Blockchain transactions require fund tracking for numerous reasons. First, it promotes financial openness and responsibility. Blockchain technology's decentralized, immutable ledger lets anyone track funds in real time. Every transaction is recorded and auditable by numerous parties, reducing fraud risk. Blockchain transactions allow businesses and investors to identify patterns and trends in fund flows, improving decision-making and risk management. Understanding the need of tracking fund flows in blockchain transactions is crucial for financial ecosystem trust and efficiency.
Blockchain transaction fund tracking requires on-chain analysis tools. These tools visualize transaction histories, addresses, and fund flows in real time. These tools allow financial institutions and regulators to monitor and detect money laundering and unlawful transactions. Tracking funds ensures compliance with legislation and blockchain network integrity, improving financial ecosystem openness and reliability.
Understanding On-Chain Analysis Tools
On-chain analysis tools refer to software or platforms that analyze and provide insights into the data recorded on a blockchain. These tools can track and monitor transaction histories, addresses, and the flow of funds in real-time. By utilizing various algorithms and techniques, on-chain analysis tools can identify patterns, anomalies, and potential risks associated with money laundering and other illicit activities. These tools play a crucial role in ensuring compliance with regulations and maintaining the integrity of the blockchain network by promoting transparency and accountability.
There are several types of #on-chain analysis tools available to provide comprehensive insights into blockchain data. One type is transaction analysis tools that examine individual transactions and their associated addresses to trace the movement of funds. Another type is clustering tools, which group together related addresses to identify patterns and associations. Additionally, there are risk scoring tools that assess the likelihood of illicit activities based on certain criteria. These different types of tools work in tandem to provide a holistic view of blockchain activities, enabling organizations and authorities to detect and prevent fraudulent or illegal activities effectively.
Include real-time monitoring of blockchain transactions, analysis of transaction patterns and trends, identification of high-risk entities and addresses, and generation of comprehensive reports and alerts. These tools also often include advanced analytics and machine learning algorithms to detect suspicious activities and anomalies, as well as integration with external databases and watchlists to enhance the accuracy of risk assessments. Overall, these tools enable organizations and authorities to stay ahead of emerging threats and take proactive measures to maintain the integrity and security of the blockchain ecosystem.
Fund Tracking Techniques
Fund tracking via the blockchain network uses complex software and algorithms. These methods can identify fund origins and destinations, trace money flow, and detect money laundering and terrorist financing. Organizations can identify funding sources and comply with regulations by examining transaction data and digital footprints. Authorities can then take action and hold unlawful financial transaction participants accountable.
Address clustering helps blockchain analysts follow capital flows. Using transaction patterns or commonalities, it groups addresses managed by the same entity or individual. Address clusters help investigators comprehend how funds move within the network and track their origin and destination. This detects unusual activity and supports legal action against financial criminals.
Transaction graph analysis is a crucial tool in combating money laundering and other financial crimes. By analyzing the connections and patterns within the network, investigators can pinpoint high-risk addresses and track the flow of illicit funds, even across multiple transactions and exchanges. This method helps authorities gather solid evidence and build a strong case against criminals, ultimately deterring future illicit activities and ensuring a safer financial system for all.
Chain analysis, also known as transaction chain analysis, examines an address or entity's full transaction history. It lets detectives track cash from one address to another, revealing how money flows through the network. Chain analysis helps law enforcement identify criminal network leaders and disrupt their operations by identifying illicit fund origins and destinations. Additionally, this method allows police to discover hidden connections and interconnections between criminals. Chain analysis is an effective method for tracing funds and fighting financial crimes.
Popular On-Chain Analysis Tools
Chainalysis is a leading on-chain analysis tool that specializes in tracking and tracing cryptocurrency transactions. It provides law enforcement agencies and financial institutions with the necessary tools to identify and investigate illicit activities conducted through blockchain networks. By analyzing patterns and flow of funds, Chainalysis can help uncover the identities of individuals involved in money laundering, fraud, and other criminal activities. This tool has gained popularity for its effectiveness in combating financial crimes and enabling authorities to take action against those responsible.
Additionally, the use of popular on-chain analysis tools ensures standardization and interoperability among different agencies, facilitating collaboration and information sharing in the fight against financial crimes.
#OnChain

In the rapidly evolving world of blockchain technology, #Fantom Network has emerged as a game-changing platform that offers scalability, decentralization, and secure smart contract capabilities.

Founded in 2018 by the Fantom Foundation, this innovative protocol utilizes the Proof-of-Stake ( #PoS ) model to protect its network.

With its proprietary Lachesis consensus mechanism at its core, Fantom supports multiple blockchain layers, building the way for a new era of scalable, safe, and decentralized infrastructure.

The recent bear market has taken a toll on many cryptocurrencies, but a handful of projects have managed to thrive despite the challenging market conditions.

One such project is Fantom Network, a #Layer 1 blockchain that has continued to fight, build and expand its ecosystem even in the face of new competitors entering the market.

Powered by its unique consensus mechanism called Lachesis, Fantom has positioned itself as a force to be reckoned with in the blockchain industry.

In this article, we will go into the various aspects of the Fantom Network, analyze its #on-chain metrics, and explore some of its top decentralized applications (dApps) to assess whether Fantom has the potential to outperform other Layer 1 blockchains in 2023.

What is Fantom Network?

Fantom Network is a scalable and decentralized smart contract platform that aims to provide a robust infrastructure for decentralized applications (dApps) and blockchain-based solutions.

Founded in 2018 by the Fantom Foundation, the network operates on its own consensus mechanism called Lachesis, which enables high throughput and fast confirmation times.

At its core, Fantom Network utilizes a proof-of-stake (PoS) model to secure the network and validate transactions.

This means that participants can stake their tokens and earn rewards for supporting the network’s operations.

The native currency of the Fantom Network is $FTM, which is used for various purposes within the ecosystem, such as paying transaction fees and participating in on-chain governance.

One of the standout features of Fantom Network is its compatibility with the Ethereum Virtual Machine (EVM), allowing developers to seamlessly port their existing Ethereum-based dApps to the Fantom platform.

This interoperability opens up a wide range of possibilities for developers and promotes the growth of the Fantom ecosystem.

With its scalable infrastructure and efficient consensus mechanism, Fantom Network aims to overcome the limitations of traditional blockchains, such as slow transaction speeds and high fees.

By providing a secure and scalable platform for dApps, Fantom Network aims to drive innovation and foster the adoption of decentralized technologies across various industries.

FTM, an ERC20 token serving as the native currency of the platform, plays a crucial role in securing the network through a proof-of-stake system.

As with many cryptocurrencies, $FTM faced challenges during recent turbulent times.

Read more: https://perseuscrypto.com/layer1/fantom-network-scalable-and-decentralized-smart-contract-platform/

#Write2Earn Dogecoin price has recovered, jumping by 11% overnight amid a massive resurgence in the trading volume and memecoin sentimentDogecoin ($DOGE ) price has entered the bullish zone and it is leading a new memecoin revolution today as it has maintained its bullish resurgence since the news of X Payments accounts was reported on July 20. At the time of writing, the memecoin is changing hands at a price of $0.08818, up 11.13% in the past 24 hours. #DogecoinPrice and #on-chain OutlookCurrent on-chain data shows that Dogecoin rose from a 24-hour low of $0.07899 to the level it now trades at. The revival recorded within this timeframe was spurred in part by the parabolic jump in trading volume. This metric has risen by 289.72% bringing the total volume of DOGE traded to $1,303,078,319.Dogecoin has played the underdog for some time especially in the memecoins world as alternative tokens, especially those from the #Solanaecosystem  took center stage. While the Dogecoin price has recorded only a minor growth of 14.71% in the past 6 months, one of its core rivals $BONK has jumped by 3,437% in the same period.The current bullish outlook in Dogecoin price is complementary to the whale activity in the network at the moment. The memecoin’s whale volume, per data from #IntoTheBlock , has jumped by 21.25% to $1.21 billion. This rare resurgence has placed Dogecoin in the spotlight at a time when Bitcoin’s large transaction growth dropped by 44.27% to $20 and Ethereum’s nosedived by 42.83% to $2.4 billion.The recovery in Dogecoin’s price has helped it erase the majority of its losses in the trailing 7-day period. This brings its weekly growth to a positive 6.6% from a loss of over 10%. This sentiment might trigger a memecoin revolution across the board.Bullish Standards Set for $SHIB , PEPE and BONKThe recovery in Dogecoin price has further uplifted the bullish sentiment in the memecoin world as many competing tokens are now wriggling out of their long-drawn losses from the past week. Shiba Inu (SHIB), riding on potential milestones on Shibarium has jumped 1.81% to $0.000009529. Should this tempo be sustained, the memecoin might be on its way to erase one zero from its price to $0.00001.While BONK is currently up by 2.91% to $ 0.00001186, PEPE has grown by 3.31% to $0.000001152, complementing the broader bullish trend in the memecoin world.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice.

Here are some on-chain, fundamental, and technical signs that, according to recent analysis, point to a continued rise in the price of #Dogecoin (DOGE):On-chain signals:Uncommon on-chain pattern. A recent research claims that $DOGE is displaying an unusual on-chain pattern that points to a potential price increase of 23,200%.On-chain fractals. On-chain fractals are still positive, suggesting that the rise may continue at a high level over time.Indicator for Hodler, Cruiser, and Trader: The Hodler, Cruiser, and Trader indicator tracks the distribution of #cryptocurrency by displaying the value of coins in relation to each category since its historical inception.Institutional adoption: DOGE's widespread institutional adoption as a payment method in 2021 and 2022 were key fundamental signs. We might anticipate even more merchants embracing DOGE as a form of payment in 2023.Technical signs:#Trading signals: To forecast a price's course, DOGE traders employ a variety of trading signals and technical indicators.Bullish influence: The technicals and #on-chain fractals are still bullish, indicating that the rally may continue to rise over time.The price of DOGE could move quickly in response to market conditions and other reasons because the #crypto industry is very volatile. While these signs point to a possible rise in DOGE.$BTC $BNB

The crypto market is on fire! The price of Bitcoin (BTC) has fallen back below $30,000 on July 18, surprising some retail investors. But stop there! Not everything is lost! On-chain data suggests that this drop is not necessarily a sign of a long-term trend change.

Despite the uncertainty, there are reasons to remain hopeful. Buyers appear to be using the $28,000 to $25,000 zone as an accumulation area, indicating confidence in the market. According to Glassnode's Bitcoin Accumulation Trend Score, this accumulation activity is similar to that seen in the past near $24,000 and even at the bottom of $16,800!