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Layer-1 Altcoin KAIA Stumbles Following New Surprise Binance Listing

n70products by n70products
November 2, 2024
in Altcoin
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Layer-1 Altcoin KAIA Stumbles Following New Surprise Binance Listing
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Layer-1 blockchain Kaia (KAIA) is dipping in worth after abruptly gaining assist from Binance, the world’s largest crypto change platform by buying and selling quantity.

In a brand new announcement, Binance says it’s added the Ethereum Digital Machine (EVM)-based digital asset to its suite of merchandise beginning on October thirty first.

“Binance is worked up to announce that Kaia can be added to Binance Easy Earn, ‘Purchase Crypto,’ Binance Convert, and Binance Margin.”

Information of the itemizing has not had an overwhelmingly optimistic affect on KAIA because the crypto asset noticed a sudden lower in worth. KAIA went from a peak of $0.150 on October thirty first to its present worth of $0.136, a drop of 9.3%.

In line with Kaia’s official website, the sensible contract platform goals to supply enterprise-grade efficiency and reliability whereas reducing charges and offering high-speed transfers.

“Kaia blockchain goals to realize speedy finality for transactions, present excessive pace transaction processing pace for real-world use instances, decrease the price of operating blockchain purposes, cut back obstacles to entry for end-users, and facilitate simple know-how adoption for varied industries.”

Moreover, the undertaking has its personal digital machine primarily based on EVM which permits it to interoperate with Ethereum (ETH).

“The Kaia Digital Machine (KVM) supplies a strong surroundings for sensible contract execution, primarily based on the Ethereum Digital Machine:

  • Helps all EVM opcodes and extra Kaia-specific precompiled contracts.
  • Suitable with Solidity and Ethereum growth instruments (e.g. Remix, Hardhat, Foundry).
  • Permits builders to port Ethereum sensible contracts to Kaia with minimal modifications.”

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Featured Picture: Shutterstock/Dan Collier/Nikelser Kate





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Tags: AltcoinBinanceKAIALayer1ListingStumblesSurprise
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