erc20
1,941 views
15 Posts
Hot
Latest
See original
IERC20: A protocol that meets the needs of fair distribution and decentralized indexing
With the evolution of blockchain technology, the Inscription Protocol, as a part of decentralized applications, has become one of the focuses of people's attention. As an on-chain protocol, the Inscription Protocol was originally born to meet the need for fair distribution, but with development, people discovered that fairness was not completely fair, and there were security risks in centralized indexes. Currently, Unisat is promoting the decentralized indexing of BRC20, and the IERC20 protocol based on the Ethereum chain is also implementing decentralized indexing.
IERC20 ensures fair distribution through a series of innovative measures. These include setting an upper limit for the issuance of inscriptions at a single address to prevent a certain address from obtaining too many inscriptions to ensure fairness in distribution. Only the first inscription in each block is valid, preventing the issuance of inscriptions in batches and increasing the fairness of competition. The weight distribution model of position computing power and PoW computing power is introduced to solve the problem of scientists grabbing a large number of chips and further ensure the fairness of distribution. The clever combination of these strategies makes IERC20 more flexible and effective in fair distribution.
The underlying security of the Inscription Protocol directly relies on decentralized indexing. In order to improve overall security, IERC20 plans to launch an innovative decentralized indexing solution, using PoW + decentralized indexing. The benefits brought by this design include the consistency of data and code among multiple index parties, reducing the dependence on the protocol, and improving the overall degree of decentralization. At the same time, players participating in decentralized index maintenance can conduct PoW mining at the same time, making the index solution more decentralized and increasing the security of the system.
IERC is currently in the second phase of its official description, the integration phase (PoW and DPoS phases). At this stage, PoW and DPoS (Delegated Proof of Stake) mechanisms are combined to create a fairer label output model. This integrated model maintains the fairness of PoW, where rewards are based on the computing power provided, while introducing DPoS to enhance network governance and security.
After completing the integration, if the final stage is successfully reached, the IERC protocol will achieve complete modularization of PoW and DPoS in the final stage of the roadmap. This means that any user can build and customize their own PoW and DPoS scaling applications on this infrastructure, making it truly community and user-centric.In addition, the computing power of PoW will be redirected to support the construction of decentralized indexes, further improving the efficiency and transparency of the ecosystem.
The advantages of IERC20 in fair distribution and decentralized indexing bring more possibilities for ecological gameplay. This protocol focuses on balancing cost and efficiency, supports batch transfers and purchases, improves the efficiency of airdrops, IDO distribution, Dapp and exchange deposits and withdrawals, and reduces the cost of ecological interaction. By supporting split transfers, IERC20 is superior to other tokens in terms of accuracy and flexibility, and is suitable for a wider range of ecological scenarios. Its ecology has designed a variety of gameplay methods, including currency airdrops and PoW mining, providing a solid foundation for the diverse development of ecological projects. The planned decentralized indexing solution will further improve the decentralization of the ecosystem and the security of the underlying data.
IERC20 has also made significant progress in the ecological cooperation matrix. Including Sparkle, a project supported by BinanceLabs, SWAGGA, a metaverse social project, and MM3, the Marilyn Monroe IP holder, have already cooperated with IERC20. A number of well-known exchanges have also cooperated deeply with Web3 sectors such as OKX and Gate, and other partners such as Bit.Store, HeLa Space, VIP3 and MYX.Finance are also ready to go.
The first phase Staking data of IERC20 is exciting. More than 67% of Ethi was successfully pledged, and the TVL exceeded 20 million US dollars, which shows the widespread recognition of Ethi by users and their active participation in the staking mechanism. The amount of staked ETH not only demonstrates users’ confidence in the project, but also provides stronger security and decentralization features for the entire ecosystem. I believe it will attract more users to participate and inject more vitality into the ecological development of ethi.
With its comprehensive design and planning, IERC20 is expected to become a high-profile inscription ecological protocol. Through fair distribution, secure decentralized indexing and multi-dimensional ecological gameplay, IERC20 provides more possibilities for the development of the inscription ecology. With the gradual implementation of the plan, IERC20 is expected to become the leader of the inscription ecology, leading the entire industry in a more fair, secure and diversified direction!
#IERC20 #avav #ethi #erc20 #ordi
With the evolution of blockchain technology, the Inscription Protocol, as a part of decentralized applications, has become one of the focuses of people's attention. As an on-chain protocol, the Inscription Protocol was originally born to meet the need for fair distribution, but with development, people discovered that fairness was not completely fair, and there were security risks in centralized indexes. Currently, Unisat is promoting the decentralized indexing of BRC20, and the IERC20 protocol based on the Ethereum chain is also implementing decentralized indexing.
IERC20 ensures fair distribution through a series of innovative measures. These include setting an upper limit for the issuance of inscriptions at a single address to prevent a certain address from obtaining too many inscriptions to ensure fairness in distribution. Only the first inscription in each block is valid, preventing the issuance of inscriptions in batches and increasing the fairness of competition. The weight distribution model of position computing power and PoW computing power is introduced to solve the problem of scientists grabbing a large number of chips and further ensure the fairness of distribution. The clever combination of these strategies makes IERC20 more flexible and effective in fair distribution.
The underlying security of the Inscription Protocol directly relies on decentralized indexing. In order to improve overall security, IERC20 plans to launch an innovative decentralized indexing solution, using PoW + decentralized indexing. The benefits brought by this design include the consistency of data and code among multiple index parties, reducing the dependence on the protocol, and improving the overall degree of decentralization. At the same time, players participating in decentralized index maintenance can conduct PoW mining at the same time, making the index solution more decentralized and increasing the security of the system.
IERC is currently in the second phase of its official description, the integration phase (PoW and DPoS phases). At this stage, PoW and DPoS (Delegated Proof of Stake) mechanisms are combined to create a fairer label output model. This integrated model maintains the fairness of PoW, where rewards are based on the computing power provided, while introducing DPoS to enhance network governance and security.
After completing the integration, if the final stage is successfully reached, the IERC protocol will achieve complete modularization of PoW and DPoS in the final stage of the roadmap. This means that any user can build and customize their own PoW and DPoS scaling applications on this infrastructure, making it truly community and user-centric.In addition, the computing power of PoW will be redirected to support the construction of decentralized indexes, further improving the efficiency and transparency of the ecosystem.
The advantages of IERC20 in fair distribution and decentralized indexing bring more possibilities for ecological gameplay. This protocol focuses on balancing cost and efficiency, supports batch transfers and purchases, improves the efficiency of airdrops, IDO distribution, Dapp and exchange deposits and withdrawals, and reduces the cost of ecological interaction. By supporting split transfers, IERC20 is superior to other tokens in terms of accuracy and flexibility, and is suitable for a wider range of ecological scenarios. Its ecology has designed a variety of gameplay methods, including currency airdrops and PoW mining, providing a solid foundation for the diverse development of ecological projects. The planned decentralized indexing solution will further improve the decentralization of the ecosystem and the security of the underlying data.
IERC20 has also made significant progress in the ecological cooperation matrix. Including Sparkle, a project supported by BinanceLabs, SWAGGA, a metaverse social project, and MM3, the Marilyn Monroe IP holder, have already cooperated with IERC20. A number of well-known exchanges have also cooperated deeply with Web3 sectors such as OKX and Gate, and other partners such as Bit.Store, HeLa Space, VIP3 and MYX.Finance are also ready to go.
The first phase Staking data of IERC20 is exciting. More than 67% of Ethi was successfully pledged, and the TVL exceeded 20 million US dollars, which shows the widespread recognition of Ethi by users and their active participation in the staking mechanism. The amount of staked ETH not only demonstrates users’ confidence in the project, but also provides stronger security and decentralization features for the entire ecosystem. I believe it will attract more users to participate and inject more vitality into the ecological development of ethi.
With its comprehensive design and planning, IERC20 is expected to become a high-profile inscription ecological protocol. Through fair distribution, secure decentralized indexing and multi-dimensional ecological gameplay, IERC20 provides more possibilities for the development of the inscription ecology. With the gradual implementation of the plan, IERC20 is expected to become the leader of the inscription ecology, leading the entire industry in a more fair, secure and diversified direction!
#IERC20 #avav #ethi #erc20 #ordi
See original
Attention, I warn you again, do not buy crypto money that you know nothing about and have not done any research on, via #binanceweb3 . There are meaningless scammers everywhere. Be especially careful with the #cats #dogs #erc20 crypto currencies, they caused me a total of 2,000 $ losses. Especially Cats, do not buy it, it is a complete scam. You can buy, but you can never exchange it with another cryptocurrency. I specifically wrote to them via the X platform and they immediately blocked me. Please do not lose your money to these fraudsters. These are unscrupulous, low-level people, they are thieves as you know. I don't understand what Binance web 3 is waiting for to impose sanctions on these. #binance I will write until these cryptocurrencies are sanctioned. Cheaters will never win
💸 User Pays $90K in Fees for a $2K ETH Transfer
A Pricey Error? 🧐
According to data from Etherscan, the user paid $89,200 in fees to transfer a mere 0.87 ETH, worth approximately $2,262 at current prices. With Ethereum network fees currently at yearly lows, hovering between 2 and 4 gwei, this transaction should have cost no more than $5. Instead, the user overpaid by an astonishing 1,783,900%.
Fat-finger errors, where someone accidentally inputs the wrong numbers, are not unheard of in the crypto world. Just last year, an NFT trader paid 1,055 ETH (about $1.6 million at the time) for an NFT that was only worth $1,000. Similar mistakes have happened before, leaving many wondering if this latest incident was just another unfortunate slip-up.
Or Something More? 🔍
However, some speculate that this transaction could have been more than just a mistake. It might have been a sophisticated form of money laundering. For this to be the case, the user would need to know exactly which Ethereum validator would process the transaction and ensure it was included in the correct block. This would require close coordination with the validator to ensure the funds didn't end up in the wrong hands.
Not Just Retail Errors 🚨
Even large institutions have fallen prey to costly errors. In May 2021, Singapore-based exchange Crypto.com mistakenly sent $7 million to an Australian user, who then used the funds to buy a mansion and send money overseas. She was later sentenced to 209 days in jail for "dealing in the proceeds of crime."
Follow @Professor Mende - Bonuz Ecosystem Founder for more crazy stories!
#ethereum #eth #erc20 #cryptonews #crypto
$ETH $BTC
A Pricey Error? 🧐
According to data from Etherscan, the user paid $89,200 in fees to transfer a mere 0.87 ETH, worth approximately $2,262 at current prices. With Ethereum network fees currently at yearly lows, hovering between 2 and 4 gwei, this transaction should have cost no more than $5. Instead, the user overpaid by an astonishing 1,783,900%.
Fat-finger errors, where someone accidentally inputs the wrong numbers, are not unheard of in the crypto world. Just last year, an NFT trader paid 1,055 ETH (about $1.6 million at the time) for an NFT that was only worth $1,000. Similar mistakes have happened before, leaving many wondering if this latest incident was just another unfortunate slip-up.
Or Something More? 🔍
However, some speculate that this transaction could have been more than just a mistake. It might have been a sophisticated form of money laundering. For this to be the case, the user would need to know exactly which Ethereum validator would process the transaction and ensure it was included in the correct block. This would require close coordination with the validator to ensure the funds didn't end up in the wrong hands.
Not Just Retail Errors 🚨
Even large institutions have fallen prey to costly errors. In May 2021, Singapore-based exchange Crypto.com mistakenly sent $7 million to an Australian user, who then used the funds to buy a mansion and send money overseas. She was later sentenced to 209 days in jail for "dealing in the proceeds of crime."
Follow @Professor Mende - Bonuz Ecosystem Founder for more crazy stories!
#ethereum #eth #erc20 #cryptonews #crypto
$ETH $BTC
🚀 Want to take your ERC20 token to the next level? Join the Shibarium Bridge!
If you’re looking to get your token integrated with Shibarium, now’s your chance! By submitting your ERC20 token for integration, you’ll unlock the power of faster, cheaper transactions and gain access to a massive, passionate community—#SHIBARMY
Here’s why you should consider it:
✅ Bigger Exposure: Shibarium is growing fast, and your token could be part of that success.
✅ Low Fees & Fast Transactions: Say goodbye to high gas fees and long wait times.
✅ Community Support: Tap into the strength of the Shiba ecosystem. It’s all about collaboration!
🔗 How to get started:
Submit your token details now and ensure everything is accurate to make the review and onboarding process smooth. 👉🏼shib.o
Don’t miss out on this opportunity to grow with Shibarium! Let’s make things happen together. 💥
#Shibarium #ERC20 $SHIB
If you’re looking to get your token integrated with Shibarium, now’s your chance! By submitting your ERC20 token for integration, you’ll unlock the power of faster, cheaper transactions and gain access to a massive, passionate community—#SHIBARMY
Here’s why you should consider it:
✅ Bigger Exposure: Shibarium is growing fast, and your token could be part of that success.
✅ Low Fees & Fast Transactions: Say goodbye to high gas fees and long wait times.
✅ Community Support: Tap into the strength of the Shiba ecosystem. It’s all about collaboration!
🔗 How to get started:
Submit your token details now and ensure everything is accurate to make the review and onboarding process smooth. 👉🏼shib.o
Don’t miss out on this opportunity to grow with Shibarium! Let’s make things happen together. 💥
#Shibarium #ERC20 $SHIB
See original
A token called #VestraDao #VSTR based on #erc20 will be released very soon. It is not a ridiculously shilled token. It is a token with community power. And it has very good projects. I think it will gain a lot of value in the bull run. There are currently some tasks and games on their website for you to benefit from the airdrop. I would say don't miss it now. I am telling you. $BTC $LEVER $DOGS #tlm #XRP🚀
#AMPUSDT
(Amp) is The digital asset token used to collateralize payments on the flexa Network ,making them instant and secure.it’s built on #etherreum in accordance with the #ERC20 Standard For Token ,Amp Can be bought and sold fiat currency or digital currencies
(Amp) is The digital asset token used to collateralize payments on the flexa Network ,making them instant and secure.it’s built on #etherreum in accordance with the #ERC20 Standard For Token ,Amp Can be bought and sold fiat currency or digital currencies
buy 🟢
ERC20 coins now! or cry later. 😭
Ethereum is touching 4800 dollar quickly. .
#2024withBinance #ERC20
ERC20 coins now! or cry later. 😭
Ethereum is touching 4800 dollar quickly. .
#2024withBinance #ERC20
One Crypto Every Binance User Must Have (Part One {1}): Binance Coin ( $BNB )
Binance Coin ( $BNB ) is a crucial asset for Binance users, evolving from a utility token for trading fee discounts to a multi-faceted digital asset with diverse use cases. Launched in 2017, $BNB was initially designed as an ERC-20 token on the Ethereum blockchain. As Binance expanded its services, BNB underwent transformations, including migrating to its native Binance Chain in 2019 and launching its blockchain network, Binance Smart Chain (BSC), in 2020. BNB's utility extends beyond trading fees, offering token sales and ICOs on Binance Launchpad, powering functionalities on Binance Smart Chain, staking and yield farming, and the NFT marketplace. As Binance continues to expand its ecosystem, BNB's adoption and demand have surged among users and developers. BNB's price performance has consistently ranked among the top cryptocurrencies by market capitalization, attracting investors and traders seeking exposure to the Binance ecosystem and its associated projects. As Binance continues to innovate and expand its offerings, BNB is poised to remain a key player in shaping the future of decentralized finance and blockchain technology.
#erc20 #Token2049 #BNB #InvestorFocused
Binance Coin ( $BNB ) is a crucial asset for Binance users, evolving from a utility token for trading fee discounts to a multi-faceted digital asset with diverse use cases. Launched in 2017, $BNB was initially designed as an ERC-20 token on the Ethereum blockchain. As Binance expanded its services, BNB underwent transformations, including migrating to its native Binance Chain in 2019 and launching its blockchain network, Binance Smart Chain (BSC), in 2020. BNB's utility extends beyond trading fees, offering token sales and ICOs on Binance Launchpad, powering functionalities on Binance Smart Chain, staking and yield farming, and the NFT marketplace. As Binance continues to expand its ecosystem, BNB's adoption and demand have surged among users and developers. BNB's price performance has consistently ranked among the top cryptocurrencies by market capitalization, attracting investors and traders seeking exposure to the Binance ecosystem and its associated projects. As Binance continues to innovate and expand its offerings, BNB is poised to remain a key player in shaping the future of decentralized finance and blockchain technology.
#erc20 #Token2049 #BNB #InvestorFocused
Introducing $WAD, The win all day token, Illuminate your journey towards victory as you earn rewards with every purchase.
Join the movement today and embrace a world of unity and success!
#CryptoInvesting2024 #ethereum #coinstore #binance #erc20
Join the movement today and embrace a world of unity and success!
#CryptoInvesting2024 #ethereum #coinstore #binance #erc20
See original
Comparative analysis from multiple angles, why might ierc20 be the most ideal inscription development plan?
1. Fair distribution
Starting from brc20, the core reason why Inscription attracts many players to enter the game is fair distribution. Due to the high handling fees and slow transaction confirmation speed of the btc chain, ordinary players have enough time and opportunity to get their favorite inscriptions, and the entire environment is more fair than before. However, in evm-type chains, gas is low, confirmation is fast, and scripts are mature. In fact, the inscription protocols of most evm chains do not achieve fair distribution very well, and some are even very concentrated. If restrictions cannot be implemented, in this case it is more like Traditional projects disguised as inscriptions have lost the core essence of inscriptions.
Starting from brc20, the core reason why Inscription attracts many players to enter the game is fair distribution. Due to the high handling fees and slow transaction confirmation speed of the btc chain, ordinary players have enough time and opportunity to get their favorite inscriptions, and the entire environment is more fair than before. However, in evm-type chains, gas is low, confirmation is fast, and scripts are mature. In fact, the inscription protocols of most evm chains do not achieve fair distribution very well, and some are even very concentrated. If restrictions cannot be implemented, in this case it is more like Traditional projects disguised as inscriptions have lost the core essence of inscriptions.
Arbitrum One as the first layer-2 to reached $20 bilion in TVL
Arbitrum One as the first layer-2 to reached $20 bilion in TVL
Arbitrum, a cryptocurrency network, has announced on its official account that its layer-2 platform has reached $20 billion in total value locked (TVL).
Arbitrum on X’s post on Dec. 03 claimed that the first layer-2 platform could reach $20 billion in total value locked (TVL) or increase up to double-digit, which specifically rises 14.2%.
“Arbitrum One has just become the first L2 to hit $20 billion in TVL. We did this by inovating together, with the stage 2 horizon and ecosystem growth happening in all verticals, the sky’s the limit for how far we can scale. Accelerate,”
According to L2Beat data, Arbitrum One achieved $20 billion in TVL with $6.64 in canonical, $5.32 billion in external, and $8.12 billion in native. This milestone also leaves the competitors behind, including Base with $12.4 billion, OP Mainnet with $8.56 billion, and Blast with $1.55 billion.
Arbitrum (ARB) is the highest native minted value on this platform, with around $4.3 billion, followed by USD Coin (USDC), with a value of $2.2 billion.
Stage 2 of Arbitrum One is still ongoing, and some issues need to be fixed: fraud-proof submission, upgrade unrelated to on-chain, and the security council’s action, which is not confined to on-chain.
Arbitrum boosting AI growth
Arbitrum Foundation also actively promotes the artificial intelligence (AI) industry; one of the support initiatives is a $1 million grant to Arbitrum Network. The Trailblazer AI Grant is an initiative for developers and creators who are dedicated to building AI agents on Ethereum layer-2.
This artificial intelligence also helps bring thousands of applications to Arbitrum and gives the opportunity to explore projects ranging from non-fungible tokens (NFT) to ERC20 tokens. Projects that are eligible in the process will receive $10,000 as a reward.
Besides that, this initiative to bring artificial intelligence to the Arbitrum would unlock the potential of layer 2.
#Arbitrum #Altcoins #ERC20 #BTC #CryptoNews
Arbitrum, a cryptocurrency network, has announced on its official account that its layer-2 platform has reached $20 billion in total value locked (TVL).
Arbitrum on X’s post on Dec. 03 claimed that the first layer-2 platform could reach $20 billion in total value locked (TVL) or increase up to double-digit, which specifically rises 14.2%.
“Arbitrum One has just become the first L2 to hit $20 billion in TVL. We did this by inovating together, with the stage 2 horizon and ecosystem growth happening in all verticals, the sky’s the limit for how far we can scale. Accelerate,”
According to L2Beat data, Arbitrum One achieved $20 billion in TVL with $6.64 in canonical, $5.32 billion in external, and $8.12 billion in native. This milestone also leaves the competitors behind, including Base with $12.4 billion, OP Mainnet with $8.56 billion, and Blast with $1.55 billion.
Arbitrum (ARB) is the highest native minted value on this platform, with around $4.3 billion, followed by USD Coin (USDC), with a value of $2.2 billion.
Stage 2 of Arbitrum One is still ongoing, and some issues need to be fixed: fraud-proof submission, upgrade unrelated to on-chain, and the security council’s action, which is not confined to on-chain.
Arbitrum boosting AI growth
Arbitrum Foundation also actively promotes the artificial intelligence (AI) industry; one of the support initiatives is a $1 million grant to Arbitrum Network. The Trailblazer AI Grant is an initiative for developers and creators who are dedicated to building AI agents on Ethereum layer-2.
This artificial intelligence also helps bring thousands of applications to Arbitrum and gives the opportunity to explore projects ranging from non-fungible tokens (NFT) to ERC20 tokens. Projects that are eligible in the process will receive $10,000 as a reward.
Besides that, this initiative to bring artificial intelligence to the Arbitrum would unlock the potential of layer 2.
#Arbitrum #Altcoins #ERC20 #BTC #CryptoNews
#Etherum co-founder #VitalikButerin explains why ERC-4337 is important.
Ethereum co-founder Vitalik Buterin recently tweeted to reiterate the importance of ERC-4337, a standard that implements account abstraction on the protocol without any changes to the consensus layer. He also shared a thread from 1.5 years ago explaining the rationale and design of the standard that he co-authored with other Ethereum developers.
ERC-4337 was deployed on the Ethereum mainnet in March 2023 and has since grown and adopted significantly. According to the latest data from ERC-4337.io (a website that tracks the progress of this standard), in February 2024, multi-chain ERC-4337 conducted a total of 2.989 million transactions (UserOp) and The number of active AA accounts reached 945,000, new AA accounts reached 845,000, both record highs. Bundler, Paymaster and Wallet Factory activity also reached new highs.
ERC-4337 allows users to use a smart contract wallet containing arbitrary verification logic instead of an externally owned account (EOA) as their primary account. This brings greater flexibility, security and usability to wallet designs as well as reduces complexity for end users. For example, users can choose different signature schemes, pay gas fees with #erc20 tokens instead of $ETH , or ask third parties to sponsor their gas fees.
However, ERC-4337 also faces some challenges and limitations. One of them is that account abstraction is still mainly focused on #polygon , a #Layer2 scaling solution for Ethereum. This is because Polygon offers lower gas fees and faster confirmation times than the Ethereum base layer, which is said to be crucial to the user experience of ERC-4337. However, this also means that ERC-4337 users must rely on the security and availability of Polygon, which may not be as strong as Ethereum.
Ethereum co-founder Vitalik Buterin recently tweeted to reiterate the importance of ERC-4337, a standard that implements account abstraction on the protocol without any changes to the consensus layer. He also shared a thread from 1.5 years ago explaining the rationale and design of the standard that he co-authored with other Ethereum developers.
ERC-4337 was deployed on the Ethereum mainnet in March 2023 and has since grown and adopted significantly. According to the latest data from ERC-4337.io (a website that tracks the progress of this standard), in February 2024, multi-chain ERC-4337 conducted a total of 2.989 million transactions (UserOp) and The number of active AA accounts reached 945,000, new AA accounts reached 845,000, both record highs. Bundler, Paymaster and Wallet Factory activity also reached new highs.
ERC-4337 allows users to use a smart contract wallet containing arbitrary verification logic instead of an externally owned account (EOA) as their primary account. This brings greater flexibility, security and usability to wallet designs as well as reduces complexity for end users. For example, users can choose different signature schemes, pay gas fees with #erc20 tokens instead of $ETH , or ask third parties to sponsor their gas fees.
However, ERC-4337 also faces some challenges and limitations. One of them is that account abstraction is still mainly focused on #polygon , a #Layer2 scaling solution for Ethereum. This is because Polygon offers lower gas fees and faster confirmation times than the Ethereum base layer, which is said to be crucial to the user experience of ERC-4337. However, this also means that ERC-4337 users must rely on the security and availability of Polygon, which may not be as strong as Ethereum.
Floxypay, the leading one-stop solution for cryptocurrency enthusiasts, is excited to announce the launch of its native ERC20 token, FXY.
#erc20 #crypto2023
#blockchains
#erc20 #crypto2023
#blockchains
🔷 ERC-20 tokens recognized as unregistered securities
👀 The Massachusetts federal court granted the SEC's lawsuit against Rivetz Corp and its CEO Steven Sprague.
➡️ Rivetz raised $18 million by selling Ethereum-based RvT tokens to 7200 investors, and the SEC called this an offering of unregistered securities.
➡️ Although Steven Sprague claimed that the ERC-20 tokens were a software product, the court concluded that they meet the criteria of the Howey Test, which is used to determine whether an asset is a security.
#erc20 #BNBToken
👀 The Massachusetts federal court granted the SEC's lawsuit against Rivetz Corp and its CEO Steven Sprague.
➡️ Rivetz raised $18 million by selling Ethereum-based RvT tokens to 7200 investors, and the SEC called this an offering of unregistered securities.
➡️ Although Steven Sprague claimed that the ERC-20 tokens were a software product, the court concluded that they meet the criteria of the Howey Test, which is used to determine whether an asset is a security.
#erc20 #BNBToken
BNB Chain Introduces opBNB!
Binance has taken another step towards addressing scalability issues. opBNB, the new layer-2 chain developed by BNB Chain, aims to provide additional security and scalability to the Binance blockchain network. BNB Chain stated that opBNB, built on the Optimism OP Stack, is a solution for blockchain networks facing congestion and high fees. #opbnb
Layer-2 Scaling Solution:
opBNB is a second-layer chain that is Ethereum Virtual Machine (EVM) compatible. This means that opBNB is compatible with Ethereum-based smart contracts, networks, and ERC-20 token standards. According to BNB Chain's announcement, opBNB can support over 4,000 transactions per hour on average and have transaction costs below $0.005. This is a significant development compared to Binance blockchain's approximately 2,000 transactions per hour and $0.10 transaction cost. #erc20
Advantages of opBNB:
opBNB provides the ability to process transactions simultaneously by optimizing data accessibility, caching layer, and submission process algorithm. This allows Optimism to increase the gas limit from the current level of 30 million per block to 100 million. Binance referred to opBNB as an answer to the scalability problem that limits the mass adoption of blockchain technology. It should be noted that Optimism assumes the scalability of transactions using Optimistic Rollups, where transactions are processed on the root chain.
Integration and Developer Focus:
opBNB's RPC service layer facilitates the integration process by offering a user-friendly interface. This allows developers to focus on building applications "without worrying about Layer-2 scaling complexities." BNB Chain's opBNB has sparked debates among those who have doubts about scalability issues. Some critics claimed that BNB Chain's fork of Optimism centralized Ethereum and raised the gas limit to an unsafe level. However, it is noted that other options are available, including joining Optimism as a "Layer-1" or conducting transactions directly on Ethereum as a second layer or on third layers such as Optimism or Arbitrum.
In summary:
opBNB, developed by BNB Chain on the Optimism OP Stack, is a second-layer chain that aims to provide additional security and scalability to the Binance blockchain. The capacity of opBNB to support over 4,000 transactions per hour and offer low transaction costs is considered a significant step towards widespread adoption of blockchain technology. This development provides a new option for developers to focus on the application-building process and overcome scalability issues. #bsc
Layer-2 Scaling Solution:
opBNB is a second-layer chain that is Ethereum Virtual Machine (EVM) compatible. This means that opBNB is compatible with Ethereum-based smart contracts, networks, and ERC-20 token standards. According to BNB Chain's announcement, opBNB can support over 4,000 transactions per hour on average and have transaction costs below $0.005. This is a significant development compared to Binance blockchain's approximately 2,000 transactions per hour and $0.10 transaction cost. #erc20
Advantages of opBNB:
opBNB provides the ability to process transactions simultaneously by optimizing data accessibility, caching layer, and submission process algorithm. This allows Optimism to increase the gas limit from the current level of 30 million per block to 100 million. Binance referred to opBNB as an answer to the scalability problem that limits the mass adoption of blockchain technology. It should be noted that Optimism assumes the scalability of transactions using Optimistic Rollups, where transactions are processed on the root chain.
Integration and Developer Focus:
opBNB's RPC service layer facilitates the integration process by offering a user-friendly interface. This allows developers to focus on building applications "without worrying about Layer-2 scaling complexities." BNB Chain's opBNB has sparked debates among those who have doubts about scalability issues. Some critics claimed that BNB Chain's fork of Optimism centralized Ethereum and raised the gas limit to an unsafe level. However, it is noted that other options are available, including joining Optimism as a "Layer-1" or conducting transactions directly on Ethereum as a second layer or on third layers such as Optimism or Arbitrum.
In summary:
opBNB, developed by BNB Chain on the Optimism OP Stack, is a second-layer chain that aims to provide additional security and scalability to the Binance blockchain. The capacity of opBNB to support over 4,000 transactions per hour and offer low transaction costs is considered a significant step towards widespread adoption of blockchain technology. This development provides a new option for developers to focus on the application-building process and overcome scalability issues. #bsc
#BTC🔥🔥 #halving #2024
#Solana #erc20
Ajouts de ma part je pense que MATIC ET ETH ne seront pas les seules touchez par la monté du BTC.
MATIC déjà est une crypto très volatile, ce n’est pas la crypto ou j’investirais même si elle devrais avoir un grand succès en 2024
Mais elle n’est pas à négliger quand même !
Mon pronostic 2024
Mars 2024
$SOL : 110 €
$ETH : 2000 €
$BTC : 100K - 150K
$ADA: 5€
$LINK : 100€
$UNFI : + 50 €
#Solana #erc20
Ajouts de ma part je pense que MATIC ET ETH ne seront pas les seules touchez par la monté du BTC.
MATIC déjà est une crypto très volatile, ce n’est pas la crypto ou j’investirais même si elle devrais avoir un grand succès en 2024
Mais elle n’est pas à négliger quand même !
Mon pronostic 2024
Mars 2024
$SOL : 110 €
$ETH : 2000 €
$BTC : 100K - 150K
$ADA: 5€
$LINK : 100€
$UNFI : + 50 €
LIVE
Bitcoin Gurukul
--
GET READY FOR A HOT #CRYPTO MARKET IN 2024!
Here are my 20 predictions for the Bull Run👇
🔥 $KAS & $TAO will enter the top 10 coins
🔥 Total Market Cap for Crypto will hit $5-10 Trillion in 2025
🔥 $BTC will top out somewhere between $100-200k
🔥 $ETH will easily surpass $10k
🔥 Tokenization will become one of the biggest crypto trends - coins like $RIO will go parabolic
🔥 Game-Fi will once again be a huge narrative, especially towards the end of the bull run when the masses come flooding into crypto - Because of this, #altcoins like $NAKA will be huge winners
🔥 Shiny new coins with great fundamentals that are fair launched (like $CHNG) will outperform old coins
🔥 $INJ, $QNT & $RNDR will pull a 20x & potentially more, even though they are already older established coins
🔥 $SPACE will do for $BTC what $MATIC did for $ETH & will therefore have a huge impact on the crypto space
🔥 $ZEPH will turn out to be THE privacy play of the cycle
🔥 After Telekom, $AZERO will get even more enterprise partnerships & will become one of the best performing L1 mid caps
🔥 Generally speaking, holders will outperform traders in the bull market, especially beginners should just hold onto their coins for the majority of the bull run
🔥 However the majority of investors will get rekt by continuing to hold onto their coins after the mania phase (YOU NEED TO TAKE PROFITS AFTER YOU HAVE MADE LIFE-CHANGING GAINS!)
🔥 Once your non-crypto friends suddenly all talk about crypto & have FOMO, it's most likely the time to sell
🔥 Even people who you haven't talked to in years will suddenly reach out to you asking you about how to buy crypto
🔥 The huge majority of market particpants will lose money in crypto because they'll enter at the top
🔥 Small caps will have the biggest pumps at the end of the bull run (that's why patience is important!)
🔥 You'll be happy & proud of yourself that you managed to buy in 2023, despite the generally negative sentiment towards crypto
Here are my 20 predictions for the Bull Run👇
🔥 $KAS & $TAO will enter the top 10 coins
🔥 Total Market Cap for Crypto will hit $5-10 Trillion in 2025
🔥 $BTC will top out somewhere between $100-200k
🔥 $ETH will easily surpass $10k
🔥 Tokenization will become one of the biggest crypto trends - coins like $RIO will go parabolic
🔥 Game-Fi will once again be a huge narrative, especially towards the end of the bull run when the masses come flooding into crypto - Because of this, #altcoins like $NAKA will be huge winners
🔥 Shiny new coins with great fundamentals that are fair launched (like $CHNG) will outperform old coins
🔥 $INJ, $QNT & $RNDR will pull a 20x & potentially more, even though they are already older established coins
🔥 $SPACE will do for $BTC what $MATIC did for $ETH & will therefore have a huge impact on the crypto space
🔥 $ZEPH will turn out to be THE privacy play of the cycle
🔥 After Telekom, $AZERO will get even more enterprise partnerships & will become one of the best performing L1 mid caps
🔥 Generally speaking, holders will outperform traders in the bull market, especially beginners should just hold onto their coins for the majority of the bull run
🔥 However the majority of investors will get rekt by continuing to hold onto their coins after the mania phase (YOU NEED TO TAKE PROFITS AFTER YOU HAVE MADE LIFE-CHANGING GAINS!)
🔥 Once your non-crypto friends suddenly all talk about crypto & have FOMO, it's most likely the time to sell
🔥 Even people who you haven't talked to in years will suddenly reach out to you asking you about how to buy crypto
🔥 The huge majority of market particpants will lose money in crypto because they'll enter at the top
🔥 Small caps will have the biggest pumps at the end of the bull run (that's why patience is important!)
🔥 You'll be happy & proud of yourself that you managed to buy in 2023, despite the generally negative sentiment towards crypto