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What is blockchain Technology?
How it works?
Blockchain technology is a decentralized and distributed ledger system that records transactions across multiple computers in a secure and transparent way. It consists of a chain of blocks, each containing a list of transactions. Once a block is filled, it’s linked to the previous one, forming a chain. The decentralized nature enhances security and reduces the risk of manipulation. Blockchain is the underlying technology for cryptocurrencies like Bitcoin and has various applications beyond digital currencies, such as smart contracts and supply chain management.
How it works?
Blockchain works through a decentralized network of computers, often referred to as nodes. Here’s a simplified overview of how it operates:
1. Transactions: Participants in the network initiate transactions. These transactions are gathered into a block.
2. Verification: Before a block is added to the chain, the information within it must be verified by the network. This is usually done through a consensus mechanism, like Proof of Work (used in Bitcoin) or Proof of Stake.
3. Block Formation: Once verified, the block is added to the existing chain in a linear, chronological order. Each block contains a reference to the previous block, forming a chain.
4. Decentralization: The blockchain is maintained by a decentralized network of nodes, each having a copy of the entire blockchain. This prevents a single point of control or failure.
5. Consensus: Consensus mechanisms ensure that all nodes agree on the validity of transactions and the order in which they are added to the blockchain.
6. Immutability: Once a block is added to the blockchain, it is nearly impossible to alter its contents. This is due to the cryptographic links between blocks and the distributed nature of the network.
This design ensures transparency, security, and trust in the absence of a central authority.
#BlockchainTech #BlockchainInsight #academy #learning
How it works?
Blockchain technology is a decentralized and distributed ledger system that records transactions across multiple computers in a secure and transparent way. It consists of a chain of blocks, each containing a list of transactions. Once a block is filled, it’s linked to the previous one, forming a chain. The decentralized nature enhances security and reduces the risk of manipulation. Blockchain is the underlying technology for cryptocurrencies like Bitcoin and has various applications beyond digital currencies, such as smart contracts and supply chain management.
How it works?
Blockchain works through a decentralized network of computers, often referred to as nodes. Here’s a simplified overview of how it operates:
1. Transactions: Participants in the network initiate transactions. These transactions are gathered into a block.
2. Verification: Before a block is added to the chain, the information within it must be verified by the network. This is usually done through a consensus mechanism, like Proof of Work (used in Bitcoin) or Proof of Stake.
3. Block Formation: Once verified, the block is added to the existing chain in a linear, chronological order. Each block contains a reference to the previous block, forming a chain.
4. Decentralization: The blockchain is maintained by a decentralized network of nodes, each having a copy of the entire blockchain. This prevents a single point of control or failure.
5. Consensus: Consensus mechanisms ensure that all nodes agree on the validity of transactions and the order in which they are added to the blockchain.
6. Immutability: Once a block is added to the blockchain, it is nearly impossible to alter its contents. This is due to the cryptographic links between blocks and the distributed nature of the network.
This design ensures transparency, security, and trust in the absence of a central authority.
#BlockchainTech #BlockchainInsight #academy #learning
The essence of prop-firm is based on the concept of satisfying the needs or desires of a trader to quickly achieve his goals by realizing trade through non-existent capital. This is a deliberately losing concept for a trader, although it is the most accessible and popular for all traders in terms of building their own capital.
It's not the prop firm that "sucked" - you consciously chose to be deceived when you created an illusion out of ridiculous desires for big payouts and a beautiful life.
Call things by their proper names.
#proptrading #truth #lesson #academy #besmart
It's not the prop firm that "sucked" - you consciously chose to be deceived when you created an illusion out of ridiculous desires for big payouts and a beautiful life.
Call things by their proper names.
#proptrading #truth #lesson #academy #besmart
KEY TERMS USED TECHNICAL ANALYSIS
Lesson 2. Free academy #mezashite Trend: The overall direction of a market or security, which can be upward, downward, or sideways.Support and Resistance: Levels on a price chart where the price struggles to fall below (support) or rise above (resistance).Moving Averages: Statistical measures smoothing out price data over a specific time period. Traders use them to identify trends and potential entry/exit points.Indicators: Mathematical calculations forecasting future price movements. Examples include the relative strength index (RSI), moving average convergence divergence (MACD), and stochastic oscillator.Chart Patterns: Specific formations on a price chart believed to predict future movements, such as head and shoulders, triangles, and wedges.Asset Price: The current selling price of an asset.Asset Value: Based on the underlying fundamentals of an asset. Investors focusing on value look for assets trading below their intrinsic value.Understanding these terms empowers traders and investors to analyze markets and make informed decisions. While technical analysis isn't foolproof, it serves as a valuable tool for identifying potential trading opportunities. #academy #mezashite Lesson 1
Binance Academy Launches a Chatbot Powered By ChatGPT
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions.
On Monday, Binance Academy implemented a new ChatGPT-powered chatbot, Binance Sensei, to provide users with educational information. The move comes amid an ever-growing demand for generative artificial intelligence (AI) solutions that emerged with ChatGPT’s launch last year.
Binance Academy Implements a Chatbot to Help Users Find Answers More Efficiently
Binance has announced the integration of Binance Sensei, an AI chatbot powered by ChatGPT that claims to have been trained on more than 1,000 articles and courses on the exchange’s education platform – Binance Academy. According to the disclaimer page, Binance Sensei was only developed to help users obtain “answers efficiently, using content from the Binance Academy platform. It is not intended to provide any form of specific advice to your intended query.”
Since it is powered by OpenAI’s generative AI sensation known as ChatGPT, using Binance Sensei means that users agree to all terms and conditions that apply to ChatGPT users. The disclaimer adds that the chatbot’s responses can also include publicly available third-party information, views, and opinions from the internet.
These responses are for “general information purposes only” and “do not purport to reflect the views, comments or opinions of Binance Academy,” Binance states. In addition, Binance Academy will not be responsible for any potential errors by Binance Sensei or the results obtained from the users’ use of the chatbot’s information.
Binance Academy is an educational platform that provides free resources and articles about cryptocurrency, blockchain technology, and other related topics. It aims to help users learn about the burgeoning crypto industry and understand how to navigate and participate in it.
Generative AI Boom and ChatGPT
With its rollout, Binance Sensei became the latest chatbot launched by a tech or a crypto firm in recent weeks as part of the new generative AI mania triggered by the launch of ChatGPT in November 2022. Launched by a small AI research laboratory, OpenAI, ChatGPT became the fastest-growing consumer app on record, reaching 100 million users in only two months.
Its astronomical growth and success have left giant companies and startups rushing to tackle the unprecedented demand for generative AI and develop their proprietary chatbots. Microsoft recently implemented ChatGPT’s underlying technology into its search engine Bing, making it the biggest threat to Google’s dominance.
Meanwhile, crypto firms are also scrambling to take advantage of generative AI. Earlier this month, AI-focused layer-2 solution CryptoGPT raised $10 million in funding to expand its team of developers and global footprint.
Finance is changing. Learn how, with Five Minute Finance. A weekly newsletter that covers the big trends in FinTech and Decentralized Finance. Try it out (for free) Awesome You’ve subscribed. You’re well on your way to being in the know.
Do you think generative AI technology could help unlock full crypto potential? Let us know in the comments below.
The post Binance Academy Launches a Chatbot Powered by ChatGPT appeared first on TopCryptoNews.
#askbinancesensei #chatgpt #Web3 #Binance #academy
On Monday, Binance Academy implemented a new ChatGPT-powered chatbot, Binance Sensei, to provide users with educational information. The move comes amid an ever-growing demand for generative artificial intelligence (AI) solutions that emerged with ChatGPT’s launch last year.
Binance Academy Implements a Chatbot to Help Users Find Answers More Efficiently
Binance has announced the integration of Binance Sensei, an AI chatbot powered by ChatGPT that claims to have been trained on more than 1,000 articles and courses on the exchange’s education platform – Binance Academy. According to the disclaimer page, Binance Sensei was only developed to help users obtain “answers efficiently, using content from the Binance Academy platform. It is not intended to provide any form of specific advice to your intended query.”
Since it is powered by OpenAI’s generative AI sensation known as ChatGPT, using Binance Sensei means that users agree to all terms and conditions that apply to ChatGPT users. The disclaimer adds that the chatbot’s responses can also include publicly available third-party information, views, and opinions from the internet.
These responses are for “general information purposes only” and “do not purport to reflect the views, comments or opinions of Binance Academy,” Binance states. In addition, Binance Academy will not be responsible for any potential errors by Binance Sensei or the results obtained from the users’ use of the chatbot’s information.
Binance Academy is an educational platform that provides free resources and articles about cryptocurrency, blockchain technology, and other related topics. It aims to help users learn about the burgeoning crypto industry and understand how to navigate and participate in it.
Generative AI Boom and ChatGPT
With its rollout, Binance Sensei became the latest chatbot launched by a tech or a crypto firm in recent weeks as part of the new generative AI mania triggered by the launch of ChatGPT in November 2022. Launched by a small AI research laboratory, OpenAI, ChatGPT became the fastest-growing consumer app on record, reaching 100 million users in only two months.
Its astronomical growth and success have left giant companies and startups rushing to tackle the unprecedented demand for generative AI and develop their proprietary chatbots. Microsoft recently implemented ChatGPT’s underlying technology into its search engine Bing, making it the biggest threat to Google’s dominance.
Meanwhile, crypto firms are also scrambling to take advantage of generative AI. Earlier this month, AI-focused layer-2 solution CryptoGPT raised $10 million in funding to expand its team of developers and global footprint.
Finance is changing. Learn how, with Five Minute Finance. A weekly newsletter that covers the big trends in FinTech and Decentralized Finance. Try it out (for free) Awesome You’ve subscribed. You’re well on your way to being in the know.
Do you think generative AI technology could help unlock full crypto potential? Let us know in the comments below.
The post Binance Academy Launches a Chatbot Powered by ChatGPT appeared first on TopCryptoNews.
#askbinancesensei #chatgpt #Web3 #Binance #academy
TIPS FOR NEW TRADERS
Cheer up Spartan! Take a break, catch your breath, and get back on the horse! The main thing is risk management and capital management, say no to greed and excessive ambition, ask yourself: why did I lose? How can I be far from the liquidation position? Did I protect myself with SL? Trade only with 5% of your capital; being far from the liquidation price is mandatory... cheer up! analyze your failures, correct and improve the plan and strategy, operate a single currency, start again, with little capital, and only operate with 5% of that capital, look for a new entry, analyze, think slowly... War is won by the one who keeps fighting! #BTC #USDC✅ #Tradingnow #academy #TipsNeeded
Cheer up Spartan! Take a break, catch your breath, and get back on the horse! The main thing is risk management and capital management, say no to greed and excessive ambition, ask yourself: why did I lose? How can I be far from the liquidation position? Did I protect myself with SL? Trade only with 5% of your capital; being far from the liquidation price is mandatory... cheer up! analyze your failures, correct and improve the plan and strategy, operate a single currency, start again, with little capital, and only operate with 5% of that capital, look for a new entry, analyze, think slowly... War is won by the one who keeps fighting! #BTC #USDC✅ #Tradingnow #academy #TipsNeeded
The large number of trading opportunities on LTF leads to a large number of decisions. When a trader encounters information on a chart that he understands, his thinking rushes to realizing the reward as quickly as possible. This is due to the phenomenon of hyperbolic discounting, which states that people prefer a smaller reward in the here and now rather than a larger reward delayed in time. A quick reward is easier to observe and experience, so it has a higher subjective value.
A market order in trading is a mechanism for bringing a reward closer in time, be it premature profit taking or impulsive opening of a position.
Market orders promote impulsiveness and gambling. If you only had limit orders in your toolkit, you would approach opening and closing positions more carefully and rationally, since these orders offer a more delayed reward.
#psycho #Education #academy #sscrooge #trading
A market order in trading is a mechanism for bringing a reward closer in time, be it premature profit taking or impulsive opening of a position.
Market orders promote impulsiveness and gambling. If you only had limit orders in your toolkit, you would approach opening and closing positions more carefully and rationally, since these orders offer a more delayed reward.
#psycho #Education #academy #sscrooge #trading
EDU Coin: A Promising Student or Crypto Hype?
EDU coin, aiming to revolutionize education with blockchain technology, is attracting attention in the cryptocurrency space. However, before hailing it as a champion, let's delve deeper and assess its potential.
Theoretical Brilliance:
EDU's vision is laudable. Its white paper outlines a future where students can access quality education, pay tutors easily, and verify diplomas – all powered by EDU. This transparency and security offered by blockchain technology hold immense potential.
Walking the Talk?
While the vision is impressive, the reality is less so. Currently, EDU's application is limited to a single platform, raising concerns about its widespread adoption. Additionally, the crypto market's volatility raises questions about EDU's stability as a medium for educational payments.
Room for Improvement:
EDU has the opportunity to shine if it expands its partnerships and integrates with established educational institutions. This would help it move beyond theoretical promises and become a valuable player in education.
A Cautious Approach for Investors:
Investors should approach EDU with a dose of cautious optimism. While it holds potential, its limited application and the volatile crypto market warrant careful consideration. Remember, even the brightest students need to put in the effort, and thorough research is essential before any cryptocurrency investment.
Claim your free USDT in the comments section.
#academy #edu #educational #EDUUSDT #TrendingTopic $EDU @EliteDailySignals
Disclaimer: Investing in any cryptocurrency involves risk. Conduct your own research before making financial decisions. Don't be caught off guard in the investment game!
EDU coin, aiming to revolutionize education with blockchain technology, is attracting attention in the cryptocurrency space. However, before hailing it as a champion, let's delve deeper and assess its potential.
Theoretical Brilliance:
EDU's vision is laudable. Its white paper outlines a future where students can access quality education, pay tutors easily, and verify diplomas – all powered by EDU. This transparency and security offered by blockchain technology hold immense potential.
Walking the Talk?
While the vision is impressive, the reality is less so. Currently, EDU's application is limited to a single platform, raising concerns about its widespread adoption. Additionally, the crypto market's volatility raises questions about EDU's stability as a medium for educational payments.
Room for Improvement:
EDU has the opportunity to shine if it expands its partnerships and integrates with established educational institutions. This would help it move beyond theoretical promises and become a valuable player in education.
A Cautious Approach for Investors:
Investors should approach EDU with a dose of cautious optimism. While it holds potential, its limited application and the volatile crypto market warrant careful consideration. Remember, even the brightest students need to put in the effort, and thorough research is essential before any cryptocurrency investment.
Claim your free USDT in the comments section.
#academy #edu #educational #EDUUSDT #TrendingTopic $EDU @EliteDailySignals
Disclaimer: Investing in any cryptocurrency involves risk. Conduct your own research before making financial decisions. Don't be caught off guard in the investment game!
earn an NFT certificate with binance Academy using the academy course icon on the binance apps
#NFT #academy #Binance #binanceacademy #Web3
#NFT #academy #Binance #binanceacademy #Web3
Just A small Marketing Giveaway 🪙✅
Out of all the people who follow me within an 6 hours, I will choose 10 random and send each 5 #ENA /USDT . Share your wallets and enjoy. 👇👏
All you have to do follow You the account, like this post only and write your address in comments and done ✅
#MarketSituation #MarketExcitement #academy
Out of all the people who follow me within an 6 hours, I will choose 10 random and send each 5 #ENA /USDT . Share your wallets and enjoy. 👇👏
All you have to do follow You the account, like this post only and write your address in comments and done ✅
#MarketSituation #MarketExcitement #academy
How to manage cryptocurrency portfolio risks?
..👂
Managing cryptocurrency portfolio risks involves several strategies:
1. Diversification_: Spread investments across various assets to minimize exposure to any one currency.
2. Risk assessment_: Evaluate your risk tolerance and adjust investments accordingly.
3. Position sizing_: Limit individual asset allocations to manage potential losses.
4. Stop-loss orders_: Set automatic sell orders to limit losses if prices drop.
5. Rebalancing_: Regularly adjust your portfolio to maintain target allocations.
6. Hedging_: Use derivatives or other assets to mitigate potential losses.
7. Staying informed_: Continuously monitor market trends and news.
8. Avoid emotional decisions_: Make rational, data-driven decisions.
9. Secure storage_: Use reputable wallets and exchanges to protect assets.
10. Tax management_: Understand tax implications and optimize strategies.
11. Regular portfolio reviews_: Assess performance and adjust strategies as needed.
12. Consider professional advice: Consult a financial advisor or investment manager.
Additionally, consider the following best practices:
- Never invest more than you can afford to lose.
- Set clear investment goals and risk tolerance.
- Use strong passwords and 2FA.
- Stay up-to-date on market developments and regulatory changes.
By implementing these strategies and best practices, you can effectively manage risks and protect your cryptocurrency portfolio.
#CryptoMarketMoves
#IweEgoFx
#academy
..👂
Managing cryptocurrency portfolio risks involves several strategies:
1. Diversification_: Spread investments across various assets to minimize exposure to any one currency.
2. Risk assessment_: Evaluate your risk tolerance and adjust investments accordingly.
3. Position sizing_: Limit individual asset allocations to manage potential losses.
4. Stop-loss orders_: Set automatic sell orders to limit losses if prices drop.
5. Rebalancing_: Regularly adjust your portfolio to maintain target allocations.
6. Hedging_: Use derivatives or other assets to mitigate potential losses.
7. Staying informed_: Continuously monitor market trends and news.
8. Avoid emotional decisions_: Make rational, data-driven decisions.
9. Secure storage_: Use reputable wallets and exchanges to protect assets.
10. Tax management_: Understand tax implications and optimize strategies.
11. Regular portfolio reviews_: Assess performance and adjust strategies as needed.
12. Consider professional advice: Consult a financial advisor or investment manager.
Additionally, consider the following best practices:
- Never invest more than you can afford to lose.
- Set clear investment goals and risk tolerance.
- Use strong passwords and 2FA.
- Stay up-to-date on market developments and regulatory changes.
By implementing these strategies and best practices, you can effectively manage risks and protect your cryptocurrency portfolio.
#CryptoMarketMoves
#IweEgoFx
#academy
Check it out, I am this far through 6 courses on Binance Academy!
https://academy.binance.com/en/courses/track/beginner-track?utm_medium=academylms_square #academy #LearnTogether
https://academy.binance.com/en/courses/track/beginner-track?utm_medium=academylms_square #academy #LearnTogether
