Enjin, a Bitcoin, Litecoin (LTC), Ethereum (ETH), ERC-20, ERC-771 and ERC-1155 supporting, top tier wallet has added Binance Coin (BNB), the world’s eight most valuable asset powering activities in the Binance Chain. Moving on, Enjin wallet users can now “monitor and manage infinite Binance Chain addresses” and in days ahead “place orders to Binance DEX’s on-chain order books—without leaving the Enjin Wallet’s secure interface” thanks to the latest Infinity Update that directly empowers users, giving them the ability to create, import, track and securely store different digital assets which will include BNB.
Acknowledging this support, Ted Lin, Binance Chief Growth Officer, said:
“We are excited to have the support of Enjin Wallet on Binance Chain. Enjin users will be able to transact from wallet to wallet on Binance DEX with full custody over their assets, increasing the level of freedom in the community.”
This is indeed a big leap towards making the mobile wallet a go-to storage for liquid, high value digital assets. Besides, from a neutral’s point of view, Infinity is strategic even complementing Binance’s recent aggressive developments. It was only last month when the world’s largest exchange by adjusted volumes announced their mainnet launch, migrating from Ethereum towards a new blockchain. The new blockchain, Changpeng Zhao said won’t be competing with Ethereum but is the underlying network that would support Binance activities including the DEX—that Enjin would soon allow traders to monitor and execute positions from without login off the wallet—a digital asset market place:
“Binance Chain is a very simple chain in terms of application, but it can handle very large loads. It is our opinion that the load is more important than the features.”
Unlike other decentralized exchanges, the new Binance DEX is a modern, liquid, secure and operating from the very principles of blockchain technology which is distribution and decentralization eliminating attack vectors plaguing centralized exchanges. As revealed by a recent CipherTrace report, exchanges lost a cumulative $1.2 billion in Q1 2019 alone thanks to cyber attacks some sponsored by rogue governments.
Therefore, the support of Binance Coin (BNB) is a way of Enjin Wallet expressing their desire of a world where digital assets are safe, bolstered by top-notch secure practices while simultaneously collaborating with innovative blockchain companies. According to Maxim Blagov, the CEO of Enjin, offering supporting for BNB is an endorsement of user control and personal responsibility:
“Like Enjin, Binance is a fast-moving, innovation machine — and one that we are proud to throw our support behind through this collaboration and many more to come.”