Tag Archive : Binance

/ Binance

SINGAPORE, Sept. 29, 2020 /PRNewswire/ — Cartesi is partnering with Binance Smart Chain (BSC) to unlock the next generation of decentralized applications. Binance Smart Chain is a highly scalable blockchain that supports smart contracts and Ethereum Virtual Machine programmability, featuring high TPS (transactions per second), and fast decentralized trading with low fees. This partnership will enable advanced smart contract capabilities and massive computation for Cartesi DApps atop Binance Smart Chain, allowing DApp developers to jumpstart the next generation of decentralized games and DeFi products.

Cartesi is the only infrastructure that allows developers to use Linux and mainstream software stacks to build powerful DApps (PRNewsfoto/Cartesi)
Cartesi is the only infrastructure that allows developers to use Linux and mainstream software stacks to build powerful DApps (PRNewsfoto/Cartesi)

Developers will now be able to build computationally intensive DApp logic with familiar Linux tools, while at the same time taking advantage of the low fees and high throughput capabilities that Binance Smart Chain provides,” said Erick de Moura, CEO of Cartesi. 

Read More

Crypto exchange Binance has unveiled a new “decentralized” stablecoin system called Venus.

The system is built on the Binance Smart Chain and will mint the decentralized stablecoin called VAI, backed by a basket of various BEP-20 tokens (BEP-20 is Binance’s token standard). The Venus protocol can be seen as a mixture of MakerDAO and Compound, said Binance CEO Changpeng “CZ” Zhao.

“VAI is minted by the same collateral that is supplied to the protocol. Users can borrow up to 50% of the remaining collateral value they have on the protocol from their vTokens to mint VAI,” said Binance. “The collateral provided to Venus will be represented by vTokens (such as vBTC) which will enable users to redeem the underlying collateral as well as to borrow against it.”

Using the Venus protocol, users will also be able to stake their Binance coin (BNB), Binance stablecoin (BUSD), and Swipe (SXP) tokens into

Read More