What is DELEGATION?

Delegation is the process of delegating staking duties to validators or staking providers. Delegators receive a share of the profits but do not control the nodes.
For example: On the Solana network, users delegate their SOL tokens to validators.
Advantages:

No technical knowledge required.

Can be started with a small investment.

Risks:
Depends on the reliability of the validator.

Provider fees
#commission $BTC

Newcomers to Binance come across a number of terms and have difficulty understanding them. Just like me. That is why I will devote a large space to explaining these terms in my blog. Let's see what is Solo-staking?

Solo-staking is staking cryptocurrency independently, without intermediaries. The user launches his own node and confirms transactions on the network, creating new blocks. For example, to become a validator on the Ethereum network, a minimum of 32 ETH is required.

Advantages:

Full control over funds.

No commission is paid to intermediaries.

Risks:

Technical difficulties (hardware and software required).

Penalties for errors (slashing).

#steking

How does EigenLayer work?

EigenLayer is a protocol that allows for the reuse of staking resources on the Ethereum network. It is implemented through the concept of restacking: users can offer their already staked ETH (e.g. via Ethereum Proof-of-Stake) as collateral for other applications or blockchains. This does not require leaving the Ethereum ecosystem.

EigenLayer supports new projects and blockchains without the need to build their own network by using Ethereum’s existing security mechanisms. In return, restacking users earn additional rewards from these new protocols.

How EigenLayer works:

1. A user stakes their ETH via Ethereum PoS.

2. Those ETH are “restacked” via EigenLayer.

3. Restacked funds are used as collateral for the operation of new protocols (e.g. for oracles or scaling solutions).

4. The user receives rewards for both the basic staking and the restacking.

However, if a user supports an insecure protocol, their funds can be confiscated (slashing).

What are modules in EigenLayer?

Modules in EigenLayer are individual components or protocols that use EigenLayer resources for security. These include decentralized oracles, sharding solutions, bridges, or scaling solutions. EigenLayer acts as a base layer that provides the infrastructure for these modules to operate.

#eigenlayer

What is staking?

Staking is the process of locking your cryptocurrencies on a specific platform (e.g. Binance). This is done to support the blockchain network, and in return you are rewarded. It is a kind of deposit in a bank: you lock up your tokens and in return you get additional income.

For example, in Proof-of-Stake (PoS) networks, your tokens are used to confirm transactions and create new blocks. The more tokens you stake, the more chances you have to get rewards.

What is restacking?

Restacking is the process of adding the rewards you receive from staking back to your main balance, generating more income. The rewards are automatically added to the stake, which increases your income due to compound interest.

What is a blockchain?

A blockchain is a digital and distributed ledger where transaction data is stored. Each piece of information is collected in a block, and these blocks are linked together, creating a chain. Blockchain is a decentralized system, meaning that data is stored on multiple computers (nodes). This ensures the security and immutability of the system.

#2024withBinance
Actually, although I registered on Binance a long time ago, I have been actively involved for the last 2 weeks. The first token I bought was Pepe. I think it is very promising. I believe that those who bought Pepe now will become people with quite large capital in the near future.

Another activity I did was writing articles on Binance. I learn by writing, I practice. I write texts in Azerbaijani to create a relevant audience in Azerbaijan. Here, everyone can express themselves and their thoughts in their own language. 🤗

I am also currently learning with #BinanceAcademy , I watch a number of videos, anyone can earn on this platform, you just need to spend a little effort and time.

Are you new to Binance?

Latest World Economy and Cryptocurrency Exchanges

Events in the world economy shape the direction of cryptocurrency exchanges. Rising inflation levels, central bank decisions and global trade trends affect stock market trading volume and prices.

The Binance platform has all the tools to take steps to adapt to these changes:

Daily analyses: follow world economic news to make an informed decision.

Trading strategies: learn how to make profits using volatilities.

Tutorials and resources: a knowledge base for everyone from beginners to experts.

In general, Binance is a great choice as an additional or even main source of income.

#Economics $BNB

Hi, friends! I have already purchased Pepe, but now I am looking for a new and promising coin. Binance members, I trust your experience! Which coins do you think have high growth potential? I would be glad to receive your recommendations.

#PEPE✈ $DOGS

The key to cryptocurrency: What is Binance and why should you use it?

Friends, what comes to your mind when you think cryptocurrency? Bitcoin? Ethereum? Or "what is crypto?" your friends who asked the question? Don't worry, learning the language of this world is very easy with the help of Binance.

Let's get one thing straight: What is Binance?
Simply put, Binance is a universal marketplace for cryptocurrency. Here you can buy and sell Bitcoin, invest in Ethereum, or even invest in some "interesting" crypto project - for example, Pepe - like me.

How does it work?
1️⃣ First of all, you register. It's as easy as creating a social network account.
2️⃣ You deposit money and buy cryptocurrency. You can even start with as much money as you spend on sugar for your tea.
3️⃣ Later, you see that the prices are rising, and you sell your cryptocurrency. That simple!

What else can you do on Binance?

Staking: You "invest" crypto, earning interest as if you deposited money in a bank.

NFTs: The place to buy and sell digital art!

Useful information: "What is Crypto?" at Binance Academy There are simple lessons.

Let me give you a piece of advice:
When you download and enter Binance, the first question you'll always ask yourself is, "What's all this?" But don't worry, you will understand everything little by little. In the end, you'll be telling your friends, "Crypto has a future." 😉

#Cryto $ETH

Bitcoin the currency of the future?

Bitcoin is no longer just a novelty for tech enthusiasts, but also the focus of states and economies. It raises the question of how this decentralized digital currency will occupy a place in the financial policies of states in the future.

Some experts believe that BTC could be a "universal money that crosses national borders". For example, famous economist Saifedean Ammous points out that bitcoin is a global solution for financial freedom. He states that bitcoin is a currency that is not affected by the inflationary policies of central banks.

At the same time, there are those who say that bitcoin is not a threat, but an opportunity for states. El Salvador has already accepted bitcoin as an official means of payment, a move that has had a positive impact on tourism and investment. So some countries see it as "digital gold".💰

But everything is not so simple. Some critics say that because bitcoin creates complete anonymity, it opens the door to tax evasion and illegal activities. On the other hand, this raises the need for many states to control cryptocurrency.

So what do you think?
Could bitcoin be integrated into the financial system of states in the future? Or will it always remain free and independent? 🤔

Do you think Bitcoin will integrate into state financial systems in the future?👇

#BTC☀ $BTC

Let's review together the brief information about Altcoins.
What are Altcoins and why are they popular?
"Altcoins – is the general name of all cryptocurrencies created in contrast to Bitcoin. Currently, there are thousands of altcoins on the market, and each of them is distinguished by unique technologies, purposes and areas of use. For example:

Ethereum (ETH): The main platform for smart contracts and DeFi (decentralized finance) applications.

Cardano (ADA): Seeks to create a blockchain that is faster and more environmentally friendly.

Pepe: As Memecoin, it is popularized by community support.

Altcoins are not only an investment tool, but also tools that enable the development of blockchain technology. Their value often fluctuates depending on supply and demand and technological innovations.
#pepe⚡ $ETH

Greetings to those who take their first steps into the world of cryptocurrency. I thought that my first article should be in Azerbaijani. Like you, I'm new to Binance! Now I am learning about BTC (Bitcoin), the most popular cryptocurrency. Bitcoin has a limited supply (only 21 million) and its value is based on the balance of supply and demand. The most interesting thing is that Bitcoin is a decentralized currency – it is not controlled by any government!
Meanwhile, I bought Pepe and continue to study the market.
Pepe is a token and was created inspired by meme culture. Pepe Token belongs to the "memecoin" category among cryptocurrencies. Its main purpose is to be a source of entertainment and attention in the community, rather than a serious financial value.
Note that Memecoins are highly risky because their prices can change rapidly. But they can also provide an opportunity to make a quick profit.

It would be interesting to know your thoughts about this token.

#pepecoin🐸 $BTC
$PEPE