According to PANews, Matter Labs CEO Alex Gluchowski has announced that Ethereum's Layer2 blockchain Linea has decided to halt block production following a hacker attack on Velocore. This incident highlights the need for Layer2 companies to prioritize decentralization as early as possible. Gluchowski stated, 'Decentralized sorters are not an option. Every entity committed to the L2 stack must strive to implement this first.'

Linea's product manager, Declan Fox, agreed with this sentiment, emphasizing that decentralization is necessary. He stressed that the network is 'solidly' moving towards decentralization, and the required time window is much shorter than many competitors. Fox wrote, 'Considering that many rollup frameworks that appeared two years earlier than us have not progressed further than us, I am quite satisfied with our progress.'

Previously, Linea explained in an X post that on June 2, after a hacker exploited the Velocore based on Linea, more than $2.6 million in ETH was transferred out of Linea. Linea subsequently resumed block production, but the team decided to stop the zkEVM blockchain.

Layer 1 blockchain Vanar (VANRY) announced its intention to launch its mainnet program today. According to the post on social media platform X, in the upcoming weeks, Vanar Core Validator will be joined by a prominent technology company, major cryptocurrency exchanges will integrate with the Vanar mainnet, node operators will contribute to powering the network, and Vanar will introduce its Innovative Prize Pools. 

Vanar is a Layer 1 blockchain solution tailored for widespread adoption in the mass market. It incorporates several fundamental pillars in its design, prioritizing speed and scalability essential for large-scale brands. These pillars encompass fast transactions, low costs, an application ecosystem enabling a one-stop shop for mainstream brands, and scalability, among other features.

Vanar’s architecture aligns with the Ethereum infrastructure. By leveraging the established and secure Ethereum codebase, the blockchain implements customized modifications to achieve its core objectives effectively.

Central to Vanar’s architecture is the GETH implementation, which forms the core of its execution layer. This foundation is enhanced by a hybrid consensus mechanism known as Proof-of-Authority (PoA), governed by Proof-of-Reputation (PoR). This mechanism facilitates the inclusion of new node validators through an inclusive validator election process. The synergy between these elements fosters a resilient and high-performance ecosystem capable of supporting a wide array of applications.

Recently, Vanar unveiled several accomplishments achieved over the past three months. These milestones include processing over 30 million transactions, witnessing the registration of over 6 million wallet addresses actively engaging in the ecosystem, and garnering the participation of over 50 corporate adopters, including renowned brands like Google, Nvidia, and Revolut, among others. According to the project, the mainnet is expected to expedite this progression further.

Vanar's Mainnet Program Launches Today.What to expect in the coming weeks:✦ One of the worlds biggest tech companies joins as a Vanar Core Validator✦ Major Web2 Companies driving institutional adoption✦ Top Crypto Exchanges integrating with Mainnet✦ Massive Node… pic.twitter.com/b75M02erg5

— Vanar (@Vanarchain) June 3, 2024

Vanar Unveils Fifth Phase Of Its Testnet, Records Over 1.2M Transactions Within First Ten Days

Vanar launched the fifth phase of its testnet, Vanguard, in March. This phase was crafted to provide users with a developer’s viewpoint on blockchain functionalities, facilitating the deployment of meme tokens or non-fungible token (NFT) contracts.

Moreover, Vanguard unveiled a variety of features aimed at enhancing seamless interactions within the blockchain ecosystem, tailored specifically to meet the requirements of the entertainment sector. This encompasses advanced modules for crafting engaging customer experiences and nurturing a fresh era of player-owned assets, dynamic digital economies, and immersive engagements. Within just ten days of its launch, the Vanguard testnet recorded over 1.2 million transactions, 500,000 wallets, and 6,500 new contracts.

The post Vanar Gears Up To Launch Its Mainnet Program Today, Plans Integration With Crypto Exchanges And Introduction Of Prize Pools In Coming Weeks appeared first on Metaverse Post.

The post Top Altcoin Investment Strategy To Turn Turn $1,000 into $10,000 in 2024 appeared first on Coinpedia Fintech News

Amid the renewed bull cycle, the crypto market is full of potential, as modest investments might bring substantial returns. Bitcoin has been leading this revival, exceeding its 2021 peak, making it possible for further growth. With BTC’s continued growth, the broader market is likely to follow, which will present a wide range of opportunities to investors. However, retail investors might face challenges in identifying the most profitable altcoins within the bullish environment.

Altcoin Investment Strategy

Altcoin Daily’s prominent analyst has revealed his strategy of investing $1,000 in the current crypto market to simplify the process. The host highlighted that entering the market was not too late and suggested a diversified approach. 

Firstly, he recommended issuing $500, or 50% of the investment, to Bitcoin. This approach results from recent institutional involvement, specifically via spot exchange-traded funds (ETFs), which has made BTC reach new highs. Also, Bitcoin’s fixed supply cap and the considerable holdings by ETF issuers confirm its potential as a stable investment.

Focus on Layer-One and Infrastructure Projects

Secondly, the Altcoin Daily host has advised investors to direct 20% of their investment towards layer-one (L1) blockchain and infrastructure projects, mentioning Ethereum (ETH) and Solana (SOL).

These projects have a history of being the base of an ever-changing financial ecosystem, mainly in decentralized finance (DeFi). In addition, leading figures such as Brian Kelly have spoken about the critical role of ETH and SOL, which would hugely impact the future financial systems. Moreover, L1 blockchain being the point of focus is similar to investing in the basic protocols of the internet while they are still budding, as they give a golden opportunity to capitalize on the core structure of the cryptocurrency market.

Diversification into AI, Gaming, and Memes

The remaining 30% of the investment is further diversified. The host suggests allocating 10% of this to AI-based crypto projects as the intersection between AI and blockchain technology is increasing daily. He highlighted some profitable projects like Bittensor (TAO) and Render (RNDR) that have innovative contributions.

Another 10% is set aside for the gaming sector. In this, Immutable (IMX) proves to be the best choice because of its infrastructure solutions that focus on gaming applications. 

Finally, the last 10% is to be split between meme coins and tokens linked to the tokenization of real-world assets, considering both their speculative appeal and their practical applications.

A Prudent Investment Framework

This strategic framework offers investors a balanced approach to investing in cryptocurrencies. It amalgamates the stability of established assets like Bitcoin with the profitable potential of innovative sectors like AI and gaming. According to the host, the aim of diversifying investment across multiple crypto assets is to maximize returns and reduce risks. Hence, this method guides all retail investors who wish to explore the bullish cycle, considering the significance of a versatile portfolio.

Also, check out: Best Low-cap Altcoins For 2X – 5X Profits This Month!

The Alchemy Pay team announced via X on Friday that it has partnered with Galxe and its newly launched Gravity Chain, the new Layer-1 blockchain designed to connect the Web3 Universe.

In 2024, Lisk has taken significant strides in the blockchain industry, marking a series of groundbreaking developments that have reshaped its trajectory. Starting with a strategic pivot at the end of the previous year, Lisk transitioned from a Layer 1 (L1) blockchain to a Layer 2 (L2), joining the Optimism Superchain. This unprecedented move made Lisk the first-ever L1 to successfully transition to L2, setting a new precedent within the blockchain community and catching the attention of industry watchers and participants alike.

Building on this momentum, Lisk launched its Testnet in February, followed by the Developer Mainnet in May, enabling developers to deploy applications with real financial mechanics on the Lisk L2. This development is crucial as it allows for the creation of applications that generate revenue from their inception, featuring real transactions and economic mechanics.

In addition to these technological advances, Lisk has migrated its native LSK token to an ERC20 standard, enhancing interoperability within the Ethereum ecosystem. This migration not only broadens the scope for integration and growth but also aligns with broader industry standards, facilitating easier exchange and interaction with other blockchain entities.

Simultaneously, Lisk has redefined its governance structure by introducing a Decentralized Autonomous Organization (DAO). This new setup empowers LSK token holders with voting rights through token staking, enabling them to participate in critical decision-making processes. The DAO supports two types of proposals: funding proposals that allocate funds from the DAO’s treasury and general proposals that influence the project’s direction and protocol parameters. The treasury started with 45 million newly minted LSK tokens, with the potential for additional funding based on community decisions.

Further exemplifying its commitment to fostering innovation, Lisk hosted its largest hackathon to date, attracting over 510 participants. The hackathon featured collaboration with major industry players such as Optimism, Gelato, Ledger, dAppRadar, Coinbase, and Amazon, underscoring Lisk’s growing influence and connectivity within the blockchain space.

Moreover, Lisk has strategically focused on Real World Assets (RWA), positioning itself as a key gateway to the Optimism Superchain in emerging markets. This focus is designed to harness the transformative power of blockchain technology in regions where it can have the most substantial impact, particularly in emerging economies.

Lisk’s efforts and strategic realignments have garnered substantial industry support, reflected in partnerships with several top blockchain entities and support from all major cryptocurrency exchanges like Binance, Kraken, and KuCoin, among others. Partners committed to deploying within the Lisk ecosystem include Rarible, Velodrome, Across Protocol, Secret Network, Oku Trade, and Obligate, highlighting a diverse and robust backing that spans various facets of the blockchain industry.

As 2024 progresses, Lisk’s initiatives and developments indicate a strong, forward-moving trajectory in the blockchain revolution, proving that the platform is not merely keeping pace but setting it.

Searching for a crypto investment with potentially massive returns? In the vast sea of cryptocurrencies, Optimism, Dogecoin, and BlockDAG shine brightly, each with unique attractions. Optimism is celebrated for its tech advancements, Dogecoin for its community-driven ethos, and BlockDAG for its revolutionary dashboard that could potentially deliver a 30,000x ROI. Let’s dive into what makes each of these cryptos a contender for your next big investment.

Optimism: Pioneering Efficiency on Layer 1

Optimism has been making waves with its significant progress. This week alone, the OP token rose by 15%, reflecting its strong momentum. The network’s activity has surged, with a 23% increase in active addresses and a 39% rise in transaction volume. Currently trading at $2.583, the OP token is on the brink of possibly exceeding the $2.80 threshold, with experts predicting a bullish future.

The network’s efficiency in handling high transaction volumes has led to a 32% boost in Total Value Locked (TVL), underscoring growing investor trust and its bright prospects. For those looking to invest in burgeoning layer 1 technologies, Optimism offers a compelling opportunity.

Dogecoin: From Meme to Mainstream

Despite its meme coin origins, Dogecoin has secured a solid position in the crypto market, thanks to its enthusiastic community and acceptance as a payment method. Its market dynamics offer a mix of risks and rewards, attracting both speculators and dedicated supporters. Dogecoin’s main draw is its influential community and celebrity endorsements, which, while boosting its profile, also create reliance on external factors for value sustenance. Its straightforward and user-friendly nature continues to attract a broad audience, although its future as a long-term investment remains tied to market sentiments.

BlockDAG: Revolutionizing Crypto Investment

BlockDAG has quickly risen to prominence in the cryptocurrency market, propelled by an unprecedented presale that has captivated investors. Central to its allure is the innovative, newly overhauled dashboard that introduces a gamified Leaderboard Page, transforming how investors interact with the platform. This fresh feature enhances the investment journey by inciting a spirit of competition and community among its users.

Investors climb the ranks from “Crab” to “Whale” based on their BDAG coin holdings, engendering a dynamic competitive environment. This ranking system, alongside the potential for a staggering 30,000x return on investment and the exclusivity of BDAG’s limited coin supply, has sparked a wave of investor enthusiasm. 

To date, BlockDAG’s presale momentum has amassed $39 million, with the current coin price reaching $0.0095 in batch 16—an impressive 850% leap from its initial pricing, highlighting its appeal as a potentially profitable investment.

BlockDAG distinguishes itself in the crypto space with its engaging and competitive investment model, attracting a broad and active community of investors. This approach not only enhances the investing experience but also firmly establishes BlockDAG as a formidable player among layer 1 blockchain initiatives, ideal for investors eager to capitalize on innovative market opportunities.

In A Nutshell

When weighing up Optimism, Dogecoin, and BlockDAG, each offer distinct advantages. Optimism appeals with its robust tech and promising growth metrics; Dogecoin attracts with its vibrant community and cultural impact; but BlockDAG sets itself apart with its unique investment experience and the potential for unprecedented returns.

For investors aiming for high stakes in the crypto space, BlockDAG’s innovative approach to gamifying investment, alongside its significant presale achievements, positions it as a top choice in the layer 1 blockchain category. As you consider your next significant crypto investment, BlockDAG’s current trajectory and prospects make it a prime candidate for substantial returns.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The post Who Will Lead the Next Crypto Revolution? Optimism, Dogecoin, or BlockDAG? appeared first on Crypto News Land.

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