How Does Binance Coin Work?
Like other digital assets
available on the market, the
value of BNB changes as
people use and trade it.
BNB can be kept in suitable
wallets purchased from
cryptocurrency exchanges
and delivered straight to
others for payment or other
uses. But there is a whole
working initiative behind this
process.
Binance's layer-1 blockchain
is merged to form the BNB
Chain, previously the Binance
Smart Chain and the Binance
Chain.
Binance designed the
blockchain for best
performance when it comes
to trading on-chain when
building the BNB chain, and
Binance DEX, Binance's
decentralized exchange
(DEX), is based on this newly
developed chain.
Furthermore, BNB chain
transactions are powered by
the BNB gas token, which
stands for "Build and
Build" (previously known as
Binance Coin). #FollowForUpdates #BinanceWish #BNB-0.53%

What Is P2P Trading?
P2P trading , also known as peer-to-peer or person-to- person trading , is one of the most common ways users can buy, sell, and trade cryptocurrency. P2P trading is also in line with Bitcoin’s founder Satoshi Nakamoto’s idea of Bitcoin being a peer-to- peer electronic cash system. Originally, it allowed you to trade directly with another party without using centralized exchanges. The exchange could occur in person or online communities where buyers and sellers meet. P2P soon became a popular mode of crypto trading due to a lack of trading options during crypto’s early days.
However, older P2P models also came with risks. In-person and online trading sometimes led to thefts, threats, and scams. To make P2P trading safer for new potential traders, Binance started Binance P2P.
Binance P2P
Launched in 2019, Binance P2P was created to enable P2P currency exchange transactions with local currencies. The service is a peer-to-peer marketplace that allows you to directly trade cryptocurrencies, with other Binance users using your preferred local currency, price and payment method.
With Binance facilitating the process and providing some safeguards, the P2P trading process is significantly improved. The platform today is the easiest gateway to access crypto with over 85 local currencies available to users, and over 300 flexible payment methods.
P2P Beginner’s Glossary
What is a Funding Wallet?
Binance has various wallets for different trading purposes. Originally, when users started P2P trading on Binance, they had access to a P2P Wallet. Now, Binance has migrated P2P Wallets to Funding Wallets. Crypto purchased from P2P trading will be transferred to your Funding Wallet. #p2pbuysell #BinanceTournament #P2Ptradding #BinanceTrends

What is Ripple and how does it work? A beginner's guide to XRP
Ripple is a company that aims to provide cross-border payment solutions to banks and financial institutions.

The company's business resolves around XRP +5.07%
, the native cryptocurrency of the XRP Ledger. Ripple uses XRP as a bridge currency to facilitate the transfer of value between different fiat currencies for its customers. Anyone can also make transactions of XRP across its network.

This article provides a comprehensive understanding of Ripple and XRP.

What is XRP?
XRP is a digital currency that was designed to offer an alternative to Bitcoin. It was conceived with a specific focus on enabling rapid, low-cost cross-border transactions. This is something that most cryptocurrencies can do — with caveats regarding fees and block times — but Ripple's goal is to provide this function as a service to businesses.

Unlike Bitcoin, which depends on a proof-of-work consensus mechanism, XRP operates on a consensus mechanism based on the Federated Byzantine Agreement (FBA) model. This model does not necessitate mining or staking to validate and record transactions. Instead, it relies on trusted validator nodes, collectively known as the Unique Node List (UNL), to achieve consensus and maintain the transaction ledger every 3 to 5 seconds.

One of the unique aspects of XRP is that it was pre-mined at a very early stage of its development. A total of 100 billion XRP tokens were pre-mined and made available in 2012.

How does XRP work?
XRP represents an innovative approach to blockchain technology and financial services. Understanding how it works can help users navigate the evolving landscape of digital finance, whether as consumers, investors, professionals or entrepreneurs.

Consensus algorithm: Unlike many other blockchain networks that use proof-of-work or proof-of-stake, Ripple utilizes an alternative consensus algorithm. This means that transactions on the Ripple network are validated by a group of trusted validators.

#XRPBreakout #BinanceTournament #JTO #XRPUpdate