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What types of posts would you like to see more of on Binance Square? Select your preference below! Comment for any suggestions!
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🚀 Big News: BEP 336 Upgrade is Coming to $BNB Chain! 🔥 Hey CryptoCandid Community! 🌟 Exciting changes are coming to BNB Chain with the BEP 336 upgrade, launching on June 20, 2024. What’s BEP 336? BEP 336 is a new update inspired by Ethereum’s tech, aiming to make transactions on $BNB Chain cheaper and faster. It does this by introducing something called "Blob-Carrying Transactions" (BlobTx). 💡 How Does It Work? 1. Blobs Explained: - Think of a blob as a temporary storage bin for large chunks of data (up to 128 KB each). - Instead of checking each transaction one by one, the network only checks the data in these blobs. This saves a lot of processing time and cost. 2. Benefits: - Cheaper Transactions: By reducing data storage needs, transaction fees could drop by up to 90%. More savings for everyone! 💸 - Faster Network: With less data clutter, the blockchain runs smoother and quicker. 🚀 3. New Features: - Blob Market: Like an auction, it balances costs based on how many blobs people want to store. - Security Layer: Extra checks to make sure the blob data is accurate and secure. 🛡️ BEP 336 and BNB Greenfield This update also boosts BNB Greenfield, BNB Chain’s decentralized storage system. Greenfield will use blobs for efficient, large-scale data storage, helping apps handle data better. What’s Next? With BEP 336, expect cheaper, faster transactions, and a better experience on BNB Chain. This upgrade is a huge step for both users and developers, making the blockchain more user-friendly and efficient. 🎉 Stay tuned for more updates and get ready for a smoother ride on $BNB Chain!🚀 #CryptoCandid #BEP336 #BNBChain #BlockchainUpgrade #CryptoTech #Binance

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Discover Pendle (PENDLE): Unlocking Yield Opportunities on Binance! 🌟

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Nvidia surpassing Microsoft in market cap marks a pivotal shift in the tech landscape. With a market cap over $3.3 trillion, Nvidia's dominance in AI chips underpins its rise. As AI drives new tech advancements, Nvidia's role in the industry is undeniable, even outpacing tech giants like Microsoft. For more insights, check out Wallet Investor’s full post below: #Nvidia #AI #MarketCap #TechNews #CryptoCurrencies

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🚀 Golden Opportunity: Why Now is the Perfect Time to Stock Up on Your Favorite Coins on Binance! 🚀

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Airdrop Guide: Unlock the Potential of Crypto Airdrops Hey crypto fans! 🪂 CryptoCandid here, breaking down crypto airdrops and how you can benefit from them. What are Crypto Airdrops? Airdrops are free token distributions by blockchain projects to raise awareness and reward users. Types of Airdrops: 1. Standard Airdrops: Tokens given to users with minimal action. - Example: Stellar Lumens (XLM) to Bitcoin holders. 2. Bounty Airdrops: Tokens for completing tasks like social media engagement. - Example: BitTorrent (BTTC) rewarded social tasks. 3. Holder Airdrops: Tokens for holding specific cryptocurrencies. - Example: Uniswap (UNI) for protocol users. 4. Exclusive Airdrops: Tokens to select groups (e.g., early supporters). - Example: 1INCH for DEX users. 5. Fork Airdrops: Tokens from blockchain forks. - Example: Bitcoin Cash (BCH) from Bitcoin. Notable Airdrops: - Uniswap ($UNI ): 400 UNI to users, valued at over $12,000 at peak. - Ethereum Name Service ($ENS ): Tokens to .eth domain holders. - Stellar Lumens ($XLM ): $125 million worth distributed to Bitcoin holders. Strategies: 1. Stay Updated: Follow projects on Twitter, Reddit, Telegram. 2. Use Aggregators: Check Airdrop Alert, Airdrops.io. 3. Join Communities: Participate in Discord/Telegram groups. 4. Prepare Your Wallet: Have a compatible wallet ready (e.g., MetaMask). 5. Beware of Scams: Verify airdrop legitimacy before participating. 6. Engage with Projects: Use apps, join governance, or provide feedback. Get ready to explore, earn, and enjoy the world of crypto airdrops! 🚀 #AirdropGuide #BinanceTournament #altcoins #BTC #bitcoin #CryptoCandid For a more detailed explanation, check out my article Airdrop Guide

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