Binance Chain: October 2019 growth report
Blockchain

Binance Chain: October 2019 growth report

By Alfredo de Candia - 15 Nov 2019

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A few hours ago Binance published an official report on Binance Chain’s performance in October 2019, which shows the progress made in the last month, both in terms of development and in terms of numbers achieved.

From the published report it is clear that, in the last few months, Binance Chain has had no problem in continuing with its expansion and development and now has 160 BEP2 tokens, especially since an interesting feature of this chain is that it allows to take advantage of Binance’s decentralised exchange (DEX).

In fact, there are already 115 tokens listed on the DEX, and in October 2019 it closed with a volume of 50 million dollars.

In addition, the report also states that Binance Chain has:

  • Executed more than 33 million transactions;
  • Used more than 300,000 addresses;
  • Issued 160 BEP2 tokens.

To these figures it should be added that further progress has been made in the last period in terms of partnerships. These include the introduction of CipherTrace, the new AML (Anti Money Laundering) procedure and the exclusive partnership with HTC Exodus to develop a smartphone that runs on Binance Chain.

Binance Chain and other blockchains in comparison

TRON has now surpassed the 4 million accounts on its blockchain and already has 777 tokens to its credit, including those that follow the TRC10 standard and those that use TRC20.

EOS, for its part, has over 1.5 million accounts and just under 400 tokens on its main blockchain: as is known, in fact, EOS has several sisterchains and as many tokens.

At the development level, all teams are working on their own blockchains in some way.

The Cardano (ADA) blockchain, for example, is about to release the Shelley update, while Vitalik Buterin, creator of Ethereum (ETH), is working on ETH 2.0; in the meantime Bitcoin, still being the most famous blockchain, is preparing for the halving that will probably take place in the spring of 2020.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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