Binance Unveils Demo of New Decentralized Cryptocurrency Exchange

Binance, the world’s largest cryptocurrency exchange, has unveiled the first demo of its much-anticipated decentralized trading platform, which will serve as a core component of the firm’s future public blockchain.

During the brief demo, a Binance engineer demonstrated how to use the platform to issue a new cryptocurrency token and then list it on the decentralized exchange (DEX). The engineer then created and filled a sell order using two separate DEX-connected computers. The platform does not yet feature a GUI, so the demo was conducted using a command-line interface (CLI).

While stressing that the platform is in “rough, pre-alpha” development, Binance CEO Changpeng Zhao said that the project is several months ahead of schedule.

“There’s still a ton of work to be done to turn it into a final product,” he said. “Nevertheless, I think this is a major milestone for Binance Chain.”

As CCN reported, decentralized exchanges are widely viewed as the next…