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🪙Bitcoin Cash ($BCH ) is a fork of the original bitcoin (#BTC ) created in 2017. One of the main reasons for the Bitcoin split was the need to increase the block size to increase network bandwidth and reduce #transaction fees. As a result, Bitcoin Cash blocks are 8MB in size, allowing more transactions to be processed at a time.
📈The stock has been moving for a long time between the global support level around $400 and the global resistance level around $700. We also tested the global resistance level around 520$, which is also bordering the area of increased volume and got a reaction many times. Also the asset moved very technically in the trading channels, from the borders of which we got constant reactions.
➡️In the nearest future I expect a retest of the global support level and subsequent breakdown of the upper boundary of the descending trading channel. The first short-term target for us will be $528, which is acting as a heavily liquid area
➡️In the medium term, I expect a breakdown of 2 global resistance levels and further growth up to $720. For this we also need to break imbalance on weekly TF.
➡️ If we consider this asset on the #Spots the ultimate goal for us will be to reach the target at 1200$, where there is a global resistance level. I would like to note that this asset has excellent fundamentals and tokenomics
#CryptoWatchMay2024 #BlackRock
📈The stock has been moving for a long time between the global support level around $400 and the global resistance level around $700. We also tested the global resistance level around 520$, which is also bordering the area of increased volume and got a reaction many times. Also the asset moved very technically in the trading channels, from the borders of which we got constant reactions.
➡️In the nearest future I expect a retest of the global support level and subsequent breakdown of the upper boundary of the descending trading channel. The first short-term target for us will be $528, which is acting as a heavily liquid area
➡️In the medium term, I expect a breakdown of 2 global resistance levels and further growth up to $720. For this we also need to break imbalance on weekly TF.
➡️ If we consider this asset on the #Spots the ultimate goal for us will be to reach the target at 1200$, where there is a global resistance level. I would like to note that this asset has excellent fundamentals and tokenomics
#CryptoWatchMay2024 #BlackRock
Bitcoin's average daily #transaction fees return to Ethereum levels as Runes excitement wanes
😵💫After the hype around the Runes protocol launch, Bitcoin's average daily transaction fees have aligned with Ethereum's. Post-launch, Bitcoin fees surged, hitting 🏔a record $25.8M on April 24, dwarfing Ethereum's fees by fivefold. However, fees have since dropped to $4.1M, matching Ethereum's average.
🤯 The frenzy also saw individual Bitcoin transaction fees peak at $40, 10x Ethereum's rate, settling at $8.60 recently.
💧Despite the drop, fees remain a significant part of Bitcoin's economy, especially post-halving, with fees contributing 13% to total block rewards.
🗿The Runes protocol, by Ordinals' Casey Rodarmor, drove this spike, netting over $135M in its debut week, showcasing its efficiency over traditional methods.
#altcoins #CryptoWatchMay2024 #BTC #buythedip
😵💫After the hype around the Runes protocol launch, Bitcoin's average daily transaction fees have aligned with Ethereum's. Post-launch, Bitcoin fees surged, hitting 🏔a record $25.8M on April 24, dwarfing Ethereum's fees by fivefold. However, fees have since dropped to $4.1M, matching Ethereum's average.
🤯 The frenzy also saw individual Bitcoin transaction fees peak at $40, 10x Ethereum's rate, settling at $8.60 recently.
💧Despite the drop, fees remain a significant part of Bitcoin's economy, especially post-halving, with fees contributing 13% to total block rewards.
🗿The Runes protocol, by Ordinals' Casey Rodarmor, drove this spike, netting over $135M in its debut week, showcasing its efficiency over traditional methods.
#altcoins #CryptoWatchMay2024 #BTC #buythedip
#BTC
Mysterious 3 Trillion Shiba Inu (SHIB) Transfer Raises Questions
Recent transfer of 3 trillion Shiba Inu (SHIB), reportedly involving Robinhood's wallets, has drawn attention and raised questions
A significant transfer of three trillion Shiba Inu tokens (SHIB) has recently emerged on the crypto market, prompting scrutiny and speculation regarding its implications. The transaction, valued at approximately $79.497 million, was revealed through a report from Whale Alert, a platform specializing in tracking large-scale cryptocurrency movements.
According to the report, the transfer occurred between undisclosed wallets, shrouding the identities of the parties involved in secrecy. However, amid the enigma, one entity has emerged from the shadows – Robinhood, the renowned American brokerage giant.
Etherscan data revealed that one of the recipient addresses belonged to Robinhood, hinting at the company's involvement in this cryptic transaction.
🚨 🚨 🚨 🚨 3,000,000,000,000 #SHIB (79,947,000 USD) transferred from unknown wallet to unknown wallethttps://t.co/V8B7aaSbae
— Whale Alert (@whale_alert) April 24, 2024
Despite the initial conjecture of the transfer involving unknown whales manipulating the SHIB market, further analysis by Arkham dispelled such notions. It elucidated that the transfer merely entailed an internal maneuver between two Robinhood wallets – from "0x73AF" to "0x2eFB."
The former, hosting a significant #SHİB stash of 4.13 trillion tokens, witnessed its holdings transferred to the latter, boosting its SHIB position to a commanding 6.179 trillion, valued at $167.87 million.
The motives behind Robinhood's substantial $SHIB transfer remain a subject of speculation within the #CryptocurrencyCommunity . The community is keen to understand the strategic implications of such movements within the platforms' ecosystem and their potential impact on broader market dynamics. This #transaction has also shed light on the broader crypto holdings of these wallets, estimated to be close to $1 billion.
#bitcoinhalving
Mysterious 3 Trillion Shiba Inu (SHIB) Transfer Raises Questions
Recent transfer of 3 trillion Shiba Inu (SHIB), reportedly involving Robinhood's wallets, has drawn attention and raised questions
A significant transfer of three trillion Shiba Inu tokens (SHIB) has recently emerged on the crypto market, prompting scrutiny and speculation regarding its implications. The transaction, valued at approximately $79.497 million, was revealed through a report from Whale Alert, a platform specializing in tracking large-scale cryptocurrency movements.
According to the report, the transfer occurred between undisclosed wallets, shrouding the identities of the parties involved in secrecy. However, amid the enigma, one entity has emerged from the shadows – Robinhood, the renowned American brokerage giant.
Etherscan data revealed that one of the recipient addresses belonged to Robinhood, hinting at the company's involvement in this cryptic transaction.
🚨 🚨 🚨 🚨 3,000,000,000,000 #SHIB (79,947,000 USD) transferred from unknown wallet to unknown wallethttps://t.co/V8B7aaSbae
— Whale Alert (@whale_alert) April 24, 2024
Despite the initial conjecture of the transfer involving unknown whales manipulating the SHIB market, further analysis by Arkham dispelled such notions. It elucidated that the transfer merely entailed an internal maneuver between two Robinhood wallets – from "0x73AF" to "0x2eFB."
The former, hosting a significant #SHİB stash of 4.13 trillion tokens, witnessed its holdings transferred to the latter, boosting its SHIB position to a commanding 6.179 trillion, valued at $167.87 million.
The motives behind Robinhood's substantial $SHIB transfer remain a subject of speculation within the #CryptocurrencyCommunity . The community is keen to understand the strategic implications of such movements within the platforms' ecosystem and their potential impact on broader market dynamics. This #transaction has also shed light on the broader crypto holdings of these wallets, estimated to be close to $1 billion.
#bitcoinhalving
📈 Cardano's #2024 begins with remarkable growth!
🚀 Smart contracts soar 67% in 22 days, reaching 24,050.
In the past week alone, #transaction volume exceeds $34.33B
#cardano #Ada
🚀 Smart contracts soar 67% in 22 days, reaching 24,050.
In the past week alone, #transaction volume exceeds $34.33B
#cardano #Ada
A Brief History of Bitcoin: From Whitepaper to Digital Gold
Introduction$BTC , the world's first and most renowned cryptocurrency, has captured the imagination of both the financial industry and tech enthusiasts since its inception. This article will take you on a journey through the history of $BTC , from its mysterious beginnings to its current status as a digital gold standard.The Birth of $BTC In October 2008, an individual or group using the pseudonym "Satoshi Nakamoto" released the Bitcoin whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System." This whitepaper outlined the core principles and technology behind Bitcoin, introducing a #decentralized , peer-to-peer digital currency that operated without the need for intermediaries like banks.Genesis BlockOn January 3, 2009, Satoshi Nakamoto mined the first Bitcoin block, known as the "genesis block." Embedded in this block was a message: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." This message is widely seen as a political statement, emphasizing Bitcoin's purpose as a decentralized alternative to traditional financial systems.Early Days and Enthusiastic AdoptersBitcoin initially gained traction among a small community of cypherpunks, libertarians, and tech-savvy individuals who were drawn to its potential to challenge the existing financial order. The #first Bitcoin #transaction took place on May 22, 2010, when a programmer named Laszlo Hanyecz famously paid 10,000 bitcoins for two pizzas, marking the first real-world purchase with the cryptocurrency.Mt. Gox and Early ExchangesAs Bitcoin's popularity grew, the need for exchanges became apparent. Mt. Gox, launched in 2010 by Jed McCaleb, became the first prominent Bitcoin exchange. However, it also became notorious for security breaches and ultimately filed for bankruptcy in 2014.The Rise in PopularityBy 2013, Bitcoin was attracting more mainstream attention. Its price surged from a few dollars to over $1,000, attracting speculators and investors. This meteoric rise was followed by a significant crash, highlighting Bitcoin's volatility.Regulatory ChallengesGovernments and regulators began to take notice of Bitcoin, leading to concerns about its potential use in illegal activities. Various countries implemented different regulatory approaches, which ranged from acceptance and regulation to outright bans.The Emergence of AltcoinsWhile Bitcoin remained the dominant cryptocurrency, many alternative cryptocurrencies, or altcoins, started to emerge, each with its unique features and use cases. These altcoins added diversity to the cryptocurrency ecosystem.Bitcoin's MaturationOver time, Bitcoin continued to evolve, with improvements like the Lightning Network, which aimed to enhance transaction speed and scalability. Major financial institutions, including Tesla and PayPal, began accepting Bitcoin as a form of payment.Institutional AdoptionOne of the most significant developments in Bitcoin's history was the growing institutional interest. Companies like MicroStrategy and Square invested substantial sums of money in Bitcoin, and major financial institutions, such as JPMorgan, started offering cryptocurrency services to their clients.Bitcoin as Digital GoldToday, Bitcoin is often referred to as "digital gold" due to its store of value characteristics and the belief that it can serve as a hedge against inflation and economic instability. Its market capitalization and influence have continued to grow, solidifying its place in the world of finance.ConclusionThe history of Bitcoin is a remarkable journey from an obscure whitepaper to a global financial phenomenon. While it has faced its fair share of challenges and controversies, Bitcoin's resilience and innovation have made it a significant part of the financial landscape. As we look to the future, the story of Bitcoin is far from over, and its impact on the world of finance is likely to continue evolving.#Smile48904
🚨Recent reports of a massive 25.6 billion $XRP transfer, valued at nearly $15 billion, were based on a misinterpretation of #transaction data.
This incident, initially alarming the #cryptofans community, turned out to be a failed exploit attempt involving the 'Partial Payments' feature of the XRP Ledger.
$XRP remains stable at $0.578.
This incident, initially alarming the #cryptofans community, turned out to be a failed exploit attempt involving the 'Partial Payments' feature of the XRP Ledger.
$XRP remains stable at $0.578.
🚀 Elon Musk Contemplates Bitcoin for Mars Colony
#Elon Musk initially dismissed but later considered the feasibility of using #Bitcoin as a currency on Mars. Despite concerns about Bitcoin's transaction settlement times, Musk speculated it might be workable due to the proximity of Mars to Earth.
He discussed the need for a localized #network on Mars and the potential use of Bitcoin's ⚡️Lightning Network to address #transaction speed issues.
🌖 #BitMEX recently launched physical bitcoin to the moon as part of the Peregrine-1 space mission.
#Elon Musk initially dismissed but later considered the feasibility of using #Bitcoin as a currency on Mars. Despite concerns about Bitcoin's transaction settlement times, Musk speculated it might be workable due to the proximity of Mars to Earth.
He discussed the need for a localized #network on Mars and the potential use of Bitcoin's ⚡️Lightning Network to address #transaction speed issues.
🌖 #BitMEX recently launched physical bitcoin to the moon as part of the Peregrine-1 space mission.
Shiba Inu Whales Pause for Breath as Gigantic 228 Trillion SHIB Hurdle Looms
#MANTA Bulls prepare to take on next big level for SHIB priceDisclaimer: 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. Shiba Inu whales are seemingly taking a breather as bulls prepare to take on the next big level for the #SHIB💥 price.According to #IntoTheBlock data, Shiba Inu's large transaction volume, which estimates the daily total amount transacted by whales, has seen a decline.Shiba Inu's large transaction volume dropped 64.92% in the last 24 hours to $62.58 million. This amounted to 7.09 trillion SHIB in crypto terms.Global In/Out of the Money, Courtesy: IntoTheBlockShiba Inu's large transaction volume saw a sharp decline from 20.2 trillion SHIB on Jan. 24 to 7.09 trillion SHIB on Jan. 25.A surge in large transaction volumes typically implies huge activity among whales, whether buying or selling. Meanwhile, a drop in this whale indicator might suggest a decrease in the activity of these large holders.The total #transaction volume recorded on-chain in the last 24 hours also saw a drop to 8.09 trillion SHIB.The seeming decline in whale transactions coincides with the SHIB price gearing up to take on a major price level.According to IntoTheBlock data, the next barrier from which SHIB presently trades is between the $0.000009 and $0.000013 levels, where 228.97 trillion $SHIB were bought by 322,220 addresses for an average price of $0.000011.At the time of writing, SHIB was up 2.31% in the last 24 hours to $0.000009.In a positive development for the Shiba Inu ecosystem, Lucie, a Shiba Inu team member, hints that #Shibarium is on the brink of taking a crucial step beyond automated burns. This will benefit TVL and provide a home for SHIB supporters, she explained.In other good news, Uphold has announced a positive development for Topper users in Canada. Shiba Inu and other altcoins have been relisted on Uphold's Topper.
Do you know how to check a #blockchain #transaction ?
If not then you can read something useful here:
how to use a blockchain explorer
If not then you can read something useful here:
how to use a blockchain explorer
💥 Exciting news! In just 15 days post-launch, our #BNB COLD WALLET has already crossed 5 million active users!
⚡️ Its lightning-fast growth and top-notch technology ensure instant #transaction processing and absolute security.
💸 Don't miss out. We are about to update many new features to maximize user profits!
👉 Open My Wallet: https://bnbcoldwallet_bot/app?startapp=R5228494002
#bitcoinhalving #BinanceLaunchpool #BTC
⚡️ Its lightning-fast growth and top-notch technology ensure instant #transaction processing and absolute security.
💸 Don't miss out. We are about to update many new features to maximize user profits!
👉 Open My Wallet: https://bnbcoldwallet_bot/app?startapp=R5228494002
#bitcoinhalving #BinanceLaunchpool #BTC
📢 Noteworthy #crypto Transactions: 🚨Sizeable $BTC and $MATIC Transfers to #Coinbase
#bitcoin (BTC) Transfer: A significant #transaction of 2,995 BTC, equivalent to $78,430,391 USD, has been initiated, with the funds transferred from an unidentified wallet to the popular #cryptocurrency exchange, Coinbase. You can verify this transaction using the following hash: 997d289b8567acf6f92d883d043ac8c6dc84b48e972a14184576d9ed2bf7b0dd
Polygon (MATIC) Transfer: In a separate transaction, a notable transfer of 11,776,251 MATIC tokens, valued at $6,002,057 USD, has taken place. These funds were moved from an unknown wallet to the Coinbase exchange. To verify the details of this transaction, refer to the following hash: 0x56eaa104df64acf68cd1a4f2adea91f8ede705425a4d2dc23ce611780f71414c.
These substantial transfers underscore the dynamic nature of the cryptocurrency market, with large sums of digital assets changing hands within the blockchain ecosystem.
🙏 Please FOLLOW & LIKE 🙏 It's Motivates me a LOT ❤️
#bitcoin (BTC) Transfer: A significant #transaction of 2,995 BTC, equivalent to $78,430,391 USD, has been initiated, with the funds transferred from an unidentified wallet to the popular #cryptocurrency exchange, Coinbase. You can verify this transaction using the following hash: 997d289b8567acf6f92d883d043ac8c6dc84b48e972a14184576d9ed2bf7b0dd
Polygon (MATIC) Transfer: In a separate transaction, a notable transfer of 11,776,251 MATIC tokens, valued at $6,002,057 USD, has taken place. These funds were moved from an unknown wallet to the Coinbase exchange. To verify the details of this transaction, refer to the following hash: 0x56eaa104df64acf68cd1a4f2adea91f8ede705425a4d2dc23ce611780f71414c.
These substantial transfers underscore the dynamic nature of the cryptocurrency market, with large sums of digital assets changing hands within the blockchain ecosystem.
🙏 Please FOLLOW & LIKE 🙏 It's Motivates me a LOT ❤️
Injective Protocol (INJ) Poised for a Surge; Monero (XMR) & Borroe Finance ($ROE) Demand Ris
#BONK As we’re cruising towards 2024, three names are making some serious waves in the crypto ocean: #Injective Protocol ($INJ ), Monero (XRM), and Borroe Finance ($ROE). If you’re on the hunt for the next big thing in crypto, these are the names you need to know. Let’s break down why these are the top cryptos to buy and the best crypto investments to get your portfolio buzzing. BUY $ROE TOKENSInjective Protocol (#INJ) ): The DeFi DynamoFirst off, we’ve got Injective Protocol. Think of INJ as the rebel of the DeFi world, changing the game with its unique layer-2 solutions and cross-chain capabilities. It’s decentralized, it’s innovative, and it’s user-friendly – everything you want in a top altcoin to buy. If you’re all about trading without borders, INJ is your ticket.Why Injective Protocol Rocks the BoatINJ is not just another DeFi project; it’s a trendsetter. It’s bringing something fresh to the table with its focus on interoperability and user experience. For those eyeing the future of DeFi and looking for altcoins to buy, INJ is a no-brainer.Monero (XMR): The Privacy ChampNext up in our crypto lineup is Monero. In a digital world where privacy is gold, XMR is the Fort Knox of crypto. Known for its iron-clad privacy features, Monero is the go-to for anyone who values #transaction anonymity. It’s a top crypto to buy if you’re into keeping your crypto business under wraps. Why Monero is Making HeadlinesMonero’s all about privacy and security. With the digital spotlight shining bright on transparency, XMR offers a much-needed sanctuary for privacy-focused users. If you’re scouting for top altcoins to buy that offer both security and anonymity, look no further than Monero.Borroe Finance ($ROE): The AI InnovatorAnd then, we have the new kid on the block, Borroe Finance. This AI-driven DeFi platform is making a splash with its ongoing presale, already hitting over $1.8 million and selling more than 174 million $ROE tokens. Borroe Finance isn’t just a new crypto; it’s a revolution in the making.Why Borroe Finance is the Talk of the TownBorroe Finance is where AI meets blockchain, and the result is nothing short of exciting. It’s not just another digital currency; it’s a fresh take on DeFi and NFTs. For those on the prowl for the best crypto investment, Borroe Finance offers a unique opportunity to jump on board a project that’s redefining digital finance.Borroe Finance Presale: Your Chance to Get in EarlyThe Borroe Finance presale is where it’s at right now. If you’re looking for promising altcoins to buy, this is your moment. With its innovative approach and impressive presale numbers, Borroe Finance is quickly becoming a top crypto to buy. It’s more than a presale; it’s a ticket to be part of something groundbreaking.Conclusion: The Crypto Trifecta for 2024Wrapping up, Injective Protocol, Monero, and Borroe Finance are the names you want to remember as we step into 2024. They’re not just passing trends; they’re redefining the crypto game. INJ with its forward-thinking DeFi solutions, XMR with its privacy-first approach and $ROE with its AI-driven platform make them the top cryptos to buy. Whether you’re a crypto veteran or just starting out, these three offer a mix of innovation, security, and potential that’s hard to beat. So, keep these names on your radar – they’re setting the pace in the world of digital currencies.#BinanceWish
Full Understanding of Blockchain Technology
Blockchain technology is a digital ledger that is decentralized, secure, and transparent. It has been primarily used for cryptocurrency transactions but has the potential to revolutionize many industries. In this article, we will explore the different aspects of blockchain technology in the context of cryptocurrency.
What is blockchain technology?
Blockchain technology is a decentralized and distributed digital ledger that records transactions and information on a network of computers. This network is maintained by a group of nodes, or computers, that collectively validate and verify transactions. Each node has a copy of the ledger, which is updated in real-time as transactions are added.
How does blockchain technology work?
When a transaction occurs on the blockchain, it is verified by nodes on the network. Once verified, the #transaction is added to a block, along with other verified transactions. This block is then added to the existing blockchain, forming a continuous chain of blocks.
Each block in the chain contains a unique hash, which is a mathematical function that ensures the integrity of the block. The hash is created by combining the previous block’s hash with the data in the current block. This makes it nearly impossible for anyone to alter or manipulate the blockchain without detection.
Advantages of blockchain technology
One of the main advantages of blockchain #technology is that it is decentralized. This means that there is no central authority or third-party intermediary involved in transactions. This makes transactions faster, more secure, and less expensive than traditional methods.
Another advantage of blockchain technology is its transparency. Anyone on the network can see all the transactions that have taken place, making it easier to trace the movement of funds. This makes it difficult for fraudsters to manipulate the system and steal funds.
Cryptocurrency and blockchain technology
Cryptocurrency is one of the most well-known applications of blockchain technology. It is a digital currency that operates on a decentralized network. Transactions are recorded on the blockchain, making them secure and transparent.
Cryptocurrency transactions are verified by nodes on the network, which makes them almost impossible to manipulate. This makes cryptocurrency transactions more secure than traditional methods of payment, which can be vulnerable to fraud.
Popular cryptocurrencies
There are many different cryptocurrencies, each with their own unique characteristics. Some of the most popular cryptocurrencies include:
Bitcoin: The first and most well-known cryptocurrency. It is decentralized and operates on a peer-to-peer network.
Ethereum: A decentralized platform for building decentralized applications (dapps). It also has its own cryptocurrency, called Ether.
Litecoin: A cryptocurrency that is similar to Bitcoin, but with faster transaction times and lower fees.
Challenges of blockchain technology
While blockchain technology has many advantages, it is not without its challenges. One of the main challenges is scalability. As more people use blockchain technology, the network can become congested, leading to slower transaction times and higher fees.
Another challenge is regulation. Because blockchain technology operates outside of traditional financial systems, it can be difficult for governments to regulate. This has led to uncertainty and inconsistency in regulatory frameworks.
Future of blockchain technology
Despite the challenges, the future of blockchain technology looks bright. Many companies are exploring the potential of blockchain technology to improve their operations and provide better services to their customers.
Blockchain technology has the potential to revolutionize many industries, including finance, healthcare, and supply chain management. As more people adopt blockchain technology, it will become increasingly important to address the challenges and develop solutions that make it more scalable and accessible.
Use cases of blockchain technology
Blockchain technology has a variety of use cases beyond cryptocurrency. Some of these include:
Supply chain management: Blockchain technology can be used to track products and goods as they move through the supply chain. This can increase transparency and reduce fraud.
Healthcare: Blockchain technology can be used to securely store patient data and improve the sharing of information between healthcare providers.
Voting: Blockchain technology can be used to create secure and transparent voting systems that are resistant to manipulation.
Real estate: Blockchain technology can be used to facilitate property transfers and reduce the need for intermediaries, such as real estate agents and lawyers.
Gaming: Blockchain technology can be used to create decentralized gaming platforms that provide more control and ownership to players.
Decentralized finance (DeFi)
Decentralized finance, or DeFi, is an emerging trend in the world of blockchain technology. It refers to a new financial system that operates on a decentralized network of computers, rather than through traditional financial institutions.
DeFi allows users to access financial services such as lending, borrowing, and trading, without the need for intermediaries. This can reduce costs and increase accessibility, particularly for people who are unbanked or underbanked.
Conclusion
Blockchain technology has the potential to transform many industries, including finance, healthcare, and supply chain management. While it is still in its early stages, the technology has already demonstrated its potential to increase transparency, reduce fraud, and improve efficiency.
As more companies and individuals adopt blockchain technology, it will be important to address the challenges and develop solutions that make it more scalable and accessible. Ultimately, the success of blockchain technology will depend on its ability to deliver real value to users and solve real-world problems.
#originalcontent #blockchain
What is blockchain technology?
Blockchain technology is a decentralized and distributed digital ledger that records transactions and information on a network of computers. This network is maintained by a group of nodes, or computers, that collectively validate and verify transactions. Each node has a copy of the ledger, which is updated in real-time as transactions are added.
How does blockchain technology work?
When a transaction occurs on the blockchain, it is verified by nodes on the network. Once verified, the #transaction is added to a block, along with other verified transactions. This block is then added to the existing blockchain, forming a continuous chain of blocks.
Each block in the chain contains a unique hash, which is a mathematical function that ensures the integrity of the block. The hash is created by combining the previous block’s hash with the data in the current block. This makes it nearly impossible for anyone to alter or manipulate the blockchain without detection.
Advantages of blockchain technology
One of the main advantages of blockchain #technology is that it is decentralized. This means that there is no central authority or third-party intermediary involved in transactions. This makes transactions faster, more secure, and less expensive than traditional methods.
Another advantage of blockchain technology is its transparency. Anyone on the network can see all the transactions that have taken place, making it easier to trace the movement of funds. This makes it difficult for fraudsters to manipulate the system and steal funds.
Cryptocurrency and blockchain technology
Cryptocurrency is one of the most well-known applications of blockchain technology. It is a digital currency that operates on a decentralized network. Transactions are recorded on the blockchain, making them secure and transparent.
Cryptocurrency transactions are verified by nodes on the network, which makes them almost impossible to manipulate. This makes cryptocurrency transactions more secure than traditional methods of payment, which can be vulnerable to fraud.
Popular cryptocurrencies
There are many different cryptocurrencies, each with their own unique characteristics. Some of the most popular cryptocurrencies include:
Bitcoin: The first and most well-known cryptocurrency. It is decentralized and operates on a peer-to-peer network.
Ethereum: A decentralized platform for building decentralized applications (dapps). It also has its own cryptocurrency, called Ether.
Litecoin: A cryptocurrency that is similar to Bitcoin, but with faster transaction times and lower fees.
Challenges of blockchain technology
While blockchain technology has many advantages, it is not without its challenges. One of the main challenges is scalability. As more people use blockchain technology, the network can become congested, leading to slower transaction times and higher fees.
Another challenge is regulation. Because blockchain technology operates outside of traditional financial systems, it can be difficult for governments to regulate. This has led to uncertainty and inconsistency in regulatory frameworks.
Future of blockchain technology
Despite the challenges, the future of blockchain technology looks bright. Many companies are exploring the potential of blockchain technology to improve their operations and provide better services to their customers.
Blockchain technology has the potential to revolutionize many industries, including finance, healthcare, and supply chain management. As more people adopt blockchain technology, it will become increasingly important to address the challenges and develop solutions that make it more scalable and accessible.
Use cases of blockchain technology
Blockchain technology has a variety of use cases beyond cryptocurrency. Some of these include:
Supply chain management: Blockchain technology can be used to track products and goods as they move through the supply chain. This can increase transparency and reduce fraud.
Healthcare: Blockchain technology can be used to securely store patient data and improve the sharing of information between healthcare providers.
Voting: Blockchain technology can be used to create secure and transparent voting systems that are resistant to manipulation.
Real estate: Blockchain technology can be used to facilitate property transfers and reduce the need for intermediaries, such as real estate agents and lawyers.
Gaming: Blockchain technology can be used to create decentralized gaming platforms that provide more control and ownership to players.
Decentralized finance (DeFi)
Decentralized finance, or DeFi, is an emerging trend in the world of blockchain technology. It refers to a new financial system that operates on a decentralized network of computers, rather than through traditional financial institutions.
DeFi allows users to access financial services such as lending, borrowing, and trading, without the need for intermediaries. This can reduce costs and increase accessibility, particularly for people who are unbanked or underbanked.
Conclusion
Blockchain technology has the potential to transform many industries, including finance, healthcare, and supply chain management. While it is still in its early stages, the technology has already demonstrated its potential to increase transparency, reduce fraud, and improve efficiency.
As more companies and individuals adopt blockchain technology, it will be important to address the challenges and develop solutions that make it more scalable and accessible. Ultimately, the success of blockchain technology will depend on its ability to deliver real value to users and solve real-world problems.
#originalcontent #blockchain
Unlocking the Power of TXID: Understanding Transaction IDs in Cryptocurrency Transactions
In today's article, I will explain what TXID (transaction ID) is and when it is used, supported by a few examples to make it easier for you to understand. TXID is a system that can be encountered by almost anyone involved in cryptocurrencies. The purpose of this system is to ensure that crypto transactions have unique transaction numbers. In other words, it is a system developed to prevent your transactions related to #Cryptocurrencies from getting mixed up and to ensure privacy.
What is a Transaction?
A #transaction refers to an operation or process. In the context of cryptocurrencies, a transaction represents the transfer of crypto assets. To give an example with Bitcoin, a transaction is the transfer of value between Bitcoin wallets included in the blockchain network. Bitcoin wallets hold a private key, which is used to sign transactions and provide proof that they originated from the wallet owner. The signature also prevents any modification to the transaction after it has been made.
What is TxID?
TxID is the abbreviation for transaction hash/ID and is a descriptive expression used to identify a specific transaction. TxID refers to a unique transfer identity created for your crypto transfers. All transactions in blockchain have a unique TXID. These expressions are unique and consist of 64 characters. They are automatically assigned to each crypto transaction and consist of random letters and numbers. To put it simply, if you go to a bank and receive receipts as proof for your transactions, in blockchain transfers, your receipt is the TxID.
How is the TXID of Bitcoin and Ethereum represented?
Bitcoin transaction:
44e25bc0ed840f9bf0e58d6227db15192d5b89e79ba4304da16b09703f68ceaf
And here is an example of a #TXID for an Ethereum transaction:
0x2446f1fd773fbb9f080e674b60c6a033c7ed7427b8b9413cf28a2a4a6da9b56c
As you can see, they are unique transfer identities consisting of random letters and numbers with 64 characters.
When is TXID Used?
TXID allows you to view all the details related to a transaction. When you successfully withdraw your coins, you will have the TxID information for that transfer. Similar to a logistics number, you can use the txid to track the progress of the transfer. If your withdrawal transaction is successful and there is a record on the blockchain, you may be asked to provide the transaction's txid to the platform where the deposit was made so that they can assist you if needed.
In cases of delays in transactions such as online purchases, you can use TXID to track the status of the transaction and obtain information about its progress. Additionally, TXID serves as proof that funds have been transferred to another public address. By submitting the TXID to blockchain transaction services, you can verify whether the funds have been successfully sent or not.
You can find out the TXID from the withdrawal history or transaction history.
#feedfeverchallenge #Binance
What is a Transaction?
A #transaction refers to an operation or process. In the context of cryptocurrencies, a transaction represents the transfer of crypto assets. To give an example with Bitcoin, a transaction is the transfer of value between Bitcoin wallets included in the blockchain network. Bitcoin wallets hold a private key, which is used to sign transactions and provide proof that they originated from the wallet owner. The signature also prevents any modification to the transaction after it has been made.
What is TxID?
TxID is the abbreviation for transaction hash/ID and is a descriptive expression used to identify a specific transaction. TxID refers to a unique transfer identity created for your crypto transfers. All transactions in blockchain have a unique TXID. These expressions are unique and consist of 64 characters. They are automatically assigned to each crypto transaction and consist of random letters and numbers. To put it simply, if you go to a bank and receive receipts as proof for your transactions, in blockchain transfers, your receipt is the TxID.
How is the TXID of Bitcoin and Ethereum represented?
Bitcoin transaction:
44e25bc0ed840f9bf0e58d6227db15192d5b89e79ba4304da16b09703f68ceaf
And here is an example of a #TXID for an Ethereum transaction:
0x2446f1fd773fbb9f080e674b60c6a033c7ed7427b8b9413cf28a2a4a6da9b56c
As you can see, they are unique transfer identities consisting of random letters and numbers with 64 characters.
When is TXID Used?
TXID allows you to view all the details related to a transaction. When you successfully withdraw your coins, you will have the TxID information for that transfer. Similar to a logistics number, you can use the txid to track the progress of the transfer. If your withdrawal transaction is successful and there is a record on the blockchain, you may be asked to provide the transaction's txid to the platform where the deposit was made so that they can assist you if needed.
In cases of delays in transactions such as online purchases, you can use TXID to track the status of the transaction and obtain information about its progress. Additionally, TXID serves as proof that funds have been transferred to another public address. By submitting the TXID to blockchain transaction services, you can verify whether the funds have been successfully sent or not.
You can find out the TXID from the withdrawal history or transaction history.
#feedfeverchallenge #Binance
- On-chain #transaction fees have been increasing throughout the year, reaching a peak of $692 million in May, as reported by Odaily Planet Daily #News with data from #Token Terminal.
- Ethereum, TRON, and #Bitcoin are the top three cryptocurrencies contributing the most to these transaction fees.
- In the past week, #Ethereum recorded total fees of $34.7 million, followed by TRON with $18.1 million and Bitcoin with $4.8 million.
- TRON led in terms of daily active users (DAU) with 1.48 million, while Bitcoin and Ethereum followed with 654,000 and 338,000 DAU respectively.
$BTC $ETH $BNB
- Ethereum, TRON, and #Bitcoin are the top three cryptocurrencies contributing the most to these transaction fees.
- In the past week, #Ethereum recorded total fees of $34.7 million, followed by TRON with $18.1 million and Bitcoin with $4.8 million.
- TRON led in terms of daily active users (DAU) with 1.48 million, while Bitcoin and Ethereum followed with 654,000 and 338,000 DAU respectively.
$BTC $ETH $BNB
One of the biggest #Bitcoin mining companies in the world, Riot #Blockchain, has announced that it has signed a long-term purchase agreement with Chinese Bitcoin miner manufacturer #MicroBT, securing an initial order of 33,280 next-generation miners.
When the machines are implemented during the first quarter of 2024, according to Riot, the #transaction will increase the Colorado-based business's self-mining capacity to 20.1 EH/s.
When the machines are implemented during the first quarter of 2024, according to Riot, the #transaction will increase the Colorado-based business's self-mining capacity to 20.1 EH/s.
Bitcoin Witnesses Mystical $280 Million Transfer as BTC Price Teases Pump
#BTC $280 million Bitcoin transfer today is stirring speculation and raising expectations of potential growth in BTC priceDisclaimer: 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. In a day of extraordinary transfer activity, the cryptocurrency market witnessed a significant movement of 7,000 $BTC , valued at over $280 million. This mysterious transfer captured the attention of the crypto #community , raising speculation about its implications for the future of Bitcoin.🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 7,000 BTC (280,076,454 USD) transferred from unknown wallet to unknown wallethttps://t.co/6ByUvuycSK— Whale Alert (@whale_alert) January 26, 2024The sizable transfer occurred between unknown wallets, adding an air of mystique to an already enigmatic #transaction . The event took place against the backdrop of a 2% surge in Bitcoin's price, climbing from $39,900 to $40,700 earlier in the day. After the transfer happened, the cryptocurrency experienced an additional 2% uptick, peaking at $41,500, before a sell-off ensued.Bitcoin price: Two scenarios#Analysts are closely monitoring these developments, with renowned crypto expert Ali Martinez providing insights into potential future scenarios for Bitcoin's price.Source: Ali MartinezMartinez, a prominent figure in crypto circles, recently shared his analysis, pointing to the TD Sequential indicator signaling a buy on the daily chart while Bitcoin maintains its position above the 100SMA. He outlined two possible outcomes: an upward move past $40,550 could trigger a rally to $43,000, but a breach of the 100SMA support level might lead Bitcoin down to $33,300.The 7,000 BTC transfer remains shrouded in mystery, leaving the #CryptoCommunity! intrigued about its origin, purpose and potential repercussions. As speculation mounts, the market eagerly awaits further developments that could either affirm or dispel expectations of BTC price growth.
**Blockchain and the Revolution in the Financial Industry**
#Blockchain , as an emerging technology, provides some of the most powerful tools for revolutionizing the financial industry. Not only does this #technology enable the creation of a decentralized and secure #transaction system, but it can also significantly reduce costs and make transactions faster and more efficient.
In this section, we delve into the role of blockchain in improving transaction security, reducing costs, increasing transparency, and creating new opportunities for individuals and companies in the financial industry. Additionally, you can present a real case study or interesting statistics to enhance the appeal of your content.
#Write2Earn #binance
#Blockchain , as an emerging technology, provides some of the most powerful tools for revolutionizing the financial industry. Not only does this #technology enable the creation of a decentralized and secure #transaction system, but it can also significantly reduce costs and make transactions faster and more efficient.
In this section, we delve into the role of blockchain in improving transaction security, reducing costs, increasing transparency, and creating new opportunities for individuals and companies in the financial industry. Additionally, you can present a real case study or interesting statistics to enhance the appeal of your content.
#Write2Earn #binance
🔨 #Bitcoin #miners see a significant boost in earnings as #transaction fees reach a record-breaking $184 million in Q2 2023, surpassing the total from the previous year.
#crypto2023 $BTC #Bitcoiners
#crypto2023 $BTC #Bitcoiners
It appears that 1INCH Wallet on Upbit has sent 2 million $1INCH tokens, which amounts to approximately $565.1K, to the address 0x3d...205. This transfer represents about 2.44% of the trading volume in the past 24 hours, which is $23.2 million.
If you're interested in finding more details about this transaction, including the transaction hash (TX Hash), I recommend checking Token Reports or similar platforms that provide comprehensive token analysis.
$1INCH #crypto2023 #crypto #transaction
If you're interested in finding more details about this transaction, including the transaction hash (TX Hash), I recommend checking Token Reports or similar platforms that provide comprehensive token analysis.
$1INCH #crypto2023 #crypto #transaction
