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#NFPCryptoImpact “Crypto is reshaping the future of finance and beyond. 🌍 With #NFPCryptoImpact, we spotlight the transformative power of blockchain—from decentralized finance (DeFi) to sustainable development. 🚀
As global payroll data impacts markets, crypto offers resilience and innovation. Imagine a world where financial inclusion is driven by smart contracts, and cross-border payments are seamless. 💡
The latest Bitcoin Layer 2 solutions and AI-powered fraud prevention tools show how blockchain is not just about currency but creating secure, scalable ecosystems. 🌐
Join the conversation: How can crypto drive positive change in your community? Let’s shape the narrative together. As a hodler, you already know my move guys.
As global payroll data impacts markets, crypto offers resilience and innovation. Imagine a world where financial inclusion is driven by smart contracts, and cross-border payments are seamless. 💡
The latest Bitcoin Layer 2 solutions and AI-powered fraud prevention tools show how blockchain is not just about currency but creating secure, scalable ecosystems. 🌐
Join the conversation: How can crypto drive positive change in your community? Let’s shape the narrative together. As a hodler, you already know my move guys.
ترجمة
$BTC sometimes it has to get worse before it gets better
ترجمة
Much as feliciaornes siuuuu
Binance Academy
--
What Is Sui (SUI)?
Disclaimer: This article is for educational purposes only. The information provided through Binance does not constitute advice or recommendation of investment or trading. Binance does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.
Key Takeaways
Sui is a blockchain platform that uses an object-centric design and the Move programming language for secure and flexible DApp development.
User-friendly features like zkLogin and sponsored transactions simplify onboarding and interactions.
Sui's scalability and low-cost model can support applications in various industries, including gaming, DeFi, and commerce.
What Is Sui?
Sui is a blockchain platform designed to be fast, affordable, and open to anyone. Sui is a layer-1 blockchain, which means it works as the foundation for building decentralized apps (DApps). It also has a native cryptocurrency called SUI.
Created by Mysten Labs, Sui aims to fix some common issues in blockchain technology, such as slow transaction speeds and high costs, while also being user-friendly for both developers and everyday users.
Key Features
Here are some of the technical features that make Sui different from other blockchains:
Object-centric design: Unlike other blockchains that manage accounts and balances, Sui uses an object-focused system. This treats digital assets like unique objects, making it easier to build apps with more complex interactions.
Programmable Transaction Blocks (PTBs): Sui allows developers to bundle multiple actions into a single transaction block. This gives more flexibility when building apps and simplifies the process of executing complex actions.
Horizontal scaling: Sui is built to scale horizontally. This means it can handle more transactions as more users join the network without compromising security or decentralization.
Move programming language: Sui uses a programming language called Move, originally created by Facebook’s Libra project. Move is designed for managing digital assets securely and helps developers create safe and efficient applications.
User-centric design
Sui is designed with the user in mind, making blockchain more accessible with these tools:
zkLogin: This feature lets people create wallets using their existing accounts from services like Google or Apple. It removes the need for seed phrases, which can be confusing for new users.
Sponsored transactions: Developers can cover the cost of transaction fees for their users. This makes it easier for people to interact with apps without needing to hold the blockchain’s native coin.
Dynamic fields: Developers can add or remove custom fields to digital objects, making them more adaptable and enabling more complex applications.
The SUI coin
Sui has its own coin, called SUI, which has various use cases in the ecosystem:
Staking and governance: Users can stake SUI coins to support network security and earn rewards. Coin holders also get to vote on key decisions about the platform’s future.
Gas fees: Like Ethereum and other blockchains, Sui charges gas fees for transactions. These fees are paid in SUI coins and are designed to be low and consistent.
Storage fund: Part of the gas fees go into a fund to cover the costs of long-term data storage. This helps keep the network sustainable and fair for all users.
The total supply of SUI coins is capped at 10 billion units. As of December 30, 2024, SUI has a market cap of roughly $11.79 billion.
Use cases and applications
Sui’s technology opens the door to many practical applications across different industries:
Gaming: Sui enables developers to create in-game items that players can truly own, trade, or use in multiple games. This can make games more engaging and offer new revenue opportunities for creators.
Decentralized finance (DeFi): With low transaction fees and quick processing times, Sui is a strong fit for financial apps like lending, borrowing, and trading. Its built-in tools also help improve liquidity and market efficiency.
Commerce: Companies can use Sui to add digital assets to their products, which can create interactive experiences for customers and build brand loyalty.
Security and privacy
Advanced cryptography: Sui uses modern cryptographic techniques to ensure data stays secure and transactions are tamper-proof. This includes zero-knowledge proofs (ZKPs), which allow transactions to be verified without sharing sensitive information.
zkLogin: zkLogin leverages ZKPs to let users log in with existing credentials while keeping their personal data private.
Developer ecosystem
Sui provides plenty of resources to help developers build and grow within its ecosystem:
Developer Portal: A central hub with guides, tools, and software development kits (SDKs) to make building on Sui easier.
Grants and funding: Sui offers financial support for projects that contribute to its ecosystem, encouraging developers to innovate and create new apps.
Community engagement: Developers can connect with the Sui team and other builders through forums, office hours, and community events.
Closing Thoughts
Sui is a blockchain platform aiming to make decentralized apps faster, cheaper, and easier to use. With its unique features, focus on user experience, and strong support for developers, the Sui ecosystem has grown considerably in recent years, putting the project among the top 30 cryptocurrencies by market capitalization.
Further Reading
What Is Zero-knowledge Proof and How Does It Impact Blockchain?
What Is Layer 1 in Blockchain?
What Is a Crypto Wallet and How to Choose the Right One?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Key Takeaways
Sui is a blockchain platform that uses an object-centric design and the Move programming language for secure and flexible DApp development.
User-friendly features like zkLogin and sponsored transactions simplify onboarding and interactions.
Sui's scalability and low-cost model can support applications in various industries, including gaming, DeFi, and commerce.
What Is Sui?
Sui is a blockchain platform designed to be fast, affordable, and open to anyone. Sui is a layer-1 blockchain, which means it works as the foundation for building decentralized apps (DApps). It also has a native cryptocurrency called SUI.
Created by Mysten Labs, Sui aims to fix some common issues in blockchain technology, such as slow transaction speeds and high costs, while also being user-friendly for both developers and everyday users.
Key Features
Here are some of the technical features that make Sui different from other blockchains:
Object-centric design: Unlike other blockchains that manage accounts and balances, Sui uses an object-focused system. This treats digital assets like unique objects, making it easier to build apps with more complex interactions.
Programmable Transaction Blocks (PTBs): Sui allows developers to bundle multiple actions into a single transaction block. This gives more flexibility when building apps and simplifies the process of executing complex actions.
Horizontal scaling: Sui is built to scale horizontally. This means it can handle more transactions as more users join the network without compromising security or decentralization.
Move programming language: Sui uses a programming language called Move, originally created by Facebook’s Libra project. Move is designed for managing digital assets securely and helps developers create safe and efficient applications.
User-centric design
Sui is designed with the user in mind, making blockchain more accessible with these tools:
zkLogin: This feature lets people create wallets using their existing accounts from services like Google or Apple. It removes the need for seed phrases, which can be confusing for new users.
Sponsored transactions: Developers can cover the cost of transaction fees for their users. This makes it easier for people to interact with apps without needing to hold the blockchain’s native coin.
Dynamic fields: Developers can add or remove custom fields to digital objects, making them more adaptable and enabling more complex applications.
The SUI coin
Sui has its own coin, called SUI, which has various use cases in the ecosystem:
Staking and governance: Users can stake SUI coins to support network security and earn rewards. Coin holders also get to vote on key decisions about the platform’s future.
Gas fees: Like Ethereum and other blockchains, Sui charges gas fees for transactions. These fees are paid in SUI coins and are designed to be low and consistent.
Storage fund: Part of the gas fees go into a fund to cover the costs of long-term data storage. This helps keep the network sustainable and fair for all users.
The total supply of SUI coins is capped at 10 billion units. As of December 30, 2024, SUI has a market cap of roughly $11.79 billion.
Use cases and applications
Sui’s technology opens the door to many practical applications across different industries:
Gaming: Sui enables developers to create in-game items that players can truly own, trade, or use in multiple games. This can make games more engaging and offer new revenue opportunities for creators.
Decentralized finance (DeFi): With low transaction fees and quick processing times, Sui is a strong fit for financial apps like lending, borrowing, and trading. Its built-in tools also help improve liquidity and market efficiency.
Commerce: Companies can use Sui to add digital assets to their products, which can create interactive experiences for customers and build brand loyalty.
Security and privacy
Advanced cryptography: Sui uses modern cryptographic techniques to ensure data stays secure and transactions are tamper-proof. This includes zero-knowledge proofs (ZKPs), which allow transactions to be verified without sharing sensitive information.
zkLogin: zkLogin leverages ZKPs to let users log in with existing credentials while keeping their personal data private.
Developer ecosystem
Sui provides plenty of resources to help developers build and grow within its ecosystem:
Developer Portal: A central hub with guides, tools, and software development kits (SDKs) to make building on Sui easier.
Grants and funding: Sui offers financial support for projects that contribute to its ecosystem, encouraging developers to innovate and create new apps.
Community engagement: Developers can connect with the Sui team and other builders through forums, office hours, and community events.
Closing Thoughts
Sui is a blockchain platform aiming to make decentralized apps faster, cheaper, and easier to use. With its unique features, focus on user experience, and strong support for developers, the Sui ecosystem has grown considerably in recent years, putting the project among the top 30 cryptocurrencies by market capitalization.
Further Reading
What Is Zero-knowledge Proof and How Does It Impact Blockchain?
What Is Layer 1 in Blockchain?
What Is a Crypto Wallet and How to Choose the Right One?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
ترجمة
H
Binance Academy
--
What Is Movement (MOVE)?
Disclaimer: This article is for educational purposes only. The information provided through Binance does not constitute advice or recommendation of investment or trading. Binance does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.
Key Takeaways
The Movement Project builds on Ethereum to offer faster, more efficient transactions and advanced security through its MoveVM and Move programming language.
Developers can use Move Rollups to create tailored Layer 2 solutions for various applications like DeFi, gaming, and supply chains.
The MOVE token has multiple use cases, including staking, governance, and cross-chain liquidity.
In December 2024, Binance offered an exclusive MOVE token airdrop as part of Binance’s HODLer Airdrops program.
What Is the Movement Project?
Movement is a blockchain platform that builds on Ethereum’s foundation while adding its own innovations. It’s what’s called a Layer 2 (L2) solution, meaning it operates on top of Ethereum to process transactions faster and more efficiently.
At its core, the Movement Project aims to address challenges related to scalability, transaction speed, interoperability, and security vulnerabilities. The Move programming language was originally developed by Meta (formerly Facebook) for its Diem/Libra blockchain project.
Move is known for its resource-oriented programming, which enhances security and efficiency in blockchain application development.
Key Features of the Movement Project
Interoperability
Movement connects MoveVM and Ethereum ecosystems, enabling developers to build DApps that operate across multiple blockchains. This composability is a game-changer for blockchain developers.
Security
Move is built with security in mind. It uses formal verification, a rigorous mathematical process that ensures smart contracts behave as intended. This approach reduces common vulnerabilities, like reentrancy attacks or accidental token duplication.
Speed and finality
One of the biggest pain points in blockchain today is waiting for transactions to be finalized. Movement's fast-finality system ensures transactions are confirmed in seconds. This is a massive improvement over traditional systems, where users might wait several minutes or even hours, depending on the type of rollup.
How the Movement Project Works
The Movement Project is built around a few key components:
MoveVM: A virtual machine that supports both Move and Ethereum-compatible code execution.
Decentralized Shared Sequencer (DSS): Ensures fair and censorship-resistant transaction processing.
Move Rollups: App-specific L2 solutions that enable developers to customize transaction settlement, data availability, and more.
MoveVM: the execution core
At the heart of the Movement Project is the MoveVM, a virtual machine that powers the execution of transactions. Unlike many blockchain systems that focus on one type of application or programming environment, the MoveVM is dual-compatible. It works with both:
Move Bytecode: For developers who want to use the cutting-edge features of the Move programming language.
Ethereum Virtual Machine (EVM) Bytecode: This ensures that existing Ethereum-based applications can be easily ported to the Movement ecosystem.
This means developers don’t have to choose between Move and Ethereum. They can use both simultaneously, building applications that take advantage of Ethereum’s large ecosystem while leveraging the advanced security and efficiency of the Move programming language.
Decentralized Shared Sequencer (DSS)
The DSS is like the traffic controller of the Movement ecosystem. It ensures that transactions are processed fairly, quickly, and without censorship. Some of its key benefits include:
Censorship resistance: No single entity can block or prioritize transactions.
Fairness: Protects users from front-running attacks, where someone jumps ahead in the transaction queue to gain an unfair advantage.
Interoperability: Enables seamless cross-chain operations within the Movement ecosystem.
DSS plays an important role in uniting Move-based and Ethereum-based networks, allowing liquidity and assets to flow across chains.
Move Rollups: custom L2 chains
Movement introduces a flexible architecture called Move Rollups, which are L2 solutions tailored for specific applications, such as DeFi, gaming, and supply chains. For example:
Developers can select from different settlement mechanisms like optimistic rollups, ZK-rollups, or Movement’s fast-finality system.
They can choose their preferred data availability services, such as Celestia or Ethereum's EIP-4844 blobs, to ensure their chains operate efficiently.
This modular approach means that whether you're building a DeFi app, a blockchain game, or a supply chain solution, you can tailor your blockchain setup to fit your needs.
The MOVE Token Use Cases
Staking: MOVE tokens can be staked to help secure the network and support decentralized transaction processing through the Decentralized Shared Sequencer (DSS).
Transaction fees: MOVE tokens can be used to pay transaction and smart contract execution fees within the Movement ecosystem.
Governance: MOVE holders can vote on proposals for protocol upgrades, operational changes, and community fund allocations.
Cross-chain liquidity: Facilitates asset transfers between Move-based and Ethereum-based chains, offering more interoperability.
Move Arena participation: MOVE can be used for staking and providing liquidity in the Move Arena, which supports application-specific chains.
Incentives and rewards: Distributed as rewards for developers and users through programs like Binance’s HODLer Airdrops.
Economic security: MOVE, alongside other tokens, is used in the multi-asset staking model to increase network security.
MOVE Airdrop on Binance
The MOVE token is a central part of the Movement project and ecosystem. In December 2024, Binance announced an exclusive MOVE airdrop for BNB HODLers. The airdrop was done through the Binance Airdrop Portal and part of Binance’s HODLer Airdrops program.
Eligibility: Binance users needed to stake their BNB in Simple Earn products. Historical snapshots of balances were used to calculate rewards.
Rewards: BNB holders received free MOVE tokens, which were distributed directly to their Spot Wallets.
Trading launch: MOVE was listed on Binance on December 9, 2024, with multiple trading pairs, such as MOVE/USDT, MOVE/BTC, and MOVE/BNB.
Closing Thoughts
The Movement Project is all about making blockchain faster, more secure, and easier to use. With tools like the Move programming language, MoveVM, and a decentralized sequencer, it connects Ethereum and Move ecosystems, giving developers many options to build cool apps.
Further Reading
What Are Modular Blockchains?
Optimistic vs. Zero-Knowledge Rollups: What’s the Difference?
What Are Bitcoin Layer 2 Networks?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Key Takeaways
The Movement Project builds on Ethereum to offer faster, more efficient transactions and advanced security through its MoveVM and Move programming language.
Developers can use Move Rollups to create tailored Layer 2 solutions for various applications like DeFi, gaming, and supply chains.
The MOVE token has multiple use cases, including staking, governance, and cross-chain liquidity.
In December 2024, Binance offered an exclusive MOVE token airdrop as part of Binance’s HODLer Airdrops program.
What Is the Movement Project?
Movement is a blockchain platform that builds on Ethereum’s foundation while adding its own innovations. It’s what’s called a Layer 2 (L2) solution, meaning it operates on top of Ethereum to process transactions faster and more efficiently.
At its core, the Movement Project aims to address challenges related to scalability, transaction speed, interoperability, and security vulnerabilities. The Move programming language was originally developed by Meta (formerly Facebook) for its Diem/Libra blockchain project.
Move is known for its resource-oriented programming, which enhances security and efficiency in blockchain application development.
Key Features of the Movement Project
Interoperability
Movement connects MoveVM and Ethereum ecosystems, enabling developers to build DApps that operate across multiple blockchains. This composability is a game-changer for blockchain developers.
Security
Move is built with security in mind. It uses formal verification, a rigorous mathematical process that ensures smart contracts behave as intended. This approach reduces common vulnerabilities, like reentrancy attacks or accidental token duplication.
Speed and finality
One of the biggest pain points in blockchain today is waiting for transactions to be finalized. Movement's fast-finality system ensures transactions are confirmed in seconds. This is a massive improvement over traditional systems, where users might wait several minutes or even hours, depending on the type of rollup.
How the Movement Project Works
The Movement Project is built around a few key components:
MoveVM: A virtual machine that supports both Move and Ethereum-compatible code execution.
Decentralized Shared Sequencer (DSS): Ensures fair and censorship-resistant transaction processing.
Move Rollups: App-specific L2 solutions that enable developers to customize transaction settlement, data availability, and more.
MoveVM: the execution core
At the heart of the Movement Project is the MoveVM, a virtual machine that powers the execution of transactions. Unlike many blockchain systems that focus on one type of application or programming environment, the MoveVM is dual-compatible. It works with both:
Move Bytecode: For developers who want to use the cutting-edge features of the Move programming language.
Ethereum Virtual Machine (EVM) Bytecode: This ensures that existing Ethereum-based applications can be easily ported to the Movement ecosystem.
This means developers don’t have to choose between Move and Ethereum. They can use both simultaneously, building applications that take advantage of Ethereum’s large ecosystem while leveraging the advanced security and efficiency of the Move programming language.
Decentralized Shared Sequencer (DSS)
The DSS is like the traffic controller of the Movement ecosystem. It ensures that transactions are processed fairly, quickly, and without censorship. Some of its key benefits include:
Censorship resistance: No single entity can block or prioritize transactions.
Fairness: Protects users from front-running attacks, where someone jumps ahead in the transaction queue to gain an unfair advantage.
Interoperability: Enables seamless cross-chain operations within the Movement ecosystem.
DSS plays an important role in uniting Move-based and Ethereum-based networks, allowing liquidity and assets to flow across chains.
Move Rollups: custom L2 chains
Movement introduces a flexible architecture called Move Rollups, which are L2 solutions tailored for specific applications, such as DeFi, gaming, and supply chains. For example:
Developers can select from different settlement mechanisms like optimistic rollups, ZK-rollups, or Movement’s fast-finality system.
They can choose their preferred data availability services, such as Celestia or Ethereum's EIP-4844 blobs, to ensure their chains operate efficiently.
This modular approach means that whether you're building a DeFi app, a blockchain game, or a supply chain solution, you can tailor your blockchain setup to fit your needs.
The MOVE Token Use Cases
Staking: MOVE tokens can be staked to help secure the network and support decentralized transaction processing through the Decentralized Shared Sequencer (DSS).
Transaction fees: MOVE tokens can be used to pay transaction and smart contract execution fees within the Movement ecosystem.
Governance: MOVE holders can vote on proposals for protocol upgrades, operational changes, and community fund allocations.
Cross-chain liquidity: Facilitates asset transfers between Move-based and Ethereum-based chains, offering more interoperability.
Move Arena participation: MOVE can be used for staking and providing liquidity in the Move Arena, which supports application-specific chains.
Incentives and rewards: Distributed as rewards for developers and users through programs like Binance’s HODLer Airdrops.
Economic security: MOVE, alongside other tokens, is used in the multi-asset staking model to increase network security.
MOVE Airdrop on Binance
The MOVE token is a central part of the Movement project and ecosystem. In December 2024, Binance announced an exclusive MOVE airdrop for BNB HODLers. The airdrop was done through the Binance Airdrop Portal and part of Binance’s HODLer Airdrops program.
Eligibility: Binance users needed to stake their BNB in Simple Earn products. Historical snapshots of balances were used to calculate rewards.
Rewards: BNB holders received free MOVE tokens, which were distributed directly to their Spot Wallets.
Trading launch: MOVE was listed on Binance on December 9, 2024, with multiple trading pairs, such as MOVE/USDT, MOVE/BTC, and MOVE/BNB.
Closing Thoughts
The Movement Project is all about making blockchain faster, more secure, and easier to use. With tools like the Move programming language, MoveVM, and a decentralized sequencer, it connects Ethereum and Move ecosystems, giving developers many options to build cool apps.
Further Reading
What Are Modular Blockchains?
Optimistic vs. Zero-Knowledge Rollups: What’s the Difference?
What Are Bitcoin Layer 2 Networks?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
ترجمة
Mines moves
Binance Academy
--
What Is Movement (MOVE)?
Disclaimer: This article is for educational purposes only. The information provided through Binance does not constitute advice or recommendation of investment or trading. Binance does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.
Key Takeaways
The Movement Project builds on Ethereum to offer faster, more efficient transactions and advanced security through its MoveVM and Move programming language.
Developers can use Move Rollups to create tailored Layer 2 solutions for various applications like DeFi, gaming, and supply chains.
The MOVE token has multiple use cases, including staking, governance, and cross-chain liquidity.
In December 2024, Binance offered an exclusive MOVE token airdrop as part of Binance’s HODLer Airdrops program.
What Is the Movement Project?
Movement is a blockchain platform that builds on Ethereum’s foundation while adding its own innovations. It’s what’s called a Layer 2 (L2) solution, meaning it operates on top of Ethereum to process transactions faster and more efficiently.
At its core, the Movement Project aims to address challenges related to scalability, transaction speed, interoperability, and security vulnerabilities. The Move programming language was originally developed by Meta (formerly Facebook) for its Diem/Libra blockchain project.
Move is known for its resource-oriented programming, which enhances security and efficiency in blockchain application development.
Key Features of the Movement Project
Interoperability
Movement connects MoveVM and Ethereum ecosystems, enabling developers to build DApps that operate across multiple blockchains. This composability is a game-changer for blockchain developers.
Security
Move is built with security in mind. It uses formal verification, a rigorous mathematical process that ensures smart contracts behave as intended. This approach reduces common vulnerabilities, like reentrancy attacks or accidental token duplication.
Speed and finality
One of the biggest pain points in blockchain today is waiting for transactions to be finalized. Movement's fast-finality system ensures transactions are confirmed in seconds. This is a massive improvement over traditional systems, where users might wait several minutes or even hours, depending on the type of rollup.
How the Movement Project Works
The Movement Project is built around a few key components:
MoveVM: A virtual machine that supports both Move and Ethereum-compatible code execution.
Decentralized Shared Sequencer (DSS): Ensures fair and censorship-resistant transaction processing.
Move Rollups: App-specific L2 solutions that enable developers to customize transaction settlement, data availability, and more.
MoveVM: the execution core
At the heart of the Movement Project is the MoveVM, a virtual machine that powers the execution of transactions. Unlike many blockchain systems that focus on one type of application or programming environment, the MoveVM is dual-compatible. It works with both:
Move Bytecode: For developers who want to use the cutting-edge features of the Move programming language.
Ethereum Virtual Machine (EVM) Bytecode: This ensures that existing Ethereum-based applications can be easily ported to the Movement ecosystem.
This means developers don’t have to choose between Move and Ethereum. They can use both simultaneously, building applications that take advantage of Ethereum’s large ecosystem while leveraging the advanced security and efficiency of the Move programming language.
Decentralized Shared Sequencer (DSS)
The DSS is like the traffic controller of the Movement ecosystem. It ensures that transactions are processed fairly, quickly, and without censorship. Some of its key benefits include:
Censorship resistance: No single entity can block or prioritize transactions.
Fairness: Protects users from front-running attacks, where someone jumps ahead in the transaction queue to gain an unfair advantage.
Interoperability: Enables seamless cross-chain operations within the Movement ecosystem.
DSS plays an important role in uniting Move-based and Ethereum-based networks, allowing liquidity and assets to flow across chains.
Move Rollups: custom L2 chains
Movement introduces a flexible architecture called Move Rollups, which are L2 solutions tailored for specific applications, such as DeFi, gaming, and supply chains. For example:
Developers can select from different settlement mechanisms like optimistic rollups, ZK-rollups, or Movement’s fast-finality system.
They can choose their preferred data availability services, such as Celestia or Ethereum's EIP-4844 blobs, to ensure their chains operate efficiently.
This modular approach means that whether you're building a DeFi app, a blockchain game, or a supply chain solution, you can tailor your blockchain setup to fit your needs.
The MOVE Token Use Cases
Staking: MOVE tokens can be staked to help secure the network and support decentralized transaction processing through the Decentralized Shared Sequencer (DSS).
Transaction fees: MOVE tokens can be used to pay transaction and smart contract execution fees within the Movement ecosystem.
Governance: MOVE holders can vote on proposals for protocol upgrades, operational changes, and community fund allocations.
Cross-chain liquidity: Facilitates asset transfers between Move-based and Ethereum-based chains, offering more interoperability.
Move Arena participation: MOVE can be used for staking and providing liquidity in the Move Arena, which supports application-specific chains.
Incentives and rewards: Distributed as rewards for developers and users through programs like Binance’s HODLer Airdrops.
Economic security: MOVE, alongside other tokens, is used in the multi-asset staking model to increase network security.
MOVE Airdrop on Binance
The MOVE token is a central part of the Movement project and ecosystem. In December 2024, Binance announced an exclusive MOVE airdrop for BNB HODLers. The airdrop was done through the Binance Airdrop Portal and part of Binance’s HODLer Airdrops program.
Eligibility: Binance users needed to stake their BNB in Simple Earn products. Historical snapshots of balances were used to calculate rewards.
Rewards: BNB holders received free MOVE tokens, which were distributed directly to their Spot Wallets.
Trading launch: MOVE was listed on Binance on December 9, 2024, with multiple trading pairs, such as MOVE/USDT, MOVE/BTC, and MOVE/BNB.
Closing Thoughts
The Movement Project is all about making blockchain faster, more secure, and easier to use. With tools like the Move programming language, MoveVM, and a decentralized sequencer, it connects Ethereum and Move ecosystems, giving developers many options to build cool apps.
Further Reading
What Are Modular Blockchains?
Optimistic vs. Zero-Knowledge Rollups: What’s the Difference?
What Are Bitcoin Layer 2 Networks?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Key Takeaways
The Movement Project builds on Ethereum to offer faster, more efficient transactions and advanced security through its MoveVM and Move programming language.
Developers can use Move Rollups to create tailored Layer 2 solutions for various applications like DeFi, gaming, and supply chains.
The MOVE token has multiple use cases, including staking, governance, and cross-chain liquidity.
In December 2024, Binance offered an exclusive MOVE token airdrop as part of Binance’s HODLer Airdrops program.
What Is the Movement Project?
Movement is a blockchain platform that builds on Ethereum’s foundation while adding its own innovations. It’s what’s called a Layer 2 (L2) solution, meaning it operates on top of Ethereum to process transactions faster and more efficiently.
At its core, the Movement Project aims to address challenges related to scalability, transaction speed, interoperability, and security vulnerabilities. The Move programming language was originally developed by Meta (formerly Facebook) for its Diem/Libra blockchain project.
Move is known for its resource-oriented programming, which enhances security and efficiency in blockchain application development.
Key Features of the Movement Project
Interoperability
Movement connects MoveVM and Ethereum ecosystems, enabling developers to build DApps that operate across multiple blockchains. This composability is a game-changer for blockchain developers.
Security
Move is built with security in mind. It uses formal verification, a rigorous mathematical process that ensures smart contracts behave as intended. This approach reduces common vulnerabilities, like reentrancy attacks or accidental token duplication.
Speed and finality
One of the biggest pain points in blockchain today is waiting for transactions to be finalized. Movement's fast-finality system ensures transactions are confirmed in seconds. This is a massive improvement over traditional systems, where users might wait several minutes or even hours, depending on the type of rollup.
How the Movement Project Works
The Movement Project is built around a few key components:
MoveVM: A virtual machine that supports both Move and Ethereum-compatible code execution.
Decentralized Shared Sequencer (DSS): Ensures fair and censorship-resistant transaction processing.
Move Rollups: App-specific L2 solutions that enable developers to customize transaction settlement, data availability, and more.
MoveVM: the execution core
At the heart of the Movement Project is the MoveVM, a virtual machine that powers the execution of transactions. Unlike many blockchain systems that focus on one type of application or programming environment, the MoveVM is dual-compatible. It works with both:
Move Bytecode: For developers who want to use the cutting-edge features of the Move programming language.
Ethereum Virtual Machine (EVM) Bytecode: This ensures that existing Ethereum-based applications can be easily ported to the Movement ecosystem.
This means developers don’t have to choose between Move and Ethereum. They can use both simultaneously, building applications that take advantage of Ethereum’s large ecosystem while leveraging the advanced security and efficiency of the Move programming language.
Decentralized Shared Sequencer (DSS)
The DSS is like the traffic controller of the Movement ecosystem. It ensures that transactions are processed fairly, quickly, and without censorship. Some of its key benefits include:
Censorship resistance: No single entity can block or prioritize transactions.
Fairness: Protects users from front-running attacks, where someone jumps ahead in the transaction queue to gain an unfair advantage.
Interoperability: Enables seamless cross-chain operations within the Movement ecosystem.
DSS plays an important role in uniting Move-based and Ethereum-based networks, allowing liquidity and assets to flow across chains.
Move Rollups: custom L2 chains
Movement introduces a flexible architecture called Move Rollups, which are L2 solutions tailored for specific applications, such as DeFi, gaming, and supply chains. For example:
Developers can select from different settlement mechanisms like optimistic rollups, ZK-rollups, or Movement’s fast-finality system.
They can choose their preferred data availability services, such as Celestia or Ethereum's EIP-4844 blobs, to ensure their chains operate efficiently.
This modular approach means that whether you're building a DeFi app, a blockchain game, or a supply chain solution, you can tailor your blockchain setup to fit your needs.
The MOVE Token Use Cases
Staking: MOVE tokens can be staked to help secure the network and support decentralized transaction processing through the Decentralized Shared Sequencer (DSS).
Transaction fees: MOVE tokens can be used to pay transaction and smart contract execution fees within the Movement ecosystem.
Governance: MOVE holders can vote on proposals for protocol upgrades, operational changes, and community fund allocations.
Cross-chain liquidity: Facilitates asset transfers between Move-based and Ethereum-based chains, offering more interoperability.
Move Arena participation: MOVE can be used for staking and providing liquidity in the Move Arena, which supports application-specific chains.
Incentives and rewards: Distributed as rewards for developers and users through programs like Binance’s HODLer Airdrops.
Economic security: MOVE, alongside other tokens, is used in the multi-asset staking model to increase network security.
MOVE Airdrop on Binance
The MOVE token is a central part of the Movement project and ecosystem. In December 2024, Binance announced an exclusive MOVE airdrop for BNB HODLers. The airdrop was done through the Binance Airdrop Portal and part of Binance’s HODLer Airdrops program.
Eligibility: Binance users needed to stake their BNB in Simple Earn products. Historical snapshots of balances were used to calculate rewards.
Rewards: BNB holders received free MOVE tokens, which were distributed directly to their Spot Wallets.
Trading launch: MOVE was listed on Binance on December 9, 2024, with multiple trading pairs, such as MOVE/USDT, MOVE/BTC, and MOVE/BNB.
Closing Thoughts
The Movement Project is all about making blockchain faster, more secure, and easier to use. With tools like the Move programming language, MoveVM, and a decentralized sequencer, it connects Ethereum and Move ecosystems, giving developers many options to build cool apps.
Further Reading
What Are Modular Blockchains?
Optimistic vs. Zero-Knowledge Rollups: What’s the Difference?
What Are Bitcoin Layer 2 Networks?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
ترجمة
Yuge
Binance Academy
--
What Is Sui (SUI)?
Disclaimer: This article is for educational purposes only. The information provided through Binance does not constitute advice or recommendation of investment or trading. Binance does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.
Key Takeaways
Sui is a blockchain platform that uses an object-centric design and the Move programming language for secure and flexible DApp development.
User-friendly features like zkLogin and sponsored transactions simplify onboarding and interactions.
Sui's scalability and low-cost model can support applications in various industries, including gaming, DeFi, and commerce.
What Is Sui?
Sui is a blockchain platform designed to be fast, affordable, and open to anyone. Sui is a layer-1 blockchain, which means it works as the foundation for building decentralized apps (DApps). It also has a native cryptocurrency called SUI.
Created by Mysten Labs, Sui aims to fix some common issues in blockchain technology, such as slow transaction speeds and high costs, while also being user-friendly for both developers and everyday users.
Key Features
Here are some of the technical features that make Sui different from other blockchains:
Object-centric design: Unlike other blockchains that manage accounts and balances, Sui uses an object-focused system. This treats digital assets like unique objects, making it easier to build apps with more complex interactions.
Programmable Transaction Blocks (PTBs): Sui allows developers to bundle multiple actions into a single transaction block. This gives more flexibility when building apps and simplifies the process of executing complex actions.
Horizontal scaling: Sui is built to scale horizontally. This means it can handle more transactions as more users join the network without compromising security or decentralization.
Move programming language: Sui uses a programming language called Move, originally created by Facebook’s Libra project. Move is designed for managing digital assets securely and helps developers create safe and efficient applications.
User-centric design
Sui is designed with the user in mind, making blockchain more accessible with these tools:
zkLogin: This feature lets people create wallets using their existing accounts from services like Google or Apple. It removes the need for seed phrases, which can be confusing for new users.
Sponsored transactions: Developers can cover the cost of transaction fees for their users. This makes it easier for people to interact with apps without needing to hold the blockchain’s native coin.
Dynamic fields: Developers can add or remove custom fields to digital objects, making them more adaptable and enabling more complex applications.
The SUI coin
Sui has its own coin, called SUI, which has various use cases in the ecosystem:
Staking and governance: Users can stake SUI coins to support network security and earn rewards. Coin holders also get to vote on key decisions about the platform’s future.
Gas fees: Like Ethereum and other blockchains, Sui charges gas fees for transactions. These fees are paid in SUI coins and are designed to be low and consistent.
Storage fund: Part of the gas fees go into a fund to cover the costs of long-term data storage. This helps keep the network sustainable and fair for all users.
The total supply of SUI coins is capped at 10 billion units. As of December 30, 2024, SUI has a market cap of roughly $11.79 billion.
Use cases and applications
Sui’s technology opens the door to many practical applications across different industries:
Gaming: Sui enables developers to create in-game items that players can truly own, trade, or use in multiple games. This can make games more engaging and offer new revenue opportunities for creators.
Decentralized finance (DeFi): With low transaction fees and quick processing times, Sui is a strong fit for financial apps like lending, borrowing, and trading. Its built-in tools also help improve liquidity and market efficiency.
Commerce: Companies can use Sui to add digital assets to their products, which can create interactive experiences for customers and build brand loyalty.
Security and privacy
Advanced cryptography: Sui uses modern cryptographic techniques to ensure data stays secure and transactions are tamper-proof. This includes zero-knowledge proofs (ZKPs), which allow transactions to be verified without sharing sensitive information.
zkLogin: zkLogin leverages ZKPs to let users log in with existing credentials while keeping their personal data private.
Developer ecosystem
Sui provides plenty of resources to help developers build and grow within its ecosystem:
Developer Portal: A central hub with guides, tools, and software development kits (SDKs) to make building on Sui easier.
Grants and funding: Sui offers financial support for projects that contribute to its ecosystem, encouraging developers to innovate and create new apps.
Community engagement: Developers can connect with the Sui team and other builders through forums, office hours, and community events.
Closing Thoughts
Sui is a blockchain platform aiming to make decentralized apps faster, cheaper, and easier to use. With its unique features, focus on user experience, and strong support for developers, the Sui ecosystem has grown considerably in recent years, putting the project among the top 30 cryptocurrencies by market capitalization.
Further Reading
What Is Zero-knowledge Proof and How Does It Impact Blockchain?
What Is Layer 1 in Blockchain?
What Is a Crypto Wallet and How to Choose the Right One?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Key Takeaways
Sui is a blockchain platform that uses an object-centric design and the Move programming language for secure and flexible DApp development.
User-friendly features like zkLogin and sponsored transactions simplify onboarding and interactions.
Sui's scalability and low-cost model can support applications in various industries, including gaming, DeFi, and commerce.
What Is Sui?
Sui is a blockchain platform designed to be fast, affordable, and open to anyone. Sui is a layer-1 blockchain, which means it works as the foundation for building decentralized apps (DApps). It also has a native cryptocurrency called SUI.
Created by Mysten Labs, Sui aims to fix some common issues in blockchain technology, such as slow transaction speeds and high costs, while also being user-friendly for both developers and everyday users.
Key Features
Here are some of the technical features that make Sui different from other blockchains:
Object-centric design: Unlike other blockchains that manage accounts and balances, Sui uses an object-focused system. This treats digital assets like unique objects, making it easier to build apps with more complex interactions.
Programmable Transaction Blocks (PTBs): Sui allows developers to bundle multiple actions into a single transaction block. This gives more flexibility when building apps and simplifies the process of executing complex actions.
Horizontal scaling: Sui is built to scale horizontally. This means it can handle more transactions as more users join the network without compromising security or decentralization.
Move programming language: Sui uses a programming language called Move, originally created by Facebook’s Libra project. Move is designed for managing digital assets securely and helps developers create safe and efficient applications.
User-centric design
Sui is designed with the user in mind, making blockchain more accessible with these tools:
zkLogin: This feature lets people create wallets using their existing accounts from services like Google or Apple. It removes the need for seed phrases, which can be confusing for new users.
Sponsored transactions: Developers can cover the cost of transaction fees for their users. This makes it easier for people to interact with apps without needing to hold the blockchain’s native coin.
Dynamic fields: Developers can add or remove custom fields to digital objects, making them more adaptable and enabling more complex applications.
The SUI coin
Sui has its own coin, called SUI, which has various use cases in the ecosystem:
Staking and governance: Users can stake SUI coins to support network security and earn rewards. Coin holders also get to vote on key decisions about the platform’s future.
Gas fees: Like Ethereum and other blockchains, Sui charges gas fees for transactions. These fees are paid in SUI coins and are designed to be low and consistent.
Storage fund: Part of the gas fees go into a fund to cover the costs of long-term data storage. This helps keep the network sustainable and fair for all users.
The total supply of SUI coins is capped at 10 billion units. As of December 30, 2024, SUI has a market cap of roughly $11.79 billion.
Use cases and applications
Sui’s technology opens the door to many practical applications across different industries:
Gaming: Sui enables developers to create in-game items that players can truly own, trade, or use in multiple games. This can make games more engaging and offer new revenue opportunities for creators.
Decentralized finance (DeFi): With low transaction fees and quick processing times, Sui is a strong fit for financial apps like lending, borrowing, and trading. Its built-in tools also help improve liquidity and market efficiency.
Commerce: Companies can use Sui to add digital assets to their products, which can create interactive experiences for customers and build brand loyalty.
Security and privacy
Advanced cryptography: Sui uses modern cryptographic techniques to ensure data stays secure and transactions are tamper-proof. This includes zero-knowledge proofs (ZKPs), which allow transactions to be verified without sharing sensitive information.
zkLogin: zkLogin leverages ZKPs to let users log in with existing credentials while keeping their personal data private.
Developer ecosystem
Sui provides plenty of resources to help developers build and grow within its ecosystem:
Developer Portal: A central hub with guides, tools, and software development kits (SDKs) to make building on Sui easier.
Grants and funding: Sui offers financial support for projects that contribute to its ecosystem, encouraging developers to innovate and create new apps.
Community engagement: Developers can connect with the Sui team and other builders through forums, office hours, and community events.
Closing Thoughts
Sui is a blockchain platform aiming to make decentralized apps faster, cheaper, and easier to use. With its unique features, focus on user experience, and strong support for developers, the Sui ecosystem has grown considerably in recent years, putting the project among the top 30 cryptocurrencies by market capitalization.
Further Reading
What Is Zero-knowledge Proof and How Does It Impact Blockchain?
What Is Layer 1 in Blockchain?
What Is a Crypto Wallet and How to Choose the Right One?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
ترجمة
That makes me bullish
DCR/USDT Trading Signal with High Profit Gain: Buy, Sell, and Stop Limit Targets 🎯
$DCR
{spot}(DCRUSDT)
Current Price: $15.17
Long Targets:
Target 1: $15.34
Target 2: $15.46
Target 3: $15.60
Short Targets:
Target 1: $15.10
Target 2: $14.86
Target 3: $14.66
Stop Loss: $14.95
Pro Tip:
DCR is currently consolidating within a range. A breakout above $15.30 could lead to further gains, with a target of $15.46. Keep your stop loss tight at $14.95 to minimize risk if the price breaks below support levels.
#DCR #MicroStrategyStockSale #BinanceAlphaAlert #BTC94KShowdown #BitcoinInSwissReserves
$DCR
{spot}(DCRUSDT)
Current Price: $15.17
Long Targets:
Target 1: $15.34
Target 2: $15.46
Target 3: $15.60
Short Targets:
Target 1: $15.10
Target 2: $14.86
Target 3: $14.66
Stop Loss: $14.95
Pro Tip:
DCR is currently consolidating within a range. A breakout above $15.30 could lead to further gains, with a target of $15.46. Keep your stop loss tight at $14.95 to minimize risk if the price breaks below support levels.
#DCR #MicroStrategyStockSale #BinanceAlphaAlert #BTC94KShowdown #BitcoinInSwissReserves
ترجمة
Wow
تم حذف محتوى الاقتباس
ترجمة
Szuuuu
Binance Academy
--
What Is Sui (SUI)?
Disclaimer: This article is for educational purposes only. The information provided through Binance does not constitute advice or recommendation of investment or trading. Binance does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.
Key Takeaways
Sui is a blockchain platform that uses an object-centric design and the Move programming language for secure and flexible DApp development.
User-friendly features like zkLogin and sponsored transactions simplify onboarding and interactions.
Sui's scalability and low-cost model can support applications in various industries, including gaming, DeFi, and commerce.
What Is Sui?
Sui is a blockchain platform designed to be fast, affordable, and open to anyone. Sui is a layer-1 blockchain, which means it works as the foundation for building decentralized apps (DApps). It also has a native cryptocurrency called SUI.
Created by Mysten Labs, Sui aims to fix some common issues in blockchain technology, such as slow transaction speeds and high costs, while also being user-friendly for both developers and everyday users.
Key Features
Here are some of the technical features that make Sui different from other blockchains:
Object-centric design: Unlike other blockchains that manage accounts and balances, Sui uses an object-focused system. This treats digital assets like unique objects, making it easier to build apps with more complex interactions.
Programmable Transaction Blocks (PTBs): Sui allows developers to bundle multiple actions into a single transaction block. This gives more flexibility when building apps and simplifies the process of executing complex actions.
Horizontal scaling: Sui is built to scale horizontally. This means it can handle more transactions as more users join the network without compromising security or decentralization.
Move programming language: Sui uses a programming language called Move, originally created by Facebook’s Libra project. Move is designed for managing digital assets securely and helps developers create safe and efficient applications.
User-centric design
Sui is designed with the user in mind, making blockchain more accessible with these tools:
zkLogin: This feature lets people create wallets using their existing accounts from services like Google or Apple. It removes the need for seed phrases, which can be confusing for new users.
Sponsored transactions: Developers can cover the cost of transaction fees for their users. This makes it easier for people to interact with apps without needing to hold the blockchain’s native coin.
Dynamic fields: Developers can add or remove custom fields to digital objects, making them more adaptable and enabling more complex applications.
The SUI coin
Sui has its own coin, called SUI, which has various use cases in the ecosystem:
Staking and governance: Users can stake SUI coins to support network security and earn rewards. Coin holders also get to vote on key decisions about the platform’s future.
Gas fees: Like Ethereum and other blockchains, Sui charges gas fees for transactions. These fees are paid in SUI coins and are designed to be low and consistent.
Storage fund: Part of the gas fees go into a fund to cover the costs of long-term data storage. This helps keep the network sustainable and fair for all users.
The total supply of SUI coins is capped at 10 billion units. As of December 30, 2024, SUI has a market cap of roughly $11.79 billion.
Use cases and applications
Sui’s technology opens the door to many practical applications across different industries:
Gaming: Sui enables developers to create in-game items that players can truly own, trade, or use in multiple games. This can make games more engaging and offer new revenue opportunities for creators.
Decentralized finance (DeFi): With low transaction fees and quick processing times, Sui is a strong fit for financial apps like lending, borrowing, and trading. Its built-in tools also help improve liquidity and market efficiency.
Commerce: Companies can use Sui to add digital assets to their products, which can create interactive experiences for customers and build brand loyalty.
Security and privacy
Advanced cryptography: Sui uses modern cryptographic techniques to ensure data stays secure and transactions are tamper-proof. This includes zero-knowledge proofs (ZKPs), which allow transactions to be verified without sharing sensitive information.
zkLogin: zkLogin leverages ZKPs to let users log in with existing credentials while keeping their personal data private.
Developer ecosystem
Sui provides plenty of resources to help developers build and grow within its ecosystem:
Developer Portal: A central hub with guides, tools, and software development kits (SDKs) to make building on Sui easier.
Grants and funding: Sui offers financial support for projects that contribute to its ecosystem, encouraging developers to innovate and create new apps.
Community engagement: Developers can connect with the Sui team and other builders through forums, office hours, and community events.
Closing Thoughts
Sui is a blockchain platform aiming to make decentralized apps faster, cheaper, and easier to use. With its unique features, focus on user experience, and strong support for developers, the Sui ecosystem has grown considerably in recent years, putting the project among the top 30 cryptocurrencies by market capitalization.
Further Reading
What Is Zero-knowledge Proof and How Does It Impact Blockchain?
What Is Layer 1 in Blockchain?
What Is a Crypto Wallet and How to Choose the Right One?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Key Takeaways
Sui is a blockchain platform that uses an object-centric design and the Move programming language for secure and flexible DApp development.
User-friendly features like zkLogin and sponsored transactions simplify onboarding and interactions.
Sui's scalability and low-cost model can support applications in various industries, including gaming, DeFi, and commerce.
What Is Sui?
Sui is a blockchain platform designed to be fast, affordable, and open to anyone. Sui is a layer-1 blockchain, which means it works as the foundation for building decentralized apps (DApps). It also has a native cryptocurrency called SUI.
Created by Mysten Labs, Sui aims to fix some common issues in blockchain technology, such as slow transaction speeds and high costs, while also being user-friendly for both developers and everyday users.
Key Features
Here are some of the technical features that make Sui different from other blockchains:
Object-centric design: Unlike other blockchains that manage accounts and balances, Sui uses an object-focused system. This treats digital assets like unique objects, making it easier to build apps with more complex interactions.
Programmable Transaction Blocks (PTBs): Sui allows developers to bundle multiple actions into a single transaction block. This gives more flexibility when building apps and simplifies the process of executing complex actions.
Horizontal scaling: Sui is built to scale horizontally. This means it can handle more transactions as more users join the network without compromising security or decentralization.
Move programming language: Sui uses a programming language called Move, originally created by Facebook’s Libra project. Move is designed for managing digital assets securely and helps developers create safe and efficient applications.
User-centric design
Sui is designed with the user in mind, making blockchain more accessible with these tools:
zkLogin: This feature lets people create wallets using their existing accounts from services like Google or Apple. It removes the need for seed phrases, which can be confusing for new users.
Sponsored transactions: Developers can cover the cost of transaction fees for their users. This makes it easier for people to interact with apps without needing to hold the blockchain’s native coin.
Dynamic fields: Developers can add or remove custom fields to digital objects, making them more adaptable and enabling more complex applications.
The SUI coin
Sui has its own coin, called SUI, which has various use cases in the ecosystem:
Staking and governance: Users can stake SUI coins to support network security and earn rewards. Coin holders also get to vote on key decisions about the platform’s future.
Gas fees: Like Ethereum and other blockchains, Sui charges gas fees for transactions. These fees are paid in SUI coins and are designed to be low and consistent.
Storage fund: Part of the gas fees go into a fund to cover the costs of long-term data storage. This helps keep the network sustainable and fair for all users.
The total supply of SUI coins is capped at 10 billion units. As of December 30, 2024, SUI has a market cap of roughly $11.79 billion.
Use cases and applications
Sui’s technology opens the door to many practical applications across different industries:
Gaming: Sui enables developers to create in-game items that players can truly own, trade, or use in multiple games. This can make games more engaging and offer new revenue opportunities for creators.
Decentralized finance (DeFi): With low transaction fees and quick processing times, Sui is a strong fit for financial apps like lending, borrowing, and trading. Its built-in tools also help improve liquidity and market efficiency.
Commerce: Companies can use Sui to add digital assets to their products, which can create interactive experiences for customers and build brand loyalty.
Security and privacy
Advanced cryptography: Sui uses modern cryptographic techniques to ensure data stays secure and transactions are tamper-proof. This includes zero-knowledge proofs (ZKPs), which allow transactions to be verified without sharing sensitive information.
zkLogin: zkLogin leverages ZKPs to let users log in with existing credentials while keeping their personal data private.
Developer ecosystem
Sui provides plenty of resources to help developers build and grow within its ecosystem:
Developer Portal: A central hub with guides, tools, and software development kits (SDKs) to make building on Sui easier.
Grants and funding: Sui offers financial support for projects that contribute to its ecosystem, encouraging developers to innovate and create new apps.
Community engagement: Developers can connect with the Sui team and other builders through forums, office hours, and community events.
Closing Thoughts
Sui is a blockchain platform aiming to make decentralized apps faster, cheaper, and easier to use. With its unique features, focus on user experience, and strong support for developers, the Sui ecosystem has grown considerably in recent years, putting the project among the top 30 cryptocurrencies by market capitalization.
Further Reading
What Is Zero-knowledge Proof and How Does It Impact Blockchain?
What Is Layer 1 in Blockchain?
What Is a Crypto Wallet and How to Choose the Right One?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
ترجمة
Cheers
Binance Academy
--
Binance Beginner's Guide
Key Takeaways
Binance is trusted by more than 200,000,000 users worldwide. Join our growing community by opening an account with Binance today. You can start investing or trading in minutes.
To start using Binance, create an account, verify your identity, and choose a payment method for purchasing cryptocurrencies.
Buying crypto on Binance can be done through various methods, such as credit/debit cards, bank transfers, or peer-to-peer transactions.
Remember to enhance your Binance account security by using strong passwords, enabling two-factor authentication, and setting up an anti-phishing code.
Introduction
A Binance account acts as your gateway into the world of blockchain and Web3, and is the best place to start your crypto trading journey. This guide will teach you how to get started with the Binance exchange. The steps are simple. Open an account, verify your information, choose a payment method, and get your crypto assets.
How to Create a Binance Account
Before you can buy your first bitcoin or BNB, you’ll need to open an account.
1. Head to the Binance homepage and click [Sign Up] in the front page or top right corner.
2. Input your email address and choose a secure password. If you prefer, you can also sign up using your mobile number rather than email.
3. Type the 6-digit verification code you received via email or phone number and click [Next].
4. Create a strong password with at least 8 characters, 1 number, and 1 upper case letter. Don’t share it with anyone.
5. Once you’re verified, you should now be set up with your Binance account. You’re one step closer to buying cryptocurrency, so let's dive into making your first crypto purchase.
How to Buy Crypto on Binance
Before you can buy crypto on Binance, you have to complete the identity verification process known as Know Your Customer (KYC). KYC helps us make sure you are who you claim to be and fulfill our legal requirements.
When you are done with the identity verification, you will be able to buy crypto through different methods.
1. Credit/debit card: the most straightforward option for new users.
2. Deposit funds into your Fiat and Spot wallet: Transfer fiat currency from your bank account and use it on the exchange.
3. Binance P2P: Purchase crypto directly from other users with Binance’s peer-to-peer service.
Purchasing Crypto With a Credit or Debit Card
1. Hover over [Buy Crypto] from the top menu and select [Buy & Sell].
2. Next, select the fiat currency you will be paying with and the coin you wish to purchase. Press the [Add New Card] button to proceed and add your card information.
3. Input your card details and click [Confirm]. Note that you can only use a credit or debit card that is registered in your name.
4. Double check the order details. You can check the conversion rates and fees by clicking at the three dots […] button.
5. If you have read and agree to the Terms of Use and Privacy Policy, tick the checkbox. When ready, click [Confirm] to finish your payment.
6. Once the process is complete, your purchased crypto will be credited to your Binance Spot wallet. Usually, opening an account and getting to this stage can be done within 10 minutes.
How to Trade Crypto on Binance
At some point, you will likely want to start trading cryptocurrencies. If you’re not used to a traditional trading interface, we recommend using the Binance Convert feature.
1. You can access it by hovering over [Trade] and selecting [Convert & Block Trade] from the Binance homepage.
With the Convert tool, you can pick the cryptocurrency pair you wish to trade using a simple interface. Fiat currencies are also available if you want to cash out or buy crypto with fiat.
2. Select the coin you are exchanging in the top field and input the amount. Use the bottom field to select your desired cryptocurrency or fiat currency. Note that the default setting is [Market], meaning that you will get the current market price, also known as the spot price.
3. After confirming your selection and clicking [Preview Conversion], you’ll also see a summary of the trade you’ll make.
Once you’re happy with the preview, you can click [Convert] to confirm your order.
4. If you want to create a limit order instead, select the [Limit] option at the top menu. A limit order lets you buy or sell crypto at a specific price or better.
In this example, we are placing a limit order to trade our 50 USDT for the equivalent value in BNB when the price of BNB drops to 610 USDT.
Using the Binance Spot Trading Interface
1. Find the [Trade] menu at the top and click on [Spot].
2. Next, you will find the Binance Spot trading interface.
3. On the left side, you will see the order book:
Sell orders (asks) are in red.
Buy orders (bids) are in green.
4. At the center, you will find an interactive trading chart of the selected trading pair. In this example, BTC/USDT.
5. On the right side, there is a trading pair list, which contains all available trading pairs on Binance. Use the Search function to find specific trading pairs.
6. Below the trading chart is where you can create orders to buy and sell. If this is your first time, you will have to add funds to your Spot Wallet first.
7. For example, if you are using USDT to buy BTC, you need to first add USDT to your Spot Wallet. Click the [+] icon to fund your account and choose your preferred method.
How to buy BTC with USDT
1. To start, choose an order type. With a limit order you can set a specific price (not necessarily the current price). In contrast, a market order will try to execute your order as soon as possible at the current market price.
2. If you are using a limit order, define the amount and price and click [Buy BTC].
3. You should get a notification at the top right corner of your screen. You can track your open limit orders at the bottom of your trading interface.
4. If BTC reaches the order price you specified, your order will be filled.
How to sell BTC for USDT
The process of creating selling orders is almost the same. In this case, we will use a market order to illustrate how to sell your BTC for USDT.
1. Choose your order type, set the amount, and click [Sell BTC].
2. Because we are creating a market order, the selling order will be placed immediately, and if there is enough liquidity, it will be filled instantly at the best market price.
If you are still not sure about Spot trading or want more details on how to use the Binance Spot trading interface, please check out our Binance Spot Trading Guide.
Binance P2P
Alternatively, you can use the Binance peer-to-peer marketplace to buy and sell cryptocurrencies. Binance P2P is an industry-leading P2P platform that allows buyers and sellers to choose the best price, payment method, and trading partners, all secured by Binance's escrow service.
In this section, we will illustrate how to use Binance P2P via the Binance App. For more information and a detailed view of the Binance P2P on the Web version, please check What Is Binance P2P and How to Use It?
Using Binance P2P on the Binance App
1. Open the Binance App on your mobile device and tap on the [Trade] button.
2. Select P2P Trading from the available options at the top right corner.
3. Select your preferred currency and payment method. This allows you to find the most convenient and cost-effective way to add funds to your account.
4. Follow the on-screen instructions to complete your transaction. Make sure to confirm the details and verify the counterparty before proceeding.
For more information about Binance P2P and a guide on how to use it, please check out our Binance P2P Guide.
How to Secure Your Binance Account
Using a strong password and our security features will help keep your funds safe. Make sure to start with the following security steps.
Use a strong password and change it regularly
This one is self-explanatory, but you would be choked with the number of people that still use passwords that are simple and easy to remember. Your password should always contain uppercase and lowercase characters mixed with symbols and letters. And of course, make sure you keep it safe and do not share it with anyone.
Enable Two-Factor Authentication (2FA)
We strongly recommend you set your account up with Two-factor Authentication (2FA). This creates an extra layer of security, meaning that even if hackers compromise your password, they would need access to your physical 2FA device to log in.
The Google Authenticator app or SMS authentication are great places to start. Our Binance 2FA Guide can explain more about the process.
Enable the Binance Anti-Phishing Code
When you add an anti-phishing code to your Binance account, every email you get from Binance will have this code displayed at the top. You can manually define what code it can be from a series of letters or numbers.
This way, you can be sure that the message you are receiving is actually from Binance and not from a fake email address. In other words, it helps you prevent phishing attacks.
For more information on account security, please check out Secure Your Binance Account in 7 Simple Steps.
Closing Thoughts
Opening an account and making your first trades with Binance is a small introduction to the world of cryptocurrencies. There’s a lot more to it than just buying and selling on the exchange. If you’ve never seen a trading view before, it can all look confusing at first. Binance Academy is full of trading articles and guides that can help you get started with trading tools and even create your own trading strategies.
Further Reading
Your Guide to Binance Spot Trading
What Is Binance P2P and How to Use It?
Your Guide to Binance Copy Trading
Secure Your Binance Account in 7 Simple Steps
Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Binance is trusted by more than 200,000,000 users worldwide. Join our growing community by opening an account with Binance today. You can start investing or trading in minutes.
To start using Binance, create an account, verify your identity, and choose a payment method for purchasing cryptocurrencies.
Buying crypto on Binance can be done through various methods, such as credit/debit cards, bank transfers, or peer-to-peer transactions.
Remember to enhance your Binance account security by using strong passwords, enabling two-factor authentication, and setting up an anti-phishing code.
Introduction
A Binance account acts as your gateway into the world of blockchain and Web3, and is the best place to start your crypto trading journey. This guide will teach you how to get started with the Binance exchange. The steps are simple. Open an account, verify your information, choose a payment method, and get your crypto assets.
How to Create a Binance Account
Before you can buy your first bitcoin or BNB, you’ll need to open an account.
1. Head to the Binance homepage and click [Sign Up] in the front page or top right corner.
2. Input your email address and choose a secure password. If you prefer, you can also sign up using your mobile number rather than email.
3. Type the 6-digit verification code you received via email or phone number and click [Next].
4. Create a strong password with at least 8 characters, 1 number, and 1 upper case letter. Don’t share it with anyone.
5. Once you’re verified, you should now be set up with your Binance account. You’re one step closer to buying cryptocurrency, so let's dive into making your first crypto purchase.
How to Buy Crypto on Binance
Before you can buy crypto on Binance, you have to complete the identity verification process known as Know Your Customer (KYC). KYC helps us make sure you are who you claim to be and fulfill our legal requirements.
When you are done with the identity verification, you will be able to buy crypto through different methods.
1. Credit/debit card: the most straightforward option for new users.
2. Deposit funds into your Fiat and Spot wallet: Transfer fiat currency from your bank account and use it on the exchange.
3. Binance P2P: Purchase crypto directly from other users with Binance’s peer-to-peer service.
Purchasing Crypto With a Credit or Debit Card
1. Hover over [Buy Crypto] from the top menu and select [Buy & Sell].
2. Next, select the fiat currency you will be paying with and the coin you wish to purchase. Press the [Add New Card] button to proceed and add your card information.
3. Input your card details and click [Confirm]. Note that you can only use a credit or debit card that is registered in your name.
4. Double check the order details. You can check the conversion rates and fees by clicking at the three dots […] button.
5. If you have read and agree to the Terms of Use and Privacy Policy, tick the checkbox. When ready, click [Confirm] to finish your payment.
6. Once the process is complete, your purchased crypto will be credited to your Binance Spot wallet. Usually, opening an account and getting to this stage can be done within 10 minutes.
How to Trade Crypto on Binance
At some point, you will likely want to start trading cryptocurrencies. If you’re not used to a traditional trading interface, we recommend using the Binance Convert feature.
1. You can access it by hovering over [Trade] and selecting [Convert & Block Trade] from the Binance homepage.
With the Convert tool, you can pick the cryptocurrency pair you wish to trade using a simple interface. Fiat currencies are also available if you want to cash out or buy crypto with fiat.
2. Select the coin you are exchanging in the top field and input the amount. Use the bottom field to select your desired cryptocurrency or fiat currency. Note that the default setting is [Market], meaning that you will get the current market price, also known as the spot price.
3. After confirming your selection and clicking [Preview Conversion], you’ll also see a summary of the trade you’ll make.
Once you’re happy with the preview, you can click [Convert] to confirm your order.
4. If you want to create a limit order instead, select the [Limit] option at the top menu. A limit order lets you buy or sell crypto at a specific price or better.
In this example, we are placing a limit order to trade our 50 USDT for the equivalent value in BNB when the price of BNB drops to 610 USDT.
Using the Binance Spot Trading Interface
1. Find the [Trade] menu at the top and click on [Spot].
2. Next, you will find the Binance Spot trading interface.
3. On the left side, you will see the order book:
Sell orders (asks) are in red.
Buy orders (bids) are in green.
4. At the center, you will find an interactive trading chart of the selected trading pair. In this example, BTC/USDT.
5. On the right side, there is a trading pair list, which contains all available trading pairs on Binance. Use the Search function to find specific trading pairs.
6. Below the trading chart is where you can create orders to buy and sell. If this is your first time, you will have to add funds to your Spot Wallet first.
7. For example, if you are using USDT to buy BTC, you need to first add USDT to your Spot Wallet. Click the [+] icon to fund your account and choose your preferred method.
How to buy BTC with USDT
1. To start, choose an order type. With a limit order you can set a specific price (not necessarily the current price). In contrast, a market order will try to execute your order as soon as possible at the current market price.
2. If you are using a limit order, define the amount and price and click [Buy BTC].
3. You should get a notification at the top right corner of your screen. You can track your open limit orders at the bottom of your trading interface.
4. If BTC reaches the order price you specified, your order will be filled.
How to sell BTC for USDT
The process of creating selling orders is almost the same. In this case, we will use a market order to illustrate how to sell your BTC for USDT.
1. Choose your order type, set the amount, and click [Sell BTC].
2. Because we are creating a market order, the selling order will be placed immediately, and if there is enough liquidity, it will be filled instantly at the best market price.
If you are still not sure about Spot trading or want more details on how to use the Binance Spot trading interface, please check out our Binance Spot Trading Guide.
Binance P2P
Alternatively, you can use the Binance peer-to-peer marketplace to buy and sell cryptocurrencies. Binance P2P is an industry-leading P2P platform that allows buyers and sellers to choose the best price, payment method, and trading partners, all secured by Binance's escrow service.
In this section, we will illustrate how to use Binance P2P via the Binance App. For more information and a detailed view of the Binance P2P on the Web version, please check What Is Binance P2P and How to Use It?
Using Binance P2P on the Binance App
1. Open the Binance App on your mobile device and tap on the [Trade] button.
2. Select P2P Trading from the available options at the top right corner.
3. Select your preferred currency and payment method. This allows you to find the most convenient and cost-effective way to add funds to your account.
4. Follow the on-screen instructions to complete your transaction. Make sure to confirm the details and verify the counterparty before proceeding.
For more information about Binance P2P and a guide on how to use it, please check out our Binance P2P Guide.
How to Secure Your Binance Account
Using a strong password and our security features will help keep your funds safe. Make sure to start with the following security steps.
Use a strong password and change it regularly
This one is self-explanatory, but you would be choked with the number of people that still use passwords that are simple and easy to remember. Your password should always contain uppercase and lowercase characters mixed with symbols and letters. And of course, make sure you keep it safe and do not share it with anyone.
Enable Two-Factor Authentication (2FA)
We strongly recommend you set your account up with Two-factor Authentication (2FA). This creates an extra layer of security, meaning that even if hackers compromise your password, they would need access to your physical 2FA device to log in.
The Google Authenticator app or SMS authentication are great places to start. Our Binance 2FA Guide can explain more about the process.
Enable the Binance Anti-Phishing Code
When you add an anti-phishing code to your Binance account, every email you get from Binance will have this code displayed at the top. You can manually define what code it can be from a series of letters or numbers.
This way, you can be sure that the message you are receiving is actually from Binance and not from a fake email address. In other words, it helps you prevent phishing attacks.
For more information on account security, please check out Secure Your Binance Account in 7 Simple Steps.
Closing Thoughts
Opening an account and making your first trades with Binance is a small introduction to the world of cryptocurrencies. There’s a lot more to it than just buying and selling on the exchange. If you’ve never seen a trading view before, it can all look confusing at first. Binance Academy is full of trading articles and guides that can help you get started with trading tools and even create your own trading strategies.
Further Reading
Your Guide to Binance Spot Trading
What Is Binance P2P and How to Use It?
Your Guide to Binance Copy Trading
Secure Your Binance Account in 7 Simple Steps
Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
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