Steemit Crypto Academy Season 2 || Altcoins Part 1 || BINANCE COIN || @yohan2on

Since every matter has an evolution over time, and that trajectory is the basis for its existence in the present, we could touch the subject of ALTCOINS and focus on the origin of its existence and with this we could specify that the subject of cryptography did not come out of nowhere and we must give it the seriousness that corresponds to it.

When Satoshi Nakamoto, whose alias represents the person responsible for the mother of cryptocurrencies: the BITCOIN, exposed to the world in 2008 how his cryptographic system would work, and then in 2009 gave birth to what is now the new era of digital, cross-border and decentralized exchanges; this would immediately mark the birth and origin of the entire global cryptographic ecosystem.

But the reason for alternative currencies to enter the game, apart from seeking greater efficiency, faster transactions or perhaps creating blocks more frequently, is simply THE EVOLUTION OF THE MARKET ITSELF.

Every reason for a service or product in our daily lives is created purely out of a need for ourselves: human beings. When we need to move around, industry invents a vehicle, when the sun is inclement we get glasses or when it is very cold we install a heater, and simply EVERYTHING EVOLVES.

In this sense, ALTCOINS are born with a purpose, and perhaps using the same system as BITCOIN and trying to emulate its capacity in the market, they will always have a specific objective. Personally, when I entered #steemit, the first thing that came to my mind was where all this money was coming from to offer rewards to content creators. And as I went through different cryptocurrencies I knew that each one belonged to a serious project with its own characteristics and rules that give it foundation.

One of the exchanges that always caught my attention was BINANCE, mostly because of its fame and number of followers from whom I always hear good reviews. And that it has been one of the few Exchange that has allowed Venezuelans to buy TETHER, BITCOIN and many other cryptoassets with our national currency, which has no value with respect to the US dollar.

BINANCE is listed by Wikipedia as: The platform with the highest exchange volume as of 2018. Wikipedia Site.

Therefore, BINANCE like every Exchange also has its original token, which can be used to pay its trading commissions, for the sale of tokens hosted on BINANCE and to power the Decentralized Exchange. This original BINANCE token is called BNB.

BNB is an ERC-20 token that was created using Ethereum technology and its market capitalization is the largest among tokens with this feature, at over $2 billion. BNB was designed to be the trading instrument within BINANCE.

At the time of writing, the price of the BNB is $559.08.

The main reason that BNB is growing its volume by leaps and bounds is that all transactions are subsidized by BINANCE. This, coupled with the large volume of transactions within the Exchange, means that BNB benefits from the backing of the large number of corporations that use it as a means of payment.

To further understand BNB, I decided to go to the root, to its home in BINANCE, and create my user to expose in this task my own experience.

I entered their website https://www.binance.com/es. Click on "Register". In this case I accessed with the Spanish language, since it is my native language.

You can create your user with your email address or with your cell phone. In this case I did it with my mobile number to make it more practical. Everything at hand.

Your profile is created immediately and you can start taking your first steps in BINANCE.

There is a lot of material about cryptography and blockchain very interesting to raise the level of knowledge in this ecosystem.

And just go to the Exchange section to start browsing through the large number of cryptoassets handled at BINANCE.

With this content I hope to have covered in a general way the main topic of our teacher talking about ALTCOINS and impart knowledge to my friends followers regarding the BNB token.

Satisfied to have participated once again, and eager to continue learning from the hand of the great team of Crypto Academy.

See you next week!