Crypto Market 🔥 What is BNB Nodes Network
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Welcome to our Crypto Market Video!
Power to the People!
In order to make the BNB Chain more decentralized, the BNB Node Network will be released as a layer 2 to the BNB Chain and will support user-hosted Nodes.
Overview
The BNB Chain is built by Binance and is the third largest Blockchain in the world. It has the most decentralized applications (short DApps) built upon it. The BNB Chain relies on "Nodes" that validate the blockchain. The BNB Chain is really cost-effective but also really centralized (it has just a few Nodes controlled by very few entities that validate it.)
In order to make the BNB Chain more decentralized, the BNB Node Network will be released as a layer 2 to the BNB Chain and will support user-hosted Nodes. By contributing to BNB Nodes, you support the infrastructure of the BNB Network and get rewarded in return. The rewards will be generated by the Transaction Fees (also known as Gas Fees) that are paid by the users of the chain. Those fees go directly to the participants of the Network.
The maximum earnings for each Node will be 300%. This means if you buy 10 Nodes for 0.1 BNB, the maximum amount you can get out of those Nodes is 0.3 BNB. After the 300% is reached, your Nodes are donated to the BNB Node Network. The 300% bonus are returned on 5 different ways.
Introduction
BNB Chain, one of the most popular blockchains in the world, dedicates to delivering its core infrastructure necessary for future public adoption, and always remains as a community-first and open-source ecosystem built on a permissionless and decentralized environment.
Binance Chain and Binance Smart Chain have formed together as BNB Chain since February 15, 2022. BNB Chain comprises BNB Beacon Chain (previously Binance Chain) and BNB Smart Chain (previously Binance Smart Chain). While BNB (formerly called “Binance Coin”) has also been renamed as “Build and Build.” The name change is not merely for welcoming the crypto world with more than 1 billion users but also to strengthen the delivery of the core infrastructure necessary for future public adoption and, most importantly, to build a better ecosystem for embracing the large scale Web3 applications.
BNB Beacon Chain (previously Binance Chain) - BNB Chain Governance (Staking, Voting)
BNB Smart Chain (BSC) (previously Binance Smart Chain) - EVM compatible, consensus layers, and with hubs to multi-chains
BNB Sidechain - Ready-to-use PoS solutions for developing custom blockchains and dApps with existing BSC functionality.
BNB ZkRollup - ZkRollup solution to scale BSC as an super high performance blockchains. BNB Nodes is such a rollup.
BNB is the token needed to buy a Node. BNB stands for “Build and Build”. Along with fueling transactions on BNB Chain (similar to gas on Ethereum), BNB also acts as a governance token. Holding BNB gives you the right to make your voice heard and is necessary for participation in BNB Chain’s decentralized on-chain governance. With this name change also comes more advancements to benefit users, projects and developers connected to the BNB Chain community. All fees generated are also paid out in the BNB coin.
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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
I hope you found value in our Crypto Market video. Make sure to leave a like on the video if you gained value from it!
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⏰Timestamps⏰
00:00 -how to trade crypto Introduction.
00:13 -how to trade crypto summary.
08:05- how to trade crypto project's outro.