Cryptocurrency trading center official website

Features of Binance Coin Exchange

1. Fast trading on Binance Coin Exchange: Provide you with 24-hour high-speed, stable real-time trading quotations, and understand the latest developments in real time.

2. Binance Coin Exchange is the world's largest digital asset trading platform, providing tools for novices, experienced traders and institutional users.

3. Binance Coin Exchange integrates the needs of beginners and professional users, providing complete process guidance for novices, and getting started quickly with zero burden. At the same time, in the academy, you can learn how to purchase digital currency, how to trade digital currency, learn professional trading strategies, and understand rich digital currency knowledge and cutting-edge industry research reports, allowing novices to become digital currency experts in seconds.

4. Binance Coin Exchange has clearer and more intuitive K-line charts and currency trend charts. Users can view, analyze and explain online. More digital industry data will be clearly and intuitively displayed in front of users.

How to buy Binance Coin on the exchange

Users can buy Binance Coin, and at the same time, they can also use computers to perform a large number of calculations according to algorithms to "mine" Binance Coin. When a user "mines" Binance Coin, he or she needs to use a computer to search for a 64-bit number, and then compete with other gold miners by repeatedly solving puzzles to provide the required number for Binance Coin. If the user's computer successfully creates If you enter a set of numbers, you will get 25 Binance Coins

Binance Coin Exchange Getting Started Tutorial

Trading Rules:

In the single-currency margin mode, when the user performs isolated trading, the amount of Binance Coin in the account The available balance of the currency should be greater than or equal to the number of currencies required for the order;

In the cross-currency margin mode, when the user performs isolated trading, the overall effective margin in the account should be greater than or equal to the amount including the pending order. Including the occupied margin, and the available balance of the currency should be greater than or equal to the amount of margin required for the order;

In the portfolio margin mode, when the user performs isolated trading, the entire account is valid The margin should be greater than or equal to the occupied margin including the pending order, and the available balance of the currency should be greater than or equal to the amount of margin required for the order.

Currency knowledge expansion

What is DOT

PolkaDOT is an open source sharded multi-chain protocol that unites multiple blockchain platforms into a unified and scalable, not only **** data or asset types can be transferred across chains, allowing various blockchains to interoperate. This interoperability aims to create a decentralized proprietary ecosystem controlled by its users and simplify the creation of new applications, organizations and services.

The Polkadot protocol connects public chains, private chains, permissionless, oracles and possible future blockchains, allowing these independent blockchains to share information and transactions trustlessly through the Polkadot relay chain.

Put simply, Polkadot is a “blockchain of blockchains” that allows many different types of chains to work and interact securely within the same ecosystem.

Polkadot Architecture

Polkadot is a heterogeneous multi-chain, which means it connects various blockchains designed for specific purposes into a single ecosystem. These different layer 1 blockchains are called parachains because of the way they process transactions in parallel, and are connected together through the Polkadot relay chain.

Polkadot has four core components:

Relay chain: the "heart" of Polkadot, helping create consensus, interoperability and shared security across different chains;

Parachain: can have its own chain and target specific Independent chain optimized for use cases;

Parathreads: similar to parachains with flexible connections based on a pay-as-you-go economic model;

Cross-chain bridges: allowing parachains and parathreads to connect with external blockchains such as Ethereum and communications.

Polkadot Consensus

Polkadot uses Nominated Proof of Stake (NPoS), adding the roles of validators and nominators to maximize the security of the chain. Four roles and functions in Polkadot NPoS:

Validators

Validators protect the relay chain by staking native** (DOT). If selected into the active set, they verify proofs from colliers on the parachain, participate in consensus with other validators, and generate blocks on the relay chain. In return, they receive staking rewards.

Nominators

Nominators also contribute to security by staking their DOT to support trustworthy validators, helping them enter the active validator set. In return, nominators typically receive a portion of the staking rewards from that validator.

Colllators

Collators collect parachain transactions and generate proofs for validators on the relay chain. They can also send and receive messages from other parachains using the Cross-Chain Messaging Protocol (XCMP).

Fishermen

Fishermen monitor and report bad behavior to validators. Any node in the chain can play the role of fisherman.

DOT**

Polkadot’s native DOT** has three uses: guaranteed operation and security, staking DOT to connect the chain to Polkadot as a parachain and holders’ voting rights in governance. DOT is currency-free, which means that unlike Bitcoin, there is no larger quantity of DOT. The inflation rate is not fixed: it is designed to be 10% a year. The generated DOT is used to reward validators, and the rest will go into the treasury.

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