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Latest cryptocurrency news > ALTCOIN > Prosper Empowers Short-Term Predictions
ALTCOIN

Prosper Empowers Short-Term Predictions

BH NEWS
Last updated: 8 July 2024 12:00
BH NEWS 1 year ago
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Prosper is an innovative platform operating on the Binance Smart Chain that facilitates short-term prediction and hedging opportunities. By leveraging binary predictions, users can delve into the minutiae and hedge their risks effectively. This platform is akin to a Uniswap for predictions, employing Chainlink price feeds to ascertain final prices, thereby ensuring high security and safeguarding against market manipulation.

Contents
How Does Prosper Operate?Where Can You Buy PROS Coin?Key Inferences from Prosper

How Does Prosper Operate?

At its core, Prosper utilizes Chainlink’s decentralized price feeds to enhance the accuracy and security of its predictions. Currently, the platform supports price feeds for BNB/USD pairs, with plans to expand this range in the future. Every 10 seconds, Prosper automatically checks the latest block number on Binance Smart Chain. If a prediction pool ends within this block range, the platform’s trigger method is activated, awaiting a final price from the Chainlink feed contract. The process repeats until a response is received, ensuring the reliability of final prices.

Where Can You Buy PROS Coin?

Prosper Coin (PROS) is accessible on Binance, the leading cryptocurrency exchange by trading volume. Presently, PROS is active in the Ethereum trading pair on the platform. Interested buyers must first register on Binance, transfer either cryptocurrency or fiat money to their Binance wallet, and then proceed to purchase PROS from the PROS/ETH trading pair interface. By entering the desired amount and completing the Buy PROS order, users can easily acquire the coin.

Key Inferences from Prosper

– Utilizing Chainlink price feeds ensures accuracy and security for users.
– Regular automated checks enhance the reliability of prediction outcomes.
– Expansion of price feed pairs is planned, increasing the platform’s versatility.
– Binance provides a secure and user-friendly platform for purchasing PROS Coin.

In conclusion, Prosper stands out as a robust platform for short-term predictions and hedging, combining advanced technology with user-centric features to offer a reliable and secure experience.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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