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Educational Post What Are Validiums? Validiums are scaling solutions for Ethereum that use off-chain data availability and computation to process transactions more efficiently. Unlike zero-knowledge rollups (zk-rollups), which store some data on-chain, validiums keep transactions off-chain while using zero-knowledge proofs (ZKP) to verify their validity. How Do Validiums Work? Validiums operate by executing transactions off the Ethereum mainnet, leveraging smart contracts on Ethereum to ensure their validity and integrity. Let’s walk through some of the key aspects of validiums. Transactions When a user wants to make a transaction using a validium, they send it to an operator. Operators are nodes responsible for executing transactions on the validium chain. They could be a single entity or a group of entities chosen through a proof-of-stake (PoS) system. The operator collects transactions into a batch and processes them off-chain. Once the batch is ready, the operator uses a special system called a proving circuit to create a proof that the transactions were performed correctly. State commitments Imagine Validium’s state (the record of all accounts and their balances) as a big tree, known as a Merkle tree. The root of this tree, called the state root, is like a fingerprint that represents the entire state. This state root is stored on Ethereum. When the operator processes transactions, they update the state root to reflect the new balances and account states. Then, they send this new state root along with the proof that everything was done correctly to the Ethereum mainnet. Unlike zk-rollups, block producers on a validium don’t need to publish all the transaction details on Ethereum. If Ethereum verifies the proof, the new state is accepted, and the validium is updated. Users can deposit their funds from Ethereum to a validium by sending ETH or other tokens to a special contract on Ethereum. The contract communicates this deposit to the validium off-chain and credits the user’s off #EarnFreeCrypto2024 #btc $BTC $SOL
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Educational Post What Is Binance Megadrop? Binance Megadrop is a token launch platform that combines elements of Binance Simple Earn and the Binance Web3 Wallet to create an innovative airdrop experience. The platform is designed to provide users with early access to new token projects and a variety of ways to earn rewards. With Binance Megadrop, users can subscribe to fixed-term products, complete Web3 quests, and receive token rewards proportional to their accumulated scores. Key Features of Binance Megadrop 1. Early access to token projects One of the main features of Binance Megadrop is giving users early access to selected Web3 projects before their official listing on the Binance exchange. This allows users to get involved in promising projects at an early stage, potentially benefiting from future growth and development. 2. Integration with Binance Simple Earn Binance Megadrop is closely integrated with Binance Simple Earn, a feature that allows users to earn rewards by locking their BNB in fixed-term products. By subscribing to these locked products, users accumulate points that determine their reward allocation in the Megadrop program. The longer the lock period and the more BNB locked, the higher the score and potential rewards. 3. Engagement through Web3 quests Another significant aspect of Binance Megadrop is the inclusion of Web3 quests. These quests are designed to engage users and encourage them to learn more about the blockchain ecosystem. By completing tasks within their Binance Web3 Wallet, users can boost their scores and earn additional rewards.
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