

A detailed overview of HashBit’s HBC20 Chain and why Blockchain users should pay attention.
HBIT launched the BEP20 token on BNB Chain on October 26, 2022, with a public auction. The remaining HBIT sum was allocated to the investors who participated. So, what are the major aspects of our HBC20 chain and why was it required?

HBC20 Chain
HBIT. HBC20 Blockchain is HBIT's most recent release, a POA (proof of authority) Blockchain that enables Smart Contracts. Because it is a compatible EVM Blockchain, all Dapps on Ethereum and other EVM Blockchains may be easily transferred to HBIT. HBC20 According to the POA, the Blockchain and its blocks are administered by Approved Validators via a voting system of the other Validators. Once a validator is approved, he begins to confirm and produce blocks in the Blockchain and then makes it work together with the other validators. But this is a very brief introduction to what HBC20 Chain is capable of, so let's get into the details.
Smart contracts are lines of code that run automatically when a certain condition is satisfied. They are known as decentralized applications (dApps) in the crypto community and are most popular on the Ethereum network. At this stage, it is critical to ask whether HBC20 is good enough to be used globally. Most importantly, how does HBC20 stack up against Ethereum, the dominant smart contract platform at the moment?
It's worth noting that HBIT chose to build a second blockchain after HBIT rather than upgrade it, even though it was possible. According to the HBIT, adding smart functionality to the HBIT blockchain would have slowed network speed and made it less efficient. Smart contracts have a history of clogging up host networks, as evidenced by the December 2017 CryptoKitties problem on Ethereum and, more recently, the Solana network.
HBIT's best choice was to establish a parallel blockchain to house smart contracts that would be compatible with Ethereum, the dominant dApp network. Building a completely new blockchain from the ground up appeared to be a bad idea for HBIT, which was racing against the clock to capitalize on the decentralized finance (Defi) and non-fungible token (NFT) crazes. Ethereum is the de facto 'King of dApps,' and the open-source nature of its programming may have made it simple for HBIT to split it.
HBC20 Basic
To have a deeper understanding of HBC20, we must examine its attributes in greater depth to see what distinguishes it from every other blockchain on the market. This section delves into its components, such as its foundational principles, the consensus mechanism, and the ecosystem. After only a few months, the blockchain appears to be quite promising. It may be useful to look back and evaluate how far it has evolved, as well as whether any noteworthy changes have occurred.
HBIT designed HBC20 with three main ideas in mind that inspired the blockchain's architecture and development. They are as follows:
Stand-alone Blockchain - HBIT required the HBC20 to be a stand-alone blockchain from the HBIT Chain. The decoupling of the two blockchains ensured that there would be no service outages if one of them failed. Separating the two networks also allowed HBIT to adopt new technologies that were either not previously used or had negative side effects.
Ethereum Compatibility - The most popular smart contract platform, Ethereum, did most of the heavy lifting for HBIT. It had a big user base, miners, and developers. Despite issues such as high gas prices and security concerns, the network has outperformed the competition. HBIT chose not to reinvent the wheel, instead using what worked for Ethereum with a few tweaks, most notably the consensus method.
Native Cross-Chain Communication – Although HBIT chose to construct HBC20 as a parallel chain to HBIT, it ensured native cross-chain compatibility between the two blockchains. Tokens on the HBC20 network may be exchanged using Metamask, TrustWallet, and any other wallet that supports BNB Chain.
Some of the other features are:
Blocks Every 5 Seconds
The time it takes to mine a block is defined as block time. There is an expected block time and an average block time in both the Bitcoin blockchain and the Ethereum blockchain. The predicted block time in Bitcoin is 10 minutes, while in Ethereum, it is between 10 and 19 seconds. In the past, Ethereum also used a distributed consensus algorithm based on proof of work. The expected block time is set to a fixed number to ensure that miners do not compromise network security by adding more computational power.
After each block, the network's average block time is evaluated; if it is larger than the predicted block time, the difficulty level of the proof of work algorithm is reduced; if it is less than the expected block time, the difficulty level is increased. That is the fundamental design philosophy underlying block time, but you will see how bitcoin and Ethereum differ as we go along.
As you may have guessed, block time is the average time it takes the network to generate one more block on the blockchain. HBC20 is a blockchain that generates new blocks every five seconds. By the time the block is finished, the included data is verified. Because this is where the money transaction occurs in cryptocurrency, a shorter block time means speedier transactions for HBC20.
Up to 100,000 Transactions per Second for HBC20
TPS (transactions per second) is the number of transactions that a blockchain network can complete in one second. It reflects the pace of a blockchain since it demonstrates how scalable and speedy the network is. TPS is also known as the throughput rate. However, TPS isn't the only factor that influences the speed of a blockchain. Transaction finality time (the time it takes to confirm an immutable transaction) is equally essential. These parameters describe the scalability of a blockchain network, which is the network's ability to handle an increasing number of transactions.
Maintaining high transaction speed, decentralization, and security at the same time has been a major difficulty for blockchain inventors, dubbed the "blockchain trilemma" by Ethereum co-founder Vitalik Buterin. Scalability is essential for a blockchain network's effectiveness as well as its overall best user experience. As a result, HBC20 prefers to create various technologies to boost network throughput and, as a result, prioritize scalability over decentralization and security. This means it can manage Up to 100,000 Transactions per Second.
In an age of quick pleasure and short attention spans, especially in financial transactions, speed is critical. Recent events in the crypto sector, however, have demonstrated that decentralization and security are equally important. One example is the sequence of disruptions experienced by the Solana network, with the most.
With a throughput of 50,000 TPS and an average transaction cost of $0.00025, NFT and DeFi developers were flocking to the Solana blockchain. The network saw high traffic as a result of bots attempting to trade NFTs, which overwhelmed the network's nodes. A "bug" was also named as the source of one of the earlier outages. These occurrences highlighted the negative consequences of the network's trade-off, which sacrificed security and stability for speed.
Another incident, this time using the EOSIO network, demonstrates the pitfalls of the blockchain trilemma. On suspicion of suspected theft, EOS froze seven accounts. This action, however, was met with harsh criticism because it was undertaken by only 21 elected block producers, bringing into question the network's decentralization. While transaction speed is vital, so are security and decentralization. After all, they constitute the foundation for the initial development of blockchain technology.
This is where HBC20 comes in to fix the problems to make transaction speed an important statistic in the broad use and adoption of blockchain technology. The HBC20 blockchain has exhibited tremendous scalability, which is an essential prerequisite for future blockchains. As a result, HBC20 will dominate web 3.0 because it maintains appropriate transaction speeds without losing security or decentralization.

Let's further talk about what advantages HBC20 will provide.
HBC20 has more benefits than any other blockchain network. It makes no concessions in any area to become a better alternative for hosting blockchain apps, but these choices may not endear it to other crypto consumers. So, what makes it a more appealing smart contract platform than other market players? Here are a few of the reasons.
Transaction speed - HBC20 is now one of the quickest smart contract platforms, which contributes to its rapid growth. Blocks are generated every five seconds, as opposed to 13 seconds for Ethereum, making it at least four times faster.
Low gas fees - Each transaction on the HBC20 Blockchain costs roughly 0.000021 HBIT, with smart contracts costing somewhat more; all prices are listed in the documentation, depending on the kind of transaction.
Cross-chain compatibility - HBC20 will not only be compatible with the Ethereum virtual machine (EVM), but it will also support pegged coins from numerous other blockchains, allowing users to create several tokens for usage on the network. Token liquidity, usability, and value are increased through cross-chain compatibility.
HashBitPAD - An Official Platform where projects may be exchanged by forming Pools and offering liquidity in a completely decentralized manner. Launch your own initiatives on the LaunchPad to raise funding and distribute your Tokens to investors.
NFT, Creation, and Marketplace - Here, anyone can make, sell, or purchase NFT collections made on the Blockchain.
Browser Wallet - A browser-based wallet that allows users to manage their HBITs and Tokens in one location.
Token Creation Tool - A simple tool for creating your own Blockchain Token.
Mobile Wallet - A smartphone app that allows you to manage your coins. More to come, and we're confident that many developers will begin developing applications on the HBC20 Blockchain.
Conclusion
HBC20 is a strong blockchain network that, in comparison to Ethereum, offers less in terms of innovation. The blockchain has advanced far faster than competitors in less than two months. It is worth mentioning, however, that Ethereum has previously executed a chain upgrade, which resulted in a migration from a PoW consensus process to PoS, which has increased its speed, albeit not everyone is happy with it. In terms of scalability, this update will not be adequate to defeat BNB Chain-based blockchains like HBC20.
As we haven't covered everything there is to know about the HBC20, including TPS and Block time, it is an exciting time for blockchain and cryptocurrency in general, and we strongly encourage you to dig in and learn more.
Visit the official website of Hashbit and follow them on all socials below to learn all ecosystem and project details.
Website | Twitter | Telegram |
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InfStones Global will contribute to Core Network’s stability by becoming a validator.
InfStones Global Announce Partnership with Core DAO
InfStones Global has partnered with Core DAO to become part of the network’s Validators. The protocol becomes the latest Validator in the Core ecosystem, after Everstake, to contribute to the network's stability.
InfStones Global is a Web3 infrastructure platform supporting over 70 blockchain protocols in the industry. The platform will verify transactions and run secure and reliable nodes for the Satoshi Plus consensus. InfStones shared details of the partnership on February 2nd through Twitter.
1/2 Exciting News! We are happy to announce our collaboration with @Coredao_Org. 🎉
— InfStones Global (@InfStones) February 2, 2023
We are now a validator on CoreDAO and we will collaborate together to provide a secure and stable network for the CoreDAO Community.
$CORE #CoreMainnet #Web3 #CoreDAO pic.twitter.com/8kcMkMoGlf
The blockchain platform aims to provide a secure and stable network for the Core DAO community. Asides from Everstake, InfStones will also join other Validators like WolfEdge Labs, Ardennes, UnParrallel, and Positron. Together, they will maintain Core’s blockchain integrity by confirming and validating transactions.
You can check the Core DAO Validator page to see the complete list of Validators.
What is Core DAO:
Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem's history and an even greater excitement for Core’s role in its future.
Where to find Core DAO:
Website | Docs | Twitter | Discord
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BNB Chain continues to outpace its competitors in several emtrics, kicking off 2023 leading the pack once again.
BNB Chain Addresses Grow 5% in January 2023
BNB Chain ended January 2023 with the most unique addresses of any blockchain network at just under 250 million.
BNB Chain’s address unique address accounts grew by 5%, according to data shared by Coin98 Analytics on Twitter. Ethereum and Polygon both came in second and third with around 220 million addresses each. Fantom wallets grew the most, going up 26% to over 42 million.
End of 1/2023#BNBChain/ #Ethereum / #Polygon have the highest total addresses pic.twitter.com/5j89Cmqnx2
— Coin98 Analytics (@Coin98Analytics) February 2, 2023
According to the January Industry Report from Sara Gherlas of DappRadar, the crypto industry saw an average of 1.7 million daily Unique Active Wallets (dUAW) in January 2023. The dUAW was down 9% from December 2022.
BNB Chain saw over 392,000 dUAW, according to Gherlas’ report. This was a decrease of 39%, yet still put the chain second overall for the month.
BNB Chain represents over 23% of all dUAW in Web3. The chain has long outpaced its competitors in the metrics of wallets and overall activity, despite recent decreases in comparison to its competitors.
The crypto industry continues to grow and grow despite facing a major marketing scar from the epic collapses of 2022. Total addresses across the industry show that multichain growth continues. The overall volume increase in Total Volume Locked (TVL) on Decentralized Finance (DeFi) also indicates a return to medium following the FTX collapse.
What is BNB Chain:
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
Find more about BNB Chain here:
Website | Twitter | Discord | Telegram | GitHub |
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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The crypto industry saw incredible growth in January and also experienced fewer exploits than all months in 2022.
Few Exploits in January for Crypto and Web3
The blockchain industry had only eleven exploits in January 2023, of which four occurred on BNB Chain, the most for any chain.
The exploits resulted in a total loss of over $14 million, according to the January Industry Report from Sara Gherghelas of DappRadar. The amount lost in January was lower than in previous years. LendHub suffered the largest loss of over $6 million via the HECO network.
“January 2023 saw 11 blockchain exploits that resulted in a total loss of $14.6 million,” Gherghelas writes. “The majority of these exploits occurred on BNB Chain, with four incidents recorded. Despite this, the amount lost in January 2023 was lower compared to previous years, marking a positive trend for the blockchain industry.”
The report from Gherghelas outlines an overall positive month from the entire industry, highlighted by increasing volume in Decentralized Finance (DeFi) and Non-Fungible Token (NFT) sales.
Other highlights from the report include:
- BNB Chain had the second most daily Unique Active Wallets (dUAW) at 392,882, down 27% from December
- PancakeSwap was the most popular BNB Chain Decentralized Application (Dapp) with 1.29 million UAW
- Solana was the top-performing chain, growing 70% to 53,683 dUAW
- Ethereum increased its dUAW 39% to 116,255
- Lido grew to over $8 billion in Total Volume Locked (TVL) the largest in all crypto
- NFT trading volume jumped to over $946 million
Check out the full report from DappRadar here.
What is DappRadar:
DappRadar started in 2018, by bringing high-quality, accurate insights on decentralized applications. The company quickly became a go-to, trusted industry source. The platform hosts over 13,000 dapps from over 47 networks and chains. It also offers comprehensive NFT valuation & portfolio management and lead the way in data-led, actionable industry reporting.
Where to find DappRadar:
Website | Twitter | Telegram | Discord |
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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A quick guide on how to withdraw Pi from the largest marketplace on the mobile mining blockchain.
Easy Steps to Withdraw Pi
Pi Chain Mall (PCM) launched its highly anticipated Pi withdrawal function on February 1st, allowing users to withdraw their holdings.
As of writing, users can only withdraw 50 Pi daily, while the largest Pi Network marketplace works on increasing the withdrawal threshold.
Given the feature’s significant adoption from Pioneers across the crypto space, here is a quick guide on how to withdraw Pi from the platform:
- Open the Pi Browser application and visit the PCM official website (pipcm.com).
- Click on Account in the bottom right-hand corner of the homepage.

- Login to your account and click on “Wallet.”

- On the next page, click “Cash Out.”

- Input your email address to receive the email verification code valid for 10 minutes.

- After verifying your email address, click on Google Authenticator. On the next page, you will be prompted to download the application.
- If you have installed it, copy and paste the 2FA key into the Google Authenticator app to receive the 6-digit verification code.
- Withdraw your Pi.
What is Pi Network:
Pi Network is a novel cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining the device’s battery. Pi’s blockchain secures economic transactions via a mobile meritocracy system and a full Web 3.0 experience where community developers can build decentralized applications (dApps) for millions of users.
Where to find Pi Network:
Website | Twitter | LinkedIn | Facebook | Instagram |
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Binance and BNB Chain team members are participating in several events in the region to help strengthen the ecosystem's influence.
Central Asia and MENA Gain Crypto Attention
Both BNB Chain and Binance have made headlines in the first days of February as each has attended or announced upcoming events in the region. The region represents a stronghold for Binance where it is home to several operating licenses.
Representatives from Binance, Binance Academy, BNB Chain, and TrustWallet attended the Digital Almaty International Forum in Almaty, Kazakhstan. The team members hosted a panel at the event which featured BNB Chain's Head of Developer Relations, Zoe Wei. Binance received a license to operate in the country in late 2022.
Representatives of Binance, Binance Academy and Trust Wallet recently gave a panel presentation at Digital Almaty. It featured BNB Chain's Head of Developer Relations, Zoe Wei.
— BNB Chain (@BNBCHAIN) February 2, 2023
The panel discussed blockchain development in Kazakhstan and the CIS region! 🇰🇿 pic.twitter.com/fRS5hCPCY7
Binance CEO, Changpeng Zhao (CZ), also seems to be making rounds in the MENA region. CZ will be speaking at the Satoshi Roundtable IX in Dubai on February 3rd. The famous CEO also tweeted about how many events are happening around the United Arab Emirates. Binance secured an operating license in Dubai in Spring of 2022.
A lot of crypto people in UAE now. There are crypto conferences everyday, non stop.
— CZ 🔶 Binance (@cz_binance) February 2, 2023
And finally, BNB Chain announced it will be partnering with Fellaz to bring Non-Fungible Token (NFT) ticketing to the Ultra Music Festival in Abu Dhabi on March 4 and 5, according to a February. 1 blog post from DARDANIA.BNB. The major EDM festival will implement a seamless and secure Web3 ticketing experience for attendees.
"Our NFT ticketing solution will allow for the use of NFTs to provide a secure and tamper-proof way to verify ticket authenticity and offer a convenient experience for fans,” said Alvin Kan, Director of Growth and Ops at BNB Chain in the blog. “This is a major step forward in the use of blockchain technology in the entertainment industry and we're confident it will set a new benchmark for Web3 fan engagement and entertainment applications."
Binance also held a Women in Crypto event in Dubai on February 2 that had several panels, keynote speeches, and a speed networking portion. The event hosted dozens of women interested in blockchain and Web3.
Thank you to everyone who attended our #WomenInCrypto event in Dubai!
— Binance (@binance) February 2, 2023
The #Binance team had a great time speed networking with the local community and listening in on discussions featuring a number of female thought leaders in today's industry. pic.twitter.com/1byyLifhh2
What is BNB Chain:
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
Find more about BNB Chain here:
Website | Twitter | Discord | Telegram | GitHub |
What is Binance:
Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.
Where to find Binance:
Website | Twitter | Discord | Telegram |
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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