Several activities are taking place in the crypto industry amid the current market situation. One such activity is the recent development of the BNB channel. This digital network is in preparation to recruit additional developers in charge of web3 development.
A brief about BNB
Binance Coin (BNB) is a renowned digital currency developed and operated by the well-known crypto exchange, Binance. The development of the digital token was supported by Platzi, an educational platform focused on Latin America.
The digital coin was created in July 2017 and launched with an ICO (initial coin offering). At the time, the token contained approximately 200 million BNB coins, which the company divided into parts for specific organizations.
In the second half of 2022, the crypto exchange platform became the largest in the world. At the time, its volume reached $7.6 billion.
Initially, Binance Coin was not a standalone network. Instead, it ran under the Ethereum (ETH) blockchain, the ERC 20 standard.
Currently, the digital token runs under its blockchain called the Binance Chain Network. Also, several investors and traders in the crypto industry use BNB tokens for different transactions.
The new development of the BNB channel
Recently, crypto network development players announced a new blockchain-based development. This is to introduce a regional web3 course. The idea here is to create more accessible access to the course, making it accessible to 30,000 participants before the end of the year.
One of the main objectives of the course is to broaden the skills of developers. Binance Chain Chief Investment Officer Gwendolyn Regina quoted it in an interview with our source.
This course is essential given that many users of digital currencies still lack an adequate understanding of the technology. A investigation from Motley Fool revealed the responses of some tech users. According to the survey, about 10% of respondents admitted that they don’t understand technology operations.
This type of report and many others are the main driving force behind the development of the course. Additionally, Regina indicated that education and accessibility are significant barriers to entry when it comes to blockchain technology. The course development aims to increase the wider adoption of the technology.
There are certain regions where the development of cryptography is of great need. For example, Latin America can take advantage of this opportunity to develop its local population.
For this purpose, the course will travel to these areas to give residents the knowledge of blockchain technology. Moreover, this education will benefit the financial and traditional institutions of the natives.
Featured Image from Pixabay and chart from TradingView.com