Studied subject in Electronic and Communication, Worked engineering field since out college. Interested in Green Ecosystem, Renewable and Sustainable. Thanks.
NEAR Protocol is a decentralized application platform designed to make apps similarly usable to those on today’s web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to provide dynamic scalability and stabilizes fees.
In cryptocurrency, "burning" refers to the permanent removal of tokens from circulation, effectively reducing the total supply. This is achieved by sending tokens to a special, inaccessible "burn address," making them unusable and unrecoverable. The primary goal is to create scarcity, potentially increasing the value of the remaining tokens.
Here's a more detailed explanation:
How it works:
When tokens are burned, they are sent to a unique wallet address (also known as a "burn address," "eater address," or "null address") that has no private key and cannot be accessed to retrieve or spend those tokens.
Reduced Supply, Increased Value: Burning tokens reduces the total supply, and if demand remains the same or increases, the price of the remaining tokens can rise due to the basic economic principle of supply and demand.
Demonstrating Commitment: Token burning can be a way for project developers to show their commitment to the long-term health and value of the cryptocurrency, potentially attracting more investors.
Proof-of-Burn (PoB): In some cases, burning is used as a consensus mechanism, where users burn tokens to gain the right to validate new blocks on the blockchain.
Not Guaranteed:
While burning can potentially increase token value, it's not a guaranteed outcome. The value of a cryptocurrency is influenced by many factors, including market sentiment, adoption, and overall market conditions.
$BTTC
Alternative to burning to increase its values, find usecases and taking initiative to introduce everyone in earth bring them in Bittorrent Chain as invester.
This is not your investment advice and you must do your own research before spend very few amount...
Bitcoin.org says....Bitcoin is an innovative payment network and a new kind of money.
this website says more as in further reading...
Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
Here everyone witnessed Bitcoin values started from nothing to now very big amount...
BTC Today Platform Concentration is 0.68
BTC, beginning of Crypto which will continue to push many new Crypto to infinite growth to this cutting edge technology...
Buy at low, buy at low, and again buy at low. Sell at high part of your total buy. Take back your investment. and remaining to keep with you... repeat this again and again till you grow...
this is not your investment advice. DYOR friends.
Help your nearest one whatever possible way..
take small initiatives to make earth best place to work, live and enjoy.
you can buy btc by click below...
$BTC
You can buy and sell BTTC by just clicking below link...
A measure of how concentrated the token is on Binance. It ranges from 0-100, where the higher concentration indicates a few participants tend to dominate the market and a relatevely largre share of the token's circulating supply is being traded.
BitTorrent Chain (BTTC) is a blockchain platform that integrates with the BitTorrent ecosystem, enabling fast, secure, and scalable transactions. Here are some key features and benefits:
Key Features 1. *Cross-chain compatibility*: BTTC supports multiple blockchains, allowing for seamless interactions between different networks. 2. *High scalability*: BTTC's architecture enables high transaction throughput, making it suitable for large-scale applications. 3. *Decentralized finance (DeFi)*: BTTC supports various DeFi use cases, such as lending, borrowing, and yield farming. 4. *Token bridging*: BTTC enables token bridging between different blockchains, allowing users to transfer assets between networks.
Benefits 1. *Fast transactions*: BTTC's high scalability and optimized architecture enable fast transaction processing times. 2. *Low fees*: BTTC's transaction fees are competitive and affordable, making it an attractive option for users. 3. *Decentralized applications (dApps)*: BTTC supports the development of dApps, enabling developers to build innovative applications on the platform. 4. *Community engagement*: BTTC has an active community of users and developers, contributing to the platform's growth and adoption.
Use Cases 1. *Decentralized file sharing*: BTTC's integration with BitTorrent enables decentralized file sharing and storage. 2. *DeFi applications*: BTTC's support for DeFi use cases enables users to participate in lending, borrowing, and yield farming. 3. *Gaming and NFTs*: BTTC's fast transaction processing times and low fees make it suitable for gaming and NFT applications.
Overall, BitTorrent Chain offers a range of benefits and use cases, making it an attractive option for users and developers interested in blockchain technology and decentralized applications.
BitTorrent Chain (BTTC) is a blockchain-based platform that enables fast, secure, and scalable transactions. It's designed to work with the BitTorrent ecosystem, allowing users to participate in decentralized applications (dApps) and earn rewards.
Some key aspects of BTTC include:
1. *Cross-chain compatibility*: BTTC supports multiple blockchains, enabling seamless interactions between different networks. 2. *High scalability*: BTTC's architecture allows for high transaction throughput, making it suitable for large-scale applications. 3. *Decentralized finance (DeFi)*: BTTC enables various DeFi use cases, such as lending, borrowing, and yield farming.
if you know more about Bittorent Chain? Do please comment....