Information from Binance suggests that the BNB Beacon Chain will soon undergo a planned hard fork security upgrade. On the other hand, Stellar (XLM) recently hit the headlines with its massive price increase.
Not to be left behind, VC Spectra (SPCT) has sold over 90% of its initial tokens in Stage 1 of its public presale. The platform recently amassed $2.4 million during its private and seed sales in just two weeks.
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Binance’s (BNB) Upgrade to Boost Security
Binance’s upcoming upgrade will incorporate a safety feature, BEP-255, that leverages on-chain asset reconciliation to enhance security on the BNB Beacon Chain. The mechanism facilitates the seamless monitoring of user balance changes on every block. Of course, this monitoring will aid in the detection and correction of possible inconsistencies in the Binance (BNB) platform.
Furthermore, the new feature will address the Rogue Key Attack, a bug that could compromise Binance’s (BNB) Fast Finality mechanism. Validators will need to re-incorporate their vote addresses after the upgrade to facilitate the integrity and functioning of the BNB Beacon Chain in the Binance ecosystem.
Improved security could boost investors’ confidence in Binance and trigger demand for the Binance (BNB) token, resulting in a price surge. On July 13, Binance (BNB) experienced a bullish sentiment, rising from $244.00 to $256.49, representing a 5.12% surge. However, the surge in Binance (BNB) was followed by a 3.24% drop to trade at $248.19. Today, Binance (BNB) shows signs of recovery and is trading at $251.15.
Stellar (XLM) Thriving, Thanks to Ripple’s Victory
The judge’s decision to acquit Ripple from the case was a blessing for Stellar’s (XLM) operational model. Investors’ concerns regarding possible regulatory actions against it have diminished, spiking investor confidence and leading to a rise in Stellar’s (XLM) price.
The SEC’s defeat creates an opportunity for Stellar (XLM) to implement upgrades that could facilitate payment. At the moment, Stellar (XLM) is committed to establishing an entirely decentralized platform via its Soroban project. The project is designed for scalability, and developers can utilize it to create dApps with real-world and practical uses.
These developments have impacted Stellar’s (XLM) price in various ways. Analysts say that XLM can challenge the $0.2 psychological level in the foreseeable future, but they’re skeptical about its ability to sustain that price. On July 13, Stellar (XLM) rose from $0.09626 to trade at $0.1549, representing a 60.92% increase. However, the token has since dropped by 15.43% to trade at $0.131.
VC Spectra (SPCT) Giving Rivals a Run for Their Money
VC Spectra (SPCT) leverages a sustainable development approach to avail a wide range of lucrative opportunities for its users. The decentralized hedge fund is committed to driving innovation in blockchain and fintech. Furthermore, VC Spectra enables financial growth by harnessing state-of-the-art technology.
VC Spectra (SPCT) identifies highly profitable blockchain and technology-based ventures through its meticulous project evaluation process. The platform rewards users with quarterly buybacks and dividends emanating from investment gains. Moreover, VC Spectra grants users exclusive access to pre-ICOs, voting rights, and diversified portfolios.
While VC Spectra (SPCT) is still in Stage 1 of its public presale, it has established itself as a formidable player, and the SPCT token is trading at $0.008. VC Spectra (SPCT) investors can’t wait for Stage 2 of the presale, during which the SPCT token price will skyrocket by 37.5% to hit $0.011. Analysts project VC Spectra (SPCT) to reach its $0.08 target price once it enters major exchanges. This surge will represent a 10x jump, and early investors can enjoy a 900% ROI.
Learn more about the VC Spectra presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
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