The exchange launched Binance X on Aug. 29, aiming to provide blockchain developers with all necessary resources to drive new solutions on Binance’s projects, as well as in the whole blockchain ecosystem, according to a press release shared with Cointelegraph.
Major global crypto exchange Binance has introduced its new developer-focused project, called Binance X.
Binance X platform will reportedly support developers and their initiatives by assisting in education and collaboration on Binance and connecting them with relevant internal programs that help projects progress at different stages of growth.
The programs include Binance Labs Incubation, Binance Launchpad, company’s strategic investment arm, M&A, as well as Binance X Fellowship, a program with over 40 projects supported by major developers and researchers, including Hammad Tariq of GoBNB.
Bringing devs to relevant Binance programs
Specifically, the new platform will allow developers to create new solutions within a number of Binance’s products, including the Binance Chain, Binance.com APIs, Trust Wallet SDKs and Binance Charity donation platform, the press release notes.
According to the announcement, developers will now be able to find links to all of the official developer resources from each product on Binance. Additionally, Binance X’s so-called Evangelist Program recruits volunteers to carry out local and college meetups, reading groups, workshops and hackathons, the report notes.
Yesterday, Cointelegraph reported that Binance futures trading platform will launch in September.
Amazon Web Services Announces Cryptography-Using Quantum Ledger Database
Amazon Web Services, Inc., an Amazon.com company, announced that the Amazon quantum ledger database (QLDB) was now available.
Transparent and immutable transaction log
According to a post on Sept. 10 from Amazon Web Services (AWS), the newly available Amazon QLBD is a new class of database that provides a transparent, immutable and cryptographically verifiable transaction log owned by a central trusted authority.
The post continues to explain that Amazon QLBD eliminates the need to engage in the complex development effort of building one’s own ledger-like applications or rely on the capabilities of a blockchain framework.
Shawn Bice, a VP at Amazon Web Services, Inc. told Business Wire that AWS has been using a version of Amazon QLDB for many years to store data for some of its most critical systems, and has benefitted from being able to view an immutable history of changes. He added:
“Today, we are proud to announce Amazon QLDB, offering customers a fully managed service that provides the same ledger capabilities, along with the ability to cryptographically verify data integrity. We are excited to see customers streamline their operations and enhance their customer and partner experiences by using Amazon QLDB.”
Amazon hires blockchain experts
At the beginning of August Cointelegraph reported that Amazon was looking to hire a software development engineer for its Colorado team to develop an advertisement blockchain. The post read:
“Our new team in Boulder, CO is looking for a Sr Software Engineer to work within our Advertising FinTech team focused on a Blockchain ledger, billing and reconciliation systems to provide data transparency on transnational financial data.”
Binance Futures Daily Trading Volume Over $150M in Invite-Only Mode
The 24-hour trading volume of major cryptocurrency exchange Binance’s futures markets has exceeded $150 million denominated in Tether (USDT).
On Sept. 10, a Reddit user published their findings on Binance’s futures markets performance. Over the past 24 hours of trading, the figures reached notable volumes in the Bitcoin/USDT pairing, bringing the daily trading volume to over $151 million in USDT.
Closed testing mode
Binance initially launched two futures testnet platforms named Futures A and Futures B on Sept. 2, inviting users to participate in a 10,000 Binance Coin (BNB) trading competition. During the competition, Binance said it would provide all participants with 100,000 USDT tokens in simulated funds on both Binance futures platforms, for testing purposes only.
Following the platform’s launch, the team at Seychelles-registered crypto exchange BitMEX accused Binance of plagiarizing BitMEX documents as part of its futures testnet launch. BitMEX’ post included screenshots of Binance’s overview of the Auto Deleveraging system for its new futures contracts, in which the text is practically identical to that of BitMEX.
Binance comes in for criticism
Subsequently, on Sept. 6, Binance took some heat as the Twitter account known as doublejump said both the options currently under consideration by Binance lacked essential features. The account summarized:
“Platform A is unusable because of its contract size granularity, but does have a nice interface and decent specifications otherwise. Platform B is not documented well and has an unwieldy leverage system.”
In response, a Binance spokesperson told Cointelegraph that “minimum contract size granularity is actually 0.001, @doublejump … accidentally thought it was 1 BTC”, and added:
“Need to correct this point. Platform A does allow transactions below 1 BTC (in lots of 0.001 BTC) but the web UI has some major input validation issues, probably causing issues with my European localized system which does not use a period to separate decimals.”
Per the exchange’s recent announcement, Binance’s United States branch Binance.US is expected to launch in coming weeks.