$BTC Decentralization: Bitcoin is not controlled by any central authority. It is maintained by a global network of nodes (computers) that validate transactions and secure the network. -Limited Supply: Bitcoin has a fixed supply of 21 million coins making it a deflationary asset. This scarcity is one of the reasons it is often compared to gold. - Blockchain Technology: Bitcoin transactions are recorded on a public ledger called the blockchain, which is immutable and transparent. - Proof of Work (PoW): Bitcoin uses a consensus mechanism called Proof of Work, where miners solve complex mathematical problems to validate transactions and add new blocks to the blockchain. Miners are rewarded with newly minted bitcoins (block rewards) and transaction fees. - Pseudonymity: Bitcoin transactions are pseudonymous, meaning they are linked to wallet addresses rather than real-world identities.
#FedHODL Trading Options - **Spot Trading**: Users can buy and sell cryptocurrencies at current market prices. - **Futures Trading**: Binance offers leveraged futures contracts, allowing traders to speculate on the future price of assets. - **Margin Trading**: Users can borrow funds to trade with leverage, amplifying potential gains (and losses). - **P2P Trading**: Binance facilitates peer-to-peer trading, enabling users to buy and sell crypto directly with others using fiat currencies.
Binance Smart Chain (BSC) - Binance Smart Chain is a blockchain platform developed by Binance that supports smart contracts and decentralized applications (dApps). It is compatible with Ethereum's ecosystem and offers lower transaction fees. Binance Coin (BNB) - BNB is the native cryptocurrency of the Binance ecosystem. It is used to pay for trading fees, participate in token sales, and power decentralized applications on Binance Smart Chain. BNB has become one of the top cryptocurrencies by market capitalization.