Steemit Crypto Academy | Season 2: Altcoins – Part1 "Looking beyond the Bitcoin" @gaby7491

Alternate currencies or altcoins are created with the need not to depend on an already formed cryptocurrency such as bitcoin and even more to stock up to remedy the possible failures that they may have, these can be created by any entity or individual, mostly the volatility of This type of currencies is quite large, they tend to be very innovative and very transparent, that is why they are one of the preferred ones by their investors.

It is the official cryptocurrency of the binance exchange house, it was created by changpeng zhao and roger wang in 2017, this cryptocurrency cannot be mined, it worked with open source software on the ethereum blockchain until 2019, currently already It has its own blockchain but still accepts ERC-20 tokens for exchange. This cryptocurrency was implemented in the binance exchange house to carry out transactions within it and therefore it is not available in other exchange houses. This type of cryptocurrency offers its investors very good liquidity and speed in their transactions, according to my research, previously when BNB was just an ICO, its creators kept 40% of the coin in their pockets, that is why many investors are afraid that these people can manipulate the value of it. It is made with the purpose of being an alternative currency to bitcoin, due to its structure and the preference for its investors because it is completely decentralized.

1) speed in your transactions

2) very volatile

3) Because it is the official cryptocurrency of the binance exchange, it offers discounts on transactions made with this currency.

4) your transactions are very low.

5) it has very good liquidity and gives us very good reliability due to its excellent track record in the market.

1) When this coin was ico, the creators of the coin left 40% of them safe.

2) is not mineable.

3) In 3-month intervals, the exchange house saves 20% of the total income to burn the equivalent of the currency, its main objective is to burn coins, up to 100 million.

4) can only be used at the binance exchange.

It can be used to make transfers through the binance exchange house, and pay very low commissions, it is also acquired to make payments for services in businesses and areas where cryptocurrency is accepted, but this type of business is not very common. It can be acquired through debit card payments, bank transfers, through internal exchangers of the binance exchange house, or through trading houses.