Hi I'm Cryptobike.

Today, September 15, 2023 marked as my first journey in Binance Feed.

I've been in Crypto Since 2017.

I will post educational, technical analysis and other web3 contents here in my feed.
Let's keep #BUIDLing.

You can contact me on Telegram:
@cryptobike07

All of the target hit. 🥳
#BTC

Tips and Guides in Nodes Operations.

These are very useful basic commands in Linux(Ubuntu):

To know disk available storage:
df -h

To know ram memory:
top -i
free -h
vmstat

or
apt install htop
htop

Go back home:
cd

Find list of directory:
ls

Update:
sudo apt-get update

Upgrade:
sudo apt-get upgrade

Clear terminal or stop processing.
ctrl C

When using notepad: (nano)
To save and exit:
ctrl s
ctrl x

or
ctrl o
type y
ctrl x

Recommended skills:

Critical Thinking Skills
You paste the command, you read what is said in the terminal.
Not just copy and paste and you don't know what you are doing.

Reading Comprehension.

Follow instruction carefully.
Nodes documentation are very messy sometimes. Don't just read. Think also.

Able to use google and discord search.

You may encounter many problems, most of the problems are in google, google is your friend ,copy the errors in the terminal, find the answer in google, most of the answer are in forums like stack overflow.

You can also use discord search of the project you are with, ask the adminds/mods, people there or use discord search button.
Most of the problems are already encountered many times of different users.

Budget in VPS:
Some projects will run on 1-2 weeks for testing.
Some projects will run on 6 months to 1 year.
Have a plan ahead, don't be hype, do your own research.

Love what you are doing.
You will troubleshoot your nodes aslong as it is running. Some nodes run 6 months to 1 year, I know you can handle it, if you love what you are doing.
There will be different errors from time to time.
Take lecture, make notepads, you're lucky enough if the project is answering questions, most project are not answering technical questions like nodes you need to figure out on you own.

Thanks! Happy Learning in Nodes!
I am not a financial advisor, not an investment expert or guru. I don't promise for returns.
I am here for Web3 Education since 2017, let me share you my knowledge and skills for FREE.
#Nodes #web3 #validator #Onchain #blockchain

Bullish for $BTC this week.

Uptrend Continuation.
Going Wave 3.

$ETH $
💡Simplified breakdown of different ZK-EVM types:

📍Type 1: Fully Ethereum-equivalent
- Aims to mirror Ethereum exactly, but proving transactions is time-consuming due to Ethereum's non-ZK-friendly design.

📍Type 2: Fully EVM-equivalent
- Similar to Type 1 but modifies certain structures for faster proof generation, sacrificing full Ethereum compatibility.

📍Type 2.5: EVM-equivalent with adjusted gas costs.
- Increases gas costs for complex operations to speed up proofs but might cause minor incompatibilities.

📍Type 3: Almost EVM-equivalent
- Sacrifices some features for faster proof generation, improving compatibility over time.

📍Type 4: High-level language equivalent
- Converts high-level code directly into ZK-SNARK-friendly language for very fast proofs but might lack full compatibility with existing EVM-based applications.

The goal is for ZK-EVMs to evolve towards Type 1 for perfect Ethereum compatibility, allowing various paths to scale Ethereum and ZK-rollups. Different projects are exploring these types, with potential shifts between them as they improve over time.

2024 will be an exciting year, most of the Zero-Knowledge Proofs are finished and coming to Mainnet, solving some of the problems here in Web3.

#Web3 #Layer2Chains #ZeroKnowledge #zkRollup #ETH

The trending #Meme.
https://www.memecoin.org/farming
Try getting points. It maybe useful once launch. Good luck!

Fellow Binance Square Creators.
Don't forget. 🥳

Join now in #BinanceAcademy

🔎Let's explore DEFI. 🚀
#DeFi #DeFiChallenge

Emerging DeFi trends #DeFiTrends
What's Happening in Decentralized Finance?
1. Layer 2 Scaling: Solutions to reduce high fees and congestion on Ethereum.
2. Cross-Chain: Making it easy to use assets across different blockchains.
3. NFTs in DeFi: Non-fungible tokens are now collateral and part of DeFi apps.
4.Automated Market Makers: Innovations in AMMs for better trading.
5. Decentralized Identity: Building trust and privacy for users.
6. Decentralized Oracles: Ensuring data reliability for smart contracts.
7. Sustainable DeFi: Eco-friendly solutions to address environmental concerns.
8. Regulatory Adaptation: DeFi projects seeking clarity on regulations.
9. DAOs: Evolving decentralized governance models.
10.Insurance: Protecting against risks in DeFi.
These trends reflect DeFi's growth, adaptability, and its impact on the financial world. #DeFiTrends #DeFiChallenge #DeFi #layer2
$BIFI $ETH $XRP

The Growth of #CrossChainInteroperability
Cross-chain interoperability is reshaping the blockchain landscape:
1. Liquidity and Mobility: Assets can move freely between blockchains, enhancing liquidity.
2. Scalability and Functionality: Networks can share the load and specialize for various functions, improving scalability and utility.
3.Expanding Ecosystems: Collaboration between blockchains leads to diverse ecosystems, supporting numerous use cases.
4.User-Friendly: It simplifies user experiences by enabling easy interactions with multiple chains.
5. Security and Inclusivity: Diversifies risk, promotes global adoption, and fosters financial inclusion.
6. Innovation and Competition: Spurs innovation and competition across the blockchain industry.
In summary, cross-chain interoperability is a game-changer, offering efficiency, security, and access in the blockchain world. #CrossChainInteroperability.
#DeFiChallenge #DeFi #crypto2023 $BTC $ETH $BNB

Importance of Community in Tokenomics and Governance #Tokenomics
1. Decentralization and Consensus:
- In tokenomics, community involvement through mechanisms like staking and voting ensures decentralization and trust in the network.
- In governance, active community participation in decision-making safeguards against centralization and promotes collective decision power.
2. Network Security:
- Token holders participating in tokenomics by staking their assets strengthen network security, deterring malicious actors.
- Engaged communities play a pivotal role in securing the integrity and stability of the network through effective governance.
3. Project Development and Growth:
- An active community drives adoption, contributes to development, and advocates for the project, fostering growth.
- In governance, the community's involvement in decision-making fuels innovation and sustainability.
4. Trust and Credibility:
- A strong, engaged community enhances a project's credibility, building trust among investors and users.
- Transparent and community-driven governance processes promote trust, attracting and retaining stakeholders.
In summary, a committed community is pivotal for the security, development, credibility, and overall success of blockchain projects' tokenomics and governance.
#crypto2023 #Community #Governance #DeFiChallenge
$ETH $BIFI $XRP

DeFi vs CeFi #DeFiCeFi:
Understanding the Key Differences
1: Decentralization
DeFi (Decentralized Finance): DeFi operates on decentralized blockchain networks, removing the need for intermediaries like banks. Smart contracts and decentralized platforms facilitate financial services, offering transparency and accessibility to anyone with an internet connection.
CeFi (Centralized Finance): CeFi, on the other hand, relies on traditional financial institutions like banks or centralized cryptocurrency exchanges. These institutions act as intermediaries in financial transactions and services, controlling user funds and data.
2: Control and Privacy
DeFi: In DeFi, users have greater control over their assets and data. They interact directly with blockchain protocols, which are transparent and often pseudonymous. While transactions are visible on the blockchain, user identities are not always disclosed.
CeFi: CeFi services require users to entrust their funds and personal information to a central authority. These institutions control access to funds, and transactions and user data are subject to their management and potential regulatory requirements.
3: Innovation and Accessibility
DeFi: DeFi has spurred rapid innovation in the financial sector, resulting in a wide range of new financial products and services. It offers global accessibility, potentially serving the unbanked and underbanked populations, and is known for its openness to anyone with an internet connection.
CeFi: Traditional financial institutions are often slower to adopt new technologies and may have limited accessibility, particularly for those in underserved regions. CeFi is subject to regulatory frameworks, which can affect innovation and accessibility.
In summary, the choice between DeFi and CeFi depends on an individual's priorities. DeFi emphasizes decentralization, user control, and innovation, while CeFi offers the stability and regulatory protections associated with traditional financial institutions.
#DeFiChallenge #Defi #crypto2023 #Cefi $BNB $XRP $ETH

DeFi vs. Traditional Banks: 3 Key Differences
#DeFiMeme
1. Accessibility and Inclusion:
- DeFi: Decentralized Finance is accessible to anyone with an internet connection, providing financial services globally. It's especially valuable in underserved regions where traditional banks may be absent or inaccessible.

- Banks: Traditional banks often require physical presence or extensive documentation, excluding individuals who lack access to these facilities.
2. Transparency and Control:
- DeFi: DeFi operates on blockchain technology, offering transparent and immutable transactions. Users have more control over their assets and can track their transactions in real-time.
- Banks: Traditional banks often lack the same level of transparency, with transactions and account activities hidden behind complex systems. Users have less direct control over their finances.
3. Innovation and Speed:
- DeFi: DeFi fosters innovation by enabling the creation of new financial products and services. Transactions are often faster, and users can engage in yield farming and trading seamlessly.
- Banks: Traditional banks can be slower to adopt new technologies, leading to delays in services and less flexibility in financial product offerings.
While DeFi offers accessibility, transparency, and innovation, traditional banks provide stability, regulatory protections, and physical branches for some users. The choice between the two often depends on an individual's needs and preferences.
#DeFiChallenge #DeFi #Banks #crypto2023
$BTC $ETH $BNB

Impact of Ethereum 2.0 on DeFi #DeFiEthereum2.0

Ethereum 2.0 (Eth2) is set to revolutionize DeFi in several key ways:
1. Scalability:Eth2's new technology allows for more transactions, reducing congestion and high fees, making DeFi apps faster and cheaper to use.
2. Enhanced Security: Eth2's Proof of Stake mechanism improves network security, making DeFi safer for users.
3. Sustainability: It's more eco-friendly, aligning with growing environmental concerns.
4. Improved User Experience: DeFi on Eth2 is more user-friendly with fewer hiccups.
5. Broader Adoption: Eth2's appeal can attract more DeFi projects and users.
Challenges include a complex transition, compatibility issues, and the need for the DeFi community to adapt to these new features.

In summary, Ethereum 2.0 promises to make DeFi more efficient, secure, and accessible, although challenges lie ahead.
#Ethereum #DeFiChallenge #DeFi #crypto2023
$BTC $ETH $BNB

DeFi going mainstream #DeFigoesMainstream

DeFi (Decentralized Finance) is making a significant shift from a niche market to mainstream adoption. Here's why:
Accessibility: It's open to anyone with an internet connection, making it inclusive, especially in underserved regions.
Global Reach: It operates without geographic limitations, making it accessible worldwide.
Innovation: DeFi is driving financial innovation, with new products and services like decentralized exchanges and lending platforms.
Transparency: Transactions are transparent, building trust and reducing fraud risks.
Financial Inclusion: DeFi is a bridge to financial services for the unbanked and underbanked.
Interoperability: Platforms are becoming more interconnected, offering a seamless user experience.
Improved User Experience: As DeFi evolves, it's becoming more user-friendly.
Challenges include regulation, security, and scalability. Despite these challenges, DeFi is well on its way to reshaping the financial landscape.

#DeFiChallenge #DeFi #cryptocurrency #Mainstream $

$BTC $ETH $BNB

My experienced using #CryptoTradingBots .
I been lucky to have a chance to experienced trading bots use in Market-Making Services.
I will explain how market-making works:

Market Making:
A market maker (MM) is a firm or individual who actively quotes two-sided markets in a security, providing bids and offers (known as asks) along with the market size of each.
In simple term:
Imagine a two person Jack and Jill. Jack is selling his drum and looking for a buyer while Jill is looking for a drum.
Then a pawnshop is providing service for buy/sell on what they want(providing liquidity) and a fair price, based on the demand for used guitar in the town.(spread reduction)
The pawnshop will be paid for this service by the difference in price he paid to Jack and the price he received from Jill(spread size).
" A market maker, like a pawnshop owner, provides the same kind of service in financial markets.
He provides liquidity and helps to reduce bid-ask spread sizes, taking his profits from the difference between his buy and sell orders (spread)."

I basically,
Run Hummingbot in Binance via Docker and Source.
I did using real USDT funds provided by the company in BTC/USDT pair.
It was fun and exciting.

#DeFiChallenge #xrp #BTC #tradingbots
$BTC $ETH $BNB

The Future of DeFi #FutureofDeFi
DeFi, short for Decentralized Finance, is reshaping the financial world.
It's all about using blockchain technology to create financial services and applications without the need for traditional banks.
The key features of DeFi include accessibility, transparency, security, and innovation.
Here are the 3 concepts I learned in DEFI:
1.DeFi Applications
DeFi has given rise to decentralized exchanges, lending platforms, yield farming, and stablecoins, offering users a wide range of financial tools.
2.Challenges and the Road Ahead
DeFi faces challenges such as regulatory hurdles, security concerns, scalability, and user experience. Overcoming these challenges is crucial for its continued growth.
3. The Future of DeFi
DeFi's future looks promising. It could see mainstream adoption, improved user experience, enhanced security, and greater financial inclusion. DeFi has the potential to make finance more accessible and transparent, changing the way we manage our money and investments. Stay informed and exercise caution as this financial revolution continues to evolve.

#DeFiChallenge #BinanceSquare #crypto2023 #DeFi
$BTC $BIFI $ETH