List of questions about [Cryptocurrency]

You've learned about the Internet Computer's ambitious vision to become a "World Computer." You know that the ICP coin isn't just an asset; it's the key to governing the entire network.

Now, it's time to move from being an observer to being a participant. Staking ICP is your way to get a vote, help steer the future of the internet, and earn ICP staking rewards for your active contribution.

The process is unique and different from other blockchains. This guide will walk you through exactly how to stake ICP using its powerful governance system, the Network Nervous System (NNS).

Before You Start: Understanding Neurons

In the ICP ecosystem, you don't just "stake" your coins. You lock them up to create a neuron.

Think of the Network Nervous System (NNS) as the decentralized brain that controls the Internet Computer. A neuron is your voting share within that brain. By creating a neuron, you are committing
your ICP to the governance of the network. The NNS then rewards you for this commitment.

The 5 Steps to Staking ICP and Earning Rewards

Step 1: Acquire ICP (The Prerequisite)

Before you can create a neuron, you need the ICP coin. Your journey into ICP
governance starts on a secure and reliable exchange. Acquiring your ICP on a
platform like BYDFi ensures you get a fair market price and a safe environment
for your initial purchase.

Step 2: Access the NNS dApp

The entire staking and voting process happens on a special decentralized
application.

1. Go to the official NNS dApp

2. You will be prompted to create an "Internet Identity." This is your secure, blockchain-based login for the ICP ecosystem. Follow the instructions carefully and save your credentials.

Step 3: Transfer ICP to Your NNS Wallet

Inside the NNS dApp, you will find your personal ICP wallet address. Withdraw your ICP from BYDFi to this NNS wallet address.

Step 4: Create Your Neuron

This is the core of the staking process.

1. Inside the NNS, navigate to the "Neurons" tab and click "Stake Neuron."
2. Choose the amount of ICP you wish to stake (the minimum is 1 ICP).
3. Set the Dissolve Delay (CRITICAL STEP): This is the most important decision you will make. The dissolve delay is the length of time your neuron will be locked after you decide to "dissolve" it. A longer delay gives your neuron more voting power and earns you higher rewards.
• Minimum: 6 months (lower rewards)
• Maximum: 8 years (highest rewards)
• Warning: You cannot access your ICP principal until the dissolve delay timer has  finished. Choose a duration you are comfortable with.

Step 5: Configure Voting and Start Earning

Your neuron must vote on governance proposals to earn rewards. You can do this
manually, but for most users, the easiest way is to "follow" other
trusted neurons.

1. In your neuron's settings, choose to "Follow" other neurons on all topics.
2. The NNS provides default follow recommendations (like the DFINITY Foundation and the Internet Computer Association), which is a great, simple way to  start.

Once you have configured your neuron to vote, you're all set! It will now vote automatically on your behalf, and you will begin to accrue staking rewards daily.

[To refresh your memory on the core technology, read our full guide: What Is Internet Computer (ICP)?]

Ready to become a voting member of the World Computer? The first step is to acquire the asset. Buy ICP on the BYDFi spot market today.

If you've started exploring the world of decentralized applications (dApps), you've undoubtedly encountered the option to "Connect with WalletConnect." While it might sound like just another cryptocurrency wallet, it’s actually the technology that makes the entire Web3 ecosystem seamlessly accessible. In simple terms, WalletConnect is an open-source protocol that acts as a secure bridge, allowing your mobile crypto wallet to communicate with thousands of dApps on any browser or device.

Think of it as a universal remote control for your digital assets. You wouldn't want to enter your bank password on every new website you visit, and the same logic applies to crypto. WalletConnect ensures you can interact with DeFi platforms, NFT marketplaces, and blockchain games without ever exposing your sensitive private keys to them. It lets you authorize actions from the secure environment of your trusted mobile wallet.

How Does It Work? The QR Code Handshake

The elegance of WalletConnect lies in its simplicity. When a user wants to connect to a dApp on their desktop, they simply:

1. Click "Connect Wallet" and choose the WalletConnect option.
2. A unique QR code appears on the dApp's interface.
3. The user opens their preferred mobile wallet (like Trust Wallet or MetaMask Mobile), selects the WalletConnect feature, and scans the QR code.
4. A prompt appears on their phone asking to approve the connection.

Once approved, a secure and encrypted link is established. From this point on, every transaction you initiate on the dApp—whether it's a token swap, a vote, or an NFT purchase—will trigger a confirmation prompt on your phone. You review the details and approve or deny the action directly from your wallet, giving you full control and visibility.

Why It's the Industry Standard

The primary reason for WalletConnect's widespread adoption is its focus on security and interoperability. By design, your private keys never leave your device, dramatically reducing the risk of them being compromised by malicious websites or faulty browser extensions.

Furthermore, because it's an open protocol, it isn't owned by any single company. This has encouraged hundreds of wallets and dApps to integrate it, making it the de facto standard for connectivity in Web3. It provides a reliable and consistent user experience across a vast and fragmented digital landscape. It’s not a wallet itself, but the essential communication layer that makes your wallet powerful.

Ready to put your knowledge into practice? Now that you understand how to securely connect to the world of dApps, you need a powerful and reliable platform to trade on.

Sign up with BYDFi today to explore hundreds of digital assets in a secure and user-friendly environment. Connect your wallet and start your trading journey!

In the world of blockchain, acronyms rule the conversation. Two of the biggest—DeFi (Decentralized Finance) and GameFi (Game Finance)—are often spoken about in the same breath. While they are distinct sectors, they are deeply intertwined.

To understand the future of the Metaverse and digital economies, you need to understand the relationship between these two pillars. One is rewriting the rules of banking, and the other is rewriting the rules of entertainment.

The Foundation: What is DeFi?

DeFi is the infrastructure layer. It represents a shift from traditional, centralized financial systems (like banks and brokerages) to peer-to-peer finance enabled by smart contracts.

In the DeFi world, code acts as the intermediary.

• Lending and Borrowing: You can lend your crypto to earn interest or borrow against it without a credit check.
• Trading: You can swap tokens on decentralized exchanges (DEXs) like Uniswap without an account manager.
• Yield Farming: You can provide liquidity to a network and earn rewards in return.

The primary goal of DeFi is financial efficiency. Users interact with simple dashboards, looking for the highest Annual Percentage Yield (APY) and the lowest fees. It is pure math and finance.

The Evolution: What is GameFi?

GameFi is what happens when you take the mechanics of DeFi and wrap them in a video game interface. It combines the fun of gaming with the financial incentives of blockchain.

In a traditional game, you might earn gold coins or find a rare sword, but those assets are stuck inside the game. You can't sell them for rent money. In GameFi, those assets are NFTs (Non-Fungible Tokens) or cryptocurrency tokens. You truly own them.

This birthed the Play-to-Earn (P2E) model. Players can earn income by completing quests, winning battles, or breeding digital creatures.

The Intersection: DeFi Under the Hood

The secret to understanding GameFi is realizing that it is DeFi—just with better graphics.

• Staking: In DeFi, you lock up tokens to earn interest. In GameFi, you might send your NFT character on a "mission" for 24 hours. The mechanic is identical (locking assets), but the user experience is gamified.
• Liquidity Mining: In GameFi, players often earn governance tokens as rewards for playing. This is essentially yield farming, where your "work" is playing the game rather than just providing capital.

Key Differences: Utility vs. Experience

While they share the same blockchain rails, the user intent is different.

DeFi is about optimization. Users want the transaction to be as fast and cheap as possible. They don't want to play a mini-game to withdraw their funds.

GameFi is about immersion. A GameFi project fails if it is just a "DeFi protocol with a skin." It needs to be fun. The economy serves the game, not the other way around. If the only reason people are playing is to cash out, the economy inevitably collapses when the token price drops.

The Future: A Unified Economy

We are moving toward a world where the lines blur completely. Future MMORPGs will have fully functioning DeFi banks inside their virtual cities. You might take out a loan in the game to buy a virtual house, and that loan is funded by a real-world DeFi liquidity pool.

GameFi is essentially the "user interface" that makes complex financial concepts accessible to the masses. It turns "yield farming" into "questing," onboarding millions of users who would never touch a traditional banking app.

Conclusion

DeFi provides the rails for a transparent financial system, while GameFi provides the interface that makes it engaging. Together, they are building the open digital economy of the future.

Whether you are looking to farm yield or battle for loot, you need a reliable gateway to enter the market. Join BYDFi today to trade the top DeFi and GameFi tokens on a secure, professional platform.

How Governments Are Using Blockchain to Transform Public Services

Blockchain technology is often associated with cryptocurrencies, but its real power goes far beyond digital money. Governments around the world are increasingly adopting blockchain to solve long-standing problems in public administration, including corruption, inefficiency, lack of transparency and low public trust. By offering decentralization, immutability and security, blockchain is emerging as a foundational technology for modern governance.

This article explores how blockchain is being applied in public services today, supported by real-world government initiatives that demonstrate its growing impact.

Reinventing Government Operations Through Blockchain

At its core, blockchain functions as a decentralized and transparent ledger that records information in a way that cannot be altered or manipulated. For governments, this capability represents an opportunity to simplify complex administrative processes, reduce bureaucratic delays and lower operational costs.

By replacing paper-based systems and fragmented databases with shared digital ledgers, governments can automate workflows, minimize human error and create real-time access to verified data. This shift improves efficiency while strengthening accountability across public institutions.

Fighting Corruption Through Transparency

One of the most powerful applications of blockchain in the public sector is its ability to combat corruption. Traditional government systems often suffer from limited oversight and opaque record-keeping, which creates opportunities for fraud and misuse of public resources. Blockchain addresses these weaknesses by making records publicly verifiable and tamper-resistant.

Sweden provides a notable example. The Swedish government explored blockchain for its Land Registry Authority to record property transactions and provide real-time access to buyers, sellers, banks and regulators. By allowing all parties to view the same immutable data, the system significantly reduces fraud risks and strengthens trust in real estate transactions.

Georgia took an even earlier step. In 2016, it launched a blockchain-based land registry that allows citizens to verify property ownership securely. The system has registered around 100,000 land titles, helping to resolve historical disputes that stemmed from poor record-keeping and corruption during the post-Soviet era.

In Latin America, El Salvador has integrated blockchain into its financial infrastructure as part of a broader push toward financial inclusion. Through the government-backed Chivo wallet, citizens can send and receive Bitcoin and US dollars without commissions, convert between currencies and access both on-chain and Lightning Network transactions. By connecting the unbanked population to digital financial services, the government aims to reduce corruption, increase transparency and modernize its economy.

Modernizing Voting Systems

Voting is a cornerstone of democratic governance, yet it often faces challenges such as long queues, logistical inefficiencies and public concerns over election integrity. Blockchain offers a secure and verifiable alternative by ensuring that votes are recorded transparently while preserving voter privacy.

In the United States, Utah County conducted a blockchain-based voting pilot in 2020 that allowed eligible voters, including overseas citizens, to cast ballots through a secure mobile application. The system demonstrated how blockchain can simplify voting while maintaining trust in the electoral process.

European countries have also experimented with this technology. Romania used blockchain to enhance transparency in national elections by verifying voter turnout and election results, while India continues to research blockchain’s potential role in future electoral systems.

Despite common misconceptions, election fraud in developed democracies is statistically rare. Blockchain-based systems are not about fixing widespread fraud but about increasing confidence, accessibility and efficiency in democratic participation.

Strengthening Supply Chains and Social Services

Governments are also leveraging blockchain to manage complex supply chains, particularly in public procurement and humanitarian aid. The ability to track goods from origin to destination ensures that resources reach their intended recipients without diversion or loss.

The United Nations World Food Programme has pioneered this approach through its  Building Blocks  initiative. Using a private blockchain network, the program tracks food assistance provided to refugees, ensuring accurate distribution and eliminating intermediaries. This system has improved efficiency, reduced costs and enhanced transparency in humanitarian operations.

Inspired by similar goals, Ghana has explored blockchain solutions to track public funds allocated to the healthcare sector. By recording transactions on an immutable ledger, the government seeks to ensure that medical supplies and funding reach hospitals and clinics as intended.

Blockchain and Digital Identity Systems

Digital identity management is another area where blockchain is proving transformative, especially in countries where many citizens lack formal identification. A secure digital identity enables access to government services, healthcare, voting and financial systems.

Estonia stands out as a global leader in this field. Its blockchain-supported digital identity system allows citizens to access nearly all public services online, including voting, signing legal documents and managing healthcare records. Citizens maintain control over their personal data, while the government benefits from reduced bureaucracy and higher efficiency.

Switzerland has also experimented with blockchain-based digital identities. The city of Zug partnered with uPort to issue self-sovereign digital IDs on the Ethereum blockchain, enabling residents to access services and participate in local voting without intermediaries. The pilot demonstrated how decentralized identity systems can function at a municipal level.

Enhancing Education Through Blockchain

Blockchain is also reshaping education systems by providing secure and verifiable academic records. Malta’s Ministry of Education uses blockchain to issue tamper-proof certificates, allowing students to share credentials globally with employers and institutions.

The United Arab Emirates has adopted similar technology to store and verify student records across its education system, while South Korea continues to explore blockchain to automate administrative processes and reduce operational costs. These innovations make education systems more adaptable, transparent and globally connected.

The Future of Blockchain in Public Services

As governments continue their digital transformation, blockchain is expected to play an increasingly central role. Secure digital identities, transparent data-sharing and fraud-resistant systems will become essential components of modern governance.

In the future, blockchain could enable seamless cross-border public services, personalized government benefits and privacy-preserving healthcare systems. By improving trust, efficiency and accessibility, blockchain has the potential to redefine how citizens interact with their governments.

Rather than being just a tool for cryptocurrencies, blockchain is emerging as a cornerstone of digital governance, capable of reshaping public services and building a more transparent, efficient and accountable state for the digital age.