Surprise Binance Listing Triggers Price Rise In This Altcoin!

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  • One of the largest cryptocurrency exchanges has recently announced that their platform will support the Theta Network (THETA) upgrade, and that they will list a new ETH competitor cryptocurrency that has just entered the top 100 on the platform.

Binance supports the development of Theta

Binance, a popular crypto exchange, announced on March 11 that their platform will support Theta Network (THETA) upgrade and hard fork. The crypto exchange announced the news through a blog post they shared on their official Twitter account. According to the blog post, Theta Network’s upgrade and hard fork will take place approximately on March 14, 2022, at 19:00 (21:00 UTC).

During the upgrade and hard fork, THETA deposits and withdrawals will be suspended as of 18:00 (UTC) March 14, 2022, while THETA trading remains unaffected.

In addition, Binance also stated that it can meet all the technical requirements for users with THETA in their Binance account.

Binance adds support for KDA!

On the other hand, the exchange shared its followers with Binance’s hybrid blockchain platform, which uses both a private and a public chain protocol, via a blog post they published today. Kadena (KDA) He informed me that he would list it. According to the information provided on the blog, the cryptocurrency will be open for trading for KDA/BTC, KDA/BUSD and KDA/USDT trading pairs.

Binance has stated that users can now start depositing KDA in preparation for trading, but withdrawals will not begin until 11:30 AM on March 12, 2022 (2:30 PM UTC). The exchange also encouraged users to check and view the current withdrawal status on the withdrawal page.

What is a cadena (KDA)?

According to CoinMarketCap data, Kadena has skyrocketed from a low of $5.96 to a high of $8.27 after news of Binance’s listing spread. KDA, which is up nearly 40 percent, is trading at $6.94, up over 12 percent at the time of writing.

Kadena is a layer-1 proof-of-work protocol created by two former JPMorgan blockchain developers. Kadena is a hybrid blockchain platform with a private chain protocol called Kuro and a public chain protocol called Chainweb. Users can enjoy the security controls of a private blockchain and the decentralization benefits of a public blockchain.

Along with Pact, the most secure smart contract with built-in automatic control, Kadena continues to survive among competing altcoins. Pact software allows anyone to create a smart contract, allowing the platform to compete with Ethereum (ETH). KDA, on the other hand, is the native token designed to be used to pay the network’s transaction fees. KDA token speeds up and secures transactions on the network.

According to Kadena’s website, the project consists of three branches – Kadena’s layer-1 public blockchain chainwebKadena’s smart contract language pact and Kadena’s private layer-2 blockchain Kuro. The Kadena blockchain also claims to support industry-leading transactions per second when Chainweb, Pact, and Kuro are combined.

“While Chainweb maintains the security and integrity inherent in Bitcoin; It is a braided, parallelized proof-of-work consensus mechanism that improves throughput and scalability…

Pact is a human-readable and Turing Incomplete smart contract language built specifically for blockchains with strong security features including full Official Validation of user code, error messages, contract upgradeability, interoperability support, and strong permission and access control.

Kuro is also proven to support up to 8,000 transactions per second with 500 nodes…

Kadena blockchain platform with 20 chains, industry-leading per second – 480,000 processing.”

You can check the price movements here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.


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