- Binance: Trust Adds Tezos Wallet
- Why is it important
- Price Tezos could not respond to this development
Kriptokoin.com – Binance's preferred official encryption wallet application, backed by Tezos (XTZ). In addition, the application works to provide a critical resource for including cryptographic currencies based on Proof-of-Stake.
Binance: Trust Adds Tezos Wallet
In an official announcement, Binance announced that Trust Wallet, the official preference for the encrypted wallet, supported Tezos (XTZ). In addition, the application also works on a key feature for game-based cryptographic currencies, which will be released by the end of the second quarter.
In early March, Coinbase, a US-based crypto-currency exchange, made a similar move. The Tezosus Coinbase Storage service was announced ready for customers.
While the Coinbase Storage service is for corporate investors, the new Trust Wallet feature will allow Tezos owners to maintain their tokens and actively participate in network governance.
Viktor Radchenko, founder of Trust Wallet, says:
Protokolü Tezos is one of the leading internal governance and PoS systems. We are excited to work together to bring decisive and delegating mechanisms to Trust Wallet mobile users, allowing everyone to become involved in network security and transaction verification.
Why is it important
Adding a Trust Wallet support feature will allow users to not only maintain Tezos and other PoS-based encryption currencies but also actively participate in network governance.
For example, in the case of Tezos, the block chain is based on a Stake Proof Delegate (DPoS) consensus mechanism. By supporting their tokens, users can choose the işlem bake kullanıc option that represents the process of creating blocks.
However, to be selected as a baker, the user must have at least 10,000 XTZ. For this reason, those who do not want to have so much Tezos can transfer them to others and receive certain comments.
By adding support and delegation features, Trust Wallet expands the range of options that are basically owned by Tezos owners.
Price Tezos could not respond to this development
Such ads historically mean a pioneer of price increases. After the launch of Coinbase in March, the price of Tezos increased by about 11%.
However, this is not the case now. According to TradingView data, Tezos (XTZ) fell 3% on the day this article was written.
In addition, the price of Tezos does not appear to be affected by the recent positive increase in the market.
Since April 2, the crypto-currency market has added about $ 30 billion to its total value.
Bitcoin, who led the race, has increased by 20% in recent days. Of course, as most subgroups recorded significant increases, these increases affected the entire market.
However, as shown in the chart, Tezos is not among those who realized this increase. Despite the announcement and the positive development of the market, the encrypted currency has lost value.
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