Binance Chooses NEO's Delegated Byzantine Fault Tolerance for its BNB Chain

Binance, the world's largest cryptocurrency exchange by market cap, will utilize the sophisticated Delegated Byzantine Fault Tolerance for its upcoming Binance Chain product, as seen on a Youtube video released on December 4, 2018.Building a Robust Product.

First revealed in a tweet last week, Binance Chain is a native blockchain that strives to offer a highly-scalable distributed ledger that can be used to build products and issue digital tokens.

Binance is pushing for blockchain adoption and doing many things to help advancement of the industry.

We will have the Binance chain ready in the coming months, on which millions of projects can easily issue tokens.

Binance announced the product at a Forbes Asia event held in the first week of December.

Now, the company has confirmed that Binance Chain will utilize a dBFT-based consensus mechanism, with the company's upcoming decentralized exchange being the first to deploy the sophisticated system.

Currently, it is unclear why Binance chose a dBFT-based consensus mechanism, but if the exchange's impressive plans of reaching global expansion are considered, the operation of a worldwide public blockchain would require a high tolerance to bad actors who try to maliciously affect the network.

After untold hours of development and research the worlds largest exchange #binance has chosen to use the Delegated Byzantine Fault Tolerance Consensus Algorithm for their new $BNB chain.

CZ added at the event that Binance is striving hard to reach a fundamental "Payment adoption increase," and "Pushing really hard into that space" as the company pushes for its vision of digital asset decentralization.

How this will play into the success of Binance or NEO is hard to determine.