UPDATED 20:55 EST / AUGUST 29 2019


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

Since you’re here …

Show your support for our mission with our one-click subscription to our YouTube channel (below). The more subscribers we have, the more YouTube will suggest relevant enterprise and emerging technology content to you. Thanks!

Support our mission:    >>>>>>  SUBSCRIBE NOW >>>>>>  to our YouTube channel.

… We’d also like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.

If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.