How can I buy Bitcoin?

So you've learned the basics of Bitcoin, you're excited about its potential and you want to buy it. But how?

One easy option for buying Bitcoins is through a cryptocurrency exchange platform. As the name suggests, these allow you to buy and sell cryptocurrencies using fiat money or other digital currencies.

To buy Bitcoins on an exchange platform, you will need to open an account on the platform. In addition, you may need to go through know-your-customer (KYC) and anti-money laundering (AML) procedures. These are basic background checks to let the crypto exchange know that you are who you say you are. Generally, it involves sending your official ID and proof of address.

If you plan to buy a significant amount of Bitcoin, it is best to move your funds to an offline wallet or hardware that does not belong to the exchange platforms.

How to store your Bitcoin?

Just like with your bank account or physical wallet, you need a place to store your Bitcoin after you buy it. It is stored in digital wallets, a type of software that connects to the Bitcoin network. Just as bank cards have account numbers, digital wallets have a unique address that is shared with others when you make transactions.

In addition, there are different types of wallets to store your Bitcoins, each offering its own advantages and disadvantages.

There are basically two main categories: Hot or active wallets: these wallets are connected to the Internet and are usually available online or on your smartphone.

Cold Wallets: these types of wallets are not accessible via the Internet. It may involve physical devices (such as a USB stick), where Bitcoin and other cryptocurrencies are stored securely offline.

How to sell Bitcoin?

Similar to buying Bitcoin, there are several options when it comes to selling them.

You can buy Bitcoin directly from cryptocurrency exchange platforms, Bitcoin ATMs, P2P marketplaces or traditional brokers. Likewise, you can also sell the cryptocurrency through any of these channels, with the exception of some Bitcoin ATMs.

You can sell your Bitcoin, on the exchange platform or broker where it was purchased, by placing a sell order. As the name suggests, a sell order is an instruction to a broker (cryptocurrency exchange platform) to sell an asset at a given price.

Bitcoin can also be exchanged or swapped for other cryptocurrencies or stable coins, such as Ether or Tether (respectively). This is useful if you want to profit from your Bitcoin investment or prevent the value of your portfolio from decreasing.

#BinanceTournament #Bitcoin #Payments #Education #APfinanciero

Where we are and where we aim to be in the short term?

While certain individuals remain focused on a reductive view based solely on increasing the burn tax as a solution to all blockchain problems, I personally advocate another vision, which is guided by the following foundations:

1. Education and Awareness

2. Partnerships and Integrations

3. AI integration

4. User-Friendly Interfaces

5. Incentives and Rewards

6. Marketing and communication

7. Community Building

8. Evolution and adaptation to market needs

All this will enhance the increase of utility, solve everyday problems, streamline processes, facilitate business transactions, to the extent that it will reduce costs and time in payment processes, enhance the globalization of financial transactions, (faster transparent, secure and tamper-proof).

Since the collapse of TERRA LUNA in May 2022, a set of developers, coupled with #Binance and CZ's support in periodic burnings, as well as in other projects currently underway, not forgetting the huge community. All of them have come day after day building 24/7 in order to recover and update the blockchain, so that it returns to operate at 100% and position itself again at the top of the most stable, secure, fast and decentralized cryptocurrency network blockchains L1, integrated into the Cosmos ecosystem.

We must not forget that it is essential that in the short term we move forward with the repeg to the USTC stablecoin or similar, in order to allow it to be used as a medium of exchange for payments, where merchants can accept for example $USTC / YUAN/ EUR, etc. Derivate payments from customers, and customers can use USTC (or similar) to pay for goods and services online or in person, and also use $LUNC on #binancePay Service.

https://twitter.com/i/status/1664391667288342531

Therefore, and very succinctly, I leave here foundations that should be worked and outlined, rather than other irrelevant topics that in no way translate into medium and long-term efficiency gains for blockchain.

· #Education and Awareness:

One of the most important steps in generating mass adoption of Terra Luna Classic is to educate and raise awareness among consumers. This can be done through social media campaigns, educational content, and community outreach programs.

· Partnerships and Integrations:

Terra Luna Classic can partner with merchants and payment processors to integrate UST / EUR/ YUAN payments into their existing payment systems. This can help to increase the number of merchants that accept UST payments, making it easier for consumers to use the platform.

· AI integration:

AI has the potential to bring several upgrades to the Terra Luna Classic Blockchain including:

o Fraud Detection, analyze transaction patterns and detect unusual behavior that may indicate fraud, helping to increase the security and trust of the network.

o Predictive Analytics, analyze market trends and predict the price movements of cryptocurrencies like LUNC. This information can be used to make better investment decisions, or to provide more accurate price information for users of the platform.

o Automation, including transaction processing and verification, customer support, and compliance checks.

o Personalized Services, analyze users transaction histories and provide personalized investment advice or other recommendations based on their preferences and behavior.

#Blockchains + AI = Decentralized Artificial Intelligence

https://mediacenter.ibm.com/media/Integrating+AI+%2B+Blockchain/1_kbjjqzk9

· User-Friendly Interfaces:

Focus on creating a user-friendly interface that makes it easy for consumers to use the platform. This includes creating mobile apps, intuitive user interfaces, and providing customer support to help users navigate the platform.

· Incentives and Rewards:

Encourage users to adopt and use the platform. Staking rewards, referral programs, and other incentives that encourage users to hold and use #LUNC and the Pegged Stablecoin.

· Marketing and communication:

o Define the Target Audience

o Developing a Clear Value Proposition

o Create Engaging Content

o Leverage Influencers

o Engage the Community

o Utilize Paid Advertising

o Monitor and Evaluate Performance

· Community Building:

Creating online forums, hosting meetups and events, and fostering a sense of community among users.

· Evolution and adaptation to market needs

Through the implementation of the foundations, we will be putting Terra Luna Blockchain at the forefront of technological evolution which will consequently correspond to the demands and needs of the market, thereby enhancing the global mass adoption of Luna Classic, solving problems day by day, and detaching this chain as a leader in the payment system and cryptocurrency network that can be used for a wide range of applications.

06-23–2023

DOMINIUM

If Bitcoin mining is an essential process to run the blockchain system, how would we motivate people around the world to participate in the work of validating transactions? This is accomplished through a reward system.

Here's how it's explained in the book, Mastering Bitcoin:

Miners receive two types of rewards for mining: new coins created with each new block and a commission for transactions included in the block. To earn this reward, miners must compete to solve a complex mathematical problem, based on a crypto hash algorithm. The solution to the problem, called proof of work, is included in the new block and acts as proof that the miner put in significant computational effort."

A Bitcoin miner can earn new coins and commissions for transactions on the block created by the mining work. This maintains Bitcoin's security model.

What happens when all the Bitcoins are mined?

The Bitcoin supply is limited to a final cap of 21 million. This is determined by Bitcoin's source code, programmed by its creator(s), Satoshi Nakamoto, and cannot be changed.

Once all Bitcoin is mined, the amount of coins in circulation will remain at that level permanently.

The implication as the Bitcoin supply limit is approached and ultimately reached will be that mining will become much less profitable. But the process will go on for more than a century.

Bitcoin miners will still be rewarded at that point, but only through transaction fees and not with new coins.

Reaching the supply limit will probably drive up the price of Bitcoin, as long as demand continues to grow; since, anyone wishing to buy Bitcoins will have to obtain them from someone else, giving sellers control over their price.

#BinanceTournament #Bitcoin #Mining #Education #APfinanciero