Zilliqa (ZIL) at the Centre of Binance Singapore Shutdown Decision

Zilliqa (ZIL) fields a decentralised app development ecosystem, of which Binance-backed HGX exchange is built on.

  • Zilliqa maintains DApp development use cases for Web 3.0 applications
  • Singapore-based HGX exchange built on Zilliqa, trades in alternative assets
  • Binance decision to pull out of Singapore based on its 18 per cent stake in HGX

Decentralised Applications (DApps) provide a primary concept through which Web 3.0 can be understood as a concept. DApps operate via a fundamentally different data architecture model, which does not require the same reliance on data servers as with the current Web 2.0 model. Instead, users are able to access DApps which have their data stored …

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