In partnership with Binance, Blockmason has launched its Blockmason Credit Protocol Token (BCPT) on Binance Chain, and the forthcoming Binance Decentralized Exchange (DEX), as one of the first tokens to be available to users. Binance DEX is the decentralized exchange feature developed on top of the Binance Chain blockchain, offering low latency and high throughput with one-second block times and one-second confirmation
BCPT is a utility token which is required to enable the recording of data through the Credit Protocol to programmatic blockchains, such as Ethereum. As a developer of base-layer blockchain technologies, the Blockmason team is always looking for ways to expand the usability of their innovations. Launching BCPT on Binance Chain allows Blockmason to explore a new blockchain venue, assess the potential and suitability of cross-blockchain Credit Protocol transaction recording as well as the scaling of transaction capacity beyond what is currently capable on Ethereum.
As Binance Chain grows, the Credit Protocol and BCPT will grow with it, presenting new opportunities for decentralized app developers and users alike.