Blockchain from Ethereum is unavoidable in the DeFi ecosystem. The upgrade called merge is highly anticipated by the cryptocurrency community. It aims to move the Ethereum blockchain away from the Proof-of-work (PoW) consensus mechanism, which is not very ecological.
Ethereum is moving towards Proof-of-stake (PoS), which is faster and more energy efficient. Ethereum would thus become more competitive. And the famous Ethereum Killers (Solana, Polkadot, Avalanche, etc.) may see their last chance to kill Ethereum vanish!
Formerly called Binance Coin, BNB is the fuel of the blockchain BNB Chain. It confers several benefits to its detectors who can take advantage of a variety of incentives and bonuses available on the Binance platform. BNB holders can save up to 25% on all spot and margin trading fees, and 10% on futures trading fees. the BNB also entitles you to participate in Launchpad on Binance in order to invest very early in crypto nuggets.
BNB is basically backed by the biggest cryptocurrency exchange in the world. No wonder it’s a “permanent member” of CoinMarketCap’s top 10.
Bitcoin remains an essential crypto. Where BTC is losing 50% from its all-time highs, altcoins can lose over 80%. It is the staple cryptocurrency for many traders. So when the markets go down, they tend to sell the more volatile altcoins for Bitcoins. Thus this buyback of Bitcoin helps to mitigate its decline.
Be vigilant and consult your financial adviser before making any investment decision. Mirror-Mag cannot be held responsible in the event of bad investments. Before using any third-party service, you should do your own research.