Jimmy Zhao, a veteran Senior Solution Architect at BNB Chain, recently sat down for a chat with Cryptonews Podcast host Matt Zahab.
He talked about BNB Chain and Binance being separate entities, different layers of BNB Chain coming into a unified platform, shifting to fully on-chain models, and bringing 15x lower fees.
He further touched on the team’s 2024 plans for more Layer-2 innovations, AI and DePIN projects they’re working with, and their focus on gaming.
In this episode, Zhao discussed:
Jimmy Zhao gave a wide-ranging exclusive interview, which you can see below. Conversely, you can watch the entire podcast episode above.
Zhao commented that the current crypto market gave the industry participants a chance to educate the community about blockchain: what it is and what kind of value it creates both for the market and people’s lives.
Therefore, he is currently looking for opportunities to meet people in person, including different developers and projects. The goal is to have a deeper discussion about the ways to build on top of BNB Chain, as well as other blockchains, and how to contribute to the ecosystem.
Speaking of which, Zhao emphasized that BNB Chain is a separate entity from the crypto exchange Binance.
For example, the team working on BNB Chain can’t help users with Binance-related issues.
This team is taking care of the chain alone and projects built on top of it – not the exchange.
In that respect, it is incorrect to refer to it as ‘Binance Chain.’
That said, Binance is one of the biggest users of BNB Chain. The latter also provides technical insight and works with Binance Lab-incubated projects.
“So basically, we are providing the technical infrastructure for Binance, and also other projects as well,” Zhao said.
Zhao