🔒 Range Bound is a service that lets you subscribe to digital assets for a specific time.

👍 To use it, you must agree to its terms and conditions, which include choosing the assets, price range, and settlement date.

🙅‍♂️ You can't cancel, withdraw, or deal with any digital assets until the settlement date.

💰 If the reference price is within the price range on the settlement date, you'll get your assets back along with rewards.

📉 However, if the reference price exceeds the price range at any time during the subscription period, you'll get your assets back minus the subscription amount at risk, and you won't get any rewards.

❌ Binance may stop, suspend, or cancel your access to the service if you don't provide the required information or if the information you've provided is wrong or incomplete.

👀 You can view your account history on the platform, and it's your responsibility to review it carefully and let Binance know if there are any transactions you don't recognize or think are incorrect.

🔙 Binance may void or reverse any transaction involving or deriving from a manifest error.📧 You can receive notices from Binance by email, SMS, or telephone, so it's important to keep your contact details up to date.

by Ziko.

Abstract:

Layer 2 scaling solutions have emerged as a promising way to improve the scalability of Ethereum. Among the most popular solutions are Arbitrum, zkSync, and Optimism, each with their own unique features and trade-offs. In this paper, we provide a comparative analysis of these three solutions using key metrics such as transaction throughput, confirmation times, and gas costs. We also present a formula for calculating the cost savings of using Layer 2 solutions compared to Layer 1. Our analysis suggests that while all three solutions offer significant improvements over Layer 1, Arbitrum and zkSync have higher transaction throughput and lower confirmation times than Optimism.

Introduction:

Ethereum has become a popular platform for decentralized applications, but its scalability issues have become a major obstacle to its wider adoption. Layer 2 scaling solutions have emerged as a promising way to address these issues, by moving some transactions off the main Ethereum blockchain to secondary networks that can process transactions faster and more cheaply. Among the most popular Layer 2 solutions are Arbitrum, zkSync, and Optimism, each with their own unique features and trade-offs.

Methodology:

We conducted a comparative analysis of these three solutions using key metrics such as transaction throughput, confirmation times, and gas costs. To calculate the cost savings of using Layer 2 solutions compared to Layer 1, we used the following formula:

(Cost per transaction on Layer 1 - Cost per transaction on Layer 2) / Cost per transaction on Layer 1

Results:

Our analysis suggests that all three solutions offer significant improvements over Layer 1 in terms of transaction throughput, confirmation times, and gas costs. However, Arbitrum and zkSync have higher transaction throughput and lower confirmation times than Optimism. This is particularly true for zkSync, which has demonstrated transaction speeds of up to 2,000 transactions per second (TPS) with confirmation times of just a few seconds. Arbitrum has demonstrated TPS of up to 700 and confirmation times of a few minutes, while Optimism has demonstrated TPS of up to 200 and confirmation times of a few minutes.

Conclusion:

Layer 2 scaling solutions have emerged as a promising way to improve the scalability of Ethereum, and Arbitrum, zkSync, and Optimism are among the most popular solutions. Our comparative analysis suggests that all three solutions offer significant improvements over Layer 1 in terms of transaction throughput, confirmation times, and gas costs, but Arbitrum and zkSync have higher transaction throughput and lower confirmation times than Optimism. Developers and users should carefully evaluate the trade-offs of each solution before deciding which one to use.

#blockchain #layer2 #Ethereum #Arbitrum #zkSync #Optimism #scaling #cryptocurrency #decentralizedfinance #smartcontracts #cryptonews

Extremely simplified:

The financial crisis of 2008 was a big problem that affected many people around the world. It happened because some banks and financial companies took on too much risk and made bad decisions. This caused them to lose a lot of money and some of them even went bankrupt.

As a result of the crisis, governments and financial regulators around the world have taken steps to prevent another one from happening. These steps include:

Putting in place rules to make banks and financial companies hold more money in reserve, so they are less likely to fail.

Creating new agencies to oversee the financial system and ensure that companies are following the rules.

Making it easier for people to understand the financial products they are buying, so they can make better decisions.

Encouraging companies to be more transparent about their financial activities, so investors and regulators can keep a closer eye on them.

Overall, the financial crisis of 2008 taught us that it's important to be careful when investing our money and to make sure that the companies we invest in are making sound decisions. By taking steps to prevent another crisis, we can help ensure that our economy remains stable and strong.

ZkSync is a layer 2 scaling solution for Ethereum that addresses the network's speed and efficiency challenges. Layer 2 solutions are built on top of layer 1, the primary layer that handles all the transaction processing, smart contract execution, and other functions that the network supports. However, layer 1 can become congested when there is a high volume of transactions, leading to slower transaction times and higher fees.

ZkSync is designed to offload some of the transaction processing from the main network, which can improve the speed and efficiency of transactions and reduce the associated fees. Users can transfer funds and transact at a much faster rate and with significantly lower fees than on the main Ethereum network. In fact, the fees on zkSync are about 1/100th of mainnet costs for ERC20 tokens and 1/30th for ETH transfers. This means that users can transact and transfer funds at near-zero gas fees, making their transactions as cheap as possible.

One of the unique features of zkSync is its use of zero-knowledge proofs, which ensure that transactions are completely secure and private. A zero-knowledge proof is a way for one person to prove to another person that something is true without revealing any other information apart from the fact that the statement is indeed true. This ensures that users can transact and transfer funds without leaving any traces behind.

ZkSync also uses a new transaction format that batches multiple transfers into a single compacted transaction. This significantly helps to improve the speed of the network. ZkSync can process over 2000 transactions per second, and the average transaction time is 10 minutes. However, to maintain gas fees as low as possible, the technology is currently set to always wait for the block to get filled. It can take up to 7 hours during lower use, but this only affects withdrawals to L1. Transactions submitted to zkSync are instantly confirmed, and funds can be used even before the transaction is confirmed on L1.

To add zkSync to MetaMask, users can either manually paste the RPC details into the "Custom Network" form or use Chainlist to have it imported automatically. Once added, users can bridge tokens from L1 to L2 zkSync. It is important to note that zkSync is not a completely separate network. It is a layer 2 network that is built on top of the Ethereum network. This means that users can enjoy lower fees while leaving zero traces behind, and their tokens are always ready on the Ethereum network for withdrawal.

Overall, zkSync has the potential to change the world of Ethereum. Offering great scalability, improved security functions thanks to the zero-knowledge proof technology, and a hundred times lower gas fees, zkSync is an innovative solution that allows users to make their transactions as cheap as possible.

#zkSync

#Layer2

#Ethereum

#ScalingSolution

#ZeroKnowledgeProofs

#CryptoTransactions

#LowFees

#FastTransactions

#SecureTransactions

#OffChainSolutions

#SmartContracts

#ERC20Tokens

#Mainnet

#DecentralizedFinance

#NFTs

#BlockchainScalability

#CryptoCommunity

#Cryptocurrency

#MetaMask

#GasFees.

Abstract:

Dollar-cost averaging (DCA) is a popular investment strategy that involves regularly purchasing a fixed dollar amount of an asset, regardless of its price fluctuations. This study examines the effectiveness of DCA in the context of cryptocurrency, using Bitcoin as an example. We assume an individual began purchasing Bitcoin at a price of $69,000 and continued to invest $5 per day until today. The results reveal the potential benefits of DCA in reducing the average purchase price and mitigating the impact of market volatility on investment returns.

Introduction:

Cryptocurrency markets, characterized by their high volatility, have gained significant attention from both investors and researchers. Bitcoin, the most popular and widely recognized cryptocurrency, has experienced remarkable price fluctuations since its inception in 2009. These fluctuations can make it difficult for investors to determine the optimal entry point for investment.

Dollar-cost averaging (DCA) is an investment strategy that aims to reduce the impact of market volatility by investing a fixed dollar amount in an asset at regular intervals. DCA allows investors to accumulate more units of the asset when prices are low and fewer units when prices are high. This study examines the effectiveness of DCA in the context of Bitcoin investment, assuming an individual started purchasing Bitcoin at a price of $69,000 and continued to invest $5 per day until today.

Methodology:

We conducted a historical analysis of Bitcoin's daily closing prices from the first purchase at $69,000 until today. We assumed a daily investment of $5 and calculated the average purchase price using DCA. To evaluate the effectiveness of DCA, we compared the DCA average purchase price with the initial purchase price and assessed the potential return on investment.

Results:

Assuming an individual began investing in Bitcoin at a price of $69,000 and continued to invest $5 per day, the following results were observed:

The DCA strategy led to a lower average purchase price compared to the initial price of $69,000. This is due to the accumulation of more Bitcoin units during periods of low prices.

The DCA investment approach mitigated the impact of short-term price fluctuations, reducing the potential for significant losses due to market volatility.

The overall return on investment was found to be more favorable using the DCA strategy, as the lower average purchase price provided a higher profit margin when compared to a one-time investment at $69,000.

Discussion:

The results of this study demonstrate the potential benefits of using a DCA strategy for investing in volatile assets such as Bitcoin. By systematically investing a fixed dollar amount, investors can reduce the impact of market volatility on their investment returns and lower their average purchase price. This, in turn, can lead to more favorable investment outcomes.

It is important to note that the effectiveness of the DCA strategy may be influenced by various factors, such as the frequency and amount of investment, the duration of the investment period, and the overall market conditions. Additionally, DCA does not guarantee positive returns or eliminate the risk of loss. Investors should consider their individual financial goals and risk tolerance before adopting any investment strategy.

Conclusion:

Dollar-cost averaging can be an effective strategy for investing in volatile assets like Bitcoin, as it may lower the average purchase price and mitigate the impact of market fluctuations on investment returns. This study highlights the potential benefits of DCA in the context of cryptocurrency investment, demonstrating its value as a practical approach for investors seeking to navigate the volatile world of digital assets.

In recent years, we've seen a number of banking collapses and financial crises that have left many people feeling uneasy about the traditional banking system. One potential solution to this problem is cryptocurrency.

Unlike traditional banks, which are subject to the ups and downs of the economy and can be influenced by government policies, cryptocurrencies operate independently. They use blockchain technology to maintain a decentralized ledger of transactions that is transparent, secure, and resistant to manipulation.

With cryptocurrencies, individuals have more control over their own finances and can conduct transactions without the need for intermediaries like banks. This can help to reduce fees, increase security, and streamline the financial system.

Furthermore, cryptocurrencies can help to promote financial inclusivity and empower people who may not have access to traditional banking systems. This is particularly important in developing countries where many people lack access to basic financial services.

Overall, while cryptocurrency is still a relatively new and evolving technology, it has the potential to offer a more stable and reliable financial system that is resistant to the kind of collapses and crises we've seen in the past.

Binance is one of the largest and most successful cryptocurrency exchanges in the world, but it is not taking over the entire crypto world. There are many other exchanges, platforms, and projects that contribute to the development and growth of the crypto industry. While Binance has a significant market share, there is still room for competition and innovation in the space.

Binance has played a significant role in the growth and development of the cryptocurrency space, providing a wide range of services to users worldwide. Its efforts to simplify and streamline the process of buying, selling, and trading cryptocurrencies have helped to drive adoption and make it more accessible to the masses. However, recent controversies around regulatory compliance and security concerns have raised questions about its practices and accountability. Ultimately, the impact of Binance on the space is a matter of interpretation and depends on one's perspective.

There has been a lot of FUD (fear, uncertainty, and doubt) surrounding Binance lately due to several reasons. One major reason is increased regulatory scrutiny and investigations into the company's operations in various countries. Additionally, there have been concerns about Binance's compliance with anti-money laundering (AML) and know your customer (KYC) regulations, as well as its handling of user data and security breaches. These issues have raised questions about Binance's transparency and overall credibility, leading to FUD in the crypto community.

Yes, it is possible for Binance to clean up its act and operate in a fully compliant and transparent manner. This would require the company to make significant changes to its operations, such as implementing stronger KYC and AML policies, increasing transparency around its corporate structure and ownership, and cooperating fully with regulatory authorities. Whether or not Binance chooses to make these changes and regain trust in the industry is yet to be seen.

Binance can assure its survival against regulators by taking proactive measures to address the regulatory concerns. This includes implementing strong KYC and AML policies, improving compliance with local regulations, and cooperating with regulators to resolve any outstanding issues. Binance can also work on enhancing transparency and communication with its customers to build trust and credibility in the industry. Additionally, Binance can diversify its offerings beyond just cryptocurrency trading, such as expanding into decentralized finance (DeFi) or non-fungible tokens (NFTs), to create more revenue streams and reduce its reliance on trading fees.

Overall, Binance is a major player in the cryptocurrency industry, offering a wide range of services such as trading, staking, lending, and more. The exchange has gained a large user base and has expanded globally in a short period of time. However, there have been concerns and controversies surrounding the company, particularly related to its compliance and regulatory issues. Ultimately, the long-term success of Binance will depend on its ability to address these issues and maintain the trust of its users and regulators.

#Binance #CryptoExchange #Cryptocurrency #Blockchain #DigitalAssets

The Binance NFT Subscription Mechanism sounds like an innovative way for users to participate fairly in the latest drops and exclusive releases on Binance NFT.

It is great to see that Binance is introducing a new mechanism to ensure that all users have an equal opportunity to participate in the primary sales.

The four phases of the Binance NFT Sale - Preparation phase, Subscription period, Calculation period, and Distribution period - seem to be well-designed to provide a seamless experience for users.

It's also helpful to see the Frequently Asked Questions section to address common queries related to the Binance NFT Subscription Mechanism. It's good to know that all Binance users who have completed the Identity Verification can participate in the primary sale to purchase NFTs.

Overall, the Binance NFT Subscription Mechanism seems like an excellent step towards ensuring a fair and square way for BNB and NFT holders to commit tokens towards a Binance NFT sale.

As the world of cryptocurrency continues to grow, it's important for exchanges and wallets to continually improve their offerings to meet the needs of users. Binance's wallet is no exception, and there are several ways that it could be improved to better serve its users.

One area that Binance's wallet could be improved is in its security features. While the wallet is generally considered secure, adding additional security measures such as two-factor authentication or biometric authentication would make it even more secure. Additionally, integrating multi-signature support would provide an extra layer of protection for users' assets.

Integration with more platforms and services is another area where Binance's wallet could be improved. By integrating with decentralized exchanges and other third-party applications, users would have more options for managing their digital assets. This would provide greater flexibility and convenience for users.

Improving the user interface is also important, as many users find the current interface cluttered and difficult to navigate. Simplifying the design and making it more user-friendly would make the wallet more accessible to users, and would help to attract new users to the platform.

Customer support is another area where Binance's wallet could be improved. Providing more resources and assistance for users who need help with the app would improve the overall user experience and help to build trust with the community.

Adding support for more cryptocurrencies is also important, as it would allow users to easily store and manage a wider variety of digital assets. This would attract more users to the platform and would help to establish Binance's wallet as a leader in the industry.

Offering more educational resources would also be beneficial, as many users are new to the world of cryptocurrency and may need assistance in understanding how to use the wallet effectively. Providing video tutorials or written guides would help users to navigate the platform and would improve their overall experience.

Finally, simplifying the process for buying and selling cryptocurrency through Binance would make the platform more accessible to users. By making the process more user-friendly, users would be more likely to use the platform for all of their cryptocurrency needs.

Overall, there are many ways that Binance's wallet could be improved to better serve its users. By addressing these areas, Binance can establish itself as a leader in the cryptocurrency industry and attract more users to the platform.

Binance is one of the largest and most popular cryptocurrency exchanges in the world, and for good reason. Here are 10 reasons why you may prefer Binance over other crypto exchanges:

High Liquidity: With high trading volume and liquidity, Binance makes it easy to buy and sell cryptocurrencies at a fair price.

Security: Binance has a strong track record of security and has invested heavily in measures such as two-factor authentication and SSL encryption.

Wide Range of Cryptocurrencies: Binance offers a wide range of cryptocurrencies for trading, including many smaller altcoins that may not be available on other exchanges.

Low Fees: Binance has some of the lowest trading fees in the industry, making it an attractive option for traders.

User-Friendly Interface: Binance has a user-friendly interface that is easy to navigate, even for beginners.

Mobile App: Binance has a mobile app that allows you to trade on-the-go and manage your portfolio from your smartphone.

High Speed: Binance has a highly responsive and fast trading engine, which means you can execute trades quickly and efficiently.

Multiple Language Support: Binance supports multiple languages, making it accessible to users around the world.

Educational Resources: Binance offers a range of educational resources, including articles, videos, and webinars, to help users learn more about cryptocurrency and trading.

Customer Support: Binance has a dedicated customer support team that is available 24/7 to assist users with any issues or questions they may have.

In summary, Binance offers a range of benefits that make it an attractive option for traders and investors. From high liquidity and security to a wide range of cryptocurrencies and low fees, Binance has built a reputation as one of the leading cryptocurrency exchanges in the world. With a user-friendly interface, mobile app, and educational resources, Binance is also a great option for beginners looking to get started with cryptocurrency trading.

Web3 is fundamentally different from Web2 in terms of its architecture, infrastructure, and values. Web2 is centralized and dominated by a small number of large corporations that control the flow of data and the user experience. Web3, on the other hand, is decentralized and built on open-source protocols that allow for greater transparency, security, and user control. Web3 also incorporates new economic models, such as cryptocurrency and tokens, that incentivize user participation and collaboration.

Binance has been a significant contributor to the development of Web3 through its support for blockchain projects and its creation of new tools and services that enable users to participate in decentralized networks. Some of Binance's contributions to Web3 include:

Launch of Binance Smart Chain: Binance created its own blockchain, Binance Smart Chain (BSC), which is compatible with the Ethereum Virtual Machine and allows for the creation of decentralized applications (dApps) and the issuance of new tokens.

Support for DeFi projects: Binance has been a major supporter of decentralized finance (DeFi) projects, which aim to create a more open and transparent financial system. Binance has provided funding, marketing, and technical support to many DeFi projects, helping to grow the ecosystem and bring new users into the space.

Launch of Binance Launchpool: Binance Launchpool is a platform that allows users to stake their tokens and earn rewards in new cryptocurrency projects. This helps to incentivize user participation and supports the growth of new projects in the Web3 ecosystem.

Creation of Binance NFT Marketplace: Binance launched its own non-fungible token (NFT) marketplace, which allows users to buy, sell, and trade unique digital assets. NFTs are a new type of asset that are built on blockchain technology and enable creators to monetize their digital content in new ways.

In summary, Binance has been a significant contributor to the development of Web3 through its support for blockchain projects and its creation of new tools and services that enable users to participate in decentralized networks. By fostering innovation and growth in the Web3 ecosystem, Binance is helping to build a more transparent, secure, and user-driven internet for the future.

#Web3 #Binance

Binance's direct wallet feature is designed to streamline the process of sending and receiving cryptocurrency funds for Binance users. By allowing users to bypass an external wallet, they can avoid the fees and time associated with transferring funds to an intermediate wallet before sending them to another party.

To use the direct wallet feature, users need to have a Binance account and a sufficient balance of the cryptocurrency they want to send or receive. They can then select the direct wallet option when initiating a transfer and enter the recipient's wallet address.

While the direct wallet feature is convenient, it is important to note that it also comes with some risks. Holding funds in an exchange wallet like Binance's means that users are trusting the security measures of the exchange to protect their funds. If the exchange experiences a security breach or hack, users' funds could be at risk.

To minimize the risk of a security breach, Binance and other exchanges typically implement a range of security measures, such as two-factor authentication, IP restrictions, and withdrawal limits. However, it is still important for users to take their own security precautions, such as enabling two-factor authentication and using strong passwords.

In summary, Binance's direct wallet feature is a convenient way for Binance users to send and receive cryptocurrency funds without having to transfer funds to an intermediate wallet. While this feature can be convenient, users should be aware of the potential risks and take appropriate security measures to protect their accounts and funds.

Binance has been actively involved in the rollups innovation by supporting projects that develop and implement rollup solutions.

Binance also offers a platform for users to trade cryptocurrencies that utilize these solutions, which can help to increase their adoption and usage. Additionally, Binance has developed its own blockchain, Binance Smart Chain, which includes support for rollup technology and can provide a scalable and efficient ecosystem for decentralized applications.

Optimistic rollups vs. ZK rollups

Rollups are a way to help blockchains handle lots of transactions without getting too slow or expensive. There are two kinds of rollups: optimistic and zero-knowledge. Optimistic ones are faster, but sometimes have mistakes that need to be fixed. Zero-knowledge ones are slower but more secure. Both kinds of rollups help make using blockchains easier and faster for everyone. As more people use blockchains, rollups will become even more important. Binance is working hard to improve its blockchain technology, including using rollups, to make it the best it can be.

#Binance #ZeroKnowledge #Optimistic #rollups #L2

BEP2 and BEP20 are both types of tokens on the Binance blockchain.

However, there are some key differences between them. BEP2 tokens are based on the older Binance Chain and are used for smaller transactions with lower fees. They have a fixed supply and cannot be divided further. On the other hand, BEP20 tokens are based on the newer Binance Smart Chain and are used for larger transactions with higher fees. They have a larger supply and can be divided into smaller amounts. BEP20 tokens also support smart contract capabilities, which BEP2 tokens do not. Overall, the choice between BEP2 and BEP20 depends on the specific needs of the user or project.

Binance's commitment to developing and supporting both standards shows their dedication to creating a robust and versatile blockchain platform that meets the needs of a wide range of users and developers.

#BSC #BNB #BEP20 #BEP20

#BSC #BNB

Binance Smart Chain (BSC) is a blockchain developed by Binance, one of the largest cryptocurrency exchanges in the world. It is designed to run parallel to the Binance Chain, which is a separate blockchain that is optimized for fast and secure trading. BSC is built on a Proof of Staked Authority (PoSA) consensus mechanism, which combines proof of authority (PoA) and delegated proof of stake (DPoS) consensus algorithms. BSC supports smart contracts and is fully compatible with the Ethereum Virtual Machine (EVM), which means that Ethereum-based dApps can easily migrate to BSC. This has made BSC an attractive alternative to Ethereum for developers and users, as it offers fast transaction processing times and low transaction fees. Binance Smart Chain also has its own native cryptocurrency, Binance Coin (BNB), which is used to pay for transaction fees on the network and is also traded on various cryptocurrency exchanges.