Will Binance’s Accelerator Program Help Bitcoin?

Will Binance’s Accelerator Program Help Bitcoin? 1

Leading cryptocurrency exchange Binance has formally introduced its accelerator program for blockchain and cryptocurrency development.

The exchange announced the launch of Binance X, a project that is designed to provide blockchain developers with some of the resources needed to power their work. The program includes educational direction as well as tools and channels for online collaboration. It also includes a fellowship program.

“One of the programs we started at Binance X was the Binance X Fellowship Program,” according to a blog post on the initiative published on August 29, 2019. “It was designed to support talented developers in creating free and open-source software that would enable new innovations and businesses in the crypto economy. Since the program started earlier this year, we have on-boarded about 40+ projects across various ecosystems.”

While the initiative may spur the types of open-source developments that can be leveraged throughout the blockchain ecosystem, much of the program seems focused on Binance-specific development. 

Some of the programs that the company highlighted in addition to the Binance X Fellowship Program include the Binance Launchpad, Binance Labs Incubation and M&A, the exchange’s strategic investment arm.

Binance X will direct developers toward creating solutions with several of the exchange’s products, including Binance APIs, Binance Chain, Trust Wallet SDKs and the Binance Charity donation platform.  

Binance has proven to be a frontrunner in the crypto industry and, given its current work on Venus, a global currency system that hopes to rival Facebook’s Libra, it is likely in need of all of the development talent it can get. 

But it’s possible that this opportunity for developer resources could help other projects, including Bitcoin, as well. With Binance providing financial and technical help, the exchange could be enabling an environment for people who eventually contribute to the progress of other cryptocurrencies in one way or the other.

Will Binance’s Accelerator Program Help Bitcoin? 2
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 43,375.00
ethereum
Ethereum (ETH) $ 3,048.30
cardano
Cardano (ADA) $ 2.20
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 345.53
xrp
XRP (XRP) $ 0.945891
solana
Solana (SOL) $ 144.24
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 28.48
dogecoin
Dogecoin (DOGE) $ 0.203739
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 43,375.00
ethereumEthereum (ETH)
$ 3,048.30
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 501.09
litecoinLitecoin (LTC)
$ 150.06
bitcoinBitcoin (BTC)
37.009,07
ethereumEthereum (ETH)
2.600,92
tetherTether (USDT)
0,853235
bitcoin-cashBitcoin Cash (BCH)
427,55
litecoinLitecoin (LTC)
128,04
bitcoinBitcoin (BTC)
31,695.28
ethereumEthereum (ETH)
2,227.48
tetherTether (USDT)
0.730727
bitcoin-cashBitcoin Cash (BCH)
366.16
litecoinLitecoin (LTC)
109.65

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021

Blockchain/Cryptocurrency Questions and Answers

Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin42,954 0.88 % 0.96 % 9.32 %
Ethereum2,999.4 2.28 % 1.54 % 10.09 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Cardano2.160 1.59 % 4.82 % 5.63 %
Binance Coin341.37 1.31 % 1.98 % 16.71 %
XRP0.9349 1.39 % 0.83 % 10.88 %
Solana142.01 2.37 % 2.21 % 7.38 %
USD Coin1.000 0.23 % 0.26 % 0.38 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2016 1.52 % 2.66 % 14.05 %

bitcoin
Bitcoin (BTC) $ 43,375.00
ethereum
Ethereum (ETH) $ 3,048.30
cardano
Cardano (ADA) $ 2.20
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 345.53
xrp
XRP (XRP) $ 0.945891
solana
Solana (SOL) $ 144.24
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 28.48
dogecoin
Dogecoin (DOGE) $ 0.203739