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Welcome to our Trading Crypto Video!
Binance Labs, the venture capital arm of the world’s biggest cryptocurrency exchange, is increasing its investment in Aptos Labs, a blockchain startup founded by former Meta Platforms Inc. employees who worked on the company’s failed Diem stablecoin project.
Binance Labs chose to add to its investment in Aptos in part because of the programming language the company is using to build its blockchain, according Yi He, co-founder of Binance and the head of Binance Labs. Called Move, the language was supposed to power the Diem blockchain, and “is different from BNB Chain and Solana and is more efficient and secure,” He said in an interview in Paris.
Binance Labs identifies, invests, and empowers viable blockchain entrepreneurs, startups, and communities, providing financing to industry projects that help grow the wider blockchain ecosystem.
Binance Labs is committed to supporting fast-executing, technical teams who positively impact the crypto space and build the decentralised web
Binance Labs identifies, invests, and empowers viable blockchain entrepreneurs, startups, and communities, providing financing to industry projects that help grow the larger blockchain ecosystem. It identifies, invests in, and empowers viable blockchain entrepreneurs, startups, and communities, providing financing to industry projects that help grow the wider blockchain ecosystem.
Polygon is a cryptocurrency, with the symbol MATIC, and also a technology platform that enables blockchain networks to connect and scale. Polygon—”Ethereum’s internet of blockchains”— launched under the name Matic Network in 2017.
The Polygon platform operates using the Ethereum blockchain and connects Ethereum-based projects. Using the Polygon platform can increase the flexibility, scalability, and sovereignty of a blockchain project while still affording the security, interoperability, and structural benefits of the Ethereum blockchain.
MATIC is an ERC-20 token, meaning that it’s compatible with other Ethereum-based digital currencies. MATIC is used to govern and secure the Polygon network and to pay network transaction fees.
KEY TAKEAWAYS
The Polygon platform, powered by the MATIC token, was launched to connect and grow Ethereum-compatible projects and blockchains.
MATIC tokens are used to govern and secure the Polygon network and pay transaction fees.
Polygon uses a modified proof-of-stake consensus mechanism to efficiently operate the platform.
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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
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⏰Timestamps⏰
00:00 – crypto market Introduction.
00:18 – crypto market projects summary.
02:26- crypto market projects outro.