Binance Coin – Who is behind the crypto currency?

The crypto currency is used on the trading platform of the same name. Binance is one of the younger trading platforms; the exchange market was only launched in July 2017. Changpeng Zhao, Yi He and Da Hongfei are mainly responsible for the development. Changpeng Zhao is the founder of BijeTech, a computer software company, and OKChain. Since Hongfei was involved in the creation of the crypto currency NEO.

Binance is based in Shanghai, China according to onlinebetrug

Many of the crypto currencies available on the platform come from Asia. The trading platform is particularly located here, in China, Japan and Southeast Asia. It is noticeable that Bin-ance trades a particularly large number of old coins, i.e. alternatives to Bitcoin. More than 80 different crypto currencies are available on Binance says onlinebetrug. The exchange exchange is particularly suitable if you want to convert Bitcoins and Ether Altcoins into, these two sizes of the cryptoscene can be exchanged for almost any other coin. You cannot buy BinanceCoin here, the coin can only be exchanged for other coins. In general, only crypto currencies are exchanged for other crypto currencies, the purchase with cash is not possible. Read more about it on onlinebetrug.

Although Binance is still relatively young, the exchange market is now one of the four largest brokers for crypto currencies in the world. There can be various reasons for this: On the one hand, crypto currencies are popular in Asia, especially in China. Trade in digital currencies has been established there for some time. And China is one of the largest economies in the world, with a lot of capital in it. At the same time, the Chinese government seems to be heavily involved in trading in crypto currencies. There are already signs of this among the developers of the NEO Coin, who cooperate with those of Binance. So it doesn’t seem unlikely that the coin development was also nodded off by the state institutions here.

This is also due to the general hype about crypto currencies and the Ethereum code

Although the exchange is mainly located in Asia, it is also available in several European languages and is becoming increasingly popular according to the review by onlinebetrug. At the beginning of the year, the rush to the file-sharing sites was so high that many could no longer allow new registrations. Binance also closed its doors for a short time until the infrastructure was overhauled. The online trading platform is expected to have 2.9 million users and a trading volume of 4.3 billion US dollars. The Ethereum code website is now allowing new registrations again.

Binance offers various incentives for its users: Airdrops (free coins) are distributed regularly to users. Users with a high turnover are rewarded with tokens. The „Community Coin of the Month“ is a vote in which the community decides each month which new Altcoin will be added to the exchange exchange as a trading pair. Bina/nce thus gives potentially relevant new crypto currencies a chance and keeps its offer fresh. In addition, unlike most currently active crypto exchanges, Bina/nce Initial Coin Offerings can be performed.

PIVX Coin – Privacy thanks to CoinMixer

The PIVX coin attaches particular importance to security and privacy. Some call it the only correct crypto currency in recent years. That’s why the developers also renounced an ICO and burned the pre-scored tokens that were needed to start the blockchain. This is not about coins as speculation objects. What the prognosis could look like nevertheless, one experiences here.

PIVX Coin – What is this Bitcoin code?

The PIVX crypto currency is a coin used for anonymous transactions. In this respect, the PIVX coin is one of many Bitcoin code. What is special about PIVX is the combination of several technologies. The transactions are encrypted by the CoinMixer. This was already used for the crypto currency Dash.

The CoinMixer breaks down the coin to eight standard values (1, 5, 10, 50, 100, 500, 1000, 5000). These anonymized units are called zPIV. A complicated process ensures that these shredded units arrive at the right address. For outsiders, however, the transaction is not traceable. This process is based on the Zerocoin protocol, which was originally intended to be used by Bitcoin.

The coin offers further advantages in the area of the consensus algorithm. This is used by blockchains to create new blocks and add them to the chain. Transactions are then verified and executed. PI/VX uses the principle of staking, in which the coins on the PIVX wallet are frozen, i.e. „staked“. The frozen coins cannot be used for transactions for a certain period of time. As a reward the staker receives some coins, but this happens randomly with each new block, which should happen about every 60 seconds.

PIVX Coin – Who is the Bitcoin trader behind the crypto currency?

The more coins the Bitcoin trader staked on the wallet, the higher the probability of earning a few coins. PI/VX uses the Bitcoin trader Quark algorithm to validate the transactions, which consumes only a few resources. Many other coins, and especially Bitcoin, consume much more power in order to carry out transactions at all.

Master Nodes offer another way to buy the coin in order to earn money. Master Nodes are computers on which there is a PI/VX wallet with 10,000 coins of the crypto currency. The master nodes are used to verify and encrypt transactions and also store the blockchain. The owners of the master nodes can participate in democratic decisions regarding the future of the blockchain. Using master nodes, revenues from staking are not accidental.

Every year, the network distributes 2.6 million coins. What sounds like hyperinflation at first is actually a well thought-out concept of development. Coins are also burned annually when the offer has reached a certain mass of coins. At the same time, a large proportion of the coins on the network are also stored on the PI/VX wallets. In total, it is expected to hold 90 % of the total stock. This means that the crypto currency is conceptually closer to traditional currencies.

Behind the PIVX Coin development is the community. The participation in the development is completely voluntary, everyone can contribute. Participants can decide to remain anonymous in the sense of the crypto currency or to confess publicly. Even though this approach might not seem very professional, a team of software developers, marketers and general supporters has come together. The team is constantly looking for new members, including social media and bloggers, to make coin development better known.