Binance coin, beware of hackers

Created in 2017, Binance coin is the fifth largest cryptocurrency. (© Shutterstock)

Binance Coin was created in 2017 to fund the launch of Binance, which has since become the world’s largest cryptocurrency exchange platform. It has established itself as one of the first digital currencies in terms of its capitalization. A beautiful story is under threat today due to security issues affecting the Binance blockchain.

Binance is a giant among dedicated marketplaces, with an estimated market share of 55.1% of crypto exchanges and transactions globally(1).

The adventure began in 2017 with fundraising in the form of an Initial Coin Offering (ICO), which has become a very classic device in the startup world based on the issuance of digital tokens (tokens in English). The token in question will quickly become one of the most popular cybercurrencies. The 100 million Binance coins (BNB) listed for sale in June 2017 were exchanged for $0.11, or barely 1/20,000 of a bitcoin at the time!

The engine and hostage of the ecosystem

Thanks to the success of cryptocurrencies and the rapid development of Binance, which timely compensated for the lack of tools to allow simple transactions in these new currencies, the value of the Binance coin increased dramatically within a few months: it was worth a dollar on August 14, $10 on December 27, 2017, then $25 on 12 January 2018. What is driving this rapid growth? By using BNB, users benefit from lower fees for transactions made on the Binance platform. Qualified as a utility token, BNB also allows its holders to participate in

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