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Blockchain is a decentralized and distributed digital ledger technology used to securely record transactions across multiple computers. It enables data to be stored in a way that makes it tamper-resistant, transparent, and immutable. Here's how it works:
1. Blocks: A blockchain consists of a series of blocks. Each block contains a list of transactions or data, along with a timestamp and a cryptographic hash of the previous block, forming a chain.
2. Decentralization: Unlike traditional centralized databases, blockchain is decentralized. Multiple participants (nodes) maintain their copies of the blockchain, ensuring no single point of failure.
3. Consensus Mechanism: Before a new block is added, a consensus mechanism ensures that all participants in the network agree on the validity of the transactions. Common consensus mechanisms include Proof of Work (PoW) and Proof of Stake (PoS).
4. Cryptography: Blockchain uses cryptographic techniques to secure data. Each block contains a cryptographic hash of the previous block, ensuring that once data is added to the chain, it cannot be altered without changing every subsequent block, which is computationally infeasible.
5. Immutability: Once a block is added to the blockchain, it becomes very difficult to alter the data within it. This feature ensures the integrity and security of the information.
6. Transparency: All transactions are visible to participants on the blockchain, which provides transparency. However, the identities involved in the transactions can remain pseudonymous or anonymous.
Blockchain is used in various applications like cryptocurrency (e.g., Bitcoin, Ethereum), supply chain management, voting systems, and even in smart contracts.
BNB Token is the native token of the Binance cryptocurrency exchange. It has become a very strong brand in terms of marketing, and various types of promotions and development work are done behind it. Some of the key features that have made the marketing of BNB token successful are:
1. Popularity of Binance Exchange: One of the reasons behind the success of BNB token is the huge number of users of Binance exchange and its global presence.
2. Unique advantage: BNB can be used to reduce trading f
As of March 17, 2025, Bitcoin (BTC) is trading at approximately $83,251 USD.
Bitcoin has experienced significant volatility recently, reaching an all-time high of $109,071 in January before declining by nearly 25% to its current price. Analysts warn of a potential further drop to $73,000, emphasizing the importance of risk management for investors.
Please note that cryptocurrency prices are highly volatile and can change rapidly. For the most current information, it's advisable to consult reputable financial sources.
Binance is the world’s largest crypto exchange by trading volume, with $76 billion daily trading volume on Binance exchange as of August 2022, and 90 million customers worldwide. The platform has established itself as a trusted member of the crypto space, where users can buy, sell and store their digital assets, as well as access over 350 cryptocurrencies listed and thousands of trading pairs. The Binance ecosystem now comprises of Binance Exchange, Labs, Launchpad, Info, Academy, Research, Trust Wallet, Charity, NFT and more.
Who Are the Binance Founders?
The global company was co-founded in China by Changpeng Zhao and Yi He. A Chinese-Canadian developer and business executive, Changpeng Zhao, who goes by CZ, is the company's CEO. He studied at McGill University Montreal and had a successful track record as an entrepreneur. His past experiences include Head of Bloomberg Tradebook Futures Research & Development team, founder of Fusion Systems and Head of Technology at Blockchain.com.
Yi He is CMO at Binance and Head at Binance Labs, the company’s venture capital arm. Yi was previously Vice President at a leading mobile video tech company, Yixia Technology, and co-founder of digital asset exchange OKCoin.
When Did Binance Launch?
Binance was launched in June 2017, and within 180 days grew into the largest cryptocurrency exchange in the world.
Binance Restricted Countries
Under the Binance Terms of Use, restricted locations include the United States, Singapore and Ontario (Canada). However, some countries have restricted usage or features might be limited due to regulatory reasons, including but not limited to, China, Malaysia, Japan, UK and Thailand. Futures and derivatives products are also not available in Germany, Italy and The Netherlands. In September 2019, a separate dedicated platform for US clients, Binance.US, was launched.
#2024WithBinance The Binance Word of the Day (WODL) challenge this week explores the electrifying theme of “Bitcoin Euphoria,” allowing users to dive into terms associated with the excitement and optimism surrounding Bitcoin. From December 2nd to December 8th, Binance users can engage in daily WODL puzzles to earn Binance points and enjoy trading perks on the platform.
Hi Binancians, We're excited to announce that Binance Square's newest updates are now live in app version 2.92. For a smoother and more efficient browsing experience, we recommend updating your app. Here is a breakdown of our latest features: Trending Topics Added to Editor The latest trending topics are now available in the editor as creative inspiration. Creators can stay updated on the hottest discussions within the community, add relevant topic hashtags, and share their insights on these trending topics.Repost Comments as New PostsWhen users comment on a post, they can tick the "Also Repost" box to create a new post quoting the original content. The new post will be distributed in the community to attract more engagement from other crypto lovers.Share Trades in Audio LiveUnlock the Audio Live feature with 1,000 followers on Binance Square. Enjoy these two new updates for an enhanced user experience:Screen Sharing: Hosts can now share their screen with all listeners during an audio live session. Currently available only on the web version.Token Widget Integration:Hosts can add and pin tokens being discussed, making them easily accessible to the audience. Listeners can visit the token's market page directly by clicking the token widgets and make further investments.Participant creators can earn up to 30% "Write to Earn" commission rewards when listeners trade via the above mentioned token widgets. Click here for more details about "Write to Earn".Task CenterWe are pleased to introduce the launch of a new Task Center on the Binance App, where users can earn points by completing simple tasks daily. Simply head to the Creator Center and click on the Task Center icon.Complete daily tasks to earn Binance Points, and take on time-limited Bonus Tasks for even more points. Use your points to claim rewards via the reward hubs.Note: Task Center is available only on the Binance App.
Stay Updated with Binance Square Follow the official Binance Square account for the latest news, features, and updates. Your opinion matters! If you have ideas for new products or features, share them with our customer support. Together, we can make Binance Square even better. Thank you for being part of our community!