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November 11, 2024, marked the biggest daily gain in #
Bitcoin
history in dollar terms. The momentum is unmatched as #BTC continues to set records.
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#IMX continued its move and moving back and forth the drawn zone. Price again back to the zone, we can scale in here targeting next resistance.
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BSW buy and hold big PUMP soon
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#ETHFI/USDT BUY SETUP ETHFI has successfully broken out of the descending triangle pattern and completed a successful retest, with the Ichimoku Cloud now acting as strong support. A significant upward move appears imminent. 🚀
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#BTC☀ has surged above $90,000! 🚀 The Bitcoin network boasts over 1+ billion addresses, yet only 53-55 million are active with a non-zero balance. The true hodlers continue to show their unwavering support for the market!
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What Is a Tipset? A tipset is a term mostly used to describe the blockchain of decentralized storage system Filecoin. Filecoin’s consensus mechanism is built on tipsets, as their Expected Consensus system (unlike Bitcoin) is election-based and allows for multiple miners to be the elected leaders in a round. This means that Filecoin (or another similar storage system) allows more than one storage miner to create blocks in one epoch, which in turn increases the network throughput. Basing a blockchain on tipsets can also contribute to the security of the network: simply put, since each tipset’s weight is relative to the amount of storage it provides, any node that attempts to disrupt the creation of valid blocks must contend against the consensus’ preference for heavier chains. Filecoin’s tipset system is similar to Ethereum, since the system motivates participants to collaborate and prevents work being wasted through an increase in chain throughput. The advantages of using a tipset system are that miners will gather together to support the heaviest chain, or the chain that is creating value — this is because decentralized storage systems naturally prioritize chains that are offering more storage. Tipsets that are lighter chains become orphan blocks, since they don’t have the draw of greater storage power.
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