A zero-knowledge (ZK) proof computer processing altcoin is crashing after suddenly gaining support from the world’s largest crypto exchange platform by trading volume.
In a recent announcement, Binance said it is adding support for Lagrange (LA), preceding a significant dip in price.
-->“Binance is excited to announce that Lagrange will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, and Binance Margin.”
After the announcement, the digital asset went from a seven-day high of $0.676 on July 9th down to $0.416 at time of writing, a 32 decrease during the last 24 hours.
Last month, LA saw the opposite happen to its price after gaining support from Coinbase, the top US-based crypto exchange. At that time, the asset saw a staggering gain of 216, going from a price of $0.253 on June 4th to a peak of $1.50 just a day later.
According to the development team behind Lagrange, the project consists of two protocols – the ZK Prove Network, which provides universal proving services for rollups, apps, coprocessors and interoperability – and the ZK coprocessor, which allows smart contracts to run intensive off-chain computations that can then be verified on-chain.
“The Lagrange Coprocessor is a powerful tool for working with blockchain data, especially when you need to ensure the correctness of your data queries.”
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