Thank you all for your attention, I now have 139 active fans, I am so happy, I love you!

When the number of fans exceeds 1000, I will send you a 1000u red envelope🚀

Thank you Binance Hehe
#BTC走势分析 #5月市场关键事件

I submitted it, thank you Binance Dad for the 7th anniversary gift
#币安七周年

#bome潜力无限
bome's air force and long force are 1:1
Even a fool knows that there will be a big positive line that will pull the air force and then fall straight down to eat the long force!
🈶The currency of the institution is all like this, it depends on whether you have the ability to grasp it!
$BOME

$FOTV is about to go online!
The official has operated multiple IPOs and IDOS, and has rich community resources and marketing resources.
From today, the IDOS of $FOTV will be officially launched.
The total amount is 10ETH
The maximum personal amount: 0.5ETH
The minimum personal amount: 0.1ETH
The IDOS period is from 12:00 noon on July 30th to 12:00 noon on August 10th
IDOS donation address (erc20): 0xF51C9C918AcbEfAD8f5cAe5A802ed4390f03a79b
The project party will not set up a rat warehouse!
The project will provide funds for marketing and raise funds to obtain the quota!
Let us welcome the arrival of $FOTV together🚀🚀🚀#btc#eth #meme#病毒🦠

Investment is risky and does not constitute investment advice! ! !

$BTC
BTC will return to 58,000 within a week
I said, even if a god came, it would still be 58,000
#BTC☀ #门头沟事件

#币安周边
Thank you Binance, the peripherals have arrived, a four-piece set, very stable!
I hope Binance will get better and better!
@CZ @Yi He @Binance

https://x.com/yangcryptoreal/status/1801045472045621663?s=46

I hope my fans can go to Twitter and click and retweet for me. This is very important to me. Thank you everyone🙏🙏🙏

I have collected my $rdnt and earned 10 points. I don’t want to take it anymore. I really feel that the project owner is just a bull, operating blindly and without any management…

3) Framework for analyzing Bitcoin scaling solutions🔻

While we have featured some of the larger Bitcoin scaling projects in this report, readers should note that the actual number of such projects has been high this year and is increasing every week. The following points need to be considered when trying to distinguish and evaluate different Bitcoin scaling strategies:

1<Trustless two-way bridge: One of the key points in the Bitcoin L2 debate is the bridge between Bitcoin L1 and L2. Due to the limited smart contract capabilities of Bitcoin, a trustless two-way bridge is not currently possible.

This means that some form of centralization is usually required to transfer assets from Bitcoin to L2 and back. This may come in the form of a federation (i.e., multi-centralization)

How Bitcoin L2 handles this fundamental issue is an important aspect to monitor when evaluating different projects. Robin Linus introduced BitVM in a December 2023 paper, proposing a solution for Bitcoin smart contracts that enables it to perform more complex operational calculations.

BitVM may be able to provide a more trust-minimized way to solve the two-way trustless bridge problem (discussed in detail below)

2<Relationship and consistency with Bitcoin base layer: Bitcoin L2 should maintain close economic consistency with Bitcoin and adopt a number of feasible strategies, including using native BTC as collateral or BTC as GAS.

This move may cast the widest net over the existing user base, including some members of the Bitcoin community who are more concerned with currency transaction functions.

Bitcoin L2 may choose to maintain consistency by using Bitcoin blocks for transaction settlement, data availability, and even execution in some cases.

3<Fork requirements: Some Bitcoin scaling proposals, both before and after the emergence of Ordinals, have proposed solutions that require Bitcoin to change in the form of hard forks or soft forks.

As we have previously emphasized, Bitcoin is generally quite slow to change and has only experienced two soft forks in the past seven years (SegWit in 2017 and Taproot in 2021)

Many projects have chosen to build on Bitcoin L2, or integrate existing solutions from other projects, rather than consider further congestion of L1 to be the optimal solution for these solutions.

🔻Even if one argues that Bitcoin should only be used for monetary transaction purposes, L2 is still needed. Last year, 152 million transactions took place on Bitcoin.

If we expect at least 2% of the world's population, or 160 million people, to make 10 Bitcoin transactions per year, that's 1.6 billion transactions.

Further, Bitcoin only recently broke the 1 billion transaction mark. If users are already complaining about rising fees driven solely by transaction volume, then there is clearly a problem.

If true global mass adoption is indeed the goal of Bitcoin, then it is clear that at least some Bitcoin scaling solution is necessary.

When we consider these factors together, the need for a strong Bitcoin scaling solution becomes obvious.

However, we should note that the current Bitcoin L2s are still relatively new narratives in the industry, and it is unclear whether they will ultimately win out as the optimal solution, or if a new winner will emerge in the next few years.

(2) Potential market space for BTC L2 🔻

To consider the potential market space for Bitcoin L2 opportunities, we can refer to Ethereum, which is the largest smart contract L1 and adopts an L2-centric scaling solution (rather than Solana, which is more focused on scaling L1 itself)

Ethereum's current market value is about $446 billion, and its various L2 solutions have a TVL of about $450, that is, L2 solutions account for about 10% of Ethereum's total market value.

Similarly, Bitcoin's current market value is about $1.4 trillion, and its relatively small L2 solutions currently have a TVL of about $2 billion. This accounts for about 0.13% of Bitcoin's market value.

The TVL of the leading Ethereum L2 Arbitrum One is about $18 billion, accounting for about 40% of Ethereum L2. By inference, if the Bitcoin L2 market grows to about $14 billion, the largest L2 may be about $6 billion.

📍If the Bitcoin L2 market grows to similar proportions as Ethereum (i.e. 10% of Bitcoin’s value in L2), then the TVL of the largest Bitcoin L2 could exceed $60B.

Of course, some of these teams are very focused on scaling. While some of the original OGs in the market (including Stacks) continue to innovate, we also have a group of new builders who are making their first forays into the world of Bitcoin scaling.

In this report, we will focus on this aspect of the Bitcoin scaling narrative. How can we evolve to adapt to the evolving ecosystem and build Bitcoin to a level that can sustain true mass adoption?

In this report we will discuss the problems and solutions surrounding Bitcoin scalability, diving into Rollups, sidechains, state channels, and more.

- Why Bitcoin Scaling Solutions Matter❓

(1) Why We Need to Scale Bitcoin❓

Achieving Bitcoin scalability through L2 or other forms of scaling solutions is not a new topic. This discussion has been going on as early as 2009, when Satoshi Nakamoto implemented a 1MB block limit on Bitcoin.

The 2017 Segregated Witness soft fork upgrade was an important node in the scalability debate, and subsequent solutions such as the Lightning Network, Stacks, and Rootstock have been building solutions based on this for many years.

However, some recent developments have brought this discussion to a new level. At the heart of the new Bitcoin era is the introduction of standards for fungible and non-fungible tokens through the emergence of Ordinals, Inscriptions, BRC-20 tokens, and Runes

This has a very direct impact on Bitcoin’s on-chain transaction fees, with average Bitcoin transaction fees rising 175% from $1.5 to $4.2 between 2022 and 2023.

This trend is still continuing, with average Bitcoin transaction fees reaching $9 in 2024. This phenomenon also directly highlights the importance of Bitcoin’s scaling solutions.

The rise of the concept of inscriptions has helped Bitcoin usher in a renaissance in the ecosystem. Many new Bitcoin projects have either been launched in the past year or are currently raising funds and developing. 🔺

These projects include a variety of solutions, whether they are projects focused on creating trading markets on Bitcoin or focusing on introducing other primitives such as staking and re-staking to the largest crypto projects.

All of these new projects have or are expected to contribute to the Bitcoin block space, and therefore also affect fees.Bitcoin L2 is critical to these projects.

BTC L2 Research Report: The overall market value of L2 is only 0.1% of BTC's market value❓ Inventory of current mainstream solutions

This article is a full translation based on yesterday's outline. The full text is 14,000 words. Builders who are interested in the Bitcoin ecosystem need to spend time reading it

List the genealogy of most Bitcoin expansion solutions currently on the market. Even if I usually pay more attention to infrastructure, I have benefited a lot (because I may have paid more attention to the Ethereum system originally)

Titles and subtitles of this article🗝️
1. Preface
2. Why is the Bitcoin expansion solution important?
2.1 Why do we need to expand Bitcoin?
2.2 Potential market space for BTC L2
2.3 Analysis of mainstream solutions for Bitcoin expansion
3. Overview of Bitcoin expansion solutions
4. Outlook and conclusion

At the same time, the translation of this article took a lot of energy. If it is really helpful to you, thank you for your three-in-one support🙏🏻

- Preface📍
Although Bitcoin is still the largest core asset in the crypto field, it still lags behind in scalability, programmability, and developer interest.

However, things have changed.

Casey Rodarmor’s introduction of Inscriptions in December 2022 was a key turning point, leading to the rise of the Inscriptions market and the subsequent hype cycle of Bitcoin NFTs in 2023.

All of a sudden, Bitcoin’s block space was in greater demand than ever before, and fees soared. The community then innovated further and found a way to put fungible tokens on top of Bitcoin, namely BRC-20.

This frenzy continued, and the impact on Bitcoin became more and more obvious. Recently, we also saw the launch of the Rune Protocol, a more efficient and simpler way to place fungible tokens and encourage Meme activity on Bitcoin.

The resurgence of the Bitcoin derivative ecosystem means that there is now a whole new group of users, developers, traders, and even speculators who are more interested in Bitcoin than ever before.

The financing and development enthusiasm of the Bitcoin ecosystem is something we have never seen in the past, and we have even seen some builders transition from developing "Bitcoin killers" to the Bitcoin ecosystem process.

It has been about 10 days since I held $rdnt.

The total amount of $rdnt has increased from 520 million to 563 million. This is far more than 1 million released a day. On average, there are more than 4 million a day. What's going on?

Why did the amount released suddenly become so large? Shouldn't the release be fixed every day? How come the amount released is several times larger when the price rises slightly? I am a little shaken. Can I still hold this coin? Do I dare to hold it? Although it is true that lending will definitely improve greatly in the bull market, this emission model looks a bit like cutting leeks. I am very entangled and don't understand his gameplay...

#BTC走势分析 #meme板块关注热点 #rdnt

$RDNT Big brother does have something. I hope I don’t get on the tail end of the train this time. I’m not greedy. I’ll withdraw when I double my profit!!!

#5月市场关键事件 #BTC走势分析 #meme板块关注热点 #rdnt

I am now more certain that the big guys told me to buy $rdnt for a reason

First, $rdnt is obviously oversold, and the bottom position is quite obvious!

Second, $rdnt has just launched the weETH market, and it is in the leading position. At the very least, it can attract some heat

Third, $rdnt is full of FUD in the market. The big guys said that the opportunity has come. If it is all FUD, it is not far from all FOMO. Let me make it as much as I can, hahahahaha!

In fact, it is that simple. I just bought at the lowest position. Regardless of whether it rises or falls, I occupied a congenital advantageous position when I entered the market in the first wave. Brothers, wish me good luck!

#BTC #ETH #5月市场关键事件 #山寨币热点 #rdnt

I am here to buy rubbish $rdnt. Sorry guys, there is a real guy here who has been buying rdnt, and then let me get on board and cover my losses. Sorry guys, I am going to leave. You must not follow me to buy. After all, if I lose money, someone will pay for it. You just watch me lose money silently.

The main thing is that if I lose money, it will be his fault, and if I make money, it will be my own. Why not do it^_^#ETH #山寨币热点 #5月市场关键事件 #rdnt

It is indeed issued more. Although $rndt is issued to increase rewards for users, it is issued more and released every day. Sooner or later, it will be destroyed. Even the gods can't save it. Those who have coins should sell them quickly. I will continue to pay attention to $rdnt until it returns to zero, hehe

#BTC #ETH #rdnt

Have you guys made money? I didn’t make any money in this wave of market manipulation, so I feel bad…

#BTC突破7万大关 #以太坊ETF批准预期 #BTC #ETH

Fortunately, I took profit on that short position at 3050. If I had been greedy for another day, I would have seen the text message in the morning. Oh my god, fortunately, fortunately, I was scared to death………….

#BTC走势分析 #ETH #以太坊ETF批准预期