From the BNB Chain, they postulate its rapid infrastructure, with liquidity and ready to climb. ”
The network promises better infrastructure and greater liquidity for betting platforms.
The team behind BNB Chain launched on October 7 a public invitation to the developers of the cryptocurrency ecosystem to build new prediction markets on their network.
As they detailed, that industry is entering a stage of global expansion and requires of an infrastructure “Fast, liquidity and ready to climb”.
Prediction markets are platforms that They allow users to bet on the result of future eventsreflecting the probability that they occur through the price of contracts.
The best known today is Polymarket, which has gained popularity for its forecasts on elections, politics and economic issues, among many others.
As explained by the BNB Chain in a release Of September 15, the prediction markets are ceasing to be “niche experiments” to become a fundamental layer of finance, media and governance.
To sustain this growth and expand it towards cryptocurrency networks, they affirm, it is necessary that these platforms operate About an adequate infrastructure.
In that sense, they emphasize that the chain created by Exchange Binance offers:
- “High speed and low cost”, which allows even to maintain small markets.
- “Wide liquidity”, thanks to one of the largest defi ecosystems in the sector.
- «Compatibility with oracles«, which promise the reliable resolution of events.
- “Global and permissions”, so that developers can create platforms accessible to any user in the world.
Facing the next six to twelve months, the BNB Chain team promises advances that seek to attract the developers of the sector.
Among them, more solid resolution systems (based on managed oracles or dispute tips), greater liquidity stability for different types of markets, a more fluid user experience with transactions without commissions and fiat catwalks, and more sophisticated products, such as indexes or opportunities markets.
Finally, they also compared the differences between traditional prediction markets and those that can be deployed on “blockchain technology.”
In the latter, intelligent contracts would guarantee the free creation and transparent liquidation of markets. Users can participate in a pseudonym way without identity verification processes, and payment structures are more flexible, to be able to involve tokens, synthetic assets or staking mechanisms.