Binance Smart Chain (BSC) is a blockchain network that was launched by Binance, one of the largest cryptocurrency exchanges in the world, in September 2020. It is designed to provide a high-performance, low-cost alternative to other blockchain networks, particularly Ethereum.

BSC is based on a Proof-of-Stake (PoS) consensus algorithm, which makes it much faster and more energy-efficient than Proof-of-Work (PoW) blockchains like Bitcoin and Ethereum. It is also compatible with the Ethereum Virtual Machine (EVM), which means that developers can use existing Ethereum tools and applications on the BSC network.

One of the key features of BSC is its low transaction fees, which make it an attractive option for users who want to avoid the high fees associated with Ethereum. BSC achieves this by using a dual-chain architecture, where there is a main chain and a parallel chain that processes transactions in a faster and more efficient way.

Overall, Binance Smart Chain has gained significant popularity in the decentralized finance (DeFi) space due to its low fees, fast transaction speeds, and compatibility with existing Ethereum tools and applications.

There are several benefits of Binance Smart Chain (BSC):

Low Transaction Fees: BSC is known for its low transaction fees, which makes it an attractive option for users who want to avoid the high fees associated with other blockchain networks, particularly Ethereum.

Fast Transaction Speeds: BSC is designed to provide fast transaction speeds, with an average block time of 3 seconds. This makes it an ideal option for applications that require fast and efficient transactions.

Compatibility with Ethereum: BSC is compatible with the Ethereum Virtual Machine (EVM), which means that developers can use existing Ethereum tools and applications on the BSC network. This makes it easier for developers to build and deploy decentralized applications (dApps) on BSC.

High Scalability: BSC is designed to be highly scalable, with the ability to process up to 100 transactions per second. This is achieved through the use of a dual-chain architecture, where there is a main chain and a parallel chain that processes transactions in a faster and more efficient way.

Decentralized Finance (DeFi) Ecosystem: BSC has become a popular choice for developers building DeFi applications, with a wide range of DeFi projects already running on the network. This has created a thriving DeFi ecosystem on BSC, which is attracting more users and developers to the network.

Overall, Binance Smart Chain offers a number of benefits that make it an attractive option for users and developers looking for a fast, efficient, and low-cost blockchain network.

#BSC #originalcontent #Binance #crypto2023 #keepbuilding

How much we each value money is an interesting concept. It may seem that some people value it less than others. Others are willing to work harder for it too. While these concepts are pretty abstract, when it comes to valuing money over time, there is, in fact, a well-established framework. If you're wondering whether to wait for a larger end-of-year raise or get a smaller one now, the time value of money is a great principle to learn.

Introducing 

The time value of money (TVM) is an economic/financial concept that states it's preferable to receive a sum of money now than an equal amount in the future. Within this decision is the idea of opportunity cost. By choosing to receive the money later, you miss the opportunity to invest it in the meantime or use the money for some other valuable activity.

Let's look at an example. You loaned your friend $1,000 a while back, and they've now got in touch to return it. They offer to give you the $1,000 today if you pick it up, but tomorrow they're going on a round-the-world trip for one year. However, they would give you the $1,000 once they're back in 12 months.

If you're feeling particularly lazy, you may wait 12 months. But the TVM means you'd be better off picking it up today. Within those 12 months, you could put it in a high-interest savings account. You could even wisely invest it and make some profit. Inflation would also mean that your money is worth less 12 months into the future, so you're actually being paid less in real terms.

An interesting question to consider is what would your friend have to pay you in 12 months to make it worth the wait? For one thing, your friend would at least need to offset the potential earnings you could make in the 12 months waiting period.

What Is Present Value and Future Value?

We can summarize this whole conversation neatly in a succinct formula known as the TVM Formula. But before we jump into that, we need to get some other calculations out of the way first: the present value of money and the future value of money. 

The present value of money lets you know the current value of a future sum of cash, discounted at the market rate. Looking at our example, you might want to know what the $1,000 from your friend in one year is actually worth today.

The future value is the opposite. It looks at a sum of money today and calculates what its worth will be in the future at a given market rate. So, the future value of $1,000 in a year would include a year's worth of interest.

Inflation effect

As of yet, we've not factored inflation into our calculations. What good is a 2% per annum interest rate when inflation is running at 3%? In periods of high inflation, you may be better off plugging in the inflation rate rather than the market interest rate. Wage negotiations are one place where this is commonly done.

However, inflation is a much trickier thing to measure. For one, there are different indexes to choose from that calculate the increase in the price of goods and services. They commonly provide different figures. Inflation is also fairly hard to predict, unlike market interest rates. 

In short, there isn't much we can do about inflation. We can build into our model a discounting aspect for inflation, but as mentioned, inflation can be wildly unpredictable when it comes to the future.

the dollar has devalued against gold by more than 95% over time.

How Does the Time Value of Money Apply to Crypto

There are multiple opportunities in crypto where you can choose between a sum of crypto now and a different sum in the future. Locked staking is one example. You may have to make a choice between keeping your one ether (ETH) now or locking and getting it back in six months with an interest rate of 2%. You may, in fact, find another staking opportunity that offers a better return. Some simple TVM calculations can help you find the best product.

More abstractly, you might be wondering when you should buy bitcoin (BTC). Although BTC is commonly called a deflationary currency, its supply actually increases slowly until a certain point. This, by definition, means it currently has an inflationary supply. Should you then purchase $50 of BTC today or wait for your next paycheck and buy $50 next month? TVM would recommend the former, but the actual situation is more complex due to the fluctuating price of BTC.

Interest rates, yield, and inflation are common in our daily economic lives. The formalized versions we worked on today come in great use to large companies, investors, and lenders. For them, even a fraction of a percent can make a huge difference to their profits and bottom line. For us, as crypto investors, it's still a concept worth keeping in mind when deciding on how and where to invest your money for the best returns.

#originalcontent #OriginalContent #Binance #crypto2023 #APfinanciero

Create Your Own NFT Collection at Ease!

Gone are the days when I used to wonder when, where and how to start my NFT journey. It was quite amazing to find about the launch of Binance NFT Marketplace simply because it’s the best thing to ever happen to my NFT career. I’m now deep deep in to it, so; I can tell a lot about it.

Bnance NFT has this exciting feature for creators on the Binance NFT Marketplace meant for minting non-fungible tokens (NFTs). Creators can quickly mint NFTs and create NFT collections on BNB Smart Chain (former BSC) and Ethereum (ETH).

In this article, you will learn about:

- What is NFT?

- What is NFT Collection?; and

- How to Create NFT Collection on Binance NFT Marketplace

What is NFT?

An NFT (Non-fungible Token) is a type of cryptographic token on a blockchain that represents a unique asset. These can either be entirely digital assets or tokenized versions of real-world assets.

What is NFT Collection?

NFT Collection is a way to group NFTs that you have deliberately acquired by minting in one place for easy viewing, trading or performing a variety of tasks.

How to Create NFT Collection on Binance NFT Marketplace

Binance NFT sets some requirements for users who are interested in possessing their own NFT collection on Binance NFT Marketplace:

Please note that only verified users can create NFTs on Binance, so you must complete Identity Verification before you start and you must have at least 2 followers on your Binance NFT user profile before you can proceed to create your own collection. Once you meet the minimum requirement, you can proceed to create your own NFT collection.

To create an NFT Collection on Binance NFT Marketplace, kindly follow the procedure step-by-step as explained below:

Step 1.

Login to your Binance account

Step 2.

Goto the Binance NFT Marketplace thereby clicking on the menu icon there at the top right corner of your screen

Step 3.

Select ‘NFT’ option

Step 4.

Click on your profile icon there as seen in the image here

Step 5.

Select ‘Create’ option and proceed to create your own NFT Collection.

In this step, you will be required to:

I. Select a logo image for your collection accordingly

II. Select a banner image for your collection

III. Select preferred name for the collection

IV. Select preferred symbol for the collection, this is limited to 10 characters with no space

V. Give a comprehensive description that best describes your NFT collection

VI. Select category of your NFT collection according to what it actually is about

VII. Select a Network which could be BSC or ETH

VIII. Add your smart contract address according to your selected network above

IX. Set a Royalty fee

X. Add your social media links with which you intend to promote your collection (optional)

XI. Accept the Binance NFT terms by ticking ☑️ the box provided and click on ‘Create’ your own NFT Collection provided that you have the fee for it. This is upto 1BNB for BSC smart contracts and 0.50ETH for ETH smart contracts.

Note: Each NFT collection is required to pay a fixed collection minting fee, which includes a smart contract deployment fee and service fee. The collection minting fee is charged as shown below:

Ethereum (ETH): 0.50 ETH

BNB Smart Chain (BSC): 1.00 BNB

This is to prevent the creation of low-quality NFTs and misuse of this feature and to address feedback received about the NFT minting feature from our community.

Once you finish creating, you will receive instant notification both in-app and via email about the creation of your NFT collection.

To view your collection, just goto:

‘User Centre’ by clicking your profile icon at the top side of your screen

- Click on ‘My NFTs’

You will see your collection there.

In a situation where you have some NFTs you collected previously, update your filter as seen in the image here to ‘Collection View’, you will see your collection along with those of other NFTs you have collected previously.

From this point, you can begin to mint your own NFTs under your own collection. Amazing!

I will talk about how you can create and mint your own NFT on Binance NFT Marketplace in my next article.

Here comes the end of it, for anyone with a question should kindly drop it in a comment section and I’ll try as much as possible to reply each and every question.

Follow Binance NFT on Twitter for more of their updates.

Kindly give me a Like 👍 if you find this article interesting and informative.

Thanks for reading,

Altaaf The Binancian.

#originalcontent #AltaafTheBinancian #Binance #dyor #nftcommunity

Bitcoin mining difficulty has hit an all-time high despite the struggles of BTC to surpass the $30,000 resistance mark. The leading cryptocurrency has experienced a price recovery since the turn of the year, attracting the interest of miners in recent months. The mining difficulty rose for the fourth consecutive time, reaching 47.8 trillion, an increase of 2.3%, following the most recent mining difficulty adjustment on its blockchain network on April 6, 2023.

Bitcoin's mining difficulty adjusts every 2,016 blocks to maintain the 10-minute block creation time. In recent weeks, there has been a steady increase in mining difficulty, with the last downward trend recorded on February 11. The consequences of this increase are reflected in the hash price, which is the rate of profit miners make for the hashrate they provide to the Bitcoin network. A higher mining difficulty leads to a lower hash price, as more miners contribute computing power, leading to more competition for the rewards that the Bitcoin network provides miners that produce new blocks on the network.

The Bitcoin hashrate or processing power can indicate the degree of mining difficulty. BTC's hash rate was at a record high during the mining difficulty adjustment that preceded the latest one, leading to increased mining difficulty. However, the hashrate has fallen by an average of 20 EH/s this week, though different sources measure the metric differently.

The major reason for the increased mining difficulty is the bullish market that Bitcoin has experienced since the start of 2023. Bitcoin has appreciated by more than 50%, leading to many miners reconnecting their equipment after a difficult 2022. However, the crypto mining sector has not been without its difficulties, as friendly places like Texas in the United States are planning to tighten regulations on electricity that could affect the booming sector soon.

Bitcoin mining difficulty has hit an all-time high despite the struggles of BTC to surpass the $30,000 resistance mark. The mining difficulty adjusts every 2,016 blocks to maintain the 10-minute block creation time. The increase in mining difficulty has led to a lower hash price due to more competition among miners for rewards. The bullish market is a major reason for the increased mining difficulty, with many miners reconnecting their equipment after a difficult 2022. Nonetheless, the crypto mining sector faces challenges, with regulations on electricity tightening in friendly places like Texas.

#originalcontent #BTC #bitcoin #BNB #crypto2023

Friends, I think everyone has already noticed that Elon Musk decided to once again disturb the crypto market, namely Dogecoin.

The main logo of Dogecoin was displayed on the main page of Twitter together with a bird sign, which caused a strong public reaction, a huge number of crypto influencers noticed it and wrote in their posts.

After this action, the price of this meme token increased by 30%, which was used by the smartest traders.

Some managed to buy Dohi Coin at $ 0.081 and sell it at $ 0.1$

I also managed to earn a little money on this speculation, write in comments what you think about this situation!

#OriginalContent #originalcontent #DOGE #twitter #crypto2023

Finally, the price of #bitcoin reached $30,000. The price of Bitcoin increased 7% over the previous day to a 10-month high, reaching the psychological level of $30,000 on April 11 at roughly 00:30 UTC. Now up 85% so far this year is bitcoin.

It's interesting to note that the price of Bitcoin has risen exactly 10 months after trading at $30,000 on June 10 of last year. The price of bitcoin has since retraced from the $30,000 mark but has since shot up over it and is now heading in the direction of $35,000. With a 24-hour low of $28,189 and a 24-hour high of $30,400, the #BTC price is currently $30,146.

Following chart analysis of other cryptocurrencies, Coin Aquarium was one of the first few to forecast that the price of Bitcoin might reach $30,000 this week in another significant increase. On-chain, economic, and technical analyses all pointed to an impending bullish breakout.

Macro indicators and on-chain data have also been cited by a number of well-known analysts, including Willy Woo, Michael van de Poppe, and Ali Martinez, as indicators of significant price movement this week.

The critical level that marked the beginning of the "re-accumulation" stage of the Bitcoin cycle was crossed by the Bitcoin Macro Index. The on-chain Bitcoin Adjusted SOPR (aSOPR) (90d) indicator increased over 1, indicating a bull market. It produced gains of 6,110%, 150%, and 579 % in 2015, 2019, and 2020, respectively. Recently, aSOPR climbed above 1, indicating that BTC is almost ready to go parabolic.

The following Bitcoin #halving is also anticipated to take place around April 28. As a result, in less than three weeks the one-year countdown for the Bitcoin halving will start. Traders now have more justification for anticipating additional upward momentum for the price of bitcoin.

It's critical for the cryptocurrency market that Bitcoin move above $30,000 before this week's release of the U.S. Consumer Price Index (CPI) statistics. The US Federal Reserve's decision to raise interest rates at the Federal Open Market Committee (FOMC) meeting in May 2023 will have little effect on the market because several economists believe that inflation will continue to decline.

Additionally, the price of #Ethereum is rising once more, toward $2000. At the time of writing, the price of ETH is $1,923, up 4% in the previous day. Prior to April 12's significant Shapella (Shanghai + Capella) upgrade, the ETH price has experienced tremendous momentum.

#originalcontent

This news is republished from https://coinaquarium.io/

#crypto2023 #Regulation #cbdc #originalcontent

With the increasing demand for assistance in the development of Central Bank Digital Currencies (CBDCs), the International Monetary Fund (IMF) has revealed its plans to promote the digital currency's growth globally. The IMF has stated that over 40 countries have approached the organization since February 2023 seeking support for the development of CBDCs. As a result, the IMF has released a document outlining its role in the development of these currencies.

The document, which is available on the IMF's website, explains the policies and plans that the IMF has been implementing to enhance the capacity for CBDC issuance. The organization has already been advising around 30 countries on the matter, and it plans to provide a "Manual for the development of digital currencies" as part of its support.

The IMF is collaborating with other organizations such as the World Bank and the Bank for International Settlements (BIS) in the development of CBDCs. For instance, the BIS is participating in a project that aims to promote the use of CBDCs in cross-border payments.

The IMF's focus is on technical training to enhance capacity in CBDCs. The organization aims to complement the work of other international organizations, preventing duplication of effort. A concrete example of collaboration with other international organizations is the development of capacity to improve cross-border payments with CBDCs. This task was assigned to the IMF and the World Bank by the G20, in close collaboration.

According to research by the IMF, there is a high level of interest in CBDCs among countries and regions worldwide. More than 100 central banks, including China with its digital yuan and the Bahamas with its sand dollar, are interested in launching their own digital currencies to compete in the Bitcoin ecosystem.

To respond to the growing demand for technical assistance from member countries of the IMF, the organization has produced a document that summarizes the technical research conducted by its experts. This document is a preliminary guide to the upcoming release of a comprehensive manual, which will be presented at the annual meeting in 2023.

The manual will be a compendium of knowledge and experiences regarding CBDCs. It will serve as a basis for capacity development, and will hopefully help countries make informed decisions when designing and issuing their own digital currencies.

In summary, the IMF is playing a crucial role in promoting the development of CBDCs worldwide. The organization's plans include technical training and collaborations with other international organizations to enhance capacity and prevent duplication of efforts. The release of the upcoming comprehensive manual will provide valuable guidance to countries seeking to create their own digital currencies.

A Bitcoin ETF (Exchange-Traded Fund) is a financial product that allows investors to gain exposure to Bitcoin without actually owning the underlying asset. Essentially, a Bitcoin ETF allows investors to buy and sell shares in a fund that holds Bitcoin as its underlying asset.

The idea behind a Bitcoin ETF is to make it easier for investors to invest in Bitcoin. Instead of having to go through the hassle of buying and storing Bitcoin themselves, investors can simply buy and sell shares in the ETF through their brokerage account. This can make it easier for institutional investors and other large investors to invest in Bitcoin, as well as making it more accessible to individual investors.

Bitcoin ETFs are regulated financial products, which means that they must meet certain regulatory requirements before they can be listed on an exchange. The first Bitcoin ETF was launched in Canada in February 2021, and there have been efforts to launch similar products in the United States and other countries.

Thanks for reading,

Altaaf The Binancian.

#originalcontent #Binance #crypto2023 #BTC #AltaafTheBinancian

Introduction

Decentralized finance, also known as DeFi, has been rapidly gaining popularity and disrupting traditional financial systems. In recent years, it has emerged as a groundbreaking concept that holds the potential to revolutionize the way we manage our finances. By leveraging blockchain technology and smart contracts, DeFi solutions provide individuals with unprecedented control, transparency, and accessibility over their financial assets. In this article, we will delve into the impact of decentralized finance solutions in everyone's daily lives, exploring the various ways they are transforming the financial landscape.

Enhanced Financial Inclusion

Decentralized finance solutions have the power to enhance financial inclusion on a global scale. Traditional banking systems often impose stringent requirements and exclude individuals without access to the necessary documentation or those residing in remote areas. However, DeFi platforms eliminate these barriers by allowing anyone with an internet connection to participate in financial activities. Through decentralized lending and borrowing protocols, individuals can obtain loans without relying on traditional intermediaries, ensuring that even the unbanked population can access financial services.

Borderless Transactions

One of the significant advantages of decentralized finance is its borderless nature. Traditional financial systems often involve lengthy and expensive cross-border transactions, requiring intermediaries and incurring significant fees. With decentralized finance solutions, individuals can send and receive funds across borders seamlessly and at a fraction of the cost. By leveraging blockchain technology, these transactions can be executed directly between parties, eliminating the need for intermediaries and reducing transaction fees.

Elimination of Intermediaries

Decentralized finance solutions empower individuals by eliminating the need for intermediaries such as banks, brokers, and insurance companies. Traditional financial systems rely on these intermediaries to facilitate transactions, validate identities, and ensure trust. However, DeFi platforms utilize smart contracts, which are self-executing agreements stored on the blockchain, to automate these processes. This not only reduces costs but also minimizes the potential for human error and manipulation.

Increased Privacy and Security

Privacy and security are paramount when it comes to financial transactions. Traditional financial systems require individuals to disclose personal information, making them susceptible to data breaches and identity theft. Decentralized finance solutions address this concern by providing individuals with increased privacy and security. Since transactions on the blockchain are encrypted and pseudonymous, personal information is not directly exposed. Additionally, the decentralized nature of these platforms reduces the risk of centralized hacks, as there is no single point of failure.

Access to Investment Opportunities

Decentralized finance solutions offer individuals access to a wide range of investment opportunities that were previously inaccessible or reserved for accredited investors. Through decentralized exchanges (DEXs) and liquidity protocols, individuals can trade and invest in various assets, including cryptocurrencies, tokens, and even real-world assets like real estate. This democratization of investment opportunities allows individuals to diversify their portfolios and potentially earn higher returns.

Empowerment of Content Creators

Content creators, such as artists, musicians, and writers, have historically struggled to receive fair compensation for their work due to the involvement of intermediaries and copyright infringement issues. However, decentralized finance solutions, particularly non-fungible tokens (NFTs) and blockchain-based royalty systems, are changing the game. NFTs enable creators to tokenize their digital creations, ensuring provenance and establishing ownership rights. Moreover, blockchain-based royalty systems automate the distribution of payments, ensuring that creators receive fair compensation whenever their work is used or sold.

Smart Contract Automation

Smart contracts play a crucial role in decentralized finance solutions, enabling the automation of various financial processes. These self-executing contracts are programmed to execute predefined actions when specific conditions are met. For instance, smart contracts can automate loan repayments, interest calculations, and even insurance claims. This automation not only eliminates

Financial Empowerment

Decentralized finance solutions empower individuals to have full control over their financial assets. Unlike traditional systems where individuals rely on third parties to manage and control their funds, DeFi platforms allow users to be their own custodians. With the help of digital wallets and private keys, individuals can securely store and manage their assets without the need for a centralized authority. This level of control gives individuals the freedom to make financial decisions according to their own preferences and risk appetite.

Global Access to Capital

Decentralized finance has opened up new avenues for accessing capital on a global scale. Through decentralized lending platforms, individuals can borrow funds from a global pool of liquidity providers, irrespective of their geographical location. This means that entrepreneurs in developing countries who may have limited access to traditional funding sources can now raise capital for their business ventures. Additionally, decentralized fundraising platforms, known as Initial Coin Offerings (ICOs) and Initial Decentralized Exchange Offerings (IDOs), allow startups to raise funds directly from the public, bypassing the traditional venture capital route.

Financial Innovation and Experimentation

Decentralized finance solutions have created a fertile ground for financial innovation and experimentation. With the open-source nature of DeFi protocols, developers and entrepreneurs can build and launch their own financial applications on existing blockchain platforms. This has led to the emergence of novel concepts such as decentralized derivatives, prediction markets, yield farming, and decentralized insurance. The decentralized nature of these innovations encourages collaboration and community involvement, fostering a vibrant ecosystem of experimentation and improvement.

Conclusion

Decentralized finance solutions are disrupting the traditional financial landscape and transforming the way we manage our finances. From enhanced financial inclusion and borderless transactions to the elimination of intermediaries and increased privacy and security, the impact of DeFi on everyone's daily lives is significant. These solutions provide individuals with unprecedented control over their financial assets, access to investment opportunities, and the ability to monetize their creative work. Furthermore, the automation enabled by smart contracts streamlines financial processes and enhances efficiency. As decentralized finance continues to evolve, its potential to revolutionize the financial industry and empower individuals worldwide is undeniable.

#feedfeverchallenge #originalcontent #educational #keepbuilding #decentralizedfinance

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

I have already told you that expect the pump on the Bitcoin, but on the mid-term it does now looking good and I suppose it will crash in the upcoming week.

Awesome oscillator helps us to mark the Elliott waves in the correct way. Rememeber that it has the maximum value in the wave 3. Therefore all this sideways move is just a correction. This is the most annoying wave 4 which can lasts up to 70% of entire waves cycle. Obviously wave 4 is about to end and very soon we are going to see the pump.

I consider there is gonna be the short squeeze a little bit higher than $30k. Just imagine how greedy the crowd is gonna be. I am looking for the divergence with AO and bearish reversal bar at the very top to short the market. This potential dump is goona be huge and I am ready for this.

Chart 1. BTC price.

Best regards, Ivan

Subscribe now and never miss an update 👍 #BTC #crypto2023 #dyor #skyrex #originalcontent

Price action is considered the "king" in chart making because it provides traders with the most relevant and up-to-date information about market movements. Price action is simply the movement of an asset's price over time, and it is reflected in the price chart.

Price action reflects the supply and demand dynamics of the market, as well as the sentiments and emotions of traders. Traders who use price action analysis can interpret market movements and patterns to identify potential trading opportunities and make informed trading decisions.

Some benefits of price action analysis include:

Real-time information: Price action provides traders with the most up-to-date information about market movements. Unlike lagging indicators, which rely on past price movements, price action is a current reflection of market sentiment.

Simplicity: Price action analysis is relatively simple compared to other forms of technical analysis, as it focuses solely on the price chart and does not require complex calculations or formulas.

Flexibility: Price action analysis can be used in any market, on any time frame, and with any asset. Traders can use the same principles of price action analysis to trade stocks, forex, commodities, and more.

Reliability: Price action analysis can be a reliable indicator of market movements, as it reflects the true sentiment of traders in the market.

Overall, price action analysis is considered the "king" in chart making because it provides traders with real-time, relevant information about market movements, which can be used to make informed trading decisions.

#Priceanalysis #Binance #originalcontent #dyor

Hello, I am going to follow my trading plan which I shared yesterday. Now BTC has already formed the bearish reversal bar next to the upper band of the trading range.

It's not enough to jump into short trade. First of all I wanna see the confirmation - breakdown of the $30143 price level. This bar also is a squat bar and has a great angulation with the alligator. Therefore in case of the confirmation I will consider this swing as the trimmed wave 5 inside wave 5 from my previous articles.

Chart 1. BTC price

Best regards, Ivan

Subscribe now and never miss an update 👍#bitcoin #BTC #dyor #skyrex #originalcontent

When we say social media browsing, online shopping, digital games, the Internet has become an integral part of our daily life. The increase in our virtual habits has inevitably brought the need for a faster, reliable and personalized Internet to the agenda. This is exactly what Web 3.0, whose name we have started to hear often in recent years, promises. By making use of artificial intelligence technology, it is preparing to provide us with the most relevant data and create a more transparent sharing environment.

So how is this actually going to be possible? To understand, first of all, what is Web 3.0, what is the difference from previous versions, it is useful to know. So let's take a short trip now on the evolutionary journey of the Internet and what awaits us in the future.

What is Web 3.0?

Web 3.0 is still in the development stage. For this reason, there is no universally accepted definition. However, we can say that there is a new version of the Internet based on the blockchain system that is planned to be passed in the future. This technology, which we can call the third generation of the Internet, makes use of artificial intelligence (AI) and machine learning. In this way, it has the ability to understand, interpret, categorize the content it collects just like a human, create and share better content. Imagine that you are learning from machines how the photo you will put on your social media account is. Or machines create comments about the movie you're watching. In fact, there are currently some programs that use this technology. Apple's virtual assistant Siri or Amazon's virtual assistant Alexa can detect users' voice commands and provide them with the most accurate information.

Another example is Wolfram Alpha. This information engine, which uses artificial intelligence technologies, is able to calculate search terms Decently unlike Google. In other words, instead of listing the most relevant web pages related to the searched concept, it presents the data related to that concept to the user in a numerical format.

What is the difference between Web 1.0 and 2.0?

Web 1.0, the oldest version of the Internet, comes across as an information provider where users can only consume content instead of producing it, and interaction is very limited. during this period, which passed from the 1990s to 2004, people can mostly use websites to get information.

With the transition to a higher version of the Internet, Web 2.0, our digital experiences are also beginning to diversify. For example, take a look at the social media platforms we use. Thanks to the content we share, we interact almost continuously. Now we can contribute to websites with our comments, rate businesses on Google, create an agenda with a tweet we send on Twitter, share many moments with our followers on Instagram, deliver a video we post on TikTok or YouTube to millions of people in seconds and allow them to share them with each other. In short, thanks to the Web 2.0 infrastructure, we can experience the Internet socially and interactively.

Web 3.0, on the other hand, refers to a new web technology in which content production is carried out by artificial intelligence (AI). In other words, thanks to the software running with artificial intelligence technology, the data is collected and reproduced by making it compatible with the user. It is also expected that this will allow us to reach more objective conclusions. After all, it is assumed that since the information is not created by humans, it will not undergo any changes either.

Web 3.0 refers to a new web technology in which content production is carried out by artificial intelligence. In other words, thanks to the software running with artificial intelligence technology, the data is collected and reproduced by making it compatible with the user.

Another obvious difference between Web 2.0 and previous versions is the way information is stored.Dec. In Web 2.0, our information is registered to the database via the platform we use. In other words, the companies responsible for these platforms can easily access this information. It is not a coincidence that many of the ads we see on Instagram or Facebook today are aimed exactly at our needs. Web 3.0 plans to use a new information collection and distribution network based on the blockchain system instead. To understand this, let's first briefly remember what blockchain is. This technology, which makes it easier to manage our crypto assets, is actually an improved registration system. It tracks our transactions such as paying, ordering through the networks we connect our crypto wallet to. Here,

Web 3.0 is expected to use the same technology. It makes our interactions on the internet secure by connecting the system-defined blockchain with our accounts. Thus, it also prevents the data we share with each other from reaching third parties. In short, thanks to the high-security software used in this technology, we do not need any central authority to store our personal data, we can control them ourselves.

What awaits us in the future?

Today, many platforms are working to become compatible with Web 3.0 technology. They aim to provide the user with the fastest, accurate and objective information. If the expected change takes place, we will no longer need to communicate through various platforms. It will be possible for us to connect with each other via a decentralized network system without social media accounts, websites or applications.

In order for us to use Web 3.0, we need to define our crypto wallets to the system. In this way, we are able to maintain our interactions on social media accounts and applications. In return for our contributions on the Internet, it is stated that we will receive crypto payments.

In this case, the popularity of cryptocurrencies is likely to increase gradually. NFT collections can take more place in our lives with the transition to the Web 3.0 version of the increasing use of digital money with the Metaverse.

On the other hand, whether Web 3.0 will create a new vulnerability is another topic of discussion. There is still a risk that our digital wallets will be copied by various social engineering attacks. In addition, some attackers may threaten the security of our information by placing malicious software on the blockchain. This situation inevitably leads to the need to eliminate legal vulnerabilities in smart contracts.

After all, since web 3.0 is still in the development phase, it is difficult to know exactly what it promises us in the future. But it is also a fact that an extraordinary technological revolution is at the door, in which we interact more with software…

#originalcontent #Binance #buildtogether #keepbuilding #Web3

Blockchain is a digital ledger technology that enables the secure and decentralized storage of information. At its core, blockchain is a series of blocks, where each block contains a set of transactions that have been verified and added to the ledger. Here is a simplified explanation of how blockchain works:

Transactions are initiated: Transactions are initiated by users who want to transfer or exchange digital assets, such as cryptocurrencies. Each transaction is recorded and broadcast to the network.

Verification process: Transactions are verified by multiple nodes (computers) on the network using complex algorithms. The nodes check the transaction to ensure that the user has the necessary funds, the transaction is not fraudulent, and that it is consistent with the network's rules.

Block creation: Once a group of transactions has been verified, they are added to a block. Each block contains a unique code called a "hash," which is generated by combining the transactions and the previous block's hash.

Block validation: The block is then broadcast to the network, where other nodes validate it by checking the hash, verifying the transactions, and making sure that the previous block's hash matches.

Addition to the blockchain: Once the block is validated by the network, it is added to the blockchain, and the transactions become part of the permanent ledger. Each subsequent block in the chain includes the previous block's hash, creating a secure and unalterable chain of blocks.

Consensus: The blockchain network uses a consensus mechanism, which is a set of rules that ensure that all nodes agree on the state of the ledger. This mechanism helps to prevent fraudulent activity, maintain the integrity of the network, and ensure that all transactions are valid.

Overall, blockchain provides a secure and transparent way to store and transfer digital assets, and it has the potential to revolutionize a variety of industries, from finance to healthcare to logistics.

#originalcontent

What is Metaverse?

Metaverse refers to the state of virtual reality technology on the fictional universe. The investment in Metaverse technology, which aims to connect users to this digital world on the Internet, continues to increase day by day. In addition to the multibillion-dollar investments of giant companies such as Facebook, Microsoft, Epic and Roblox, there is also an increase in the number of businesses opening virtual stores in a digital environment.

The Benefits that Metaverse Can Provide in the Future

Metaverse aims to increase the interaction between people by transferring the avatars in the digital world, as well as the physical surroundings and external Decencies of the users to the virtual universe. The benefits that metaverse technology can provide in the future are as follows:

Shopping and examining the products in the virtual store with augmented reality technology

Managing projects with teammates thanks to the digital office on the Metaverse

Playing 3D games and organizing tournaments

To create avatars according to personal tastes and to improve creativity by making changes on the digital Decal

In addition to physical unity, to bring users together in the digital universe to enable them to socialize Decently.

To eliminate physical boundaries and create a feeling of liberation in users thanks to the digital universe.

What is a Metaverse Plot? Dec.

Metaverse land refers to the land in the virtual universe that users can buy with digital assets offered by blockchain technology. Decapitation refers to the land in the virtual universe that users can buy with digital assets offered by blockchain technology.

These plots, which are made up of parts in the metaverse universe, are represented as NFT and given full ownership rights. Just like in physical life, these digital plots, which can be Decoupled, sold or rented, can also be used as passive income investments with strategic studies. To increase the value of the plot, you can add buildings, vehicles, offices, game trails or other digital assets to any area you buy in the metaverse universe and reflect your creativity.

Who Founded the Metaverse?

The concept of the Metaverse, first mentioned in the science fiction novel Snow Crash in 1992, was originated by Neal Stephenson, the author of the corresponding novel. Although Neal Stephenson was the founder of the concept of the metaverse, the person who led to the formation and development of awareness of this technology is Mark Zuckerberg, the founder of Meta, under the new name of Facebook. In addition, it is impossible for the Metaverse universe, which is in a decentralized structure, to have a single owner. Today, metaverse technology offers investments such as OVR and Sandbox. Metaverse continues to grow in popularity with the claim of virtualizing the universe and users in the future.

The Relationship between the Metaverse and the BlockChain

One of the most curious topics in the Metaverse universe was related to how transactions such as selling, buying or renting digital land were carried out. This is where the metaverse and blockchain relationship comes into being. Metaverse; It undertakes the duty of a bridge for the presentation of digital assets created with blockchain to users in the virtual universe. At the same time, coins, which are also used for buying, selling or leasing digital assets, highlight blockchain technology. In the future, the popularity, social activities, technological infrastructure and opportunities offered to users of the Metaverse universe, which will combine blockchain, NFT, artificial intelligence and augmented virtual reality technologies, are expected to continue Decelerating. #originalcontent #Binance #Metaverse #nftcommunity #BTC