EducationalPost
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#Binance #BNB #ETH #btc
#EducationalPost
Technical Chart patterns help us to recognise the market will go up or down.
#EducationalPost
Technical Chart patterns help us to recognise the market will go up or down.
Hi Binance Square !
Kindly check my pinned post to read the first #EducationalPost
Yesterday we talk about Consensus Mechanism
where i already mention about how Proof of Work in $BTC works.
Today, let's dive in to other Consensus Mechanism in our Web3 Realm Right Now
- Proof Of Stake (PoS)
This type of consensus is used widely in ethereum based blockchain. Validators are required to hold and stake token for the privilege of being chosen as a validator.
The odds rely on the token stake size from each validator.
Imagine the chain "owner" having some super computational power computer (not one but not as much as PoW) this reduce the (1)energy costs, (2)Increase security and offering community control.
in the simplest terms. PoW investment is an expensive super computer, while in PoS you need to hold or stake some specific amount of token. in $ETH for example you need at least 32 ETH to be able to run node and consider as a validator.
The reward for validators is gasfee, while miners in bitcoin is given a block reward in form of #BTC itself.
If you heard about halving, then it's about the amount of BTC reward for the miners. Reduced by 50% in every cycle. Where the maximum supply of BTC is fixed at 21M Coins. That's why each halving make BTC Prices surges. Logically speaking, miners got less coin means that a single txn validating cost is also higher.
The increase price of BTC compensate the reduced reward for the miners.
That's for today.
No need to rush if you wanna learn a lot about Web3 and Blockchain.
I'll try to write educational content each and every day for you. I know it's difficult to understand. But, bear with me because i can tell that if you learn the basic. The rest gonna be easier for you.
Always, CMIIW and DYOR.
#WAGMI guys !
#Write2Earn
#Mistercuan168
Kindly check my pinned post to read the first #EducationalPost
Yesterday we talk about Consensus Mechanism
where i already mention about how Proof of Work in $BTC works.
Today, let's dive in to other Consensus Mechanism in our Web3 Realm Right Now
- Proof Of Stake (PoS)
This type of consensus is used widely in ethereum based blockchain. Validators are required to hold and stake token for the privilege of being chosen as a validator.
The odds rely on the token stake size from each validator.
Imagine the chain "owner" having some super computational power computer (not one but not as much as PoW) this reduce the (1)energy costs, (2)Increase security and offering community control.
in the simplest terms. PoW investment is an expensive super computer, while in PoS you need to hold or stake some specific amount of token. in $ETH for example you need at least 32 ETH to be able to run node and consider as a validator.
The reward for validators is gasfee, while miners in bitcoin is given a block reward in form of #BTC itself.
If you heard about halving, then it's about the amount of BTC reward for the miners. Reduced by 50% in every cycle. Where the maximum supply of BTC is fixed at 21M Coins. That's why each halving make BTC Prices surges. Logically speaking, miners got less coin means that a single txn validating cost is also higher.
The increase price of BTC compensate the reduced reward for the miners.
That's for today.
No need to rush if you wanna learn a lot about Web3 and Blockchain.
I'll try to write educational content each and every day for you. I know it's difficult to understand. But, bear with me because i can tell that if you learn the basic. The rest gonna be easier for you.
Always, CMIIW and DYOR.
#WAGMI guys !
#Write2Earn
#Mistercuan168
When the Head and shoulders fails you, look for entry here:
#TrendingTopic
#EducationalPost
#LearnAndGrow
#N4G
#decipheringyourchart
#TrendingTopic
#EducationalPost
#LearnAndGrow
#N4G
#decipheringyourchart
Today we’ll look at an important topic, namely, how the Fed works 👨💻
For a general understanding, the Fed is the US Central Bank, which influences the market by lowering or raising interest rates.
The Federal Reserve is located in the United States and prints dollars. The main task of the US Central Bank is to grow the US economy and, accordingly, control the level of inflation
By lowering interest rates, they provide people with cheap exports and affordable credit, which increases economic activity. This stimulates the economy and financial markets, but leads to inflation.
When interest rates rise, this, on the contrary, cools the economic situation. Central banks raise rates when inflation is high and GDP growth is very low.
All this is done to balance the dollar and the global economy.
Thus, if inflation is high, the Fed should change its priority from inflation to the economy, which will indicate further market movement.
It is important to understand that BTC 💰 traded against the dollar💵 , so the Fed has a special influence on it
#EducationalPost #looz_crypto
For a general understanding, the Fed is the US Central Bank, which influences the market by lowering or raising interest rates.
The Federal Reserve is located in the United States and prints dollars. The main task of the US Central Bank is to grow the US economy and, accordingly, control the level of inflation
By lowering interest rates, they provide people with cheap exports and affordable credit, which increases economic activity. This stimulates the economy and financial markets, but leads to inflation.
When interest rates rise, this, on the contrary, cools the economic situation. Central banks raise rates when inflation is high and GDP growth is very low.
All this is done to balance the dollar and the global economy.
Thus, if inflation is high, the Fed should change its priority from inflation to the economy, which will indicate further market movement.
It is important to understand that BTC 💰 traded against the dollar💵 , so the Fed has a special influence on it
#EducationalPost #looz_crypto
#EducationalPost
#BTC
Who invented Bitcoin?
Do You know?
Amazingly, nobody knows who invented Bitcoin. We only know them by their screen name - Satoshi Nakamoto. Satoshi could be a single person, a group of programmers, or if you believe some of the weirder theories, a time-traveling alien or secret government team.
Satoshi published a 9-page document in 2008, detailing how the Bitcoin system worked. Months later, in 2009, the software itself was released.
Please like and Follow our feed for more updates like this.
#BTC
Who invented Bitcoin?
Do You know?
Amazingly, nobody knows who invented Bitcoin. We only know them by their screen name - Satoshi Nakamoto. Satoshi could be a single person, a group of programmers, or if you believe some of the weirder theories, a time-traveling alien or secret government team.
Satoshi published a 9-page document in 2008, detailing how the Bitcoin system worked. Months later, in 2009, the software itself was released.
Please like and Follow our feed for more updates like this.
