**Binary Options is a type of financial investment in which an investor invests in whether the price of an asset will rise or fall within a certain period of time. Depending on the outcome of the investor's prediction, they will either get a profit or lose the invested amount. A special feature of Binary Options is that the profits as well as risks will be determined in advance, helping investors to plan easily before deciding to invest.**

# How Binary Options works

Binary Options exchanges will provide investors with a list of assets to trade, including stocks, commodities, currencies and other financial products. An investor chooses an asset class and predicts whether the asset's price movement will increase or decrease over a certain period of time. The predicted period is determined in advance, which can be hours, days or weeks.

If the investor's prediction is correct, they will receive the promised profit. However, if the prediction is wrong, they lose the invested amount. The payout ratio is also pre-determined depending on the mechanism of the platform, usually in the range of 70% to 90%.

# Legality of Binary Options

Contrary to popular belief, Binary Options is a legal form of trading, just like other options trading such as Futures, Vanilla, European options, etc. The legality of Binary Options varies depending on the country and region. Currently in the world there are many licensed and strictly regulated Binary Options trading platforms such as:

- **Nadex:** A financial exchange based in the United States and specializing in financial products such as binary options, foreign exchange options, and futures contracts. Nadex stands for "North American Derivatives Exchange" and is regulated by the United States’ Commodity Futures Trading Commission (CFTC).

- **IQ Option:** This is one of the most reputable and popular Binary Options exchanges today. IQ Option is highly appreciated for its transparency, security and reliability. This exchange is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).

- **Binomo:** Established in 2014, Binomo is a very professional and advanced Binary Options exchange. It is licensed by the International Financial Services Commission of the Republic of Cyprus (IFSC).

- **Olymp Trade:** With more than 5 years of operation, Olymp Trade is a highly reputable and reliable Binary Options exchange. It has been licensed by the National Financial Board of Russia.

# The problem is not with the method

Binary Options is often mistaken and labeled with scams and financial frauds due to the appearance of many “ghost” platforms that are not licensed and regulated, taking advantage of the simple mechanism of this investment form to entice many people to participate. However, the fact that many exchanges are licensed to operate in the world shows that the problem is not in the transaction method, as long as the platform ensures honesty, transparency as well as the protection of investors' interests.

*Read more: [Financial scams come from greed & centralization, not product model](https://bho.network/financial-scams-comes-from-greed-and-centralization-not-product-model)* 

However, there will always be “dark sides” for traditional centralized trading platforms, where user funds are held and fully controlled by the platform, making the user or the entire system built on mutual trust. Blockchain technology and smart contracts can completely overcome this "dark side" by bringing absolute transparency and control of personal assets, thereby helping to popularize many other attractive transaction methods alongside Binary Options.

**LSTRADE is a next-gen Binary Options trading platform that applies blockchain technology, which saves and manages all trades by smart contract, and uses API from ChainLink's Oracle to provide data price, but does not hold the user's assets at all. All of those is to create an attractive, transparent and decentralized financial playground for participants. Besides, LSTRADE offers many other features besides binary options trading, helping participants to generate passive income, but still balance the benefits from different user groups.**

**LS TRADE promises to create a completely new and extremely attractive trading experience. Please follow LS TRADE’s website and official media channels to get the latest information about the platform:**
- **LS TRADE Website: https://lstrade.io**
- **LS TRADE’s official information channels: https://linktr.ee/lstrade.io**

What is Binary Options? Let's find out through this article with us!

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WHAT IS BINARY OPTIONS?

**Cryptocurrency spent a long time living under the stereotype of scam before it transformed, proving itself to break that layer of prejudice. Through technology advancement, cryptocurrencies have shown that scams come from greed, not from the platform. Furthermore, blockchain is also a technology that helps prevent scams and frauds effectively, creating transparency for any platform or transaction method.**

# Does the product model determine a scam or not?
Let's take a look at the most notorious scams in crypto history: 
- Mt.Gox - the exchange that accounted for more than 70% of global Bitcoin transactions in 2014 has lost about 800,000 Bitcoins of its users and has not returned them yet.
- QuadrigaCX, Canada's largest cryptocurrency exchange, was charged with fraud after its founder died and lost access to a cold wallet containing more than $200 million in user assets.
- Thodex - a Turkish exchange - suddenly stopped working, and the director fled with more than 2 billion USD in user assets.
- Bitconnect - a Ponzi scheme branded with blockchain technology has caused more than $2 billion in losses to global investors.
- FTX - one of the world's leading exchanges, illegally appropriated tens of billions of dollars in user deposits.

These scams have caused billions of dollars in losses for investors, but most of all, have created a rift in trust for the entire market. However, almost all of these scams, as well as all other scams across all sectors, are rooted in greed, and centralization has facilitated that.

Blockchain technology has fueled a trend that has revolutionized in every way - decentralization. However, projects, or platforms in the name of blockchain, are overly centralized, making investors' assets completely controlled by a small number of individuals and organizations. This is completely contrary to the destination values of blockchain and crypto, as well as creating potential dangers for investors when joining in the market.

Major scams like Mt.Gox, Quadriga, or the recent FTX incident have shown how dangerous centralization can be. These companies all offer extremely “harmless” products such as spot trading, or leveraged trading, etc., and even essential trading tools for the market. The only bottom line that creates the condition for the scam to happen is that the company/exchange holds full rights to hold the user's assets.

With cryptocurrencies becoming more popular, many forms of technology-labeled scams have also appeared, hiding under the guise of exchanges, or investment platforms, completely centralized and easily manipulated. This is also a worrying issue that investors need to pay special attention to when participating in the market. 
In Vietnam, there have also been many forms of fraud in the name of cryptocurrency to blind and lure participants. A recent example is Wefinex, which uses the name of a binary options exchange - a trading method in which players predict the uptrend of assets such as commodities, currencies, stocks or cryptocurrencies at the time of prediction. Players on the Wefinex platform will be completely controlled by the exchange, from game results to personal assets. Wefinex was closed after signs of fraud were detected, but it already caused hundreds of billions of VND in losses for many investors.

# Decentralization creates transparency
If it is not a centralized platform, but a decentralized platform where users can utilize by connecting to a cryptocurrency wallet and have full control over their assets, scams of billion USD will not happen, investors' assets will still be safe because it is not in the hands of the exchange owner, but under the full control of users. 

Additionally, with over-centralized trading platforms, investors also have to be in a  "vs the exchange" situation when it has the ability to interfere with the results, the price line, or even more dangerously lock money withdrawals and lock the user's account. This risk is extremely common for platforms that offer options trading in the name of blockchain technology and cryptocurrencies. These platforms often hold users' assets in an opaque way, adjust order results, or lock users' withdrawals to appropriate assets. However, if those options trading platforms were implemented completely in a decentralized manner, there would be absolutely no possibility of such a scam.

Currently, many Spot trading platforms, as well as leveraged Margin trading, Futures trading or Binary Option contracts ones have been completely decentralized and are fully competitive with those centralized exchanges today on security, safety, as well as features. With decentralized technology, many other popular forms of transactions can become more popular in the cryptocurrency market thanks to the superior security, safety and transparency of blockchain and smart contracts.
 
**By taking advantage of technology and optimizing the decentralized, secure, and transparent nature of blockchain and smart contracts, other well-known risky niche markets such as prediction markets or options trading can become much more attractive and safe in the eyes of investors in particular, and the public in general.**

Through technology advancement, cryptocurrencies have shown that scams come from greed, not from the platform. Furthermore, blockchain is also a technology that helps prevent scams and frauds effectively.

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FINANCIAL SCAMS COMES FROM GREED & CENTRALIZATION, NOT PRODUCT MODEL

**Web3 and the values it can bring such as decentralization, true ownership, privacy rights, etc. are revolutionary for the Internet. However, to be able to bring Web3 to life, as well as maximize the value it brings, crypto wallets need to be further developed.**

# High-tech but unfriendly

The community seems to have been too focused on analyzing the opportunities, outstanding advantages, and new potentials that Web3 can bring, yet forget that from the current position, Blockchain technology needs a lot of improvement to make Web3 a reality. One of the biggest problems of Web3 at the moment is that it is too complicated and difficult to access, because simple gestures in Web2 become complex and multi-step, creating big obstacles for new users.

Take blockchain games as an example, the current blockchain games far surpasses conventional games of the same genre in terms of gesture complexity. In a Web2 turn-based game, the user when receiving an item only needs 1 click to put it in the backpack, while in Web3, the user will have to press grant permission, create a transaction, confirm the transaction with some gas fee. Imagine if we applied that mechanism with an MMORPG like World of Warcraft, players would probably have to spend up to ⅕ of the game time just to perform wallet operations.

Or, for a conventional social networking platform, every interaction such as liking an article, commenting, or sharing in Web2 is extremely simple with one click, but it is not so with Web3. Take for example the Subsocial project, a decentralized social networking project built on Substrate, belonging to the Polkadot ecosystem. Although Subsocial has done a great job creating a decentralized social networking space that says users or content creators have full control over their contents, as well as their profits from those contents. However, for ordinary users who are completely focused on the value of their experience, the Web3 social network is not friendly when every action to like, comment, share or post a photo must include a sequence of actions with the smart contract, and costs some gas fee.

Moreover, although security is a strength of Web3 with blockchain technology, for traditional users it is more like a burden. In the normal Internet, users can use their Gmail account to log in anywhere and easily recover their account when they forget their password, but in Web3, when users lose their private key(s), they will also lose full access to their account(s).

# Upgrade wallet, enhance experience

Crypto wallets are the gateway for users to enter the world of Web3, so innovation for these wallets is the key to realizing the potential of Web3.

Most new users when initially learning and exploring Web3 are stuck on the wallet initialization step, or initial operations with the wallet such as choosing a network and connecting to the platform. Therefore, many new wallet applications are currently being developed, accompanied by new innovations to improve the way users interact with smart contracts, as well as with wallets. 

Initial improvements include streamlining operations, reducing the number of "clicks" when deploying smart contracts, integrating Multichain, and developing new ways to securely store and recover private keys. In addition, more sophisticated technological upgrades such as session keys, smart accounts, etc. are being actively developed to improve the user experience.

**3S Wallet** is a product developed with the goal of focusing on users. The 3S Wallet team always understands that to bring Web3 to the world, we need to bring the world to Web3. 3S Wallet is built and perfected on 3 main pillars: Simplicity, Security, and Safety, in which the Simplicity criterion aims to create the simplest and easiest experience for all users, whether they are new to the market or long-time investors. 3S Wallet is designed with a user-friendly and intuitive interface, with the most streamlined operation, while integrating more than 13 popular Blockchain networks today. This ensures 3S Wallet users will have the best possible experience when entering the world of Web3.

**In addition, 3S Wallet is currently implementing a Rewards program with an attractive participation mechanism to help users earn more income. Anyone using 3S Wallet can join by inviting friends to use 3S Wallet and get passive income with your own system up to $20 for each successful referral.**

Detailed instructions for **3S Wallet's Rewards** feature [here](https://bho.network/how-to-join-3s-wallets-rewards-program).

Web3 and the values it can bring are revolutionary for the Internet. However, to be able to bring Web3 to life, as well as maximize the value it brings, crypto wallets need to be further developed.

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CRYPTO WALLET DEVELOPMENT IS THE KEY TO MAKE WEB3 A REALITY

**The Ethereum Virtual Machine (EVM) is an initial solution to develop interoperability, applied by many major blockchains today such as Binance Smart Chain, Avalanche, Fantom Opera, etc. Let’s learn the Importance of EVM to Blockchain with BHO Network through this article.**

# What is EVM?

EVM stands for Ethereum Virtual Machine, which is the core of the Ethereum network and the heart of smart contract implementation and execution. The Ethereum Virtual Machine (EVM) was designed by Gavin Wood while still working at Ethereum. Written in C++ and using the LLVM Project compiler, EVM is a special state machine that operates continuously, and its immutable rules determine the state of each block in the Ethereum blockchain.

The EVM not only governs what nodes can or cannot do to the distributed ledger maintained by the Ethereum blockchain, but also defines specific rules about changing state from one block to another. The second function is to enable smart contract execution and deployment.

# The importance of EVM

Since the EVM determines certain ground rules on the blockchain and smart contracts, the platform of the EVM-compatible blockchain can process transactions in an Ethereum-like environment. Also, the tokens will be essentially the same, just on different networks because they are using the same standard (ERC20). This allows easy bridging and provides cross-chain interoperability. This is an important factor to enhance the user experience.

The Ethereum network was the first to implement smart contracts, and is still considered the standard among competing blockchains. But due to its massive size and number of users, it has gotten to the point where its scalability became an issue. 

Other blockchains were quick to find ways to address that problem by offering lower gas fees and faster transactions. Most of these blockchains are fully open source and are primarily a fork of Ethereum, but use a more efficient consensus mechanism. Instead of developing a new way to deploy smart contracts, developers are simply copying certain parts of the Ethereum network. This approach turned out to be more profitable than developing from scratch. By creating an environment similar to Ethereum, developers do not need to build solutions and protocols from zero. Conversely, they can build smart contracts and DApps, and deploy them to the blockchain faster.

Most projects today are built on EVM-compatible blockchains, which shows the popularity and advantages of EVM. Although EVM still has some weaknesses in terms of creativity due to its rule of immutability, the advantages offered by EVM still far outweigh the limitations, and EVM will still play a large role in the development of Blockchain in the near future.

**BHO Network is an ecosystem that includes many products applying blockchain technology such as: BHO Chain, BHO Pad, 3S Wallet, BHO DEX, and BHO NFT Marketplace. BHO Network was built and developed with the ideal of "Bring blockchain to life", promoting applications and bringing blockchain to real life! BHO Network's mission is to support any business that sees blockchain as a productivity solution. BHO Network is built on BHO Chain, a blockchain network built on the foundation of Substrate, with high scalability and EVM compatibility. These are essential properties that facilitate the development of the BHO Network ecosystem and its applications.**

The Ethereum Virtual Machine (EVM) is an initial solution to develop interoperability, applied by major blockchains. Let’s learn the Importance of EVM to Blockchain with BHO Network through this article.

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THE CRITICAL ROLE OF EVM TO BLOCKCHAIN

**The scalability limit has spurred many blockchain networks to coexist. This has opened up the new problem of inter-chain communication/interoperability. One of the solutions that is highly appreciated by experts is the Multichain solution.**

Until recently, each blockchain was designed as a separate, independent ecosystem. However, as decentralized finance grows in popularity, the issue of blockchain interoperability is becoming more pressing than ever. Companies repeatedly emphasize the importance of bringing together major blockchain platforms. “Bridge” solution is the second direction to solve cross-chain interoperability, however, this solution has certain limitations such as:

- Expense: A new cross-chain bridge must be created for each pair of blockchains, which is costly for developers and inconvenient for users.
- Ownership and transfer of NFTs: It is not yet known how cross-chain bridges confirm the authenticity of NFTs transacted on multiple blockchains. For example, if an NFT is bought and sold on multiple marketplaces on different blockchains, how are all these transactions and owners accounted for?
- Network overload protection: Blockchain bridge is a new technology, it is difficult to predict what they will look like if a chain is congested.
- Hackers’ attack: In regards to the previous point, cross-chain bridges can be vulnerable if they haven't been thoroughly tested. In July last year, hackers withdrew $4 million from Defi projects due to a vulnerability in ChainSwap. The TronChain protocol was hacked twice, with a total loss of about $13 million. A hack into Poly Network took place in August 2021, when a hacker stole a total of $611 million in various cryptocurrencies.

Multichain refers to a more holistic direction: connecting all blockchains together as a single platform. We can easily see the blockchain today as the Internet in its infancy: fragmented and exists independently. Therefore, cross-chain interoperability will help create a cross-cutting and multitasking large network, with infinite scalability.

Some of the current major projects are applying this orientation to the future development of blockchain such as Polkadot and Cosmos. Connecting layer 1 blockchains together on a Layer 0 - as Polkadot and Cosmos are doing - is a more secure solution because projects built on it will inherit the security system of the original platforms - systems that have been thoroughly tested and experimented on. At the same time, the original layer 0 platforms will help handle the basics of infrastructure, making it easier for layer 1 projects to build on, focusing on perfecting the application, features and interface. 

Because it is not possible to have just one blockchain network to meet the needs of all mankind, multichain is the inevitable destination and the key to the widespread application of blockchain technology. On a smaller scale, many blockchain dApps and wallets today also aim to support connecting various blockchain networks. 

**3S Wallet is a multichain wallet application, built on three pillars of Simplicity, Security and Safety. The goal of 3S Wallet is to simplify the user experience when entering the crypto market and learning about blockchain technology. 3S Wallet currently supports more than 13 different popular networks, including Layer 2 scaling solutions, and will integrate more networks in the future. The 3S Wallet development team believes that Multichain is the inevitable goal of blockchain and, therefore, multichain support is an important criterion to help optimize the user experience and take advantage of the potential of new technology.**

**In addition, 3S Wallet is currently implementing a Rewards program with an attractive participation mechanism to help users earn more income. Anyone using 3S Wallet can try the feature by inviting friends to use 3S Wallet and get passive income with your own system up to $20 for each successful referral.**

**Detailed instructions for 3S Wallet's Rewards feature [here](https://bho.network/how-to-join-3s-wallets-rewards-program).**

The scalability limit has spurred many blockchain networks, which raises the issue of inter-chain communication/interoperability. One solution that experts appreciate is the Multichain solution.

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MULTICHAIN - THE FUTURE OF BLOCKCHAIN

**The issue of scaling is no longer a new topic, but it's also never out of date for discussion. In 2021, during an active market period, the Ethereum network faced a high volume of transactions leading to network congestion. Users had to pay fees of tens, sometimes hundreds of dollars for a simple transaction, which has prompted experts to look for alternative solutions to help expand the Ethereum network in particular, and the blockchain network in general.**

**Zero Knowledge Rollups or ZK-rollups is one of the scaling solutions that is considered to have potential, and is effective at the moment; some large layer 2 networks are also aiming to launch their own ZK-rollups networks. In this article, let's find out what ZK-rollups are and its advantages with BHO Network.**

# What is Rollup?
To understand what Zero-Knowledge Rollups is, we need to explain through Rollup. Rollup in the blockchain, as the name implies, just "bundles" a group of transactions and sends them out of the Ethereum mainnet. These transactions will be processed off-chain, then wrapped into a single block of data and fed back to the Ethereum network. By processing more transactions in a data block, network throughput is increased. Rollup is considered an effective scaling solution for Ethereum.

# What are Zero Knowledge Rollups?

Zero Knowledge Proof protocols group transactions into a package and then process and execute them off-chain. Off-chain computation reduces the amount of data that has to be posted to the blockchain. Operators of the ZK-rollup protocols send a summary of the changes needed to represent all transactions in a batch instead of sending each transaction individually. They also present validity proofs to prove the correctness of their changes. Cryptographic validity proofs ensure that the proposed changes to the state of Ethereum are indeed the end result of the execution of all transactions in the bundle.

ZK-rollups have the advantage of privacy protection, and most importantly, they are fast and cheap. ZK-rollups have some advantages over Optimistic Rollups in terms of speed and security, but they are significantly more complex in terms of technology infrastructure.

Thanks to recent advancements in blockchain & crypto, teams from Polygon, Matter Labs and Scroll say they are about to launch the first zkEVMs – ZK-rollups that work identically to the Ethereum network. Like today's popular Optimistic Rollups, these newer ZK-rollups should be able to support virtually any app developer looking to create applications on top of Ethereum – making things a lot faster and cheaper for end users.

Current typical ZK-rollups projects such as Mina Protocol, Loopring, Syscoin, Dusk, etc. can all be traded, swapped and stored on 3S Wallet simply, quickly and safely.

**At BHO Network and 3S Wallet, the future of blockchain is the ultimate goal, and the team always supports any development that benefits the Ethereum network in particular and the development of blockchain in general. 3S Wallet is a multichain wallet built around the pillars of Simplicity, Security and Safety. Currently 3S Wallet supports most of the popular networks today, including Layer 2 scaling solutions Polygon and Optimistic Rollup, and will certainly support more networks in the future, including ZK-rollups solutions.**

In this article, let's find out what ZK-rollups are and their advantages with BHO Network!

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WHAT IS ZERO KNOWLEDGE ROLLUP?

**Currently, derivatives trading on DEX has become more popular thanks to its safety, decentralization, and convenience as much as CEX. With 3S Wallet, investors can easily connect to DEXs to trade derivatives with just one simple gesture.**

Using decentralized exchanges allows investors to freely trade without being controlled by any organization, and have full control over their assets with a higher level of security. With the advantage of liquidity, and especially derivatives trading, in the past, most investors still preferred centralized exchanges. However, this stereotype has fundamentally changed after the explosion of dYdX - a decentralized derivatives exchange that was formerly a Layer 2 scaling solution, and now a Layer 1 blockchain built on Cosmos. After dYdX, a number of decentralized derivatives exchange projects were also launched, giving users the ability to trade derivatives in a safer, more transparent and decentralized way. 

Cryptocurrency derivatives exchanges have traditionally relied on centralization to organize lending and borrowing for margin trading and perpetual derivatives contracts. However, smart contracts have facilitated decentralized liquidity pools, which can be used as collateral for lending on popular protocols such as Uniswap, Compound, and Sushi.

dYdX combines decentralized financial technologies for the first derivatives exchange using only investor-contributed liquidity. In practice, this means that when you deposit collateral to open a leveraged trading position, you are borrowing from a decentralized liquidity pool that is fully funded by other traders.

To trade derivatives on a decentralized exchange, here are very simple steps investors can take with 3S Wallet:

- Go to a decentralized derivatives exchange (e.g. DYDX)
- Connect your 3S Wallet
- Make a deposit, then choose a transaction.
- Open a position with selected leverage (if applicable) & limit.
- Monitor P&L and collateralize your position as needed.

3S Wallet is a blockchain wallet developed by BHO Network, built on three main pillars of Simplicity, Security and Safety. 3S Wallet is refined to simplify the interface and operation, giving users the smoothest and easiest experience. With 3S Wallet, users can connect to Dapps, as well as derivatives decentralized exchanges to trade and seize opportunities while ensuring full control of their assets.

**In addition, 3S Wallet is currently implementing a Rewards program with an attractive participation mechanism to help users earn more income. Anyone using 3S Wallet can join this program by inviting friends to use 3S Wallet and get passive income with your own system up to $20 for each successful referral.**

**Detailed instructions for 3S Wallet's Rewards program [here](https://bho.network/how-to-join-3s-wallets-rewards-program).**

Derivatives trading on DEX has become more popular thanks to its safety, decentralization and convenience compared to CEX, and even more so with 3S Wallet.

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DERIVATIVES TRADING ON DEX WITH 3S WALLET

**As cryptocurrency and blockchain become more popular, the need to learn about it also surges. With the mass audience becoming more interested in cryptocurrencies, many movies of various genres with content revolving around blockchain and crypto have been created, depicting history, redefining the concept, and helping audiences envision the potential of this nascent industry.**

**If you are a blockchain enthusiast, learning more about the history, potential, and culture of blockchain and cryptocurrencies with a movie will always be an interesting and rewarding experience. In this article, BHO Network has compiled for you Top 5 crypto movies that you should watch!**

# The Rise and Rise of Bitcoin (2014)

![Rise&RiseBitcoin.jpg](https://cdn.bho.network/cms/Rise_and_Rise_Bitcoin_4abfe1c86f.jpg)


The film was released in 2014, produced by Amazon Prime and directed by Nicholas Mr. Although the film was born in the infancy era of cryptocurrencies, it seems that it is still not outdated to bring out for discussion at the present time. The Rise and Rise of Bitcoin provides a rewarding, interesting and unique perspective on the origin and development of the first cryptocurrency - Bitcoin. The movie really succeeds in explaining Bitcoin in cinematic language in a full, but simple, honest way, a bit dark but still funny enough that the audience can easily enjoy the full 1 hour and 36 minutes of the movie.

# Netflix Explained: Cryptocurrency (2018)

![NetflixCrypto.png](https://cdn.bho.network/cms/Netflix_Crypto_cdf69cb02f.png)

If you don't have too much free time, but still want to learn about cryptocurrencies through a movie without having to watch a summary video, then Netflix Explained: Cryptocurrency is the perfect movie for you. With a duration of only 14 minutes. Netflix Explained: Cryptocurrency is a great documentary for you to explain to your family or friends about cryptocurrencies without falling into a boring argument. Released in 2018, the Netflix-produced film simply recounts the history of the crypto world, while offering an interesting discussion of its true “origins.”

# Crypto (2019)

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Crypto is a more popular movie among mainstream audiences. This is a crime thriller movie starring Kurt Russell, Beau Knapp and Alexis Bledel. The film is a story about a young man working on Wall Street, investigating and battling a network of cryptocurrency-related fraud and money laundering scams. Crypto is highly entertaining, with a bit of violence, which paints a pretty complete picture of the underworld of cryptocurrencies as well as its downside. Spoiler alert, the good guys won.

# Cryptopia: Bitcoin, Blockchains, and the Future of the Internet (2020)

![Cryptopia.jpg](https://cdn.bho.network/cms/Cryptopia_8ce7b5d966.jpg)


Cryptopia: Bitcoin, Blockchains, and the Future of the Internet was released in 2020, just before the market went into a big boom. The film provides a detailed description of the early stages of Bitcoin, as well as the entire cryptocurrency sector, tracing its evolution from its infancy to the trillion dollar empire as it is today and trying to answer questions about its future as an alternative to the Internet. Director Torsten Hoffmann has successfully guided audiences to join an adventure into the worlds of decentralized technology, web3 and cryptocurrencies.

# Trust No One: The Hunt for the Crypto King (2022)

![Trust no one.jpg](https://cdn.bho.network/cms/Trust_no_one_bdd67124e5.jpg)


Trust No One: The Hunt for the Crypto King is a recently released documentary on Netflix, produced by Netflix in 2022. Trust No One: The Hunt for the Crypto King is truly an exciting documentary and arouses the curiosity of the viewer. The film is an investigation that traces the mysterious death of Gerald Cotten, the founder of Canadian cryptocurrency exchange QuadrigaCX. Young millionaire Gerald Cotten is said to have passed away in 2018, and then the gruesome truth was revealed that $250 million Canadian investors' money was lost or made inaccessible because of Cotten is the only one who has access to cold wallet password.

**Although there are many different sources of information and many ways to learn about cryptocurrency, learning about it through movies is not a bad idea and obviously not boring idea. BHO Network hopes that the list of 5 movies above can help investors, or simply individuals who want to start learning about cryptocurrencies and blockchain, to obtain useful information and observe the vivid picture of the history of the cryptocurrency market.**

In this article, BHO Network has compiled for you Top 5 crypto movies that newbies should watch.

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TOP 5 BLOCKCHAIN AND CRYPTOCURRENCY MOVIES NEWBIES SHOULD WATCH

# About DeFi
Decentralized Finance (DeFi) leverages the power of Blockchain to create a free and transparent finance. Blockchains use a decentralized peer-to-peer (P2P) trading system to eliminate middlemen and allow traders to lend, borrow, and provide liquidity directly. This results in interest rates that are often higher than those offered by traditional financial institutions like banks. 

In fact, most banks are regulated and can only offer interest at a certain percentage per year. Meanwhile, some DeFi platforms offer interest rates up to 20 percent annually or higher. Therefore, investing in DeFi platforms brings more benefits and is an extremely attractive "piece of cake" for investors.

In addition, DeFi has huge potential for users compared to traditional markets. DeFi trading, for example, is available 24/7 and 365 days a year, which can create new opportunities and trading possibilities with no time limits.

DeFi's speed and efficiency allows for rapid movement in and out of positions, thereby helping to take advantage of various opportunities such as arbitrage. Also, no matter what platform you have, or how much money you have, you can use DeFi.

There are more than a billion people in the world who do not have bank accounts and cannot use traditional markets. It is a huge boon for people who don't have a bank account to access and invest with DeFi - in a world where banks simply don't exist for them.

# Barriers
For beginners, most cryptocurrency wallets and decentralized finance (DeFi) protocols are somewhat complicated. Despite many functions, some crypto wallets are somewhat unfriendly even for experienced users.

Today, most users are familiar with simple interfaces, and functions that just require a few gestures such as "Swipe left, swipe right", etc., which can be done easily. Therefore, technology products are trying to reach consumers, including applications on blockchain and decentralized financial products.

However, as DeFi grows rapidly, the functional range of protocols also increases with complexity as the need for features and applications divide to accommodate more blockchain networks. 

To quickly solve user needs, BHO Network provides 3S Wallet with the goal of Simplicity, Security and Safety - providing maximum support for newcomers when participating in DeFi. 

# Improve user experience

3S Wallet is an innovative multi-chain crypto wallet that solves user experience issues and provides quick and easy referrals for both novice and advanced crypto users. 

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With a one-touch gesture interface, it is usable for beginners without having to learn much. Besides, 3S Wallet integrates many features such as:
- Integrated on-ramp payment gateway through Moonpay
- Kyberswap integration allows users to swap assets quickly and at low cost directly on wallets over a chain or cross-chain
- Built-in popular DeFi protocols such as Uniswap, Pancakeswap, 1inch, AAVE, GMX, OpenSea, etc. which helps users to have quick access without needing to remember the exact access address of each dApps.
- NFT storage & transaction: Allows you to store, send, receive and buy NFTs quickly from many different networks. 

In addition to simple and basic features to help accelerate DeFi, 3S Wallet also has a Rewards program with an attractive participation mechanism to help users earn more income. Anyone using 3S Wallet can join the feature by inviting friends to use 3S Wallet and get passive income with your own system up to $20 for each successful referral. 

Detailed instructions for 3S Wallet's Rewards feature [here](https://bho.network/how-to-join-3s-wallets-rewards-program).

# Summary
DeFi is a complex and nascent field that is growing rapidly. Decentralized finance (DeFi) protocols have helped diversify investment opportunities for retail investors. And an important factor for the widespread adoption of DeFi, to unleash its true potential, is to enhance the user experience. BHO Network believes that 3S Wallet will help users speed up and simplify the DeFi experience. 3S Wallet is now available on both iOS and Android, you can download the app [here](https://3swallet.com/).

DeFi is a complex and nascent field that is growing rapidly, and BHO Network believes that 3S Wallet will help users speed up and simplify the DeFi experience.

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ENHANCE YOUR DEFI EXPERIENCE WITH 3S WALLET

BHO Pad is a platform to support blockchain projects in building their own community, thereby helping them to raise capital. BHO Pad is a comprehensive solution for blockchain projects in raising capital, providing high-tech human resources, and consulting on marketing strategies.\n
BHO Pad was developed based on BHO Network's own successful fundraising experience, with 03 rounds of IMO (Public Sale) sales reaching more than 1 million USD in less than 40 minutes, especially the 3rd IMO round sold out in just over 30 seconds.\n
In addition, BHO Network has an expansive network of media & social networking communities in more than 20 countries and territories and more than 10,000 media partners that include news sites, communities, and KOLs.\n
With more than 100,000 members of the BHO Network community and the monthly website traffic of over 500,000 times, BHO Pad can be the door to help blockchain projects come closer to the community, thereby accessing and interacting with potential investors more easily.\
BHO Pad is one of the core products in the BHO Network ecosystem, aiming to support and accompany Vietnamese blockchain start-ups.

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BHO Pad

A sovereign chain based on the Substrate architecture, an established blockchain platform in terms of resilience, performance, and security. BHO Chain employs the Nominated Proof-of-Stake (NPoS) system rather than the traditional Proof-of-Work (PoW) approach, resulting in a performant, green, and energy-efficient consensus mechanism. The BHO Chain is entirely open source, developers easy to build products & dapps on network.

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BHO Chain (BHC20)

BHO Wallet is a financial tool supporting individuals or organizations to hold assets, spend, and receive cryptocurrencies. Being aware of difficulties incurred when using digital wallets on the market, BHO Wallet offers solutions to optimize users' experience by developing superior features such as: personalization, security warning, simple interface. Hence, BHO Wallet promises to bring a completely different experience, while meeting users' needs and solving complications for more than 70 million investors in the market.\n
BHO Wallet is one of the key products to complete the ecosystem of BHO Network with the goal of supporting easy and safe transactions, as well as generating more financial opportunities for the BHO Network investor community, and the crypto em in general.

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BHO Wallet

BHO DEX is a decentralized exchange that enables online peer-to-peer cryptocurrency transactions.\n
BHO DEX enables projects to generate their own tokens on multiple chains, which facilitates trade and eliminates the need for multiple DEX, which results in increased risk in management.\n
With BHO DEX, end users may simply swap their tokens across several networks at a lower cost than with other DEX.\n
BHO DEX is a strategic product that leverages the high speed and cheap gas fee of BHO Network to accelerate the growth of users and dApps projects inside the BHO Network ecosystem.

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BHO DEX

BHO NFT Marketplace is a digital commercial platform connecting buyers and sellers to provide optimal services and experiences for users when trading NFT and GameFi products.\n
With the priorities of safety and ease of use, NFT Marketplace will provide a solution to help the exchange and purchase process be transparent and fast with NFT authentication tools while helping sellers to easily setup customisable stores. NFT Marketplace is the ideal platform to connect NFT and GameFi users with a community of creators, designers, and collectors of digital art publications.\n
NFT Marketplace is one of the four key products of BHO Network in its development roadmap in 2022, creating the premise for transparent and convenient trading and buying based on blockchain technology.

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BHO NFT Marketplace

Products

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BHO Network is built on BHO Chain (BHC-20) - a foundational and critical component of the BHO Network in enabling the development of a complete ecosystem based on blockchain technology.

BHO Network - Bring blockchain to life

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Our Staking Rewards event is [live](https://sale.bholdus.com/)! More information [here](https://bholdus.com/blog/article/bholdus-launches-staking-rewards-event-offering-up-to-50percent-interest)!