April 14, 2026

Capitalizations Index – B ∞/21M

Is Binance Striving to Become the Facebook of Crypto?

Is binance striving to become the facebook of crypto?

Is Binance Striving to Become the Facebook of Crypto?

Is binance striving to become the facebook of crypto?

It has not gone unnoticed that the world’s largest crypto
exchange keeps growing. Gone are the days when Binance was just simply a place
for digital asset trading. Within two years it has become the ‘one stop shop
for all things crypto, and it has no plans to stop there.

There are a number of similarities between Facebook and
Binance and a recent Forbes
piece
citing the Coin Talk podcast has delved deeper into the men at the
helms. Just like Binance, Facebook was considered a niche product when it was
launched as it was only aimed at US students. Myspace dominated the social
media scene before Facebook arrived and consumed the competition.

Under the guidance of Zuckerberg, who strived to be cool
while in control, Facebook became a monster with tendrils that touched every
corner of the web. Around 30 percent of the planet’s population uses Facebook and it has all
but obliterated any competing platforms or services.

Comparing the two chief executives there are clear similarities, with the popularity of Zuckerberg in the early years of Facebook, and the idol like respect that Changpeng ‘CZ’ Zhao gets from the crypto community today. Jay Caspian Kang who co-hosts the popular podcast said;

“In the film The Social Network, Mark Zuckerberg puts ‘I’m CEO, bitch,’ on a business card. He was play acting a cool guy that doesn’t care about anything, seemed to be just rolling with the punches but is totally in control. CZ is like the real version of that in crypto.”

CZ’s use of twitter to engage with his 333,000 followers and
the wider crypto community has earned much kudos for him and the company he
commands.

It clearly works for Binance which has exploded onto the
scene in just a couple of years. From the early days of being a quirky trading
platform the company now has offices across the globe, multi-language
exchanges, many with fiat to crypto on-ramps, and an ever growing number of
users.

It doesn’t stop there; products including Binance Labs
blockchain incubator, a LaunchPad token platform providing instant success to
its selected projects, an educational Academy, research and development divisions,
Ethereum rivaling Binance Chain and decentralized exchange, and even a charity
have all been added to the growing list.

And we have yet to mention Binance Coin, the
exchange based token that has surged 250 percent this year alone and is now the
seventh largest cryptocurrency by market capitalization which is currently $3
billion.

There is no denying the power
Binance now wields
over other blockchain projects and the emerging crypto
space. This has been clearly demonstrated with the bitcoin
SV boycott. Time will tell if the crypto company and its enigmatic leader
will follow in the footsteps of Facebook and consume the entire ecosystem!

Published at Tue, 30 Apr 2019 05:03:28 +0000

Previous Article

CipherTrace Detects Major Uptick in Cross-Border Payments to Offshore Crypto Exchanges

Next Article

Debunking ₿itcoin Myths: “It’s Only for Criminals”

You might be interested in …

Blockchain Summit

YouTube: blockchain Blockchain Summit BlockChain Summit is valuable meetup for all kind of investors and supporters who are interested to support ICO and BlockChain projects. http://blockchain-summit.info/ more info… YouTube: litecoin beginners guide to litecoin – […]

Estonia Is One Step Closer to Creating a Digital Nation

Estonia is well on its way to realizing its dream of building a global nation supported by its e-Residency program and its own cryptocurrency.


Digital currencies have definitely taken 2017 by storm. Massive price increases, mainstream adoption and just an overall interest in the benefits of blockchain technology have been some of the key highlights of this year.

It’s not just investors hoping to capitalize on these benefits though, governments can also see the advantages to having a cashless financial system.

Bragging Rights for the First State-Run ICO

Bragging Rights for the First State-Run ICO

Estonia had previously announced its plan to develop its own cryptocurrency, the Estcoin. In addition, the country has plans to launch an ICO for its crypto. If successful, it will be the world’s first state-approved and supported ICO.

According to Futurism, the Estcoin would support the country’s e-Residency initiative, which is a project aimed at creating and fostering a global digital nation. Kaspar Korjus, who is the program’s managing director, explained that essentially, anyone in the world who has Internet access can become a “digital citizen” of Estonia. In addition, these citizens can set up and run their business in the country.

Since its launch, the e-Residency initiative has received over 27,000 applicants from more than 140 countries. In addition, 4,272 companies have been registered.

[youtube https://www.youtube.com/watch?v=1IxLHLEDY0Y?feature=oembed&w=500&h=281]

A Multi-Faceted Token

According to Korjus, the state-operated Estcoin token would have varied uses. He explained:

The community Estcoin would be structured to support the objective of growing our new digital nation by incentivizing more people around the world to apply for and make greater use of e-Residency. This includes encouraging investors and entrepreneurs to use e-Residency as their platform for trusted ICO activity.

These tokens, which cannot be traded, can also be used to facilitate electronic signatures, and for log-in purposes. Even though its value will be connected to that of the euro, it is by no means a substitute for the country’s fiat currency.

Vitalik Buterin, who is the co-founder of Ethereum, gave his opinion on the matter:

[I]f these estcoins are issued on top of a blockchain (they could possibly be issued in multiple formats at the same time, nothing wrong with this) then it would become easy and convenient to use them inside of smart contracts and other applications.

Estcoin Is Part of the Bigger Picture

Estcoin Is Part of the Bigger Picture

Even though countries such as Russia, Israel, and Dubai have plans to launch their own state-controlled digital currencies, Estonia seems to have a clear picture in mind, not just in creating a useful crypto, but incorporating it into a new era in the digital revolution.

Do you think Estonia will succeed in creating a digital nation? Will the Estcoin help with this vision? Let us know in the comments below!


Images courtesy of Shutterstock, e-resident.gov.ee

The post Estonia Is One Step Closer to Creating a Digital Nation appeared first on Bitcoinist.com.

Blockchain kullanımı detaylı anlatım

Blockchain Kullanımı Detaylı Anlatım

Blockchain Kullanımı Detaylı Anlatım Videoyu beğendiysek paylaşmayı abone olmayı ve yorum atmayı unutmuyoruz 🙂 SKYPE: Batuseckin Abone Ol ► http://bit.ly/1SRSdwm Tüm soru ve önerilerinizi oguzacd@gmail.com email adresine gönderebilirsiniz. Daha fazla Para kazanma yöntemi için takipte […]