Crypto Explained: Binance Coin (BNB), Polygon (MATIC), and Logarithmic Finance (LOG)

Japan, Japan, Wed, 30 Mar 2022 09:06:07 / Comserve Inc. / — Binance Coin (BNB), Polygon (MATIC), and Logarithmic Finance (LOG) are some projects that all offer different things and cover large portions of the crypto space

The world of cryptocurrency can be a confusing place. Terms like bear market, bull market, DeFi (decentralised finance), blockchains, whales, and Satoshi Nakamoto are easy to misunderstand for new investors.

The total market cap of all cryptocurrencies combined at the time of writing stands at $1.79 trillion. This is a huge amount of money and the adoption rate of crypto soared over 880% in 2021, indicating that more and more people are investing in crypto every day.

To understand the world of crypto, one must understand some of the major projects that inhabit it. Binance Coin (BNB), Polygon (MATIC), and Logarithmic Finance (LOG) are some projects that all offer different things and cover large portions of the crypto space.

Crypto Terms Explained

• Bull market – Defined as when assets across the market increase a lot in a short period of time.
• Bear market – Defined as when the market has lost 20% or more of its value in a short period of time, usually a few months.
• Decentralised Finance (DeFi) – An alternative to the established financial system, DeFi protocols seek to wrestle power away from centralised authorities and into the hands of the masses.
• Blockchains – The foundation of cryptocurrencies; a sequence of blocks (data or units of digital information) stored in a public database.
• Whale – An investor who has a large amount of a cryptocurrency, usually enough to affect the market should they choose to sell.
• Satoshi Nakomoto – The pseudonymous name given by the creator/s of Bitcoin (BTC).

What is Binance Coin (BNB)?

Binance Coin (BNB) is the native token of Binance. Based on trading volume, Binance is the world’s biggest cryptocurrency trading exchange. BNB can be used to pay the minimal transactions on the Binance Smart Chain (BSC).

Binance Coin currently has the 4th largest market cap of any cryptocurrency. Given the size of the Binance Exchange, this is no surprise. In addition to this, the general health of the crypto market is often reflected in the price of BNB.

What is Polygon (MATIC)?

Polygon (MATIC) is the first and most well-known scaling solution for the Ethereum Network (ETH). ETH is the second-largest cryptocurrency and network, but is notorious for its at times slow speeds and high gas fees. Polygon is a layer 2 solution, operating on top of the Ethereum Network but without the high gas fees and congestion that often plague ETH.

MATIC, the token itself, plays a part in maintaining the liquidity of the network, as well as helping to govern changes to the network.

What is Logarithmic Finance (LOG)?

Logarithmic Finance (LOG) is due to launch in Q2 of 2022 and already has people talking. It aims to become the next huge DeFi protocol that helps to connect blockchain innovators to blockchain investors. Its user interface allows the innovators to raise capital quickly and easily, attracting investors to their project and their platform.

Some of the benefits for LOG holders include: a say in governance, rewards from staking, discounts, better swap ratios, and high yield investments. As has been proven time and time again by the likes of Shiba Inu (SHIB), Filecoin (FIL), and Tezos (XTZ), investing early can be highly advantageous, with small investments quickly turning into thousands and even millions of dollars. Could Logarithmic Finance (LOG) be next?

Find Out More Here:

https://presale.logarithmic.finance/

https://logarithmic.finance/

https://t.me/LOGARITHMIC_FINANCE_OFFICIAL

https://twitter.com/LOGARITHMIC_FI

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