Categories: Cryptocurrency

Binance to pump another ‘Ethereum Killer’ in latest IEO

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The world’s leading crypto companies are forging on with continued development and offerings despite the COVID-19 global lockdown. Binance has recently announced its latest Launchpad offering, which is called Cartesi.

Initial Exchange Offerings (IEOs) have largely replaced Initial Coin Offerings (ICOs) as a way to launch a new token or blockchain project.

The world’s largest crypto exchange, Binance, announced its latest and greatest update earlier this week, which is a new crypto token called CTSI, or Cartesi.

The latest Launchpad offering will promote a token in a lottery-style sale for customers holding its own Binance Coin (BNB).

According to the blurb, Cartesi is building an operating system for dApps, which is pretty much what Ethereum already does.

It added that the project “enables complex and intensive computations run in a Linux environment, outside the blockchain, without compromising decentralization.”

On the surface, it seems that Binance is still trying its hardest to usurp Ethereum, which is the current industry-standard for dApps and smart contracts.

Last year, the exchange plugged its own Binance Chain, offering incentives to blockchain companies that switched to it.

Binance has also been heavily involved with Tron and BitTorrent Token, which are also angling to knock Ethereum off its digital perch.

The world’s domineering exchange clearly wants to become the Google of crypto, and Ethereum is still its primary adversary.

Images courtesy of David McBee/Pexels and Worldspectrum/Pexels

Martin Young

Martin has been writing on technology for 15 years, he has a keen eye for emerging cryptocurrency news, blockchain developments, and market sentiment.

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Martin Young

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