Binance Pool is the largest miner of Bitcoin Satoshi Version according to services platform Coin Dance. It is among the top 10 Cryptocurrency Exchanges worldwide, with CoinMarketCap as its subsidiary.
Binance Pool sums up to 26.3% mining of all the Bitcoin Satoshi Version blocks. Huobi and TAAL, respectively occupy the second and the third position and, SVPool and ViaBTC share the fourth position. It was launched to the sub-mining industry in April 2020 and is now open to the general public.
What is Binance?
Binance is a cryptocurrency exchange platform where you can trade several types of cryptocurrencies. Headquartered in Malta, Changpeng Zhao founded it in 2017.
What is Binance Pool?
Binance Pool is a service platform that strives to improve the salary of miners. It allows users to make higher profits by auto-switching hash rate to mine different currencies with the same algorithm. It offers Proof of Work (PoW) and Proof of Stake (PoS) services for various coins and tokens. Its first product offering will be Bitcoin mining.
Binance Pool is also offering the Smart Pool service. This enables users to earn higher profits by automatically switching between currencies with the same algorithm.
“Binance Pool complements the existing Binance users by providing them with mining services.”, Binance’s website stated.
Binance Pool promises a guaranteed minimum income and simple usage and operation.
The interesting point to note is that the Bitcoin Satoshi Version is not available on Binance. Previously, its pairs were delisted, and trading ceased in April 2019. The website stated that it did not meet quality standards. However, the delisting also took place during a feud between Hodlnaut and the Santoshi claimant Craig Wright.
Hodlnaut is a platform that provides easy financial services to individual investors. The user called Craig Wright a ‘fraud’. In response, Craig announced a $5000 reward to the person who would give him concrete proof of Hodlnaut’s identity.
This act left a lot of netizens in anger and rage. Most of them supported Hodlnaut and called out to delist the Bitcoin Satoshi Version. One of the people supporting Hodlnaut was Binance’s chief executive Changpeng Zhao, who stated on Twitter that Craig is not Satoshi Nakamoto. He continued to say that if Craig did not amend his behavior, Binance would delist the asset.
Most believe that Changpeng Zhao acted on the threat.
Who is Craig Wright?
Craig Wright is the creator and chief proponent of the Bitcoin Satoshi Version. However, he has drawn criticism from crypto netizens all across the world. Wright has claimed to be the Bitcoin creator Satoshi Nakamoto.
Binance pool had initially launched as a closed-beta phase. It ranks as the largest miner of the Bitcoin Satoshi Version now. It is a part of the services offered by Binance, that is secure and transparent, gets steady earnings, and offers a comprehensive service.
The Binance team promises to safeguard assets, while the hash rate is displayed in real-time. It uses the FPPS Model and instant settlements, to avoid variations in earnings.
Binance Pool has made a name for itself in mining Bitcoin Satoshi Version in an extremely short period. It has captured more than a quarter (26.3%) of the mining Bitcoin Satoshi Version.