Market makers</strong></a>, on the other hand, buy an asset at the bid price and sell it at the asking price. The bid typically represents the demand of the asset, while the <strong>ask</strong> is representative of the supply. The spread usually ends up being the transaction costs.</p>\n<p>The bid-ask spread is used to measure <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-liquidity/">market liquidity</strong></a> and is directly dependent on it. The more liquid an asset is, the smaller its bid-ask spread can be. The buyer and seller are obliged to purchase or sell their shares at the settled price once the order is placed. There are different types of orders that trigger different order placements.</p>\n<p>A number of factors can be behind a high bid-ask spread. One of them is liquidity. The spread of heavily traded assets tends to be much smaller than those whose trading is more sparse. The size of the bid-ask spread can be affected by unpopular or unknown <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-security/">securities.

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Cryptocurrencies?","featured_image_id":10342,"status":"published","chapter_id":7,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/where-to-trade-crypto","featured_image":{"id":10342,"uuid":"0bd8d78a-9423-48ee-9161-34dc1872b97c","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/where-to-trade-crypto-featured-image.jpg","path":"crypto/storage/optimized/where-to-trade-crypto-featured-image.jpg","original_path":"crypto/storage/original/where-to-trade-crypto-featured-image.jpg","name":"where-to-trade-crypto-featured-image.jpg","original_name":"where-to-trade-crypto-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"85.96KB"},"youtube_video":null},{"slug":"how-to-invest-in-crypto","title":"Investing in Crypto: What Investing Options Do You Have?","featured_image_id":10729,"status":"published","chapter_id":7,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-invest-in-crypto","featured_image":{"id":10729,"uuid":"3439a1db-9892-404a-b4b6-a1db5a34bca4","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","path":"crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","original_path":"crypto/storage/original/how-to-invest-in-crypto-featured-image.jpg","name":"how-to-invest-in-crypto-featured-image.jpg","original_name":"how-to-invest-in-crypto-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"75.22KB"},"youtube_video":null},{"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the One?","featured_image_id":11310,"status":"published","chapter_id":7,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/ico-vs-ido","featured_image":{"id":11310,"uuid":"315e8a2b-93a1-4870-be48-a2a09d801663","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/ico-vs-ido-featured-image.jpg","path":"crypto/storage/optimized/ico-vs-ido-featured-image.jpg","original_path":"crypto/storage/original/ico-vs-ido-featured-image.jpg","name":"ico-vs-ido-featured-image.jpg","original_name":"ico-vs-ido-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"64.39KB"},"youtube_video":null},{"slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get Them?","featured_image_id":11359,"status":"published","chapter_id":7,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-an-airdrop","featured_image":{"id":11359,"uuid":"7b43c968-1275-4d3e-acb1-1707a43a4014","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","path":"crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","original_path":"crypto/storage/original/what-is-an-airdrop-featured-image.jpg","name":"what-is-an-airdrop-featured-image.jpg","original_name":"what-is-an-airdrop-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"66.05KB"},"youtube_video":null},{"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","featured_image_id":6542,"status":"published","chapter_id":7,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-get-free-crypto","featured_image":{"id":6542,"uuid":"4fceb9ab-391e-4ef9-b00d-c871a49878a3","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-get-free-crypto.o.jpg","path":"crypto/storage/media/how-to-get-free-crypto.o.jpg","original_path":"crypto/storage/media/how-to-get-free-crypto.jpg","name":"how-to-get-free-crypto.o.jpg","original_name":"how-to-get-free-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.93KB"},"youtube_video":null},{"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-arbitrage-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-fud","title":"What is FUD: How to Use It to Your Advantage While Investing in Crypto?","featured_image_id":11394,"status":"published","chapter_id":7,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-fud","featured_image":{"id":11394,"uuid":"defd32c5-d3e1-4e66-9f58-e2ee316bad3a","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-fud-featured-image.jpg","path":"crypto/storage/optimized/what-is-fud-featured-image.jpg","original_path":"crypto/storage/original/what-is-fud-featured-image.jpg","name":"what-is-fud-featured-image.jpg","original_name":"what-is-fud-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"65.30KB"},"youtube_video":null},{"slug":"investing-in-cryptocurrency","title":"Investing in Cryptocurrency: How to Manage Your Risks?","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":8,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/investing-in-cryptocurrency","featured_image":null,"youtube_video":null},{"slug":"what-is-a-rug-pull-in-crypto","title":"What is a Rug Pull in Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto Taxes","featured_image_id":6526,"status":"published","chapter_id":7,"language":"en","order":11,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-crypto-taxes","featured_image":{"id":6526,"uuid":"1e44162c-ef1d-4010-81b4-9e8d1809aedf","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","path":"crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","original_path":"crypto/storage/media/how-to-avoid-crypto-taxes.jpg","name":"how-to-avoid-crypto-taxes.o.jpg","original_name":"how-to-avoid-crypto-taxes.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"99.10KB"},"youtube_video":null}]},{"id":8,"title":"Crypto Analysis","slug":"crypto-analysis","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-analysis.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-analysis-101.jpg","rating":100,"sections":[{"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bullish-and-bearish","featured_image":null,"youtube_video":null},{"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know About","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-candlesticks","featured_image":null,"youtube_video":null},{"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":85,"original_id":null,"author_id":41,"translator_id":null,"title":"What is Big Tech?","slug":"what-is-big-tech","section":"B","keyword":"Big Tech","status":"published","definition":"the four biggest IT companies in the US – Meta (Facebook), Apple, Google, and Amazon. Microsoft is occasionally included in the list.","content":"<p><strong>Big Tech</strong> refers to the biggest information technology (IT) companies in the United States &ndash; Meta (formerly known as Facebook), Apple, Alphabet (Google), and Amazon. Depending on the source, Microsoft may also be featured on the Big Tech list.</p>\n<p>Big Tech companies are some of the best-known brands in the world, attracting investors, researchers, and prospective industry professionals alike. The market capitalization of the companies ranges between $650 billion and $2.8 trillion. Each company operates in various sectors and provides a high-tech hub for digital activities and services.</p>\n<p>The Big Tech corporations hold the monopoly of their respective fields. Alphabet&rsquo;s Google is the widest-used search engine in the world, Amazon offers the biggest eCommerce service, while social media platforms and services like Instagram, WhatsApp, and Facebook all rest under <strong>Meta&rsquo;s</strong> wing.</p>\n<p>Products and services offered by the Big Tech companies are acquired from new and emerging markets. It&rsquo;s not uncommon for big companies to invest in smaller-scale products that experience significant market growth.</p>\n<p>They can also increase their scope throughout different sectors. Amazon offers video-on-demand streaming services and owns the live streaming platform Twitch. Google provides additional services like <strong>cloud storage</strong>, email, and video sharing. In October 2021, Meta announced investments in metaverse development.</p>\n<p>Given the global reach of the Big Tech companies, they have had a massive impact on <strong>technological development</strong> and user experience. The services of these companies are relied upon by companies and individuals on a daily basis.</p>\n<p>The global influence and dominance of these companies are seen as concerning by some due to the high vertical distance between their competitors. The Big Tech companies have been under scrutiny for their business practices, alleged attempts to acquire and eliminate market competitors, and employee mistreatment.</p>\n<p>Amazon has been particularly criticized for <a href=https://www.bitdegree.org/"https://www.nytimes.com/interactive/2021/06/15/us/amazon-workers.html/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>workers&rsquo; conditions</strong></a> and <a href=https://www.bitdegree.org/"https://www.nytimes.com/2021/03/16/technology/amazon-unions-virginia.html/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>union-busting attempts</strong></a>. The company&rsquo;s safety conditions were brought into question after <a href=https://www.bitdegree.org/"https://www.reuters.com/markets/commodities/sadness-anger-amazon-workers-who-died-during-tornado-2021-12-17//" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong><strong>six workers were killed in an Amazon warehouse</strong></strong></a> during a tornado in late 2021.</p>\n<p>The company is also alleged to acquire smaller publishing companies and bookstores to monopolize its physical, e-book, and audiobook services.</p>\n<p>In February 2022, it was announced that <a href=https://www.bitdegree.org/"https://thewire.in/books/amazon-shuts-down-westland-publishing-house-five-years-after-acquiring-it/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Amazon was shutting down Westland</strong></a>, one of the biggest English-language publishing companies in India, five years after its acquisition. The decision was highly criticized as an attempt to squash competition.</p>\n<p>Apple devices have been heavily criticized for slowing down the operational system of older models after a release of a new update. The company has been also accused of <a href=https://www.bitdegree.org/"https://www.bbc.com/news/world-europe-42615378/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>planned obsolescence</strong></a>. In 2017, Apple confirmed that <a href=https://www.bitdegree.org/"https://www.businessinsider.com/apple-paying-113-million-lawsuit-slowing-down-iphones-2020-11/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong><strong>older hardware was being slowed down deliberately</strong></strong></a>.</p>\n<p>Furthermore, there have been concerns about materials used in the structure of Apple&rsquo;s wireless earphones, AirPods, as they are non-recyclable and the battery cannot be replaced after it dies. Critics have pointed out that this is <a href=https://www.bitdegree.org/"https://therising.co/2019/05/17/apple-airpods-are-a-sustainability-disaster//" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>unsustainable</strong></a> and speculated that it was employed as a strategy to promote consumerism.</p>\n<p>Similar to Amazon, Facebook has been brought into question regarding its acquisition of social media platforms Instagram and WhatsApp and whether it was an attempt to counteract them as <a href=https://www.bitdegree.org/"https://www.cnbc.com/2019/09/24/facebook-bought-instagram-because-it-was-scared-of-twitter-and-google.html/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>potential market competitors</strong></a>.</p>\n<p>In October 2021, a whistleblower revealed that Facebook had a <a href=https://www.bitdegree.org/"https://www.washingtonpost.com/technology/2021/10/22/facebook-new-whistleblower-complaint//" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>direct influence on the 2016 presidential election in the US</strong></a> by <strong>allowing misinformation</strong>, hate speech, and toxic content to remain on the platform. The influence that an IT corporation of this scale can have on world politics was noted as a major concern.</p>\n<p><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-blockchain/">Blockchain technology</strong></a> is seen by some companies as a potential competitive force against the monopoly of Big Tech corporations.</p>\n<p>Market competitors are working on developing blockchain-based <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-are-decentralized-applications-dapps/">decentralized applications</strong></a> and services in finance, social media, entertainment, and other sectors where the Big Tech corporations are prominent.</p>\n<p>However, Big Tech companies have also shown interest in blockchain technology, like <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrencies, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-non-fungible-token-nft/">non-fungible tokens (NFTs)</strong></strong></a>, and&nbsp;<a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-metaverse/">virtual spaces (metaverses)</strong></a>.</p>","level":"hard","meta_title":"What is Big Tech? Definition & Meaning | Crypto Wiki","meta_description":"Big Tech meaning: Big Tech - the four biggest IT companies in the US – Meta (Facebook), Apple, Google, and Amazon. Microsoft is occasionally included in the list.","meta_keywords":null,"language":"en","created_at":"2022-02-14T06:59:49.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-big-tech"},"prevSection":{"id":83,"original_id":null,"author_id":41,"translator_id":null,"title":"What is BEP-95 (Bruno Hard Fork Upgrade)?","slug":"what-is-bep-95-bruno-hard-fork-upgrade","section":"B","keyword":"BEP-95 (Bruno Hard Fork Upgrade)","status":"published","definition":"Binance Evolution Protocol, aiming to optimize the speed of the BNB burning process.","content":"<p><strong>Binance Evolution Proposal (BEP-95)</strong> is a protocol offering a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-burning/">faster burning mechanism</strong></a> to the Binance Smart Chain (BSC). This protocol, also known as the Bruno hard fork upgrade, aims to burn the coins on the Binance-backed decentralized blockchain protocol in real-time.</p>\n<p>The BEP-95 was revealed on October 22, 2021. According to the developers, the optimization process can benefit validators and holders as the value of <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-binance-coin-bnb/">BNB tokens</strong></a> goes up after the excess is burned, allowing the price to perpetually rise.</p>\n<p><a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">Ethereum&rsquo;s EIP-1559 protocol, implemented in August 2021, is similar to the BEP-95. The London hard fork update implemented on the Ethereum blockchain is part of the broader schedule of upgrades that aim to transfer Ethereum from a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-work-pow/">Proof-of-Work (PoW)</strong></a> to a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-stake-pos/">Proof-of-Stake (PoS)</strong></a> consensus mechanism.</p>\n<p>Binance Smart Chain is the second most popular network after Ethereum to utilize a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hard-fork-blockchain/">hard fork strategy</strong></a> as means of price inflation. This strategy aims to make the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-are-tokenomics/">tokenomics of BNB more dynamic.</p>\n<p>Binance&rsquo;s goal is to speed up the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-full-node/">full node synchronization</strong></a>, thus improving the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decentralization/">decentralization of the entire network. It is expected that the price of Binance&rsquo;s native coin BNB will experience significant gains.</p>\n<h2>Gas Fee Distribution in BEP-95</h2>\n<p>BNB is the native token of <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/goon/binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Binance</strong></a>, one of the <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/best-cryptocurrency-exchange/">biggest cryptocurrency exchange platforms</strong></strong></a> in the world. It has numerous uses, like covering crypto transaction fees on its native platform or using it on blockchains with appropriate integrations.&nbsp;</p>\n<p>BNB is a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-deflation/">deflationary token</strong></a>. This means that a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining-algorithm/">mining algorithm</strong></a> is not used to create new blocks on the chain. The supply of BNB will progressively decrease with each burning event planned by Binance.</p>\n<p>BNB uses a unique consensus algorithm known as Proof-of-Staked-Authority (PoSA), which functions as a hybrid of Proof-of-Stake (PoS) and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-authority-poa/">Proof-of-Authority (PoA)</strong></strong></a> mechanisms. With each verified block, the validators receive a reward from the transaction fees. No new BNB is <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-minting/">minted as a reward.</p>\n<p>The transaction fees, also known as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-gas-price/">gas cost</strong></a>, are collected and go towards the two system smart contracts &ndash; ValidatorSet Contract and System Reward Contract.</p>\n<p>The BEP-95 is set to <strong>improve the network</strong>. The expected improvements are:</p>\n<ul>\n<li>The BEP-95 burn will keep progressively reducing the supply of BNB, continuing past the target supply of 100 million tokens;</li>\n<li>The process of token burning will be sped up;</li>\n<li>Binance Smart Chain will become more decentralized thanks to the portion of transaction fees burning off;</li>\n<li>The value of BNB will increase.</li>\n</ul>","level":"medium","meta_title":"What is BEP-95 (Bruno Hard Fork Upgrade)? Definition & Meaning | Crypto Wiki","meta_description":"BEP-95 (Bruno Hard Fork Upgrade) meaning: BEP-95 (Bruno Hard Fork Upgrade) - Binance Evolution Protocol, aiming to optimize the speed of the BNB burning process.","meta_keywords":null,"language":"en","created_at":"2022-02-14T06:19:03.000000Z","updated_at":"2023-05-16T11:34:26.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-bep-95-bruno-hard-fork-upgrade"},"currentChapter":"B","currentSection":"what-is-bid-ask-spread","chapterTitle":"B","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-bid-ask-spread","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter B

What is Bid-Ask Spread?

Bid-Ask Spread MEANING:
Bid-Ask Spread - the difference between the highest price buyers are willing to pay for an asset and the lowest price the seller is willing to agree with.
Easy
1 minute

Let's find out Bid-Ask Spread meaning, definition in crypto, what is Bid-Ask Spread, and all other detailed facts.

A bid-ask spread defines the difference between the highest price that a buyer would be willing to pay for an asset on sale and the lowest price that a seller would be willing to take for it.

Price takers can buy an asset at the asking price and sell it at the bid price. Market makers, on the other hand, buy an asset at the bid price and sell it at the asking price. The bid typically represents the demand of the asset, while the ask is representative of the supply. The spread usually ends up being the transaction costs.

The bid-ask spread is used to measure market liquidity and is directly dependent on it. The more liquid an asset is, the smaller its bid-ask spread can be. The buyer and seller are obliged to purchase or sell their shares at the settled price once the order is placed. There are different types of orders that trigger different order placements.

A number of factors can be behind a high bid-ask spread. One of them is liquidity. The spread of heavily traded assets tends to be much smaller than those whose trading is more sparse. The size of the bid-ask spread can be affected by unpopular or unknown securities.
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