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The BNB price rebounded after Binance announced a new Word of the Day game theme. Moreover, IBC Rate Limits enhance blockchain security, boosting the Cosmos blockchain ecosystem's real economic activity and total value locked.
Meanwhile, BlockDAG celebrates global dominance with launches in major hotspots: a keynote video at Shibuya Crossing showcasing its innovative technology and mining dominance, a DAGpaper celebration at the Las Vegas Sphere, and a display at Piccadilly Circus for its CoinMarketCap listing. These milestones have driven a surge in presale numbers, raising $31.4 million in batch 14, positioning BlockDAG as one of the best cryptocurrencies to buy now.
Binance announced a new theme for its Word of the Day game, focusing on Decentralized Applications (DApps). This educational initiative, running from May 20 to May 26, 2024, rewards participants with a share of 500,000 Binance Points, which can be redeemed for user-specific rewards.
New users registering with a referral code get a 10% discount on spot trading fees and additional rewards. Following the announcement, the BNB price initially rebounded by 1.24% but later dropped by 0.45%. Despite a trading volume surge, BNB has experienced a weak monthly performance, losing over 3% in a week.
The Inter-Blockchain Communication (IBC) protocol is enhancing blockchain security with the adoption of IBC Rate Limits. Cosmos blockchain emphasizes the importance of these rate limits in securing economic activity and total value locked (TVL). As detailed in a recent blog post, these limits, pioneered by Osmosis, are becoming an industry standard.
They work by setting thresholds for asset flows, preventing excessive transfers within short periods. This measure protects against security exploits, highlighted by past incidents like the Dragonberry vulnerability. Range Security, collaborating with Osmosis, is preparing to launch IBC Rate Limits v2 to further enhance cross-chain security on the Cosmos blockchain.
BlockDAG is making waves in the crypto sphere, starting with the recent keynote video, which aired on billboards at Tokyo's bustling Shibuya Crossing and went viral, propelling BlockDAG’s presale coin to new heights. This strategic move showcased BlockDAG's integration into major DeFi exchanges like Bitget and CoinEx and introduced its user-friendly crypto payment card, bypassing lengthy transaction approvals and complex KYC procedures.
The keynote also highlighted BlockDAG's innovative mining technology, specifically the X10 mining device. The X10 is a compact and efficient cryptocurrency miner, capable of mining up to 200 BDAG daily with a 100 MH/s hash rate, equivalent to $10 per day. It features a plug-and-play setup, Wi-Fi, and Ethernet connectivity, operating at only 40 W. Perfect for beginners and scalable for experts, it combines performance and efficiency.
The promotional tour didn’t stop there but extended its reach globally, celebrating the release of the DAGpaper in the Las Vegas Sphere. The paper outlines revolutionary features of BlockDAG, the world’s most advanced layer 1 blockchain, including a Low-Code/No-Code Platform for easy smart contract creation. Last but not least, the tour culminated at Piccadilly Circus, lighting up London’s sky, where BlockDAG's debut on CoinMarketCap was celebrated with a dynamic display, significantly boosting investor confidence and generating hype around its $100 million liquidity plan.
With the BNB price rebounding following an important announcement, Cosmos Blockchain enhances its security due to the adoption of IBC Rate Limits by Communication (IBC) protocol.
Meanwhile, BlockDAG’s impressive track record of promotional campaigns, from Shibuya Crossing to Piccadilly Circus, coupled with its mining capabilities like the X10 device, have all led the presale numbers to soar, amassing $31.4 million while still in batch 14. Speculation is rampant about BlockDAG’s next move, so expect groundbreaking announcements, living up to its reputation as one of the best cryptos to buy now.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
