- Binance’s CEO assures investors of the public testing code to be released on February 20th in 2019
- The BNB will only have 11 nodes
- The number of nodes will not affect the efficiency of the program
In a live stream session with Binance’s CEO, Changpeng Zhao assured the crypto community that they are working on a BNB program for public testing. Confirming the live stream session, he posted a tweet assuring investors that the program will be available by 20th February.
The Titbit Details of Testnet
In the live stream, Zhao confirmed that the Binance team would release code with fewer nodes unlike that of bitcoin.
Bitcoin’s system has lots of nodes that make it possible for it to handle multiple and large transactions as well as divers of features for its users. Conversely, for BNB, Zhao said that the code would only have eleven nodes, which will still boost its performance. He noted other systems that have fewer nodes but again perform better such as Ripple.
“I think for the testnet right now we elected to run eleven test nodes. I think any numbers is fine… It is going to be more like Neo… or even Ripple… smaller number of nodes and each node will be rather large.”
Also, the Binance chain lacks complex features, unlike other networks. According to Zhao, the system is simple but can handle “large loads”. However, he defended Binance chain’s lack of many features saying, “The load is more important than features…”
He added:
“In the Binance Chain, there is no smart contracts. We just have an interface for you to issue a token then you can trade it.”
BNB is Making Huge Strides
In 2019, BNB has not been subtle in its progress in the crypto space.
Just last month, Binance made its move in the European market by launching a new arm – Binance Jersey. Then earlier this month, Binance strides in the crypto community were vivid with impressive upward traction of about 8 percent.
Therefore, if anything, this testnet is a significant step of ensuring Binance Chain network operates flawlessly.
On a more recent note, the charity arm of Binance has extended its support for ALS campaign.