binancesupport (@binancesupport) • Hey

Publications

What kind of future awaits us?
Web3 is important because it puts the power back in the hands of users.
Web3 wallet from Cex to Dex
I just voted on the latest active proposal on aave governance #Aave https://app.aave.com/governance/proposal/?proposalId=365
I just voted on the latest active proposal on aave governance #Aave https://app.aave.com/governance/proposal/?proposalId=336
opBNB is an optimistic rollup network built to scale BSC. The aim is to move most of the workload away from the main network and ensure that the entire network performs better against increasing demand. It uses a sorter for transactions and a Batcher to package them into batches.
Are you ready for L2 war?
The New Liberty Standard Exchange recorded the first exchange of Bitcoin for dollars in late 2009. Users on the BitcoinTalk forum traded 5,050 bitcoins for $5.02 via PayPal, making the first price mediated through an exchange a bargain basement price of **$0.00099 per bitcoin**.
whats the AMM?
Binance NFT Loan supports **Ethereum (ETH)** loans only, and NFTs from the **Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki,** and **Doodles** collections as collateral options. More borrowable assets and NFT collateral options will be available on Binance NFT Loan in the future.
Introducing the Lens SDK – your new go-to toolkit to create powerful experiences & applications for the social layer of Web3. Developers rejoice! We have lowered the barrier to entry and made it easier than ever to create innovative, powerful, and engaging Lens apps and experiences. With the new Lens SDK you can plug into the Web3 social layer with just 10 lines of code. Pick and choose the features you want - only the components you use contribute to the final size of your app bundles. These capabilities are all handled by the Lens SDK, allowing developers to focus on their core features. The SDK is modular and composable. It seamlessly integrates with other Web3 projects, protocols, and tools such as @litprotocol.lens to enable token-gated publications. Mobile apps have been some of the biggest success stories on Lens. The new SDK doubles down on mobile support, starting with React Native. With the SDK, you can build polished mobile apps without underlying knowledge of the Lens API or Lens Protocol. Come build the future on the social layer of Web3. Get started in our dev docs: https://docs.lens.xyz/docs/sdk-react-intro and dive into our latest blog here: https://mirror.xyz/lensprotocol.eth/LtJBLD6zX_P9EYdsJ2DrT9RaCbiE2vvtajF4Md6wHr0
**What is BRC-20?** An experimental token standard that allows for the minting and transfer of fungible tokens on the Bitcoin blockchain via the Ordinals protocol. Like Ethereum's ERC-20 tokens, BRC-20 tokens have different mechanisms and functions.
storage
Persistence mechanism / incentive structure Data retention enforcement Decentrality Consensus
When looking at decentralized storage (dStorage) options, there are a few things a user must keep in mind.
2 million bitcoinsThe maximum number of bitcoins that can ever exist is 21 million, and as of March 2023, over 19 million bitcoins have already been mined. This means that there are only **around 2 million** bitcoins left to be mined, and once that limit is reached, no more bitcoins will be created.
An application programming interface (API) key is a unique code used by an API to identify the calling application or user. API keys are used to track and control who is using an API and how they’re using it, as well as to authenticate and authorize applications — similar to how usernames and passwords work. An API key may come in the form of a single key or a set of multiple keys. Users should follow best practices to improve their overall security against API key theft and avoid the related consequences of their API keys being compromised.
Binance is launching a new batch of Cloud Mining products for **BTC mining**.
There were several early attempts at creating a peer-to-peer internet currency before Bitcoin. Which of the following projects has NOT been tried? *Bit Gold* *B-money* *E-silver*
Which was the first artist to accept Bitcoin for purchasing his records? A. DJ Khaled B. Eminem C. 50 Cent
What was the price of 1 Bitcoin when it was first traded on an online exchange in March 2010? A. 0.003 USD B. 3 USD C. 30 USD
True or false: A user can alter data on a blockchain. A. True B. False
Quiz Time : In the early days of Bitcoin, it was traded in deals between individual people meeting each other online, with no regular trading activity. What was the BTC/USD exchange rate when it first started trading on an online exchange? -null per BTC -$550 per BTC -$0.003 per BTC
**Lens Creator Bytes** This week’s guest writer is Adam Levy @levychain.lens from Mint Podcast https://adamlevy.io/mint/ 1) Tell us about yourself "I’m a podcaster documenting the web3 creator economy and the co-founder of Bello. Every since 2017, I’ve been fascinated by how creative entrepreneurs are using crypto to build, monetize and own their audience, so I decided to document their process for others to learn as well. As a creator myself, I’m fascinated by data, and how the most successful creators use data to improve their craft and create better experiences for their audience. On-chain data serves as a whole new opportunity for creators to embrace the artist-to-fan relationship in ways we’ve never seen before, and I plan to live at that intersection." 2) Tell us about your project(s) and what is your mission? "‘Mint’ is the leading podcast documenting the web3 creator economy. My mission is to clarify what creative entrepreneurs are doing to monetize their creatorship using crypto and web3 primitives. Bello is on a mission to make blockchain data more accessible and understandable for crypto-native creators. By using our behavioral metrics, pricing insights, and recommendation-based dashboards, Bello will teach creators something new about their collectors, help sell out their next NFT drop, or even inspire new content creation opportunities." 3) What excites you about Web3? "The opportunity to rewrite the playbook on how creators build and monetize their audience." 4) What tips do you have for aspiring creators in the space? "Do your homework - Join other communities, attend events, and make your name known in web3. Consistently show up - The community at large notices your participation, so double down on it with your time and/or money. Experiment - No one remembers your failures, keep trying new things. Web3 rewards innovators." 5) What’s next for you? "Create more content on the web3 creator economy and help creators understand the on-chain value they create with Bello."
What is a hard limit? The hard limit in the case of Bitcoin refers to the number of total Bitcoins in circulation. The concept of a hard limit suggests that Bitcoin could not be printed or stocked. It is basically a deflationary currency with growth in value based solely on its exchange value.
What is the intended limit for the Bitcoin supply? Answer: 21 Million Bitcoins In an obscure event that took place in August 2010 and is known as the “value overflow incident,” a code vulnerability allowed someone to send a transaction that created 184 billion bitcoins — 184,467,440,737.09551616 coins, to be exact — out of thin air. The mistake was quickly fixed and the network returned to its normal limit of 21 million coins.
Ethereum has transitioned to Proof of Stake. After eight years of work and delays, the blockchain Ethereum has transitioned to a new method of verifying transactions, known as Proof of Stake.
What is Bitcoin mining? Bitcoin mining is one of the core concepts in the world of Bitcoin, with a specific group of individuals, known as miners, taking on the task. The process of Bitcoin mining involves the use of computers specialized with unique hardware for solving complex algorithmic equations. Miners conduct Bitcoin mining by solving computational problems for creating a chain of connected transaction blocks. The specialized computers help in authentication of transaction blocks in the Bitcoin network. Miners receive rewards for addition of a new block to the blockchain in the form of Bitcoin alongside transaction fees.
What was the first tangible item purchased with BTC? Beer Pizza A boat A house
The hero the internet deserves 🌿
Rollups Zero-knowledge rollups (the most common kind) bundle off-chain Layer 2 transactions and submit them as one transaction on the main chain. These systems use validity proofs to check the integrity of transactions. Assets are held on the original chain with a bridging smart contract, and the smart contract confirms the rollup is functioning as intended. This provides the security of the original network with the benefits of a less resource-intensive rollup.
Full Node A computer that fully implements the entirety of rules of an underlying blockchain network and completely validates transactions and blocks on a blockchain.
Academy
Testing from Lens Starter ⚡️
"The internet used to be about the internet. Now it’s about everything. And it affects everything." - Ev Williams farewell note from Medium. Anticipating similar progression for web3 https://ev.medium.com/new-decade-new-ideas-faee8e712589
Lenstube crossed the milestone of first 1000 videos 🎉 https://lenstube.xyz 🎥 🌿 #milestone - published via Lenstube.
This article will dive into the origins of cryptoeconomics and its role in the design of Bitcoin and other decentralized networks.
The main goal is to understand how to fund, design, develop, and facilitate the operations of decentralized networks.
Rather than being a subset of traditional economics, cryptoeconomics is a mix of game theory, mechanism design, mathematics, and other methodologies from the field of economics.
It is essential to consider cryptoeconomics when building decentralized networks because it is the mechanism that provides a way to align participants’ incentives without the need for trusted third parties.
More specifically, cryptoeconomics is an area of computer science that attempts to solve participant coordination problems in digital ecosystems through cryptography and economic incentives.
What is cryptoeconomics? In simple terms, cryptoeconomics provides a way to coordinate the behavior of network participants by combining cryptography with economics.