What Is Bitcoin Halving?

The Bitcoin Halving takes place about every four years and reduces the block reward by 50%. This lowers the supply of bitcoins entering the market, which increases scarcity and can act to raise its price if market conditions remain the same.

Block rewards are part of the blockchain's automatic process of validating transactions and opening new blocks (called mining). Miners, participants who compete in a race to solve a cryptographic puzzle, are given new bitcoins if they are the first to solve it.

Their block is added to the blockchain, they receive a reward, and the network starts another race. All miners confirm the data in the newly added block while trying to solve the puzzle for their own new blocks, hoping for an ever-decreasing reward.

KEY TAKEAWAYS

A Bitcoin halving event occurs about every four years when the reward for mining is cut in half.

Halvings reduce the rate at which new coins are created and thus lower the available amount of new supply.

Bitcoin last halved on April 19, 2024, resulting in a block reward of 3.125 BTC.

The final halving is expected to occur in 2140, when the number of bitcoins circulating will reach its maximum supply of 21 million.

Notcoin is a virtual currency that operates on a decentralized network using blockchain technology. It allows for secure, peer-to-peer transactions without the need for a central authority like a bank. Transactions are recorded on a public ledger called the blockchain, ensuring transparency and security. Users can mine Notcoin by solving complex mathematical problems, and the total supply of Notcoin is limited, making it a deflationary currency. People can buy, sell, or trade Notcoin on various cryptocurrency exchanges. It's essential to practice caution and research before investing in any cryptocurrency to understand the risks involved.

Some popular cryptocurrency exchanges that support Notcoin trading include Binance, Coinbase, Kraken, and Bittrex. These exchanges provide a platform for users to buy, sell, and trade Notcoin along with many other cryptocurrencies. It's advisable to compare factors like fees, security measures, and user reviews before choosing an exchange to trade Notcoin.

#ETHETFsApproved #altcoins Stay Tuned for Cristiano Ronaldo's Newest NFT Journey, Coming Soon to Binance

2024-05-24

Main Takeaways

Fans will soon be able to feel the thrill of Cristiano Ronaldo's journey with his latest NFT drop.

The first batch of NFTs will be released on Wednesday, May 29, at 08:00 (UTC) and will feature a whole new set of utilities that are better than ever.

With fixed pricing across most of the NFT collection suitable for any collector, this worldwide journey is for you: the football fan!

Cristiano Ronaldo is back soon with his latest NFT drop giving collectors the chance to experience his legacy like never before.

Note: This is a general announcement. Certain products and services may not be available in your region. 

From the towering headers to the heart-stopping bicycle kicks, we've witnessed greatness beyond compare while watching Cristiano Ronaldo on the pitch. His journey from humble roots in Madeira to an international footballing legacy has captivated millions.

No matter if you’re new to NFTs, a die-hard Cristiano Ronaldo fan, or are expanding your existing CR7 NFT collection, there’s utility and benefits for everyone who joins us for Cristiano's latest drop.

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Binance Opens Deposits, Withdrawals and Conversions of USD Coin Bridged (USDC.e) on Arbitrum Network

2023-11-09 10:19

Fellow Binancians,

Binance has opened deposits, withdrawals and conversions of USD Coin Bridged (USDC.e) on Arbitrum network. USD Coin Bridged (USDC.e) on Arbitrum network will assume “ARBUSDCE” as the ticker on Binance.

Users may start depositing or withdrawing USDC.e on the Arbitrum network now, and perform one-way conversions of their ARBUSDCE tokens to USD Coin (USDC) tokens on Binance Convert.

Notes:

Deposits and withdrawals of native USD Coin (USDC) via Arbitrum network are already supported on Binance. Refer to this announcement for more information.

Smart contract addresses on Arbitrum network

USD Coin Bridged (USDC.e) (i.e., ARBUSDCE on Binance): 0xff970a61a04b1ca14834a43f5de4533ebddb5cc8

Native USD Coin (USDC): 0xaf88d065e77c8cC2239327C5EDb3A432268e5831

Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

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Fellow Binancians,

Binance is launching a presale of Cloud Mining products for BTC mining. During the Subscription Period, users who purchase a new Cloud Mining product will stand to enjoy a 30% discount on cloud mining management fees. 

Subscription Period: 2023-11-09 02:00 (UTC) to 2023-12-28 02:00 (UTC)

Presale Details:

Subscription Format: First-come, first-served basis

Hashrate Fee: 0.040 USD/T/Day

Electricity Rate: 0.0531 USD/T/Day

Estimated Mining Start Time: 2024-01-17 04:00 (UTC)

Mining Duration: 90 Days

Notes:

Cloud Mining products in this presale are limited, and will be sold on a first-come, first-served basis. 

Users can purchase Cloud Mining products via the Binance App homepage. Simply click [More] on the homepage, and then click [Cloud Mining] under the [Earn] section to access Cloud Mining products.

If the mining hashrate cannot be delivered by 2024-01-17 04:00 (UTC) due to force majeure and other unforeseen factors, all impacted users will receive a refund on their purchases in their Spot Wallets.

Join the Presale of Cloud Mining Products Now!

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The Rollups-as-a-Service Primer

Binance Research (Shivam Sharma)

Nov 8th, 2023

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Rollups are the most popular types of Ethereum Layer-2 (“L2”) scaling solutions and are the primary venue for activity occurring outside the Layer-1 (“L1”). There are two types of rollup solutions: optimistic and zero-knowledge (“zk”).

A number of major rollups have recently launched solutions that make it possible for developers to launch new rollups based on their technology. Examples include Arbitrum’s Orbit chains, Optimism’s OP Stack chains, and zkSync’s Hyperchains.

Rollup-as-a-service (“RaaS”) providers are the next step within the ecosystem. RaaS providers help users deploy and maintain their own rollups. To facilitate this, they provide a range of solutions and services, from rollup management to no-code deployment.

In general, developers can choose to deploy their dApp on an existing L1, deploy on a L2, create their own appchain, or launch a rollup. There are various advantages and considerations for each option. However, launching a rollup might provide the ideal balance between customization, performance, and effort, especially when considering the level of ease that RaaS solutions provide.

Conduit has been a notable early participant in the RaaS space, initially focusing on launching OP Stack rollups and recently announcing support for Arbitrum Orbit. Conduit has helped launch rollups such as Zora Network, Mode, Public Goods Network, and Ancient8 Chain.

Caldera is another major player focused on helping launch optimistic rollups. We also look at AltLayer and their innovative Flash Layers, which are disposable app-specific rollups that can be temporarily spun up to meet excess user demand.

Gelato, an existing Web3 infrastructure provider who recently announced their RaaS offering covering both zero-knowledge and optimistic rollups, is another noteworthy player. We also cover Lumoz, which focuses exclusively on zero-knowledge rollups and brings an interesting hybrid consensus mechanism to the table.

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Blockchain

Beginner

In a few words, a blockchain is a digital ever-growing list of data records. Such a list is comprised of many blocks of data, which are organized in chronological order and are linked and secured by cryptographic proofs.

The first prototype of a blockchain is dated back to the early 1990s when computer scientist Stuart Haber and physicist W. Scott Stornetta applied cryptographic techniques in a chain of blocks as a way to secure digital documents from data tampering. The work of Haber and Stornetta certainly inspired the work of Dave Bayer, Hal Finney, and many other computer scientists and cryptography enthusiasts - which eventually lead to the creation of Bitcoin, as the first decentralized electronic cash system (or simply the first cryptocurrency). The Bitcoin whitepaper was published in 2008 under the pseudonym Satoshi Nakamoto.

Although the blockchain technology is older than Bitcoin, it is a core underlying component of most cryptocurrency networks, acting as a decentralized, distributed and public digital ledger that is responsible for keeping a permanent record (chain of blocks) of all previously confirmed transactions.

Blockchain transactions occur within a peer-to-peer network of globally distributed computers (nodes). Each node maintains a copy of the blockchain and contributes to the functioning and security of the network. This is what makes Bitcoin a decentralized digital currency that is borderless, censorship-resistant, and that does not require third-party intermediation.

As a distributed ledger technology (DLT) the blockchain is intentionally designed to be highly resistant to modification and frauds (such as double-spending). This is true because the Bitcoin blockchain, as a database of records, cannot be altered, nor can it be tampered without an impractical amount of electricity and computational power - which means the network can enforce the concept of "original" digital documents, making each Bitcoin a very unique and un-copyable form of digital currency.