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Cardano (ADA) : A Scientific and Ecological Crypto
Cardano stands out for its academic approach and its Proof-of-Stake (PoS) protocol, offering a more ecological alternative to Bitcoin and Ethereum. It aims to create a secure and scalable blockchain ecosystem, particularly suited for smart contracts.
🔹 Advantages: Eco-friendly, secure, scientific approach
🔹 Disadvantages: Slower development than its competitors
#Cardano #ADA #Crypto #Blockchain #PoS
Cardano stands out for its academic approach and its Proof-of-Stake (PoS) protocol, offering a more ecological alternative to Bitcoin and Ethereum. It aims to create a secure and scalable blockchain ecosystem, particularly suited for smart contracts.
🔹 Advantages: Eco-friendly, secure, scientific approach
🔹 Disadvantages: Slower development than its competitors
#Cardano #ADA #Crypto #Blockchain #PoS
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🥊National power versus decentralization: Can countries challenge the Bitcoin network by independently developing RPoW networks?
Recently, someone on the X platform discussed a very interesting topic, that is, will countries develop their own PoW networks to fight against Bitcoin? In short, will countries develop their own RPoW (reusable proof of work) technology to compete with the Bitcoin network.
This discussion was initiated by Rabbit Hole Investor, and the questioner Jason Lowery is an aerospace engineer, a major in the US Space Force, and a Bitcoin supporter.
Lowery believes that there will be a dominant RPoW network in the future, just like the global universal protocol TCP/IP. Because as the RPoW network grows larger, its security will also increase, and everyone will naturally tend to join the largest one. He even mentioned "mutually guaranteed protection": that is, even hostile countries will choose to be "both enemies and friends" on the same network because the cost of attack is too high.
Lowery firmly believes that Bitcoin is already the "de facto standard" for global PoW. He also believes that if Bitcoin becomes a global unit of account, its purchasing power will increase as productivity increases, but the need for income will become less important because holding "Bitcoin itself is income." At the same time, he also warned that in the future, governments may confiscate custodial Bitcoins through administrative orders, so self-custody is important.
In addition, as to whether the country will have its own PoW network, Lowery believes that PoS is more suitable. Because PoS (proof of stake) is a more direct and practical way to achieve centralized control of digital asset networks without relying on a lot of computing and energy consumption like PoW (proof of work). In contrast, PoS is simpler and more efficient than PoW.
In summary, Lowery's view is that game theory pressures drive individuals and nation-states to consolidate around a single, most secure PoW network. At the same time, Bitcoin's huge size and deep position make it difficult to be surpassed, and those countries that seek alternative protocols to control will eventually find it difficult to compete with the Bitcoin network that has been widely accepted by the market.
💬 Do you think Bitcoin's PoW network is already invincible?Leave your opinions and views in the comments section!
#比特币 #PoW #RPoW #区块链 #PoS
Recently, someone on the X platform discussed a very interesting topic, that is, will countries develop their own PoW networks to fight against Bitcoin? In short, will countries develop their own RPoW (reusable proof of work) technology to compete with the Bitcoin network.
This discussion was initiated by Rabbit Hole Investor, and the questioner Jason Lowery is an aerospace engineer, a major in the US Space Force, and a Bitcoin supporter.
Lowery believes that there will be a dominant RPoW network in the future, just like the global universal protocol TCP/IP. Because as the RPoW network grows larger, its security will also increase, and everyone will naturally tend to join the largest one. He even mentioned "mutually guaranteed protection": that is, even hostile countries will choose to be "both enemies and friends" on the same network because the cost of attack is too high.
Lowery firmly believes that Bitcoin is already the "de facto standard" for global PoW. He also believes that if Bitcoin becomes a global unit of account, its purchasing power will increase as productivity increases, but the need for income will become less important because holding "Bitcoin itself is income." At the same time, he also warned that in the future, governments may confiscate custodial Bitcoins through administrative orders, so self-custody is important.
In addition, as to whether the country will have its own PoW network, Lowery believes that PoS is more suitable. Because PoS (proof of stake) is a more direct and practical way to achieve centralized control of digital asset networks without relying on a lot of computing and energy consumption like PoW (proof of work). In contrast, PoS is simpler and more efficient than PoW.
In summary, Lowery's view is that game theory pressures drive individuals and nation-states to consolidate around a single, most secure PoW network. At the same time, Bitcoin's huge size and deep position make it difficult to be surpassed, and those countries that seek alternative protocols to control will eventually find it difficult to compete with the Bitcoin network that has been widely accepted by the market.
💬 Do you think Bitcoin's PoW network is already invincible?Leave your opinions and views in the comments section!
#比特币 #PoW #RPoW #区块链 #PoS
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What is a network fee in cryptocurrency?
Have you ever wondered why sending cryptocurrency sometimes costs more than expected? Network fees can fluctuate sharply, making transactions more expensive during peak times. Understanding these fees is crucial for effectively navigating the crypto space and avoiding unnecessary expenses.
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What is a Blockchain Validator?
To ensure the functioning of the blockchain, a verification process is necessary. This is the work of validators—those responsible for maintaining the integrity and security of Proof-of-Stake networks. In this article, we will take a closer look at the specifics of validators' work in different networks and explain how to choose a validator or become one yourself.$BTC
#Blockchain technology rests on several core principles:
Decentralization: This is arguably the most crucial principle. Instead of relying on a central authority (like a bank or government) to manage and verify transactions, a blockchain distributes this responsibility across a vast network of computers (nodes).
Immutability: Once a transaction is recorded on the blockchain and added to a "block," it's virtually impossible to alter or delete it. Each block is cryptographically linked to the previous one, creating a chain of blocks. Changing one block would require altering all subsequent blocks, which is computationally infeasible due to the network's size and cryptographic security.
Transparency (with Pseudonymity): All transactions are recorded on the public ledger, making the blockchain transparent.
Security through Cryptography: Cryptographic techniques secure the blockchain in several ways:
Hashing: Each block is assigned a unique cryptographic hash – a digital fingerprint. Any change to the block's data alters its hash, instantly revealing tampering attempts.
Digital Signatures: These ensure the authenticity of transactions.
Consensus Mechanisms: These are algorithms that ensure agreement among nodes on the valid state of the blockchain. Popular consensus mechanisms include Proof-of-Work (#POW ) and Proof-of-Stake (#Pos $BTC ).
Distributed Ledger: The blockchain is a shared, distributed ledger replicated across numerous nodes. This redundancy ensures data availability and prevents a single point of failure. If one node fails, the others continue to maintain the blockchain's integrity.
In short #blockchain combines these principles to create a secure, transparent, and decentralized system for recording and verifying transactions, suitable for managing various types of data beyond just cryptocurrencies. It's important to remember that different blockchain implementations may emphasize certain principles more than others.
Decentralization: This is arguably the most crucial principle. Instead of relying on a central authority (like a bank or government) to manage and verify transactions, a blockchain distributes this responsibility across a vast network of computers (nodes).
Immutability: Once a transaction is recorded on the blockchain and added to a "block," it's virtually impossible to alter or delete it. Each block is cryptographically linked to the previous one, creating a chain of blocks. Changing one block would require altering all subsequent blocks, which is computationally infeasible due to the network's size and cryptographic security.
Transparency (with Pseudonymity): All transactions are recorded on the public ledger, making the blockchain transparent.
Security through Cryptography: Cryptographic techniques secure the blockchain in several ways:
Hashing: Each block is assigned a unique cryptographic hash – a digital fingerprint. Any change to the block's data alters its hash, instantly revealing tampering attempts.
Digital Signatures: These ensure the authenticity of transactions.
Consensus Mechanisms: These are algorithms that ensure agreement among nodes on the valid state of the blockchain. Popular consensus mechanisms include Proof-of-Work (#POW ) and Proof-of-Stake (#Pos $BTC ).
Distributed Ledger: The blockchain is a shared, distributed ledger replicated across numerous nodes. This redundancy ensures data availability and prevents a single point of failure. If one node fails, the others continue to maintain the blockchain's integrity.
In short #blockchain combines these principles to create a secure, transparent, and decentralized system for recording and verifying transactions, suitable for managing various types of data beyond just cryptocurrencies. It's important to remember that different blockchain implementations may emphasize certain principles more than others.
My Assets Distribution
BTC
ETH
Others
55.24%
19.19%
25.57%
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[One web3 concept every day] Quickly understand POS
The flaw of POW is that everyone consumes a lot of energy, so it has been criticized by many people. If you want to achieve universal trust (a coined word, universal trust), there are also some other algorithms that can achieve it. One of them is POS.
POS (Proof of Stake), also called proof of equity. What are rights and interests? It is the assets owned by users in the blockchain system. So what is proof of stake? It is easy to understand by taking an example from "Fengshen". Nodes pledge their rights and interests to the chain as "protons" and become "verifiers". When a block is to be produced, the system will randomly select a verifier to package the transaction. If this verifier is a "traitor" and has malicious behavior , then the system will confiscate his "protons" as punishment.
Although the mechanism is different from that of POW, the principles are the same. They all assume that there are traitors in the blockchain system, and that traitors will pay huge costs for doing evil. POW chooses to let participants answer questions, which requires a lot of computing resources and is extremely costly to control the network. POS, on the other hand, chooses to let all participants take hostages. If the traitor does evil, then his hostages will be killed.
In many PoS systems, a participant's chance of becoming a validator is directly proportional to the "stake" he holds. This means that validators who stake more assets have a higher chance of being selected as the creator of the next block. At the same time, validators are rewarded for their verification work, perhaps in the form of newly issued currency or network transaction fees.
Finally, in some POS mechanisms, the rights and interests are not only tokens, but also the time of holding the currency, reputation, points, etc., which can be counted as rights and interests. Therefore, broadly speaking, POS does not necessarily require pledging tokens.
#pos #pow #MAV
The flaw of POW is that everyone consumes a lot of energy, so it has been criticized by many people. If you want to achieve universal trust (a coined word, universal trust), there are also some other algorithms that can achieve it. One of them is POS.
POS (Proof of Stake), also called proof of equity. What are rights and interests? It is the assets owned by users in the blockchain system. So what is proof of stake? It is easy to understand by taking an example from "Fengshen". Nodes pledge their rights and interests to the chain as "protons" and become "verifiers". When a block is to be produced, the system will randomly select a verifier to package the transaction. If this verifier is a "traitor" and has malicious behavior , then the system will confiscate his "protons" as punishment.
Although the mechanism is different from that of POW, the principles are the same. They all assume that there are traitors in the blockchain system, and that traitors will pay huge costs for doing evil. POW chooses to let participants answer questions, which requires a lot of computing resources and is extremely costly to control the network. POS, on the other hand, chooses to let all participants take hostages. If the traitor does evil, then his hostages will be killed.
In many PoS systems, a participant's chance of becoming a validator is directly proportional to the "stake" he holds. This means that validators who stake more assets have a higher chance of being selected as the creator of the next block. At the same time, validators are rewarded for their verification work, perhaps in the form of newly issued currency or network transaction fees.
Finally, in some POS mechanisms, the rights and interests are not only tokens, but also the time of holding the currency, reputation, points, etc., which can be counted as rights and interests. Therefore, broadly speaking, POS does not necessarily require pledging tokens.
#pos #pow #MAV
#vrcnetwork #miningapp #pos #MyFirstFeedPost Hello, Binance Square! spend financial freedom life join my team. $vrc #vrccoin
Vitalik Buterin admits Ethereum could've benefited from a simpler Proof of Stake (PoS) system implemented sooner.
He also regrets not including automatic logging from the start. While Ethereum enjoys mainstream success, Buterin believes it's misunderstood compared to Bitcoin's clear "digital gold" narrative.
#VitalikButerin #pos #ProofOfStake #Ethereum
He also regrets not including automatic logging from the start. While Ethereum enjoys mainstream success, Buterin believes it's misunderstood compared to Bitcoin's clear "digital gold" narrative.
#VitalikButerin #pos #ProofOfStake #Ethereum
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$ETH I made my profit realization piece by piece and made 100% profit in one week. I still have #icp coins on spot. But my profit is in my bank account and I have peace of mind. If there is another sudden drop, I will make a few thousand more profits, then I will wait for the altcoin rally and follow the support and resistance zones.
If #Fed makes negative or hawkish comments on March 20th, #btc will make another harsh correction. Or we can say that bitcoin has priced itself by 80% since those hawkish comments were predicted in advance. The remaining 20% pricing will take place around 22:00 on the night of March 20.
After this time, I think #pos coins will make ath, if the price drops when there is a halving in BTC,#btxwill drop even more to cover the costs, so they will start producing by staking coins such as#etheriumicp,#filecoin#avalanche with the company's POS system. In this case, I expect#etheriumto rise to $50,000. However, if companies choose to produce BTC with alternative energy sources, the current order will continue. big companies will continue to be the biggest whale.
It is not investment advice. YTD
If #Fed makes negative or hawkish comments on March 20th, #btc will make another harsh correction. Or we can say that bitcoin has priced itself by 80% since those hawkish comments were predicted in advance. The remaining 20% pricing will take place around 22:00 on the night of March 20.
After this time, I think #pos coins will make ath, if the price drops when there is a halving in BTC,#btxwill drop even more to cover the costs, so they will start producing by staking coins such as#etheriumicp,#filecoin#avalanche with the company's POS system. In this case, I expect#etheriumto rise to $50,000. However, if companies choose to produce BTC with alternative energy sources, the current order will continue. big companies will continue to be the biggest whale.
It is not investment advice. YTD
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🛫Similarly and with the same POS label, $BB is also a good product to hold the spot for a long time.
🤫 BB is different from the other children in POS. Because the list was just released despite the airdrop, it was collected instead of waiting to create a cycle and promote according to the general trend of the market.➡️ The project was confident with this trend this year and the peak was $XVG , which is also a product of the brand. POS is pushing very quickly because POW has almost been replaced and POS is extremely related to stalking (also a big trend this year).
👉 Collect 0.4-0.45, don't forget it because the current potential is even greater than $NOT and other average lottery numbers like W or ENA. Because this is a sideway and not really a push. Don't be too surprised that BB's pumps in just 1 hour can go up to 150-200% in the future.
____________
#holdspot #holdtrading #Ryasnosh #pos #EarnFreeCrypto2024
🤫 BB is different from the other children in POS. Because the list was just released despite the airdrop, it was collected instead of waiting to create a cycle and promote according to the general trend of the market.➡️ The project was confident with this trend this year and the peak was $XVG , which is also a product of the brand. POS is pushing very quickly because POW has almost been replaced and POS is extremely related to stalking (also a big trend this year).
👉 Collect 0.4-0.45, don't forget it because the current potential is even greater than $NOT and other average lottery numbers like W or ENA. Because this is a sideway and not really a push. Don't be too surprised that BB's pumps in just 1 hour can go up to 150-200% in the future.
____________
#holdspot #holdtrading #Ryasnosh #pos #EarnFreeCrypto2024
🔥 $DUSK just increased 4% and is about to bring the POS trend back to $ETH and $INJ is the best choice in a market with an unknown short-term trend like this 🔥
👉 Just returned to the solid support zone with wave vol from price 24.5.
👉 Although the sideway is from May 24 to May 30, the volume is still large and this shows that the ability to collect goods from the project is very large because usually in the sideway, they self-discharge and buy back more.
👉 It may be medium risk but the general short-term trend is still up until $btc reaches 68800.
_______________
#Ryasnosh #scalping #Long/Short #EarnFreeCrypto2024 #pos
👉 Just returned to the solid support zone with wave vol from price 24.5.
👉 Although the sideway is from May 24 to May 30, the volume is still large and this shows that the ability to collect goods from the project is very large because usually in the sideway, they self-discharge and buy back more.
👉 It may be medium risk but the general short-term trend is still up until $btc reaches 68800.
_______________
#Ryasnosh #scalping #Long/Short #EarnFreeCrypto2024 #pos
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BRC-20 is the inscribed track with the most potential and investment value, no one else #BRC2O
1. First impression:
Looking at many hot spots in the virtual currency industry, the first hot spot ecology to open has a leading position and can never be surpassed.
2. BTC Coin King Ecology:
Unable to shake its elegant aristocratic pedigree, many old people in the virtual currency industry who have struggled for many years have regained their feelings for Bitcoin.
3. #矿工 Benefits:
The huge amount of ordinals market transactions directly brings profits to Bitcoin miners. After the miners gain profits, they reinvest the gains into potential currencies in the ecosystem. When the currency price rises, it once again brings more traffic and increases transactions. At the same time, the amount of money allowed miners to make a lot of profits again, and the number of currency holding addresses increased again, which also increased the opportunities to get listed on major exchanges. A high-quality closed-loop ecosystem that is completely mutually beneficial and win-win. It is the only large source of ecological funds for the #POW currency, no one else.
4. #交易所 supports:
Major exchanges have affirmed their dominance and continued to support the potential currency in the exchange ecosystem $ORDI $1000SATS , once again driving the FOMO sentiment of the BRC-20 ecosystem.
5. Let’s complain about the #pos type inscription ecology. The non-existence of miners means that there are no sources of large funds. Except for the narrative of the first minter, there is no positive large incentive funds to enter the market. After riding on the popularity of BRC-20 for a while, it will eventually enter decline. . All chains will be unified, and all inscriptions, including some of the leaders of other tracks, will surrender to BRC-20 after the next coin is listed on the big post.
$BTCS $RATS…
1. First impression:
Looking at many hot spots in the virtual currency industry, the first hot spot ecology to open has a leading position and can never be surpassed.
2. BTC Coin King Ecology:
Unable to shake its elegant aristocratic pedigree, many old people in the virtual currency industry who have struggled for many years have regained their feelings for Bitcoin.
3. #矿工 Benefits:
The huge amount of ordinals market transactions directly brings profits to Bitcoin miners. After the miners gain profits, they reinvest the gains into potential currencies in the ecosystem. When the currency price rises, it once again brings more traffic and increases transactions. At the same time, the amount of money allowed miners to make a lot of profits again, and the number of currency holding addresses increased again, which also increased the opportunities to get listed on major exchanges. A high-quality closed-loop ecosystem that is completely mutually beneficial and win-win. It is the only large source of ecological funds for the #POW currency, no one else.
4. #交易所 supports:
Major exchanges have affirmed their dominance and continued to support the potential currency in the exchange ecosystem $ORDI $1000SATS , once again driving the FOMO sentiment of the BRC-20 ecosystem.
5. Let’s complain about the #pos type inscription ecology. The non-existence of miners means that there are no sources of large funds. Except for the narrative of the first minter, there is no positive large incentive funds to enter the market. After riding on the popularity of BRC-20 for a while, it will eventually enter decline. . All chains will be unified, and all inscriptions, including some of the leaders of other tracks, will surrender to BRC-20 after the next coin is listed on the big post.
$BTCS $RATS…
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Predicting the price of #Ethereum (ETH) in February 2025 is a challenge, as the cryptocurrency market is known for its volatility. However, we can analyze some factors and predictions to get an idea of what could happen.
Factors that could influence the price of Ethereum in February 2025.
* Ethereum network upgrades: Upgrades and improvements to the Ethereum network, such as the transition to proof of stake (#Pos ) and improvements in scalability, could have a positive impact on the price.
* Adoption of Ethereum: The adoption of Ethereum by companies, developers, and users in general could increase demand and, therefore, the price.
* Competition: Competition from other smart contract platforms and cryptocurrencies could affect the price of Ethereum.
* Regulation: Government regulation of cryptocurrencies in different countries could have a significant impact on the market and on the price of Ethereum.
* Market sentiment: The overall sentiment of the cryptocurrency market, including the optimism or pessimism of investors, can influence the price of Ethereum.
Price predictions for Ethereum for February 2025.
While there is no definitive answer, some analysts and price prediction platforms have offered their estimates:
* Some analysts suggest that Ethereum could reach $10,000 or more by mid-2025, driven by its fundamental role in sectors such as decentralized finance (#defi ) and smart contracts.
* Other predictions are more conservative, but still anticipate significant growth. For example, a technical analysis platform projects an average price of $7,549 for February 2025.
Factors that could influence the price of Ethereum in February 2025.
* Ethereum network upgrades: Upgrades and improvements to the Ethereum network, such as the transition to proof of stake (#Pos ) and improvements in scalability, could have a positive impact on the price.
* Adoption of Ethereum: The adoption of Ethereum by companies, developers, and users in general could increase demand and, therefore, the price.
* Competition: Competition from other smart contract platforms and cryptocurrencies could affect the price of Ethereum.
* Regulation: Government regulation of cryptocurrencies in different countries could have a significant impact on the market and on the price of Ethereum.
* Market sentiment: The overall sentiment of the cryptocurrency market, including the optimism or pessimism of investors, can influence the price of Ethereum.
Price predictions for Ethereum for February 2025.
While there is no definitive answer, some analysts and price prediction platforms have offered their estimates:
* Some analysts suggest that Ethereum could reach $10,000 or more by mid-2025, driven by its fundamental role in sectors such as decentralized finance (#defi ) and smart contracts.
* Other predictions are more conservative, but still anticipate significant growth. For example, a technical analysis platform projects an average price of $7,549 for February 2025.
📊 ETH supply hits a new milestone!
🔹 Ultrasound data shows that the current ETH supply has surpassed pre-PoS merger levels, now at 120,521,291 ETH, up from 120,521,140.92 ETH on September 15, 2022 📈.
🔹 Since Ethereum’s PoS transition, 1,947,607.01 ETH has been burned, while 1,947,757.18 ETH has been issued, resulting in a net increase of 150.17 ETH 🔥💰.
ETH supply dynamics may have long-term impacts on the market! 🔮
#Ethereum #Pos #ETHSupply #crypto
🔹 Ultrasound data shows that the current ETH supply has surpassed pre-PoS merger levels, now at 120,521,291 ETH, up from 120,521,140.92 ETH on September 15, 2022 📈.
🔹 Since Ethereum’s PoS transition, 1,947,607.01 ETH has been burned, while 1,947,757.18 ETH has been issued, resulting in a net increase of 150.17 ETH 🔥💰.
ETH supply dynamics may have long-term impacts on the market! 🔮
#Ethereum #Pos #ETHSupply #crypto
Cardano (ADA)
#Cardano ( #ADA ) is a blockchain platform and cryptocurrency that aims to be a "third-generation" blockchain.
Key Features:
* Proof-of-Stake (#Pos ) Consensus: Cardano utilizes a PoS consensus mechanism called Ouroboros, which is designed to be more energy-efficient and environmentally friendly than proof-of-work (#POW ) systems like #Bitcoin .
* Academic Focus: Cardano's development is heavily influenced by peer-reviewed research and academic principles, aiming for a more robust and sustainable foundation.
* Two-Layer Architecture: Cardano separates its functionality into two layers:
* Cardano Settlement Layer (CSL): Handles transactions and ensures security.
* Cardano Computing Layer (CCL): Enables the execution of smart contracts and decentralized applications (dApps).
* Scalability and Sustainability: Cardano aims to improve scalability and sustainability through ongoing research and development, including potential future upgrades to its architecture.
ADA (Cryptocurrency):
* Native Token: ADA is the native cryptocurrency of the Cardano blockchain.
* Utility: ADA is used for:
* Paying transaction fees within the Cardano network.
* Participating in network governance (staking).
* Accessing and using dApps built on the Cardano platform.
Potential Use Cases:
* Decentralized Finance (DeFi): Building decentralized exchanges, lending platforms, and other financial applications.
* Supply Chain Management: Tracking and verifying the authenticity and origin of goods.
* Identity Management: Creating secure and decentralized digital identities.
* Healthcare: Storing and sharing medical records securely and efficiently.
Important Considerations:
* Competition: Cardano faces competition from other blockchain platforms like Ethereum, Solana, and Polkadot.
* Development Progress: While Cardano has made significant progress, the full realization of its vision may take time.
* Volatility: As with any cryptocurrency, the price of ADA is subject to significant volatility.
Disclaimer: This information is for general knowledge and informational purposes only and does not constitute financial advice. Investing in cryptocurrencies carries significant risks, and you should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.
Where to Learn More:
* Official Cardano Website
* Cryptocurrency Exchanges: Platforms like , @Binance and other platforms offer ADA trading.
I hope this overview of Cardano is helpful!
Key Features:
* Proof-of-Stake (#Pos ) Consensus: Cardano utilizes a PoS consensus mechanism called Ouroboros, which is designed to be more energy-efficient and environmentally friendly than proof-of-work (#POW ) systems like #Bitcoin .
* Academic Focus: Cardano's development is heavily influenced by peer-reviewed research and academic principles, aiming for a more robust and sustainable foundation.
* Two-Layer Architecture: Cardano separates its functionality into two layers:
* Cardano Settlement Layer (CSL): Handles transactions and ensures security.
* Cardano Computing Layer (CCL): Enables the execution of smart contracts and decentralized applications (dApps).
* Scalability and Sustainability: Cardano aims to improve scalability and sustainability through ongoing research and development, including potential future upgrades to its architecture.
ADA (Cryptocurrency):
* Native Token: ADA is the native cryptocurrency of the Cardano blockchain.
* Utility: ADA is used for:
* Paying transaction fees within the Cardano network.
* Participating in network governance (staking).
* Accessing and using dApps built on the Cardano platform.
Potential Use Cases:
* Decentralized Finance (DeFi): Building decentralized exchanges, lending platforms, and other financial applications.
* Supply Chain Management: Tracking and verifying the authenticity and origin of goods.
* Identity Management: Creating secure and decentralized digital identities.
* Healthcare: Storing and sharing medical records securely and efficiently.
Important Considerations:
* Competition: Cardano faces competition from other blockchain platforms like Ethereum, Solana, and Polkadot.
* Development Progress: While Cardano has made significant progress, the full realization of its vision may take time.
* Volatility: As with any cryptocurrency, the price of ADA is subject to significant volatility.
Disclaimer: This information is for general knowledge and informational purposes only and does not constitute financial advice. Investing in cryptocurrencies carries significant risks, and you should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.
Where to Learn More:
* Official Cardano Website
* Cryptocurrency Exchanges: Platforms like , @Binance and other platforms offer ADA trading.
I hope this overview of Cardano is helpful!
ETHEREUM 2.0: THE UPGRADE EXPLAINED!
A New Era for Ethereum!
Ethereum 2.0, also known as Serenity, is a major upgrade to the Ethereum network. This upgrade is designed to improve the scalability, security, and sustainability of the network, and it's been a long time coming!
So, what exactly is Ethereum 2.0?
Ethereum 2.0 is a multi-phase upgrade that will transition the Ethereum network from a Proof of Work (PoW) consensus algorithm to a Proof of Stake (PoS) consensus algorithm.
What are the benefits of Ethereum 2.0?
1. Improved Scalability: Ethereum 2.0 will enable faster transaction times and increased capacity, making it more suitable for large-scale applications.
2. Enhanced Security: The PoS consensus algorithm is more energy-efficient and less vulnerable to 51% attacks, ensuring a more secure network.
3. Increased Sustainability: Ethereum 2.0 will reduce the network's energy consumption by up to 99%, making it a more environmentally friendly option.
4. New Economic Model: Ethereum 2.0 will introduce a new economic model that incentivizes validators to participate in the network, ensuring a more decentralized and resilient ecosystem.
When can we expect Ethereum 2.0?
Ethereum 2.0 is being rolled out in phases, with the first phase, Beacon Chain, already launched. The next phase, Merge, is expected to happen later this year.
Stay tuned for more updates and analysis on Ethereum 2.0!
#Ethereum2 #Ethereum #Scalability #PoS #Blockchain
A New Era for Ethereum!
Ethereum 2.0, also known as Serenity, is a major upgrade to the Ethereum network. This upgrade is designed to improve the scalability, security, and sustainability of the network, and it's been a long time coming!
So, what exactly is Ethereum 2.0?
Ethereum 2.0 is a multi-phase upgrade that will transition the Ethereum network from a Proof of Work (PoW) consensus algorithm to a Proof of Stake (PoS) consensus algorithm.
What are the benefits of Ethereum 2.0?
1. Improved Scalability: Ethereum 2.0 will enable faster transaction times and increased capacity, making it more suitable for large-scale applications.
2. Enhanced Security: The PoS consensus algorithm is more energy-efficient and less vulnerable to 51% attacks, ensuring a more secure network.
3. Increased Sustainability: Ethereum 2.0 will reduce the network's energy consumption by up to 99%, making it a more environmentally friendly option.
4. New Economic Model: Ethereum 2.0 will introduce a new economic model that incentivizes validators to participate in the network, ensuring a more decentralized and resilient ecosystem.
When can we expect Ethereum 2.0?
Ethereum 2.0 is being rolled out in phases, with the first phase, Beacon Chain, already launched. The next phase, Merge, is expected to happen later this year.
Stay tuned for more updates and analysis on Ethereum 2.0!
#Ethereum2 #Ethereum #Scalability #PoS #Blockchain
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🔥 $DUSK just increased 4% and is about to bring the POS trend back to $ETH and $INJ is the best choice in a market with an unknown short-term trend like this 🔥
👉 Just returned to the solid support zone with wave vol from price 24.5.
👉 Although the sideway is from May 24 to May 30, the volume is still large and this shows that the ability to collect goods from the project is very large because usually in the sideway, they self-discharge and buy back more.
👉 It may be medium risk but the general short-term trend is still up until $btc reaches 68800.
_______________
#Ryasnosh #scalping #Long/Short #EarnFreeCrypto2024 #pos
👉 Just returned to the solid support zone with wave vol from price 24.5.
👉 Although the sideway is from May 24 to May 30, the volume is still large and this shows that the ability to collect goods from the project is very large because usually in the sideway, they self-discharge and buy back more.
👉 It may be medium risk but the general short-term trend is still up until $btc reaches 68800.
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#Ryasnosh #scalping #Long/Short #EarnFreeCrypto2024 #pos
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UTXO Stack will launch the first BTC ecosystem AppChain to serve the financial assets and applications of RGB++ Layer
UTXO Stack will launch the first BTC ecosystem AppChain, which mainly serves the financial business within the BTC ecosystem. The financial chain will carry assets and applications on the RGB++ Layer, including transactions, lending, stablecoins, IDOs and other dapps, to promote the accelerated arrival of BTCFi. The test chain will be open for testing in Q3.
The AppChain adopts the #UTXO model and the #PoS mechanism. Due to the inherent parallel processing capabilities of the UTXO model, it allows ultra-high transaction processing speeds and extremely low transaction fees. Users can use Bitcoin wallets such as JoyID, OKX Wallet and Gate Wallet to interact with the AppChain and use the RGB++ Layer without feeling. And use CKB smart contracts to pledge assets such as CKB, ccBTC and RGB++.
As the first AppChain based on the UTXO model, this financial chain will demonstrate to the community the advantages of the UTXO Model in scalability, security, transaction speed, and fees. We look forward to more community AppChains built on the UTXO Stack in the future, including social chains, game chains, etc., to further expand the functions and applications of the Bitcoin ecosystem.
UTXO Stack will launch the first BTC ecosystem AppChain, which mainly serves the financial business within the BTC ecosystem. The financial chain will carry assets and applications on the RGB++ Layer, including transactions, lending, stablecoins, IDOs and other dapps, to promote the accelerated arrival of BTCFi. The test chain will be open for testing in Q3.
The AppChain adopts the #UTXO model and the #PoS mechanism. Due to the inherent parallel processing capabilities of the UTXO model, it allows ultra-high transaction processing speeds and extremely low transaction fees. Users can use Bitcoin wallets such as JoyID, OKX Wallet and Gate Wallet to interact with the AppChain and use the RGB++ Layer without feeling. And use CKB smart contracts to pledge assets such as CKB, ccBTC and RGB++.
As the first AppChain based on the UTXO model, this financial chain will demonstrate to the community the advantages of the UTXO Model in scalability, security, transaction speed, and fees. We look forward to more community AppChains built on the UTXO Stack in the future, including social chains, game chains, etc., to further expand the functions and applications of the Bitcoin ecosystem.
$BOUNCE(BB) -@BounceBit
#Binance
#BRC20/Restaking Narrative
BounceBit is the world's first native $BTC restaking chain, ensuring security by staking both BTC and #BounceBit tokens.
The Proof-of-Stake (#PoS ) mechanism merges native $BTC security with complete EVM compatibility.
BounceBit introduces parallel yield generation from both #CeFi and #DeFi . Users can earn CeFi yield while #restaking BTC with LSD for on-chain farming.
This ecosystem provides three types of yield for Bitcoin holder's CeFi yield, node operation rewards, and opportunity yield from on-chain applications and the Bounce Launchpad.
#Binance
#BRC20/Restaking Narrative
BounceBit is the world's first native $BTC restaking chain, ensuring security by staking both BTC and #BounceBit tokens.
The Proof-of-Stake (#PoS ) mechanism merges native $BTC security with complete EVM compatibility.
BounceBit introduces parallel yield generation from both #CeFi and #DeFi . Users can earn CeFi yield while #restaking BTC with LSD for on-chain farming.
This ecosystem provides three types of yield for Bitcoin holder's CeFi yield, node operation rewards, and opportunity yield from on-chain applications and the Bounce Launchpad.
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