๐น Gas fees are small costs you pay when executing any transaction on the blockchain (like sending currency or buying an NFT).
But why are these fees paid? ๐ค โ Simply put: they are given to miners or processors as a reward for running the network and verifying transactions.
๐ Fees vary from one network to another:
On the Ethereum network, fees can sometimes be high.
On the BSC or Polygon network, they are considered very low.
โ๏ธ Have you ever paid high gas fees? Share your experience with me ๐
Did you know that thousands of users are earning from Binance without the need for trading or a large capital?
๐ Hereโs a simple way:
1. Activate the daily tasks in the Simple Earn section or Binance Academy.
2. Participate in free competitions on the app.
3. Keep an eye on the Rewards Center to be surprised by exclusive offers.
Start with small steps, but steadily. Success in crypto isn't always about buying and selling... sometimes intelligence is knowing where the opportunities are! ๐ก๐
โฌ๏ธ Share your experience with me: Have you tried any of these methods? Or do you have a better way to earn? ๐
๐ข A way to earn from Binance without risking your money!
Do you know the "Learn and Earn" program from Binance? ๐๐ฐ It's simply: you learn information about a new cryptocurrency, then answer some questions... and earn free tokens ๐ชโ
โ No purchase required โ No risk โ Available to everyone
Sign up in the "Earn" section then Learn and Earn
๐ป A question for you: Have you tried this program? How much have you earned from it? ๐ค
๐น Blockchain is a public digital ledger, like an unalterable record, used to record transactions.
โ Every transaction is verified by a network of computers. โ After verification, it is added to a "block," and the blocks are linked together to form a "chain of blocks" or blockchain. โ No information recorded in the blockchain can be deleted or modified.
๐ The result? A transparent, decentralized, and secure system ๐ก
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๐จ Discussion question: Do you think governments could adopt blockchain for recording contracts and official documents?
๐ What is the difference between Bitcoin and Ethereum?
๐ธ Bitcoin (BTC) is the first digital currency that appeared in 2009, and its main goal is to be a digital alternative to money and payment systems.
๐ธ Ethereum (ETH) was launched in 2015, and it is considered a platform for running smart contracts and decentralized applications, not just a currency.
โณ๏ธ Some key differences:
โข Bitcoin is slower than Ethereum in transactions โข Bitcoin consumes more energy because it operates on Proof of Work โข Ethereum has become more efficient after its transition to Proof of Stake โข Bitcoin's goal: digital money โข Ethereum's goal: running decentralized applications on the blockchain
๐ง Discussion question: If you only had $1000... Would you prefer to invest it in BTC or ETH? And why?
๐ง You often hear the word "HODL" in the crypto world, but do you know its true meaning?
๐น The origin of the word came from a typo of the word "HOLD" (which means to keep). In 2013, someone wrote on a Bitcoin forum:
> "I AM HODLING" Instead of "I am holding".
๐จโ๐ป Since that day, "HODL" has become a symbol for investors who do not sell their coins no matter how low the market goes. It means: "Buy and hold, do not sell in panic".
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๐ฅ Are you the HODL type? Or do you prefer to buy and sell based on the market? Share your opinion with me!