CZ: I didn’t participate in the research and development of BNB Chain in depth, hoping to maintain decentralization

On March 8, CZ, the founder of Binance, said in the AMA that one of the reasons why he did not participate in the research and development of BNB Chain was that he hoped that BNB Chain would remain decentralized, and he usually focused on dealing with CEX, and would also pay attention to BNB ecology in the future when he had enough time.

Interpretation of this information:

In an “Ask Me Anything” session on March 8, CZ, the founder of Binance, was asked about the reasons why he did not invest much in the development of Binance’s BNB Chain. CZ explained that he preferred to keep BNB Chain decentralized and felt it would be better if the community was able to drive its development. He also mentioned that he typically focused his efforts on Centralized Exchanges (CEX) and would pay attention to the BNB ecosystem when he had enough time.

CZ’s perspective on the development of BNB Chain is in line with Binance’s core values of promoting decentralization, community-driven development, and innovation. BNB Chain was introduced by Binance as a separate blockchain network in 2019. It is positioned as a high-performance blockchain capable of handling a variety of dApps (decentralized applications).

The message conveys an underlying concern about how to adequately balance the priorities of encouraging eco-friendly growth and fostering community-led development while managing a centralized exchange. CZ recognizes that managing the demands of an exchange ecosystem requires a lot of effort, and he must invest a great deal of time and energy towards CEX’s development.

Moreover, CZ’s statement regarding BNB Chain’s decentralized nature is consistent with the company’s ethos of creating an accessible blockchain network for users who want to become blockchain developers or leverage blockchain solutions to solve real-world problems. Binance operates with a view to promoting blockchain adoption and innovation.

To conclude, Binance is a blockchain systems solution provider. CZ’s statement in the AMA is a clear representation of the company’s commitment to innovation, decentralization, and fostering community-driven development. By focusing on CEX and leaving BNB Chain to the community-driven approach, the company strikes a delicate balance between fostering eco-friendly development and creating a path for developers who want to become blockchain developers.