#币安HODLer空投YB Blockchain technology significantly enhances the transparency of exchanges from multiple aspects such as transaction records, rule execution, and regulatory auditing, while also constraining improper operations of certain exchanges. The specific impacts are as follows:

1. Transaction records are publicly traceable: The distributed ledger of blockchain records information such as the amount, timestamp, and participating addresses of each transaction, and the data is synchronized across all network nodes. Anyone can verify it through a blockchain explorer. For example, the liquidity and trading volume data of trading pairs on Uniswap can be queried publicly, avoiding opaque behaviors such as dark pool trading that may exist in centralized exchanges.

2. Transaction rules are transparent and immutable: Exchanges can use smart contracts to set rules for transactions, clearing, and listing, which cannot be privately modified once written into the blockchain, and the execution process is fully transparent. This can prevent exchanges from arbitrarily adjusting trading rules and manipulating token listings, reducing the transfer of benefits.

3. Facilitating efficient regulation and auditing: The immutability of blockchain keeps transaction records complete and authentic. Regulatory bodies and auditors do not need to rely on internal data provided by exchanges and can directly access on-chain records for verification, quickly trace suspicious transactions, lower the probability of money laundering and other illegal activities, and significantly reduce auditing costs and difficulties.

4. Constraining platform violations: This technology allows the flow of funds and operational behaviors of exchanges to be under supervision across the entire network. For instance, behaviors such as restricting contract clearing data pushes and manipulating token prices, which were previously observed in some centralized exchanges, would be quickly identified within the transparent system supported by blockchain technology, thereby compelling exchanges to standardize their operations. #中本聪代币 $BNB $恶俗企鹅