Monday, June 17, 2019

Binance Announced Bitcoin-Pegged Token (BTCB) on Binance Chain

Coinspeaker
Binance Announced Bitcoin-Pegged Token (BTCB) on Binance Chain

Binance, the world’s largest cryptocurrency exchange by volume,  will issue a number of crypto-pegged tokens on Binance Chain (BEP2 token format) in the coming days, starting with Bitcoin-Pegged Token (BTCB).

“Pegged tokens such as BTCB, are 100% backed by the native coin in reserve, which is Bitcoin (BTC) in BTCB’s case,” according to the company’s blog on Medium. “The reserve addresses are published for anyone to audit. The blockchain offers a much easier way to audit a crypto reserve than a traditional bank balance tether.”

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Binance Announced Bitcoin-Pegged Token (BTCB) on Binance Chain



Binance Announced Bitcoin-Pegged Token (BTCB) on Binance Chain

Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries.


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