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Bitrue Coin (BTR) is a utility token that powers the Bitrue ecosystem. It was launched in 2018 and is built as an ERC-20 token on the Ethereum blockchain. Its primary purpose is to provide various benefits and functionalities for users of the Bitrue exchange. Key Uses and Features of BTR: Trading Fee Discounts: One of the most common uses of exchange tokens is to reduce trading fees. Holding BTR allows users to get discounts on trading fees on the Bitrue platform. Staking and Yield Farming: Users can stake their BTR tokens to earn interest, often at competitive rates, through programs on the Bitrue platform. This provides a way for holders to earn passive income. Governance and Voting: BTR holders often have a say in the decisions and direction of the Bitrue exchange. This can include voting for new projects to be listed on the platform. Special Promotions and Events: BTR holders may get priority access or special benefits in various platform events, such as initial coin offerings (ICOs) or other exclusive campaigns. Deflationary Mechanism: Bitrue has implemented a token-burning mechanism where a portion of the BTR tokens are regularly removed from circulation. This is designed to reduce the total supply of BTR over time, which can help to increase its value. @BitlayerLabs #Bitlayer $BTR
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A Merkle tree, also known as a hash tree, is a way to organize and summarize a large amount of data using cryptographic hashes. It's a hierarchical, tree-like structure where: Leaves (at the bottom): Each leaf node at the bottom of the tree is the cryptographic hash of a piece of data. In the case of a blockchain, this data is usually a single transaction. Branches (in the middle): Each "branch" or intermediate node is created by hashing the combination of its two child nodes. For example, if you have two transaction hashes, you combine them and then hash the result to create a new, single hash. Merkle Root (at the top): This process is repeated all the way up the tree until a single hash is left at the very top. This is the Merkle Root. It is a single, concise digital fingerprint of all the data (all the transactions) that were hashed to create it. Why are Merkle Trees so important in crypto? Merkle trees provide two crucial benefits for a blockchain: Efficiency: They allow for quick and easy verification of data without needing to download the entire dataset. In Bitcoin, a block can contain thousands of transactions. Without a Merkle tree, a user would have to download and verify every single one of those transactions to confirm that just one of their own transactions was included in the block. @Treehouse Official #Treehouse $TREE
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Bubblemaps is a blockchain analytics platform that provides a unique visual way to understand on-chain data. Instead of looking at long lists of complex transactions and wallet addresses, Bubblemaps presents this information as interactive "bubble maps." What is Bubblemaps (and BMT)? Data Visualization: Each "bubble" on the map represents a wallet address, and its size corresponds to the amount of a specific cryptocurrency or token held within it. Lines between the bubbles show the flow of tokens and transactions. Purpose: This visual approach helps users quickly identify key information, such as: Token distribution: How is a token's supply spread across different wallets? Is it highly centralized (controlled by a few large wallets) or decentralized? "Insider" activity: By tracing connections, you can spot if a large portion of a token's supply was sent to a handful of wallets just before a token launch, which can be a sign of a "rug pull" or other manipulative behavior. Whale movements: The tool makes it easy to see what large investors ("whales") are doing with their holdings. @Bubblemaps.io #Bubblemaps $BMT
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This is a very common term in crypto trading and technical analysis. What they are: Bollinger Bands are a technical analysis tool developed by John Bollinger. They consist of a set of three lines plotted on a price chart: A middle band, which is a simple moving average (SMA) of the asset's price. An upper band and a lower band, which represent two standard deviations away from the middle band. What they are used for: Traders use Bollinger Bands to measure market volatility and identify potential overbought or oversold conditions. High volatility: The bands widen and move farther apart. Low volatility: The bands contract and move closer together. Trading signals: When the price of an asset touches or moves outside the upper band, it may be considered overbought, potentially signaling a price reversal. Conversely, a move below the lower band may indicate an oversold condition and a potential buying opportunity. 2. BounceBit (BB) This refers to a specific and more recent cryptocurrency project. What it is: BounceBit is a blockchain project that aims to improve Bitcoin's utility. It's often described as a BTC restaking chain @BounceBit #BounceBitPrime $BB
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This is the most common and historically significant meaning. The C and C++ programming languages are foundational to the crypto world. Bitcoin's Codebase: The original Bitcoin protocol, created by Satoshi Nakamoto, was written in C++. This is a testament to the language's power and efficiency. C++ is a low-level language that gives developers a high degree of control over memory and system resources. This is crucial for building a secure, performant, and reliable decentralized network like Bitcoin. Other Cryptocurrencies: Many other early cryptocurrencies and blockchain projects, such as Litecoin, Ripple, and Stellar, also used C++ for their core protocols. Blockchain Development: C and C++ are still used today for developing the core components of new blockchains and for applications that require high performance and security, such as cryptography libraries and mining software. 2. Celsius (CEL) Celsius Network was a cryptocurrency lending platform that ran into significant financial trouble and filed for bankruptcy in 2022. It had its own native token called CEL. What it was: Celsius allowed users to deposit their cryptocurrencies and earn a yield (interest) on them. Users could also take out loans using their crypto as collateral. The platform's goal was to provide high yields to users by lending their deposited assets to institutional and other borrowers. @Chainbase Official asehq #Chainbase $C
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