Steemit Crypto Academy | Season 2: Altcoins – Part1 "Looking beyond the Bitcoin" @yohan2on.
Steemit Crypto Academy | Season 2: Altcoins – Part1 "Looking beyond the Bitcoin" @yohan2on.
My name is @g0h4mroot...
I CHOOSE TALK ABOUT BINANCE.
I have read about BNB lately, it is a relatively new currency, it was born in 2017, its creator is Changpeng Zhao and it is based on the Ethereum blockchain.
It was launched on the market days before its exchange page, in order to be able to market on the page. Because it is the native currency of a popular exchange, it has the necessary support and resources so that its price remains relatively stable and is not as volatile as other crypto assets that are influenced disproportionately by everything that surrounds it.
to the market. BNB, therefore, is a fairly stable currency, especially in the short term.
This means that it may not be a good financial instrument to invest in the short, but rather in the long term, which is where it seems to have the greatest potential.
In recent years it has grown and its value has increased by more than 5000%, it is among the 10 best coins valued by users and in 28th place in the ranking of coins in order of market capitalization, in the year of his birth cost a BNB $ 0.09611. currently a BNB is worth $ 544.
Coin burning is used to reduce the amount of tokens in circulation, this builds confidence among users to legitimize and provide new investors with the confidence that their fund will not be affected by an excess circulation of said tokens.
The BINANCE project burns coins of 50% of the total issued, the amount of around 200,000,000 tokens, such a burn is comprised quarterly, The amount of coins to be burned is based on the number of transactions carried out in the bag within those 3 months.
So after each quarter, Binance, does BNB burning according to the global trading volume. As of January 2019, Binance completed 6 BNB coin burn events. In total, 10,824,471 BNB coins were burned, reducing 5.41% of the total supply.
BNB is one of the few coins that cannot be mined, since the company previously mined all of them in its inception, and although BNB cannot be mined, they have created a campaign called BTC mine and earn BNB, Binance Pool will offer the following promotion "Mine Bitcoin to earn BNB" to celebrate the launch of Binance Pool.
All users with a verified level 2 Binance account and who maintained an average daily BTC hash rate of more than 500TH / s during the activity period, will evenly split a 1,000 BNB prize pool.
Hello @g0h4mroot,
Thank you for participating in the 1st Week Crypto Course in its second season and for your efforts to complete the suggested tasks, you deserve a 6/10 rating, according to the following scale:
My review :
A generally accepted article dealing with the cryptocurrency BNB, it provides sparse information so that one notices the lack of correlation between paragraphs which made me as a reader feel like I was in front of the headlines. Try to add a critical and analytical dimension to an idea to deepen the article.
Thanks again for your effort, and we look forward to reading your next work.
Sincerely,@kouba01
Thank you very much for correcting me, in the short time I have been in the academy I have learned a lot, when I entered this world I only used search engines to enter Facebook, sports and videos, but now that I have been reading about many things, I have Realizing that the world of computing is vastly impressive, I am very very satisfied with my rating, since when I started reading I had no idea what altcoins were, much less the way they work, I am very excited , because thanks to steemit I am learning to program HTML AND MARKDOWN, one of my wishes as a child was to create a web page, but I did not know how to start and I did not have the means to take a course, but thanks to this I have managed to understand little by little how the code works, and the truth is I did NOT do a thorough analysis because my brain collapsed with so much information of interest and I wanted to absorb everything, but I will take it into account for next week! thank you ... 🙃
I am really happy with what you have written, I feel a great desire on your part to move forward and that is the most important. We encourage you because the thousand-mile path begins with a step.
Thank you very much again, if that is correct I have never been as excited as I am now, I hope to continue to improve and have even better results! thanks!