Ethereum's New Philosophy: Finding the Balance Between Decentralization and Convenience.
#Ethereum " data-hashtag="#Ethereum" class="tag">#Ethereum's New Philosophy : Finding a Balance between Decentralization and Convenience. Since its launch, #Ethereum " data-hashtag="#Ethereum" class="tag">#Ethereum has always been famous for its rapid evolution, ambitious goals, and almost unlimited possibilities. However, with the rise of Ethereum's popularity and the development of its ecosystem, complex issues have arisen that require solutions. Ethereum developers first sought to make the core of the platform as simple as possible, avoiding overloading the code with unnecessary functions. This approach contributed to security, but it became inconvenient for developers and ordinary users. In particular: • No one is in a hurry to implement smart accounts, because this task is placed on the shoulders of external developers, and not the main Ethereum team. This feature is not in the Ethereum base code, so its implementation requires additional efforts at the blockchain level.• Ethereum itself does not set limits for liquid staking protocols, which can affect the level of decentralization of the system.• Ethereum does not fight MEV bots that impose "invisible tax" on each transaction. All actions against these bots take place outside of Ethereum.• The zkEVM technology is not directly integrated into Ethereum, so developers of L2 networks based on this technology have to create code similar in functionality to validate blocks.Ethereum's new philosophy proposes to integrate some of these functions directly into the blockchain, maintaining security and at the same time making the platform more accessible and user-friendly. This means that smart accounts can become cheaper and safer, and the implementation of zkEVM will simplify the development of L2 networks. Another important part of the new philosophy is the creation of its own token for liquid staking ETH, which will help reduce the risk of the "51% attack" and make the network more resistant to potential attacks. Vytalyk Buterin emphasizes that this is a difficult compromise between introducing new functions into the protocol and maintaining decentralization. It is important to expect that this compromise will continue to evolve as user needs and available technology solutions are understood.#Ethereum " data-hashtag="#Ethereum" class="tag">#Ethereum #ETH
Arbitrum on the way to leadership: what you should know.
Arbitrum is currently the largest L2 network on the market. It has overtaken Base and Optimism in terms of daily users and ranks fourth among all decentralized application platforms, trailing only Ethereum, TRON and BSC. 🚀However, there is every reason to believe that Arbitrum will soon enter the top three. Here's why: * Arbitrum recently launched their own Orbit networking tool in their ecosystem. This enables developers to create their own separate chain structure that is hosted on one of Arbitrum's second-level blockchains.* Arbitrum is preparing a Stylus update that will allow the creation of applications written in popular programming languages such as Rust, C, and C++. This will attract new projects and developers to the Arbitrum network.* Ethereum is coming soon with the EIP-4844 update (Q4 2023), which will make L2 networks cheaper to use. And commissions are what can attract new users and developers.* The Arbitrum community is actively discussing the integration of ARB token staking at ~10% APY, which could increase interest in Arbitrum and the ARB token. However, this is not a very convincing idea. She was supported by only 66% of the community.* There is also a possibility that Arbitrum will hold additional ARB Token Drops (instead of staking) - which is one of the best tools to attract users and developers. In summary, the Arbitrum network is just starting to lead. There are chances that it will soon overtake BSC for TVL and enter the top three smart contract platforms. Anyone ready for this?#ARBITRUM #ARB #blockchain
The night was spent under the influence of the fake XRP-ETF from BlackRock. Someone skillfully made changes to an already existing request for the ISHARES ETF, causing a sensation in the media, orchestrating a short-lived but spectacular rise in Ripple. BlackRock quickly denied this, but the news quickly spread throughout the media, including a comment from Bloomberg analyst Eric Balchunas, who called the creator of the hoax a "fool."
It is worth realizing that anyone can falsify the news about the creation of the "XRP ETF" trust, and without the use of photoshop. This is a real public service, costing only 500 dollars. You only need to submit two documents, pay the fees, and you will receive a "placeholder" on the government website. Be careful #xrp #ripple
1. Freedom from control. Modern financial institutions such as banks control us by seeing what we spend our money on. They know all our preferences. They know what we love and what we are completely indifferent to. In the #Bitcoin network, we do not need a physical address, financial history or phone number to make transactions. Therefore, with the help of Bitcoin, ordinary people will once again be able to have privacy in their lives. Therefore, a world in which Bitcoin payments can be made will bring freedom to people. 2. A reliable remedy against inflation Inflation in the US has been 7-8% over the past 100 years. I'm not talking about some countries in Latin America where prices change three times a day. But even in the USA, the money supply is constantly increasing. If you were to hold US dollars for 100 years, they would lose 99% of their value. But, much more people lose their savings in countries with unstable economies. Therefore Bitcoin with its limit of 21000000 coins has significant advantages over any economy in the world. Someday the price of #Bitcoin may become equal to the wealth of the whole world. It has the potential to become a measure of value.3. Cheap transfers to any country in the world.Isn't it surprising that today people can communicate on the Internet and even through video communication, exchanging large volumes of information, but we can't transfer a small amount of money (for example, 5-10 USD) to another country through a bank? Because the funds for the transfer itself will be greater than the transfer itself. Moreover, banks need about 5 working days to complete this transfer. This is absurd! Therefore, Bitcoin technology can help people make fast and cheap transfers around the world. Therefore, thinking about topics such as: freedom from government control, inflation protection and money transfers. Bitcoin will be the best answer.#BTC #Bitcoin
Six months left before BTC halving Already in April-May of next year, miners' income for mined blocks will be halved: from 6.25 to 3.125 BTC for each block. This event will also affect the level of inflation: currently it is about 1.8%, and after the halving will decrease to about 0.9%. In the normal financial system, inflation depends on the decisions of regulators, and often this inflation leads to a gradual depreciation of money. In turn, in Bitcoin, the decrease in inflation is programmed at the protocol level and is unchanged, precisely because of this, its value over time is growing And the depreciation of the dollar increases the interest in the cryptocurrency even more.❓ Will the halving lead to an increase in the price of Bitcoin?• In 2012, after the first halving, a large bull market began, and the price of BTC increased from $13 to $1000 in a year.• The next halving took place already in 2016 , and one of the most famous bull markets began in 2017, when Bitcoin reached a record $20,000 for the first time. Many people invested in the cryptocurrency at that time.• The third halving happened in 2020, and it built the last bull market, which was partly caused by hyperinflation of the dollar. • The next halving should take place around the end of April or the beginning of May. Will this event lead to the next bull market? It seems logical that a reduction in inflation should raise the price of BTC. However, if you look at it from the perspective of the "Efficient Market Hypothesis", the halving may not have a direct effect on the price of BTC, because it is already factored into the current price. The halving is not some super news like ETF news or unexpected money printing. Everyone who is seriously interested in Bitcoin knows about this schedule, which was built into the protocol already at the initial stage in 2009. Therefore, the halving should not be taken as a "signal" for the growth of Bitcoin. There are many other factors affecting the price of BTC, including possible crises in the world. The bull market may have already started, and the halving can only contribute to its further development. However, final conclusions can be drawn only after 1-2 years.#BTC #Halving
"Chainlink at the Cutting Edge of Technology: Unlocking the Possibilities of Tokenization of Real Assets (RWA)"
Real World Assets (RWA), or real world assets, are tokenized assets operating on the blockchain. These include real estate, commodities, government bonds, and works of art. The RWA segment has experienced significant growth since the end of 2021, ranking 6th in terms of the volume of blocked funds (TVL) among all categories of DeFi protocols. Chainlink, as a monopoly project in the field of oracles, plays a key role in this trend. Oracles in the blockchain function as a bridge between the digital and real worlds. For example, Chainlink transmits a real-time financial market data stream for DeFi applications, including information about cryptocurrencies, stablecoins, commodities, indices, stocks, fiat currencies, etc. This is important for the RWA segment, because without reliable infrastructure and secure communication channels, financial institutions will not tokenize real assets on the blockchain. Chainlink is not limited to oracles. They recently launched the CCIP protocol, which connects private and public blockchains with banks and payment systems. In addition, Chainlink cooperates with the SWIFT interbank system and other organizations to develop CCIP-based products.With over 1,000 partners and customers in both crypto and traditional finance, Chainlink is 10-20 times ahead of its nearest oracle competitors such as Tellor, Band, UMA and API3.#LINK #Chainlink #blockchain