In this video, we'll discuss the significant consequences of the collapse of the cryptocurrency exchange, FTX. We'll delve into the reasons behind the collapse, Kevin O’Leary’s role in spreading FUD (fear, uncertainty, and doubt), and the impact on other companies in the industry.
#FTX #Binance #FUD
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https://www.youtube.com/watch?v=b8YdNgf5eIY
What is Binance Smart Chain? (BSC)
Binance Smart Chain is different than the Binance Chain. If you are looking for DeFi, or Decentralized Finance, then you want to be using the Binance Smart Chain.
The Binance Chain was actually developed by Binance in April of 2019. However, the chain doesn't have much flexibility and smart contracts can significantly congest the network. And that's where Binance Smart Chain comes in.
Binance Smart Chain (BSC) runs in parallel to the Binance Chain. BSC supports smart chain functionality and has compatibility with the Ethereum Virtual Machine (EVM). It's an independent blockchain that runs independently from Binance or Binance Chain.
Since BSC is EVM compatible, it makes it very easy for Ethereum projects to move thier tools and DApps over to the Binance Smart Chain. Applications like MetaMask can be easily configured to work with BSC. And best of all the transaction fees on BSC are a fraction of the cost of Ethereum.
How does Binance Smart Chain work?
Binance Smart Chain achieves ~3 second block times with a Proof-of-Stake consensus algorithm. It uses Proof of Staked Authority (or PoSA), where participants stake BNB to become validators.
Decentralized applications can be built on the Binance Smart Chain using BEP-20 tokens, which is the standard for BSC. The Binance Chain uses BEP-2 tokens. To move tokens from one chain to another like BEP-2 to BEP-20 or vis versa, the simplest method is to use the Binance Chain Wallet which is available on Chrome and Firefox.
To learn more about Binance Smart Chain, you can read more on the Binance Academy website.
https://academy.binance.com/
Follow me on Twitter at https://twitter.com/CryptoGrlfriend
Feel free to donate or leave me a tip at my #BSC Address: 0x9a908DB106003823B289c55D89faC14597e221D1
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https://www.youtube.com/watch?v=TVtVwbfc6Ik
In this Twitter Spaces interview I interviewed Miro, the founder of Jetswap.finance.
Jetfuel is a Yield Farming, AMM & Lending Ecosystem On BSC & Polygon & FTM
$FUEL | $JETS | $FTS | $GFCE | $WINGS | $pWINGS | $fWINGS
https://twitter.com/Jetfuelfinance
http://t.me/jetfuelfinance
http://jetswap.finance
#jetswap #jetfuel #BSC #Polygon #FTM
Follow me on Twitter at https://twitter.com/CryptoGrlfriend
Feel free to donate or leave me a tip at my #BSC Address: 0x9a908DB106003823B289c55D89faC14597e221D1
I use my tips for giveaways!
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https://www.youtube.com/watch?v=ZjXFsTvicUQ