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The prominent hands behind the developments of dApps are well aware that projects like Ethereum (ETH), Binance (BNB), and Runfy are the most prominent projects shaping the future of the crypto industry.
Last updated Sep 30, 2022 at 02:23 AM
Posted Sep 30, 2022 at 04:00 PM
thereum's Global Dominance (ETH)
A cryptocurrency's second-largest value after Bitcoin comes from Ethereum's native token (ETH) which is also a major blockchain in the cryptocurrency market. Ethereum plays a significant role in the cryptocurrency industry, especially in blockchain technology and smart contracts.
Ethereum's smart contract technology is primarily responsible for the platform's enormous success. Smart contracts, which are essentially computer programs that transform conventional contracts into digital ones, are fundamental building blocks of all Ethereum applications. A smart contract's main benefit is that it follows an "if this, then that" structure, which ensures that it acts exactly as specified in their programming and is impervious to manipulation.
Ethereum, which is best known for its privacy and flexibility, has advanced significantly in the market, and there is no holding back it now. The Ethereum merge, also known as Ethereum 2.0, is anticipated to take place within the next two weeks. This is a project that has been in the works for a while and will help Ethereum strengthen and secure its technology while also enhancing its features. It appears likely that Ethereum will maintain its position in the market and keep getting better and better.
Each transaction on the Ethereum blockchain is recorded using the proof of stake consensus mechanism used by Ethereum (ETH). Ethereum confirms transactions and processes transactions more quickly than Bitcoin does.
With over 10 million users each month, Binance is the largest cryptocurrency exchange platform available. Its native token, BNB, is currently ranked fifth by market capitalization and has a massive platform and ecosystem.
The Binance Smart Chain (BSC) was developed in 2020 (about one and a half years after the launch of its predecessor blockchain, Binance Chain) and is a key component of the Binance platform. The BSC is a more advanced version that uses smart contract technology to duplicate Ethereum's functionality.
This was a smart move by Binance because many projects use BSC to support their digital assets. After all, it is effective, secure, and safe.
Binance Coin had 200 million tokens available at the time of its launch; a maximum supply of more than 165 million BNB coins and approximately 163 million BNB coins are currently in circulation.
Runfy is a brand-new cryptocurrency project that stands out from the rest. Runfy's platform is entirely community-driven, empowering users to take charge of their physical health and wellness. Runfy encourages users to stay active by rewarding them for exercising.
The BSC, which has the lowest transaction fee and is secure for users, is the foundation upon which Runfy is built. Runfy uses smart technology to track users' fitness progress and reward them with RUNF tokens when objectives are met. For instance, a user could decide to walk a certain distance or lose a certain amount of weight. The user will begin to receive RUNF tokens as soon as goal is locked in. There will also be physical fitness challenges where RUNF tokens can also be obtained.