
After more than 4 years of development, Binance has repeatedly topped various industry lists under the leadership of Changpeng Zhao. It can be said that Binance has become a benchmark in the world of cryptocurrency and blockchain is moving to the next level.
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