Binance launches Binance Chain; BNB Price Doubles Since December 2018

Binance Coin started this year very great success: the token of the crypto exchange entered the TOP-10 list, and recently achieved a 100% increase in capitalization, having demonstrated a powerful rally since mid-December. Last week alone, BNB has grown by 33%.

This is not surprising: for the last couple of months, Binance is in the spotlight, its projects launched at a breakneck pace and with tremendous success. Tabloids are full of news and headlines, and there is no exception for today.

Changpeng ZHAO, CEO at Binance, claimed that the launch date of the Binance Chain testnet was finally set on February 20. He also confirmed this fact on his Twitter account.

Finally got a date. Targeting to release Binance Chain testnet (@binance_dex) for public testing on Feb 20th. This is a testnet, your feedback would be most valuable.

— CZ Binance (@cz_binance) February 12, 2019

The head of the exchange said that 11 test nodes would be used on the network, mainly for performance reasons. Answering user questions, he also said that there are no smart contracts on Binance Chain, only an interface is provided for the token, for its trading and exchange. Also, Zhao noted that he prefers the ability of the network to withstand the loads, rather than the number of features.

The news of a testnet launch can push the BNB even higher. At the time of this writing, the price of the token was $9.46.

Image courtesy of Steemit