The book covers the application areas of blockchain in great detail and spells out the crucial difference between Bitcoin and the broader blockchain technology.
Technology
BEP-20 tokens benefit from the lower transaction fees on Binance Smart Chain compared to Ethereum. This cost-efficiency is particularly advantageous for frequent transactions and microtransactions, making it more accessible to a wider audience.
The Binance Smart Chain is designed for high performance, offering faster block times (approximately 3 seconds per block) compared to Ethereum. This results in quicker transaction confirmations and a more responsive user experience.
BEP-20 tokens are interoperable with various platforms and tools within the Binance ecosystem, including Binance Volamena, Binance Wallet, and numerous decentralised applications. This interoperability extends to Ethereum-based applications due to the standard's compatibility with ERC-20, allowing for cross-chain interactions.
BSC’s high throughput capabilities mean it can handle a significant number of transactions per second, reducing congestion and delays. This is critical for maintaining the efficiency and reliability of your gold-based cryptocurrency.
The Binance Smart Chain is secured through a Proof of Staked Authority (PoSA) consensus mechanism, combining aspects of both Proof of Stake and Proof of Authority. This provides robust security while maintaining efficient transaction processing.
Deploying BEP-20 tokens is straightforward, with comprehensive documentation and tools provided by Binance. This ease of deployment helps streamline the development process and reduces time to market.
The Binance Smart Chain is secured through a Proof of Staked Authority (PoSA) consensus mechanism, combining aspects of both Proof of Stake and Proof of Authority. This provides robust security while maintaining efficient transaction processing.
The Golden Legacy of Mansa Musa
Continent with Underlying Wealth
The book covers the application areas of blockchain in great detail and spells out the crucial difference between Bitcoin and the broader blockchain technology.
No of Tokens issued- 1.07 Bn Tokens with face value of 1 USD Each
2010 - Mines were leased
2021 to 2024 - 150 to 200 gms of production per day
New equipment sourcing - July 2024 to March 2025
Fully automated setup - November- December 2025 (Depending upon the Machine & System Integrators)
Revolutionary
Blockchain technology’s future scope majorly lies in the field of Cybersecurity. Although the Blockchain ledger is open and distributed, the data is secure and verified.
Secure Transactions
Owing to the challenges faced by digital advertising, including bot traffic, lack of transparency, domain fraud, inefficient payment models, etc., promoters and publishers have a difficult time due to the bad players.Decentralized Network
Through its transparency and reliability, Blockchain has been found to resolve such issues in the supply chain. Advertisement-related transactions can be better dealt with by employing this technology.buy now