The team behind BNB Chain launched a public invitation to developers of the cryptocurrency ecosystem on October 7th, creating a new forecast market on the network.
As they detailed, the industry is in a global expansion phase and needs infrastructure “Fast, fluidity and ready to climb.”.
The forecast market is its platform Users can bet on the outcome of future eventsreflects the probability of occurring at the price of the contract.
The most well-known today is Polymarket, which has gained popularity for forecasting on elections, politics and economic issues.
As explained in the BNB chain in a September 15th statement, forecast markets are no longer “niche experiments” and become the fundamental layer of finance, media and governance.
To maintain this growth and expand towards cryptocurrency networks, they assert that these platforms need to work About the right infrastructure.
In that sense, they emphasize that the chain created by Exchange Binance offers.
- Fast and low cost.
- Global and no authority.
The BNB chain team promises progress to attract sector developers in the face of the next six to 12 months.
Among them, stronger resolution systems (based on managed oracles and conflict tips), improved liquidity stability for different types of markets, more fluid user experiences in transactions without commissions or fiat catwalk, and more refined products such as indexes and opportunity markets.
Finally, they also compared the differences between traditional forecast markets and what can be deployed in “blockchain technology.”
The latter guarantees an intelligent contract Free market creation and transparent liquidation. Users can participate in the pseudonymous method without the identity verification process, making payment structures more flexible and can include tokens, synthetic assets, or staking mechanisms.
Blockchain Blockchain.
