Posts

What Are The Components Of Blockchain?

Image
Scientifically speaking, a blockchain is a collection of blocks connecting data in a sequence. The block is a collection of data and information collected in a block and hash of the previous block. When a new block attaches to this chain, they act as connectors forming a blockchain. In other words, Blockchain is stored in a ledger that records and stores in this record-keeping book (Ledger), which is obtainable to everyone but is unalterable. Thus making it perfectly safe and secure. Components Of Blockchain 1) NODES: There are two types of nodes FULL NODE: It maintains the full-length form of the Ledger. It can approve, deny, and certify the transactions. PARTIAL NODE: It maintains the polished form of the Ledger. These nodes have low storage value and keep only the value transactions. 2) LEDGER: A ledger is a collection of data that reflects the results of all the transactions. It shows the state of the Ledger of a particular time and date, when and where the transactions are evol...
Post a Comment
Read more

What Are The Security Features Of LocalBitcoins Clone Script?

Image
There are several security features available on LocalBitcoins Clone Script to allow traders to buy and sell Bitcoins confidently. The platform offers multiple layers of security to monitor and protect transactions within the exchange. The security features are:– Escrow Services At the time of the trade, LocalBitcoins holds Bitcoins in its funds through an Escrow account. LocalBitcoins does not store any funds or crypto in its wallet. These funds are safely released from the Escrow account when the seller confirms the trade and completes it. Reputation and Ranking Not every trader is allowed to trade on LocalBitcoins. Buyers should take a look at the seller’s transaction history. Only those with ranking or ratings for reputation and a good history in their trading activities with other parties belong to the platform. Login Safety and Protection Every time a user logs in to the LocalBitcoins platform, it confirms whether it is on the same web browser. In the case of a different web brow...
Post a Comment
Read more

Binance Introduces Auto Burn Protocol

Image
Binance officially announced the implementation of a new Binance Coin (BNB) Auto-Burn protocol to replace its current quarterly burn mechanism.  In response to the requests of the BNB community, Binance changed its quarterly burning protocol for BNB tokens. According to Binance, this will provide more “transparency and predictability” to its community. With this, BNB will be burned automatically based on a formula consisting of on-chain data of total blocks generated and the average price of BNB. At the moment, there are two burning mechanisms for BNB. One is the real-time burning of a percentage of gas fees on the Binance Smart Chain. The second is the quarterly burn based on Binance’s Accelerated Burn Program, which the BNB Auto-Burn mechanism would replace. Since the launch of BNB, Binance has committed to burning 100 million BNB, which is half of the original total supply. When the total circulating supply of BNB goes below 100 million, the Auto-Burn will be discontinued. In th...
Post a Comment
Read more

Latest Updated Features Of LocalBitcoins Clone Script

Image
LocalBitcoins, the world’s oldest and largest peer-to-peer Bitcoin marketplace. Sellbitbuy offers end-to-end solutions for creating reliable Localbitcoins trading app for android and iOS platforms. Our LocalBitcoins Clone Script is packed with existing plus additional features and encrypted security protocols. Key Features LocalBitcoins Clone Script The app appears to offer the same functionality as the platform’s desktop version.  Key features on the LocalBitcoins Clone Script include: Buy and sell Bitcoin everywhere in an easy, fast and secure way Multi-language functionality with over 190 countries supported Multi-language user support Zero fees for user-to-user transactions Almost all global currencies supported Over 100 different payment methods supported Bitcoin wallet free of charge High security along with biometric and two-factor authentication Low fees: No deposit fees, no transaction fees between users. A 1% escrow fee from advertisers and a withdrawal fee always b...
Post a Comment
Read more

NFT Gaming Revolution

Image
These are people who are true believers in NFTs, blockchain, and play-to-earn, and I know that many of them have been immersed in these ideas for many years. They’re not fly-by-night people. NFTs use the transparent and secure digital ledger of blockchain to authenticate unique digital items. By enabling game developers to find a new source of revenue — auctioning off rare items for high values and reselling them as well — they hope to bring a new business model to gaming that is as revolutionary as free-to-play was for Facebook games, massively multiplayer online games, mobile games, and eventually all games. Anything with collectibles — art, trading cards, card games, and just about any video games — can use NFT technology to create items that are scarce instead of digital items that can be ripped off with abandon. An NFT is no different from money. If you believe in it, then it’s real. And it’s something that gamers themselves can profit from. At the party I attended, everybody beli...
Post a Comment
Read more

What Are The Security Features Of LocalBitcoins Clone Script?

Image
LocalBitcoins is one of the largest and safest peer-to-peer crypto exchange services based in Finland. It helps match Bitcoin buyers with suitable sellers who live in the same region enabling face-to-face and online transactions. Buyers and sellers can post their advertisements stating their payment methods and exchange rates for buying or selling Bitcoins. Others can respond to the advertisements based on their requirements and initiate the trading process. LocalBitcoins also functions as an escrow that ensures secure and fair transactions made by its users.  Security Features Of  LocalBitcoins Clone Script  There are several security features available in our LocalBitcoins Clone Script to allow traders to buy and sell Bitcoins confidently. The platform offers multiple layers of security to monitor and protect transactions within the exchange. The security features are:– Escrow Services Reputation and Ranking Login Safety and Protection Privacy Pin Verification Two-Fact...
Post a Comment
Read more

Binance Smart Chain Development - An Introduction

Binance Smart Chain is an innovative solution to bring programmability and interoperability to Binance Chain. The Binance Smart Chain also supports EVM-compatible smart contracts and protocols. Cross-chain transfer and other communication are possible due to native support of interoperability. This dual-chain architecture will be ideal for users to take advantage of the fast trading on one side and build their decentralized apps on the other side. The Binance Smart Chain will be: A self-sovereign blockchain: Provides security and safety with elected validators. EVM-compatible: Supports all the existing Ethereum tooling along with faster finality and cheaper transaction fees. Interoperable: Comes with efficient native dual chain communication; Optimized for scaling high-performance dApps that require fast and smooth user experience. Distributed with on-chain governance: Proof of Staked Authority brings in decentralization and community participants. As the native token, BNB will ser...
Post a Comment
Read more