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Recently, everyone is basically concerned about BN’s battle with the SEC. So today we will tell the story of cz, the light of the Chinese people and the richest man in China. How did Binance become the leader in the currency circle, and how did it become the exchange with the largest trading volume on the entire network within just eight months of its launch? So how did CZ directly jump from the IT industry to the currency circle? Share it with you today!

No matter what happens in the currency circle, there must be a soul figure. Like the soul of BN, it must be CZ Zhao Changpeng. So let’s first take a look at the background of CZ. He is actually a Chinese from Canada. He also has an IT background, so he understands code and he also understands code. CZ was born in Jiangsu, China, and immigrated to Canada with his family when he was a child. After graduation, he was actually in Canada at the beginning and lived a normal life. I also worked at McDonald's and a gas station. Then, after graduation, I went to work in New York and Tokyo, both of which were engaged in financial system transactions.

Later, after the currency had some foreshadowing, he returned to his hometown in Shanghai to start some businesses, and slowly came into contact with Bitcoin. In fact, CZ did not come into contact with Bitcoin when it first came out, it was in 2013. He only heard about Bitcoin when he was 20 years old. At that time, he was playing Texas Hold'em poker at a friend's house. It was while playing cards that he first heard what this cryptocurrency was. At that time, my friend said: CZ, you are an engineer. If you understand the code and have time, you should take a good look at it and study it, right? After studying and researching what this thing is, CZ said yes, then go home and have a look. After going home and studying, I was deeply fascinated by the spirit of cryptocurrency and Bitcoin, and was completely fascinated. After spending a lot of time researching, I finally got it right in 2014. In this field, you can actually see that successful people are very courageous. His courage is really very fast. Around 2014, he sold his own house in Shanghai and wanted to start a business 100%. This seemed very, very scary at the time.

People who sell houses and start businesses are definitely not ordinary people. In today's terms, they are a Degen and a gambling dog! Selling a house all in Bitcoin is definitely not something that ordinary people can do. So looking here, you can also see his courage and his ability to execute. At that time, he probably sold a house in Shanghai for about one million US dollars, which was actually a lot of money. At that time, you can think about it, one Bitcoin was about six hundred US dollars. But if he bought one million Bitcoins, you can imagine how many Bitcoins he has in his hands now. Of course, considering his current Bitcoins and his credit assets, those Bitcoins may also be a small part of his assets. But you can know that he actually has a lot of coins. Then he didn't just sell his house all in Bitcoin. His work also came to the currency circle wholeheartedly with this investment. His first job was actually working on a blockchain info platform that provides Bitcoin wallets. Then learn to understand what Bitcoin is as a system and how it works, and then.

He joined a trading platform like okcoin, and his role was CTO. Because he was an engineer before, he knew the technology, so he served as the CTO. This okcoin is actually the predecessor of Ouyi ok exchange. In other words, CZ is actually a veteran employee of okx exchange. After working for three years, he felt that this thing was powerful and could be done. Then he jumped out of okx and established BN Exchange by himself. When Binance first started, there were almost 20 or 30 employees. He said at the time: Within three years, he would become one of the top ten exchanges in the world! Some people think you are a bit crazy, a bit like Jack Ma at that time.

But in fact, within three years, it was already the number one exchange in the world. CZ is a very, very powerful person. CZ and his friends founded BN in July 2017. At that time, there were not many exchanges on the market, and there were very few exchanges, so there were very few business opponents. At the beginning, the CZ team also faced a series of issues such as credibility challenges, legal compliance, promotion, etc. However, with some hard work by CZ and his team members, in a short period of time, in fact, just a few months after December 2017, the number of registered people had reached one million, which is extremely exaggerated. In fact, it can be said that BN started singing all the way after that. But there was an incident in 2019, when BN was hacked and 7,000 Bitcoins were taken away. At that time, the hacker directly obtained the authority of the BN official wallet through a phishing network and an attack, and directly took away the 7,000 BTC.

It's very exaggerated, but there may be some insurance in the future, or BN actually had enough funds at that time and paid everyone's claims at that time, so the matter passed. But that incident actually taught others a very big lesson, that is to say, safety is the most important thing. They later added many, many upgrades in various aspects to comprehensively maintain the security system of the entire BN. In fact, CZ himself said that his rise was actually a lot of luck, that is, he did the right thing at the right time. And he also has previous experience. He has been doing trading systems for more than 20 years.

Then I happened to encounter a very good opportunity. I seized the opportunity at the right time and did the right thing. So if BN is established a few years later or a few years earlier, it may not necessarily succeed. In fact, going back to what CZ said, one of the main reasons why he operates an exchange is because the entire government is printing money all over the world. These currencies have been deflating due to the government’s inaction. Like many African countries, they are basically Many people on the Internet don’t even have bank accounts, so they can’t do transactions, but if they have BN and can buy coins, they can turn BN into a bank, where they can directly transfer money to each other for transactions. Transactions and more. These are more convenient, and this is what he wants to do. But in this way, isn't he opening a bank in disguise? Then his banking business should become very big in the future. So back to recently, we were faced with another crisis. Since 2019, this should be the biggest crisis.

In other words, it is being targeted by the SEC. If the DOJ sues BN again, the form may be more severe. But if DOJ, the department of justice, has not come out to say this now, basically BN is still fine. The entire market has digested the information. I believe CZ and his team can handle these incidents well. But in general, CZ is definitely a courageous person. Judging from the fact that he sold a house in Shanghai and received one million US dollars all in Bitcoin, he must be a courageous person, and he is often someone who can accomplish great things. So when we first start a business, don’t always think that you think this thing is really a trend in the future, or if you are really interested in it, you believe that it is basically a matter of doing it at the right time. Only then will it be possible to accumulate wealth. If you are very careful in everything you do, there is basically no risk, but at the same time it will not bring you wealth. If you also like CZ and support BN, be sure to give it a like. Like it below.