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zkSync, developed by MatterLabs, is a layer-2 scaling solution on Ethereum. It was designed to address key challenges of the Ethereum blockchain, including low transaction throughput and high fees. By using zero-knowledge rollup technology, zkSync makes transactions faster and cheaper while keeping Ethereum’s security intact. This setup makes it ideal for decentralized finance (DeFi), non-fungible tokens (NFTs), and other blockchain-based services that need high throughput and low fees. The core technology of zkSync is based on zero-knowledge rollups, which means bundling multiple transactions off-chain into a single batch, which is then processed and verified on the Ethereum mainnet. These special proofs, called zk-SNARK, check that the grouped transactions are valid without showing any details about them, keeping everything safe and secure. By doing most of the transaction processing outside the main Ethereum network, zkSync lightens the load on Ethereum. This makes transactions cheaper and confirms them faster. zkSync has teamed up with several companies in the blockchain and web3 world. These partners include Alchemy, a platform for web3 development; Space and Time (SxT), a decentralized data storage service; and Trala, a platform for Web3 gaming. The project has also received financial support from well-known investors like Andreessen Horowitz (a16z), Dragonfly Capital, OKX Ventures, and Blockchain Capital. #ZK #SWGT
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WIF dogwifhat emerges as an addition to Solana's line-up of meme coins. Drawing its inspiration from the Doge meme, dogwifhat showcases a Shiba Inu dog donning a hat, bringing a playful reinterpretation to the original Dogecoin concept. It has swiftly acquired an avid following as crypto aficionados with a craving for memes have been attracted to the Solana blockchain platform. Similar to Dogecoin, dogwifhat doesn't purport to be a revolutionary financial instrument. Instead, it's positioned as a lighthearted, amusing token. The community regularly takes part in activities like meme contests and charity drives, maintaining a jovial atmosphere. The rise of meme coins like dogwifhat on Solana is facilitated by Solana's characteristics, such as its fast transaction processing and affordable fees. This makes it a preferred platform for meme coin communities for effortless trading and engagement. Moreover, Solana's burgeoning DeFi ecosystem enables meme coins to participate and devise innovative undertakings. These meme tokens might can take part in yield farming, liquidity provision, and even roll out NFTs, providing a fun twist to their functionality. #WIF
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About ConstitutionDAO (PEOPLE) ConstitutionDAO is a decentralized organization formed to crowdfund an auction of the U.S. Constitution utilizing the Ethereum cryptocurrency token, $PEOPLE. In late September 2021, an original copy of the U.S. Constitution was put up for auction through Sotheby's, a fine arts and collectibles broker. Cryptocurrency enthusiasts formed ConstitutionDAO on November 11, 2021, as a community organization to raise funds through a DAO to buy the last privately owned first printing of the U.S. Constitution at auction through Sotheby's. The aim is to prevent wealthy individuals from owning one of only 13 copies of the U.S. Constitution currently in existence. By the end of the auction, ConstitutionDAO included over 17,000 contributors and had crowdfunded close to 11,000 ETH on JuiceBox. The then-currency price was nearly over $45 million, already more than twice the then-predicted sale price of $20 million. Ultimately, ConstitutionDAO lost in the auction. Citadel CEO Ken Griffin successfully outbid CostitutionalDAO for the copy of the Constitution. #People $PEOPLE
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C.R.E.A.M. Finance is a decentralized DeFi lending platform, enabling financial services to a broad range of entities—from individuals to institutions. As an integral part of the yearn.finance family, it aims to differentiate itself with its open-source, permissionless nature and compatibility with multiple blockchains, including Ethereum, BNB Chain, Polygon, and Fantom. Users holding assets like Ether or wBTC and seeking avenues to optimize them, can position these assets onto C.R.E.A.M. to earn yields. Emerging from its origins as a fork of Compound Finance, C.R.E.A.M Finance's vision revolves around fostering an inclusive network development. It plans to achieve this by providing yield farming incentives to its user base. The intriguing acronym, C.R.E.A.M., encapsulates the ethos of "Crypto Runs Everything Around Me." Its inception on the Ethereum network was a rather spontaneous event, materializing on August 3, 2020, through the YOLO liquidity pool. A month later, in September 2020, the protocol marked its footprint on the BNB Chain. #CREAM
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Lets Grab more $ 💵💰💵💵💰 $SOL $PEPE #SolanaAI
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