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Crypto speak: Bitcoin maximalists Bitcoin maximalists, or “maxis,” are people who believe that Bitcoin (BTC) is the only necessary cryptocurrency. They view BTC as the truest form of digital currency that follows the original philosophy of Satoshi Nakamoto the pseudonymous creator of Bitcoin. Bitcoin maximalists often claim that the decentralization, finite supply, and security of Bitcoin make it the ultimate digital store of value — or, as many call it: “digital gold.” They usually consider other cryptocurrencies, or “altcoins,” inferior or unnecessary, believing that Bitcoin will eventually lead in all blockchain use cases. Do you think we need other coins besides Bitcoin?
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The Power of Issuance Issuance is the lifeblood of any cryptocurrency, dictating the creation and distribution of new coins according to predefined economic rules. This process is pivotal for controlling the supply of the currency and its impact on the overall economy. Take Bitcoin, for example. Bitcoin’s issuance is managed by a decentralized network of nodes adhering to a fixed protocol. Each time a new block is added to the blockchain, a certain number of new Bitcoins are created and awarded to the miner who solved the complex mathematical puzzle, thereby securing the network. Issuance is vital for regulating the money supply, preventing inflation, and maintaining the currency's value. It also underpins new economic models, such as proof-of-stake and decentralized finance (DeFi), which depend on the issuance of new tokens to operate. By understanding issuance, we gain insight into the dynamics of cryptocurrency economies and their potential to transform the financial landscape. $BTC
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#Binance200M yourself to be so focused on living in peace, getting paid, and walking in purpose that you have no time to worry about people pleasing, pettiness, or irrelevant opinions.#bitcoin $BTC
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Crypto Speak: Bounty campaigns These are various reward techniques aimed at attracting new users. They usually involve tasks and rewards for completing them. This is how it goes down: You subscribe to a crypto project’s social media and then, say, perform some actions on the platform. For completing tasks, you may be rewarded with bonus coins or given a chance to participate in a draw for valuable NFTs or tokens. $BTC #Binance200M
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Are there really anonymous cryptocurrencies? In a previous post, we told you that most blockchains, such as Bitcoin and Ethereum, are “pseudonymous.” However, there are also completely private projects that have made it impossible to track transfers. Let’s take the example of the Zcash cryptocurrency, which has advanced cryptography and the highest level of confidentiality. Zcash uses a cryptographic protocol called zk-SNARKs. With the help of this technology, users can make completely private transactions when the sender, recipient, and cost of transactions can be hidden on the blockchain. At the same time, privacy on Zcash is optional; users can choose between “transparent” transactions (like Bitcoin) and “hidden” transactions, providing a balance between transparency and privacy. The world of blockchains is diverse. Research shows that most users do not strive for 100% anonymity; however, the industry does offer solutions for true cypherpunks as well.😎#Binance200M #BnbAth $BNB
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