How to Create a Wallet on Binance: Step-by-Step Guide.
Binance is one of the largest global platforms for cryptocurrency trading and storage. To start working with digital assets, you need to create a Binance wallet. This process is simple and will not cause difficulties even for beginners. In this guide, we'll explain what a Binance wallet is, how to create and protect it, and what common mistakes to avoid. What is a Binance Wallet? Binance provides a built-in wallet that allows users to store digital assets and conduct transactions. It
How to Create a Wallet on Binance: Step-by-Step Guide.
What is DeFi?
DeFi (Decentralized Finance) is a new financial system that works on the basis of blockchain technology. It allows users to access financial services without having to contact banks or other financial institutions. How does DeFi work? DeFi uses smart contracts-programs that automatically fulfill the terms of a transaction when certain conditions are met. This makes the process more transparent and secure. Users can take out loans, lend money, exchange currency, and even earn interest on their
First successful NFT collection
CryptoPunks project, launched in 2017. CryptoPunks is a collection of 10,000 unique avatars, each with its own unique characteristics. The project was developed by the Larva Labs team and implemented on the Ethereum platform. Avatars were created using generative Adversarial networks (GAN) technology, which allows you to create unique images based on the specified parameters. CryptoPunks quickly became popular with collectors and investors alike. The cost of some avatars has reached several
NFT
What is NFT?
NFT (Non - Fungible Token — is a non-fungible token that is a unique digital certificate confirming ownership of a specific digital asset. How does NFT work? NFTs use blockchain technology to create unique digital certificates that cannot be forged or copied. Each NFT has its own unique identifier, which makes it unique and non-replaceable. The owner of an NFT can sell, buy, and exchange it just like any other asset. To work with NFT, special platforms are used where you can create, sell and
NFT
What is Ethereum?
Ethereum is a platform for creating decentralized applications (dApps) and smart contracts based on blockchain technology. It allows developers to create their own applications that run on a distributed network of computers, rather than on a single server. This makes them more reliable and resistant to censorship and hacker attacks. Key Features of Ethereum: Decentralization. Ethereum operates on the basis of a decentralized network, where there is no central authority. All members of the
Ethereum: what is it and how does it work?
What is Ethereum? Ethereum is a platform for creating decentralized applications (dApps) based on blockchain technology. A blockchain is a distributed database that stores information in the form of blocks linked together. Each block contains data about the previous block, which ensures the security and transparency of the system. How does Ethereum work? Ethereum is based on smart contract technology. A smart contract is a computer code that automatically fulfills certain conditions when the
How does Bitcoin work in simple terms?
What is Bitcoin and how does it work? Bitcoin is the first and most popular cryptocurrency in the world. A cryptocurrency is a digital currency that uses cryptography to secure transactions and control the creation of new units of currency. How does Bitcoin work? Mining: Bitcoins are created through a process called mining. Miners use powerful computers to solve complex mathematical problems. When the problem is solved, the miner receives a certain amount of bitcoins as a reward. This process
What is Bitcoin?
Bitcoin is the first and most popular cryptocurrency that works on the basis of blockchain technology. Cryptocurrency is a digital currency that can be used to purchase goods and services online. A blockchain is a distributed database that stores information about all bitcoin transactions. How does Bitcoin work? Bitcoins are created and transferred using special programs and devices. To create new bitcoins, a process called mining is used. Miners solve complex mathematical problems to add new
Non-custodial wallets
What are non-custodial wallets? A non-custodial wallet is a digital tool for storing and managing cryptocurrencies that provides users with full control over their funds. Unlike custodial wallets, where a third party (for example, an exchange or service) stores users ' private keys, in a non-custodial wallet, private keys are stored on the user's device. This provides a high level of security and privacy, but also requires the user to be more responsible for their funds. How
What is DEX?
DEX (from English. decentralized exchange is a decentralized exchange that allows users to exchange cryptocurrencies without intermediaries. Unlike centralized exchanges, where all transactions pass through a single server, on DEX users interact directly with each other. This provides a higher level of security and privacy. How does DEX work? On DEX, users can create orders to buy or sell cryptocurrencies. When the order of another user meets the conditions of your order, the exchange takes
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