Binance has set its sights on usurping Ethereum with its new protocol blockchain. Since its launch, Binance Chain has attracted coins away from competitors, pumping the value of coins that switch. Could the “Binance Chain effect” be the new Coinbase effect?
Since its announcement in 2018, Binance Chain has been one of the most highly anticipated projects in the crypto industry. The exchange’s very own decentralized blockchain platform has now set its sights on surpassing one of the largest cryptocurrency networks in the world—Ethereum.