WAGMI
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2022 was still a nightmare for a lot of investors who lost their life savings into lot LUNA, FTX and other insolvency.
Bear market is over, we are going to see a massive rally by 2025.
Binance is still here, gonna stay here forever.
#crypto2023 #BTC #Binance #BNB #WAGMI
Bear market is over, we are going to see a massive rally by 2025.
Binance is still here, gonna stay here forever.
#crypto2023 #BTC #Binance #BNB #WAGMI
As we don't have other reasonable things to do, people goes into #meme craze!!
Binance is listing new Meme Token on Solana , Book of Meme ($BOME ) and open for trading on 2024-03-16 at 12:30 (UTC) for these spot trading pairs: BOME/BTC, BOME/USDT, BOME/FDUSD and BOME/TRY.
Exchanges may think Meme coins may attract more people into Cryptoverse, while crypto natives are waiting for an opportunity to buy again.
Recently, there are several Meme coins which become highest selling cryptocurrencies, including $DOGE , shill by Elon Musk himself. 😂
Wish you all luck, and don't forget, be patient , #WAGMI
#DYOR #Write2Earn
Binance is listing new Meme Token on Solana , Book of Meme ($BOME ) and open for trading on 2024-03-16 at 12:30 (UTC) for these spot trading pairs: BOME/BTC, BOME/USDT, BOME/FDUSD and BOME/TRY.
Exchanges may think Meme coins may attract more people into Cryptoverse, while crypto natives are waiting for an opportunity to buy again.
Recently, there are several Meme coins which become highest selling cryptocurrencies, including $DOGE , shill by Elon Musk himself. 😂
Wish you all luck, and don't forget, be patient , #WAGMI
#DYOR #Write2Earn
I'm super bullish!
It's been a while here!
The crypto space has been a little quite owing to the fact that many leveraged were taken out of the market. And just so you know, more will be taken out before there'll be the massive pump.
What does that tell you?
Stay safu!
Don't leverage so you don't lose all. You can keep some spots bag.
My recommendations right now: $AVAX $ADA
Avax is currently less than $33 and ADA is also at this time less than $0.44.
(Those that followed my recommendations on $SOL when it was less than $60 know better )
All coins should do well, but some will do even better.
Bag these coins now and come back rejoicing in coming days!
(You're welcome 🤗)
#bitcoinhalving #WAGMI #BullorBear #Memecoins
It's been a while here!
The crypto space has been a little quite owing to the fact that many leveraged were taken out of the market. And just so you know, more will be taken out before there'll be the massive pump.
What does that tell you?
Stay safu!
Don't leverage so you don't lose all. You can keep some spots bag.
My recommendations right now: $AVAX $ADA
Avax is currently less than $33 and ADA is also at this time less than $0.44.
(Those that followed my recommendations on $SOL when it was less than $60 know better )
All coins should do well, but some will do even better.
Bag these coins now and come back rejoicing in coming days!
(You're welcome 🤗)
#bitcoinhalving #WAGMI #BullorBear #Memecoins
Alright degens! I warned you yesterday that a correction is coming for $PEPE 💚. A head and shoulder pattern was forming on the 1h chart 📈 , which indicated a little break for now. I took profit yesterday and will wait and see how support levels are performing before I fill my bag with more 🐸
If you bought at a higher level and are now looking at your bag and considering if you should take a loss, please just hold. It will come back and it will go beyond your entry level. If you have funds, consider the possibility to accumulate more 🐸 on the dip.
We’re all gonna making it!🌟 $PEPE is going parabolic this bull run!💰🚀🤑
#TrendingTopic #WAGMI #PEPE
If you bought at a higher level and are now looking at your bag and considering if you should take a loss, please just hold. It will come back and it will go beyond your entry level. If you have funds, consider the possibility to accumulate more 🐸 on the dip.
We’re all gonna making it!🌟 $PEPE is going parabolic this bull run!💰🚀🤑
#TrendingTopic #WAGMI #PEPE
I know many are still not decided to get in now or wait for a dip since after #BTCHALVING. it usually dumps.
But frankly that's history and nobody can guarantee its going to repeat.
So I will hold on to the coins and if it dips try to enter again. Not A financial Advice
#WAGMI
My major holdings
$BTC $INJ $QNT $AR $ELA
But frankly that's history and nobody can guarantee its going to repeat.
So I will hold on to the coins and if it dips try to enter again. Not A financial Advice
#WAGMI
My major holdings
$BTC $INJ $QNT $AR $ELA
👍How to Create and Trade Bitcoin NFTs.
Bitcoin NFTs, or non- fungible tokens on the Bitcoin blockchain have emerged as a groundbreaking trend reshaping the digital assets landscape. These tokens represent ownership of digital assets and are gaining insignificant traction within the cryptocurrency community.
Firstly, let's delve into what Bitcoin NFTs are and how they are created, as well as explore the current trends surrounding this innovative technology.
UNDERSTANDING BITCOIN NFTs
Bitcoin NFTs represent ownership of digital assets, such as artwork, collectibles, and in-game items.
Each NFT has a unique cryptographic signature that verifies it authenticity and ownership. This means that each NFTs is one-of-a-kind and cannot be replaced or replicated. This uniqueness is what underpins the value and appeal of NFTs in the digital realm.
CREATION OF BITCOIN NFTS:
The creation of Bitcoin NFTs involve a process known as "Ordinal inscription" where data is directly inscribed on-chain within the Bitcoin network. This method differs from Ethereum NFTs which rely on off-chain metadata that can be altered.
Ordinal inscription allow for all data to be permanently recorded on the blockchain, ensuring transparency and immutability in token ownership.
the process of creating a Bitcoin NFTs involved several steps. First, the digital asset is created or selected, such as a piece of artwork or an in-game item. Next, the item is tokenized by creating a unique cryptographic signature that represents ownership. This signature is then inscribed on the Bitcoin blockchain using Ordinal inscriptions. Once the inscription is complete, the NFT is created and can be bought, sold, or traded on various online marketplace.
The trends of Bitcoin NFTs is rapidly evolving, with a surge in interest and adoption witnessed across the cryptocurrency space.
Recent data indicates that Bitcoin NFTs have surpassed Ethereum NFTs in trading volume. Signaling a shift towards the Bitcoin blockchain for NFT transactions.
Some Examples Of Bitcoin NFTs Includes:
1️⃣RARE PEPES: The first NFT collection ever released on Bitcoin, created in September 2016 using the counterparty protocol. Despite their limited utility due to the constraints of counterparty's scripting language at the time, Rare pepes land the foundation for subsequent Bitcoin NFT projects and highlighted the potential for digital collectibles on the Bitcoin network.
2️⃣BITMAP: A metaverse project in the Bitcoin ecosystem based on an open source standard protocol proposed on Ordinals, primarily for the primary market sale of virtual land. What set Bitmap apart is it unique binding to blocks, creating inherent scarcity within it virtual land offerings.
3️⃣ ORDINAL PUNKS NFT series: A collection of NFTs on the Bitcoin blockchain, with examples like mineral having a market cap of 379.6btc (approximately $19.8M). This series symbolizes the intersection of art, technology and blockchain innovation, showcasing the potential for both creative expression and value generation.
HOW TO MAKE YOUR OWN BITCOIN NFT
Creating your Bitcoin NFTs on the blockchain is a relatively straightforward process and there are several tools and platforms available to help you get started. Here are the basic steps:
👉 Choose Your Digital Assets: the first step in creating an NFT is to choose the digital asset that you want to tokenized, this could be a piece of artwork, a collectible in-game item, or any other type digital asset.
👉Create a Digital Representation: once you have chosen your digital asset, you will need to create a digital representation of it. This could be a digital file such as a JPEG or PNG image, or it could be 3D model or other type of digital asset.
👉Mint Your NFT: you can mint you NFTs using a platform that supports Ordinal inscription on the Bitcoin blockchain, there are several platforms available including Raretoshi, Counterparty, and Tokenly. These platform provide tools for creating and managing NFTs on the Bitcoin blockchain.
👉Set Your Metadata: when you mint your NFT, you will need to set it metadata which includes information about the asset, such as name, description, and image.this Metadata is stored on the blockchain along with the NFT and it provides important context and information about the asset.
👉List Your NFT For Sale: you can list your NFT for sale on an online marketplace that supports NFTs on the Bitcoin blockchain(Binance NFT Marketplace), users can trade NFTs on the Binance NFT Marketplace by holding BTC or other crypto on their spot wallet.
👉 Promote Your NFT: once your NFT is listed for sale, you will need to promote it to potential buyers. This could involve sharing it on social media, creating website or blog to showcase it, or reaching out to collectors and investors in the NFTs community .
MARKET DYNAMICS AND CHALLENGES.
While Bitcoin NFTs are gaining momentum, challenges such as scalability and accessibility remain key area of focus for developers and users. The integration of Ordinals into the Bitcoin ecosystem has raised debate regarding block space usage and transaction costs. As more Ordinals are inscribed with additional data like images and audio clips, concern about on chain congestion and confirmation times have surfaced.
Scalability is a major challenge for the Bitcoin blockchain, as it has a limited capacity for processing transactions. This means that as more NFTs are created and traded on the blockchain, it could become congested and slow, leading to higher transaction fee and longer confirmation times. To address this challenge, developers are exploring ways to increase the scalability of the Bitcoin blockchain, such as through the Use of layer2 solutions like the lightning network.
Accessibility is another challenge for the Bitcoin NFTs, as they require a certain level of technical expertise to create and trade. This can be a barrier for entry to some users who may not have the necessary skills or resources to participate in the NFTs market. To address this challenge, developers are working to create more user friendly tools and platforms for creating and trading NFTs in the Bitcoin blockchain.
At the end of the day Bitcoin NFTs represent a model shift in how digital assets are tokenized and traded within the cryptocurrency ecosystem. The future of Bitcoin NFTs holds immense potential for reshaping the landscape of digital ownership and value exchange as this trends continue to witness how Bitcoin NFTs conquers the new market height....
Thank you for reading.
If you liked this article, pls do like, comment, share this post, and especially follow @King_of_info-001 and stay tuned, it motivate me for more research on financial freedom, #WAGMI #BitcoinNFTs #BNBChain #HotTrends 💯#trendingnews
Firstly, let's delve into what Bitcoin NFTs are and how they are created, as well as explore the current trends surrounding this innovative technology.
UNDERSTANDING BITCOIN NFTs
Bitcoin NFTs represent ownership of digital assets, such as artwork, collectibles, and in-game items.
Each NFT has a unique cryptographic signature that verifies it authenticity and ownership. This means that each NFTs is one-of-a-kind and cannot be replaced or replicated. This uniqueness is what underpins the value and appeal of NFTs in the digital realm.
CREATION OF BITCOIN NFTS:
The creation of Bitcoin NFTs involve a process known as "Ordinal inscription" where data is directly inscribed on-chain within the Bitcoin network. This method differs from Ethereum NFTs which rely on off-chain metadata that can be altered.
Ordinal inscription allow for all data to be permanently recorded on the blockchain, ensuring transparency and immutability in token ownership.
the process of creating a Bitcoin NFTs involved several steps. First, the digital asset is created or selected, such as a piece of artwork or an in-game item. Next, the item is tokenized by creating a unique cryptographic signature that represents ownership. This signature is then inscribed on the Bitcoin blockchain using Ordinal inscriptions. Once the inscription is complete, the NFT is created and can be bought, sold, or traded on various online marketplace.
The trends of Bitcoin NFTs is rapidly evolving, with a surge in interest and adoption witnessed across the cryptocurrency space.
Recent data indicates that Bitcoin NFTs have surpassed Ethereum NFTs in trading volume. Signaling a shift towards the Bitcoin blockchain for NFT transactions.
Some Examples Of Bitcoin NFTs Includes:
1️⃣RARE PEPES: The first NFT collection ever released on Bitcoin, created in September 2016 using the counterparty protocol. Despite their limited utility due to the constraints of counterparty's scripting language at the time, Rare pepes land the foundation for subsequent Bitcoin NFT projects and highlighted the potential for digital collectibles on the Bitcoin network.
2️⃣BITMAP: A metaverse project in the Bitcoin ecosystem based on an open source standard protocol proposed on Ordinals, primarily for the primary market sale of virtual land. What set Bitmap apart is it unique binding to blocks, creating inherent scarcity within it virtual land offerings.
3️⃣ ORDINAL PUNKS NFT series: A collection of NFTs on the Bitcoin blockchain, with examples like mineral having a market cap of 379.6btc (approximately $19.8M). This series symbolizes the intersection of art, technology and blockchain innovation, showcasing the potential for both creative expression and value generation.
HOW TO MAKE YOUR OWN BITCOIN NFT
Creating your Bitcoin NFTs on the blockchain is a relatively straightforward process and there are several tools and platforms available to help you get started. Here are the basic steps:
👉 Choose Your Digital Assets: the first step in creating an NFT is to choose the digital asset that you want to tokenized, this could be a piece of artwork, a collectible in-game item, or any other type digital asset.
👉Create a Digital Representation: once you have chosen your digital asset, you will need to create a digital representation of it. This could be a digital file such as a JPEG or PNG image, or it could be 3D model or other type of digital asset.
👉Mint Your NFT: you can mint you NFTs using a platform that supports Ordinal inscription on the Bitcoin blockchain, there are several platforms available including Raretoshi, Counterparty, and Tokenly. These platform provide tools for creating and managing NFTs on the Bitcoin blockchain.
👉Set Your Metadata: when you mint your NFT, you will need to set it metadata which includes information about the asset, such as name, description, and image.this Metadata is stored on the blockchain along with the NFT and it provides important context and information about the asset.
👉List Your NFT For Sale: you can list your NFT for sale on an online marketplace that supports NFTs on the Bitcoin blockchain(Binance NFT Marketplace), users can trade NFTs on the Binance NFT Marketplace by holding BTC or other crypto on their spot wallet.
👉 Promote Your NFT: once your NFT is listed for sale, you will need to promote it to potential buyers. This could involve sharing it on social media, creating website or blog to showcase it, or reaching out to collectors and investors in the NFTs community .
MARKET DYNAMICS AND CHALLENGES.
While Bitcoin NFTs are gaining momentum, challenges such as scalability and accessibility remain key area of focus for developers and users. The integration of Ordinals into the Bitcoin ecosystem has raised debate regarding block space usage and transaction costs. As more Ordinals are inscribed with additional data like images and audio clips, concern about on chain congestion and confirmation times have surfaced.
Scalability is a major challenge for the Bitcoin blockchain, as it has a limited capacity for processing transactions. This means that as more NFTs are created and traded on the blockchain, it could become congested and slow, leading to higher transaction fee and longer confirmation times. To address this challenge, developers are exploring ways to increase the scalability of the Bitcoin blockchain, such as through the Use of layer2 solutions like the lightning network.
Accessibility is another challenge for the Bitcoin NFTs, as they require a certain level of technical expertise to create and trade. This can be a barrier for entry to some users who may not have the necessary skills or resources to participate in the NFTs market. To address this challenge, developers are working to create more user friendly tools and platforms for creating and trading NFTs in the Bitcoin blockchain.
At the end of the day Bitcoin NFTs represent a model shift in how digital assets are tokenized and traded within the cryptocurrency ecosystem. The future of Bitcoin NFTs holds immense potential for reshaping the landscape of digital ownership and value exchange as this trends continue to witness how Bitcoin NFTs conquers the new market height....
Thank you for reading.
If you liked this article, pls do like, comment, share this post, and especially follow @King_of_info-001 and stay tuned, it motivate me for more research on financial freedom, #WAGMI #BitcoinNFTs #BNBChain #HotTrends 💯#trendingnews
Hi Binance Square !
Kindly check my pinned post to read the first #EducationalPost
Yesterday we talk about Consensus Mechanism
where i already mention about how Proof of Work in $BTC works.
Today, let's dive in to other Consensus Mechanism in our Web3 Realm Right Now
- Proof Of Stake (PoS)
This type of consensus is used widely in ethereum based blockchain. Validators are required to hold and stake token for the privilege of being chosen as a validator.
The odds rely on the token stake size from each validator.
Imagine the chain "owner" having some super computational power computer (not one but not as much as PoW) this reduce the (1)energy costs, (2)Increase security and offering community control.
in the simplest terms. PoW investment is an expensive super computer, while in PoS you need to hold or stake some specific amount of token. in $ETH for example you need at least 32 ETH to be able to run node and consider as a validator.
The reward for validators is gasfee, while miners in bitcoin is given a block reward in form of #BTC itself.
If you heard about halving, then it's about the amount of BTC reward for the miners. Reduced by 50% in every cycle. Where the maximum supply of BTC is fixed at 21M Coins. That's why each halving make BTC Prices surges. Logically speaking, miners got less coin means that a single txn validating cost is also higher.
The increase price of BTC compensate the reduced reward for the miners.
That's for today.
No need to rush if you wanna learn a lot about Web3 and Blockchain.
I'll try to write educational content each and every day for you. I know it's difficult to understand. But, bear with me because i can tell that if you learn the basic. The rest gonna be easier for you.
Always, CMIIW and DYOR.
#WAGMI guys !
#Write2Earn
#Mistercuan168
Kindly check my pinned post to read the first #EducationalPost
Yesterday we talk about Consensus Mechanism
where i already mention about how Proof of Work in $BTC works.
Today, let's dive in to other Consensus Mechanism in our Web3 Realm Right Now
- Proof Of Stake (PoS)
This type of consensus is used widely in ethereum based blockchain. Validators are required to hold and stake token for the privilege of being chosen as a validator.
The odds rely on the token stake size from each validator.
Imagine the chain "owner" having some super computational power computer (not one but not as much as PoW) this reduce the (1)energy costs, (2)Increase security and offering community control.
in the simplest terms. PoW investment is an expensive super computer, while in PoS you need to hold or stake some specific amount of token. in $ETH for example you need at least 32 ETH to be able to run node and consider as a validator.
The reward for validators is gasfee, while miners in bitcoin is given a block reward in form of #BTC itself.
If you heard about halving, then it's about the amount of BTC reward for the miners. Reduced by 50% in every cycle. Where the maximum supply of BTC is fixed at 21M Coins. That's why each halving make BTC Prices surges. Logically speaking, miners got less coin means that a single txn validating cost is also higher.
The increase price of BTC compensate the reduced reward for the miners.
That's for today.
No need to rush if you wanna learn a lot about Web3 and Blockchain.
I'll try to write educational content each and every day for you. I know it's difficult to understand. But, bear with me because i can tell that if you learn the basic. The rest gonna be easier for you.
Always, CMIIW and DYOR.
#WAGMI guys !
#Write2Earn
#Mistercuan168