The founder and CEO of Binance, the world’s leading cryptocurrency exchange, Changpeng Zhao, had a stellar participation in the Binance Summit held today. In it, Zhao announced that Binance will donate $ 100,000 to Gitcoin for the granting of grants to projects based on the Ethereum Blockchain. While giving his opinion on government virtual currencies, and the future of the crypto market.
Donating to Gitcoin
The Binance Smart Chain, the Binance Blockchain, has become in record time one of the most important blockchains in the world. Driven above all by the institutional support it receives from the exchange. As well as its technical characteristics that include complete interoperability with Ethereum, which allows projects in both block chains to connect with each other.
However, Binance does not want to just stay there. And it is that, as Changpeng Zhao explained during his speech at the Binance Summit today. The vision of the exchange regarding the world of cryptocurrencies is that there is room for mutual growth. That is, for Zhao, Blockchain projects can cooperate to grow the world of crypto assets in a win-win dynamic.
What has prompted Binance to make a donation of $ 100,000 to Gitcoin, with the aim of financing round 8 of the Gitcoin’s Grant Matching Program, planned to take place between December 2 and 18, and which will provide support financial for creator projects on the Ethereum Blockchain.
Gitcoin is a platform dedicated to supporting developers of open source Blockchain projects. Which has been promoting Web 3.0 projects (or decentralized web) for years, through the different rounds of Grants, which Binance would now join with this donation.
How does Binance see the world?
However, donating to Gitcoin was not the only topic raised during Changpeng Zhao’s speech. Well, the founder of Binance took advantage of the Summit space to comment on his opinion on government virtual currencies. Arguing that, although they are not as decentralized as cryptocurrencies, the fact that there are more virtual currencies is undoubtedly positive for the Blockchain ecosystem.
On the other hand, and when asked by the public about the future of Ethereum, and if it could surpass Bitcoin. Changpeng Zhao left the door open for that to happen in the future, commenting that in the crypto world everything is possible, including that Ethereum ends up surpassing Bitcoin, or that it is Bitcoin that ends up beating all other crypto assets.
In this way, with these comments and the announcement of the $ 100,000 donation to Gitcoin, Changpeng Zhao reaffirmed his company’s commitment to the growth of the crypto world. Supporting the emergence of new projects that strengthen the Blockchain sector, both in the Binance Smart Chain and in other chains.