Market Overview

Binance Announces Dexathon Prize Winners


The largest cryptocurrency trading platform has revealed the winners
of its decentralized exchange coding competition

one of the world's largest cryptocurrency exchanges, has declared the
winners of the Binance Dexathon, a community-driven initiative aimed at
solving the speed and capacity issues faced by decentralized exchanges.
Nine teams, including five university-based teams, emerged victorious in
this coding competition.

The Binance Dexathon leverages the technological excellence of the
cryptocurrency and blockchain community to solve the liquidity and
efficiency problems presented by current decentralized exchanges. Since Dexathon's
launch on March 16, Binance received decentralized exchange prototypes
from talented programmers and blockchain specialists worldwide.
Participants of this decentralized exchange coding competition presented
implementation protocols that enable the creation of a low-latency and
high-throughput decentralized exchange.

Teams participating in the Dexathon worked in parallel with internal
Binance development teams to advance decentralized exchange
architecture, competing for substantial prizes paid in Binance Coin
(BNB) and the potential to be considered for employment by the
international cryptocurrency exchange. Binance has also encouraged
academic participation in the Dexathon by providing qualified university
development teams a sponsorship grant of $10,000 regardless of
competition performance.

Binance Dexathon participants were provided with a list of requirements
based on the core issues that affect the functionality of existing
decentralized exchange solutions, with design considerations emphasizing
speed and simplicity over fancy features. Development teams competing in
the Dexathon were given free reign over parameters such as the consensus
algorithm and matching engine used, as well as the option to incorporate
bonus features such as natively supported ICO implementation.

Participants were provided with the option to either create new
implementations from scratch, or fork an existing blockchain
implementation and improve upon them to meet feature requirements,
provided that copyright and license restrictions are met.

The conclusion of the Binance Dexathon has resulted in a major step
forward for exchange decentralization, continuing the community-driven
approach to decentralized exchange development adopted by Binance and
advancing the technological foundation of next-generation blockchain
technology. The winning implementations at the Dexathon exhibited the
participants' great talents and different approaches in solving
challenges in decentralized exchanges.

In tandem with community-driven Dexathon, Binance is also spearheading
the development of Binance Chain, the blockchain that will be powering
the Binance DEX. The Binance Chain initiative will focus on performance,
ease-of-use, and liquidity, building a framework for the decentralized
exchanges of the future.

Launched in 2017, Binance has experienced rapid growth and user adoption
that has seen the platform become a global cryptocurrency exchange
leader. Binance's focus on platform security, forward-leaning
technological perspective, and strong relationship with the
cryptocurrency community at large have made it the cryptocurrency
trading platform of choice globally.

About Binance

Binance is a blockchain ecosystem comprised of Exchange, Labs,
Launchpad, Info, Academy, and Blockchain Charity Foundation. Binance
Exchange is one of the most popular and fastest growing cryptocurrency
exchange platforms in the world, capable of processing over 1.4 million
orders per second, making it one of the fastest exchanges in the world.
The platform focuses on security, robustness, and execution speed -
attracting enthusiasts and professional traders alike.

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