Binance Smart Chain And CeDeFi Explained

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Finematics

Finematics

Күн бұрын

So what is Binance Smart Chain? How is it different from Ethereum? And what is CeDeFi all about? You’ll find answers to these questions in this video.
In April 2018, Binance - one of the biggest cryptocurrency exchanges, decided to launch their own blockchain - Binance Chain.
The main idea behind Binance Chain was to create a high-speed blockchain able to support large transaction throughput.
To achieve this, the team behind Binance Chain chose the Tendermint consensus model with instant finality and instead of supporting multiple applications, decided to focus on its primary app - Binance DEX.
With DeFi on Ethereum flourishing and Binance DEX not getting as much traction as expected, Binance very quickly realised that the main feature missing from Binance Chain was the ability to run smart contracts and allowing other teams to deploy their own applications.
At this point, Binance made an interesting decision. Instead of trying to add smart contract capabilities to Binance Chain and sacrificing its performance, they decided to launch another chain in parallel to Binance Chain and this is where Binance Smart Chain comes into play.
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Пікірлер: 363
@Finematics
@Finematics 3 жыл бұрын
💛 Support Finematics on Patreon and join our Discord community ► www.patreon.com/finematics ❓ What do you think about Binance Smart Chain and CeDeFi? Comment down below 📘 Check out our FREE Guide to DeFi ► finematics.com/guide-to-decentralized-finance/ 👍 Hit the like button if you enjoyed this video 🐦 Follow Finematics on Twitter ► twitter.com/finematics
@MichaelJones-yx4zv
@MichaelJones-yx4zv 3 жыл бұрын
PancakeSwap and BSC did what many said couldn't be done. They not only is the future I think they will kill Ethereum before the 2 years it will take for ETH to get fully deployed to lower gas fees. There's no real reason to pay those gas fees on ETH why buy a CD when there is Mp3 technology already out lol
@donny5841
@donny5841 3 жыл бұрын
@Noah Porter Let me see your extremely smart advice one more time. Please share your thoughts about Hugo_finance
@babylondon204
@babylondon204 3 жыл бұрын
You should do a video on Telos. They’re scaling solution is decentralized.
@TheChinkchow
@TheChinkchow 3 жыл бұрын
The price of permissionless is $4 to $100 per transaction, depending on the time of day and whims of the market. That money isn’t going to developers to pay for improvements, it goes to validators to pay for PoW electricity. Side-chains work great once you’ve paid ETH gas to get there, up until you have to pay gas to leave. Meanwhile, Polygon’s as centralized as BSC, so what’s the point? Luckily AVAX and half a dozen other true deFi are opening by July. What will happen to Ethereum? Devoted whales will use side chains. BSC users will have no incentive to go anywhere. People just starting out on Avalanche deFi will expand to BSC until the pickings aren’t as thin. Let’s stop pretending this isn’t about money. Yes, money on Ethereum might be a tiny bit more secure, but even the Mafia would blush at the price of protection.
@ISoTxNinja
@ISoTxNinja 3 жыл бұрын
waiting for decentralized centralized decentralized finance now.
@NagashSagan
@NagashSagan 3 жыл бұрын
automatic centralized decentralized centralized finance, or AC/DC-FI
@panjiwidyasmara1112
@panjiwidyasmara1112 3 жыл бұрын
@@NagashSagan lol
@kaidosss
@kaidosss 3 жыл бұрын
Says CZ haha
@sesetio338
@sesetio338 3 жыл бұрын
@@NagashSagan I'm DYING! lol
@Hugo-xj2mj
@Hugo-xj2mj 3 жыл бұрын
Aahahhahahahahah
@zaynumar0
@zaynumar0 3 жыл бұрын
Learning this feels like learning a new part of computer science / internet science
@dx9235
@dx9235 3 жыл бұрын
don't like bsc but I do like you video
@jastallion45
@jastallion45 3 жыл бұрын
Another brilliant video 🔥🔥🔥🔥
@Finematics
@Finematics 3 жыл бұрын
Thank you 🙌
@ibnusofyan7721
@ibnusofyan7721 3 жыл бұрын
Hi. I from Indonesia. please. make video about token burn in pancakeswap. i dont understand. thakyou for this video.
@SWNiko
@SWNiko 3 жыл бұрын
The success of Binance Smart Chain just shows that people prefer usability and low transaction fees over security and decentralization
@mycelliumoftheworld4807
@mycelliumoftheworld4807 3 жыл бұрын
Binance may be backed up by zil blockchain to make it defi option possibly
@azmikocaker
@azmikocaker 3 жыл бұрын
I learned so much from you. Cedefi sounds like ChineseDefi 👻, a Timberjack, or a Lumberland shoe. A Chinese copy of a Rolex (a Polex). It would fail in the mid-long term, but ether transaction fee problem should be solved first.
@indureth
@indureth 3 жыл бұрын
I think it will fail as soon as the shilling machine runs out of gas.
@metehan748
@metehan748 3 жыл бұрын
pls add subtitles
@metehan748
@metehan748 3 жыл бұрын
@Finematics How long will you add subtitles?
@rattle_
@rattle_ 3 жыл бұрын
Really funny seeing some people curse BSC while the same users are using their centralised exchange XD
@Finematics
@Finematics 3 жыл бұрын
I can see why they're doing that. Everyone knows that cryptocurrency exchanges are centralized and a lot of people prefer using them for trading and they understand the pros and cons. The problem with BSC is that new people believe they are using a decentralized service which is not the case.
@rattle_
@rattle_ 3 жыл бұрын
@@Finematics Ah yes, that makes sense. It's basically the marketing and nomenclature that people have a problem with. Old timers use it as any other centralised exchange. Just like other DPOS chains like EOS, centralised.
@rattle_
@rattle_ 3 жыл бұрын
@@dl9386 Yes that's why it's just like a centralised exchange, no difference. Treat it as "not your keys not your coins".
@sunscorpio81
@sunscorpio81 3 жыл бұрын
I'm shocked you haven't done a video on PancakeSwap and the rest of the BSC yield farms. Another video idea, what's an Oracle?
@neongenesis8499
@neongenesis8499 3 жыл бұрын
Centralized decentralized finance, we have come full circle.
@Finematics
@Finematics 3 жыл бұрын
yup hah
@justin-fractionalhub5532
@justin-fractionalhub5532 3 жыл бұрын
Haha yeah what a joke.
@Specsy
@Specsy 3 жыл бұрын
@@justin-fractionalhub5532 jokes making me rich
@prometheus1400
@prometheus1400 3 жыл бұрын
Ouroboros
@ranadips
@ranadips 3 жыл бұрын
I honestly don't believe the term CEDEFI, the two terms are contradictions to each other, its closer to a centralized private network which also seems to be able to run DeFi smart contracts.
@shadoninja
@shadoninja 3 жыл бұрын
All the newbs coming to this space don't realize that a centralized blockchain goes against all the reasons blockchains exist in the first place.
@MrNH718
@MrNH718 3 жыл бұрын
Who cares. Gains are gains
@jastallion45
@jastallion45 3 жыл бұрын
@@MrNH718 some can take your gains.. Like the banks. Do
@internetexplorer3558
@internetexplorer3558 3 жыл бұрын
Have fun paying 50 dollars just to send 10 dollars worth of ETH imma keep making gains with with BSC
@dastardlyman
@dastardlyman 3 жыл бұрын
have you used uniswap? have you used pancakeswap? try them for say a year (like i have) and see how you feel then. eth have a crap ton of work to do. their network is completely unfit for volume. it was in 2017 and it still is. i cant believe i have to type this into youtube. eveybody should know that after 4 years eth STILL is not fit for purpose
@shadoninja
@shadoninja 3 жыл бұрын
​@@dastardlyman This is exactly my point. People want scalability now, so they use a centralized chain and tell everyone to "get with the times." These people are all missing the point of blockchains entirely. I honestly don't believe for a second that you used Uniswap for "say a year." You sound very new to this space.
@akinyemioluwasheyi7499
@akinyemioluwasheyi7499 Жыл бұрын
sincerely appreciate the work you've done and the knowledge you share. Technical analysis can be helpful, but I think It is quite puzzling that well-known KZbinrs just pay attention to pure T.A and entirely ignore the bigger narrative of why this digital assets are inflating
@brownsugar5627
@brownsugar5627 Жыл бұрын
It< makes sense, all digital assets is off helping to regulate, rather than pretend it won't ever happen. The big institutions getting in is the catalyst that will launch us into the stratosphere.
@brownsugar5627
@brownsugar5627 Жыл бұрын
Most people don't like change but after the change is made they grow used to it and it becomes a non issue usually because their fears never materialize. The projects that initiated the process of requlation have not been ruined, they got involved in setting guidelines and helping the regulators understand the digital space.
@melaniethompson8251
@melaniethompson8251 Жыл бұрын
We were already in a perilous position and only survived a protracted bear market dump due to historically low volume and nearly whale pumps.
@melaniethompson8251
@melaniethompson8251 Жыл бұрын
that's why i always trade for a weekly return with my portfolio assistant oninstagram who have earned over 18 ETH using his insights and charts.
@ryanmatta4118
@ryanmatta4118 Жыл бұрын
Interesting.... please what's the user Info to look him up the gram with?
@cryptomaximalist5884
@cryptomaximalist5884 3 жыл бұрын
I learned more from this video than watching all the FUD that's being slung on Twitter
@tristanc4699
@tristanc4699 3 жыл бұрын
It would be awesome if you started a serie of videos explaining the differences between each blockchain, you really have a gift to make it understandable. 👍
@tuanha6843
@tuanha6843 3 жыл бұрын
Binance smart chain is simply a practice tool to be used as a stop gap until Eth fixes it issues or Cardano. Imo
@NZRoflcopter
@NZRoflcopter 3 жыл бұрын
Yup I agree. But make hay while the sun shines, I'm going to keep using BSC until I can make the jump to a better platform. Hopefully Cardano Defi isn't too far away.
@asdas6326
@asdas6326 3 жыл бұрын
@@NZRoflcopter bsc yielding much more than ethereum and gas fees are affordable
@Guitareben
@Guitareben 3 жыл бұрын
Fair assessment
@Zoltan_Gyarmathi
@Zoltan_Gyarmathi 3 жыл бұрын
Which will never happen. Cardano will eventually fade without being implemented, while ethereum will become the digital silver without any real use case except long term store of value possibly without even using the blockchain.
@H1ddenT1ger
@H1ddenT1ger 3 жыл бұрын
Way to much people are involved in BSC. It probably started off as a practice project for newbies but it has grown in to a whole eco system of its own. BSC has rocketed since it's launch in ways investors never thought it would.
@ArtyandBanana
@ArtyandBanana 3 жыл бұрын
Money will always go where it is best treated, no matter how you call it
@H1ddenT1ger
@H1ddenT1ger 3 жыл бұрын
BNB & Eth are going to co-exist with each other... Ethereum has way to much more users and investment for it to extinguish. In the other hand BNB has a lot of room for experimentation since it's new. It also has the biggest exchanges behind it binance who are always innovating.
@444theworld
@444theworld 3 жыл бұрын
❤❤❤❤
@pengjoon
@pengjoon 3 жыл бұрын
Love this explanation!
@Finematics
@Finematics 3 жыл бұрын
thanks! :)
@afewthoughts7755
@afewthoughts7755 3 жыл бұрын
Money talks. Binance is reaching 40billion$ in day trading volume now, 20X of Coinbase. Imo technology innovation do matters in the long run BUT the ones doing the best for the user experiences, more widely adoptions, re winning the game. You could argue it's centralized but it delivers the best value to all into this space. For instance, C2C trading, how can DEX like uniswap deliver that value if my fiat wants in? but Binance is able to, FAST and QUICK beating local government regulations, with support.
@SirApesALot
@SirApesALot 3 жыл бұрын
For all those standing on your milk crate preaching about principles, yes blockchains in principle are supposed to be decentralized, but they are also supposed to be for the poor / underbanked, which ethereum has totally priced out of their market. ETH may be more decentralized, but it is also only for the Defi elite at this point, so.....
@bolsaparaprincipiantes
@bolsaparaprincipiantes 2 жыл бұрын
* The Binance Chain was launched by Binance in April 2019, not 2018!
@ziozzot
@ziozzot 3 жыл бұрын
please make a video about xdai it has all the benefits of BSC but with dai as native currency and multiple bridges to other EVM chains like mainnet and even BSC
@JoseManuelOchoa8a
@JoseManuelOchoa8a 3 жыл бұрын
Avalanche and Pangolin exchange are already running faster and cheaper than Ethereum, with better returns as liquidity provider, liquidity mining program, and total decentralization and security. We don’t need centralized Binance BSC Bulls**t.
@noticemesenpai69
@noticemesenpai69 3 жыл бұрын
As much as you may hate BSC, the reality is Eth is way too expensive for the average user right now.
@MarcusSantAnna
@MarcusSantAnna 3 жыл бұрын
This people is so angry with Binance just because it reduced the 100 usd fee to near zero. Be thankful to ChangPeng Zhao who did what none of you badass were capable to do. Or go back to pay 80usd for a quick flip
@onekesi1934
@onekesi1934 3 жыл бұрын
That's not the point. It's how much risk is he exposing people to. If a gov shuts the whole thing down. Not to clever my friend.
@peterhughes2011
@peterhughes2011 3 жыл бұрын
@@onekesi1934 crazy comment from a lunatic
@kevinmeyer3863
@kevinmeyer3863 3 жыл бұрын
Honestly, props for your videos. Keep on doing the great research.
@Finematics
@Finematics 3 жыл бұрын
thanks!
@tosunabi1664
@tosunabi1664 3 жыл бұрын
Binance Smart Chain has already started to have difficulties processing transactions and probably will break eventually. I put my money on Ethereum.
@MrFlytoskyyy2
@MrFlytoskyyy2 3 жыл бұрын
any chance for a vid on cardano mary and goguen forks?
@Finematics
@Finematics 3 жыл бұрын
hmm maybe :)
@or5916
@or5916 3 жыл бұрын
@@Finematics Please do that! Would be amazing...
@AlePhob
@AlePhob 3 жыл бұрын
@@Finematics Agree! Or explaining how ouroboros differs from other PoS solutions would be great, tried reading the paper but lots of stuff unclear for me :(
@JohnJohn-yr7fu
@JohnJohn-yr7fu 3 жыл бұрын
would love to watch it if u do make it
@AlexlikesRamen
@AlexlikesRamen 3 жыл бұрын
A moment of silence for TRX
@TheBanterCity
@TheBanterCity 3 жыл бұрын
😭😭
@panjiwidyasmara1112
@panjiwidyasmara1112 3 жыл бұрын
lol
@kyleseanhughes8117
@kyleseanhughes8117 3 жыл бұрын
No matter how attractive BSC looks. Blockchain was built for one purpose and that is to put power back in the hands of the people. Ethereum was basically handed to us so that we can build systems that free us from this slave system and in classical self destructive human fashion we go and support systems which aim to keep us enslaved. When will we learn? ... #SupportOpenSource
@aenmrkt2854
@aenmrkt2854 3 жыл бұрын
cedefi is kinda weird! government can control the coin and can't control the coin because of DEFI..
@sreaht
@sreaht 3 жыл бұрын
If you guys want to promote your tokens just go to reddit ---> r/BSCGEM
@rccpromotions
@rccpromotions 3 жыл бұрын
Great video! Basically binance chain just copies other people's hard work and then gives people a centralized censor-able version of it. Matic is way better. As time goes on this space will always need innovation, and if you grow by copying people you will never have the advantage of being the innovator.
@tubytootoo
@tubytootoo 3 жыл бұрын
I’m a bit of a noob and so this is super helpful. I personally think that cedefi, though it’s derided by defi purists, has a place in the crypto markets in that it operates within the greater confines of the defi world. I see it similar to different states in the US. If you don’t like the way one state is run you can leave it for another. Same thing as counties and towns. Therefore a cedefi application is still ultimately subservient to defi protocols were it to fault on defi principles. I could be wrong though, still figuring it out.
@earnfree989
@earnfree989 3 жыл бұрын
Sir can you help me i have a balance in binance smart chain wallet 0.4cake And i can't withdraw it
@StephenLee529
@StephenLee529 3 жыл бұрын
I think ETH needs to get it together because many are playing on BSC. I’m not a fan of the centralization but it allows me not to have to pay such high transaction fees.
@MarcusSantAnna
@MarcusSantAnna 3 жыл бұрын
This people is so angry with Binance just because it reduced the 100 usd fee to near zero. Be thankful to ChangPeng Zhao who did what none of you badass were capable to do. Or go back to pay 80usd for a quick flip
@Finematics
@Finematics 3 жыл бұрын
Tron did the same thing way earlier than Binance
@overbet56
@overbet56 3 жыл бұрын
Could you make a video on pancake swap and explain whether it’s a high risk ponzie or has some legit usages? The farming APY is insane right now but it seems very high risk.
@chuckavelli
@chuckavelli 3 жыл бұрын
Not a ponzie. Pair Pancake Swap with Pancake Bunny - and the yield is as rich as it appears. Connected to a Crypto Visa card - the system is a money printer.
@rs-4733
@rs-4733 3 жыл бұрын
It’s a ponzi, but it won’t crash for a while yet
@sunscorpio81
@sunscorpio81 3 жыл бұрын
Another video idea, the complete math breakdown of what makes one LP token for any crypto pair.
@yas0o0o
@yas0o0o 3 жыл бұрын
Awesome video! Hope you can make a video on liquidity bootstrapping as alot of companies are now starting to do that with their coins.
@MrBachChoy
@MrBachChoy 3 жыл бұрын
Waiting for a video explaining how you feel the crypto economy will be taxed or "regulated" in taxes by the govt.
@Alphrant
@Alphrant 3 жыл бұрын
well if you think about it, it doesn't look that impossible. I can see the governments be like "give us the public signatures of your wallets so we can track your transactions". Ofc they won't be able to forcefully take taxes, but they could find some ways to make us want to pay them like linking them to pension etc.
@MrBachChoy
@MrBachChoy 3 жыл бұрын
@@Alphrant I mean binance, Gemini, coinbase, etc. All have KYC (know your customer) regulations in place but you still have to use Kointracker or some other app that can sync all your transactions and put a tax paper trail on your net loss and gains to report to the IRS I just think finematic can make a very digestible video on explaining that for his viewer base because I feel like it's a topic that isn't really covered well enough.
@toetungsdellkt
@toetungsdellkt 3 жыл бұрын
You have to pay taxes in several countries already, lol
@jackhenry1899
@jackhenry1899 3 жыл бұрын
You left out one major detail... US IP addresses can’t participate on the Binance smart chain.
@peterhughes2011
@peterhughes2011 3 жыл бұрын
Either you're lying deliberately or more likely you got nfi. Because that's not true.
@amaninikelle
@amaninikelle 3 жыл бұрын
Avax & Pangolin Exchange...
@thebitcoinexpress8781
@thebitcoinexpress8781 3 жыл бұрын
Thanks for your feedback. For intense assets analysis...write my trusted analyst Mrs Joel Esther for guidance W. ..h. T...S ..A p..p +1 ...7...1...4...7...9...8...4...2...3...2....
@CryptoShinobi27
@CryptoShinobi27 3 жыл бұрын
It is possible to add more languages ? Your videos are awesome. I think that more people need to educate about that technology. Maybe use your community? I can create Polish transcription if you want and send it to you. I watch all your wideos
@Finematics
@Finematics 3 жыл бұрын
Thanks! So far I'm relying on the automatically generated subtitles that are not always accurate. I could also create Polish subtitles (I'm Polish too), but I usually don't have enough time to do it and I'm not sure if there is a need for it - only 0.8% of all the views are from Poland. It's awesome that you'd like to help - appreciate that!
@prometheus1400
@prometheus1400 3 жыл бұрын
I can create German Subtitles for you. I'm a computer engineering student from Germany so I know all the TechWords in English as well as in German. It would be a pleasure to me to translate your videos. Your channel is amazing and you have the ability to describe these topics simple enough for the average Joe to understand it. Keep going !!!
@prometheus1400
@prometheus1400 3 жыл бұрын
@@Finematics Just leave a comment below my comment or send a DM if you're interested in German Subtitles. I'll do it for free to support the growth of this channel.
@maxibove
@maxibove 3 жыл бұрын
Thank you for sharing! Maybe you can do a video about Cardano and where it stands in the scalibility trilemma (and maybe a comparison between different L1 blockchains) I think that is a big topic nowadays.
@jacobjche
@jacobjche 3 жыл бұрын
Can u do solana?
@Lejinad69
@Lejinad69 3 жыл бұрын
Funds are safu
@kenberrymsc739
@kenberrymsc739 3 жыл бұрын
Well, the market for BSC network is clearly limited to those who do not have a hang-up about the centralized component or are not able to subscribe to Binance for whatever personal beliefs or jurisdictional regulation. But it has delivered de-fi projects in a cost-effective manner to those who appreciate that.
@HispanicAt7heDisco
@HispanicAt7heDisco 3 жыл бұрын
I'd flip it around. Sounds like Defi might be the one with a limited audience. Cedefi offers the convenience and speed of Defi while allowing a singular entity greater control and responsibility. To people getting into the space that only care about convenience, and not decentralization, that might be a more compelling offer as it has the potential to grant the best end-user experience. At the end of the day, the average person is perfectly content giving all of their info to Google if it means they don't have to pay to use it. I could be wrong, but right now I'm looking at it as a case of Apple's complete ecosystem VS the fragmentation of Android/Linux.
@MyboyMikele
@MyboyMikele 3 жыл бұрын
Do a video on NFTs thanks
@cristianpopecu7970
@cristianpopecu7970 3 жыл бұрын
Hi dude! Aprettiates for the video!I have a question: I’ve heard a lot about WINR tokens. Ppl speeching a bright future for these tokens. Should I purchase it?
@pablowasserman
@pablowasserman 3 жыл бұрын
13:40 "like Optimism fully launching in a matter of weeks" still waiting :D Great video as always, thank you! your channel is awesome, keep it up!
@skrrtisdoteth5509
@skrrtisdoteth5509 3 жыл бұрын
Always get high quality videos from you, thanks for presenting information in a digestible manner. Binance is essentially a copy of Ethereum with tweaks to increase scalability (lower fees and larger blocks) while sacrificing security and decentralization. Shady. Personally, I think ETH will win in the long run, but it seems like there are short term incentives for people to use BNB depending on how much they care about BNBs careless solution to the trilemma.
@skrrtisdoteth5509
@skrrtisdoteth5509 3 жыл бұрын
Kind of realizing this is one of the downsides to these open-source projects in crypto. Code can be copied, modified, and labeled as its own product. Looking at you DOGE. :)
@indureth
@indureth 3 жыл бұрын
@@skrrtisdoteth5509 you can copy, but you need to offer value to the users. BSC value proposition is speed and low fees, I do not think it Will be enough in the long term as level 2 implementations will come to propose the same in Ethereum without sacrifizing descentralization.
@Palaxz
@Palaxz 3 жыл бұрын
I would favor more ETH in ETH VS BSC; but ETH2 is not out yet. BSC while not great in terms of security and decentralization, may still solve these problems in the future if it wants. Therefore future may still hold some surprises.
@cecilechau7932
@cecilechau7932 4 ай бұрын
interesting, even no block rewards, POSA protocol, tindermint, higher throughput,
@kasperluyckx2750
@kasperluyckx2750 3 жыл бұрын
Good video, explaining it well. It's an interesting phenomenon, which I believe shows that the average consumer care more about cost and user experience than about things like security and decentralisation. That's why in traditional markets we have regulation to protect consumers. One thing which would be interesting to cover is the Ce aspect of it, i.e. in order to do for example lending on BSC you need to wrap your ethereum based tokens. Where are those tokens being held? And what happens to this entire construct if Binance were to go under? Are the users exposed to counter party risk vs Binance?
@seeitfrommyhouse5816
@seeitfrommyhouse5816 3 жыл бұрын
created the wallet today.. first i withdraw BUSD from Binance US in Bep2 format the sent to the Binance Chain network but not Smart Chain so i cant use my BUSD on Pancakeswap then I did another withdraw BUSD from Binance US with the Eth address then it was sent to the ETH network chain not Binance Smart Chain ntwork! How do i get my BUSD from the other networks on the same wallet to the SMARTCHAIN network so i can use the BUSD on pancakeswap??? Binance US never gave me a BEP20 option for smartchain from withdraw option! Now i have a few grand in BUSD in the Binance Chain wallet & Binance chain Eth Wallet..so my BUSD is on different networks then the SMARTchain Wallet i needed the BUSD in. now I can't find a way to get my BUSD into the SMARTCHAIN NETWORK wallet so i can buy from pancakeswap! frustrated as hell
@oscarptesta2379
@oscarptesta2379 3 жыл бұрын
Right now people use defi to make money, not for security or desentralization. That's why PCS and BSC is growing so fast and ethereum not.
@emmanuelmonforte9928
@emmanuelmonforte9928 3 жыл бұрын
This made me realize that I'm stupid. I didn't understand a thing.
@smartchain1565
@smartchain1565 3 жыл бұрын
sorry you can WhatsApp the customer service on this 1::4::1::3::7::4::9::3::0::5::4
@realone9849
@realone9849 3 жыл бұрын
@@smartchain1565 LOL
@adrian_barreto
@adrian_barreto 3 жыл бұрын
Landed here searching for Binanace Smart chain.. Went ahead to watch the video after reading a few comments... Thank you for the step by step explanation.
@etienneparent2184
@etienneparent2184 3 жыл бұрын
If you want to funnel traditional financial assets on DeFi, you need to get through a regulated portal first. I think something like BNB/ALBT can achieve this. Definitely looking at cross-platform insurance too and keeping some money on eth to hedge against "centralized" aspects.
@PhucNguyen-hr5ue
@PhucNguyen-hr5ue 3 жыл бұрын
Newbie question please, if BSC doesn't have block reward, then how does the BNB got distributed and circulate in the first place?
@kingtigerhd481
@kingtigerhd481 3 жыл бұрын
From Binance itself, making it centralised and defeating the purpose of blockchain technology in the first place
@PhucNguyen-hr5ue
@PhucNguyen-hr5ue 3 жыл бұрын
@@kingtigerhd481 so they just issue the token and sell it like a central bank?
@sidkumthekar4614
@sidkumthekar4614 Жыл бұрын
great video...QUCIK QUESTION : Where does the Bep20 come into play here? Do you have any guide for it ;)
@luciannoshow
@luciannoshow 3 жыл бұрын
Why are you not talking about Terra Luna Ecosystem? They are massive in Asia, please check Mirror Protocol and Anchor Protocol. Luna will be a TOP 5 project by the end of 2021. Please do research. Luna has 2.5 million crypto non users who pay with Luna every day in Asia.
@stephen.bohner
@stephen.bohner 3 жыл бұрын
I don't think it has to be one or the other, ETH and BSC can co-exist quite nicely. If you want the decentralization you can pay the premium, or you can spread your risk in other decentralized assets such as BTC. View crypto as an entire sector of your portfolio and it will make much more sense that this is not one or the other. Especially if you are younger you should have a MINIMUM 10% exposure to crypto imo. Cheers!
@infopocalypse5006
@infopocalypse5006 3 жыл бұрын
make an Odysee(LBRY) channel please!!
@persahamanduniawi7323
@persahamanduniawi7323 3 жыл бұрын
Finally i could see u share about BSC. Thanks!
@olgringold5142
@olgringold5142 3 жыл бұрын
Yes, a decentralized solution will always be better than a centralized one when it is also scalable and secure. However, finance is first and foremost about making money. DeFi wouldn't be successful if it wasn't vastly superior to centralized finance in terms of how much money there is to be made. CeDefi, at current, is more profitable for most people because it is more scalable. Even when DeFi catches up, there will still be certain opportunities present in CeDefi that will capture at least some of the market share. This is why it's really just limited to Defi that is getting the adoption in the Binance Smart Chain, but also why it will always be successful.
@Sorpendium
@Sorpendium 3 жыл бұрын
If layer 2 solutions fixed layer 1 problems there would be no need for ETH 2.0.
@zenderady
@zenderady 3 жыл бұрын
Such a cringe video. Stating that BNB will not be able to be run on normal computers when ETH made the same exact compromise.
@XiaoningLi
@XiaoningLi 2 жыл бұрын
unfortunately, 6 months later, the fees on the ethereum based defi including polygon based sushi etc, are still very very expensive! it cost hundreds to use these services, sigh...
@amschelco.1434
@amschelco.1434 3 жыл бұрын
Nice explaination sir now i understand crypto well.. does this mean those block chains arent yet perfect?
@jokerface345
@jokerface345 3 жыл бұрын
this was made recently i appreciate the explanation of BSC but average eth block times hasnt been 13s average in so long
@mistercat141
@mistercat141 3 жыл бұрын
DEFI eth only useable for rich dude.. CEFI bnb for everyone !!
@thureintun1687
@thureintun1687 2 жыл бұрын
If polygon would have come long before, BSC wouldn't even be a thing
@markclemmens2862
@markclemmens2862 3 жыл бұрын
Defi on bitcoin is the future and will make even ETH irrelevant. Proof of stake is central banking as we know it now.
@Akbar-ku8ub
@Akbar-ku8ub 3 жыл бұрын
After years binance chain don't be useable with this GB problems
@paricksar
@paricksar 3 жыл бұрын
love and appreciate your content so much! the posts on the your website that accompany the video are so useful!!
@Finematics
@Finematics 3 жыл бұрын
thanks! :)
@Warung-AI-Channel
@Warung-AI-Channel 3 жыл бұрын
Binance Smart Chain = Smart Contract in the Centralized ecosystem🙄
@messiiileo1456
@messiiileo1456 2 жыл бұрын
Pls People need help here. I send eth to my direct wallet efter I aktivate it on binance. Now i know its wrong way to do it but can I get my eth somewey?
@luq28
@luq28 3 жыл бұрын
So confusing , defi , proof of work , proof of stake , smart contracts . Am I the I kh one who doesn’t get it .
@iBuyBitcoin
@iBuyBitcoin 3 жыл бұрын
U have a such a soothing and soft voice. Nice informational video 👏🏽
@GreenfieldPortfolioResearch
@GreenfieldPortfolioResearch 3 жыл бұрын
your content is so very good. many thanks for your valuable time. best and success!
@alexk4096
@alexk4096 3 жыл бұрын
When video about Polkadot?)
@Finematics
@Finematics 3 жыл бұрын
soon :)
@tanusreesett4665
@tanusreesett4665 3 жыл бұрын
Honestly, props of your videos. Very explained great project that has a great community. Thank you.
@Finematics
@Finematics 3 жыл бұрын
thank you!
@theproductofamerica
@theproductofamerica 2 жыл бұрын
If you got Spooky Face crypto that would be lit!
@marklanddiston1821
@marklanddiston1821 3 жыл бұрын
Love your content, please give us more
@jimdegroot8607
@jimdegroot8607 3 жыл бұрын
Your video's are top level. Thank you so much for making them. I really enjoy watching them over and over again.
@Finematics
@Finematics 3 жыл бұрын
Amazing! Great to hear :)
@hippyraveguy5026
@hippyraveguy5026 2 жыл бұрын
Sharting?!?!
@eduardobcastro14
@eduardobcastro14 3 жыл бұрын
Can the network survive if Binance vanishes?
@terrencemckenzy3679
@terrencemckenzy3679 2 жыл бұрын
awesome thank for the understanding
@ShawnShaddock
@ShawnShaddock 3 жыл бұрын
This was a great explanation, please do one on SmartBCH!
@flavio_souza
@flavio_souza 3 жыл бұрын
money does not care is it s decentralized or centralized!
@technopedia6370
@technopedia6370 2 жыл бұрын
Will go for eth 2.0 with polygon
@strawberryani18
@strawberryani18 2 жыл бұрын
So where's that cute accent from?
@hoperiki4390
@hoperiki4390 3 жыл бұрын
Can u explain the security aspects of yield farming in general, with all that rug pulling going around ….. What is proxy contract, time lock and other terms that they keep talking about , can we trust auditing ….. In a layman’s terms…… ish .....thank you in advance :)
@Chase_spelled_like_Jimi
@Chase_spelled_like_Jimi 3 жыл бұрын
Possible future, maybe a combination of the two. If were talking about going fully crypto. We may need cedefi to allow us to have something to comapre the defi market, to solve the problems of tax and unpredictable circumstance.
@alaad1009
@alaad1009 3 жыл бұрын
Spread the knowledge 👌
@parsanoori8217
@parsanoori8217 3 жыл бұрын
Binance's attempt is effortless since the winning paper of all Block-Chain based technologies is keeping their value by a work or any meaningful mean of making an effort for achieving something not by words.
@rs-4733
@rs-4733 3 жыл бұрын
Chinese are great at copying 😆
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