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Binance joins Neo Council, 2.1 million NEO used to secure two Top 21 positions

Binance Staking has secured two positions on the Neo Council. At the time of press, Binance has voted with approximately 2.1 million NEO to secure its places in the Top 21. Binance is the world's largest custodial exchange with nearly US $9.07 billion in 24-hour volume, according to CoinCap.io. Binance Staking is a service that allows users to earn distributions offered on proof-of-stake or other networks that distribute rewards to participants. The platform provides two types of staking: flexible and locked. Flexible staking offers fewer rewards but allows users to move the underlying assets at any time. Locked staking requires users to deposit a token for a specific time frame but provides higher yields. For example, a minimum of 0.01 NEO locked for 15, 30, 60, or 120 days will earn increasing yields of 5.79%, 7.49%, 8.79%, and 13.56% (made in GAS distributions), respectively. In the announcement post, Neo Global Development said "Binance Staking's new membership in the ...
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Litecoin Sees Spike in Support for Scaling Solution SegWit




A scaling solution originally developed for the bitcoin blockchain may soon get its first trial run on litecoin.
The percentage of the litecoin network signaling to enact the Segregated Witness (SegWit) upgrade reached record highs today according to Litecoinblockhalf.com, climbing to 58.33% of nodes and miners operating the software.

The figures mark a notable jump from last week when only around 25% of devices keeping track of the network's history were signaling for activation. Much of the increase comes from large mining pool F2Pool's decision to signal.
According to Litecoinpool.org, F2Pool currently produces over one-third of the hashing power behind the litecoin network.

While the figure marks an impressive uptick, SegWit still requires 75% of the network agree to adopt the proposal, a figure that is 20% below bitcoin's required 95% threshhold. Because of this differential, many view litecoin as a potential "sandbox" for discovering potential bugs and vulnerabilities possibly hidden in the nascent software.

Originally proposed in December 2015, SegWit sought to boost the bitcoin blockchain's transaction capacity by cleverly altering how data was stored by the network. Still, it has become mired in controversy, as a small group of vocal bitcoin users have pushed for alternative solutions.

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