📕 Better Than Yesterday With BSCS #27: Layer-1 Blockchain Explained

There are several layers to the blockchain technology stack, each adding new features and capabilities to the system.

At the base of this stack is Layer 1, the foundational layer that defines the basic rules and protocols that govern the blockchain.

ℹ️ What Is Layer 1 Blockchain?
Layer-1 blockchain refers to the blockchain protocol that serves as the network’s foundation. A distributed ledger technology (DLT) is designed to securely record transactions on a public, immutable, and trustless ledger.

ℹ️ Key Features of Layer-1 Blockchain
✅ Consensus Mechanism
✅ Security
✅ Scalability
✅ Smart Contracts

ℹ️ What Is the Main Limitation of Layer 1?
Early L1 chains (specifically Bitcoin and Ethereum) prioritized decentralization and security at the expense of their networks’ scalability.

There are a few ways in which L1 chains can improve scalability by modifying their native architecture. These consist of:

Increasing block size Increasing block size
➖ Changing the consensus mechanism
➖ Sharding

ℹ️ Notable Layer-1 Blockchain Protocols
💰 Bitcoin (BTC)
🔹 Ethereum (ETH)
🪙 Solana (SOL)

ℹ️ Conclusion
As scalability challenges are overcome and interoperability becomes the norm, we expect a proliferation of innovative use cases and widespread adoption.

As this technology continues to evolve, there is a possibility that, soon, Layer-1 protocols will underpin a multitude of transformative applications, reshaping the global economic and social landscape.

📕 Learn more about Layer-1 Blockchain Here

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

🎆 Happy Lunar New Year 2024 to Everyone! 🎉

👉 Let the festivities begin as BSCS extends warm wishes for an incredibly joyous and prosperous Year of the Dragon!

❤️ Embrace the enchantment of the season by sharing moments of celebration with your dearest and enjoy traditional activities! It's a time to revel in the warmth of family gatherings and create unforgettable memories.

💕 Reflecting on the past year, we are immensely grateful for our vibrant community's unwavering support and remarkable contributions.

💯 Your dedication has been the cornerstone of BSCS's success, and we couldn't have done it without you. Thank you with our utmost sincerity!

🌸 Together, let's continue to foster collaboration and build upon the foundation of our thriving community!

🙏 May this new year be full of boundless health, happiness, and triumph for all!

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

✍️ Crypto Slang Terms #16: Your Guide to the Cryptoverse 📕

💡 Ready to join BSCS Crypto Slang Terms #16 and learn five new blockchain words? Let's improve your crypto knowledge!

▶ Public key: A cryptographic key that allows a user to receive cryptocurrency from another user but cannot be used to send funds.

They're unique and usually contain 64 characters to encrypt your wallet or make digital signatures.

▶ Pump and dump: The process of buying and selling a coin on the market to raise its price and attract other users, followed by profit-taking.

▶ Private key: A cryptographic key that allows users to send cryptocurrency from their wallet but cannot be used to receive funds.

They're unique and usually consist of 64 characters, which you use for decrypting your wallet or making digital signatures.

📕 Tips: Only share your private key if you know the consequence

▶ Ransomware: A form of malware that infects computers and encrypts files, holding them hostage until the owner pays to get access back.

▶ Regulation: Rules created by a government to enforce compliance with laws and standards for particular businesses or industries.

💪 Lots of slang terms related to Blockchain exist. Find what you need to know about Crypto Slang Terms by BSCS!

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

🔊Weekly Market Highlights #84: January 5 - February 11

✨The cryptocurrency and Bitcoin markets had a remarkable recovery in the second week of February 2024, coinciding with the occasion of Asian countries welcoming the New Year of the Dragon 2024.

✨Bitcoin continues its weekly run, jumping to a new monthly peak at $48,6K. The altcoins have also turned green again, and the total market cap has reclaimed the coveted $1.8T level.

✨Over the past week, the crypto market increased by ~$167B (from ~$1,645B to ~$1,812B) of its total capitalization.

✨BTC’s Run Continues
✅BTC maintained a sideways trend over the past ten days, stabilizing around the $43K mark following heightened volatility.

✅Bullish momentum took hold on Wednesday evening, propelling BTC to $45K. The cryptocurrency continued its ascent, surpassing $47K by the end of the week.

✅Despite recent sluggish weekends, positive price movements were observed, with BTC attempting to breach the $48K mark. Today, BTC surged to $48,6K, marking its highest level roughly a month since the launch of SEC-approved ETFs.

✨LINK Shoots Up
✅LINK has taken the main stage from the top 10 larger-cap alts. LINK has soared by 11% and trades above $20 for the first time in years.

✅With the green color covering the entire market on a weekly scale, altcoins all increased in price; prominent among them are KAS (36%), IMX (26%), and BCH (17%). ETH, AVAX, SOL, ATOM, and NEAR followed with ~10% price increases

✅BSCS is trading at $0,01253: +6,67% from its 7-day all-time low of $0,01175.

✅Thus, the total cryptocurrency market capitalization has increased by ~167B USD in just one week and reached a local peak of 1.812T USD on CMC.

✨Bitcoin Fear and Greed Index is 71 - Greed, higher than at the beginning of the week (60)

✨Dominance:
✅BTC: 52.3%
✅ETH: 16.7%

📣Happy New Year, and see you next week!

🔶️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

📣 BSCS WEEKLY UPDATE REPORT 📣

After a long week, Weekly Overview is back, bringing the most comprehensive news of BSCS in the past 7 days!

👉🏻 Let's see if you missed any news!

I. IDO Project
🌟 The Sailwars IDO Has Successfully Ended

II. Event and Highlight News
✨ Events
🌟 Happy Lunar New Year 2024

🌟 Time to claim $SWT tokens on BSCS

🌟 $SWT Is Live On MEXC and BingX

✨ Highlight News
🌟 BSCS Genesis NFT Staking Reward Distribution Update!

🌟 Community Poll: Your New Year Resolution?

III. Education
🌟 Better Than Yesterday With BSCS #27: Layer-1 Blockchain Explained

🌟 Crypto Slang Terms #16: Your Guide to the Cryptoverse

IV. Under Development
💠 DEX View
- Optimize and enhance the overall user experience

V. Communities
• Telegram Channel: 120,994
• Twitter: 426,237
• Youtube: 18,700
• Facebook: 12,393

⚡ BSCS Communities: 🇬🇧|🇻🇳|🇨🇳|🇹🇷|🇧🇷|🇰🇷|🇮🇩|🇮🇳|🇧🇩|🇫🇷

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

🔶️ What's next? Share your thoughts👇

https://twitter.com/CoinMarketCap/status/1757154464736166212

💬 BSCS "Chat Festival" Event - Last Chance to Chat & Win 💬

⌛ Hurry up; time is running out really soon! It's the last day to participate in the BSCS Chat Festival for a chance to win fantastic rewards!

⏰ Time: 9 AM Feb 4th- 9 AM Feb 14th

🎁 Reward: 100 USDT
🥇 Top 1: 40 USDT
🥈 Top 2: 30 USDT
🥉 Top 3-5: 10 USDT/ each

ℹ️ Rule
🟢 Add | BSCS to your Telegram name
✍️ Example: Jeremy | BSCS
🟢 Discuss, support and provide helpful information about BSCS in our Global Telegram Group
🟢 The Top 5 interactive users will be rewarded
🟢 We will eliminate spammers and comments that violate the community’s standards

‼️ Note
✅ User must public Telegram username
✅ Require at least 400 messages during the event period to qualify
✅ Our decision is final in all case

🏆 Don't miss your opportunity! Be among the Top 5 interactive users and claim your reward!

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

👏🏻 BSCS "Chat Festival" Event Officially Ended! 🎉

❤️ Thanks to everyone who engaged in insightful discussions and contributed to the vibrant community spirit. Your enthusiasm made this event a great success!

🙌 We will announce the winners real soon after summarizing the data. Stay tuned for the result.

🎁 Reward: 100 USDT
🥇 Top 1: 40 USDT
🥈 Top 2: 30 USDT
🥉 Top 3-5: 10 USDT/ each

‼ Note
✅ User must public Telegram username
✅ Require at least 400 messages during the event period to qualify
✅ Our decision is final in all case

🚀 We appreciate all the active participation and are eager for more exciting events in the future!

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

🏆 BSCS "Chat Festival" - Winners Announcement! 🏆

🎊 The winners of the BSCS Chat Festival have been decided! Congratulations to the top contributors who showcased exceptional engagement and knowledge during the event.

🥇 Top 1: 40 USDT
@paultuckerr

🥈 Top 2: 30 USDT
@Cityofkings

🥉 Top 3-4: 10 USDT/ each
@happylife_28
@EdwardJack55

‼️ The winners please DM @jrm1337 to verify within 3 days to receive the rewards!

🤝 We love to thank everyone who participated. BSCS truly appreciates your unwavering enthusiasm and dedication!

🔔 Stay tuned for more exciting events and opportunities with BSCS in this wonderful journey!

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

💎 Blockchain Festival and Traders Fair 2024: Shaping the Future of Finance and Blockchain in Singapore 🇸🇬

🔥 FINEXPO proudly hosts two events namely the Blockchain Festival and Traders Fair Singapore at the iconic Marina Bay Sands.

💎 The latest in Blockchain technology and financial markets will come together at these events to create a never-before-seen convergence of innovation and investment opportunities.

❤️ We extend a warm invitation to blockchain enthusiasts, traders, investors, and anyone keen on exploring the future of decentralized technology and financial markets.

🗓 Event Details
⏰ Date & Time: 9:30 – 18:00, Saturday, 2 March 2024
📍 Venue: Marina Bay Sands Singapore, Expo and Convention Centre
👉 Get your Ticket At
Traders Fair | Blockchain Festival

✨ The Blockchain Festival and Traders Fair provide a unique opportunity to engage with thought leaders, discover innovative solutions, and explore potential investment avenues.

ℹ️ Read Detailed Article Here

⭐️ FINEXPO Official Media Channels:
Website | Facebook | Instagram | Linkedin

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

✍️ Crypto Slang Terms #17: Your Guide to the Cryptoverse 📕

💡 Ready to join BSCS Crypto Slang Terms #17 and learn five new blockchain words? Let's improve your crypto knowledge!

▶ Rekt: A slang term used to describe a situation where an investor becomes "wrecked" by losing all their money due to trading or other factors within the market.

▶ Return on investment (ROI): The percentage of investment returns over an initial investment. It's often used to measure the performance of a particular cryptocurrency or trading strategy.

▶ Rugpull: A fraudulent cryptocurrency strategy in which crypto developers desert a project and flee with investors' money.

📕 Tips: Always DOYR before investing!

▶ Satoshi Nakamoto: The pseudonym of the creator(s) behind Bitcoin, their true identity still remains a mystery today despite several attempts to solve this ongoing riddle.

▶ Scalability: The capability of a system, network or process to handle a growing amount of work.

💪 Lots of slang terms related to Blockchain exist. Find what you need to know about Crypto Slang Terms by BSCS!

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

📕 Better Than Yesterday With BSCS #28: What is Layer-2 Blockchain?

Blockchain technology has transformed transactions and value transfers. Layer 1 blockchains prioritize decentralization and security, but scaling can be challenging.

Layer 2 solutions like rollups and lightning networks offer ways to address these issues.

What is a Layer-2 Blockchain? What is a Layer-2 Blockchain?
Blockchain Layer 2 solutions are protocols that operate on top of a Layer 1 blockchain (such as Bitcoin or Ethereum) to enhance scalability, privacy, and other attributes of the underlying blockchain.

The most prevalent solutions are state channels, sidechains, optimistic Rollups, and zero-knowledge Rollups.

ℹ️ Categories of Layer 2
➖ State channels: Enhance scalability

➖ Sidechains: Enhance interoperability

➖ Optimistic rollups: Enhance scalability and decrease transaction fees

➖ Zero-knowledge rollups: Enhance privacy

ℹ️ Benefits of Layer 2 Solutions
✨ Scalability – Scale to meet the growing demands of the network, reducing the burden on the main blockchain

✨ Speed – Improve transaction speeds, enabling near-instant transactions at a fraction of the cost

✨ Cost –Reduce the cost of transactions, making blockchain technology more accessible to the masses

✨ Security – Maintain the same level of security and decentralization as the main blockchain network

ℹ️ Conclusion
Blockchain Layer 2 solutions are essential for enhancing the scalability, privacy, and other characteristics of the underlying blockchain, thereby making it more user-friendly and cost-effective.

Layer 2 blockchains will play an ever-increasing role as blockchain technology is increasingly used to resolve business challenges across a variety of industries.

📕 Learn more about Layer-2 Blockchain Here

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

🔊Weekly Market Highlights #85: January 12 - February 18

✨The third week of February 2024 saw buying pressure from Bitcoin spot ETFs continue to bring BTC to a new 2-year peak, leading to the growth of the entire market.

✨Over the past week, the crypto market increased by ~$151B (from ~$1,812B to ~$1,963B) of its total capitalization.

✨BTC Reclaims $52K
✅After closing last week with a 13% gain, BTC started the current one with another surge on Monday, driving it to $50K for the first time in over two years. The US CPI numbers on Tuesday brought some pain for the bulls as BTC dropped to $48,5K, but that was short-lived, and the asset resumed its bullish trajectory almost immediately.

✅This led to breaking above $51K and $52K on Tuesday and Wednesday. Thursday saw more price gains, and BTC tapped $52,9K to chart a new multi-year peak.

✅This is where the rally was halted, at least for now. Besides a brief price drop yesterday that left $100M in liquidations, BTC calmed in the following days.

✅Currently, BTC trades around $52K, with its market cap above $1T and its Dominance over the altcoins above 52% on CMC.

✨Altcoins Grow Strongly
✅With the total market capitalization increasing by ~$150B in one week, almost all Altcoins grew strongly, leading to the excitement of the entire market

✅Last week, among the top 50 altcoins, GRT was the name with the best growth, with ~62%, currently trading around the $0.27 mark. Following is SEI (40%), STX (39%), RNDR (29%), MATIC (19%), ADA (15%), BNB (10%).

✅ETH is up 4% on the week, aiming to return to the $3K mark

✅BSCS is trading at $0,0114: +5,61% from its 7-day all-time low of $0,0108.

✨Bitcoin Fear and Greed Index is 75 - Greed, higher than at the beginning of the week (71)

✨Dominance:
✅BTC: 52.2%
✅ETH: 17.4%

📣See you next week!

🔶️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

📣 BSCS WEEKLY UPDATE REPORT 📣

After a long week, Weekly Overview is back, bringing the most comprehensive news of BSCS in the past 7 days!

👉🏻 Let's see if you missed any news!

I. Event and Highlight News
✨ Events
🌟 BSCS "Chat Festival" Event Officially Ended!
🎁 Reward: 100 USDT

🌟 BSCS "Chat Festival" - Winners Announcement!

✨ Highlight News
🌟 BTC break through $50K! What's next?

🌟 Blockchain Festival and Traders Fair 2024: Shaping the Future of Finance and Blockchain in Singapore

II. Education
🌟 Better Than Yesterday With BSCS #28: What is Layer-2 Blockchain?

🌟 Crypto Slang Terms #17: Your Guide to the Cryptoverse

III. Under Development
💠 DEX View
- Optimize and enhance the overall user experience

V. Communities
• Telegram Channel: 119,266
• Twitter: 426,439
• Youtube: 18,700
• Facebook: 12,398

⚡ BSCS Communities: 🇬🇧|🇻🇳|🇨🇳|🇹🇷|🇧🇷|🇰🇷|🇮🇩|🇮🇳|🇧🇩|🇫🇷

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

✍️ Crypto Slang Terms #18: Your Guide to the Cryptoverse 📕

💡 Ready to join BSCS Crypto Slang Terms #18 and learn five new blockchain words? Let's improve your crypto knowledge!

▶ Scalping: The process of buying and selling a coin/token multiple times on the same day within short timeframes to profit from small price fluctuations over that period.

These often occur when there is low volume, but many exchanges have daily limits for how much you can trade, so some traders will try to take advantage of these periods by making repeated trades throughout them.

📕 Tips: Always DOYR before investing!

▶ Segregated witness (segwit): A soft fork upgrade to the Bitcoin protocol proposed by the Bitcoin Core development team and activated in 2017

It increases network capacity (transactions per second), fixes transaction malleability, and reduces UTXO bloat.

▶ Sell wall: A large order on an exchange meant to push down the price of a cryptocurrency by discouraging others from buying it and preventing those who want to sell from doing so unless they get a lower price.

▶ Script: An alternative proof-of-work algorithm designed by Colin Percival for Tarsnap online backup service to make it more difficult to perform large-scale custom hardware attacks.

It's been adopted by many altcoins since then due to the increased cost involved when using ASICs rather than GPUs/CPUs, including Litecoin and Dogecoin.

▶ Sharding: A process that involves splitting a blockchain network into smaller groups of nodes called shards, each responsible for processing transactions in parallel.

This is supposed to alleviate the pressure from other components such as CPU or GPU so more computational power can be used on solving cryptographical puzzles and attaining consensus.

💪 Lots of slang terms related to Blockchain exist. Find what you need to know about Crypto Slang Terms by BSCS!

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

🔶️ BSCS “Staking Treasury” Event 🔶️

🔥 Ready to immerse in the excitement of ending February with sweet treats? Welcome to “Staking Treasury” where you can double-earn with $BSCS!

⏰ Time: 9 AM Feb 22 - 9 AM Feb 29 (UTC)
🎁 Reward: 200 USDT for 10 random winners

💠 Rule
🟢 Stake at least 10,000 $BSCS at Launch Pool from 9 AM Feb 22 (UTC)
🟢 Submit your info & Answer the required questions
📝 Fill in this FORM

📍 Note
🟠 We will start snapshot the Launch Pool from 9 AM Feb 22 (UTC)
🟠 User must maintain staking in Launch Pool during the event time
🟠 User must public Telegram Username
🟠 The winners will be randomized via Wheel of Names

👉 Don't miss the chance to win big! Stake now and claim your rewards!

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

📣 Exciting News! BSCS & Gotbit Are Teaming Up! ‼️

🔥 We're thrilled to share that BSCS & Gotbit, a top crypto hedge fund, have joined forces!

This partnership signifies a memorable milestone for BSCS, enabling us to advance our vision with the support of Gotbit's esteemed reputation and expertise!

🚀 What This Partnership Brings to Our Community
💎 Enhanced Market Presence
Gotbit's expertise will elevate BSCS's visibility and stability in the dynamic cryptocurrency market.

💎 Launchpad Support
Collaborating with Gotbit opens exciting avenues for growth, innovation, and expansion for BSCS Launchpad.

Explore high-quality project teams through Gotbit's network and enjoy exclusive co-op opportunities!

💎 BSCS x Gotbit Co-incubator Program
BSCS & Gotbit will join forces to provide pioneer startup projects with the necessary support and guidance to thrive and succeed in the blockchain industry.

💎 Community Benefits
We are offering our community a more robust, stable, and prosperous ecosystem where mindful finance can flourish.

📈 Looking Ahead with High Expectations
As we embark on this new chapter with Gotbit, the possibilities are boundless. With Gotbit, we're changing the game in crypto.

This partnership reaffirms our unwavering commitment to our community and vision of seamlessly decentralized finance.

🔔 Stay tuned for updates and join us in celebrating this monumental partnership!

⭐️ Gotbit Official Media Channels:
Website | Twitter | Medium | LinkedIn

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion