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In an era in which there’s a blockchain for everything and everyone is launching a blockchain, it’s not surprising that a cryptocurrency exchange should get in on the act. It’s even less surprising that Binance should be the platform to do so. The ambitious exchange, buoyed by record profits and substantial goodwill within the crypto […]
The post Binance Is Launching Its Own Blockchain appeared first on Bitcoin News.
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Following major declines in global trading volume, cryptocurrency exchanges across the board have seen significant losses since the start of 2018. Coincidentally, the corresponding exchange tokens have also suffered. However, Binance Coin (BNB) looks poised to contend this trend with great reception to a recent major announcement. Earlier today, the Binance team published an article regarding a new, major innovation they are working towards: Binance Chain. Binance Chain represents the leading altcoin exchange’s approach to cost and scalability issues, as well as a viable upgrade to help maintain the exchange’s edge over competitors. What is Binance Chain? Binance Chain willPowered by WPeMatico
While there is weight to the argument that the success of one cryptocurrency promotes the success of all cryptocurrencies, there are certainly a number of coins whose communities and even development teams have adopted a position of spite and rivalry toward competing projects. Here are five of the best rivalries throughout cryptocurrency. 5. Binance Coin vs KuCoin Shares While Binance emerged as the premier altcoin exchange in 2017, high withdrawal fees, dust issues, and registration closeouts led many traders to seek something better than even Binance. From this search, KuCoin emerged late last year. Binance Coin (BNB) and KuCoin SharesPowered by WPeMatico
Altcoin exchanges have been a hot topic recently. Top exchanges earned tens or even hundreds of millions of dollars in 2017, despite users of virtually all exchanges running into frequent and significant problems. Such a huge market, combined with the lackluster nature of top providers, creates a prime opportunity for new exchanges to enter the market and potentially grow on the scale of magnitudes. For individuals looking for a slice of the pie, KuCoin Shares (KCS) provides an interesting opportunity. KCS is the fuel behind the KuCoin exchange, a new and quickly growing altcoin exchange striving to rival major players such as Binance. ThePowered by WPeMatico
Whenever cryptocurrency exchanges issue their own coins, some people will be wary. After all, such currencies can only be traded on the main exchange, which makes them seem prone to market manipulation. In the case of Binance Coin, things appear to be looking pretty good. It is an interesting cryptocurrency in its own right, especially because it has surged in value by so much. Why Does Binance Need its own Coin? That is always the main question to ask when exchanges decide to make moves like this. Native exchange-traded currencies which can’t be exchanged anywhere else also make for an interestingPowered by WPeMatico
“Community” is a word that is synonymous with cryptocurrency projects, but aside expressing a desire to develop a strong user base, what does it actually mean? For exchanges, having a community-oriented model means consulting customers on new tokens, incentivizing participation, and creating a revenue-sharing system. Binance and Kucoin are two platforms that have tried this […]
The post Community-Focused Exchanges with Proprietary Tokens Are Prospering appeared first on Bitcoin News.
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In a market dominated by lofty ideas and little in the way of concrete development, it’s easy to overlook the more grounded projects, those that are actively working towards and already providing real-world solutions. However, there are a number of projects that are actively providing a product to consumers every day. Here are five that deserve some attention: LBRY Credits (LBC) LBC powers a decentralized media platform branded as a YouTube-killer. Using this platform, content creators and viewers are connected on an interface that allows content to be shared for free or for a price determined by the creator. Viewers can alsoPowered by WPeMatico