iZiko

by Ziko.

Abstract:

Layer 2 scaling solutions have emerged as a promising way to improve the scalability of Ethereum. Among the most popular solutions are Arbitrum, zkSync, and Optimism, each with their own unique features and trade-offs. In this paper, we provide a comparative analysis of these three solutions using key metrics such as transaction throughput, confirmation times, and gas costs. We also present a formula for calculating the cost savings of using Layer 2 solutions compared to Layer 1. Our analysis suggests that while all three solutions offer significant improvements over Layer 1, Arbitrum and zkSync have higher transaction throughput and lower confirmation times than Optimism.

Introduction:

Ethereum has become a popular platform for decentralized applications, but its scalability issues have become a major obstacle to its wider adoption. Layer 2 scaling solutions have emerged as a promising way to address these issues, by moving some transactions off the main Ethereum blockchain to secondary networks that can process transactions faster and more cheaply. Among the most popular Layer 2 solutions are Arbitrum, zkSync, and Optimism, each with their own unique features and trade-offs.

Methodology:

We conducted a comparative analysis of these three solutions using key metrics such as transaction throughput, confirmation times, and gas costs. To calculate the cost savings of using Layer 2 solutions compared to Layer 1, we used the following formula:

(Cost per transaction on Layer 1 - Cost per transaction on Layer 2) / Cost per transaction on Layer 1

Results:

Our analysis suggests that all three solutions offer significant improvements over Layer 1 in terms of transaction throughput, confirmation times, and gas costs. However, Arbitrum and zkSync have higher transaction throughput and lower confirmation times than Optimism. This is particularly true for zkSync, which has demonstrated transaction speeds of up to 2,000 transactions per second (TPS) with confirmation times of just a few seconds. Arbitrum has demonstrated TPS of up to 700 and confirmation times of a few minutes, while Optimism has demonstrated TPS of up to 200 and confirmation times of a few minutes.

Conclusion:

Layer 2 scaling solutions have emerged as a promising way to improve the scalability of Ethereum, and Arbitrum, zkSync, and Optimism are among the most popular solutions. Our comparative analysis suggests that all three solutions offer significant improvements over Layer 1 in terms of transaction throughput, confirmation times, and gas costs, but Arbitrum and zkSync have higher transaction throughput and lower confirmation times than Optimism. Developers and users should carefully evaluate the trade-offs of each solution before deciding which one to use.

#blockchain #layer2 #Ethereum #Arbitrum #zkSync #Optimism #scaling #cryptocurrency #decentralizedfinance #smartcontracts #cryptonews

مبسطة للغاية:

كانت الأزمة المالية لعام 2008 مشكلة كبيرة أثرت على الكثير من الناس حول العالم. حدث ذلك لأن بعض البنوك والشركات المالية تحملت الكثير من المخاطر واتخذت قرارات سيئة. وقد أدى ذلك إلى خسارة الكثير من المال، بل وإفلاس بعضهم.

ونتيجة للأزمة، اتخذت الحكومات والجهات التنظيمية المالية في جميع أنحاء العالم خطوات لمنع حدوث أزمة أخرى. تتضمن هذه الخطوات ما يلي:

وضع قواعد تجعل البنوك والشركات المالية تحتفظ بمزيد من الأموال في الاحتياطي، وبالتالي تقل احتمالية فشلها.

ZkSync هو حل لتوسيع الطبقة 2 لشبكة Ethereum يعالج تحديات السرعة والكفاءة التي تواجهها الشبكة. يتم بناء حلول الطبقة 2 على الطبقة 1، وهي الطبقة الأساسية التي تتولى معالجة جميع المعاملات وتنفيذ العقود الذكية والوظائف الأخرى التي تدعمها الشبكة. ومع ذلك، يمكن أن تصبح الطبقة 1 مزدحمة عندما يكون هناك حجم كبير من المعاملات، مما يؤدي إلى إبطاء أوقات المعاملات وارتفاع الرسوم.

تم تصميم ZkSync لتخفيف بعض معالجة المعاملات من الشبكة الرئيسية، مما قد يحسن سرعة وكفاءة المعاملات ويقلل الرسوم المرتبطة بها. يمكن للمستخدمين تحويل الأموال وإجراء المعاملات بمعدل أسرع بكثير وبرسوم أقل بكثير من شبكة Ethereum الرئيسية. في الواقع، تبلغ الرسوم على zkSync حوالي 1/100 من تكاليف الشبكة الرئيسية لرموز ERC20 و1/30 لتحويلات ETH. هذا يعني أنه يمكن للمستخدمين إجراء المعاملات وتحويل الأموال برسوم غاز تقترب من الصفر، مما يجعل معاملاتهم رخيصة قدر الإمكان.

خلاصة:

إن متوسط ​​التكلفة بالدولار (DCA) هو استراتيجية استثمارية شائعة تتضمن شراء مبلغ ثابت بالدولار من أحد الأصول بشكل منتظم، بغض النظر عن تقلبات أسعاره. تدرس هذه الدراسة فعالية متوسط ​​التكلفة بالدولار في سياق العملات المشفرة، باستخدام البيتكوين كمثال. نفترض أن فردًا بدأ في شراء البيتكوين بسعر 69000 دولار واستمر في استثمار 5 دولارات يوميًا حتى اليوم. تكشف النتائج عن الفوائد المحتملة لمتوسط ​​التكلفة بالدولار في تقليل متوسط ​​سعر الشراء وتخفيف تأثير تقلبات السوق على عوائد الاستثمار.

In recent years, we've seen a number of banking collapses and financial crises that have left many people feeling uneasy about the traditional banking system. One potential solution to this problem is cryptocurrency.

Unlike traditional banks, which are subject to the ups and downs of the economy and can be influenced by government policies, cryptocurrencies operate independently. They use blockchain technology to maintain a decentralized ledger of transactions that is transparent, secure, and resistant to manipulation.

With cryptocurrencies, individuals have more control over their own finances and can conduct transactions without the need for intermediaries like banks. This can help to reduce fees, increase security, and streamline the financial system.

Furthermore, cryptocurrencies can help to promote financial inclusivity and empower people who may not have access to traditional banking systems. This is particularly important in developing countries where many people lack access to basic financial services.

Overall, while cryptocurrency is still a relatively new and evolving technology, it has the potential to offer a more stable and reliable financial system that is resistant to the kind of collapses and crises we've seen in the past.

Binance is one of the largest and most successful cryptocurrency exchanges in the world, but it is not taking over the entire crypto world. There are many other exchanges, platforms, and projects that contribute to the development and growth of the crypto industry. While Binance has a significant market share, there is still room for competition and innovation in the space.

Binance has played a significant role in the growth and development of the cryptocurrency space, providing a wide range of services to users worldwide. Its efforts to simplify and streamline the process of buying, selling, and trading cryptocurrencies have helped to drive adoption and make it more accessible to the masses. However, recent controversies around regulatory compliance and security concerns have raised questions about its practices and accountability. Ultimately, the impact of Binance on the space is a matter of interpretation and depends on one's perspective.

There has been a lot of FUD (fear, uncertainty, and doubt) surrounding Binance lately due to several reasons. One major reason is increased regulatory scrutiny and investigations into the company's operations in various countries. Additionally, there have been concerns about Binance's compliance with anti-money laundering (AML) and know your customer (KYC) regulations, as well as its handling of user data and security breaches. These issues have raised questions about Binance's transparency and overall credibility, leading to FUD in the crypto community.

Yes, it is possible for Binance to clean up its act and operate in a fully compliant and transparent manner. This would require the company to make significant changes to its operations, such as implementing stronger KYC and AML policies, increasing transparency around its corporate structure and ownership, and cooperating fully with regulatory authorities. Whether or not Binance chooses to make these changes and regain trust in the industry is yet to be seen.

Binance can assure its survival against regulators by taking proactive measures to address the regulatory concerns. This includes implementing strong KYC and AML policies, improving compliance with local regulations, and cooperating with regulators to resolve any outstanding issues. Binance can also work on enhancing transparency and communication with its customers to build trust and credibility in the industry. Additionally, Binance can diversify its offerings beyond just cryptocurrency trading, such as expanding into decentralized finance (DeFi) or non-fungible tokens (NFTs), to create more revenue streams and reduce its reliance on trading fees.

Overall, Binance is a major player in the cryptocurrency industry, offering a wide range of services such as trading, staking, lending, and more. The exchange has gained a large user base and has expanded globally in a short period of time. However, there have been concerns and controversies surrounding the company, particularly related to its compliance and regulatory issues. Ultimately, the long-term success of Binance will depend on its ability to address these issues and maintain the trust of its users and regulators.

#Binance #CryptoExchange #Cryptocurrency #Blockchain #DigitalAssets

The Binance NFT Subscription Mechanism sounds like an innovative way for users to participate fairly in the latest drops and exclusive releases on Binance NFT.

It is great to see that Binance is introducing a new mechanism to ensure that all users have an equal opportunity to participate in the primary sales.

The four phases of the Binance NFT Sale - Preparation phase, Subscription period, Calculation period, and Distribution period - seem to be well-designed to provide a seamless experience for users.

It's also helpful to see the Frequently Asked Questions section to address common queries related to the Binance NFT Subscription Mechanism. It's good to know that all Binance users who have completed the Identity Verification can participate in the primary sale to purchase NFTs.

Overall, the Binance NFT Subscription Mechanism seems like an excellent step towards ensuring a fair and square way for BNB and NFT holders to commit tokens towards a Binance NFT sale.

As the world of cryptocurrency continues to grow, it's important for exchanges and wallets to continually improve their offerings to meet the needs of users. Binance's wallet is no exception, and there are several ways that it could be improved to better serve its users.

One area that Binance's wallet could be improved is in its security features. While the wallet is generally considered secure, adding additional security measures such as two-factor authentication or biometric authentication would make it even more secure. Additionally, integrating multi-signature support would provide an extra layer of protection for users' assets.

Integration with more platforms and services is another area where Binance's wallet could be improved. By integrating with decentralized exchanges and other third-party applications, users would have more options for managing their digital assets. This would provide greater flexibility and convenience for users.

Improving the user interface is also important, as many users find the current interface cluttered and difficult to navigate. Simplifying the design and making it more user-friendly would make the wallet more accessible to users, and would help to attract new users to the platform.

Customer support is another area where Binance's wallet could be improved. Providing more resources and assistance for users who need help with the app would improve the overall user experience and help to build trust with the community.

Adding support for more cryptocurrencies is also important, as it would allow users to easily store and manage a wider variety of digital assets. This would attract more users to the platform and would help to establish Binance's wallet as a leader in the industry.

Offering more educational resources would also be beneficial, as many users are new to the world of cryptocurrency and may need assistance in understanding how to use the wallet effectively. Providing video tutorials or written guides would help users to navigate the platform and would improve their overall experience.

Finally, simplifying the process for buying and selling cryptocurrency through Binance would make the platform more accessible to users. By making the process more user-friendly, users would be more likely to use the platform for all of their cryptocurrency needs.

Overall, there are many ways that Binance's wallet could be improved to better serve its users. By addressing these areas, Binance can establish itself as a leader in the cryptocurrency industry and attract more users to the platform.

تعد Binance واحدة من أكبر وأشهر بورصات العملات المشفرة في العالم، وذلك لسبب وجيه. فيما يلي 10 أسباب قد تجعلك تفضل Binance على بورصات العملات المشفرة الأخرى:

سيولة عالية: مع ارتفاع حجم التداول والسيولة، تجعل Binance من السهل شراء وبيع العملات المشفرة بسعر عادل.

الأمان: تتمتع Binance بسجل حافل من الأمان وقد استثمرت بكثافة في تدابير مثل المصادقة الثنائية وتشفير SSL.

مجموعة واسعة من العملات المشفرة: تقدم Binance مجموعة واسعة من العملات المشفرة للتداول، بما في ذلك العديد من العملات البديلة الأصغر حجمًا والتي قد لا تكون متاحة في البورصات الأخرى.

Web3 is fundamentally different from Web2 in terms of its architecture, infrastructure, and values. Web2 is centralized and dominated by a small number of large corporations that control the flow of data and the user experience. Web3, on the other hand, is decentralized and built on open-source protocols that allow for greater transparency, security, and user control. Web3 also incorporates new economic models, such as cryptocurrency and tokens, that incentivize user participation and collaboration.

Binance has been a significant contributor to the development of Web3 through its support for blockchain projects and its creation of new tools and services that enable users to participate in decentralized networks. Some of Binance's contributions to Web3 include:

Launch of Binance Smart Chain: Binance created its own blockchain, Binance Smart Chain (BSC), which is compatible with the Ethereum Virtual Machine and allows for the creation of decentralized applications (dApps) and the issuance of new tokens.

Support for DeFi projects: Binance has been a major supporter of decentralized finance (DeFi) projects, which aim to create a more open and transparent financial system. Binance has provided funding, marketing, and technical support to many DeFi projects, helping to grow the ecosystem and bring new users into the space.

Launch of Binance Launchpool: Binance Launchpool is a platform that allows users to stake their tokens and earn rewards in new cryptocurrency projects. This helps to incentivize user participation and supports the growth of new projects in the Web3 ecosystem.

Creation of Binance NFT Marketplace: Binance launched its own non-fungible token (NFT) marketplace, which allows users to buy, sell, and trade unique digital assets. NFTs are a new type of asset that are built on blockchain technology and enable creators to monetize their digital content in new ways.

In summary, Binance has been a significant contributor to the development of Web3 through its support for blockchain projects and its creation of new tools and services that enable users to participate in decentralized networks. By fostering innovation and growth in the Web3 ecosystem, Binance is helping to build a more transparent, secure, and user-driven internet for the future.

#Web3 #Binance

تم تصميم ميزة المحفظة المباشرة في Binance لتبسيط عملية إرسال واستلام أموال العملة المشفرة لمستخدمي Binance. ومن خلال السماح للمستخدمين بتجاوز محفظة خارجية، يمكنهم تجنب الرسوم والوقت المرتبط بتحويل الأموال إلى محفظة وسيطة قبل إرسالها إلى طرف آخر.

لاستخدام ميزة المحفظة المباشرة، يحتاج المستخدمون إلى أن يكون لديهم حساب Binance ورصيد كافٍ من العملة المشفرة التي يريدون إرسالها أو استلامها. يمكنهم بعد ذلك تحديد خيار المحفظة المباشرة عند بدء التحويل وإدخال عنوان محفظة المستلم.

Binance has been actively involved in the rollups innovation by supporting projects that develop and implement rollup solutions.

Binance also offers a platform for users to trade cryptocurrencies that utilize these solutions, which can help to increase their adoption and usage. Additionally, Binance has developed its own blockchain, Binance Smart Chain, which includes support for rollup technology and can provide a scalable and efficient ecosystem for decentralized applications.

Optimistic rollups vs. ZK rollups

Rollups are a way to help blockchains handle lots of transactions without getting too slow or expensive. There are two kinds of rollups: optimistic and zero-knowledge. Optimistic ones are faster, but sometimes have mistakes that need to be fixed. Zero-knowledge ones are slower but more secure. Both kinds of rollups help make using blockchains easier and faster for everyone. As more people use blockchains, rollups will become even more important. Binance is working hard to improve its blockchain technology, including using rollups, to make it the best it can be.

#Binance #ZeroKnowledge #Optimistic #rollups #L2

BEP2 وBEP20 هما نوعان من الرموز المميزة الموجودة على Binance blockchain.

ومع ذلك، هناك بعض الاختلافات الرئيسية بينهما. تعتمد رموز BEP2 على سلسلة Binance الأقدم وتستخدم للمعاملات الأصغر برسوم أقل. لديهم عرض ثابت ولا يمكن تقسيمه أكثر. من ناحية أخرى، تعتمد رموز BEP20 على سلسلة Binance الذكية الأحدث وتستخدم للمعاملات الأكبر برسوم أعلى. لديهم إمدادات أكبر ويمكن تقسيمها إلى كميات أصغر. تدعم رموز BEP20 أيضًا إمكانات العقود الذكية، وهو ما لا تدعمه رموز BEP2. بشكل عام، يعتمد الاختيار بين BEP2 وBEP20 على الاحتياجات المحددة للمستخدم أو المشروع.

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Binance Smart Chain (BSC) هي عبارة عن blockchain تم تطويرها بواسطة Binance، وهي واحدة من أكبر بورصات العملات المشفرة في العالم. تم تصميمه للعمل بالتوازي مع Binance Chain، وهو عبارة عن blockchain منفصل تم تحسينه للتداول السريع والآمن. تم بناء BSC على آلية إجماع إثبات السلطة (PoSA)، والتي تجمع بين خوارزميات إجماع إثبات السلطة (PoA) وتفويض إثبات الحصة (DPoS). تدعم BSC العقود الذكية وهي متوافقة تمامًا مع جهاز Ethereum الظاهري (EVM)، مما يعني أن التطبيقات اللامركزية المستندة إلى Ethereum يمكن أن تنتقل بسهولة إلى BSC. وهذا جعل BSC بديلاً جذابًا لـ Ethereum للمطورين والمستخدمين، حيث أنه يوفر أوقات معالجة سريعة للمعاملات ورسوم معاملات منخفضة. تمتلك Binance Smart Chain أيضًا عملة مشفرة أصلية خاصة بها، Binance Coin (BNB)، والتي تُستخدم لدفع رسوم المعاملات على الشبكة ويتم تداولها أيضًا في العديد من بورصات العملات المشفرة.