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Just as is the case with Ethereum’s ERC-20 token standard, BEP-20 focuses on the easy deployment of tokens across DeFi protocols. The easiest way to move the funds from BSC to BC and vice-versa is through the Binance Chain Wallet . It allows you to access funds on BC, BSC, and Ethereum. Whether you want to trade NFTs or engage in yield farming for passive income, it seamlessly integrates into your browser as an extension. However, the Binance Chain wallet is yet to arrive on mobile devices as an app . This is not an issue because if you already have an account on Binance, it is also a web wallet, accessible through any device and operating system. Nonetheless, keep in mind that web wallets are custodial — they hold your private key, therefore, third-party control over your funds. How does BSC work? As a second-generation blockchain, BSC uses Proof-of-Staked-Authority (PoSA) consensus algorithm . Meaning, it combines delegated Proof-of-Stake (PoS) with Proof-of-Authority (PoA). This makes BSC much more energy-efficient than first-generation blockchains relying on Proof-of-Work (PoW), such as Bitcoin or Ethereum. Bitcoin often pops up in news headlines due to the amount of electricity its PoW needs to secure the network, most commonly titled as “Bitcoin uses as much power as X country.” PoS removes such energy baggage by using economic staking — validators — instead of computational power — miners — to confirm transactions and add new data blocks. Delegated Proof-of-Stake. A delegated PoS is a further step up by introducing voting and delegation mechanisms , so that those with the most staking power don’t dominate the entire network. Almost all newer smart contract blockchains use some PoS derivation — Cardano, Algorand, Solana, Avalanche, Cosmos, etc. PoS have become popular not only because they remove miners as such, but they rely on an incentives structure to secure the network. Proof-of-Authority. After all, those with the most stake (tokens locked in) receive greater rewards to preserve the network. However, because it may happen that stakes of equal size have different values, developers made use of Proof-of-Authority for additional security . PoA simply replaces monetary value with the validator’s identity. Presently, Binance Smart Chain has 21 validators in charge of processing transactions and securing the network, making it a highly centralized smart contract platform. For comparison, Ethereum, on its way to ETH 2.0 upgrade, has over 200,000 validators. Lastly, when BSC needs an upgrade or a patch, it enters an epoch period consisting of 240 blocks (about 20min). As another PoS property to curtail malicious behavior — double signing and node downtime — BSC also employs a “slashing” governance mechanism , which removes a significant portion of validator’s stake. BSC gas fees compared to Ethereum. 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Again, cryptocurrency is not banned in China China’s central banks have banned the trading of cryptocurrency for fiat (dollar) currency. This regulation led to Binance being banned. The SafeTitan ($STTN) coin, which has its ICO on October 14th, has great foresight on this issue. The token brand’s website has bragged about being “The China Coin” and a solution coin for the Chinese since June. Chinese central bank (PBOC) banned digital currency trading today, just four months after announcing their plans., binance ios下载. Significantly, however, is the SafeTitan ($STTN) cryptocoin that preceded the Decentralized Exchange. It is BEP20 aka BNB-Paired. This makes trading convenient for Binance users holding the BNB crypto coin to invest in SafeTitan. And not only that, to use them for trading into other cryptocurrencies once the Swap is released. In layman’s terms, this BEP20 token will boost daily Binance (BNB) transaction totals first. Once the SafeTitan Swap has been launched, it will facilitate the trading of BNB tokens in China. With all of the recent positive news for Binance, there’s no wonder why token values are soaring. However, one Wall Street company believes this isn’t enough to sustain the Bull run. If you find this article informative then do share it with your friends and family! Ardor Delivers Powerful Blockchain Platform with Promising Native Support for NFTs. In a recent report, nonfungible.com noted that over $2 billion was spent on NFTs during the first three months of 2021, marking a 2,100% increase over the fourth quarter of 2020. Per DappRadar, NFTs generated more than $1.2 billion in sales in July 2021 alone, more than half of the cumulative sales volume between January and June of 2021. The milestones mentioned above are just the tip of the iceberg as the NFT ecosystem continues to expand, setting new records with every passing day. Between 2020 and 2021, NFTs have established themselves as one of the most prominent sectors within the decentralized finance (DeFi) economy, enabling thousands of creators globally to start a parallel (and recurring) source of income. However, getting started with NFTs isn’t everyone’s cup of tea. Besides blockchain’s steep learning curve, the complications of creating multiple wallets, purchasing the required tokens to pay gas costs, and identifying the right marketplace for affordable NFT listings all make it difficult for artists to mint their own NFTs.AF. The process of minting NFTs may vary broadly, primarily due to the availability of several blockchain platforms that support NFTs and the rise of hundreds of new marketplaces. Moreover, most platforms bump up against limitations or face challenges when dealing with a surge in NFT demand. For instance, at present, the vast majority of NFTs and NFT marketplaces are built on the Ethereum network. Due to the influx of artists and collectors, the Ethereum network has come under unprecedented pressure, resulting in network congestion, low throughput, and rising gas fees. A Fully-Featured Platform For NFTs. While several alternative blockchain solutions like Binance Smart Chain, Polkadot, and more have started supporting NFT solutions, not all offer native support. In fact, most underlying blockchains are totally oblivious to the available NFT assets minted or traded on their platform, as related activities like registering wallets, purchasing tokens, and trading is made possible using smart contracts constructed by third-party developers. Relying on smart contracts built by third-party developers may lead to several problems, including security risks, higher costs, and increased centralization. This is where Ardor emerges as an impressive solution for developers and individual artists, conveying several features designed specifically to support NFT tokens and assets. Conceived by the team behind Jelurida and Nxt, Ardor is a multi-chain proof-of-stake (PoS) blockchain platform with a unique parent-child chain architecture alongside extremely powerful customization features. Ignis, the child chain of Ardor, delivers out-of-the-box features and supports advanced privacy mechanisms like coin shuffling and encrypted messaging for secure sharing between third parties. https://grimdark-factory.com/forum/profile/binance45774139/
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