OneLedger OLT to Binance Coin BNB Exchange

Crypto Pair Details: OLT to BNB

OneLedger OLT

OneLedger enables you to focus building your business application through OneLedger modularization tools, which will communicate with OneLedger protocol using its API gateway. This mechanism will make your business application interact with different public and private blockchains synchronously through corresponding side chains implemented in OneLedger platform. OneLedger defines a three-layer consensus protocol to enable more effective integration of different blockchain applications. Business logic can be implemented by the first layer – a configurable role-based consensus protocol leveraging hierarchical grouping similar to the structure of Merkle Tree. The side chain consensus protocol can move consensus traffic from the main chain with public consensus to the side chain with high performance and efficiency. OneLedger block structure enables the synchronization and reference between the three-layer consensus. The company works as a cross-ledger blockchain platform for people to make exchanges through business methodology. Not only that, but it’s also developed using the enterprise blockchain technology solutions that are running across the globe like something the world has never seen. One Ledger also operates as a powerful consensus engine that will help people with governance, so they can rest assured their transactions are being completed legitimately. The SDK on the platform is also highly customizable. And the platform, in general, is highly scalable and reliable. The architecture of the One Leger is built around the focal point of building your business software through the One Ledger modularization tools. They are set up to communicate with One Leger’s advanced protocol via the unique API gateway used by the platform developers. The new method of operation is designed to make your business application work together with different private and public blockchains in synchronicity by way of side chains that work together and are implemented via the One Ledger platform. The platform is designed to help people in a wide range of different business models. People in finance, agriculture, transportation, manufacturing and just about anything else will benefit highly from the One Ledger protocol. It works with Bitcoin, Ethereum, HyperLedger and several other platforms.

Binance Coin BNB

Binance Coin is the cryptocurrency of the Binance platform. It is a trading platform exclusively for cryptocurrencies. The name 'Binance' is a combination of binary and finance. Thus, the startup name shows that only cryptocurrencies can be traded against each other. It is not possible to trade crypto currencies against Fiat. The platform achieved an enormous success within a very short time and is focused on worldwide market with Malta headquarters. The cryptocurrency currently has a daily trading volume of 1.5 billion - 2 billion US dollars and is still increasing. In total, there will only be 200 million BNBs. Binance uses the ERC20 token standard from Ethereum and has distributed it as follow: 50% sold on ICO, 40% to the team and 10% to Angel investors. The coin can be used to pay fees on Binance. These include trading fees, transaction fees, listing fees and others. Binance gives you a huge discount when fees are paid in BNB. The schedule of BNB fees discount is as follow: In the first year, 50% discount on all fees, second year 25% discount, third year 12.5% discount, fourth year 6.75 % discount, and from the fifth year onwards there is no discount. This structure is used to incentivize users to buy BNB and do trades within Binance. Binance announced in a buyback plan that it would buy back up to 100 million BNB in Q1 2018. The coins are then burned. This means that they are devaluated to increase the value of the remaining coins. This benefits investors. In the future, the cryptocurrency will remain an asset on the trading platform and will be used as gas. Other tokens that are issued by exchanges include Bibox Token, OKB, Huobi Token, and more.

SOURCE: COINGECKO

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