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BEP-95

BEP-95 is a Binance Evolution Proposal that introduces a real-time burning mechanism to BNB Smart Chain (BSC). It’s been introduced to make BNB’s tokenomics even more dynamic and further decentralize the network. With BEP-95, a fixed ratio of each block’s gas fees that validators collect will be burned, reducing the supply of BNB and potentially increasing its price. The BEP also changes the distribution of gas fees between two smart contracts and introduces a governance mechanism for adjusting the burn ratio.

  • Taker
    In cryptocurrencyCryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies use decentralized technology called blockchain... trading, a takerIn cryptocurrency trading, a taker is a trader who places an order that is immediately executed against an existing order on the order book. Takers... is a […]
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  • Bags
    The term “bag” or “bagholder” refers to someone who is holding a cryptocurrencyCryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies use decentralized technology called blockchain... that has lost a significant amount of its value, but they continue to hold onto it in hopes […]
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  • Off-chain
    Off-chainOff-chain refers to transactions or data processing that occurs outside of the main blockchain network, but is still connected to it. Off-chain transactions allow for... refers to transactions or data processing that occurs outside of the main blockchainThe blockchain is a digital ledger that records transactions in a secure and decentralized manner. Think of it […]
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