BNB Blockchain Ecosystem (midjourney image by author)
It’s nothing new that blockchain technology is revolutionizing the way we do business. Lets take a look behind the scenes into one of the Layer1 Protocols that are making big waves and potential for cryptocurrency investors.
In later posts we’ll detail the Layer2 Tokens and Apps that are being created on the BNB Ecosystem.
One of the most exciting applications of blockchain technology is the development of decentralized applications (dApps) powered by a blockchain-based platform called Binance Smart Chain (BNB).
BNB is a low-cost, high-speed platform designed to facilitate the development and deployment of dApps. In this article, we will discuss the features and benefits of BNB and how it can be used to create and deploy dApps.
What is BNB Chain Ecosystem?
Binance BNB Chain (BNB) is a blockchain-based platform developed by the leading cryptocurrency exchange Binance. It is a low-cost, high-speed platform designed to facilitate the development and deployment of dApps. BNB is a public, permissionless blockchain that is compatible with the Ethereum Virtual Machine (EVM). This allows developers to easily port their existing Ethereum-based dApps to BNB. BNB also supports the Binance Chain Protocol, which enables the development of new dApps that we’ll feature in future posts.
BNB offers a number of benefits to developers and users. Some of these benefits include:
1. Low Transaction Costs: BNB has extremely low transaction costs compared to other blockchains. This makes it ideal for dApp developers who need to keep their costs low.
2. High Transaction Speed: BNB is capable of processing thousands of transactions per second. This makes it ideal for dApps that require high transaction throughput.
3. Security: BNB is a public, permissionless blockchain, which means that it is highly secure and resistant to malicious attacks.
4. Decentralization: BNB is a decentralized platform, which means that it is not controlled by any single entity. This ensures that dApps built on BSC are decentralized and secure.
What’s Next For the BNB Ecosystem
Binance Smart Chain (BNB) is a low-cost, high-speed platform designed to facilitate the development and deployment of dApps.
BNB offers a number of benefits to developers and users, including low transaction costs, high transaction speed, security, and decentralization.
BNB is an exciting platform that has the potential to revolutionize the way we do business.
Frequently Asked Questions
Q: What is a blockchain? A: A blockchain is an immutable, distributed ledger technology that securely records transactions across a network of computers. It was first developed for the cryptocurrency Bitcoin but has since been adapted for other applications.
Q: What is the purpose of a blockchain? A: Blockchains are used to secure transactions and track data without the need for a centralized system. They provide a secure, reliable and cost-effective way to store, transfer and track digital assets.
Q: Why is a blockchain designed for low-cost, high-speed transactions? A: A blockchain is designed to be faster and more cost-effective than traditional banking methods. By using a decentralized ledger, the system can process transactions nearly instantaneously and with minimal costs. Additionally, it eliminates the need for trusted third parties like banks, saving both time and money.
Key Trading Tips To Remember
We have been giving away our proven crypto trading plan PDF since 2015. Join thousands of people and learn to profit from trend trading. Sign up for the Free Crypto Trading Plan PDF or learn about our Altcoin Season Indicator.
The introduction of Ethereum (ETH) in 2015 has revolutionized the world of blockchain technology. Ethereum is a blockchain-based platform that enables the development of decentralized applications (dApps) and smart contracts.
It is the world’s leading blockchain platform, and it is the foundation for a new wave of applications and services that are transforming the way we interact with the digital world.
What is Ethereum?
Ethereum is an open source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called “ether”, which can be transferred between accounts and used to compensate participant nodes for computations performed.
Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale that took place between July and August 2014. The system went live on 30 July 2015, with 11.9 million coins “premined” for the crowdsale.
How Does Ethereum Work?
Ethereum is based on the concept of distributed computing and smart contracts. A smart contract is a computer protocol intended to facilitate, verify, or enforce the negotiation or performance of a contract. Ethereum enables developers to build and deploy decentralized applications.
The Ethereum platform is powered by ether, a cryptocurrency which is transferred between accounts and used to compensate participant nodes for computations performed. The system is secure thanks to cryptography and each node is connected to the blockchain through a client that performs the task of validating and relaying transactions.
Smart contracts are written in a high-level language and compiled down to EVM bytecode, which is then deployed to the Ethereum blockchain for execution. Contracts are stored publicly on every node of the blockchain, which has costs.
Benefits of Ethereum
Ethereum offers a number of advantages over other blockchain platforms. It is the first platform to introduce smart contracts, allowing developers to create more complex decentralized applications beyond just a currency.
Ethereum also provides a more secure platform than other blockchain networks, as it uses advanced cryptography and a consensus algorithm to validate transactions. This makes Ethereum more resistant to fraud and censorship.
Ethereum is also more scalable than other blockchain networks. It can process more transactions per second than Bitcoin, and it is capable of handling a larger number of transactions.
Conclusion
Ethereum is a revolutionary blockchain platform that has opened up a world of possibilities for developers. It is the first platform to introduce smart contracts, allowing developers to create more complex decentralized applications beyond just a currency. It is also more secure, more scalable, and more resistant to fraud and censorship than other blockchain networks. Ethereum is set to revolutionize the way we interact with the digital world, and it is sure to have a major impact in the years to come.
Frequently Asked Questions
Q. What is a blockchain platform? A. A blockchain platform is a distributed digital ledger that is decentralized and immutable. It records data in a transparent, secure, and verifiable way, making it an ideal technology for enabling transparent and trustless transactions.
Q. What is a smart contract? A. A smart contract is a computer protocol that automates the performance of a contract. It allows users to create and execute contracts that are both secure and self-executing, meaning that once certain conditions have been met, specific actions are triggered without the need for a middleman.
Q. What are some of the applications of a blockchain platform? A. Blockchain platforms are being used for a wide variety of applications, such as: • Decentralized Identity (DID) • Supply Chain Management • Digital Voting • Payment Services • Cryptocurrency • Insurance • Digital Asset Management • Copyright Management • IoT Applications • Stablecoins • Investment Platforms
Q. What are the benefits of using a blockchain platform? A. There are a number of benefits of using a blockchain platform, which include: • Increased Security – Blockchains are highly secure because of cryptography and decentralized consensus mechanisms. • Improved Transparency – Data stored on a blockchain platform is immutable and can be viewed by all parties on the network, making it more transparent. • Speedy Transactions – Transactions on blockchains can occur at a much faster rate than those that happen through traditional methods. • Reduced Cost – Blockchain technology eliminates the need for a third-party and thus reduces transaction fees. • Robust Traceability – Data on a blockchain is immutably stored, which allows for robust traceability of all transactions.
Key Trading Tips To Remember
We have been giving away our proven crypto trading plan PDF since 2015. Join thousands of people and learn to profit from trend trading. Sign up for the Free Crypto Trading Plan PDF or learn about our Altcoin Season Indicator.
Bitcoin (BTC) is the world’s first and most well-known cryptocurrency, enabling peer-to-peer digital transactions. It is known for its security and decentralization, allowing users to transact without the need for a central authority. Bitcoin has become increasingly popular over the years, and is now accepted by many merchants as a form of payment. In this article, we will explore the history, features, and use cases of Bitcoin, and why it has become so popular.
What is Bitcoin?
Bitcoin is a decentralized digital currency that can be used to make payments without the need for a central authority. It is based on a distributed ledger system called the blockchain, which records and verifies all transactions. Bitcoin is created through a process called mining, where computers solve complex mathematical problems to generate new coins. Bitcoin is stored in digital wallets, and can be sent and received through the Bitcoin network.
History of Bitcoin
Bitcoin was created in 2009 by an anonymous person or group of people known as Satoshi Nakamoto. The goal of Bitcoin was to create a decentralized, secure, and censorship-resistant digital currency. Bitcoin was initially used as a form of payment for goods and services, and quickly gained traction due to its low transaction fees and fast transaction speeds.
Features of Bitcoin
Bitcoin has several features that make it attractive to users. It is decentralized, meaning that it is not controlled by any government or central authority. It is also secure, as all transactions are recorded on the blockchain and are immutable. Bitcoin also has a limited supply, making it a scarce digital asset. Additionally, Bitcoin transactions are fast and have low fees, making it an attractive option for making payments.
Uses of Bitcoin
Bitcoin can be used for a variety of purposes. It can be used as a store of value, as it is a scarce digital asset with a limited supply. It can also be used as a medium of exchange, as it is accepted by many merchants as a form of payment. Additionally, Bitcoin can be used as a speculative asset, as its price is highly volatile and can be used to make profits.
Conclusion
Bitcoin is the world’s first and most well-known cryptocurrency, enabling peer-to-peer digital transactions. It is known for its security and decentralization, allowing users to transact without the need for a central authority. Bitcoin has several features that make it attractive to users, including its decentralization, security, limited supply, and low transaction fees. It can be used as a store of value, a medium of exchange, and a speculative asset. As Bitcoin continues to gain traction, it is likely to become even more popular in the future.
Frequently Asked Questions
Q: What is cryptocurrency? A: Cryptocurrency is a digital asset designed to work as a medium of exchange that utilizes strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.
Q: What is the most well-known cryptocurrency? A: The most well-known cryptocurrency is Bitcoin, which was the first cryptocurrency to be created and is the most established digital asset around.
Q: What makes cryptocurrency so secure? A: Cryptocurrency is decentralized, meaning that no single entity has control over it, making it difficult for outside actors to manipulate or interfere with it. Also, its primary security features are based on strong encryption, meaning that only those with the correct encryption keys will be able to access the asset or participate in the transaction.
Q: How do I buy cryptocurrency? A: You can purchase cryptocurrency through online marketplaces or exchanges, that match buyers and sellers of the digital asset. You can also use online wallets to store and buy cryptocurrencies.
Key Trading Tips To Remember
We have been giving away our proven crypto trading plan PDF since 2015. Join thousands of people and learn to profit from trend trading. Sign up for the Free Crypto Trading Plan PDF or learn about our Altcoin Season Indicator.
The highly-anticipated Altcoin Season Indicator is finally available on GumRoad, and it’s a total game-changer. Here’s why this is the most exciting news in crypto trading right now!
Say goodbye to common trading mistakes like hesitation and early profit-taking. The indicator and automation will eliminate human errors, ensuring you make the most out of every trade.
First I’ll share the successful history of this trading approach
I’ll share some of my $500,000 profit reports
I’ll show you the trading indicator research and development
I’ll explain why I am firing myself as a trader
I’ll detail the automated backtesting with thousands of settings
I’ll share how the big data is fine-tuned with Artificial Intelligence
I’ll give tips on how I am automating for Altcoin Season Profits
Trading the BTC/USDT pairs against the US DOLLAR is a standard measure.
The following charts demonstrate how our trading indicator handled the recent bull waves in Bitcoin price.
How our indicator exited bitcoin after the top in 2022How our indicator signals matched Bitcoin Bull Market phases in 2023
When Should We Hold Altcoins?
We can also trade altcoins against their us dollar value. This is a good strategy while Bitcoin Dominance is rising and Bitcoin price is dropping or sideways.
However, when it is Altcoin Season – that means that Bitcoin price is rising and Bitcoin Dominance is dropping. This tells us that more money is coming into the altcoins than into Bitcoin.
➤ While Bitcoin price is rising and Bitcoin Dominance is dropping, we can grow our Bitcoin holdings faster by holding a select group of altcoins.
Inside Bitcoin Dominance
By analyzing all of the ALT/BTC pairs against a standard EMA cross, we can plot the daily data from 300 coins, and we can visually can see the shifts in the Altcoin Season trends.
When Altcoin Season trends begin to shift, the coin charts will naturally organize into a bell-curve of the best cryptocurrencies setting up.
➤ The daily data from the AltSeason CoPilot Spreadsheet provides an invaluable insiders view of Bitcoin Dominance.
From Zero in 2015 to 500k in 2018
For example, back in 2015 I had started trading the 1-2-3 pattern with the 60/20 EMA cross on the 12 hour bars. And it works wonders. (get the free PDF and learn the entire trading plan)
From 2015 until 2017 I was able to earn and grow a nice stack of crypto with many small holdings.
I was not prepared for the HUGE profits that rolled in that year!
I’d never made that much money so fast before!
And in fact, during this amazing year, I made a $500,000 trading mistake because I did not understand the significance of Bitcoin Dominance.
$500k Trading Mistake Drives Research
Knowing that I could have turned my money into well over a million dollars if I had known one simple concept – I worked manically on the development of the AltSeason CoPilot Spreadsheet.
Together with my dedicated partner Sandra, we have manually updated the spreadsheet on 300 coins… for over 1570 days.
Manually marking the Altcoin Season Indicator trading signals into a spreadsheet so we can get a daily snapshot of where every crypto is standing.
As we plot the daily totals over time, the inside view of Bitcoin Dominance so we can identify the early coins in the bell curve as the momentum of altcoin season is beginning and ending.
Altcoin Season index showing the change in ALERT, HOLD and PARTIAL HOLD status coins over time.
Early Automated Trading Success
The trading system was automated on Zignaly for a time in 2020 and caught some amazing percentage gains in one of the waves of Altcoin Season back then.
But even though the general system has proven itself to work well for altcoin season after altcoin season, there was no way for me to test every different EMA setting against every different time frame setting…
My system ‘worked’ and I was practicing my trading skill to working the system.
The Spreadsheet Did Better Than Me
Since we designed the spreadsheet in 2019, year after year- for every single altcoin season without exception the AltSeason CoPilot has out-performed my own personal trading.
At first, this was a source of great distress.
Yet as a result of years of intense study I’ve been able to pinpoint many of my own trading mistakes.
Profitable Indicator Reveals My Errors
➤ My biggest trading mistake is to second guess the entries and not take action.
Why Does This Happen?
If my trades are small, then the risk is small – but it takes a lot of time to be getting back into coins that don’t give a clean breakout.
And, because I can never know which coins will do a good breakout, I get discouraged by the fakeouts and then I don’t take action and I miss the good ones.
By automating this stage of the trade, I can have my bot take that small action for me and it can do the work of managing risk and starting again and again when needed.
➤My second biggest trading mistake is taking profits too soon.
Why Does This Happen?
I get fearful that I’ll loose this profit like so many of the other fakeouts… so I take the profit to ensure that I have it – only to watch the market continue on without me.
Worse – later I’ll check back only to find out that the AltSeason CoPilot handled the volatility correctly and the spreadsheet made the gains that I missed.
If I trade small enough in many markets, I can be less emotionally attached to the success of any one coin.
By automating the trade management, I don’t micro manage the position while the trend surges and then comes back to test support.
Eliminate Common Trading Mistakes
When I put together the mistake of missing good entries and then the mistake of taking profits too soon – and I reflect on the human reasoning for those errors…
I can see that these biases and mistakes will certainly be a part of my future trades even though I am aware of them.
And – since the damn spreadsheet was doing better than my own trading through each cycle of the altcoin seasons… my ego finally let go of the need to be right about the price predictions.
Time to surrender to the better player (and make more money)
My conclusion is that the trend trading system really works.
Yet after becoming very clear about my own trading mistakes, I realize that I’ll never be able to clear some natural biases that a trading bot does not have.
So now that I’m going to automate, it’s time to test thousands of variations of the trading indicator to find our for sure if the 12 hour charts are better or maybe the 4 hour charts are better? Maybe the 1 hour charts may give us the best return.
What Are The Best Settings?
Optimizing The Indicator.
With the TradingView Strategy Finder Chrome extension you can fine-tune your TradingView strategies and maximize your profits.
The AltSeason CoPilot is essential for verifying the overall trend, yet it has never been optimized for the best performance until recently.
I used the TradingView Strategy Finder to systematically test hundreds of combinations across dozens of coins to find and verify the optimal settings.
Even though the Strategy Finder can process 135 different variations in under ten minutes, gathering all the optimization data required a few days of research.
As the data came in I would jump to the best settings with one click – and take a look to see where the entry and exit signals display on the chart in the Strategy Tester.
➨ Automated Backtesting Data
Then I exported the CSV of the data for everyone who purchases the optimized altcoin season indicator.
➨ AI Data Crunching
And now I’m seeking help to have artificial intelligence tools like ChatGPT to review the data and give us an overall perspective on the best average representative settings that we could use for our upgraded and optimized diversified approach.
and that I can work it pretty well –
Here Are Some Data Highlights
Deep Data Comparison
After running thousands of scans – importing and sorting the raw optimization data we can quickly see that the Percentage Gain is not the only important data.
We can manually sort and compare the number of trades, the percentage of trades that were profitable, the profit factor and the drawdown as part of our larger comparison of the best settings for the Altcoin Season Indicator.
Here we can see similar percentage gains, but the optimal setting will trigger fewer trades and provide a higher percent profitable ratio which ultimately reduces trading costs.
Again and again the Optimization Spreadsheet details critical insights that will improve my trading results even better than I could achieve in the past!
The indicator is the culmination of years of research and development.
Not only has it been backtested with thousands of settings, but now I am on the path to provide our complete data set to GPT-Trainer and learn how to use AI Tools to fine-tune the very best trade settings using Artificial Intelligence.
Now the Altcoin Season Indicator is ready.
The indicator optimization spreadsheet has already been helping our members!
Click HERE to buy the Altseason Indicator for Tradingview
Step Two – Automate
More and more cutting edge trading automation services are coming online so it is important to review the benefits they may provide and the exchanges they can connect to.
Selecting a trading bot platform will depend on several factors that are beyond the scope of this post but I had successfully set up the Altseason Indicator to fire signals through Zignally to Binance and also had positive experience with 3commas trading bots before Binance withdrew service from Canada.
Hey there, fellow traders! It’s Doug, and today I’ve got a real treat for you.
We’re diving deep into a little known trading bot platform that promises to simplify our crypto trading game. You know how we roll in the Great White North: we dig deep and never skate on thin ice, eh?
So let’s check out the features and a bonus code as well.
From their page on LinkedIn:
Kryll platform provides you with powerful tools to create your own crypto-trading strategies in an easy and intuitive way thanks to its “WYSIWYT” (What you see is what you trade) concept.
Trading Strategy Marketplace
First off, you don’t need to be a crypto wizard to make things work here. Kryll.io is designed to serve both the greenhorns and the grizzled veterans of the trading world.
The platform offers a Marketplace where you can rent tried-and-true trading strategies from folks who’ve been around the block.
Seriously, how wicked is that?
Choosing the right platform is like choosing the right hockey stick. You need it to be reliable, sturdy, and a perfect fit for your game.
And let’s be honest, who wouldn’t appreciate a user-friendly interface so good you can trade while the kids are at hockey practice, eh?
Claim Your $7 In Tokens
Start for free, fill out the survey to earn free tokens and share your referral code to earn passive income over time! It’s a pretty sweet way to spend some free time and make some free money.
Now, any good trader knows that juggling multiple exchanges is like playing goalie without a mask; you’re just asking for trouble.
Now we can streamlines this process and manage our crypto portfolio on one, single platform.
The platform’s got state-of-the-art security features, much like a well-guarded net. You can connect to your exchanges safely, keep tabs on your wallets, and breathe easy knowing your assets are protected.
Build Your Bot Army
Listen, I get it. Coding can be as daunting as a moose in the middle of the highway. But with Kryll.io, you don’t even have to touch a line of code.
You can build complex trading bots using their Drag’n Drop “WYSIWYT” (What you see is what you trade) interface.
It comes loaded with advanced trading indicators like MACD, RSI, Moving Averages—you name it.
What’s the real kicker here?
The fact that you can start small and set realistic expectations.
Just like learning to skate, you don’t want to rush into things and end up flat on your face.
Take your time to understand what automatic trading really means.
Dive into strategy behavior, manage that risk like a pro, and learn from both your triple-deke goals and your penalty box mistakes.
What You See is What You Trade
You want to buy low and sell high, but setting up complex triggers feels like untangling a fishnet, doesn’t it?
The visual trading terminal helps you manage your stop-losses, take-profits, and even trailing stops. And all of this in less time than it takes to ask about the weather, again.
Trading from Your Igloo
Alright, we’re not all living in igloos, but you get my point.
With Kryll’s mobile app available on iOS and Android, you can manage your trades whether you’re chilling at home or out snowshoeing. All you need is a few taps, and you’re in control.
Tying It All Together
At the end of the day, what’s the one thing we can’t compromise on? You guessed it—risk management.
It’s the backbone of trading, folks.
Kryll.io helps you implement the risk control strategies that you learn in our Free Crypto Trading Plan PDF. Whether you’re into safe slapshots or risky breakaways, there’s something here for everyone.
Just like in the game of hockey, discipline, patience, and continuous learning are key. Keep your stick on the ice and keep hustling.
Can You Make Money From Nothing?
As Jessie Livermore once said, “The stock market is filled with individuals who know the price of everything, but the value of nothing.“
If you have nothing to do… make that free time into an asset.
A little idea can grow into a lot of money!
Give Kryll.io a shot and let’s turn those crypto dreams into cold, hard loonies.
Keep your gloves on and happy trading, eh! 🍁
This human-directed content research, writing, and editing was assisted by Artificial Intelligence Tools like Midjourney, Opus, Writesonic, and ChatGPT. (follow my AI publication for Business Plans)
Investment Disclaimer: You should not invest money into a paid tool until you have maximized the benefits of the free features. Nothing in our training products is a promise or guarantee of earnings.
This article contains referral links for some of my absolute favorite AI business tools for content creators and crypto enthusiasts.
If you purchase one of my favorite software and AI tools, I will receive a small commission at no additional charge to you.
