NASR AL SHARAFI 711
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محلل وخبير للعملات الرقمية والاستثمار الدايم
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#bitcoin $BTC What is #nft ?
Have you ever heard of someone buying a virtual house for a million dollars?!
You may think that what this person did is a waste of money, but after reading this blog you will have a different opinion.
The recent period witnessed the media publishing many news about the sale of real estate #nft T for millions of dollars, which sparked a great deal of controversy.
In light of this, we will attempt through this article to remove the ambiguity surrounding NFT properties, by providing a detailed explanation of everything related to them.
What is NFT real estate?
First, let us refresh the memory and return to the meaning of NFT, or non-fungible tokens, which are assets, whether digital or real, stored on blockchain networks, and have special metadata that distinguishes them from each other.
These codes differ from digital currencies such as Bitcoin, as digital currencies can be exchanged for other currencies or money of the same value, but NFTs cannot be exchanged. This is due to its distinction and uniqueness.
Have you ever heard of someone buying a virtual house for a million dollars?!
You may think that what this person did is a waste of money, but after reading this blog you will have a different opinion.
The recent period witnessed the media publishing many news about the sale of real estate #nft T for millions of dollars, which sparked a great deal of controversy.
In light of this, we will attempt through this article to remove the ambiguity surrounding NFT properties, by providing a detailed explanation of everything related to them.
What is NFT real estate?
First, let us refresh the memory and return to the meaning of NFT, or non-fungible tokens, which are assets, whether digital or real, stored on blockchain networks, and have special metadata that distinguishes them from each other.
These codes differ from digital currencies such as Bitcoin, as digital currencies can be exchanged for other currencies or money of the same value, but NFTs cannot be exchanged. This is due to its distinction and uniqueness.
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$BTC Bitcoin needs solutions
To expand according to Binance!
According to a new research report issued by cryptocurrency trading company Binance, it is stated that the Bitcoin network needs to expand further.
In December 2022, Casey Rodarmour launched the “Ordinals” protocol, creating so-called “patterns” and setting off a cycle of momentum and hype for Bitcoin non-fungible tokens (NFTs) in 2023.
The introduction of “patterns” has increased demand for Bitcoin block space.
After “Ordinals”, the Bitcoin fungible token standard, BRC-20, was created, and after that, the “Runes” protocol, which was recently launched.
The launch of these new protocols has attracted a new group of users, traders, developers, and even people with a strong interest in Bitcoin.
Currently, cryptocurrency entities are financing and developing Bitcoin projects at an unprecedented rate.
Interestingly, some developers have begun to move from alternative layer 1 networks to Bitcoin.
To$BTC #Binance #bitcoin
To expand according to Binance!
According to a new research report issued by cryptocurrency trading company Binance, it is stated that the Bitcoin network needs to expand further.
In December 2022, Casey Rodarmour launched the “Ordinals” protocol, creating so-called “patterns” and setting off a cycle of momentum and hype for Bitcoin non-fungible tokens (NFTs) in 2023.
The introduction of “patterns” has increased demand for Bitcoin block space.
After “Ordinals”, the Bitcoin fungible token standard, BRC-20, was created, and after that, the “Runes” protocol, which was recently launched.
The launch of these new protocols has attracted a new group of users, traders, developers, and even people with a strong interest in Bitcoin.
Currently, cryptocurrency entities are financing and developing Bitcoin projects at an unprecedented rate.
Interestingly, some developers have begun to move from alternative layer 1 networks to Bitcoin.
To$BTC #Binance #bitcoin
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$BTC #Binance #BTC Bitcoin.
Besides these protocols, several new Bitcoin projects are currently being worked on while others have been launched.
They range from different activities, with some focusing on creating money markets or providing staking and redeposit services on the Bitcoin network.
Although these innovations signal the community's confidence in Bitcoin's long-term potential, they have led to increased memory pool congestion and higher transaction fees.
Between 2022 and 2023, average Bitcoin transaction fees rose 175% from $1.5 to $4.2.
So far, in 2024, the fee has increased and has risen to $9.
This highlights the importance of scalability solutions in Bitcoin, which can help move some transactions from layer 1 to layer 2 networks, she told Binance.
The cryptocurrency community is focused on boosting Bitcoin adoption, but users may face high transaction fees in the next few years.
In 2023, the Bitcoin network processed 152 million transactions, and this number tends to rise to 1.6 billion if 2% of the world's population makes ten Bitcoin transactions annually.
Besides these protocols, several new Bitcoin projects are currently being worked on while others have been launched.
They range from different activities, with some focusing on creating money markets or providing staking and redeposit services on the Bitcoin network.
Although these innovations signal the community's confidence in Bitcoin's long-term potential, they have led to increased memory pool congestion and higher transaction fees.
Between 2022 and 2023, average Bitcoin transaction fees rose 175% from $1.5 to $4.2.
So far, in 2024, the fee has increased and has risen to $9.
This highlights the importance of scalability solutions in Bitcoin, which can help move some transactions from layer 1 to layer 2 networks, she told Binance.
The cryptocurrency community is focused on boosting Bitcoin adoption, but users may face high transaction fees in the next few years.
In 2023, the Bitcoin network processed 152 million transactions, and this number tends to rise to 1.6 billion if 2% of the world's population makes ten Bitcoin transactions annually.
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US stock index futures saw a slight decline today, as traders awaited the release of the important inflation report. The upcoming core personal consumption expenditures (PCE) data, which is scheduled to be released at 8:30 a.m. ET, is expected to remain flat at 2.8% year over year. The Federal Reserve is closely monitoring this measure of inflation as it assesses the economic landscape. The S&P 500 and Nasdaq are poised to record their first weekly losses in six weeks, weighed down by a recent rise in Treasury yields that has put pressure on riskier assets. This comes on the heels of a disappointing debt auction and lingering concerns about persistent inflation.$BTC $SUI
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BREAKING NEWS: Massive $PEPE EPE transfer sparks excitement! 💥🐸
A staggering sum of $1,238,332,920,144 (equivalent to $10,571,648 USD) was transferred from an undisclosed wallet on the Ethereum blockchain to Binance, making headlines on Tuesday, May 7, 2024, at 03:04:47 UTC.
This huge step serves as a reminder to keep pursuing your dreams, even if it seems risky. Remember, all cryptocurrencies come with volatility and uncertainty – that's the thrill of the game!
Join the conversation, like, share, and follow for more updates. And if you're feeling generous, why not fuel our content creation process with a coffee tip?
Let's dive into the world of altcoins and explore the possibilities!" 🐸🐸🐸#PEPE❤️ $PENDLE
A staggering sum of $1,238,332,920,144 (equivalent to $10,571,648 USD) was transferred from an undisclosed wallet on the Ethereum blockchain to Binance, making headlines on Tuesday, May 7, 2024, at 03:04:47 UTC.
This huge step serves as a reminder to keep pursuing your dreams, even if it seems risky. Remember, all cryptocurrencies come with volatility and uncertainty – that's the thrill of the game!
Join the conversation, like, share, and follow for more updates. And if you're feeling generous, why not fuel our content creation process with a coffee tip?
Let's dive into the world of altcoins and explore the possibilities!" 🐸🐸🐸#PEPE❤️ $PENDLE
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#ربح Did you know that Binance has 10 million subscribers? Suppose if each person lost one dollar a day, then Eid is unreasonable 🤑🤔💪#bitcoin #CryptoWatchMay2024 #خسارة