Digital asset exchange Binance announced on Monday (23 September 2019) that it would soon be listing Tezos (XTZ).
The Tezos white paper says that Tezos is “a generic and self-amending crypto-ledger,” and that “Tezos can instantiate any blockchain based ledger.”
Tezos, which had its initial coin offering (ICO) in the summer of 2017, uses a Delegated Proof of Stake (dPoS) consensus algorithm.
According to its development team, Tezos offers three main benefits:
- Its native smart contract programming language, Michelson, makes it easier to do formal verification, thereby allowing for more secure, institutional-grade smart contracts.
- Its “formal upgrade mechanism” allows the network to stay relevant as better technology becomes available.
- All stakeholders may “participate in network upgrades by evaluating, proposing, or approving amendments.”
According to Binance’s announcement, the exchange will list XTZ and enable trading in XTZ/BNB, XTZ/BTC, and XTZ/USDT at 11:00 UTC on 24 September 2019. Binance customers can currently deposit XTZ.
At press time, according to CryptoCompare, XTZ/USD has gone up over 6% in the past 24-hour period:
Featured Image Courtesy of Binance