As a @DAO Labs #socialminer I am constantly learning, and this is a #beginnersguide on how advanced #CrossChainInteroperability messaging protocols work, specifically in the case of EQUITO Network
$BTC $ETH $BNB
Equito is designed to enable interoperability between various blockchains. Its goal is to break down the barriers of isolation and allow these independent blockchains to communicate effectively. Here’s how Equito achieves this:

The Equito App Contract acts as the bridge between different blockchains. It resides on each participating blockchain (let’s call them Blockchain A and Blockchain B).
Step 1 Sending a Message: A user sends a message or initiates a transaction on Blockchain A. The Equito App Contract captures this event.
Step 2 Origin Chain Router: The Equito App Contract on Blockchain A forwards the message to the Origin Chain Router. The Origin Chain Router emits an event indicating the message transfer.
Step 3 Validators Observe and Confirm:  Validators (decentralized nodes) monitor the event emitted by the Origin Chain Router. They verify the message’s authenticity and validity using Zero-Knowledge Proofs (ZKPs). Once confirmed, validators proceed to the next step.

Step 4 :Achieving Consensus:  Equito employs a Byzantine Fault Tolerant (BFT) consensus mechanism to ensure agreement among validators. Validators reach consensus on the validity of the message. This consensus guarantees security and prevents malicious actors from disrupting the process.
Let us look at this a little bit closer:
Peers and Nodes: Imagine a group of people sitting around a campfire. Each person has equal say in deciding where to explore next. These individuals represent nodes in a blockchain network. No one has more authority than the others—they all follow the same rules.
Consensus: To agree on the next adventure, they need consensus. If most of them say, “Let’s explore the forest,” they reach an agreement. BFT ensures that even if a few people are mischievous or unreliable, the group can still make decisions.
Trust Without Trust: In a decentralized system (like blockchain), trust isn’t about believing everyone is honest. Instead, it’s about trusting that most participants follow the rules. BFT allows the network to function even when some nodes act weirdly or fail.
So, BFT is like a resilient campfire circle where everyone cooperates, even if a few campers are secretly wolves in sheep’s clothing!
Now that we have a firmer grasp og BFT, on to the next step.
Step 5 Sending to the Destination Chain: The validated message is relayed to the Equito App Contract on Blockchain B. The Equito App Contract on Blockchain B processes the message.
Step 6 Receiving the Message:  The Equito App Contract on Blockchain B delivers the message to the intended recipient. The recipient’s smart contract executes the necessary actions (e.g., updating balances, triggering events, etc.).
Thus, by enabling seamless, secure, and efficient communication, Equito helps developers to extend decentralized applications (#Dapps ) beyond the confines of individual blockchains.  With over 26 institutional node operators, demonstrating its growing adoption, the protocol has successfully integrated with 16+ blockchains, and received the #ALGORAND Developer Award in 2022 for its contributions to blockchain interoperability.
If you are at the beginning of your blockchain and #SocialMining journey like me, hope this helped you understand the process! #cryptoineverypocket

Expanding licensing opportunities and the possibility of becoming a trusted cross-border currency are both contributing to an increase in investor confidence in Ripple.

Despite the fact that the price of the token is coming closer to $0.3, investors are aware that this is not the maximum price that can be achieved.

The attention of the whole cryptocurrency community is drawn to Shiba Inu when it has a weekly growth of more than 200%.

Over the course of the first week of March, it was shown that cryptocurrencies are capable of exceeding expectations even during times of vibrant market expansion. Bitcoin (BTC-USD), the currency with the highest market capitalization, has surpassed its all-time high, which was set in 2021.

As a result, investors may see this as a hint that the altcoin bubble is about to burst. Over the next few days, it is expected that a significant amount of money will be invested in tokens that are priced lower. As a result of this, the greatest cryptocurrencies that can be purchased for less than one dollar draw the attention of hundreds of thousands of crypto fans.

Ripple

Since 2021, the price of Ripple has not increased over $1. With that being said, the fact that it is now available at a cheap price makes it a potential contender for an early buy.

Sean McBride, who formerly served as the CEO of Ripple, recently discussed the company's attempts to make the Ripple cryptocurrency a trustworthy currency that can be used across international borders on social media. The changed attitude of the World Bank on XRP, as well as its acknowledgment and attention to the cryptocurrency, are clear indications of the consequences of this effort. A posture like this has the potential to alter the perspectives of users and eliminate worries over the performance of the coin.

Throughout the course of this year, there have been adjustments in terms of important moving averages being exceeded. Nevertheless, despite the positive feeling that is prevalent in the surrounding environment, XRP has not yet surpassed its yearly high of more than $0.8. The unrealized potential of the coin is shown by this. As the alternative season heats up, there is a possibility that the price record may be broken.

Algorand

During the development of its blockchain platform, Algorand places a strong emphasis on both decentralization and security. This initiative guarantees that no one party will have complete control over the network. The inclusion of dynamic round time is a result of recent advancements that have been made.

By doing so, Algorand was able to simultaneously boost network performance and decrease blocking time. Because of this, the blockchain has become an increasingly useful tool for developers, which has contributed to its general strengthening. Additionally, they were thrilled to hear that the platform supports Python, which makes the process of developing and distributing apps much less difficult at all.

For ALGO, the middle of the year 2023 was a difficult time. When the token's price plummeted below $0.09, it became less appealing to a large number of investors. Nevertheless, it was able to achieve a gain of $0.15 over the last three months of the year. Now, the data for March have increased the threshold, with ALGO getting closer and closer to $0.3.

There are plans for Algorand to block 2.5 billion tokens, which will then be awarded as prizes for participation. If we want to maintain the ecosystem, we shall utilize a quantity that is twice as tiny. Using this resource, the project will be able to bring inflation under control while simultaneously increasing the deficit. There is a grant available from the Algorand Foundation to increase interoperability with Ethereum (ETH-USD), which is an extra point to consider. Strengthening the connectivity between these networks will be accomplished with the help of a cool ten million dollars. The price of ETH has surpassed $3800 again. Although the price of ALGO will respond with a delay, the climb is expected to be just as thrilling as it was before.

Shiba Inu

An gain of more than 200% has been brought about in the Shiba Inu (SHIB-USD) token over the course of the last seven days. Furthermore, the primary meme currencies had an increase in value, although SHIB beat its rivals in terms of performance.

It is possible to explain the coin's doubling in value by referring to its reputation as a highly volatile instrument that may be used for quick growth during a bull market. Therefore, on March 5th, the market value of the project surpassed the threshold of $26 billion. Over the same period of time, the daily trade volume reached a total of $12.3 billion. The indicators of Solana (SOL-USD), Cardano (ADA-USD), and Polygon (MATIC-USD) are all surpassed by this.

The Relative Strength Index (RSI) is steady, the token is trading above its 30-day moving average, and it satisfies the requirements for the finest cryptocurrencies on the market that are priced at less than one dollar. There is a degree of resistance at $0.00004729, according to the experts. In the event that it is conquered, SHIB will change to between $0.00005939 and $0.00008514.

Even if the platform has made tremendous progress in terms of market performance, it is still in the process of developing. Considered to be one of the most recent innovations is the Shib Name Service. In a manner similar to that of the Ethereum Name Service, it has the ability to ease adaption and enhance the user experience. Words are used by participants rather than collection of numbers and letters (also known as wallet addresses).

#TrendingTopic #SHIB #xrp #ALGORAND