China to Feature e-CNY in the Upcoming Beijing Winter Olympics

The deputy governor of the People’s Bank of China, Li Bo, confirmed that foreign visitors and athletes would be able to use China’s digital currency dubbed as the electronic Chinese yuan (e-CNY) during the 2022 Winter Olympics. Going Global China hopes to make e-CNY an international digital currency and a convenient alternative to the regular dollar as a marketing stunt. Unleashing the CBDC during the competitions could also assist the country in maintaining monetary sovereignty as regions such as Beijing,…

Are There Any Limitations on the Binance Smart Chain?

The Binance smart chain was launched in September 2020 due to an increasing need for a reliable smart-contract platform. It runs parallel to the Binance chain, which launched in 2019.  All smart contracts launching on the Binance smart-chain network take the BEP format, i.e., BEP-20 for Defi-related smart contracts.  The Binance smart chain has helped many crypto projects by providing a hub for their services. Top ones like PancakeSwap, IDEX, Chainlink, and around 33 others have enjoyed the various benefits…

PancakeSwap: The Decentralized Exchange Based on the DeFi Ecosystem

The decentralized financial system is home to popular protocols and decentralized applications running on a blockchain network such as Ethereum. These protocols include decentralized exchanges, which provide tools for converting and trading digital assets while excluding an intermediary’s involvement. PancakeSwap (Official Website) operates as a DEX ecosystem enabling users to trade BEP-20 tokens. Unlike other platforms that run on the Ethereum blockchain, PancakeSwap exists on the Binance Smart Chain, leveraging its fast execution speeds and lower transaction charges. The DEX…

DeFi Yield Protocol (DYP) Features on The Binance Smart Chain (BSC)

The decentralized finance network is gradually gaining popularity, supporting protocols like DeFi Yield Protocol (DYP), an ecosystem enabling users to provide liquidity and receive ETH rewards in return. DYP also stabilizes its native token (DYP Token) by employing an anti-manipulation feature that automatically converts DYP rewards into Ethereum.  Currently, the DYP protocol has successfully managed to feature on the Binance Smart Chain for its staking dApp. The Binance Smart Chain is a blockchain architecture founded by Binance to enable developers…

6 Interesting Binance Smart Chain (BSC) DeFi Projects to Check

This year has seen the restructuring of the crypto sector in many different ways. The DeFi and NFT sectors' growth has put a large strain on older blockchains, such as Ethereum. These networks were built in a way that is designed to increase their fee structure based on the blockchain’s congestion. Unfortunately, this design flaw has created record-high gas fees for users. These fees have left many in the market searching for viable alternatives.  One option that has seen considerable…

A Look at The Binance Smart Chain (BSC) – How Does It work?

The Binance Smart Chain (BSC) is the latest addition to Binance's ecosystem. This fourth-generation has built blockchain to bring advanced features and DeFi capabilities into the network. The BSC was devised as an independent blockchain to the network’s original Binance Chain project. The developer’s decision to pursue a dual-chain architecture has paid off. The new blockchain increased both the usability and functionality of the network's utility token, BNB. The additional benefits gained from the new network have translated over into…

Binance (BNB) Becomes 3rd Largest Cryptocurrency and Dethrones Tether (USDT)

Binance native token BNB price reaches new heights and has just dethroned Tether to become the 3rd biggest cryptocurrency based on market cap. This surge in price is thanks to the rise of Binance Smart Chain (BSC) and other protocols of its ecosystem, such as PancakeSwap.  Binance Coin (BNB) Breaks All-time High Binance ecosystem utility token Binance Coin (BNB) has experienced a massive increase in price in recent weeks. In today's early hours, BNB set a new all-time high of…

Binance Smart Chain Emerges As A Serious Competitor to Ethereum

Launched only six months ago, Binance Smart Chain has already managed to overtake Ethereum in the number of transactions processed. Could this be the sign of significant competition for the leading smart contracts network?  Daily Transactions Surges Past Ethereum’s  Binance Smart Chain achieved the feat of processing more daily transactions than Ethereum yesterday. Changpeng Zhao, CEO of Binance, revealed this feat on Twitter, comparing the Smart to Ethereum. “Today is an important day. Binance Smart Chain has overtaken Ethereum in…

BurgerSwap: The New DeFi Protocol Changing the Wave of Yield Farming Governance

Saying that DeFi is a boom is an understatement, considering the great investments it offers all users. Yes, it's true that many new protocols enter the market with so much zeal but fail before they breathe life into yield farming. Others have been the pump and dump cases, leading to a careful approach to DeFi. So, what sets BurgerSwap aside? Is it just another crypto fad? Well, this promising new platform hit the markets recently after its launch on September…