Binance “experiencing some synchronization issues”, says CEO Changpeng Zhao

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September 12, 2018 by
Binance “experiencing some synchronization issues”, says CEO Changpeng Zhao

Binance Chief Executive Officer Changpeng Zhao on Wednesday educated the exchange’s individuals regarding the “synchronisation problems” encountered by the trading system. Nonetheless, he ensured individuals that the problem will be fixed shortly and is as well insignificant to prevent the regular services offered by Binance

In the tweet, Zhao clearly mentioned that some information including orders as well as annual report present in the ledger system of the trading platform had gone “out of sync”. This has disturbed its performance, thereby creating a wave of worry amongst consumers.

Technical issue not a big deal for Binance.
Customers have been dealing with problems while performing order updates, withdrawal of funds and activity of balance. The tweet led several users to raise their problems pertaining to the problem, though a lot of appeared pacified by the truth that the system was servicing to fix the problem.

However, the technical concern seems to be actually minor as compared to the most up to date advancements that the trading platform has actually observed in current days.

On Tuesday, 11th September the crypto exchange along with Malta Stock market participated in a Memorandum of Understanding [MoU] arrangement for introducing a digital exchange for the trading of digital tokens.

In addition, Zhao had lately vouched for the exchange’s very first procurement – Trust fund Wallet, which permits customers to exercise even more control over their digital coins.

Brunda is currently a Blockchain Correspondent at Cryptoheed and has been in the journalism industry for more than 4 years. She churns out different articles on cryptocurrency and Blockchain technology. With writing as a passion and profession, she has previously written several articles on lifestyle, health, cricket, and entertainment. When she is not writing, she is busy binge-watching TV shows or movies.

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