What exactly IS the blockchain? At its core, the blockchain is a ledger â a series of records and data points, like a spreadsheet or old accounting book. Unlike spreadsheets or old books, though, the blockchain is decentralized â instead of it being stored in one place, itâs stored across different computers across a network and around the world. Essentially, thereâs no single book that can be easily lost or updated. Instead, the data is verified by checking the blocks (or bundles of transactions) across different validator nodes. There are a few different blockchain protocols that people can use, such as Solana, Bitcoin, and many, many others. People can use blockchain technology as a way to store data, value, and â in the case of Solana and certain other protocols, run programs. How does that relate to cryptocurrency? Well, letâs start with some definitions first. Cryptography is the art of keeping things secure. Youâve probably encountered this before, through encrypted data and passwords. Cryptocurrency, then, is a type of currency that is based on cryptography. Rather than the ledger being centralized, transactions are decentralized â thereâs no single authority validating everything â and as secure as other encrypted data. The translation? Itâs a very safe way of storing data and value with no choke points or central points of failure and which is very difficult to manipulate. So what exactly is a coin? What is a token? Whatâs the difference between coins and tokens? All blockchain protocols have coins that represent value and can be traded. On Solana, this coin is called SOL. Tokens, meanwhile, are built by individual projects on top of a base blockchain protocol. All blockchain projects are âtokenized,â and the Solana protocol is open for anyone to build their own tokens on top of it. Tokens are used to actually do stuff on the blockchain through trading, including executing âsmart contracts.â Okay, wait. What is a smart contract? A smart contract is a contract that is written into the code of a blockchain and executed automatically when terms are met. Itâs something that Solana and certain other protocols can do, but some other blockchains â most notably Bitcoin â cannot. Think of a regular contract like a housing lease agreement. You pay rent; in exchange, you have a place to live. If you no longer have a place to live, you no longer pay rent; if you donât pay rent, youâll be kicked out. In a regular contract, the execution depends on the humans. A tenant fulfills their obligations of the lease and monitors that a landlord fulfills theirs, and vice versa. With a smart contract, however, that execution is hardcoded in software, and software determines when conditions are met. That allows people to build some really cool functionality and dApps. DApps? What are dApps? A dApp is a decentralized application, or app that uses smart contracts. Any crypto program â like a marketplace, blockchain game, or tool used for DAO governance â is a dApp. DApps are the tools you use to do things on the blockchain, whether thatâs buying some art, voting in your decentralized organization, paying without intermediaries, or participating in decentralized finance. And what is web3? Web3 is the next iteration of the internet. Each iteration of the internet has been based on specific ideas: If web 1.0 was static websites and hyperlinking (like AOL or GeoCities) and web2 was social media (like Twitter, Facebook, and so on), web3 is built around the idea of decentralization. Instead of an internet controlled by a handful of powerful, large platforms, web3 is built around the idea of a diffuse internet that anyone can support and control. Think of it as a return to early internet values â web3 is an era that removes gatekeepers and centralized ânews feedâ silliness. Itâs a world that can be built on the blockchain, using smart contracts. Oooookay, so I think Iâm starting to get this. So what exactly is the advantage of all this decentralization? When the network isnât controlled by a single entity, that means⊠People who traditionally havenât had access to banking have the ability to participate in the financial system.You can pay for your favorite coffee without any fees or intermediaries.Networks canât be compromised or shut down due to one large controlling entity, like a nation state or powerful platform.Users themselves can easily have a stake or buy into the platforms they are using, voting on the future of a video game metaverse.And much more. Thatâs the really exciting part of all this. Itâs all extremely early in the web3 revolution, and you can watch it all happen and be a part of it â because web3 is all about community and participation. All these use cases are being built right now by developers around the world and you can help out by joining in.
With 10M in cryto reward both future and spot trading
Key Dates and Milestones October 3, 2024: Pre-registration opens for solo competition categories across Spot and Futures Traders League. October 3, 2024: Spot limited-time mission campaign and Futures welcome offer begins. October 8, 2024: Spot Solo competitions and Futures Solo Competition officially begins. October 10, 2024: Futures team competition registration begins. October 17, 2024: Futures team competition kicks off. #BNB $BNB
Hamster Kombat is a crypto exchange CEO simulator game built on Telegram with 300M players on board.
Launched in March 2024, Hamster Kombat has already set the list of records: 1. The largest Telegram channel ever (52 million subscribers) 2. The fastest YouTube channel to get 10 million subscribers â it took us only 6 days 3. The fastest product to get 100 million players - it took us 2 months 4. The largest crypto game ever
Total supply = 100B $HMSTR
đ„And exiting for CEOs now that HMSTR is 58th Binance launch pool Binance launchpool 58th! - Duration = 3 days, 23-26 Sep 2024 - Launchpool reward = 3B (3% of total suply)
Who can attend? All Binance users lock BNB and FDUSD will be rewarded.
Hamster Combat: A Crypto Exchange CEO Simulator game built on Telegram mini-app platform
đ HMSTR is native utility token - In-game currency: Purchase in-game items (E.g. character skins) , upgrades & services (E.g. Premium support assistance, community tools & SDK for game developers.) - Exclusive access: Enable access to time limited events, squad activities, PvP battles & live events. đ And it will be the 58th Binance launchpool project
Catizen (CATI) is currently in Binance launchpool. Binance users can lock BNB or FDUSD to earn free $CATI token đ 1 D, 7 hour before it ends, so lock your BNB or FDUSD if you have it or buy from Binance spot. Launchool Catizen
Today, I am going to share about TON blockchain and how to benefit recently from TON in Binance.
What is TON?
A decentralized and open internet, created by the community using a technology designed by Telegram.
If you have telegram account, then it will be easy like that to use TON.
TON is the native token of TON blockchain and now listed in Binance, the biggest exchange in crypto space.
Binance also introduce Binance super earn.
Binance Super Earn is a new way for users to earn a Special APR with selected newly listed tokens right after listing using Simple Earn Locked Products.
Subscribe to TON super earn TON super earn
++ Also now Binance has introduce 56th project on Binance launchpool is TON. You can stake your BNB or FDUSD to farm TON tokens for 20 days 2024-08-15 00:00 UTC 56th of Binance launchpool TON
đ Scammer trying not to release crypto by claiming they having issue with OTP etc. đ Scammer asking buyer to provide his Binance ID or wallet address and he will send instead but unless buyer cancel order.
đ€·Never cancel order without receiving fund by seller releasing, even what he says. đ€Appeal the order, upload proof of payment. CS will come to help and handle the case and release order for you.