Ahmed4009_as

What are the wallets that you can store crypto currencies in?

1 - We have HOT-WALLET wallets
They are classified into centralized and decentralized wallets.
Centralized wallets (CEX): and centralized platforms such as
Binance, OKX, Bybit, Gate.io, and many other platforms that
require KYC verification, and there are some decentralized platforms
that do not require verification like MEXC but for specific small amounts.
Advantages:
1 Ease of use
2 High liquidity
3 Speed in executing transactions
4 Availability of technical support
5 Presence of P2P
And many other features.
What are the disadvantages?
1 Most centralized platforms do not allow ownership of private keys for currencies.
2 Security
3 Your account may be frozen if you violate the terms.
Decentralized wallets (DEX): and decentralized wallets such as
Trust Wallet, Uniswap, MetaMask, and also
Web3 wallets in centralized platforms like OKX, Binance that do not require KYC verification.
Advantages:
1 100% ownership of currency keys
2 More security against hacks
3 You have full control over your account
4 Support for a huge number of currencies specific to the network on which the application is built.
Disadvantages:
1 Complexity of use
2 No technical support
3 Network fees can be extremely high, especially on the ETH network,
and if the network is congested, the fees increase significantly.
4 Weak liquidity.
2 Cold wallets
These are not connected to the internet, such as USB
or in the form of a ring you wear, and are considered one of the safest methods to store currencies.

#Write2Earn, #Binance, $ETH
$BNB, $BTC

What are smart contracts?

They are programs or scripts written in programming languages such as
Solidity, Rust, associated with the ETH network.
These scripts and programs perform buying or selling based on
specific conditions and do so automatically.
Information is stored on blockchain networks.

Some of the most important features of smart contracts:
1 - Decentralization
2 - Security
3 - Tamper-proof
4 - Transparency; anyone can view the transaction.

How does a smart contract work?
Conditions are written in the form of code.
The code is published on the blockchain.
The contract waits for the condition to be fulfilled to approve the transaction, and the transaction occurs automatically.

Examples of using smart contracts:
1 - Decentralized Finance (DeFi): Loans, exchanges, insurance.
2 - Supply chains: Tracking products transparently.
3 - Gaming: In-game buying and selling without intermediaries.
4 - Electronic voting: Ensuring fairness and integrity in voting.
5 - Digital ownership: NFTs.
One of the main advantages of smart contracts for me
is that they are automatic.

#Write2Earn , #crypto , #SmartContracts , #Web3 , #ETH
$ETH , $HBAR , $BNB

Why are the prices of alternative currencies rising now?

Some reasons for the rise:

1 The dominance of Bitcoin has decreased
The relationship is inverse; as the dominance decreases, the values of alternative digital currencies increase.
Currently, its dominance has dropped from 66%-67% to 60%-61%, which means that liquidity from Bitcoin is moving to other currencies.

Large flows towards Altcoins and ETH

Ethereum witnessed an increase of about +40% during July, reaching a level of ~3,600 dollars, with approximately 2 billion dollars entering its ETFs since the beginning of the month.
Institutions are shifting from Bitcoin to Ethereum and reallocating some of their reserves towards currencies capable of generating returns from staking and smart contracts.

This indicates the beginning of the Altcoin Season.

3 FOMO (Fear of Missing Out): This is the fear of missing opportunities, leading investors—whether they are investors or traders—to enter a very high market late without research or plans. They then lose, fearing missed opportunities and seeing others making large profits. Its causes include:
1 Social media
2 Psychological factors
3 Direct price increases

4 ETF Funds:
We have seen many companies and large investors entering ETF funds with billions.

Write in the comments what you think are also the reasons for the increases
$XRP $ETH $SOL
#Write2Earn , #crptonews , #crpto , #bitcoin #

What are NFTs?
They are non-fungible tokens, meaning they are not tied to a specific pair of currencies like BTC/USTD.

Many networks are adopting the concept of NFTs, such as:
1-
The TON network of Telegram, which has many mini-apps
including a store for selling NFTs.
2-
The Solana network also embraces this concept, like the famous store
MAGIC Eden.

Examples of using NFTs in cryptocurrencies:

1. Crypto games: such as the Sandbox website.

And the GALA token project.

2. Profile pictures (PFPs): like CryptoPunks or Bored Apes..

Uses of NFTs:

Selling digital artworks.
Owning items within metaverse games.
Proof of ownership or certification.

* Each NFT is linked to a unique digital address on the blockchain, like a unique identifier (ID) that never repeats.
How is an NFT linked to cryptocurrencies?

You need a currency like ETH or BNB to purchase an NFT.

The price of an NFT is usually determined in the currency that powers the network, such as BNB or ETH.
Example: An NFT on the Ethereum network is purchased with ETH.

Share your opinion on NFTs:
$TON , $ETH , $BNB ,
#Web3 , #NFT​ , #crypto , #Write2Earn , #SmartContracts

What is WEB-3?

Web 3 is a new generation of the Internet that allows people to buy and sell digital assets and make them decentralized.

The first version web-1
is a set of non-interactive pages built using HTML and CSS.
The second version web-2
is a set of interactive pages built using HTML, CSS, JS
and other libraries, but owned by companies that possess personal data.
The third version web-3
introduces JS libraries like web.js and eth.js, allowing for the decentralized exchange, sale, and purchase of financial assets.

What are the technologies used in WEB-3?

1 Blockchain is a digital ledger that contains all transactions of buying, selling, exchanging, and burning. (Similar to a database on servers).
2 Smart contracts are programs or scripts that automate processes instead of sending currencies to one another through addresses; they are linked to a decentralized wallet,
withdrawing the currencies in the wallet and sending them to the person who created the smart contract.
3 NFTs are non-fungible tokens.
There are many more technologies that we will explain in future sessions in more depth.

Features of Web 3:
One of its most important features is decentralization.
The user is responsible for their currencies or funds, not a government or a specific organization.

Write what you like most about Web 3
#Write2Earn , #blockchain , #Web3 , $ETH , $SOL

The difference between BEP20 and ERC20

First BEP20: Its main currency is BNB

It is used on the BSC network

And the fees are lower compared to ERC20
And BEP20 is faster
Second ERC20:
Its main currency is Ethereum

It is used on the Ethereum mainnet
And the fees are higher compared to BEP20
And it is slower.
So in the end, BEP20 is better in terms of fees and speed

*The payment fees are in layer1 network currencies

*Although the two networks are different, they start (address) with 0x......
And despite the similarity, tokens and currencies cannot be sent from the ERC20 network to BEP20 and vice versa.
$ETH , $BNB , #Write2Earn , #Binance ,
#crypto , #Web3 , #العملات_الرقميه