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Sunday, October 17, 2021
Home News Blockmason to Launch Blockmason Credit Protocol Token (BCPT) on Binance Chain

Blockmason to Launch Blockmason Credit Protocol Token (BCPT) on Binance Chain


Blockmason is to launch Blockmason Credit Protocol Token (BCPT) on Binance Chain according to recent reports.

BCPT is a utility token which is required to enable the recording of data through the Credit Protocol to programmatic blockchains, such as Ethereum. As a developer of base-layer blockchain technologies, the Blockmason team is always looking for ways to expand the usability of their innovations. Launching BCPT on Binance Chain allows Blockmason to explore a new blockchain venue, assess the potential and suitability of cross-blockchain Credit Protocol transaction recording as well as the scaling of transaction capacity beyond what is currently capable on Ethereum. As Binance Chain grows, the Credit Protocol and BCPT will grow with it, presenting new opportunities for decentralized app developers and users alike.

Binance Chain is a blockchain software system developed by Binance and the community, and the forthcoming Binance Decentralized Exchange (DEX), as one of the first tokens to be available to users. Binance DEX is the decentralized exchange feature developed on top of the Binance Chain blockchain, offering low latency and high throughput with one-second block times and one-second confirmation finality.

Binance DEX carries over the best features of Binance.com in a decentralized setting while offering the benefits and security of a DEX. On Binance DEX, users maintain control of private keys and funds, ushering in a new era of peer-to-peer trading. Listing BCPT on Binance DEX ensures that DApp developers and others who build Credit Protocol-powered DApps that interact with Binance Chain will be able to obtain BCPT for their needs.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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