Although the term “cryptocurrency” has been around for a while, its popularity has only recently increased. Now widely acknowledged as a viable solution for a portion of every investor’s portfolio, many are even considering them even in their retirement plan.
Investors are known to be notorious for seeking high-performance trades. In the early days of cryptocurrency, Bitcoin (BTC) was the only option available, and despite its quick growth, many investors considered it to be excessively speculative and a niche investment. The rise in Bitcoin, though, was apparent in recent years. As exchanges like Coinbase became publicly traded businesses, access and news of rising cryptocurrency prices spread widely.
The 24-hour business news cycle has also contributed to the normalisation and globalisation of cryptocurrency talks. Gains like Shiba Inu’s astounding 45 million percent in 2021 will always attract interested investors to the investment market, despite the market’s bearishness and volatility in 2022. More brokers than ever now provide cryptocurrency trading when it was previously only possible on a few selected online platforms like Robinhood.
Accessibility has been largely responsible for the rise in popularity of cryptocurrencies in recent years.
The fact that cryptocurrencies were formerly viewed as a questionable form of payment and rejected by international governments has been one of the primary hurdles to their widespread acceptance. But El Salvador became the first country in the world to accept Bitcoin (BTC) as legal money in September 2021. Bullish investors are hopeful that this is the first of many nations that will start embracing cryptocurrencies. Even though this development isn’t particularly significant in the perspective of the global economy undoubtedly, some investors who were waiting for additional legitimacy before investing in cryptocurrencies noticed El Salvador’s historic decision.
What Is Petrousus And When Does The Presale Start?
Traditional access to payments, loans, and borrowing was restricted to recognised financial institutions and banks. With the development of blockchain technology, this has drastically changed, creating a new financial ecosystem that led directly to decentralised finance (DeFi). Automated apps created on top of blockchain technologies drive the DeFi mechanism.
With no credit check and no interest, DeFi members can instantly borrow up to 85% of the value of their crypto deposits. DeFi services allow anyone with an internet connection to borrow, save, transfer, receive, purchase, sell, and even insure their money. Peer-to-peer blockchain-based networks are utilised for this, connecting users from all over the world. In their present form, banks, stock exchanges, and insurance agents are no longer required.
Blockchain technology requires that every transaction be made public and recorded on the blockchain. The total number of transactions that can be executed at once is therefore limited. Network security is thus ensured but at a cost. Through the development of a network of efficient DeFi systems, the Petrousus Token project seeks to address these problems.
DeFi is unable to transfer assets or data between chains. But cross-chain transactions are supported using the Petrousus coin (PSUS). Transparent communication will be improved with the Petrousus token meaning that the scaling challenges are immediately removed by doing this. Due to the access it offers, interoperability, which DeFi lacks, is essential to the majority of customers, who must therefore enable such functionalities with their service.
People from all backgrounds of life will be able to access financial services with Petrousus without having to be experts in cryptocurrencies or blockchain technology.
It will be a community built on financial independence and security. A blockchain backbone that will start with the effective and affordable BSC (Binance Smart Chain) and grow as the technology advances, adding more features and security measures, while safeguarding everything.
It is possible to prevent price inflation and maintain the value of a currency by burning on the ecosystem. Due to the stability, consumers will hold onto their coins for longer, which will lower prices and boost network capacity. Burning tokens also result in feelings of reliability and trust, especially towards the beginning of a coin’s growth. Petrousus (PSUS) has decided to burn manually. It’s important to note that the burn will take place when the Petrousus Token community is thriving.
The management team will notify Petrousus Token holders in a fair, open, and transparent manner when it is time to burn a particular amount of tokens.
The team has an anti-rug pull rule ruling out any Developer rug and anti-whale avoiding big purchases and conversions.
One of the simplest DeFi investing strategies is staking. It entails locking Petrousus Token for a certain period of time. By staking PSUS an investor automatically becomes a validator in a proof-of-stake (PoS) network. Validators run PoS systems and receive incentives based on the quantity of tokens they possess.
Investors are typically rewarded by governance tokens, which increase their voting power, in DeFi initiatives. Coins may be exchanged for other cryptocurrencies.
What’s New With Ethereum?
Registrations for ENS domains have been increasing significantly. ENS Domain ownership reached 1.8 million names with the addition of 378,000 new .eth registrations in just July.
The rise of Ethereum (ETH) addresses over the past month will transition the leading blockchain for dapps, DAOs, and NFTs from a proof-of-work consensus mechanism to a proof-of-stake one, even if the company has downplayed its significance. With 2.17 ENS domain names registered on the service in August, the Ethereum Name Service achieved its third highest income month.
In a tweet reporting the most recent achievement, ENS Domains stated that in August, it added 34,000 new Ethereum accounts using at least one ENS name to its records and earned 2,744 ETH (about $4.3 million) in income. Additionally, the company claims it was responsible for more than 99% of OpenSea’s domain sales.
The Ethereum Name Service, or ENS, is responsible for issuing and renewing.eth domain names that are based on Ethereum. Users can utilise their .eth domain name rather than their long Ethereum address to receive a transaction because ENS domains can be linked to cryptocurrency wallets.
Additionally, ENS domains may be purchased as non-fungible tokens (NFTs), which are cryptographically distinct tokens tied to both digital and tangible forms of content and serve as ownership documents.
The anticipation in the cryptocurrency community is evident as the Ethereum merger approaches in a matter of days. A rival of ENS, Unstoppable Domains, attained “unicorn” status when its valuation crossed $1 billion following the acquisition of further Series A funding of $65 million in July.
Why is Binance (BNB) Unique?
ID protocol SPACE ID is a decentralised platform that has completed the fundraising for its seed round under the direction of Binance Labs (BNB), the venture capital and accelerator division of Binance. The investment money will go toward the development of the.bnb Domain Name Service which is a universal multi-chain domain integrating into the BNB Chain ecosystem.
In order to address the issue of there not being a simple, global ID for your Web3 presence, SPACE ID stepped in, in March 2022. Since then, the newly established company has partnered with and integrated with more than 40 significant projects and developers from the BNB Chain ecosystem. Ten premium candidates were chosen to fix this problem. The bnb Domain Auctions on Binance NFT ended with over $670K in total bids. 000.bnb sold for more than 1100 BNB.
SPACE ID is a universal name service network that seamlessly connects individuals, data, assets, and applications across blockchains. It is open-sourced, censorship-resistant, decentralised, and chain-agnostic.
Binance Labs finds and supports successful blockchain entrepreneurs, startups, and communities. It also invests in and finances business ventures that support the expansion of the broader blockchain ecosystem. It is dedicated to assisting quick-thinking groups that advance the decentralised web and the crypto industry such as SPACE ID.
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