EL_Cryptografo

According to the announcement from Binance, European users can now convert their cryptocurrency holdings into fiat currency and withdraw the funds directly to an eligible Mastercard with near-real-time availability. This new 'Buy & Sell' service is accessible via both the Binance website and app, and is powered by Mastercard Move, a portfolio of money movement solutions. The feature allows users to either sell their crypto and transfer the fiat balances to their card or withdraw their existing fiat balance to the card. This service aims to streamline the off-ramping process by providing a fast, simple, and secure method to access funds, adding another convenient withdrawal option alongside bank transfers and other supported methods.

To utilize this service, users must log in to their Binance account on the Binance website or app and navigate to the 'Sell' or 'Withdraw' section on the 'Buy & Sell Crypto' page. For selling, users select the cryptocurrency they wish to sell and choose the fiat currency they want to receive. For withdrawing, users select EUR and enter the desired amount in EUR. They must then select a linked card or add a new card if one has not been linked yet, complete the security verification, and follow the instructions to finalize the order. Users are required to update their Binance App to iOS version 2.102.3 or Android 2.102.4 or above to access the 'Sell to Card' or 'Withdraw to Card' options. Terms and conditions apply, and actual posting times for approved transactions will depend on the receiving financial institution.

According to the announcement from Binance, European users can now convert their cryptocurrency holdings into fiat currency and withdraw the funds directly to an eligible Mastercard with near-real-time availability. This new 'Buy & Sell' service is accessible via both the Binance website and app, and is powered by Mastercard Move, a portfolio of money movement solutions. The feature allows users to either sell their crypto and transfer the fiat balances to their card or withdraw their existing fiat balance to the card. This service aims to streamline the off-ramping process by providing a fast, simple, and secure method to access funds, adding another convenient withdrawal option alongside bank transfers and other supported methods.

To utilize this service, users must log in to their Binance account on the Binance website or app and navigate to the 'Sell' or 'Withdraw' section on the 'Buy & Sell Crypto' page. For selling, users select the cryptocurrency they wish to sell and choose the fiat currency they want to receive. For withdrawing, users select EUR and enter the desired amount in EUR. They must then select a linked card or add a new card if one has not been linked yet, complete the security verification, and follow the instructions to finalize the order. Users are required to update their Binance App to iOS version 2.102.3 or Android 2.102.4 or above to access the 'Sell to Card' or 'Withdraw to Card' options. Terms and conditions apply, and actual posting times for approved transactions will depend on the receiving financial institution.

On May 24, 2025, MultiversX co-founder Lucian Mincu publicly responded on X. He replied to a comment from Solana co-founder Anatoly Yakovenko regarding decentralization tests. Yakovenko had argued that decentralization should be an objective and measurable property. Mincu challenged those ideas by pointing to Solana’s decentralization shortcomings. This public exchange highlighted a broader debate in the blockchain community. Platform fans and critics watched the online replies quite closely. The discussion followed a series of posts and comment threads from both figures.

MultiversX Co-Founder Highlights Solana’s Insider Token Distribution

Anatoly Yakovenko explained decentralization tests as objective rather than subjective concepts. He said a true decentralized network must avoid minority blocking majority decisions. He also argued participants should exit or fork freely without network barriers. This approach aimed to measure decentralization as a technical and quantifiable property. Yakovenko intended these guidelines to unify definitions within the blockchain field. He believed clear standards could improve network trust and design decisions. The post gained wide attention among developers and community researchers online. His criteria aimed to bring clarity and reduce debate over network models.

MultiversX co-founder Lucian Mincu noted that over 48% of tokens were allocated to insiders and venture investors. He explained this allocation was not publicly disclosed until after the network launch date. Mincu argued that such concentration potentially undercuts Solana’s decentralization ideals. He also pointed out demanding hardware needs to run a Solana validator node. In 2021, Solana Labs recommended twelve-core processors and one hundred twenty-eight gigabytes of RAM. These strict requirements made validator participation costly and limited potential operators.

Economic Barriers Reduce Fair Participation in Solana’s Network

Mincu also underscored daily voting fees as further entry barriers on Solana. Validators needed to pay around one SOL each day during the 2021 operations. At that time, one SOL cost roughly two hundred dollars in USD. These high costs, combined with technical demands, limited validator diversity. Mincu indicated this dynamic conflicted with principles of open participation. He suggested these economic barriers reduced ecosystem resilience and fairness. These conditions contrasted sharply with decentralization goals set by many networks. Community observers noted that few small stakeholders could meet such operational costs.

Historical research reinforced Mincu’s point about significant token allocation imbalance. A 2021 Messari Research Hub report highlighted insider holdings above forty eight percent. Other protocols like Ethereum and Cardano showed insider stakes around fifteen to seventeen percent. This disparity raised questions about fairness in governance and decision making. Critics argued that concentrated holdings could influence upgrade votes and emission controls. The report compared decentralization metrics across major layer-one blockchains. This comparison highlighted the challenge of balancing performance and decentralization. This data prompted fresh community discussions on network equity and control.

Mincu Highlights Governance Risks in Solana’s Ecosystem

Mincu also pointed to widespread governance concerns in Solana’s ecosystem. He said bridges and liquidity pools were dominated by a handful of large players. Such concentration allowed emergency upgrades that could override community preferences. Critics worried this model created risks for network adaptability and trust. Mincu suggested these factors contrasted with ideal governance in decentralized systems. This debate highlighted trade-offs between speed, scale, and decentralization integrity. Observers saw the issue as a key test for blockchain governance. The conversation sparked discussion on best practices for protocol rules.

How Blockchain Networks Can Evolve From Current Debates

This exchange underscored the ongoing challenge of balancing performance and network decentralization. It also highlighted tensions between speed, technical complexity, and community inclusion. The debate between Yakovenko and Mincu opened critical questions about blockchain governance. Solana co-founder Anatoly Yakovenko had set objective criteria for evaluating network structure. MultiversX co-founder Lucian Mincu stressed that real-world data and operational costs matter. As the field evolves, these discussions may shape protocol design and community norms. Future projects could draw lessons from this debate to improve system inclusivity.

The post Lucian Mincu Questions Solana’s Decentralization After Yakovenko’s Statement appeared first on Coinfomania.

Binance Blog published a new article, highlighting the growing trend of cryptocurrency payments as a preferred choice for businesses and customers. The article emphasizes how digital breakthroughs have reshaped payment methods, with crypto payments becoming increasingly popular across various industries, from fashion retailers to digital marketplaces. As more consumers hold digital assets like Bitcoin (BTC), Ether (ETH), and stablecoins such as USDT and USDC, businesses have a unique opportunity to tap into this expanding audience. Accepting crypto payments can be a game-changer for businesses, reducing transaction costs, reaching new customers, and simplifying cross-border payments.Binance Pay is designed to facilitate businesses in accepting popular cryptocurrencies like USDT, USDC, BTC, ETH, SOL, AVAX, and XRP. The platform offers a simple and secure way to engage with the crypto economy, featuring zero fees and a seamless setup. One of the primary benefits of using Binance Pay is the reduction of transaction fees, which allows businesses to maximize their margins. Traditional payment processors often charge between 2% and 5% per transaction, along with hidden fees. By switching to Binance Pay, businesses can avoid these charges entirely, retaining more earnings and potentially passing savings on to customers through competitive pricing.Another significant advantage of Binance Pay is its ability to expand businesses globally without banking barriers. Unlike traditional banking systems, which can be restricted by geography and currency regulations, crypto is inherently borderless. Binance Pay enables businesses to receive payments from customers worldwide without the hassle of currency conversion or international wire fees. This global reach is complemented by instant settlement in stablecoins or other cryptocurrencies, eliminating the delays associated with traditional payment methods and enhancing financial planning and operational agility.Binance Pay also addresses the issue of chargeback fraud, a common problem in traditional payment systems where transactions can be reversed without the merchant's consent. Crypto payments through Binance Pay are immutable and irreversible once completed, reducing disputes and securing revenue. The platform offers seamless integration for any business type, whether an online store, mobile app, or physical shop. Developers can use Binance Pay’s SDK or API to embed crypto payment functionality directly into websites or applications, while businesses can also list on the Binance Marketplace to access Binance’s vast user base.