Zen to release community protocol

The community release of the Zen Protocol, Malkuth is rolling out on June 30 to enable token transferability
14 June 2018   804

The release of the Zen Protocol to the community - Malkuth, is going to allow all Zen Protocol Native tokens to be transferable at ease. The roll-out is set on June 30. Another feature will be the smart contracts activation that come with proven costs and full format verification support.

The initial mining algorithm will be SHA-3. The following update is going to include Multi-Hash-Mining. Import of the 24-word mnemonic phrase into the wallet is necessary in order to gain access to the tokens after the launch. As the Zen project approaches Genesis block inception, QA testing and audits are underway to ensure a stable and secure blockchain. Independent security researchers are welcome to review the codebase and give some feedback.

Zen Protocol is a decentralized financial system that gives clients control over their financial assets and acts as a trading floor, a broker and a tool for making new instruments. More information about the project is available here.

Binance to Launch BTC-Pegged Own Chain Based Token

In this way exchange wants to transfer crypto based on own blockchains to its ecosystem and  increase liquidity and trading volumes at Binance DEX
17 June 2019   158

In the coming days, Binance Exchange will launch a series of BEP2-tokens, tied to different cryptocurrency rates, on its own Binance Chain blockchain. The first token of this type will be BTCB - its rate is tied to Bitcoin.

BTCB is backed with bitcoins located in Binance reserves. The address for storing bitcoins has already been made publicly available, so that users can verify that the token has the necessary support.

In the future, the BTCB / BTC trading pair will be launched on Binance.com. With its help, users will be able to convert the original cryptocurrency into the Binance Chain token. The price spread in this case will be about 0.1%.

According to Binance, in this way it can transfer cryptocurrencies based on its own blockchains to its ecosystem and currently not represented in the Binance Chain. The company expects the launch of new tools to increase liquidity and trading volumes at Binance DEX.

While this approach is more centralized than atomic swaps, we believe it provides a higher degree of ease-of-use to most traders. And most traders are already trusting Binance.com to hold their funds anyway.

Binance Team

To date, Binance has independently reserved 9,001 BTC and released 9,001 BTCB. The BTCB / BTC trading pair on Binance.com will tentatively appear within a day, and an asset will be added to Binance DEX after approval of the relevant offer.