In the latest crypto market developments, BlockDAG aligns perfectly with market demands, especially as Retik Finance struggles with a price drop, shaking investor confidence in its future. While Retik Finance’s price prediction sees a dramatic 57.03% fall, BlockDAG showcases a promising trajectory with $38.4 million garnered in presale and an additional $3 million from selling 6,743 miners. BlockDAG’s innovative DAG-based Proof of Work consensus optimizes transaction security and mining efficiency.

BlockDAG’s Blockchain Technology Triggers Investment Momentum

BlockDAG Network (BDAG) is revolutionizing the Layer 1 blockchain space with its innovative Proof of Work consensus, emphasizing speed, security, and decentralization. Its pioneering DAG structure addresses the vulnerabilities of traditional blockchain models prone to 51% attacks by eliminating orphan blocks, enhancing throughput, and enabling scalability by processing multiple blocks simultaneously. Currently capable of processing ten blocks per second with ambitions to exceed 100, BlockDAG optimizes mining efficiency, allowing miners with strong hash rates to mine a single block consistently. This hybrid consensus approach enhances transaction security and efficiency and solves the decentralization challenge by bolstering security and reducing dependence on large mining pools.

On the financial front, BlockDAG has rapidly established itself as a key player in the cryptocurrency market, raising an impressive $38.4 million from its presale. This success was bolstered by an additional $3 million in revenue from selling 6,743 miners, reflecting strong demand and trust in the network’s capabilities. The presale effectively distributed a remarkable 10.3 billion coins, with the price steadily rising—the 16th batch was priced at $0.0095 each, and the 17th batch is projected to increase to $0.011. This positive trajectory highlights BlockDAG’s appeal as a promising investment with its 30,000x ROI potential.

Retik Finance Price Prediction Loses Credibility

Recent market data reveals a dramatic and worrying decline for Retik Finance, casting severe doubts on its ambitious price predictions. Despite forecasts claiming Retik Finance could soar by 2024, the reality tells a starkly different story. The token has suffered a severe 57.03% plummet in price, dropping from $0.6986 to just $0.3403, accompanied by a sharp 39.67% decrease in trading volume.

After initially peaking at $3 following its launch, Retik Finance’s value has drastically fallen, highlighting severe volatility and instability in its market performance. This inconsistency and the financial erosion in its trajectory are prompting investors to seek more reliable alternatives. BlockDAG, known for its stability and transparency, is becoming a favoured choice among those disillusioned by the Retik Finance price prediction and searching for secure investment havens.

BlockDAG Tokenomics & Allocation Strategy

BlockDAG Coin (BDAG) is designed with a robust ecosystem in mind. It features a maximum supply of 150 billion coins to maintain scarcity and value. The network implements a halving event every 12 months to control inflation and support stable growth. Of the total supply, 50 billion coins (33%) are allocated for presale to enable early backers to invest at favourable rates and help amplify BlockDAG’s market presence.

A significant portion, 98.5 billion coins (66%), is dedicated to community engagement and network security. This includes 78.8 billion coins for miners to ensure platform integrity, 14.8 billion coins for community-building initiatives like educational programs and engagement events, and 4.9 billion coins for a liquidity pool to reduce price volatility and support smooth trading.

Additionally, 1.5 billion coins (1%) are reserved for the BlockDAG team to align their interests with the project’s long-term goals and promote transparency and fairness. This strategic allocation underscores BlockDAG’s commitment to creating a sustainable and stable environment for users and investors.

The contrast between BlockDAG’s strategic success and Retik Finance’s price predictions, which dropped from a high of $3 to just $0.3403, highlights BlockDAG’s role as a stabilizing force in the volatile cryptocurrency market. BlockDAG promises and delivers, with a total allocation of 150 billion coins designed to ensure long-term value retention and market stability. This approach backs BlockDAG’s plan and vision, making it a favoured destination for investors seeking a secure and transparent platform amidst ongoing market fluctuations.

Final Thoughts

BlockDAG’s impressive $38.4 million presale, driven by strategic planning and innovative technology, contrasts sharply with Retik Finance’s struggles. As Retik falters, BlockDAG stands out as a beacon of stability and growth in the crypto market, attracting investors worldwide and showcasing its 30,000x ROI growth, scalability and innovation potential.

Invest in the BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Polkadot’s price target, backed by technical solid indicators and bullish sentiment, has captured the attention of investors and analysts. Meanwhile, Monero has shown limited performance, with only modest gains this year.

Conversely, BlockDAG has garnered worldwide attention with its innovative marketing strategies. Showcased at three iconic venues—from Tokyo to Las Vegas and London—these impressive events have driven BlockDAG’s presale to an amazing $38.5 million in a short span, positioning BlockDAG as a leading layer 1 blockchain cryptocurrency. Furthermore, BlockDAG is all set to launch the X1 mining app’s beta version in the next 48 hours, adding excitement among the crypto community!

Polkadot Faces Uncertain Future

Polkadot (DOT) has caught the eye of investors and analysts with its recent upward momentum. Market analysts, including Crypto Yapper, predict a Polkadot (DOT) price target of $10, supported by strong technical indicators and bullish sentiment.

DOT broke out of a consolidation pattern and retested previous resistance levels, now acting as support. Despite this promising technical setup, concerns loom about a bullish continuation. Trading above the 200-day SMA usually signifies a sustained uptrend, but any failure to maintain these levels could undermine the bullish outlook, potentially leading to a price decline.

Monero News Shows Limited Gains Amid Declining Market

Data from CoinMarketCap shows that Monero (XMR) is trading at approximately $150, with a 2.77% increase from the previous day. This minor rise is occurring in a generally declining market.

Despite avoiding significant losses seen by other cryptocurrencies, Monero’s growth this year has been modest, and it remains 5.11% lower than at the start of 2024. As the global cryptocurrency market dropped by 0.23% in the last day, Monero’s slight uptick suggests a period of relative decoupling. This Monero news underscores its limited gains.

BlockDAG’s Global Dominance & X1 Beta App Launch Countdown!

BlockDAG is generating significant buzz with its innovative promotional efforts. It started with its first viral keynote video showcased on Tokyo’s Shibuya Crossing billboards, elevating BlockDAG’s presale. This move spotlighted BlockDAG’s integration into DeFi exchanges like Bitget and CoinEx and its ASIC mining devices, emphasizing user-friendly mining for mobile and home users.

The global tour continued, as BlockDAG made it to the Las Vegas Sphere, celebrating its DAGpaper release. Most recently, BlockDAG dazzled at the Piccadilly Circus in London to celebrate its CoinMarketCap listing, boosting investor confidence and generating substantial hype around its $100 million liquidity plan.

Now BlockDAG is all set to launch the beta version of its X1 Miner app in the next 48 hours on the Play Store and App Store, available on both Android and Apple platforms. The X1 Miner app transforms smartphones into efficient BDAG coin-mining devices using an energy-saving algorithm that preserves battery life and data.

It features an intuitive interface, a referral system to boost mining rates, and daily engagement incentives. With upcoming modules such as Wallet, Send/Receive, Leaderboard, and Community Section, users can start mining up to 20 BDAG per day, equivalent to $1 at launch.

Final Say

While Polkadot’s price target draws investor and analyst attention, and Monero shows limited performance with modest gains this year, BlockDAG stands out. Its innovative marketing efforts at iconic locations in Tokyo, Las Vegas, and London have driven its presale to $38.5 million in just four months. With the X1 mining app’s beta version launching in 48 hours, BlockDAG is positioned as a top layer 1 blockchain cryptocurrency.

Join BlockDAG Now!

Website – Presale – Telegram – Discord

Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post BlockDAG’s Global Expansion Drives $38.5M Presale, Overshadowing Polkadot Price Target and Monero News appeared first on CaptainAltcoin.

The post Top Cryptos That Will Explode Right After Spot Ethereum ETFs Launch appeared first on Coinpedia Fintech News

Some cryptocurrencies are poised for quick gains as Ethereum ETFs become available for trading. Investors are eagerly watching the market, anticipating which coins will benefit the most. The bull run of 2024 sets the stage for major price movements. This analysis will explore which cryptos may experience significant growth and why they could be key picks for the coming months.

BlastUP Presale: A Harbour of Stability in the Unpredictable Crypto Market

Crypto presales offer some stability, shielding investors from the usual ups and downs of the market by locking in token prices early. This predictability is a major draw for investors looking to step into presale opportunities like BlastUP.

BlastUP is the pioneering launchpad on the Blast platform, which is the only Layer 2 solution providing native yields for ETH and stablecoins. In just a few short weeks, the platform has attracted over $7 million, showcasing its appeal among discerning investors.

With only a few days left in the presale, this is the final opportunity to invest in a promising asset at an introductory price.

Purchase BlastUP Tokens Now for the Best Value!!

Investors purchasing BlastUP tokens now will not only secure their tokens at an optimal price but also gain exclusive access to an airdrop, which includes free tokens. Additionally, they can earn extra rewards through staking.

BlastUP is dedicated to nurturing a strong community within the Blast ecosystem, promoting mutual growth and success. With bold plans to integrate AI and Web3 tools, BlastUP is setting the stage for a rewarding and secure environment that facilitates smooth DApp launches.

As BlastUP continues to grow, it’s quickly establishing itself as a central figure in the Blast ecosystem, characterized by a community-first approach and relentless innovation. With expansive plans stretching into 2026, it’s becoming the preferred platform for crypto startups.

Ethereum Price on an Uptrend: What’s Next for ETH?

Ethereum (ETH) is currently trading between $3264.54 and $4168.16, showing a notable uptrend in recent months. Over the past week, ETH increased by 2.12%. For the last month, it saw an 18.71% rise, and over six months, it gained 82.83%. The RSI of 60.60 and a Stochastic value of 90.50 suggest the price is in an impulsive move. With these gains, ETH might push through the resistance level at $4510.27.

Solana (SOL) Price Analysis and Forecast

Solana (SOL) is currently priced between $153.32 and $181.13. Over the past week, SOL has decreased by 3.48%, but has surged 24.03% in the last month and 185.75% over the past six months. It hovers slightly above its 10-day and 100-day moving averages, indicating a strong recent performance. The price is likely in an impulsive move given the significant gains over months. Resistance is around $198.87 with support at $143.23.

Avalanche (AVAX) Price Overview and Prediction

The current price for Avalanche (AVAX) is between $34.00 and $40.64. Over the past week, the price dropped by 7.70%, but it rose by 4.63% over the past month and soared by 68.74% in the last six months. The RSI is at 55.76, indicating neutral momentum, while the Stochastic at 93.03 shows potential overbought conditions. With current trends, AVAX is in a corrective phase. The nearest support is at $31.25, and the nearest resistance is $44.52.

Polkadot (DOT) Price Overview and Prediction

Polkadot (DOT) is currently priced between $7.02 and $7.93. It faces resistance at $8.30 and support at $6.48. Over the last week, the price dropped by 4.83%, but it has increased by 7.90% in the past month and 29.80% over six months. The coin is in a corrective phase with mixed signals from technical indicators. The 10-day Simple Moving Average is $7.07, and the 100-day SMA is $7.37. The RSI stands at 45.77, indicating neutral momentum. The sentiment is cautiously optimistic as long as it stays above $6.48.

Conclusion

ETH, SOL, AVAX, and DOT show promise but may offer less short-term potential. BlastUP stands out with the highest potential. Its strong concept and connection to the Blast ecosystem make it a compelling choice. As the market continues to grow, this project could lead the pack.

Coinspeaker Massive $875M in Token Unlocks Set to Shake Up Market in June

The cryptocurrency market is gearing up for a series of significant token unlock events set to occur in June. According to data from Token Unlocks, locked tokens amounting to about $875m will hit the market after the expiration of vesting periods for several top blockchain projects.

Token unlocks happen when previously restricted or vested tokens are released for trading. Vesting mechanisms are designed to keep token holders, particularly early investors, committed and aligned with the project’s long-term success, thereby supporting its overall sustainability and growth.

Notable Token Unlock Details

On June 1, a considerable number of tokens from Sui, dYdX, 1inch, and Ethena will be unlocked, adding fresh liquidity to their circulating supplies. Sui, the high-performance Layer-1 blockchain, will unlock 65.08 million SUI tokens, valued at approximately $66 million.

On the same day, 33.33 million DYDX tokens will enter the market, accounting for 11.91% of the total circulation and valued at approximately $69.67 million. 1Inch, renowned for its DEX aggregator protocol, will unlock 98.7 million tokens while Ethena, the synthetic currency protocol independent of traditional banking, is set to unlock 53.6 million tokens.

Later in the month, other notable blockchain projects like Aptos, Arbitrum, and Starknet will follow suit. On June 12, Aptos will unlock 11.31 million tokens, constituting 2.59% of its  total circulation, and valued at nearly $102.92 million. A huge portion of this upcoming unlock is allocated to the Aptos Foundation.

After Arbitrum’s March unlock that released $2.23 billion worth of ARB into circulation, the Ethereum Layer 2 is once again slated to unlock 92.65 million tokens, valued at $105 million, on June 16. The previous unlock caused the price of ARB to plummet more than 50% between March and May, but investors are confident the upcoming unlock won’t dilute the price to that extent.

Starknet, another Ethereum Layer 2, will also unlock 64 million tokens on June 15. This accounts for 5.61% of Starknet’s total circulation and is valued at an estimated $80 million. These tokens will primarily go to early contributors and investors.

Potential Impact on the Market

Token unlock events can present opportunities for investors, but they also come with risks. With large quantities of tokens entering circulation, there may be short-term fluctuations in prices as supply and demand dynamics for these tokens change. The negative sentiment surrounding token unlocks is likely to influence holders to reduce their positions on the tokens in question.

Aside from the tokens in question, the overall cryptocurrency market is likely to experience the effects of the large token unlocks. Short-term effects will depend on whether token holders choose to take up new positions in other tokens or convert their holdings into stablecoins awaiting market stabilization. Investors should be mindful of such possibilities arising from token unlocks.

next

Massive $875M in Token Unlocks Set to Shake Up Market in June

According to Odaily, the Layer 1 blockchain network, Radix, has announced an expansion of its 'Radix Ecosystem Fund' to 250 million XRD, surpassing $10 million. This move aims to further support and incentivize founders to build dApps. The expansion of the fund comes after the launch of a 25 million XRD ecosystem fund earlier this year.

In addition to the fund expansion, Radix has also announced the initiation of the Radix Foundry program. This program is dedicated to incubating and accelerating dApp projects in high-potential areas such as lending currency markets, RWA, yield derivatives, NFT trading, Launchpad, and stablecoins.

Transak and Cometh have joined forces to pioneer the first-ever direct fiat-to-Layer 3 blockchain onboarding solution, a speedy offering in the market. 

This partnership lets users and players purchase crypto directly on Cometh via a credit card. The integration quickens the process for Cometh’s game Cosmik Battle players to buy Ethereum (ETH) and participate in the NFT marketplace on Muster without intermediaries. 

In the past, a user would have to navigate many loopholes to pay or upload currency to Cometh’s Arbitrum Orbit, Muster. This partnership eliminates the need for intermediary crypto tokens and complex bridging processes, making the gaming experience and customer transactions much simpler and more efficient, according to a Cometh press release.  

In the game Cosmik Battle, developed by Cometh and deployed on Muster, players can purchase crypto with a credit card. This enables them to acquire cards from other players within the game’s marketplace.

The Transak and Cometh partnership simplifies buying crypto with fiat by eliminating intermediaries. This collaboration aims to tackle the issue encountered by dApp developers and Layer 3 blockchains by offering a direct protocol-level interaction method.

How it works 

Users must have a Muster wallet for purchases, but here is the 3-step process outlined in the press release. 

Users can buy ETH on Muster L3 directly within Cosmik Battle using Transak One.

Transak sends the ETH to the user’s smart wallet on Muster through Cometh’s Arbitrum One smart contract.

The transaction completes in under two minutes, giving users quick access to their funds for marketplace activities on Muster.

To interact with the NFT marketplace, users previously had to buy cryptocurrency on a Layer 2 solution and bridge it to Muster’s chain. This complicated process deterred many users from participating. 

About Transak and Cometh

Transak is a leading Web3 payments infrastructure provider, serving millions of users across 160 countries and powering 350+ platforms for digital asset transactions.

Cometh is a leading blockchain company offering a Web3 development platform for embedding Web3 capabilities into games and apps. Their products include SDKs for a biometric wallet, marketplace, NFT checkout, and web3-enabled games like Cosmik Battle.

While the Toncoin (TON) price sees a 3% drop, the UNI price prediction unveils a bullish momentum. On the other hand, BlockDAG (BDAG), a leading Layer 1 blockchain, brings a historical gold rush for its investors as it has witnessed an incredible price surge of 850% since the presale’s launch. BlockDAG’s 30,000x return on investment predictions, the new powerful dashboard upgrades and an ambitious roadmap are emerging as the forces behind BlockDAG’s meteoric rise. 

Toncoin (TON) Price: Bearish Pressure Persists

Toncoin swims in a sea of challenges due to a recent 3% price drop. Although the current Toncoin (TON) price stands at $6.31, the crypto remains under bearish trends, combating intense selling pressure. TON’s Relative Strength Index (RSI) and Money Flow Index (MFI) further complicated matters, with both metrics experiencing sharp declines. If Toncoin’s bearish pressure persists, the token may drop below $6, which could push it further down at support levels of $5.9 and $5.3. 

UNI Price Prediction Reveals Bullish Momentum

Uniswap recently surpassed its $10 resistance level, with UNI price prediction hinting at a rise above $11.75. The crypto’s upward progression shows patterns similar to those of Bitcoin and Ethereum, especially after UNI built a base above $8.80. The crypto recently surged past $10.50 and $11.20, securing a bullish momentum in the coming months. The next immediate resistance points for UNI are at $11.50 and $11.75. The token currently trades above $11, while maintaining a stable 100-hour simple moving average. 

BlockDAG’s Dashboard + Roadmap = 30,000x ROI Forecast

The surge of 850% in value has led crypto-titans to crown BlockDAG as the best crypto investment of 2024. The platform has raised over $37 million by selling over 10.2 billion BDAG coins during the ongoing presale. BlockDAG is currently making waves in batch 16 of its presale, with one BDAG valued at $0.0095. Analysts are predicting a surge to $1 in 2024 and 30,000x returns. 

How did BlockDAG secure these breathtaking victories? The answer lies in the platform’s powerful updated dashboard and an ambitious roadmap. Once a user enters this dashboard, the Hot News section acquaints them with the latest trending news in the market so they can make informed decisions every step of the way. The dashboard’s leaderboard page induces healthy competition among BDAG investors by “gamifying” their crypto investing experience. Each investor gets a rank based on the amount of BDAG coins they purchase. Because BlockDAG has potential of high ROI capabilities in the market today, users inevitably climb higher in the ranks through massive investments. 

BlockDAG is known to take the “overwhelming” out of crypto investing to ensure users effortlessly make purchases, track investments, and manage miners all in one place, through an intuitive wallet section. Aside from a killer dashboard, BlockDAG further enhances user confidence through an ambitious growth roadmap. 

BlockDAG’s roadmap promises exponential growth through three key phases: Blockchain Development, the BlockDAG Explorer, and the X1 Miner Beta Application. The roadmap unfolds with the creation of a P2P engine that facilitates solid node communication. Then comes the advanced block & DAG algorithm for top-notch speed, scalability, and decentralization. After a series of revolutionary upgrades, the roadmap finally concludes with the Mainnet Launch, marking the ultimate leap from testing to live applications.

Final Words

While TON struggles with bearish sentiments, the UNI price prediction hints at a modest rise for Uniswap. Meanwhile, armed with a user-friendly dashboard and an aggressive growth roadmap, BlockDAG has, so far, secured an 850% price surge for its community. The price of one BDAG coin has already climbed from $0.001 to $0.0095. This impressive trajectory has led experts to believe the BDAG price will reach $1 in 2024 and 30,000x returns post launch. 

Invest in the BlockDAG Presale Now:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

BlockDAG returns to the spotlight with its latest Development (Dev) Release. Dev Release 38 sets the bar higher in blockchain technology, presenting major improvements in consensus mechanisms tailored for its DAG-based system. This update focuses on enhancing transaction ordering and block validation, boosting both security and efficiency.

BlockDAG’s strategic Dev Releases captivate the crypto community, offering comprehensive updates that build investor trust. Consequently, BlockDAG has witnessed a significant surge in presale activity, raising over $37 million and proving its increasing appeal. These updates emphasize BlockDAG’s innovative strategy, fueling the project’s success and investor interest.

BlockDAG Innovation: Coin Price Rises by 850%

BlockDAG is pioneering new standards in blockchain technology with its innovative methods and strategic advancements. Using a Proof of Work consensus, the BlockDAG Network (BDAG) stands out as a top Layer 1 blockchain. Its unique Directed Acyclic Graph (DAG) structure allows exceptional speed, security, and decentralization by processing multiple blocks simultaneously.

The recent Dev Release 38 underlines these technical improvements, providing crypto enthusiasts and potential investors with detailed updates, thereby enhancing its transparency and appeal.

BlockDAG’s strategic marketing has significantly raised its visibility and interest within the crypto community. Its prominent displays on global screens, such as Piccadilly Circus in London and the Sphere in Las Vegas during the DAGpaper release celebration, have grabbed the public’s and crypto analysts’ attention.

These high-profile events have sparked curiosity among investors, leading them to explore the project further. The steady stream of Dev Releases has kept these investors informed and engaged, building trust and confidence in BlockDAG’s potential.

The growing interest and confidence in BlockDAG have led to a remarkable spike in its presale. More than 10.2 billion coins have been sold, generating over $37 million. The launch of Batch 16, with a coin price of $0.0095, marks an 850% increase from the initial price.

This demonstrates the project’s success and the strong demand for BlockDAG. This surge in presale is a testament to the project’s strategic initiatives and its ability to deliver innovative blockchain solutions. Additionally, BDAG has collected $2.9 million from crypto miner sales, selling over 6,600 miners.

BlockDAG Dev 38 Unveils Next-Gen Blockchain

BlockDAG’s 38th Dev Release showcases substantial progress in developing and implementing consensus mechanisms tailored for its DAG-based blockchain system. This release has concentrated on refining the algorithms necessary for ensuring secure, efficient, and scalable transaction confirmation. This involves optimizing the unique structure of a DAG to manage transaction ordering and block validation effectively.

The newly developed pseudocode for transaction ordering highlights BlockDAG’s commitment to technical precision and innovation. This code allows for transactions to be sorted and validated efficiently within the DAG, using a systematic approach to append and sort transactions by their timestamps.

Additionally, the release enhances the method of calculating block weight, which is crucial for determining the heaviest path and thus resolving conflicts and strengthening the network’s security.

Moreover, the Dev Release includes advanced protocols for block confirmation based on the cumulative weight of their subgraphs. This method ensures that blocks are confirmed only when the cumulative weight meets a predefined threshold, enhancing the blockchain’s integrity and reliability.

Complementing these backend enhancements, Phase 2 of the X1 Miner application has begun, focusing on improving the user experience with significant updates. This phase includes critical bug fixes and optimizations to boost stability, performance, and security. The application has successfully passed Google Play’s rigorous approval process and is in the final stages of review on the Apple App Store.

Key Takeaways

BlockDAG’s Dev Release 38 has made significant advancements in blockchain technology, particularly in refining transaction ordering and block validation. These improvements have enhanced the security and efficiency of its DAG-based system. The strategic updates have gained wide acceptance among crypto investors, driving substantial interest and confidence in the project.

BlockDAG’s impressive presale performance reflects this growing investor enthusiasm, raising over $37 million. BlockDAG’s innovative approach and continuous development are key factors in its rising success within the cryptocurrency market.

Join BlockDAG Presale Now:

Website | Presale | Telegram | Discord |

Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post BlockDAG Dev Release 38: Sets New Blockchain Standards, Secures Over $37M in Presale with Improved Security and Efficiency appeared first on CaptainAltcoin.

The announcement of the current improvement was revealed in a post on X by Shibarium.

It also fits in with the larger plan to make the ecosystem more efficient and easier to utilize.

Shibarium has significantly lowered the bridge time between Shiba Inu’s Layer 2 blockchain and Ethereum, improving user experience and operational efficiency. The seven-day bridge period in the past sometimes disrupted otherwise smooth operations. But by cutting that time to less than an hour, Shibarium accomplished something really remarkable.

Shibarium has reduced the time it takes to bridge Ethereum to a remarkable 45 minutes. An important step forward for the SHIB community has been achieved with this update. It also fits in with the larger plan to make the ecosystem more efficient and easier to utilize.

Boosting Efficiency and User Experience

The announcement of the current improvement was revealed in a post on X by Shibarium. According to the statement, the first seven-day delay was put in place with the intention of stabilizing token values by encouraging longer stays on Layer 2, which would keep the network in balance. But the team behind Shibarium has rethought this system to meet the needs of a more unpredictable market, where faster transactions and more agility are in high demand.

After the change, withdrawals are much faster since the process takes use of a checkpoint system designed for BONE token departures. Since this improvement affects Shibarium users, it has far-reaching consequences. Because of the drastically decreased bridge time, holders may now control their assets at lightning speed.

Instead of waiting a week, they can now react instantly to changes in the market and take advantage of new possibilities as they arise. This speed boost is more than just a technical gain; it also greatly enhances the Shiba Inu ecosystem’s user experience. Those working on time-sensitive financial strategies and applications are its target audience.

Highlighted Crypto News Today:

Is PEPE the Most Profitable Meme Coin in the Crypto Market?

Ethereum’s much-debated “rollup-centric road map” was the right call, but comes with its own set of pitfalls, according to the blockchain’s co-founder, Vitalik Buterin.

Ethereum has ambitions of serving as a “world computer” — the rails on which a new set of leaderless, user-owned businesses and organisations will run.

But the blockchain is slow and expensive.

In their quest to build a blockchain that can serve billions of users reliably and affordably , Ethereum’s team of developers decided the blockchain should expand through many complementary blockchains rather than through improvements to Ethereum itself.

Doubling down on these complementary blockchain s— called layer 2s or rollups, in crypto-speak — was the right call, Buterin argued in his influential blog last week.

“This is powerful, and enables a lot of creativity and independent innovation,” he wrote.

The rollup model has created a diverse community that is still united by a shared set of values, he said.

“Layer 2s allow subcultures to emerge that are armed with substantial resources, and a feedback loop that forces them to learn and adapt in order to be effective in the real world,” Buterin wrote.

“In general, every Ethereum layer 2 has a unique ‘soul’: some combination of Ethereum’s culture, together with its own particular twist.”

But this happy status quo shouldn’t be taken for granted, he said.

Coordination is difficult, with little incentive for competing layer 2 blockchains to collaborate, according to Buterin.

Danger of “monoculture”

Layer 2 blockchains and their communities could “start acting like separate universes, with little cross-pollination between them,” he wrote.

Alternatively, some layer 2 blockchains might come to dominate, snuffing out Ethereum’s pluralistic ethos for a “monoculture.”

“Whether due to shared human biases or shared economic incentives (or too strong of a unified Ethereum culture), everyone ends up looking in similar places for what applications to build and perhaps even what technical choices to make,” he wrote.

Buterin suggested layer 2 blockchains coordinate by subsidising the development of shared infrastructure

“There is a lot of value in trying to expand on these ideas, and keep working to make the best of Ethereum’s unique advantage as a pluralistic ecosystem.”

Layer 2s booming

Layer 2 blockchains have boomed in recent years.

According to crypto research site L2BEAT, almost 100 layer 2s are active or in development.

Existing layer 2 blockchains have processed almost twice as many transactions as Ethereum itself over the past year, according to data collected by Jack Gorman, a data scientist at venture capital firm Variant Fund.

Aleks Gilbert is a DeFi Correspondent at DL News. Got a tip? Email him at aleks@dlnews.com.