Yahoo reports that public chains are becoming increasingly popular in the crypto world. It states that Binance, the biggest cryptocurrency exchange, was one of trendsetter because of its intentions to fight the Ethereum hegemony.
Listing ERC20 tokens on Binance simply gave Ethereum more exposure, but they did not get any financial incentives from the Ethereum network. Subsequently, the crypto behemoth announced about launching its own public chain, aiming to replace Ethereum-based tokens.
Remarkably, other major exchanges in the likes of Huobi and OKEx have already followed in Binance’s footsteps. Some experts predict that it could cause a visible damage to Ethereum.
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Arman Shirinyan
Dan Burgin
Vladislav Sopov