Famous cryptocurrency exchange giant, Binance, has recently unveiled its new division; Binance Research. The exchange has made it clear that it is more than a crypto exchange. The research division will be handling investigations into the depth of upcoming tokens as well as digital assets listed on the exchange.
The unveiling of this research department marks the beginning of a new era in Binance ecosystem. The division would be focused on the development of institutional-grade research reports with the aim of having a more transparent exchange and increasing the quality of information available in the crypto stratosphere. Though the two reports already posted are rather objective in nature and in-depth. There are certain footnotes on both indicated warnings against the use of the piece for “investment purposes,” even if that might be the major reason why most traders acquire 360 investment information.
LOOM and GoChain
Currently, the Binance Research division boasts of two online reports namely: LOOM and GoChain. The former is one of several scaling solutions for the Ethereum blockchain while the latter is an independent blockchain which is interoperable with Ethereum, GoChain also proposes some upgrade however yet to establish a mega steamrolling network effect which is capable of granting it a competitive strength to go loggerheads with Ethereum in a feasible manner.
It is obvious that the report was trying to simplify the ideas to the purest form possible. However, it will still appear like rocket science to an investor or trader that is not familiar with the products might not understand. For instance, a snippet of the report below might not be comprehensible for someone just getting into Ethereum investment:
“By using Plasma Cash-based relays to transfer assets across chains, Loom can preserve the security of the Ethereum mainnet, while enabling increased speed and scalability through Layer-2 DPoS consensus of its sidechain.”
Despite this, this report still managed to deliver the requisite information needed by investors irrespective of their technical background as it moved average volume and more details about the team behind the product. These are the important things an investor would consider in high-risk investments like crypto and ICOs.