Archive for the ‘Binance Smart Chain’ Category

Big Eyes Coin, Binance Smart Chain and Tezos could emerge as … – Tekedia

Big Eyes seeks to implement NFTs into its ecosystem with its community and charity efforts in focus March 21, 2023.

As the world of crypto has become crowded and there is no shortage of variety, crypto platforms are in a rush to differentiate themselves from the rest of the pack. Incorporating NFTs into crypto networks is not a new concept but now has the attention of crypto platforms. But, most attempts to integrate NFTs into crypto networks have fizzled out or have seemed half-baked. But there are crypto platforms that have successfully integrated NFTs into their networks. Binance Smart Chain (BSC), Tezos (XTZ) and Big Eyes Coin (BIG) are some of the networks that can emerge as winners in cryptos push to integrate NFTs into cryptocurrency networks.

Big Eyes is a relatively new name in the crypto game. But do not let the BIGs newness fool you into taking it for a novice. The token packs a serious punch with a stellar presale and overwhelmingly positive investor sentiment. Big Eyes Coin is gearing up to give serious competition to its fellow meme coins with plans to set up an entire crypto ecosystem around its token.

The cat crew has stated that NFTs will have a central role in its ecosystem. Named the Sushi Crew, the tokens NFT marketplace will showcase NFTs from its community, and a part of the funds from their sale will go towards charity. Big Eyes has pledged 5% of its total tokens will be kept in the networks charity wallet.

Apart from Sushi Crew, Big Eyes has plans to be the preferred platform for decentralized finance transactions, with simplicity and efficiency as its key distinctions. The cute token is also all in on engaging with its community. The crypto plans to conduct real-world events across the globe to bring together its community.

Big Eyes is currently in presale and has raised a hugely impressive $31.7 million. The token is in the 12th stage of its presale, and there are three more stages to go for Big Eyes Launch.

Binance Smart Chain is a blockchain network based on the Ethereum blockchain. Through Binance Smart Chain, Binance aims to lower transaction costs and provide a platform to launch decentralized apps and decentralized finance projects. Binance is Ethereum compatible, allowing for smart contracts built on other platforms to integrate seamlessly with it. BSC uses Binance Coin (BNB) as its utility token.

BSC allows developers to create NFTs using popular standards like ERC-721 and ERC-1155. The network promises faster transaction speeds with low transaction fees. The compatibility with the Ethereum blockchain, low fees and high transaction speeds make Binances offering a great place for trade in NFTs.

Tezos is a security-focused crypto platform and uses Proof-of-Stake protocol to validate its transactions. The network involves its community in its governance and lets its community vote through staking. Tezos, like Binance Smart Chain, use the Ethereum blockchain as its backbone. Tezos stands out for its implementation of trading on NFTs on its platform for its high transaction speed and low fees compared with Ethereum. The platforms standards for NFTs are compatible with Ethereum-based standards like ERC-721.

The standout advantage of trading NFTs on Tezos is not efficiency or low fees but the networks security protocols. Tezoss smart contract language is especially robust and allows for formal verification, a feature that of particular importance when it comes to high-value NFTs.

NFTs provide a lucrative business opportunity for crypto networks, but their implementation and trading costs are critical for success. Big Eyes Coin, Binance Smart Chain and Tezos are geared for success with the advantages of community engagement, high speeds and lower fees and could be solid investment opportunities.

Find out more about Big Eyes Coin (BIG):

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

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Ethereums Potential Rivalries: Exploring the Competition among Smart Contract Platforms – Finance Magnates

Ethereum, thesecond-largest cryptocurrency by market capitalization, is known for its smartcontract capabilities, which enable the development of decentralizedapplications (dApps) on its blockchain.

However, asblockchain technology becomes more widely used, other smart contract platformsare emerging as possible competitors to Ethereum. In this post, we will look atthe competition among smart contract platforms as well as Ethereum's possiblecompetitors.

Ethereum'ssmart contract platform is one of the industry's most established and widelyused. It's been used to build dApps in a variety of industries, includingfinance, gaming, and supply chain management.

The platformssuccess can be ascribed to its accessibility and the large developer communitythat contributes to its development and upkeep.

Keep Reading

However,several new competitors are challenging Ethereums supremacy in the smartcontract platform market.

Cardano is adecentralized blockchain platform that debuted in 2017. Charles Hoskinson, oneof Ethereum's co-founders, invented it. The network employs a proof-of-stakeconsensus process, which is more energy-efficient than Ethereum's proof-of-workmechanism. Cardano also claims to be more scalable than Ethereum, with atransaction rate of up to 257 per second.

Polkadot is amulti-chain platform that began operations in 2020. It was developed by GavinWood, who was also a co-founder of Ethereum. The platform employs a novelsharding method that allows for parallel transaction processing, making it morescalable than Ethereum.

Polkadot alsoenables blockchain interoperability, allowing for smooth communication and datatransfer across them.

Binance SmartChain is a blockchain technology that was introduced in 2020 by thecryptocurrency exchange Binance. It employs a proof-of-staked authorityconsensus mechanism, which is more efficient and less energy-intensive thanEthereum's proof-of-work process. Binance Smart Chain is also less expensivethan Ethereum, with lower transaction gas fees.

Solana, which wasintroduced in 2020, is a high-performance blockchain platform. It employs anovel consensus technique known as Proof of History, which enables rapid andsecure transaction processing. Solana promises to be one of the quickestblockchain platforms today, capable of processing up to 65,000 transactions persecond.

While these newsmart contract platforms threaten Ethereum's supremacy, they also bringsubstantial potential and difficulties.

As newplatforms arise, there is a potential for innovation and the development of newfeatures and capabilities that can benefit the blockchain ecosystem as a whole.

Ethereum'ssupremacy is due in part to the network effects that have built around itsplatform. Many developers and users are already familiar with Ethereum, whichmakes developing and deploying dApps on its platform easier. It will bedifficult for new platforms to overcome the network effect and gain a largeuser base.

Ethereum 2.0 isa major upgrade that promises to deliver significant improvements inscalability, security, and sustainability.

One of the mostsignificant changes is the shift to a proof-of-stake (PoS) consensus mechanism,which is expected to make the network more energy-efficient and secure.

And, whatperhaps is the key differentiating element, Ethereum 2.0 will introducesharding, which will divide the network into smaller pieces, enabling it toprocess more transactions in parallel.

When taking acloser look at how Ethereum 2.0 compares to Cardano, Solana, and Polkadot, theadvantage given by ETH 2.0 sharding becomes evident.

Cardano is athird-generation blockchain that was created to address the scalability andsustainability issues of existing blockchains.

The Cardanoplatform uses a PoS consensus mechanism, which is similar to Ethereum 2.0. However,Cardano has given the PoS model a twist by using a rather unique approach calledOuroboros, which is designed to be more secure and energy-efficient than otherPoS implementations.

But, whileCardano may be an impressive platform, it seems it wont be able to match thespeed and efficiency of Ethereum 2.0.

Ethereum 2.0'ssharding approach is expected to enable it to process up to 100,000transactions per second, while Cardano's current capacity is limited to just257 transactions per second.

Solana isanother third-generation blockchain that aims to address the scalabilitylimitations of existing blockchains. The Solana platform uses a uniqueconsensus mechanism called Proof of History (PoH), which is designed to enablehigh-speed processing of transactions.

Solana canprocess up to 65,000 transactions per second, which is significantly higherthan Ethereum's current capacity but lower than what ETH 2.0 promises todeliver.

This happens because while Solana's processing speed is impressive, Ethereum 2.0's sharding capabilitiesare expected to give a massive boost to its transaction speed.

Additionally,Ethereum 2.0's shift to PoS is expected to make the network moreenergy-efficient and secure than Solana's PoH consensus mechanism.

Polkadot is athird-generation blockchain that aims to enable interoperability betweendifferent blockchains.

Additionally, the Polkadotplatform uses a unique sharding approach which makes this blockchain duel much more interesting.

Polkadot enables multiple chains to run inparallel, enabling interoperability between them. This feature is intended toenable different blockchains to communicate and interact with each other moreseamlessly, which is currently a major limitation in the blockchain space.

Moreover, Polkadot is able to provide stronger guarantees than ETH 2.0 with fewer validators per shard, which is an incredible feat many seem to overlook.

But, whilePolkadot's vision of interoperability is unique and promises to deliver more TPS than ETH 2.0, one can't rule out Ethereum just yet as it has a large and active developer community which is expected to continue todrive innovation and development on the platform.

As blockchaintechnology becomes more widely adopted, new smart contract platforms are likelyto emerge as possible competitors to Ethereum. While Ethereum has tremendousmarket domination, it is not indestructible.

The advent ofnew platforms opens up new avenues for innovation and advancement in theblockchain ecosystem as a whole. however, these systems present substantialhurdles, such as network effects, security, and acceptance.

Finally, theability of any smart contract platform to attract and sustain a loyal communityof developers and users will determine its success. While Ethereum'scompetitors may have certain benefits in terms of scalability, cost, andcreativity, they may find it difficult to overcome the network effects thathave been built around the Ethereum platform.

Only time willtell whether the platform emerges as the dominating force in the market for smartcontract platforms.

Ethereum, thesecond-largest cryptocurrency by market capitalization, is known for its smartcontract capabilities, which enable the development of decentralizedapplications (dApps) on its blockchain.

However, asblockchain technology becomes more widely used, other smart contract platformsare emerging as possible competitors to Ethereum. In this post, we will look atthe competition among smart contract platforms as well as Ethereum's possiblecompetitors.

Ethereum'ssmart contract platform is one of the industry's most established and widelyused. It's been used to build dApps in a variety of industries, includingfinance, gaming, and supply chain management.

The platformssuccess can be ascribed to its accessibility and the large developer communitythat contributes to its development and upkeep.

Keep Reading

However,several new competitors are challenging Ethereums supremacy in the smartcontract platform market.

Cardano is adecentralized blockchain platform that debuted in 2017. Charles Hoskinson, oneof Ethereum's co-founders, invented it. The network employs a proof-of-stakeconsensus process, which is more energy-efficient than Ethereum's proof-of-workmechanism. Cardano also claims to be more scalable than Ethereum, with atransaction rate of up to 257 per second.

Polkadot is amulti-chain platform that began operations in 2020. It was developed by GavinWood, who was also a co-founder of Ethereum. The platform employs a novelsharding method that allows for parallel transaction processing, making it morescalable than Ethereum.

Polkadot alsoenables blockchain interoperability, allowing for smooth communication and datatransfer across them.

Binance SmartChain is a blockchain technology that was introduced in 2020 by thecryptocurrency exchange Binance. It employs a proof-of-staked authorityconsensus mechanism, which is more efficient and less energy-intensive thanEthereum's proof-of-work process. Binance Smart Chain is also less expensivethan Ethereum, with lower transaction gas fees.

Solana, which wasintroduced in 2020, is a high-performance blockchain platform. It employs anovel consensus technique known as Proof of History, which enables rapid andsecure transaction processing. Solana promises to be one of the quickestblockchain platforms today, capable of processing up to 65,000 transactions persecond.

While these newsmart contract platforms threaten Ethereum's supremacy, they also bringsubstantial potential and difficulties.

As newplatforms arise, there is a potential for innovation and the development of newfeatures and capabilities that can benefit the blockchain ecosystem as a whole.

Ethereum'ssupremacy is due in part to the network effects that have built around itsplatform. Many developers and users are already familiar with Ethereum, whichmakes developing and deploying dApps on its platform easier. It will bedifficult for new platforms to overcome the network effect and gain a largeuser base.

Ethereum 2.0 isa major upgrade that promises to deliver significant improvements inscalability, security, and sustainability.

One of the mostsignificant changes is the shift to a proof-of-stake (PoS) consensus mechanism,which is expected to make the network more energy-efficient and secure.

And, whatperhaps is the key differentiating element, Ethereum 2.0 will introducesharding, which will divide the network into smaller pieces, enabling it toprocess more transactions in parallel.

When taking acloser look at how Ethereum 2.0 compares to Cardano, Solana, and Polkadot, theadvantage given by ETH 2.0 sharding becomes evident.

Cardano is athird-generation blockchain that was created to address the scalability andsustainability issues of existing blockchains.

The Cardanoplatform uses a PoS consensus mechanism, which is similar to Ethereum 2.0. However,Cardano has given the PoS model a twist by using a rather unique approach calledOuroboros, which is designed to be more secure and energy-efficient than otherPoS implementations.

But, whileCardano may be an impressive platform, it seems it wont be able to match thespeed and efficiency of Ethereum 2.0.

Ethereum 2.0'ssharding approach is expected to enable it to process up to 100,000transactions per second, while Cardano's current capacity is limited to just257 transactions per second.

Solana isanother third-generation blockchain that aims to address the scalabilitylimitations of existing blockchains. The Solana platform uses a uniqueconsensus mechanism called Proof of History (PoH), which is designed to enablehigh-speed processing of transactions.

Solana canprocess up to 65,000 transactions per second, which is significantly higherthan Ethereum's current capacity but lower than what ETH 2.0 promises todeliver.

This happens because while Solana's processing speed is impressive, Ethereum 2.0's sharding capabilitiesare expected to give a massive boost to its transaction speed.

Additionally,Ethereum 2.0's shift to PoS is expected to make the network moreenergy-efficient and secure than Solana's PoH consensus mechanism.

Polkadot is athird-generation blockchain that aims to enable interoperability betweendifferent blockchains.

Additionally, the Polkadotplatform uses a unique sharding approach which makes this blockchain duel much more interesting.

Polkadot enables multiple chains to run inparallel, enabling interoperability between them. This feature is intended toenable different blockchains to communicate and interact with each other moreseamlessly, which is currently a major limitation in the blockchain space.

Moreover, Polkadot is able to provide stronger guarantees than ETH 2.0 with fewer validators per shard, which is an incredible feat many seem to overlook.

But, whilePolkadot's vision of interoperability is unique and promises to deliver more TPS than ETH 2.0, one can't rule out Ethereum just yet as it has a large and active developer community which is expected to continue todrive innovation and development on the platform.

As blockchaintechnology becomes more widely adopted, new smart contract platforms are likelyto emerge as possible competitors to Ethereum. While Ethereum has tremendousmarket domination, it is not indestructible.

The advent ofnew platforms opens up new avenues for innovation and advancement in theblockchain ecosystem as a whole. however, these systems present substantialhurdles, such as network effects, security, and acceptance.

Finally, theability of any smart contract platform to attract and sustain a loyal communityof developers and users will determine its success. While Ethereum'scompetitors may have certain benefits in terms of scalability, cost, andcreativity, they may find it difficult to overcome the network effects thathave been built around the Ethereum platform.

Only time willtell whether the platform emerges as the dominating force in the market for smartcontract platforms.

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Ethereums Potential Rivalries: Exploring the Competition among Smart Contract Platforms - Finance Magnates

How to Find Your Binance Wallet Address – CryptoGlobe

Binance is a leading cryptocurrency exchange with hundreds of millions of users globally and a trading volume of well in the double-digit billions per day.

While its positioned as the top crypto exchange and a frontrunner in the cryptocurrency world, navigating through its platform can be daunting, especially for beginners. Simple tasks such as depositing or sending crypto, trading, or even finding your Binance wallet can take a good chunk of your time if youre new to the exchange.

This comprehensive guide will explain how to find your Binance wallet address in just a few steps.

Finding your Binance wallet address is easier than it seems. Just follow the steps below:

Many cryptocurrencies can be sent through multiple networks; therefore, If the cryptocurrency you have selected has this function, you can see the different blockchains in the dropdown menu. Many cryptocurrencies support the Binance chain and BSC, so youll have a wide array of options to choose from.

As a side note, remember to double and triple check youre choosing the correct network address. Failing to do so will ultimately lead to the loss of your funds.

Note: There are two types of Binance wallet addresses; one belongs to the Binance Chain, and the other belongs to the BNB Chain (formerly, Binance Smart Chain (BSC)), so be mindful of this since it will prompt you to choose between the two. If youre still unsure about using the correct network, make a small transaction using your BSC or Beacon address first. This way, you can check if youre using the correct address and avoid the risk of losing a larger amount of funds.

Also read: Where is Binance Located?

The process is similar to the one explained above:

If possible, avoid re-using your crypto address since malicious actors might trace your transaction activity. Use a strong password to protect your crypto, always double-check the addresses, and never reveal your seed words to anyone. Also, avoid leaving your funds in a custodian exchange; its always best to use a software or hardware wallet.

A cryptocurrency wallet can be a software or a hardware wallet in which you can store, buy, sell and trade cryptocurrencies.

The main difference between the two is that a software wallet is connected to the internet and can be used via PC or a smartphone, whereas a hardware wallet is a physical device similar to a pen drive that works offline; this comes with the advantage of eliminating the risk of cyber-attacks, but theyre not as versatile as software wallets.

Either way, crypto wallets are a great way to have full control of your funds since they grant you your private keys, which are essentially an alphanumeric code that gives you access to your coins and allows you to send and receive crypto. Popular crypto wallets include Trezor, Ledger, MetaMask, TrustWallet, etc.

Binance is regarded as one of the safest cryptocurrency exchanges in the cryptocurrency scene. Binance leverages industry-standard security features and has shown its proof of reserves.

It allows users to set up multiple security methods, such as biometric verification, 2FA, and more. However, better safe than sorry; make sure you never leave your funds in a cryptocurrency exchange and rather store your crypto in an established crypto wallet.

As you can see, finding your Binance wallet address is fairly easy. New users might feel overwhelmed with the amount of features and functions that appear on Binances dashboard. But the process just requires a bit of patience and youll be good to go.

Featured image via Unsplash.

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How to Find Your Binance Wallet Address - CryptoGlobe

Prepare for the Next Bull Run! Invest in Big Eyes Coin, Cardano, and … – NewsWatch

Due to the two crashes in 2022, there was a sense of panic in the market. But starting in the year 2023, things are changing. As they say, buy the dip. That is exactly what seasoned investors do. Since the start of the year, some cryptocurrencies have soared and have offered investors and cryptocurrency enthusiasts the highest returns possible.

The meme coin market saw the launch of a fresh meme token that was introduced some months ago. With its captivating roadmap and sustainability wallet, Big Eyes Coin (BIG) is attracting investors and the general publics attention. Alongside Cardano (ADA) and Binance Coin (BNB), Big Eyes Coin (BIG) might make the bull run a great time for investors. Is purchasing these coins before the year ends risk-free? Keep reading to learn more!

With the help of the Cardano platform, programmers may create tokens, decentralized applications, and other use cases for scalable blockchain networks. Cardanos functionality is based on smart contracts, and it was created as a better alternative to Ethereum. ADA drives the Cardano platform. Its duty is to act as the medium of exchange for pledging and staking in the Cardano ecosystem. Users are compensated using transaction fees. The price is determined by the amount of ADA that the user bets. ADA will soon be accepted for a wider variety of apps and services on the Cardano platform.

Binance (BNB) is a platform for creating decentralized apps using smart contracts. The native coin of the Binance Smart Chain (BSC) network is BNB. The largest centralized exchange in the world, Binance Exchange, debuted BNB as its native asset on the Ethereum blockchain in 2017. It was applied to provide cheaper trading fees to Binance users. But since then, more people have started using it, making it a popular cryptocurrency. BNB can be used to pay for online services, make payments on websites like Crypto.com, book travel lodgings on sites like TravelbyBit, etc.

Additionally, since moving to the BSC, BNBs use cases have grown to include DeFi, staking, etc. It is one of the most well-liked and valuable cryptocurrencies available on the market now because of its outstanding historical performance. The cryptocurrency has experienced a return on investment of approximately 200,000% in a little more than five years of operation.

BNB is currently among the top 5 crypto assets by market cap, according to CoinMarketCap. Its popularity and attraction are further increased by its tight ties to the Binance Exchange platform. Binance also often burns extra BNB. Burning cryptocurrencies removes tokens from circulation, hence reducing the total supply. The goal of this tactic is to increase the tokens value. Crypto specialists predict that BNB will reach $1,000 by 2025.

Big Eyes Coin (BIG) is a brand-new meme token that is currently creating waves in the market. It was developed on the Ethereum network and works to raise consumer awareness of the DeFi market while promoting DeFi to boost the amount of money coming into the DeFi ecosystem. One of the key goals of Big Eyes Coin is the protection of the oceans. In order to benefit organizations that promote ocean conservation, Big Eyes Coin keeps 5% of all tokens in an open charity wallet.

Over the past year, Big Eyes Coin was able to dominate the presale market. In this brief period, the project was able to raise millions in its presale! The icing on the cake, however, is the soon-to-be-announced drop of Big Eyes Coin NFTs, which would serve to cement the deal and introduce Big Eyes Coin to the crypto elite.

If we look at the history of the most successful enterprises, well see that many of them released JPEGs in an effort to remain current, ride a wave of hype, or reach out to new audiences. With so much money in the bank and Big Eyes Coin on everyones mind, eliminating NFTs seems to be the most sensible course of action.

Presale:https://buy.bigeyes.space/

Website:https://bigeyes.space/

Telegram:https://t.me/BIGEYESOFFICIAL

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Prepare for the Next Bull Run! Invest in Big Eyes Coin, Cardano, and ... - NewsWatch

XRP vs Avorak AI Which Crypto Will Generate The Best Returns In 2023 – Coinpedia Fintech News

Investors are always on the lookout for projects that can boost their earnings. In this regard, XRP and Avorak AI have been recently dominating crypto news headlines. While XRP is a well-established token that has been around for a while, Avorak AI is a relatively new player in the market and has been making waves with its unique features. So, which of these digital assets has the potential to generate the best returns in 2023?

XRP is a digital asset designed to function as a fast, reliable, and energy-efficient settlement layer for the Ripple network. Although it is often associated with Ripple, XRP operates on its decentralized blockchain known as the XRP ledger. Ripple has had a case with the U.S. Securities and Exchange Commission (SEC) since 2020. This led to a sharp decline in the XRP price. However, recent XRP news is filled with its recent positive price movements.

Avorak AI is a new AI crypto ecosystem. The platform is built on the Binance Smart Chain to offer its users a powerful, safe, and scalable blockchain.

The AI project aims to offer a wide range of AI solutions that simplify many processes. For example, Avoraks AI image and text generators streamline content generation. The platforms image generator excludes the plagiarism associated with image scraping by using a pure language-to-art process that guarantees original and unlimited output potential. Avorak Write generates non-plagiarised, spell-checked, and autocorrected texts.

The AVRK token is the driver of the Avorak ecosystem. It provides users access to the Avorak AI services and offers them a chance to get a portion of the revenue generated by these services. The AVRK token is trading at $0.145. Investors in the present phase 3 of Avoraks ICO additionally get an 8% bonus on top of their investments. More investors are looking to invest in Avoraks ICO to get the advantages it has over the open-market buyers of AVRK.

The XRP price recently increased by more than 20%. XRP has gained its recent pump in price mainly because of speculation and hope that its ruling may be the same as in the recent Binance.US rescue plan for Voyager Digital.

AVRK has surged by over 140% from its initial price, with its earlier investors expecting around a 350% increase once Avorak AI is launched later this year. Additionally, Avorak has already proven itself by offering actual and factual evidence of its capabilities, adding to analysts, such as Crypto Baby and Crypto Carlos, bullish sentiments concerning the AVRK altcoin. The crypto community has been constantly talking about Avorak AIs advantages over other crypto projects and the probability of AVRKs price increase in 2023.

Despite its recent price surge, XRP remains a fragile token, and its growth prospects will not be accurately depicted until the SEC litigation is settled. However, Avorak AI has demonstrated its ability to deliver on its promises through Avorak Trades recent actions. In addition, it is centered on the growing AI crypto space. Therefore, Avorak AI offers greater potential to generate the best returns in 2023.

Want to learn more about Avorak AI and its ICO?

Website | Whitepaper

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XRP vs Avorak AI Which Crypto Will Generate The Best Returns In 2023 - Coinpedia Fintech News