Binance, one of the largest cryptocurrency exchanges in the world, will list the relatively new Raiblocks cryptocurrency on its exchange on an unspecified date. This was confirmed as Raiblocks took 53.5% of the vote in Binance’s ‘Community Coin per Month’ competition, which closed on January 5.
According to Binance’s rules: ‘Binance will list the coin that gets the maximum number of votes on our exchange within a reasonable timeframe.’
Raiblocks (XRB) is a growing cryptocurrency that promises free, instant transfers and an extremely high throughput of 7,000 transactions per second. It is also a blockchain technology somewhat similar to, Bitcoin, Litecoin, and Ethereum.
In comparison, Bitcoin is 7 transactions per second, XRP can handle 1,500 transactions per second, and Ethereum is 15 transactions per second. This could be a solution to Bitcoin’s scalability problem, as Bitcoin transactions have become energy-intensive and costly.
This cryptocurrency uses a block-lattice architecture that uses proof-of-stake (this means no energy-intensive mining like Bitcoin) voting and each account has its own blockchain.
While the lack of mining has clear benefits, mining can effectively deter the dumping of excessive amounts of coins into circulation, helping to stave off inflation.
For the moment, Raiblocks is currently listed on Kucoin, Bitgrail, and possibly other exchanges.
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