🔍 Analyse fondamentale des crypto-monnaies. 🚀 Décryptage des projets, évaluation des fondamentaux et tendances du marché. 📊 #Crypto| #Blockchain| #Tokenomics
let's talk about the native token of the binance centralised exchange platform
(1) Reducing transaction costs on Binance There are many uses for the BNB, and they tend to increase over time. However, the majority of investors use it solely to reduce their costs when trading on Binance. Let's take a closer look at all the ways in which the BNB can be used.
(2) Participating in Binance's IEOs Just like Initial Coin Offerings (ICOs), Initial Exchange Offerings (IEOs) enable projects to raise funds in tokens, the difference being that they take place on exchanges. Binance has its own platform dedicated to IEOs for cryptocurrency projects, called Binance Launchpad.
(3) Commissions on referrals With referral options, you can increase your income on Binance if you hold BNB. For users who refer people when they sign up to Binance, commission can be earned on every transaction made by their referrals. What's more, when a referrer shares their invitation link, they decide how their commission is distributed.
(4) Native token BNB will work on BSC in the same way that ETH works on Ethereum, so it remains BSC's ‘native token’. This means that BNB will be used to: Pay ‘fees’ to deploy smart contracts on BSC. Bet on selected BSC validators and earn corresponding rewards.Perform cross-chain transactions, such as transferring token assets between BSC, opBNB and Greenfield. Real-time burn To speed up the BNB burn process and make BSC more decentralised, part of the gas fee will be burned. A fixed ratio of the gas charges collected by the validators will be burned in each block. The burn rate can be regulated by the BSC validators. Validator Consensus and Quorum Based on the above design principles, the BSC consensus protocol is to achieve the following objectives: The blocking time must be shorter than that of the Ethereum network, e.g. 3 seconds. A short time is needed to confirm the finality of transactions, e.g. around 10 seconds or less. There is no inflation of the native token: BNB, the block reward is collected from the transaction fee, and it will be paid in BNB
Standalone blockchain: Technically, BSC is a standalone blockchain, instead of a layer 2 solution. Most of the core technical and business functions of BSC should be autonomous so that they can function well even if the CB were to shut down for a short period of time.
(1) Ethereum compatibility: The first practical and widely used smart contract platform is Ethereum. To take advantage of the relatively mature applications and community, BSC chooses to be compatible with the existing Ethereum backbone. This means that most dApps, ecosystem components and tools will work with BSC and require no or minimal modification. a BSC node will require similar (or slightly better) hardware specifications and skills to work and function. The implementation should leave room for BSC to catch up with other Ethereum upgrades.
(2) Staking involves consensus and governance: Consensus based on staking is more respectful of the environment and leaves more flexible options for community governance. Not surprisingly, this consensus should lead to improved network performance compared to proof-of-work blockchain systems, i.e. faster blocking time and higher transaction capacity.
(3) Fast block time and fast finality: BSC will implement a fast finality mechanism, allowing blocks to be finalised in two block confirmations under normal circumstances. This, combined with BSC's fast block time of 3 seconds, provides near-instantaneous transaction finality and a good user experience.
Stablecoins continue to gain traction as total on-chain transaction count hits 420M for the month of August.
The stablecoin landscape continues to heat up, with transaction counts approaching all time highs, climbing in tandem with the total supply which now stands at US$170B. The CELO ecosystem, in particular, has seen remarkable growth, with its USDT supply reaching US$200M just six months after launching on the emerging Ethereum Layer 2. Concurrently, the Celo blockchain ecosystem introduced the Stabila Foundation, which aims to enhance
financial stability and promote stablecoin utility, especially in emerging markets like Africa, Latin America, and Southeast Asia. Meanwhile, Solana continues to capture the market’s attention, recording the highest number of stablecoin transactions in August with 108M, narrowly surpassing BNB Chain's 97M, which held the top spot in July. Solana DeFi has been a significant driver of growth for PayPal’s PYUSD stablecoin, which has reached a total market capitalization of US$1B. Of this amount, over US$647M is on Solana, with US$430M locked as collateral on the DeFi protocol Kamino. Stablecoins remain one of the most widely used products to emerge from blockchain technology. As they continue to scale globally, it becomes increasingly important to observe how macroeconomic factors, such as global interest rates and evolving regulatory regimes, influence market participants' approaches to this burgeoning sector.
Source: Artemis, Binance Research As of August 31, 2024
accepting Bitcoin and tether: what effect will this have on individuals and merchants?
For individuals
There are many different types of individual Bitcoin users in the world today. From traders looking to make profits on a daily basis; to long-term investors looking to store their Bitcoins safely; to tech-savvy shoppers looking to avoid credit card fees or preserve their privacy; to philosophical users looking to change the world; to those looking to make payments more efficiently on a global scale; to those in third world countries looking to access financial services for the first time; to developers looking to create new technologies; to everyone who has found many uses for Bitcoin. For each of these people, we believe tethers are useful in the same ways, such as: ● Transacting in USD/fiat value, pseudo-anonymously, without any middlemen/intermediaries ● Cold-storing USD/fiduciary value by securing one's own private keys ● Avoiding the risk of storing fiat currencies on exchange platforms Easily moving cryptocurrencies in and out of exchange platforms ● Avoiding the need to open a fiat bank account to store fiat value - Easily enhancing apps that work with bitcoin to also support tethering ● Everything that can be done with Bitcoin to also support tether ● Everything you can do with Bitcoin as an individual can also be done with tether
Merchants
want to focus on their business, not payments. The lack of global, inexpensive and ubiquitous payment solutions continues to plague merchants around the world, both large and small. Merchants deserve more. Here are just some of the ways Tether can help them: ● Price goods in USD/fiat rather than Bitcoin (no conversion rates/mobile buying windows) ● Avoid Bitcoin to USD/fiat conversion and associated fees and processes ● Avoid chargebacks, reduce fees and enjoy greater privacy ● Provide new services with fiatcrypto functionality Microtipping, gift cards, more.
Tether allows users to easily move their USD holdings between wallets and exchanges. Tether tokens are assets that move on the blockchain as easily as other digital currencies, but are pegged to real-world currencies on a 1:1 basis. Tether proposes a method for maintaining a one-to-one reserve ratio between a crypto-currency token, called USDT, and its associated real asset, fiat currency. This method uses the Bitcoin blockchain, proof of reserves and other auditing methods to prove that issued tokens are fully backed and reserved at all times. All Tethers will initially be issued on the Bitcoin blockchain via the Omni Layer protocol and will therefore exist as a crypto-currency token. Each Tether unit issued into circulation is backed at a one-to-one ratio (i.e. one USDT Tether equals one US dollar) by the corresponding fiat currency unit held on deposit by Hong Kong-based Tether Limited.
To understand how Tether is controlled by Tether Limited, let's take a look at the flow of funds process below
Step 1: The user deposits fiat currency into Tether Limited's bank account.
Step 2: Tether Limited generates and credits the user's Tether account. Tether goes into circulation. The amount of fiat currency deposited by the user must equal the amount of Tether issued to the user (e.g. 500 USD deposited = 500 USDT issued).
Step 3: The user carries out transactions with USDT. The user can transfer, exchange and store USDT.
Step 4: User deposits USDT with Tether Limited to redeem in fiat currency.
Step 5: Tether Limited destroys the Tether and sends cash to the user's bank account.
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What the TOP 8 cryptocurrencies looked like ten years ago ⚡️ $LTC dropped from 2nd to 19th place; ⚡️ $XRP moved from 3rd to 7th place; ⚡️ BitSharesX fell from 4 to 1203 ; ⚡️ NXT - from 5 to 8100; ⚡️ PPC — from 6 to 972 ; ⚡️ $DOGE turned out to be the most stable and moved down only one place - from 7th to 8th; ⚡️ Darkcoin ( DASH ) fell from 8 to 152 . Just good example to everyone who think some of their super fundamental projects looks strong and here to stay)) chill, your fav projects will out top 200 in next few years))
Everything you need to know about how the giant Tether's USDT works
Creation and team behind USDT Tether is controlled by Tether Holding Limited or known as Tether Limited. The CEO is JL Van Der Velde, the CFO is Giancarlo Devasini and the General Counsel is Suart Hoegner. Tether was launched by the team that runs Bitfinex, a major crypto-currency exchange Launched in 2014, Tether tokens (USD₮) pioneered the stablecoin model and are the most widely traded. Tether tokens offer the stability and simplicity of fiat currencies combined with the innovative nature of
With a market capitalisation of almost 280 billion dollars, ether is the second largest crypto with daily volumes of 16 billion dollars at the time of writing.
DeFi leads the way with almost $45bn in TVL, or 56.91% of the decentralised finance ecosystem, ahead of tron Solana and BSC. It should be noted that all this liquidity is dominated by the Lido protocol, which alone accounts for almost 23 billion TVL, or 41% of the ethereum DeFi ecosystem - a percentage that should not be overlooked in terms of concentration in a single protocol, which can be a risk for investors in the event of attacks or problems with intelligent contracts.
4 k+ Projects built on Ethereum 96 M+ Accounts (portfolios) with an ETH balance 53,3 M+ Smart contracts on Ethereum 410 bn Secured value on Ethereum 3.5 bn Creator earnings on Ethereum in 2021 1,133 M Number of transactions today.
So how do you buy ether? Where to obtain ETH You can get ETH from an exchange or wallet, but different countries have different policies. Check which services will allow you to buy ETH. Since Ether (ETH) is the 2nd most popular crypto in the world behind Bitcoin, countless platforms and applications offer ETH buying, selling and storage. These include Binance, Coinbase and kucoin. #TelegramCEO #etherreum #ETH🔥🔥🔥🔥
Let's talk about ether, the native crypto of the ethereum programmable network.
$ETH Ether is purely digital and can be sent instantly to anyone in the world. The supply of Ether is not controlled by any government or corporation: it is decentralized and totally transparent. Ether is issued precisely according to protocol, and only to the stakers who secure the network.What about Ethereum's energy consumption? On September 15, 2022, Ethereum completed the La Fusion upgrade, moving Ethereum from proof-of-work to proof-of-stake.
When the Ethereum blockchain was launched in 2015, 72 million ETH were created on the network. Of these, 83% were sold through participatory fundraising (ICO), while the remainder were split between the Ethereum Foundation and developers committed to the pr oject. With its previous operation as a Proof of Work, Ether was inflationary. As on the Bitcoin blockchain, miners were responsible for validating blocks and were rewarded with new ETH. From 2015 to 2021, its quantity in circulation rose from 72 million to 117 million. In August 2021, an update to the Ethereum blockchain introduced a burn mechanism: EIP-1559. A "burn" simply refers to a feature implemented on a blockchain whose aim is to reduce the quantity in circulation of a given cryptocurrency. In our case, this burn directly impacts the number of ETH on the network.
However, it wasn't until September 2022 that Ether inflation was definitively halted by the replacement of Proof of Work with Proof of Stake. Today, the Ethereum blockchain is slightly deflationary.
Unlike Bitcoin, where the number of BTC is limited to 21 million units, there is no limit to the number of ETH in circulation on the Ethereum blockchain.
Ethereum is not controlled by any particular entity. It exists whenever there are connected computers running software following the Ethereum protocol and integrating with the Ethereum blockchain. Each of these computers is known as a node. Nodes can be run by anyone, although to participate in securing the network, you need to stake ETH (Ethereum's native token). Anyone with 32 ETH can do so without needing permission.
Smart contracts are computer programs that live on the Ethereum blockchain. They run when triggered by a user transaction. They make Ethereum very flexible in what it can do. These programs serve as building blocks for decentralized applications and organizations.
Once a smart contract is published on Ethereum, it will remain online and operational for as long as Ethereum exists. Even the author can't remove it. Since smart contracts are automated, they don't discriminate against any user and are always ready for use.
The most popular examples of smart contracts are lending applications, decentralized trading exchange platforms, insurance, quadratic financing, social networks, #NFTs... Essentially everything you can imagine
Many actions on the Ethereum network require work to be done on the Ethereum embedded computer (known as the Ethereum virtual machine). This computation isn't free: it's paid for using Ethereum's native cryptocurrency, called Ether (ETH). This means you'll need at least a small amount of Ether to use the network.
Utility of #Ethereum A platform for decentralized applications and next-generation smart contracts.
The benefits of ethereum You can create an Ethereum account from anywhere, at any time, and explore a world of applications or build your own. The fundamental innovation is that you can do all this without trusting a central authority to change the rules or restrict your access. Banking for everyone Not everyone has access to financial services, but all you need to access Ethereum and its lending, borrowing and savings products is an Internet connection. An open Internet Anyone can interact wit
Ethereum compte au total huit cofondateurs, un nombre inhabituel pour un projet crypto. Ils se rencontrent pour la première fois le 7 juin 2014 à Zoug, en Suisse. Le plus connu du groupe est sûrement le russo-canadien Vitalik Buterin. Il est l'auteur du livre blanc original qui présente l'Ethereum pour la première fois en 2013 et continue de travailler sur la plateforme. Avant l'ETH, M. Buterin a cofondé le site d'actualités Bitcoin Magazine, pour lequel il a écrit des
The value of Arbitrum, the native currency of Ethereum’s layer-2 solution Arbitrum, has experienced a significant decline of 68% since its peak in January 2024. However, encouraging on-chain advancements suggest that Arbitrum now holds the highest amount of total value locked (TVL) and is filled with significant potential. Around 48% of Ethereum bridging assets are sent via Arbitrum, demonstrating its technological proficiency in resolving the scalability issues that affect the mainnet. Arbitrum demonstrates superiority in various key performance indicators (KPIs), with Aave, a platform for lending and borrowing, being the primary driver of on-chain asset flow. Furthermore, it boasts the highest level of activity across networks, with a greater number of daily active addresses than even the mainnet. Arbitrum stands out among other layer-2 solutions by having the highest number of distinct token holders, which suggests a high level of user involvement.
Although the on-chain figures are good, it is uncertain when ARB will experience a recovery. The token had a significant decline of 68% within a span of seven months, primarily due to substantial selling activity, and is currently a mere semblance of its previous state.