Binance Chain Bitcoin News

Cryptocurrency Staking As It Stands Today

Cryptocurrency Staking As It Stands Today
Everyone and his grandma know what cryptocurrency mining is. Well, they may not indeed know what it actually is, in technical terms, but they have definitely heard the phrase as it is hard to miss the news about mining sucking in energy like a black hole gobbles up matter. On the other hand, staking, its little bro, has mostly been hiding in the shadows until recently.
by StealthEX
Today, with DeFi making breaking news across the cryptoverse, staking has become a new buzzword in the blockchain space and beyond, along with the fresh entries to the crypto asset investor’s vocabulary such as “yield farming”, “rug pull”, “total value locked”, and similar arcane stuff. If you are not scared off yet, then read on. Though we can’t promise you won’t be.

Cryptocurrency staking, little brother of crypto mining

There are two conceptually different approaches to achieving consensus in a distributed network, which comes down to transaction validation in the case of a cryptocurrency blockchain. You are most certainly aware of cryptocurrency mining, which is used with cryptocurrencies based on the Proof-of-Work (PoW) consensus algorithm such as Bitcoin and Ether (so far). Here miners compete against each other with their computational resources for finding the next block on the blockchain and getting a reward.
Another approach, known as the Proof-of-Stake (PoS) consensus mechanism, is based not on the race among computational resources as is the case with PoW, but on the competition of balances, or stakes. In simple words, every holder of at least one stake, a minimally sufficient amount of crypto, can actively participate in creating blocks and thus also earn rewards under such network consensus model. This process came to be known as staking, and it can be loosely thought of as mining in the PoS environment.
With that established, let’s now see why, after so many years of what comes pretty close to oblivion, it has turned into such a big thing.

Why has staking become so popular, all of a sudden?

The renewed popularity of staking came with the explosive expansion of decentralized finance, or DeFi for short. Essentially, staking is one of the ways to tap into the booming DeFi market, allowing users to earn staking rewards on a class of digital assets that DeFi provides easy access to. Technically, it is more correct to speak of DeFi staking as a new development of an old concept that enjoys its second coming today, or new birth if you please. So what’s the point?
With old-school cryptocurrency staking, you would have to manually set up and run a validating node on a cryptocurrency network that uses a PoS consensus algo, having to keep in mind all the gory details of a specific protocol so as not to shoot yourself in the foot. This is where you should have already started to enjoy jitters if you were to take this avenu entirely on your own. Just think of it as having to run a Bitcoin mining rig for some pocket money. Put simply, DeFi staking frees you from all that hassle.
At this point, let’s recall what decentralized finance is and what it strives to achieve. In broad terms, DeFi aims at offering the same products and services available today in the traditional financial world, but in a trutless and decentralized way. From this perspective, DeFi staking reseblems conventional banking where people put their money in savings accounts to earn interest. Indeed, you could try to lend out your shekels all by yourself, with varying degrees of success, but banks make it far more convenient and secure.
The maturation of the DeFi space advanced the emergence of staking pools and Staking-as-a-Service (SaaS) providers that run nodes for PoS cryptocurrencies on your behalf, allowing you to stake your coins and receive staking rewards. In today’s world, interest rates on traditional savings accounts are ridiculous, while government spending, a handy euphemism for relentless money printing aka fiscal stimulus, is already translating into runaway inflation. Against this backdrop, it is easy to see why staking has been on the rise.

Okay, what are my investment options?

Now that we have gone through the basics of the state-of-the-art cryptocurrency staking, you may ask what are the options actually available for a common crypto enthusiast to earn from it? Many high-caliber exchanges like Binance or Bitfinex as well as online wallets such as Coinbase offer staking of PoS coins. In most cases, you don’t even need to do anything aside from simply holding your coins there to start receiving rewards as long as you are eligible and meet the requirements. This is called exchange staking.
Further, there are platforms that specialize in staking digital assets. These are known as Staking-as-a-Service providers, while this form of staking is often referred to as soft staking. They enable even non-tech savvy customers to stake their PoS assets through a third party service, with all the technical stuff handled by the service provider. Most of these services are custodial, with the implication being that you no longer control your coins after you stake them. Figment Networks, MyContainer, Stake Capital are easily the most recognized among SaaS providers.
However, while exchange staking and soft staking have everything to do with finance, they have little to nothing to do with the decentralized part of it, which is, for the record, the primary value proposition of the entire DeFi ecosystem. The point is, you have to deposit the stakable coins into your wallet with these services. And how can it then be considered decentralized? Nah, because DeFi is all about going trustless, no third parties, and, in a narrow sense, no staking that entails the transfer of private keys. This form of staking is called non-custodial, and it is of particular interest from the DeFi point of view.
If you read our article about DeFi, you already know how it is possible, so we won’t dwell on this (if, on the off chance, you didn’t, it’s time to catch up). As DeFi continues to evolve, platforms that allow trustless staking with which you maintain full custody of your coins are set to emerge as well. The space is relatively new, with Staked being probably the first in the field. This type of staking allows you to remain in complete control of your funds, and it perfectly matches DeFi’s ethos, goals and ideals.
Still, our story wouldn’t be complete if we didn’t mention utility tokens where staking may serve a whole range of purposes other than supporting the token network or obtaining passive income. For example, with platforms that deploy blockchain oracles such as Nexus Mutual, a decentralized insurance platform, staking tokens is necessary for encouraging correct reporting on certain events or reaching a consensus on a specific claim. In the case of Nexus Mutual, its membership token NXM is used by the token holders, the so-called assessors, for validating insurance claims. If they fail to assess claims correctly, their stakes are burned.
Another example is Particl Marketplace, a decentralized eCommerce platform, which designed a standalone cryptocurrency dubbed PART. It can be used both as a cryptocurrency in its own right outside the marketplace and as a stakable utility token giving stakers voting rights facilitating the decentralized governance of the entire platform. Yet another example is the instant non-custodial cryptocurrency exchange service, ChangeNOW, that also recently came up with its stakable token, NOW Token, to be used as an internal currency and a means of earning passive income.

What’s next?

Nowadays, with most economies on pause or going downhill, staking has become a new avenue for generating passive income outside the traditional financial system. As DeFi continues to eat away at services previously being exclusively provided by conventional financial and banking sectors, we should expect more people to get involved in this activity along with more businesses dipping their toes into these uncharted waters.
Achieving network consensus, establishing decentralized governance, and earning passive income are only three use cases for cryptocurrency staking. No matter how important they are, and they certainly are, there are many other uses along different dimensions that staking can be quite helpful and instrumental for. Again, we are mostly in uncharted waters here, and we can’t reliably say what the future holds for us. On the other hand, we can go and invent it. This should count as next.
And remember if you need to exchange your coins StealthEX is here for you. We provide a selection of more than 250 coins and constantly updating the list so that our customers will find a suitable option. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example ETH to BTC.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins!
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/09/08/cryptocurrency-staking-as-it-stands-today/
submitted by Stealthex_io to StealthEX [link] [comments]

Buy, Sell, and Trade Crypto on WazirX: How to trade Bitcoin and other Cryptocurrencies on WazirX?

Buy, Sell, and Trade Crypto on WazirX: How to trade Bitcoin and other Cryptocurrencies on WazirX?

Source: WazirX
Hello Friends! Welcome to my one-stop article where you can do earning while learning about “Cryptocurrencies”.
So, in this article, you’ll learn about: How to buy, sell, and trade Bitcoin as well as other cryptocurrencies on WazirX?
WazirX is an “International Cryptocurrency Exchange” and do allow individuals from most countries to sign up on their exchange.

Step 1: Signing up for a WazirX account.

Click here or simply copy-paste the below link in your browser’s search-bar and press Enter to go over to the WazirX’s Sign-Up page:
WazirX Referral Link: https://wazirx.com/invite/j9ykd
Once you’re on the sign-up page, click on the SIGN UP or SIGN UP NOW button to proceed further.

Step 2: Submit your registration details.

  • Email — Enter your complete email address. This is the email address you will use to login and also receive any communication from WazirX. You cannot change your login email address later.
  • Password — Enter a strong password that you will remember. Passwords must be atleast 6 characters long and a maximum of 64 characters. We recommend using passwords longer than 10 characters. Do not use passwords that you’ve already used on another website. Try and mix special characters like @#$%^&-* along with capitals and numerics in your password.

Step 3: Email verification.

Once you’ve entered your email, password and clicked on sign up, you will receive a verification email at your email address. Click on the Verify Email button in the email. You will be taken back to the WazirX website where your verification will be confirmed!
  • Note that the verification email is only valid for 15 minutes. If you do not verify in 15 minutes, login to your WazirX account again and click on the Resend verification email button.

Step 4: Mobile verification.

After verifying your email, the next step is to verify your mobile number.
  • Mobile number — Enter your complete mobile number. Do not include country code or ‘0’ at the start. This will also be the number at which you will receive an OTP when logging into your WazirX account.
  • Verification OTP — You will receive an OTP via an SMS. Enter the OTP in the verification box and click verify.

Step 5: Submit your KYC details.

You can complete your KYC by selecting your country from the dropdown & click on Complete KYC. You’ll then be taken to the next step to enter your details and upload KYC documents for verification.
  • Name — Enter your name as it appears on your KYC document. For eg — If the name is John Smith on your document, please enter John Smith in the form too.
  • Date of Birth — Enter your DOB in DD/MM/YYYY format. For eg — If your DOB is 1st April 1989, enter 01/04/1989. You must be 18 Years and above to apply for a WazirX account.
  • Address — Enter your full address as it appears on your KYC document. Do not enter the City, State & PIN Code in this box as there are separate boxes for that
  • Documents — Depending on the country you’ve chosen, you’ll need to upload a set of KYC documents. Carefully fill in the details in the respective fields & upload a scanned copy or a photo of your KYC document & your selfie as illustrated in the Sign Up form.
Before you click submit, please cross check all your details to make sure you’ve not made any typing errors. This will speed up your verification process. The verification process could take anywhere between 24–48 hours depending on the volume of signups.

Step 6: Start trading Crypto on your WazirX.

  • EXCHANGE — Click on the “Exchange” tab and select the crypto pair in which you want to trade from the: USDT, BTC, or INR pairing list.
  • BUY or SELL — Click on the Buy or Sell tab. Then select either a LIMIT or STOP LIMIT order type. Note that in case of STOP LIMIT, you need to enter a STOP PRICE at which you want that trade to take place. So if you’re a beginner, then it’s recommended to select a LIMIT order type.
  • AT PRICE —Enter your own price at which you want to Buy or Sell your selected crypto.
  • AMOUNT — Enter the amount of crypto which you want to Buy or Sell.
  • PLACE ORDER — Once you’ve entered all the required details related to your Buy or Sell order, you just need to click on the PLACE [BUY/SELL] ORDER to submit your order which will be and can be seen in WazirX’s Open Order Book.
That’s it! As soon as your open order gets completed, you’ve executed your first cryptocurrency trade successfully.
So, what are you waiting for? Sign-up, trade, and earn exciting referral bonuses on the WazirX exchange from the above given link now.
If you want to support me in my efforts for the growth of the Crypto Community then please feel free to donate as per your wish:
Bitcoin $BTC Address: 17hRk6kuhwEnAJN6KTkSjFvfihX4PFbei
Ethereum $ETH Address: 0x63d5692ee8b7bd9bcf1706d2fa73ca0e4e2cef96
XRP $XRP Address: rNxCw7HUbd51dvUMUyC7ju5XivXmCM1Bvr
XRP $XRP Destination Tag: 544806860
Binance Coin $BNB Address: bnb14kktnh6n20efy4kfh0u5xy38rw53j8q5gkzuzv
Binance Coin $BNB Memo: 7515036536

❤️ Like, Share, Leave your comment

If you like my article, don’t forget to like, share with your friends or colleagues and leave your comment below. And do Follow me…

Disclaimer

Trading and investing in cryptocurrencies (also called digital or virtual currencies, crypto assets, altcoins and so on) is subject to market risks. The information provided on this blog is purely for guidance, informational and educational purposes. It does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
submitted by VipulJadhav12 to u/VipulJadhav12 [link] [comments]

"Swap" is Poised for Take-off


https://preview.redd.it/mnxeb74hk4j51.jpg?width=990&format=pjpg&auto=webp&s=32d152a7495971c10e1af12185abe5e77b61fd14

How popular is DeFi?
Link, known as the leader of the oracle machine, has increased by 305.19% for the past three months, with an investment return of 17,052%, climbing to the fifth spot in the cryptocurrency ranking list by market value in the short term;
Since its issuance, YFI, which has soared 350 times all the way, has attracted 630 million US dollars of investment in 5 days, and was even dubbed the next Bitcoin in this circle;
From Comp for lending, KNC and BAL, governance tokens for decentralized exchanges, to SNX which is a stable currency payment network, various governance tokens of the DeFi ecosystem have emerged in an endless stream, stirring the blood in the market.
Such a boom is not only reflected in the currency price, but also pushes the brand new DEX based on the AMM (automated market making) model an overnight hit. UniSwap, known as the next-generation casino, has surpassed the world's first-tier centralized exchanges such as Binance, OKex, and Huobi in user activity, daily trading volume, and daily turnover.
With the rapid rise of UniSwap, the DEX threat theory has once again triggered heated discussions among the media and communities in the blockchain industry.
DEX on the Rise
The success of UniSwap is by no means something accidental. As early as 2018 when centralized exchanges suffered the hacker theft one after another, Vitalik Buterin, founder of Ethereum, predicted that the future lay in decentralized exchanges and that Ethereum, by developing a "better" decentralized platform, could empower the cryptocurrency community to regain the dominance from the centralized cryptocurrency exchange.
To realize the decentralized concept of returning to users their asset ownership, geeks in the blockchain industry have made many attempts.
Kyber Network, Bancor, Balancer, 0X, Curvefi, etc. are all DEXs based on Ethereum blocks. For a long time, affected by the performance of Ethereum and cross-chain issues, these DEXs were once stagnant.
With the lessons learned from Ethereum DEX, newcomers to the DEX have focused on high performance, high TPS, and rich assets as the ultimate goal for product development.
Amid the DEX threat theory, major exchanges have deployed their own public chain DEX products in a response to their respective development strategies: Binance launched Binance DEX on its Binance Chain, and Bittrex Exchange unveiled Ethfinex on the Ethereum and EOSfinex on the EOS blockchain, two platforms where users can exchange for fiat currencies; last year, CoinEx officially launched CoinEx Chain, a public chain dedicated to decentralized transactions, followed by CoinEx DEX.
Since the birth of the DEX in the blockchain world, this field has never run out of competition.
By independent development or other’s advantage?
From 2017 when it was established to 2019 as it stabilized, DEX has witnessed its annual trading volume skyrocketing from less than US$5 million to over US$2.5 billion. As DeFi gains fame and grows rapidly, DEX has grown into the most popular source of money, attracting a flood of speculators. In the past month, the trading volume of the global cryptocurrency market DEX has exceeded US$ 4 billion, more than twice the figure across 2019.
In the past two years, despite the increasingly in-depth exploration in the DEX, the cross-chain issue remains a stumbling block in its development path. DEX will not outperform CEX in the trading experience until a cross-chain solution is worked out.
The concept of DeFi went viral in 2019. With the continuous improvement of the DeFi ecosystem, the current Ethereum blockchain has developed into a complete decentralized financial system, covering mortgage lending, interest from deposit, leveraged trading, token exchange, identity authentication, and other infrastructure essential to traditional financial systems.
In addition to the mouth-watering profit, the DeFi ecosystem has also brought along explosive growth in both the type and quantity of digital assets, making DEX a market favorite. Compared with the DEX dedicated to public chains, the Ethereum-based DEX has been equipped with more possible functions and thus become more attractive thanks to the comprehensive supplementary infrastructure on Ethereum.
This also presents DEX pioneers with new opportunities. Dubbed “Swap’s summer”, the summer of 2020 has seen a market rush in Swap development after UniSwap became a hit.
Miniswap, Justswap, and btswap are no more innovative than UniSwap according to their product structures and white papers.
By comparison, OneSwap has injected unique essence into its product design and governance model based on UniSwap's automated market making.
Upgraded UniSwap
OneSwap, which has a double mining model + order book, has received an investment of tens of millions from CoinEx even before the product is launched. It is known that OneSwap is jointly developed by a group of technology geeks who have engaged in the cryptocurrency community for many years. The project was initiated by a member of the team in an attempt to upgrade UniSwap after he experienced the convenient AMM enabled by UniSwap.
Without limit orders, users have to trade in the price set by the platform, which, however, compromised their experience. In addition, the lack of liquidity mining and transaction mining rewards cannot reduce the losses of liquidity providers caused by unilateral market conditions.
"DEX still has much room for perfection, and could even surpass CEX in trading experience"
The OneSwap development team always believes that UniSwap still has a long way to go before it becomes the strongest DEX in the DeFi ecosystem. They have endeavored to, relying on their abundant experience in exchange product development and digital currency trading, create the most powerful DEX product in the DeFi ecosystem based on smart contracts.
OneSwap is called the “upgraded UniSwap” in the community. By the combination of the Constant Product Market Maker (CPMM) model in the Uniswap project and the on-chain order book, it reduces restrictions on users’ trading, and, through its OneSwap Wallet, improves user interaction methods and further enhances their experience in trading and product usage.
OneSwap boasts one-click token issuance and listing essential to DEX. Unlike the listing review mechanism on Binance DEX, the setting of OneSwap is more consistent with the concept of decentralization. Anyone can put his or her good projects and ideas, if any, into practice through OneSwap without permission.
In terms of product design, OneSwap will add to its function menu the Candlestick chart, order form, and depth chart according to user habits, apart from limit orders. These functions will offer OneSwap users an experience as smooth, easy-to-use, and convenient as in the CEX.
A new source of money? A two-pronged platform with transaction mining + liquidity mining
To support on-chain governance, OneSwap will issue a ERC20 governance token called ONES. The total number of ONES remains constant at 100 million, 50% of which will be used as community funds to support the construction of the OneSwap ecosystem and 50% will be owned by the OneSwap team. Community funds can be applied for through on-chain governance. 5% of the part held by the team will be unlocked initially, and the rest will be unlocked at a rate of 5% every six months until all is unlocked after four and a half years.
After the OneSwap product was launched, the OneSwap team will take part of the initially unlocked tokens as airdrop rewards for the open beta. Then OneSwap will officially start liquidity mining and transaction mining, and the governance token ONES will also be simultaneously launched on centralized trading platforms across the world. The first round of mining activities will last for one month, and mining rewards are yet to be made public.
Liquidity mining is a popular way of obtaining governance tokens in the DeFi ecosystem. Well-known DeFi projects including COMP, Cure, and Banner have all enabled liquid mining.
Transaction mining could date back to 2018 when Fcoin grew popular.
The transaction mining model initiated by Fcoin in 2018 once set off a bull market that year, pushing many investors into financial freedom in the rush of transaction mining. In addition, transaction mining based on the DeFi ecosystem is still a blue ocean, which is not common in the current market. The success of OneSwap's double mining model, if possible, would surely start a craze in the cryptocurrency market.
The OneSwap team has not yet announced specific mining rules, but disclosed that it has developed the smart contract code. To ensure the product security, OneSwap will invite three well-known security agencies in the blockchain industry to audit the code and announce the auditing results in early September at the soonest.
Conclusion
DeFi did not rise to fame without reason in 2020. Such overnight popularity is an inevitable result of Ethereum's efforts to build a decentralized consensus mechanism and improve infrastructure in the past few years. Ethereum has almost become the only public chain in the DeFi circle and the only construction base for well-known DEX. If OneSwap succeeds, it means a huge breakthrough for both DeFi and Ethereum, and decentralization in its true sense is around the corner.
submitted by JuanJuanChan to defi [link] [comments]

AMA Wrap-up & Summary

A very big thank you to everyone who participated in FinNexus’s first ever AMA session in the Wanchain Telegram! We were very pleased with the level of enthusiasm from AMA participants! We’re sorry to say that we weren’t able to answer every single question as we received close to 80 questions, and many of them were similar. However, we did our best to identify all the unique questions and answer them all as fully as possible. We have also selected the top ten 🏆🏆🏆winning questions🏆🏆🏆 of the AMA who’s askers will be receiving $20.00 worth of FNC each at the Wanchain address they submitted after the token generation event scheduled in January.
(Feel free to ask any other questions in response to this post!)

TOP TEN QUESTIONS:

1.🏆 What’s special about Finnexus vs. others in the space? @oluap5773
Our closest competitors are traditional financial institutions which offer low risk, non blockchain based stable return and fixed return products. Our other competitors would be platforms such as Binance and Compound which offer centralized or decentralized stable return products based on crypto lending businesses.
FinNexus has a unique focus on assets with real value built on blockchain infrastructure, which is rare in our other DeFi projects. Unlike Binance and Compound whose stable return products are based on crypto lending businesses, the assets we issue include those based on both real world and crypto businesses, which gives users access to reliable assets which are not correlated with the performance of crypto markets. And unlike traditional institutions, all our products are built on blockchain, which enables them to make use of all the blockchain’s advantages.
2. 🏆 What do you think of the future of DeFi in this space? @salmanmbstu96
Our expectation of the future DeFi is mainly on the application level rather than a technical one.
  1. Borrowing and Lending cannot be everything about DeFi. The growth of the DeFi should be largely diversified to other assets and business models.
  2. The risks in the DeFi world is similar, in other words, most of the DeFi models are facing the same systematic risks, which are with high risk and high expected return characteristics. In cases when the bitcoin collapses, every businesses and scenarios will be affected. This is not healthy.
  3. The DeFi applications are not so user-friendly. One has to take some time to learn how to deal with one decentralized product.
A leading project in the future should have the ability to solve the problems above. Blockchain is a great technology, while the combination with finance cannot avoid the basic logic and be isolated from the successful scenarios and models we built. Different models here mean different application scenarios in the financial world, like the equity rights, debenture rights, derivatives or other beneficiary rights.
The centralized or decentralized cannot be questions like yes or no. During the process of development, there may be something in between. On one hand it is built in a decentralized way and smart contracts are triggered automatically; while on the other hand, it is adapting the realistic that some parts of transactions or measurements must be under centralized regulations. We would like to call it Open Finance, as it is open to both the crypto assets on the blockchain, and the assets off the chain while restructuring their parts in a decentralized way.
In the future, we believe that there will be leading projects, that can bridge the blockchain technology and real world assets, diversify the systematic risks while attracting more users, and be user friendly that the nonprofessional may easily operate.
3. 🏆 Give me reason’s why should I invest in #FinNexus? @cryptococuk01
I hope you read the write paper of FinNexus and got understandings on what FinNexus is about to do. FNC will be the sole token in the FinNexus ecosystem. It is a kind of hybrid token, like a utility token but also benefiting from FinNexus development.
FinNexus will work as the financial product supermarket, Broker, Investment Banker or something alike. It will gain revenue directly from its operations.
Holders of FNC is eligible to the following rights or benefits (will be explained in details on the FinNexus official websites):
1)Rights of higher rate of returns on tokenized products; 2)Rights to invest in tokenized products with lower cost; 3)Benefits on the discount on the transaction commissions; 4)Derivative rights, like early settlement, resale or interest swaps; 5)Rights to interact with WAN; 6)Benefits on the FinNexus’ development; the revenue of FinNexus is from: Underwriting; Investment banking; Market making; Transaction commissions; Investment in tokenized products.
4. 🏆 How can FinNexus goal be explained in layman’s terms? @iamthethirdkind
You can actually get a clue from the project’s name ‘FinNexus’. The name is quite straightforward. FinNexus is the combination of the words ‘Finance’ and ‘Nexus’. It means financial connections. I will explain that in 3 aspects:
  1. To asset owners
Finance here includes the ‘traditional’ and the ‘decentralized’ and traditional finance is only traditional compared to DeFi. Here FinNexus is aiming at providing a solution, which we call it a protocol, where one can link the traditional financial world with the blockchain technology in an efficient, transparent and feasible way. For example, one with assets that have good expected cash flows will find a way to easily tokenize the assets on FinNexus.
  1. To users FinNexus will act as a financial product supermarket. Right now, the DeFi world has a problem that almost all of the crypto assets or financial products bear the same systematic risks, which means when the Bitcoin price collapses, every kind will join the plummet and even the financial models will cease to be valid. One of the reasons is that all assets are purely crypto-born. Moreover, the crypto interface is not so easy for a nonprofessional to operate. FinNexus’ goal is to provide diversification and convenience with assets of real value. Users will be able to invest in assets with various risks and returns here, and can easily choose to their preferences like in a supermarket.
  2. FinNexus Itself
FinNexus is concentrating in the application level, with the help of the two initiators. It will not operate or manage assets directly and will act as a channel or a hub, where supplies and needs are paired, while in later stages, it will strive to build the protocols or standards for all of these tokenizations and transactions.
5. 🏆 What are tokenized digital assets in FinNexus? How is it different from current digital assets? @hg144
The FinNexus team have done researches on the tokenization of real world assets. Right now, only a few groups like the credit assets, supply chain finance or other sub-dividable beneficial rights seem most feasible. These tokenized products may bear characteristics like equities, debentures, derivatives or other beneficiary rights.
The noticeable differences lie in the nature of the products. The returns are from the cashflow of the real world assets, rather than mining, staking, speculating, etc. FinNexus combines the decentralized and centralized means. The tokens have advantages on chain, while the product design and disclosure draw lessons from traditional finance.
Apart from that, there will also be products totally on chain, triggered by smart contracts, like crypto futures, options, and ETFs, with user-friendly interfaces.
6. 🏆 What are the advantages and disadvantages of FinNexus when developing in a large market like China? Do you have plans to develop other regions? @hiampluto
Advantages:
(1) The blockchain industrial environment and public opinion guidance has changed since China’s President Xi Jinping recent announcement. The word blockchain has been mentioned in social media time and time again, and almost everyone is trying to find out what it is. President made it clear that the country would encourage enterprises applying the technology into real world scenarios.
(2) China has the largest population and made great technological progress over the last decade. Blockchain projects, communities, exchanges, token funds, medias, and other participants have established a complete and dynamic ecosystem. FinNexus is easy to access to these resources.
(3) Financial market in China has been making great progress, which provides FinNexus with adequate talents, financial products and potential users.
(4) The two initiators Wanchain and SuperAtom (incubated by Cheetah Mobile) are all based in China. They both give FinNexus big financial, human-power and community support, with minimum communication cost in the same city.
Disadvantages:
(1) Activities like ICOs or other forms of public fund-raising are still restricted;
(2) The government’s attitude towards the security-like tokens and tokenization is still not clear;
(3) Language and time zone discrepancy may cause difficulties.
FinNexus is aiming to build a global open finance protocol. Blockchain should be boundless, and so will be our users and assets. Our first product’s basic asset is in SE Asia. We are now building teams, grouping communities, and recruiting regional ambassadors. Also, we are making continuous and effective interactions with the global communities of Wanchain and Bitrue.
7. 🏆 FinNexus’s team consists of experienced and brilliant individuals. What made them to unite together and work in unison for the fulfilment of it and how does it act as an advantage compared to other projects in terms of brainstorming and guidance? @cryptollll
Though key members of FinNexus team seem to have different educational backgrounds or working experiences, we come together with the same beliefs and goals. The same purpose has united us together and after grinding-in over one and a half years, we are working together energetically and harmoniously, which provides a foundation for the success of FinNexus. It is not the first time we work together and we knew each other with for long time. The details of resumes are on the website.
8. 🏆 Many blockchain projects and companies focus on making very complex systems, say they will revolutionize the society, and help the unbanked. Since you work directly in the area, how realistic do you think such statements are? @lucbazanse
The team has been working together for more than a year already. FinNexus is a project at the layer 3 level in the blockchain system, targeting at the application usage. The team believes that no matter how innovative or revolutionary a new technology is, if it fails to be conveniently applied in everyday use or have efficient or cost-saving solutions to users, we cannot call it a successful technology.
Therefore, we will build our application on top of the successful public chains and concentrate in providing financially practical and risk diversified products and user friendly applications. We doubt that the unbanked can be helped by a complex system. Unbanked group of people usually exist in the less developed regions that lack basic infrastructure. They may not well educated or lack the basic understanding of the technology or even ideas of modern financial or banking system.
Therefore, the application is most important. A successful project should provide them with friendly interfaces and convenient accesses, aiming directly to their basic needs, no matter how complex or innovative the technology is. That’s what FinNexus is trying to do, to provide what is needed the most in a simple and understandable way.
9. 🏆 Which way you will offer token sale?
We create a new way of the token sales together with launching our products. FinNexus’ will issue its CFNC (convertible FNC), which gives holders the right to convert into ABT in the conversion period. The holders of ABT are eligible to the benefit with an annualized rate of return at over 10%. ABT is called the Asset Backed Token in general, in specific, the return of the token is backed by the consumer loan assets in Indonesia, with the originator SuperAtom, which is initiated by the NYSE listed company Cheetah Mobile, as the basic asset. It has a traditional hierarchical design and the ABT is the token in the senior tranche. The details will be disclosed in the Offering Circular on the FinNexus website later.
We strongly recommend the interested blockchainers to check the details on www.finnexus.io
10. 🏆 Can you tell more about road-map for future developments? @toanphamhd
In phase one, before the end of 2019 or early in 2020, FinNexus is introducing ICTO, combining the fund raising process with its products. Instruments with the essentials of ABT are likely to be one of the major products offered to users, with different systematic risks from the crypto assets. Before the first quarter of 2020, other products like the borrowing and lending, hedging, ETF and staking are likely to be issued, as well as the other schemes of the ABT products. FinNexus will also cooperate with at least three of the token exchanges, crypto wallets or other channels as the sale portals.
In phase two, before the end of 2020, FinNexus will search for the qualified assets globally and combine the blockchain technology with the real world application scenarios in vaster occasions. And FinNexus work with other mainnet projects to launch its new products and interactions with the chain tokens. Moreover, FinNexus will facilitate the trade of the ABT and other similar products on the OTC market. The experience of the traditional financial market shows that the OTC transactions of these products have even higher volume than the bidding mode in the exchanges.
In the third phase, in three years, FinNexus’ goal is to build an open finance protocol. This protocol is established on Layer 3, targeted on the application level. It will provide the basic standard for the tokenization and transaction for all types of assets, both in traditional finance and in the crypto world. All assets that provide future returns will be programmable with blockchain in the future and FinNexus is defining a protocol that provides the standards and convenience in realization. Different assets may apply to various requirements in details, but the common language lying in is what FinNexus is chasing for.
While in the coming days, we would expect 1) the release of the detailed conversion and subscription rules on the website; 2) the release of the ABT offering circular to give a detailed explanation on the risks and returns; 3) setting the timetable for offering and listing of FNC.

RUNNER UP QUESTIONS

11. What is the current development progress of the project, and when is the main online release? @btc4life76
The first product will be released together with ICTO process, details of which you may check on the FinNexus website. Right now, the product is under the final stage of development and the team are working on the necessary information disclosure materials and the design of tokens on Wanchain. The planned release time will be before the end of this year or early next year.
12. “What are the recent change in high-level strategy in product design and development? How will it help the #FinNexus to move further with the safest & fastest Blockchain technology?” @ahmetumit08
FinNexus is a project built on layer 3 and concentrates on technological application. ‘We are the portal to the users and we need to make it simple, convenient, understandable and transparent’.
The advantage does not lie in the sophistication of the underlying technology, but in the application level. To establish an Open Finance Protocol, FinNexus has to move earlier and faster than the others, and at present, it is the first in the industry to put forward this concept.
In product development, we will make each code be used in real use case and keep improving in practice. In the beginning, we will built a layer 3 for assets tokenization and distribution, fee and interests distribution, buying and withdrawing. Users (business users) do not need to connect public chains, but use our SDK or API to interact with different chains. Recently we are focusing on protocols with smart contracts that asset tokenization could be easily deployed by FNX layer 3. And then we will focus on the protocol of decentralized token distribution. That means anyone who wants to sell assets tokens in FinNexus only need to download our SDK or connect our API.
13. How many different types of assets can be expected in the first quarter of 2020 . What will be the jurisdiction of assets and how will FinNexus avoid people from holding assets from restricted jurisdictions? @anon
As a project incubated by SuperAtom, the UangMe assets will work as an initiator, and it has the potential of the amount of 100M USD. In the meantime, similar assets in Malaysia are under discussion. In addition, there will be other types of products the users may expect in the first quarter of 2020, like crypto borrowing and lending products, easy-operating crypto-currency derivatives, ETF products, staking related products, etc., and they are all under development right now.
We have a legal team that help us deal with the jurisdiction issues. We will monitor the changing legal environment around the main countries and regions. KYC procedures are necessary for avoiding investors from holding assets from restricted jurisdictions.
14. How FinNexus and Wanchain both can get benefitted using each others protocol? @salmanmbstu96
FinNexus is the layer 3 which can make users, especially business users, to use Wanchain easily in financial aspects. And FinNexus focuses on different assets, that could grant Wanchain with more applications to run. In most of financial scenarios, multi-coin will be used, so we can use the cross-chain protocol of Wanchain. If Wanchain protocol is like a highway road, FinNexus protocol is working as an assembly line.
15. What do you think about Defi Landscape right now? @paraphan1992
Now, many DeFi projects are limited to the products and applications with the pure crypto assets. They can be highly decentralized and automated, but is it enough?
1) Borrowing and Lending is the first natural DeFi application scenario and contributes to over 90% of the application scenarios. It cannot be everything about DeFi. The growth of the DeFi should be largely diversified to other assets and business models.
2) The risks in the DeFi world is similar, in other words, most of the DeFi models are facing the same systematic risks, which are with high risk and high expected return characteristics. In cases when the bitcoin collapses, every businesses and scenarios will be affected. This is not healthy. Tokens transactions with high risks and the relating credit activities cannot be the whole world of DeFi. FinNexus is trying to introduce financial products with different types and levels of risks and expected returns, to enrich the products desperately needed in the industry.
3) The DeFi applications are not so user-friendly. One has to take some time to learn how to deal with one decentralized product. FinNexus aims at providing something that is transparent with the information needed for the investors to make judgment while easy to handle.
Right now, Maker is trying to move to Multi-Collateral Dai (MCD), a big step to make the DeFi model richer and healthier. Also they introduce Dai Savings Rate (DSR), which may have the potential to be regarded as one of the standard rates. In the future, we may witness wider real world assets and application scenarios in DeFi and that is the path that DeFi is bound to follow.
16. Can FinNexus support smart contracts? @btc4life76
The answer is yes, smart contracts will play important roles in the FinNexus products. The first phase of products will be built on Wanchain and according to the ICTO rules, the ABT conversion and the future payment of principal and interest of ABT will all be supported by smart contracts. Again, for details of ICTO please check our website. In later phases ,we will develop other products based on ETH or other chains according to the users’ requirements and asset characteristics; and smart contracts will be richer and more diversified.
17. Why do we need DEFI? What is the new thing that DeFi bring to us? Was your project born for that? @oluap5773
A: The decentralized blockchain technology needs application scenarios, and the finance needs the innovative technology to solve its own problems, thus here comes the merge of the two.
Bitcoin brings the blockchain technology into our sight and until now, it has 70% of the total value of crypto assets. Bitcoin is born to facilitate the financial transactions and most of the project henceforth cannot be isolated from the financial fields. There is an inevitable bond since the birth of the technology, and finance is always the natural experimental field of blockchain.
The problem of information asymmetry is always puzzling investors and regulators. Most of the solution came from a centralized way from the authorities before, while the result was much diversified among regions. With the emergence of blockchain, it provides an alternative solution to this long-lasting issue. It is trustworthy, non-modifiable and self-proved. Moreover, it is bondless and anti-authorized, which can largely reduce the cost of international transactions while enhancing the efficiency. The technology is self-organized, decentralized and automated. DeFi has the potential to change the governance structure and investment behavior in the financial world.
Tens of years ago, the internet has brought finance efficiency and popularization. Today blockchain is about to change the financial system again. It introduces the participants into a new territory that is bondless, decentralized, trustworthy, and equal. It will largely decrease the cost of centralized supervision, the risk of information asymmetry and the barrier among economic entities. Many business formats will change concerning the technology, including the economic entities, governance authorities, market intermediaries, exchanges and the transaction behavior of investors. For example, in the future, it is expected that the basic bookkeeping of a business entity will be on blockchain, and all of the operational activities like procurement, production, sales, inventories, invoices, taxations, employments, etc., will be dealt with and recorded in a decentralized way. Therefore, the auditors’ jobs are shifting from the bookkeeping test of accuracy to the verification of the validity of the chain.
Of course, FinNexus is born to be part of the big change, and we strive to be one of the driving forces of the financial decentralization progress. The goal of FinNexus is to build an Open Finance Protocol. The protocol is like a channel or a standard, to allow all kinds of assets, whether decentralized or centralized, whether with characteristics of equity, debenture, derivative or other hybrid, to find its path towards tokenization with the blockchain technology. By maintaining the basic business logic and learning from the traditional financial model, FinNexus will combine with the advantages of the blockchain technology, to make investors truly benefit from decentralization.
18. Which target users does FinNexus aim to serve? Will its technology be easy for participants to use but still ensure open, transparent and equal way? @paraphan1992
FinNexus aims to serve those who know blockchain and have invested in crypto assets or DeFi products, those who know real world investment but little about blockchain, and those who know little about crypto assets or financial investment but interested in the blockchain technology and curious on the virtual assets.
The meaning of ‘Nexus’ has many parts, and one is to make connections with different market participants. FinNexus will work through protocols and try to act as a channel. In future stages, it will make connections with the OTC markets providing fiat and crypto currency exchanges. Through these protocols, non-crypto users will be able to invest in the FinNexus products.
As FinNexus is built on Layer 3, the protocol will be built combining the decentralized and centralized solution. User-friendliness is a must. By means of easy interfaces, full information disclosure and integrated protocols, users with various degree of knowledge and different risk tolerance are able to get their suitable investment, easily and transparently.
whether decentralization or centralization, are means not targets.
Openness, transparency and equality are necessary to lower credit risks in financial activities. The subscription, transaction, interaction and distribution of financial products will be on chain in a decentralized way, implemented by smart contracts; while the information disclosure, real assets collateral and basic assets operation will be off chain in a centralized way. FinNexus protocols will work to achieve such goals.
submitted by noahniuwa to finnexus [link] [comments]

From Ge You-esque Slouching to Blockchain Decentralization

These days, all my friends are very anxious. I heard that they stay up till 3am working on the blockchain, sending ICOs, talking about things like “if it rises or falls within the range of 50%, it’s called a stable sideways move”, and “the profit rate will at least be 100 times”. They also talk about the next-generation Internet, the greatest technology revolution since the Industrial Revolution. So, how does this decentralized blockchain influence our life?
Before we talk about the challenge of decentralization, we have to figure out why the challenge of decentralization exists.
Things after a long period of division, tend to unite; after a long period of union, tend to divide.
It is believed in China that “domains under heaven, after a long period of division, tend to unite; after a long period of union, tend to divide.” This rule applies not only to history, but also to the development of the Internet industry.
In the past, the Internet was only used to make phone calls and was monopolized by one or two large companies. This was because of the circuit switching technology back then. If we look back to even earlier age, we’ll find that people had to use manual wiring. Such low level of technology determines that the network at that time can only be centralized.
But the improvement of technology always leads to the new round of decentralization. The invention of the TCP/IP protocol gave an impetus to the arrival of the Internet era. As packet switching took the place of circuit switching, information could get around freely. Under such circumstances, it was simply impossible for one single company to monopolize the the resources of the entire network. It brought us the era of decentralization. Many portal sites and personal blogs came into being, and everyday there were newborn projects plunging into the great tide of the times.
This state of decentralization lasted for a while, then new problems appeared — information was difficult to search
Driven by this demand, search engines and super APPs became the new centers of the whole system. However, based on the data and portals that they had, these apps could collect more data. This is how centralization got to the era of cloud computing and big data.
Just as the time when TCP/IP made the world decentralized. Today, the new technology of blockchain has once again led the world to an era when centralization gives its way to decentralization.
Blockchain, Value Network and Consensus
Many years ago, I had thought, “Why can’t I just put my money into a file folder, in which each file represents a certain value, and when I send someone else a file, I simply transfer my money to him?” It is a pity that this idea could not be achieved by traditional Internet. The traditional Internet is a net of information and can only transmit the copies of those information. However, value, is not easy to transmit. But the birth of blockchain has totally changed the game and made it possible for value to be transferred, just as information is transmitted. This is the magic and charm of blockchain.
Transactions on the blockchain can only be generated by the user’s private key, and once they are recorded by the blockchain, they are impossibly to be changed. Based on the consensus of certain mathematical principles, people can trade with everyone without trusting them. Where there is consensus, there is possibility of cooperation.
All the wars and tragedies in human history are nothing but the result of the failed consensus. After the financial tsunami in 2008, almost at the same time, two people thought of a solution to all trust problems in the world.
l A Chinese and a Japanese
l Ge You and his invention, the conflict resolution terminal
l Satoshi Nakamoto and his invention, blockchain
I have explained to others what blockchain is for a million times —
  1. It’s a distributive ledger.
  2. It’s a decentralized application.
  3. It’s a consensus platform.
  4. It’s cryptocurrency
  5. It’s token economy.
I was totally enjoying my explanation, and the listeners were always like “What on earth are you talking about? Can you stop speaking Greek?”
Let’s watch an interesting video first. it’s called “Ge You and his conflict resolution terminal”. After that I’ll explain what blockchain actually is.
URL: https://v.qq.com/x/page/e133670fxux.html
Ge You is a famous Chinese comedian actor, and I mention him here just for fun. In this movie, his conflict resolution terminal only has two nodes, and simply by this, he defrauds another man to bankruptcy. We can just give it a laugh.
We can understand blockchain in this way: it is a conflict resolution terminal that countless people can participate at the same time. It can seal all the transaction contracts collectively, and no sealed participants can withdraw their transactions. One particular feature about the seal is that it’s a very complex paging seal, so that no one can change the data in it.
Using his knowledge in cryptography and POW algorithm, Nakamoto really implemented such a conflict resolution terminal. The world’s top scientists and mathematicians have verified the solidity of this theory, and after nearly ten years of running tests, nothing wrong has ever happened. And its value has increased by millions of times.
Well, I also admire Mr.Ge and his efforts for world peace.
The challenge brought by decentralization
OK I’ll skip the chitchat and go back today’s theme, the challenge of decentralization.
The challenge of technology development
Change is the only constant in life. Technology is updated and renewed everyday, and so is the technology of decentralization.
Because of its trustworthiness by nature, many systems that requires an intermediary to increase credibility are strongly impacted, such as banks, insurance industry, and lottery industry. Beside that, due to decentralization and anonymity, decentralization will impact existing industry rules in many gray dark-web trades or in the field where the law is lagging.
From the perspective of security, any problems caused by the high centralization can have great social consequences.These days, Facebook is facing a 2-trillion-dollar fine for its data breach, which is a wake-up call for everyone. As for China, let’s just imagine how our life will be impacted if Tencent or Alibaba or any other Internet industry giants go wrong.
With the commercialization of 5G technology and the explosive growth of IOT devices, the Internet traffic has shown an exponential increase. The asynchronous growth of the terminal devices and the server is a bottleneck that all centralized processing systems will eventually face.
The challenge of awareness.
We can catch up when our technology is left behind, but we will forever be stuck in the past if our mind is left behind.
Many of us have a belief that the society in which we are living, was, should be, and always will be what it is now. It’s not true.
The money you are using is not actually your own money.
The money we use today has not always been the same. In fact, it is only a few decades old. Before the Bretton Woods system collapsed, it required equivalent value of gold as the credit guarantee to issue currency. And nowadays, we always see news like the following:
1)The U.S. national debt has exceeded 20 trillion U.S dollars. 2)Xiong’an New Area received 100 billion yuan of credit. 3)China Merchants Bank grants 4 billion yuan of credit to Anbang Insurance Group
4)Anbang Insurance Group granted 10 billion yuan of credit to Guangyuan
If you can understand that national debt and credit are the same as direct currency printing, you can understand that the money you use is actually not your own money.
Blockchain is a bubble. So is the very essence of currency itself.
The reason why the release of TOKEN is so popular is that people for the first time actually realize that the essence of currency is credit. Credit, however can be created by media packaging and celebrity platform. And TOKEN is human’s first try to issue currency by blockchain. In the past, it took real guts to do such things. People who can understand it, will be zealous for it. People who don’t, call it fraud.
Companies, have not always been like their current form. Actually, in the future, they might even disappear.
Economic rules tell us that the transaction cost is the reason why company exists. A company will eventually grow to a state in which the company’s transaction costs and management costs are in balance. After that, the expansion of the company will lead to the increase in management costs. However, in the future blockchain world, the transaction of costs will inevitably converge to zero. Can companies still find their reasons to exist at that time? It’s not a long time since the first company came into being. So I would like to say that, the demise of the form of companies will not be far in the future.
In terms of market value, bitcoin market value is over $190 billion, exceeding Goldman Sachs and Morgan Stanley, as well as Boeing.
In terms of trading volume, some bitcoin companies such as Binance, OKEX and Huobi have almost reached the scale of the China A shares.
And here comes DAO, Distributed Autonomous Organization. In the future, more and more companies will be community-oriented on the base of blockchain. Also, there will be more start-up companies choosing to finance by blockchain and operate as a community directly.
Different people will have different feelings and understandings even when watching the same TV series. I watched a Chinese TV series called “Nothing Gold Can Stay”. It led me to think that, in the era of emerging capitalism, how greatly the traditional family business was impacted by the new production relations of the companies. The protagonist Zhou Ying, richest women in her province, failed not because she did not do well, but because the backward production methods dragged her down to the inevitable tragedy. Similarly, in the future, it’s not because that you are not good enough, nor your company is not good enough, but because more and more companies change their patterns and choose a decentralized and community-based mode.
Challenge of the society
The law always lags. Code is the (new) law.
The laws in almost in every country stipulate that users’ data on the Internet only belongs to the users themselves. Companies like Huawei and WeChat also claim that the data belongs to the users. But they know clearly that the data belongs to whoever has access to it.
Facebook, as well, claims that they will protect the user’s data. However, things turns out that they sell the data to whoever pay them.
All software has user authorization and agreement terms, but who will actually read it? What’s the point of reading? Since the law is merely a useless ceremony thing.
There are hundreds of laws about company governance and financing, but how does it do with decentralized communities?
The law stipulates that whoever commits a fraud over a certain amount of money will be put into jail. But in reality, there are people who just defraud billions of dollars by using the blockchain, and the law can do nothing about it.
The country is also a form of relation of production
Chinese students have learned about the relations of production since primary school. I’m not very good at it, so I won’t dig too deep.
Today, we are living in a centralized society, working in a centralized company, getting paid with the temporary coinage issued by the centralized system and imagining the challenges that decentralization will bring to our lives. Of course, our biggest goal is to make a better and fairer society by blockchain, where everyone will have more new opportunities.
In the end, I’d like to end up my speaking with a song. It’s called “ Song of Blockchain”. Hope you enjoy it.
— — — — — — — — End — — — — — — — — —
Guoping Liu
Blockchain technology and applications expert, one of Bitcoin’s first miners, founding developer of the Hero mobile cross-platform framework, president of the Hero Council. Formerly @ Wind, The9, and Dianrong, where he was heavily involved in the development of Dianrong’s blockchain applications.
Previously spent many years developing the Hero framework and blockchain applications. In 2017, meshed the two together to create Hero Node, aimed at making distributed applications easy to develop for everyone. Staunch believer in a better future with distributed applications.
In an open world, Hero Node welcomes any and all feedback. Especially helpful feedback will be rewarded!
Talk to us: Email: [email protected] Twitter: Hero Node
submitted by HeroNode-official to u/HeroNode-official [link] [comments]

Binance: How to Withdraw Cryptocurrency Quick & Easy ... Tutorial: Send and Receive Bitcoin (coins) on Ledger Nano ... How To Trade On Binance [EASY STEP BY STEP GUIDE] - YouTube how to send and receive bitcoins on blockchain - YouTube Use a Debit Card on Binance US to Buy Bitcoin! - YouTube How to SHORT or LONG Bitcoin with Leverage  BINANCE FUTURES TUTORIAL  EXPLAINED for Beginners How to show your Binance Balances in USD and EUR Transferring Funds from Binance to Coinbase - YouTube How To Send Bitcoin From GDAX To Binance For FREE! How to Trade Using Binance Futures

Trade over 40 cryptocurrencies and enjoy the lowest trading fees in America. Launched as recently as late 2017, Binance is a third-party exchange platform that allows users to buy, sell and trade cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, and hundreds more. Although the company now has its headquarters in the European Isle of Malta, the project was founded by Chinese national Changpeng Zhao (CZ). The search for a better solution gave birth to Bitcoin which was later followed by other altcoins. Who Created It? It was created by Satoshi Nakamoto. He published this invention on the 31st of October 2008 in a cryptography mailing list in a research paper called “Bitcoin: A Peer-to-Peer Electronic Cash System”. It was implemented as an open-source code and released in January 2009. No ... Reviewing the Binance exchange. Bitcoin exchange and Chinese cryptocurrencies Binance known for its low transaction fee (0.1%) as well as its fast transaction processing. Technology of Binance Exchange Capable of handling 1.4 million orders per second, this makes it the most potential trading platform of the future in terms of trading volume. At the time of Virtual money blog In writing this ... Even if you’re yet to buy your first ever cryptocurrency, there’s a good chance that you’ve heard of Binance. The Malta-based cryptocurrency exchange is often regarded as one of the largest ... For starters, most people who are looking at how to buy coins on Binance are doing so because this platform supports a significant number of cryptocurrencies.As of writing this guide, you’ll find over 150 different cryptos and altcoins available to be traded on the site.. These crypto coins include both all of the major cryptocurrencies of the world (Bitcoin, Ethereum, Litecoin, etc.), and a ... Binance, the #1 spot cryptocurrency exchange in the world with USD 0.5-1 billion of daily trading volume, will launch the Binance decentralized exchange (DEX) in early 2019.. A video preview and the launch of its own blockchain has seen a major rally for its native token, BNB, with its market cap increasing USD 150 million, rocketing it to #13 on CoinMarketCap with a market cap of USD 800 million. Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited - first 200 sign-ups & exclusive to CryptoPotato). Click here to start trading on BitMEX and receive 10% discount on fees for 6 months. CZ and Binance led a campaign to delist Bitcoin (BSV) from its platform and other exchanges, including Kraken and ShapeShift, in April 2019. CZ has regularly referred to Dr. Wright as a fraud, and Wright has accused Binance of facilitating criminal activities. Both are known to taunt each other on social media with threats of law enforcement action. Reiterating points he has made in the past ... Buying Bitcoin with a Credit Card On Binance. Buying Bitcoin with a credit card on Binance is fairly simple. Simply navigate to this page, select which cryptocurrency you'd like to purchase and how much you want to buy. From there you'll be asked to fill in standard details like your address, phone number and date of birth. The platform that processes the payment, Simplex, will also ask for a ...

[index] [22795] [7901] [13735] [15276] [5671] [12103] [608] [11620] [16648] [11]

Binance: How to Withdraw Cryptocurrency Quick & Easy ...

In this quick tutorial I show you how to send and receive Cryptocurrencies on Ledger Nano S Easily. I show you step by step how to receive ethereum on your l... 🏆 Buy Bitcoin to Trade at Coinbase and get $15 discount: https://bit.ly/2Us4Qto 🏆 Get $30 off a TradingView account: https://bit.ly/3bBGOSs 🏆 Get 10% reduction in fees for 6 months by ... How to Buy Bitcoin on Binance US & Store in a Ledger Nano X - Duration: 8:36. ... Binance Future x20 leverage long and short position bisaya tutorial - Duration: 9:01. Bontox X 4,047 views. 9:01 ... CryptoRobert's quick and easy tutorial on how easy it is to send Bitcoin or Ethereum to Binance using GDAX. You read that correctly. ANYONE can use GDAX to quickly fund not just your Binance ... It's a good idea to have accounts with other exchanges ready just in case one exchange goes down. When Coinbase went down during the Bitcoin Cash launch, I b... Trade on Binance: https://www.binance.com/?ref=10051338 Trade BTC/EUR/GBP on Binance: https://www.binance.je/?ref=35005899 Chat with us on Discord: https://d... How to SHORT or LONG Bitcoin with Leverage BINANCE FUTURES TUTORIAL - Duration: 13:32. sunny decree 86,803 views. 13:32. Margin Trading Tutorial in 5 minutes - Duration: 5:13. !!👨‍💻 SET UP A BINANCE US ACCOUNT 👩‍💻 !! https://www.binance.us/?ref=35000644 Binance US now allows you to use a Debit card to make purchases ... In this video, I show you how to withdraw on Binance using the cryptocurrency Ripple (XRP) as an example. Learn step-by-step how to make a withdrawal from Bi... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

#