It is better to be abreast of Bitcoin news today, as it will let you introduce newer developments that are taking place in the crypto world. One such is the announcement of the new digital asset this coming August 2020. Yes, you heard it right, and if you are curious enough to know the name of this new cryptocurrency, then let us inform you that it is ‘BUY’. The exchange which is going to launch it is Burency exchange. Well, the credit of announcing this good news goes to the Bitcoin.com exchange.
The motive behind the launch of BUY is to enhance the reach of blockchain and cryptocurrency in the Middle East. This new cryptocurrency will share the list with two major trading pairs, Bitcoin and Bitcoin Cash. It will be a debut tradeable launch of BUY with other main cryptocurrencies.
According to Bitcoin.com Exchange head, Danish Chaudhary, In the Middle East region lies the immense scope for the cryptocurrencies and the underlying digital ledger, blockchain technology. So it is indeed to feel overjoyed in listing BUY cryptocurrency from its exchange, Burency, and to motivate them for the objective to make blockchain familiar to the masses.
Burency founder and CEO, Mohammad Mazen has also penned down his approach. According to him, in the cryptocurrency environment, Bitcoin.com has played a major role in it. The listing on Burency becomes very important for them, as it will enable in the promotion and providing the new cryptocurrency BUY on their big community.
All those new crypto enthusiasts must know that the base of Burency exchange lies in comfort and clarity. This exchange is completely controlled and enables everyone to begin cryptocurrency trading. Lloyds of London, known to be one of the major insurance providers, are behind the complete insurance of the Burency, as foremost exchange. It benefits in tracing the trading performance.
The advantage of BUY as a new cryptocurrency will facilitate buying computational power. Purchasing of time-slots in the facility of mining will become possible for those eying for computational power. Also, smart contracts will conduct the transaction to confirm clarity and equity. There are other objectives in a row for Burency exchange, other than its new cryptocurrency BUY, and one such is a set-up of mining operation in countries with cold temperatures. And to perform the functions, it will utilize hydro-power and renewable energy.
Conclusion
So this was all about the Burency exchange and its new cryptocurrency BUY, which is going to make its debut launch in August 2020. You need to be following blockchain education news, as it will let you know about how the Blockchain development centre in being an important element in the Burency ecosystem. This centre deals with incomplete or no knowledge about distributed ledger technology, or say blockchain. In UAE, this Burency Blockchain Centre is going to become a research hub and will let many businesses to grab the knowledge and execution of DLT. Plus keep your attention glued to BUY, the coming new cryptocurrency of Burency in August 2020.
