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Offchain Labs, the company behind the development of the Ethereum layer 2 network Arbitrum, is advancing the BOLD dispute resolution protocol deployed in their test environment. Developers highlighted BOLD's resilience to delay attacks, eliminating the need for permissioned validators for Arbitrum One and Nova. Plans include thorough testing and auditing before deployment on Arbitrum Sepolia by the end of spring. After DAO approval, the solution may go live on the mainnet "sometime in the summer of 2024," developers believe. "These dates are preliminary and will depend on a number of factors, including voting results and auditing," emphasized Offchain Labs. In March, Arbitrum developers activated the ArbOS update, also known as Atlas. The upgrade added support for BLOB transactions, aimed at reducing the cost of data transfer from L2 to the Ethereum mainnet. #OffchainLabs #Arbitrum #BOLD #ArbitrumOne #ArbitrumNova #ArbitrumSepolia #DAO #testing #audit #Ethereummainnet #ArbOS #Atlas #BLOB #L2

Offchain Labs, the company behind the development of the Ethereum layer 2 network Arbitrum, is advancing the BOLD dispute resolution protocol deployed in their test environment.

Developers highlighted BOLD's resilience to delay attacks, eliminating the need for permissioned validators for Arbitrum One and Nova.

Plans include thorough testing and auditing before deployment on Arbitrum Sepolia by the end of spring. After DAO approval, the solution may go live on the mainnet "sometime in the summer of 2024," developers believe.

"These dates are preliminary and will depend on a number of factors, including voting results and auditing," emphasized Offchain Labs.

In March, Arbitrum developers activated the ArbOS update, also known as Atlas. The upgrade added support for BLOB transactions, aimed at reducing the cost of data transfer from L2 to the Ethereum mainnet.

#OffchainLabs #Arbitrum #BOLD #ArbitrumOne #ArbitrumNova #ArbitrumSepolia #DAO #testing #audit #Ethereummainnet #ArbOS #Atlas #BLOB #L2

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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As the #Bitcoin network's halving event approaches, scheduled for April 20th, which will halve the block rewards and the influx of new coins, shares of major mining companies are experiencing a sharp decline, according to #TradingView data. Over the past five days, the stocks of Marathon Digital (MARA) and Riot Blockchain (RIOT) have dropped by 16% and 17% respectively. Similarly, shares of the Valkyrie Investment Company's WGMI ETF, which tracks mining stocks, have decreased by 11.2% over the same period. The majority of miners' revenue comes from block rewards, with transaction fees making up a minor portion. In March, industry companies saw record monthly revenue exceeding $2 billion, coinciding with Bitcoin hitting an all-time high of over $73,500 mid-month. Miners 🕵️ are banking on increased demand from new U.S. Bitcoin spot #ETFs✅ Currently, ETF issuers are buying an average of 2450 coins daily, while after the halving, the number of coins mined daily will decrease from 900 to 450. These factors combined could lead to a price increase due to high supply and low demand.
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Chris Marsalek, the director of the cryptocurrency exchange Crypto.com, has cautioned traders about an impending #Bitcoin price #dump due to the scheduled halving event on April 19th. He suggests that as the date approaches, there may be a sell-off of coins in line with the trading principle of "buy on rumors, sell on news." However, in the long term, Marsalek believes that the halving will have a positive impact on the market. The positive effect of the halving, as explained by Chris, stems from the 50% reduction in Bitcoin's inflation rate. Following the halving, miners will, on average, mine 450 instead of 900 bitcoins per day, reducing the supply of digital assets. If demand remains unchanged or increases, this could inevitably lead to a rise in the price of BTC. However, historical data suggests that a Bitcoin crash should not be expected. After the previous halving event in 2020, the cryptocurrency depreciated by no more than 28%, and a bullish trend did not resume until September. Markus Tilen, the head of research at 10x Research, attributes this phenomenon to miners gradually selling their accumulated bitcoins from the beginning of the year. #Crypto #Cryptocurrency #Cryptotrading
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Understanding #Altcoin Growth: Factors at Play The altcoin market is inherently volatile, and grasping the factors behind its growth is crucial for investors. Influences such as technological advancements, regulatory changes, and global economic cycles play pivotal roles. Technological Innovations and Regulatory Changes can spark interest in specific altcoins. Positive developments like partnerships, protocol upgrades, or increased adoption can drive demand and subsequently prices. Global Economic Cycles also sway altcoin markets. During economic expansions, investors may seek higher-yield assets, including altcoins. Conversely, during periods of uncertainty or downturns, they may favor safer assets. Monetary Policy from central banks, including Quantitative Tightening (QT) and Quantitative Easing (QE), impacts altcoins. QT can reduce altcoin demand due to decreased market liquidity, while QE may stimulate demand for riskier assets. Currently, the altcoin market is influenced by a mix of factors, and determining its bullish or bearish nature requires nuanced analysis. Staying informed and making decisions based on fundamental and technical analysis is key for investors.. Your opinion, is the altcoin market bullish or bearish?
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Iraq Prepares for Bitcoin Mining: New Technologies for Capturing Flare Gas During a press conference with Iraq's Deputy Prime Minister, Mohammed Ali Tamim, initiatives to develop the country's energy sector and diversify its economy were discussed. Among them was the utilization of new technologies to capture flare gas, a byproduct of oil production that is often burned off wastefully. Flare gas presents significant interest to the mining industry as it can be converted into electricity and used for cryptocurrency mining. This approach addresses two issues at once: eliminating byproducts of oil production and aligning with global efforts to reduce environmental pollution. The Iraqi government is expanding its partnerships and entering agreements to leverage new technologies for capturing flare gas. Although the Iraqi official did not directly mention mining, crypto experts inferred that the new technologies imply cryptocurrency mining. This is especially notable as Tamim mentioned El Salvador's experience in integrating Bitcoin into its economy, which has increased the country's appeal to investors in digital assets. Currently, mining is officially permitted in six countries: Russia, El Salvador, UAE, Oman, Ethiopia, and the Kingdom of Bhutan. #Iraq #Bitcoin #Mining
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#Bitcoin vs #Halving! Market Dynamics and Prospects On the current cryptocurrency market, there's a sense of calm and uncertainty, with two scenarios remaining relevant to investors. The first scenario suggests the potential for market growth from current levels, especially for altcoins. Financing rates are favorable for a possible rally. It's worth noting that the $61,700 level is effectively holding the price, and as long as it remains above this level, there's no need to consider a decline. The nearest resistance is expected at levels of $64,600 and $67,300. This could pave the way for new all-time highs. The second scenario anticipates a slight decline in prices into the "weekly imbalance" zone. However, it's expected that this decline will not be significant. This scenario could have a positive impact on the market, preparing it for a potential upward reversal. In this case, investors should not fear a significant decline in altcoins, as the main downward movement is likely already behind us. The upcoming halving event, just two days away, is unlikely to have a significant impact on the market. Market participants have long been aware of this event, and it has been priced in. However, increased volatility and local manipulations may occur during this time. New circumstances, such as macroeconomic conditions and changes in mining structure, make the situation more interesting to observe. After the halving, the cost of production may rise to $60,000, especially in the context of rising energy prices. Investors will be watching the further developments with enthusiasm and interest.
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