binance-banner.jpg

Binance Chain Announces Galileo, the Latest Version of Its Mainnet

The blockchain launched by cryptocurrency exchange Binance, Binance Chain, has completed an upgrade to its mainnet. The latest iteration is called Galileo — v.0.6.0 — as announced by Binance on July 15.


According to the announcement, there are four major changes implemented in Galileo: the matching engine has been revised with “Taker” and “Maker” matching logic, trading pairs on Binances decentralized exchange, Binance DEX, can be delisted, Binance Chain token assets can now be time-locked and state sync options have been enhanced.


For Binance DEX, validators can now reportedly make a proposal to vote on delisting trading pairs for reasons such as low volume of use. This could, the announcement suggests, improve overall liquidity.


Time-locking tokens is also a new feature that is reportedly sought by a number of projects looking to list their crypto assets. As fully explained in the initial BEP-9 proposal — and echoed in the Galileo announcement — businesses sometimes like to use time-locked tokens as a means of securing commitment from founders... Read More at CoinTelegraph...

#Binance