BNB and the Long-Awaited Binance Chain

 

Bitcoin Global News (BGN)

April 18, 2019 -- ADVFN Crypto NewsWire -- The BNB token is definitely something to write home about. This year alone, its’ value has grown by about 200%. With Binance’s plan to move its’ native token to its’ own chain, the sky appears to be the limit, at least for now.

Helping this theory along is the fact that the move now has the set date range of April 19-22. Judging by CoinDesk’s post, what that means is that it will begin tomorrow and end on the 22nd, with BNB holders being given the new form of the token throughout that time.

Since the BNB supply will be reduced below 200 million, it is possible that increased scarcity may increase the token’s value. What may be even more interesting for BNB investors, however, is what Changpeng Zhao said about the move recently.

Reportedly, he compared it to setting the Binance chain up as an alternative to Ether and suggested that the ecosystem will work in a similar way. If, therefore, the Binance chain can scale well over time, it just might have a chance of truly threatening the Ethereum network, which continues to struggle with scaling issues that have plagued it since last year.  

 

By: BGN Editorial Staff