CZ states upcoming Binance Chain will be "more like NEO or even Ripple"

07 Feb, 2019
by David Borman
CZ states upcoming Binance Chain will be more like NEO or even Ripple

Today Binance CEO Changpeng Zhao did a livestream on Periscope in which he discussed the upcoming launch of Binance Chain and explained that it would have high transaction speeds and be structured like NEO or XRP. He also expressed confidence that Binance would continue even through future bear markets.

According to The Daily Hodl, CZ claimed the new blockchain would be ready to launch "in the next week or two." As for the nature of the blockchain, he explained that it is focused on fast transactions and low fees. To this end, it will not support smart contracts at launch and will have somewhat fewer nodes than some chains.

"It’s going to be more like NEO or even Ripple – smaller number of nodes and each node will be rather large."

Read more: Vitalik: Projects that claim high TPS are centralized piles of trash

During the same livestream, CZ was asked if he felt Binance could survive another Bitcoin bear market. He showed great confidence that he felt it could, according to Micky.

"Binance is very healthy financially and very stable in terms of team… So our aim is much longer than another year, our aim is 10, 50, 100 years, so we’ll be here for a while."

It certainly sounds like everything is on the up and up for Binance. Will they be here in 100 years? Stick with Chepicap to find out!

Read more: Binance CZ: Want to add Ripple's xRapid as partner in the future

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