UPDATED 20:55 EST / AUGUST 29 2019

BLOCKCHAIN

Binance launches new developer platform to foster blockchain innovation

Binance, the world’s largest cryptocurrency exchange by volume, today rolled out a new developer platform aimed at fostering blockchain innovation, particularly across the company’s existing platforms.

Called Binance X, the initiative includes a hub where developers receive educational material and support for Binance solutions such as the Binance Chain, the company’s application programming interface, software development kits and more.

Binance X comes with three streams dubbed learn, collaborate and grow. “Under Learn, we provide official and eventually third-party resources to help you learn and reference relevant information,” Binance said in a blog post. “Under Collaborate, we provide tools and channels where you can engage, both online and in real life, with relevant Binance teams and other third-party developers. Under Grow, we refer you to different programs at Binance designed to help projects at different stages of maturity level up to the next phase of growth.”

The initiative will be supported by Binance X Fellowship, an existing program that was designed to support developers to create free and open-source software. That program has already had some success, with more than 40 developers and projects that include Hammad Tariq of GoBNB, JP Thorbjornsen of BEPTools, Nikita Kozlov and Alexandr Safonov of BrowserBNB and Austin Griffith of Burner Wallet, among others.

Other Binance programs that can be tapped into include Binance Labs Incubation and Binance Launchpad. Labs Incubation is a cryptocurrency startup incubator while Launchpad is a token launch platform for new cryptocurrencies.

“The long-term goal of Binance X is to foster a thriving developer ecosystem that innovates on products and services that would advance the crypto ecosystem and contribute to crypto adoption,” Teck Chia, head of Binance X, told The Block.

The Binance X announcement comes on the heels of Binance announcing the Venus project Aug. 19. Designed to compete with Facebook Inc.’s Libra cryptocurrency, the project has been designed to develop localized stablecoins and digital assets pegged to fiat currencies across the globe.

Image: Binance

A message from John Furrier, co-founder of SiliconANGLE:

Your vote of support is important to us and it helps us keep the content FREE.

One click below supports our mission to provide free, deep, and relevant content.  

Join our community on YouTube

Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.

“TheCUBE is an important partner to the industry. You guys really are a part of our events and we really appreciate you coming and I know people appreciate the content you create as well” – Andy Jassy

THANK YOU