Binance Weekly Report: Smart Chains, Swaps, and More ...
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Just found a possible side chain for Nano to operate on. Which provides privacy and cross-chain access to Bitcoin, Monero, Ethereum, ERC-20 Tokens, Binance Chain, Ziliqa, and Tomo Chain currently and with future support for Ontology, Ripple, NEO, Cosmos, and EOS.
So the project is called Incognito, they aim to bridge as many networks as possible and allow for private sends within the Incognito network. Users can send out of the Incognito network back to the native BTC, ETH, XMR, etc network without ever exposing their initial account. I love nano, but the lack of privacy makes it unusable for me. Having a decent cross-chain "mixer" like this makes me more comfortable about moving funds from my HODL account to my SPEND account. This can also increase the accessibility to our network allowing for anyone with some crypto to swap for nano through their private DEX. The project is still young but they already have $22Mil worth of assets "shielded". Do you all think it would be worth petitioning to get Nano's chain supported on here as well? How the shielding works:https://we.incognito.org/t/shielding-cryptocurrencies-turning-any-cryptocurrency-into-a-privacy-coin/83 Example swap of BTC to XMR using the pDEX:https://we.incognito.org/t/buy-and-sell-monero-xmr-confidentially-without-kyc/415 Note: Block times are currently 40 seconds, and it would cost you 0.01% to unshield your funds, so like $0.10 for every $1000 that you ran through the network. Seems worth it for some privacy.
@binance: Holding #BTC but want to harvest the latest yield farming opportunity on #BSC? No worries, you can maintain exposure to your Bitcoin while still participating in #DeFi on Binance Smart Chain. https://t.co/DxcALVYaIU
@cz_binance: Some superstitious (and not so smart) guys say every time I tweet about #bitcoin price, they short. Based on this chain of tweets, I hope those poor guys are not overly #rekt. lol https://t.co/MdSAxvWJ1p https://t.co/dsjEqlKD8W
@BinanceResearch: What is @thorchain_org $RUNE? #THORChain is a decentralized cross-chain exchange where traders can swap assets via liquidity pools across #Binance Chain, #Ethereum, and #Bitcoin. Read the #RUNE research profile ⬇️ https://t.co/qVg7Zobmkb
@BinanceResearch: New #Binance listing: @thorchain_org $RUNE. #THORChain is a decentralized cross-chain exchange where traders can swap cross-chain assets via liquidity pools across Binance Chain, #Ethereum, and #Bitcoin. Read the #RUNE research report👇 https://t.co/eOqyagUqvQ
@BinanceResearch: RT @binance: #Bitcoin stats you probably didn’t know: 🔸 63% of the $BTC are held for more than 1Y 🔸 11% of the addresses own more than 0.1% of the supply 🔸 280,000+ daily on-chain transactions Read more on @BinanceResearch's new Bitcoin page. ⬇️ https://t.co/g7ucw3QaLv
@cz_binance: RT @binance: #Bitcoin stats you probably didn’t know: 🔸 63% of the $BTC are held for more than 1Y 🔸 11% of the addresses own more than 0.1% of the supply 🔸 280,000+ daily on-chain transactions Read more on @BinanceResearch's new Bitcoin page. ⬇️ https://t.co/g7ucw3QaLv
@binance: #Bitcoin stats you probably didn’t know: 🔸 63% of the $BTC are held for more than 1Y 🔸 11% of the addresses own more than 0.1% of the supply 🔸 280,000+ daily on-chain transactions Read more on @BinanceResearch's new Bitcoin page. ⬇️ https://t.co/g7ucw3QaLv
@binance: Today @binance 🔸#Binance Chain (@binance_dex) Community Releases Whitepaper for Enabling Smart Contracts 🔸Added support for @TomoChainANN $TOMO Staking 🔸P2P Adds Support for Venezuela Bolivar $VES 🇻🇪 🔸Is #Bitcoin a store of value? - @BinanceAcademy #BUIDL https://t.co/zN9ynAhYeF
A week of shock, on-chain transaction volume soared, Binance Bitcoin inflows surged 164%
From the data of the past week (03.09-03.15), with the sudden and sharp drop in the price of Bitcoin on March 12, compared with the previous week (03.02-03.08), the data on the chain has risen sharply. The main transaction volume is concentrated on Thursday On Friday, as the price of Bitcoin fluctuated gradually from $ 5,000 to $ 5,500, the activity of data on the chain also dropped significantly. Transaction amount: 03.02-03.08: 5587116.39 BTC 03.09-03.15: 10626347.83 BTC Increase from the previous week: 90.19% The detailed data chart is as follows: Actual transaction amount: 03.02-03.08: 3835451.42 BTC 03.09-03.15: 6772827.74 BTC Increase from the previous week: 76.58% Number of transactions: 03.02-03.08: 2350652 03.09-03.15: 2121416 Decrease from the previous week: 9.75% The decline from this data also reflects the relatively large amount of transactions that drove the transaction amount during the slump in the currency price, which may be direct large transfers between addresses, or it may be that more transactions were collected under the active state of the exchange Large transfers. Number of active addresses: (The address that initiated the transaction is considered the active address) 03.02-03.08: 3686153 03.09-03.15: 3583417 Decrease from the previous week: 2.79% From this data's turn to decline, it can also be seen that when the currency price is volatile, active addresses such as exchanges are the focus of the market and the core of the on-chain transaction pooling. Large transfers: (Single transaction initiated amount greater than 100BTC is considered a large amount transfer) 03.02-03.08: 6501 03.09-03.15: 14827 Increase from the previous week: 128.07% This data validates the above judgment. The number of large transfers rose rapidly after the currency price dived, setting the largest single-day large-value transaction record since November 22 last year. Binance exchange BTC flow data Inflow: 03.02-03.08: 49947.69 03.09-03.15: 132045 Increase from the previous week: 164.37% Outflow: 03.02-03.08: 48823.84 03.09-03.15: 135022.51 Increase from the previous week: 176.55% The detailed data chart is as follows: Net inflow: 03.02-03.08: 1623.85 03.09-03.15: -2977.51 Decrease from the previous week: 283.36% Binance's data once again reflects the core position of the exchange address on the chain. With the sharp fluctuations in the price of bitcoin, more bitcoin moves in and out of the exchange, which also causes a large amount of bitcoin inflow and outflow rise.
@BinanceResearch: RT @binance: #binance Adds Open-Source Implementation for Edwards-Curve Digital Signature Algorithm (EdDSA) in the TSS Library The library is compatible with ECDSA-based blockchains, including Binance Chain, #Bitcoin, and @ethereum networks. https://t.co/xNILYim9EV
@binance: #binance Adds Open-Source Implementation for Edwards-Curve Digital Signature Algorithm (EdDSA) in the TSS Library The library is compatible with ECDSA-based blockchains, including Binance Chain, #Bitcoin, and @ethereum networks. https://t.co/xNILYim9EV
For these reasons, Binance came up with the BEP3 peg, a new kind of peg for tokens that come from Smart contract enabled chains, such as Ethereum, EOS or NEO. BEP3 pegs draw inspiration from atomic swaps to construct a mechanism that takes the Custodian Model and strips away the trust required in some parts of the system. Binance Smart Chain has several features that separate it from BC. Here are some of them: Standalone Blockchain: BSC is not built on top of the Binance Chain, as opposed to other smart contract chains deployed on top of other projects. BSC lives on a different platform, which means that it is a standalone blockchain that could operate with or ... Dabei wird häufig vergessen, dass Binance eine sehr aktive Development-Community hat. Heute vor genau einem Jahr ging die Binance Chain live, welche seitdem auch den Exchange-Token von Binance (BNB) hostet. Durch die Blockchain, die auf dem Tendermint BFT Konsensmodell basiert, wurde auch eine dezentrale Handelsplattform, Binance DEX, möglich. Binance Weekly Report: Smart Chains, Swaps, and More In this weekly report (August 29 to September 4, 2020): Binance launched BSwap liquidity pools, bringing the DeFi experience to you. Meanwhile, Binance Smart Chain also went live. Binance, the #1 spot cryptocurrency exchange in the world with USD 0.5-1 billion of daily trading volume, will launch the Binance decentralized exchange (DEX) in early 2019.. A video preview and the launch of its own blockchain has seen a major rally for its native token, BNB, with its market cap increasing USD 150 million, rocketing it to #13 on CoinMarketCap with a market cap of USD 800 million. Binance will issue a number of crypto-pegged tokens on Binance Chain (BEP2 token format) in the coming days, starting with BTCB, a BEP2 token pegged to Bitcoin. How does it work? Pegged tokens such as BTCB, are 100% backed by the native coin in reserve, which is Bitcoin (BTC) in BTCB’s case. The reserve addresses are published for anyone to ... They are pegged to assets on their native chains. The flexibility of Binance Smart Chain enables assets from other chains to be utilized within the Binance ecosystem. Other user benefits include: Inexpensive transaction fees of as low as one cent. Powerful performance from a network able to produce a block every three seconds; Access to apps enabling DeFi practices such as yield farming ...
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