LIVEAkanksha Saxena
@Akanksha_Saxena
Twitter- @akanksha_as17 ๐ Everything around Web3, Branding and Finance ๐ฉ๐ปโ๐ป Web3 Degen & Crypto Enthusiast ๐ฆContent Creator โข Generated 5M+ cumulative view
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Are you ready to embark on a journey where the physical meets the digital, revolutionizing the way we interact with our world?
It's to the realm of DePINs๐๐ป
๐๐ป DePIN- Decentralized Physical Infrastructure Networks
DePIN protocols have garnered interest lately due to their potential to impact a wide range of industries, including the Internet, artificial intelligence (AI), energy, wireless communications, and more.
โข Let's understand what is DePIN-
A DePIN is a decentralized application that uses tokens to incentivize people to crowdsource and build connected real-world physical infrastructure.
โข DePIN can be used in different ways.
Globally empowering individuals, these networks enable collaborative efforts in building, maintaining, and operating community-owned physical infrastructure without relying on a single centralized entity.
โข How Do DePINs Work?
DePINs function through three key elements:
โค Off-chain network mainly comprises its users and service providers
โค The blockchain brings end users and service providers together.
โค Protocol defines the key features of how a DePIN functions.
โข Benefits of DePIN
The conceptual scope of DePIN is defined by shared characteristics:ย
๐๐ป Permissionless entry
๐๐ป Distributed infrastructure costs, andย
๐๐ป Economies of scale
โข DePIN Sectors
So you can have DePINs providing everything from mobility to energy, to connectivity, to storage services.
But are all DePINs equal?
Let's break it down further ๐๐ป
โข Physical Resource Networks vs Digital Resource Networks
PRNs ๐๐ป incentivize people to direct or deploy hardware to offer real-world,
non-fungible goods and
services.
DRNs ๐๐ป incentivize people to direct or deploy hardware to offer fungible, digital resources.
#HotTrends #DePIN #Binance #CryptoEducation๐ก๐
It's to the realm of DePINs๐๐ป
๐๐ป DePIN- Decentralized Physical Infrastructure Networks
DePIN protocols have garnered interest lately due to their potential to impact a wide range of industries, including the Internet, artificial intelligence (AI), energy, wireless communications, and more.
โข Let's understand what is DePIN-
A DePIN is a decentralized application that uses tokens to incentivize people to crowdsource and build connected real-world physical infrastructure.
โข DePIN can be used in different ways.
Globally empowering individuals, these networks enable collaborative efforts in building, maintaining, and operating community-owned physical infrastructure without relying on a single centralized entity.
โข How Do DePINs Work?
DePINs function through three key elements:
โค Off-chain network mainly comprises its users and service providers
โค The blockchain brings end users and service providers together.
โค Protocol defines the key features of how a DePIN functions.
โข Benefits of DePIN
The conceptual scope of DePIN is defined by shared characteristics:ย
๐๐ป Permissionless entry
๐๐ป Distributed infrastructure costs, andย
๐๐ป Economies of scale
โข DePIN Sectors
So you can have DePINs providing everything from mobility to energy, to connectivity, to storage services.
But are all DePINs equal?
Let's break it down further ๐๐ป
โข Physical Resource Networks vs Digital Resource Networks
PRNs ๐๐ป incentivize people to direct or deploy hardware to offer real-world,
non-fungible goods and
services.
DRNs ๐๐ป incentivize people to direct or deploy hardware to offer fungible, digital resources.
#HotTrends #DePIN #Binance #CryptoEducation๐ก๐
What Is a #bitcoin #etf and Why Does Everyone from BlackRock to Grayscale Want One? ๐ค
Learn more about how It Works and how to Invest ๐๐ป
1- A Bitcoin ETF creates a simple, legally compliant way to trade the price of Bitcoinย , accessible on markets that investors are already familiar with.
2- What is an ETF?
#etf refers to the exchange-traded funds that are a collection of assets whose shares are traded on a stock market.
They blend the characteristics and potential benefits of mutual funds, stocks and bonds.
3- ETFs track BTC's value and trade on traditional stock exchanges rather than #crypto exchanges.
In addition, they allow investors to invest in Bitcoinย without the inconvenience of using a cryptocurrency exchange while also giving price leverage.
4- The majority of Bitcoin ETFs employ futures to simulate the cryptocurrency's performance.
Futures allow investors to protect themselves against turbulent markets by ensuring that they can buy or sell a specific cryptocurrency at a particular price in the future.
5- An ETF monitors the price of an underlying asset or index.
For example, a Bitcoin ETF would function similarly, with the price of one share of the exchange-traded fund fluctuating in lockstep with the price of #BTC
6- Why the need for a Bitcoin ETF?
With a BitcoinETF investors need not worry about private keys, storage, or security.
They own shares in the ETF and can gain exposure to the cryptocurrency market without having to go through the hoops of purchasing and holding crypto.
#etf $BTC
Learn more about how It Works and how to Invest ๐๐ป
1- A Bitcoin ETF creates a simple, legally compliant way to trade the price of Bitcoinย , accessible on markets that investors are already familiar with.
2- What is an ETF?
#etf refers to the exchange-traded funds that are a collection of assets whose shares are traded on a stock market.
They blend the characteristics and potential benefits of mutual funds, stocks and bonds.
3- ETFs track BTC's value and trade on traditional stock exchanges rather than #crypto exchanges.
In addition, they allow investors to invest in Bitcoinย without the inconvenience of using a cryptocurrency exchange while also giving price leverage.
4- The majority of Bitcoin ETFs employ futures to simulate the cryptocurrency's performance.
Futures allow investors to protect themselves against turbulent markets by ensuring that they can buy or sell a specific cryptocurrency at a particular price in the future.
5- An ETF monitors the price of an underlying asset or index.
For example, a Bitcoin ETF would function similarly, with the price of one share of the exchange-traded fund fluctuating in lockstep with the price of #BTC
6- Why the need for a Bitcoin ETF?
With a BitcoinETF investors need not worry about private keys, storage, or security.
They own shares in the ETF and can gain exposure to the cryptocurrency market without having to go through the hoops of purchasing and holding crypto.
#etf $BTC
Just In ๐
Ferrari Now Accepts #crypto Payments With BitPay For Car Purchases.
Ferrari accelerates into the crypto world, allowing its customers to purchase luxury vehicles with cryptocurrencies.
According to a recent report, the company is now allowing customers in the United States to purchase their high-end vehicles using crypto like $BTC and $ETH
In addition, Ferrari plans to expand this payment option to European markets in the near future following strong demand from its clientele.
What is your take on this step?
#BinanceSquare #crypto2023 #CryptoTalks #cryptocurrency
Ferrari Now Accepts #crypto Payments With BitPay For Car Purchases.
Ferrari accelerates into the crypto world, allowing its customers to purchase luxury vehicles with cryptocurrencies.
According to a recent report, the company is now allowing customers in the United States to purchase their high-end vehicles using crypto like $BTC and $ETH
In addition, Ferrari plans to expand this payment option to European markets in the near future following strong demand from its clientele.
What is your take on this step?
#BinanceSquare #crypto2023 #CryptoTalks #cryptocurrency
What Is Crypto Options Trading? ๐
The options market is one of the fastest-growing sectors in the #cryptocurrency industry.
An option is a derivative, meaning it represents an underlying asset like $BTC or $ETH
With this, you can but you don't have to buy or sell the underlying asset. You can do so when the option expires at a set price at the expiration date, or you can do so before the expiration date.
#crypto Options Exchange-
#Binance
Binance is the biggest #crypto exchange in the world and offers options for crypto, among many other products.
You can trade crypto options that are exercised upon expiration (European options). The options are settled in USDT.
There is a transaction fee of 0.03% of the underlying asset value and an exercise fee of 0.015% of the underlying asset value.
Are you intro options trading or not? ๐ง๐๐ป
The options market is one of the fastest-growing sectors in the #cryptocurrency industry.
An option is a derivative, meaning it represents an underlying asset like $BTC or $ETH
With this, you can but you don't have to buy or sell the underlying asset. You can do so when the option expires at a set price at the expiration date, or you can do so before the expiration date.
#crypto Options Exchange-
#Binance
Binance is the biggest #crypto exchange in the world and offers options for crypto, among many other products.
You can trade crypto options that are exercised upon expiration (European options). The options are settled in USDT.
There is a transaction fee of 0.03% of the underlying asset value and an exercise fee of 0.015% of the underlying asset value.
Are you intro options trading or not? ๐ง๐๐ป
Just In โก๏ธ
G20 Adopts Global Roadmap to Regulate #crypto Assets
G20 Finance Ministers and Central Bank Governors Unveil Crypto Roadmap for Global Regulation and Cooperation in Marrakesh Communique.
#Binance #crypto2023 #cryptocurrency
G20 Adopts Global Roadmap to Regulate #crypto Assets
G20 Finance Ministers and Central Bank Governors Unveil Crypto Roadmap for Global Regulation and Cooperation in Marrakesh Communique.
#Binance #crypto2023 #cryptocurrency
What Does it Mean to Tokenize Real-World Assets?
In this piece, let's understand how RWA tokenization works ๐
The core idea of RWA tokenization is basically to create a virtual investment vehicle on the #blockchain linked to tangible things like real estate, precious metals, art and collectables.
The advantages of keeping the ownership of the real-world items on the chain are ๐๐ป
๐ It lowers costs by removing middlemen.
๐ It allows fast, efficient 24/7 trading of items.
๐ It lowers the barrier to entry and creates more liquidity.
In the case of fiat currency, stablecoins are the most obvious form of RWA tokenization.
Tokens such as #Tether or #USDC are tokenized dollars.
There are various RWA protocols that are capable of tokenising RWAs from a wide variety of asset classes.
There are various challenges in the process of implementing RWAs, which include legal and regulatory compliance, valuation and auditing, custody and security, governance and trust, as well as interoperability and scalability concerns.
In this piece, let's understand how RWA tokenization works ๐
The core idea of RWA tokenization is basically to create a virtual investment vehicle on the #blockchain linked to tangible things like real estate, precious metals, art and collectables.
The advantages of keeping the ownership of the real-world items on the chain are ๐๐ป
๐ It lowers costs by removing middlemen.
๐ It allows fast, efficient 24/7 trading of items.
๐ It lowers the barrier to entry and creates more liquidity.
In the case of fiat currency, stablecoins are the most obvious form of RWA tokenization.
Tokens such as #Tether or #USDC are tokenized dollars.
There are various RWA protocols that are capable of tokenising RWAs from a wide variety of asset classes.
There are various challenges in the process of implementing RWAs, which include legal and regulatory compliance, valuation and auditing, custody and security, governance and trust, as well as interoperability and scalability concerns.
What is Layer 2? ๐๐ป
A layer 2 is any off-chain network, system, or technology built on top of a #blockchain to help extend its capabilities.
One core requirement for a network, system, or technology to be considered a layer 2 is that it inherits the security of the blockchain it is built on top of.
For example, sidechains are often not considered layer 2s because they usually deploy their own consensus mechanisms and validators, leading to a different set of security guarantees than that of the base layer chain.
The Need for Layer 2s ๐
Layer 2s are an emerging technology built on the premise that this scalability limitation exists because blockchains are tasked with too many things.
This is because blockchains today fulfill three core functions: execution, data availability, and consensus.
Layer 2 Security ๐
The concept of โproofโ is fundamental to layer 2s in order for them to inherit the security guarantees of a base chain.
Every layer 2 relies on some form of cryptographic proof to settle disputes on the base chain. The most prominent proofs today are fault proofs and validity proofs (also known as zero-knowledge proofs), foundations for the modern-day optimistic rollups and zk-rollups.
#crypto2023 #Layer2 #BTC
A layer 2 is any off-chain network, system, or technology built on top of a #blockchain to help extend its capabilities.
One core requirement for a network, system, or technology to be considered a layer 2 is that it inherits the security of the blockchain it is built on top of.
For example, sidechains are often not considered layer 2s because they usually deploy their own consensus mechanisms and validators, leading to a different set of security guarantees than that of the base layer chain.
The Need for Layer 2s ๐
Layer 2s are an emerging technology built on the premise that this scalability limitation exists because blockchains are tasked with too many things.
This is because blockchains today fulfill three core functions: execution, data availability, and consensus.
Layer 2 Security ๐
The concept of โproofโ is fundamental to layer 2s in order for them to inherit the security guarantees of a base chain.
Every layer 2 relies on some form of cryptographic proof to settle disputes on the base chain. The most prominent proofs today are fault proofs and validity proofs (also known as zero-knowledge proofs), foundations for the modern-day optimistic rollups and zk-rollups.
#crypto2023 #Layer2 #BTC
Just In ๐
1- Galaxy Digital CEO: We're going to fight like cats and dogs to win market share" once a spot Bitcoinย ETF is approved.
2- Bitcoinย hits $30,000 after ๐บ๐ธ FED announces new oversight program for Bitcoinย and crypto related activities.
3- ๐บ๐ธ Federal Reserve announces new oversight program for #bitcoin and crypto related activities.
#crypto2023 #Binance #bitcoin $BTC $ETH $BNB
1- Galaxy Digital CEO: We're going to fight like cats and dogs to win market share" once a spot Bitcoinย ETF is approved.
2- Bitcoinย hits $30,000 after ๐บ๐ธ FED announces new oversight program for Bitcoinย and crypto related activities.
3- ๐บ๐ธ Federal Reserve announces new oversight program for #bitcoin and crypto related activities.
#crypto2023 #Binance #bitcoin $BTC $ETH $BNB
Just In ๐โจ
Binanceย is pleased to announce that it has become the first fully licensed crypto exchange in El Salvador.๐ธ๐ป
Letโs keep making crypto more accessible.
#Binance #cryptocurrency #cryptonews #crypto2023 #crypto $BNB
Binanceย is pleased to announce that it has become the first fully licensed crypto exchange in El Salvador.๐ธ๐ป
Letโs keep making crypto more accessible.
#Binance #cryptocurrency #cryptonews #crypto2023 #crypto $BNB
Just In ๐
๐ฑ Fireblocks Situation Risks Binance And Other Exchanges To Delist Terra Luna Classic (LUNC) ๐คฏ
Binance and other crypto exchanges may delist Terra Luna Classic (LUNC) as Fireblocks warns about centralization and bad decision making.
#BinanceTournament #Binance #MultiChain
๐ฑ Fireblocks Situation Risks Binance And Other Exchanges To Delist Terra Luna Classic (LUNC) ๐คฏ
Binance and other crypto exchanges may delist Terra Luna Classic (LUNC) as Fireblocks warns about centralization and bad decision making.
#BinanceTournament #Binance #MultiChain
๐ Delivering Todayโs #CryptoMarket Updates below:
โจ Justin Sun Clarifies As Huobi Insolvency Rumors Spread. Justin Sun asked his Twitter followers to ignore the FUD around insolvency and keep building.
โจ MakerDAO Community approves the Proposal for Protocol Changes
โจ Worldcoin reports a significant Increase in Global $WLD Verification and Active Users, within a week of its test version launch
โจ Invisible: a decentralized P2P orderbook exchange that allows users to trade privately, launches on Testnet
โจ Avalancheย C-Chain observes a significant Surge in Daily Active Addresses and Transaction Volume during Q2
โจ $BTC -USDT ๐ผ by 0.31% ; $29,135
$ETH -USDT ๐ผ by 0.24% ; $1,838
$XRP-USDT ๐ป by 1.26% ; $0.63
(As on 2023-08-07 10:00)
$BTC #Binance $ETH $USDC #Worldcoin #bitcoin
โจ Justin Sun Clarifies As Huobi Insolvency Rumors Spread. Justin Sun asked his Twitter followers to ignore the FUD around insolvency and keep building.
โจ MakerDAO Community approves the Proposal for Protocol Changes
โจ Worldcoin reports a significant Increase in Global $WLD Verification and Active Users, within a week of its test version launch
โจ Invisible: a decentralized P2P orderbook exchange that allows users to trade privately, launches on Testnet
โจ Avalancheย C-Chain observes a significant Surge in Daily Active Addresses and Transaction Volume during Q2
โจ $BTC -USDT ๐ผ by 0.31% ; $29,135
$ETH -USDT ๐ผ by 0.24% ; $1,838
$XRP-USDT ๐ป by 1.26% ; $0.63
(As on 2023-08-07 10:00)
$BTC #Binance $ETH $USDC #Worldcoin #bitcoin
๐ข๐จ Just-In: ๐ฆ Bank Of England Hikes Interest Rate to 15-Year High; Pound Falls Sharply ๐คฏ๐
Bank of England raises interest rate to 5.25%, signaling prolonged high borrowing costs amid persistent UK inflation and pound falls sharply.
#Binance #binancefeed
Bank of England raises interest rate to 5.25%, signaling prolonged high borrowing costs amid persistent UK inflation and pound falls sharply.
#Binance #binancefeed
๐ข๐จ Breaking: Early #Terra Luna Classic Developers Seek Return To Revive $LUNC & USTC To $1 ๐คฏ
Terra Rebels and Hexxagon seek Terra Luna Classic community's support to build on the chain and revive LUNC, USTC to $1.
$BTC $USDC #terraluna #Binance #terralunafoundation
Terra Rebels and Hexxagon seek Terra Luna Classic community's support to build on the chain and revive LUNC, USTC to $1.
$BTC $USDC #terraluna #Binance #terralunafoundation
Just In ๐
Worldcoin to Share Technology for Third Parties to Build Digital ID Systems ๐ฅ
Despite investigations into several parts of Europe, Worldcoin seems to be confident of pushing its technology in the region.
#digitalassets #Binance #Worldcoin #binancefeed
Worldcoin to Share Technology for Third Parties to Build Digital ID Systems ๐ฅ
Despite investigations into several parts of Europe, Worldcoin seems to be confident of pushing its technology in the region.
#digitalassets #Binance #Worldcoin #binancefeed
๐ป Litecoin (LTC) Price Tanks After Halving, Will Bitcoin Meet Same Fate in 2024? ๐ค๐
The selling pressure after Litecoin halving has forced many to question whether Bitcoin will see the same fate after 2024 halving.
What do you all think?
#bitcoin #litecoin #litecoinhalving $BTC
The selling pressure after Litecoin halving has forced many to question whether Bitcoin will see the same fate after 2024 halving.
What do you all think?
#bitcoin #litecoin #litecoinhalving $BTC
๐ค Will #Ethereum Price Surpass $2140? Megaphone Pattern Signals Possible Bullish Reversal ๐บ๐
The crypto market started the early hours of August in red, following the significant downtrend in July.
$ETH #Binance #binancefeedfever
The crypto market started the early hours of August in red, following the significant downtrend in July.
$ETH #Binance #binancefeedfever