Binance has made two major developments this month. Having launched its trading platform margin(margin trading) , the company also announced the upgrade of its backbone, the Binance Chain under the Galileo Version - v0.6.0
Four big changes
The latest version called Galileo - v.0.6.0, would have required four major changes on the Binance Blockchain.
The first focuses on the revision of the Blockchain matching engine with the "Taker" and "Maker" logic .
The second concerns the trading pairs incorporated on the decentralized trading platform, Binance DEX. The update would allow validators to vote on pairs.
"It will improve liquidity," the statement said.The third modification is based on Binance Chain's Tokenized Assets that can be locked in real time.
Finally, the options for synchronizing nodes have been perfected.
New features in addition
Galileo introduces many essential features to broaden the trading parameters of investors . The most prominent feature would be the locking of tokens for a fixed period.
This is a very effective system for users seeking guarantees over time.
"Some projects may lock some tokens issued as a commitment of the founding team; some scenarios [...] must also lock some tokens as a guarantee of value, "says Binance in an example.Indeed, it is a common strategic approach for entrepreneurs, with the aim of attracting new partners.
Finally, Galileo's last main network was the result of hard work by Binance Chain validators.
On the other hand, Binance's margin trading platform is very successful, and Binance co-founder Yi He calls it "one of the most requested services in our community".
What do you think of this new upgrade of the Binance Blockchain? Share your opinion in the comment section below.