What Is Fantom (FTM)?

Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.

Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.

The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.

Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum. Fantom has the goal of overcoming the limitations of previous generation blockchains and balancing three components: scalability, security and decentralization. The project offers a set of tools to simplify the process of integrating existing DApps, as well as a detailed staking reward system and built-in DeFi instruments.

Fantom is a Layer-1 blockchain that uses a scratch-built consensus mechanism and independent consensus layer, Lachesis, to facilitate DeFi and related services on the basis of smart contracts. Lachesis provides security for other layers as well, including Opera, Fantom's EVM-compatible smart contract chain. The long-playing mission of the project is to “grant compatibility between all transaction bodies around the world.”

One of Fantom's key strengths is its performance and efficient transaction processing, namely thousands of transactions per second, where transactions are settled in 1-2 seconds, and the cost is fractions of a cent per transaction. As a result, Fantom provides higher scalability but at a lower cost.

The ecosystem is based on two main technologies: Lachesis protocol and Opera.

The Lachesis protocol is the core consensus layer that secures the Fantom network by providing both transaction speed and security.

Lachesis is an aBFT consensus engine that uses a directed acyclic graph (DAG) algorithm. How it works: network data can be processed at different times, and the network filters the participants, allowing only one third, which are allocated due to erroneous or malicious behavior, without compromising network processes.

Fantom's Asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake (PoS) consensus mechanism maintains the efficiency of the entire network, its design provides security at maximum speed. Fantom developers emphasize that the PoS mechanism is a leaderless phenomenon — there are no leaders of blocks and participants, and anyone can join (or leave) the network of nodes at a convenient moment.

The key qualities of Lachesis are: asynchronous, leaderless, Byzantine fault-tolerant, and near-instant finality.

As for Opera, it's an application development layer or Fantom's mainnet deployment platform, permissionless and open-source hosting DApps. Thanks to EVM integration and support for the Solidity programming language, Fantom has a full set of smart contract capabilities, which allows users to seamlessly interact with Ethereum platforms while maintaining the advantage of Fantom's transaction efficiency.

The Fantom Foundation concluded that removing block leaders improves network security, so Opera uses a PoS model and leaderless validators (validators do not determine which blocks are valid).

In addition to being a fast, secure and cheap payment platform that enables to make fast and secure payments at minimal cost, Fantom also features on-chain governance where users vote with FTM tokens (one token equals one vote). Of the features: users have the right to express the degree of agreement / disagreement on a scale from 0 to 4.

FTM is the native utility in-house PoS token of Fantom that powers the ecosystem and is applied for payments, network fees, staking, and governance. FTM forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.

Who Are the Founders of Fantom?

The Fantom Foundation was founded by South Korean computer scientist Dr. Ahn Byung Ik. Currently, the platform’s CEO is Michael Kong.

The team behind Fantom has extensive experience primarily in the field of full-stack blockchain development, and aimed to create a smart contract platform which privileges scalability, decentralization and security.

According to its official website, Fantom’s team also consists of specialist engineers, scientists, researchers, designers and entrepreneurs. Employees are located throughout the world, matching the ethos of a distributed platform.

What Makes Fantom Unique?

Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.

The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional proof-of-stake (PoS) algorithm-based platforms.

Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”

Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.

Through token sales in 2018, Fantom raised almost $40 million to fund development.

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According to Tether's CTO Paolo Ardoino, the company is using the power of Bitcoin and Uruguay's renewable energy capabilities to pioneer sustainable and responsible Bitcoin mining:

“Our unwavering commitment to renewable energy ensures that every Bitcoin we mine leaves a minimal ecological footprint while maintaining the security and integrity of the Bitcoin network. Tether is proud to lead a movement that combines cutting-edge technology, sustainable practices and financial innovation.”

Tether is also preparing to in renewable energy sources to support and promote sustainable Bitcoin mining, which is an essential component in maintaining the world's most robust and secure currency network.

To achieve this goal, the company reported that it is actively trying to strengthen its team by recruiting experts in the energy sector.

Uruguay stands out as a global leader in renewable energy, with 94% of its electricity production from renewable sources, primarily wind and solar power. With abundant natural resources, Uruguay offers ideal conditions for renewable energy generation, facilitating the establishment of wind farms, solar parks and hydroelectric projects, ensuring a consistent supply of clean and environmentally friendly energy.

According to the statement from the Tether official blog, this solid foundation provides an excellent platform for Tether to start its Bitcoin mining operations, providing efficient and sustainable operations.

Tether also holds $1.5 billion worth of Bitcoin as part of its reserve assets and plans to invest 15% of its profits in Bitcoin as part of its new investment strategy.

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What is Double Bottom in Trading ?

Double #Bottom is a technical chart pattern commonly used in trading analysis considered as #bullish reversal pattern that forms after a #downtrend, indicating that the market may be ready to #reverse its direction.

The pattern forms when the price reaches a low point, then #rebounds, and then declines again to the same low point as before. However, it fails to break through this level and rebounds again, forming a #second bottom at the same price level. The two bottoms are usually connected by a line, forming a horizontal #support level.

This pattern signals that the selling #momentum has been exhausted, and the bulls/ buyers are #gaining control of the market. #Traders who recognize this pattern may look to buy or go long, betting on a potential #price increase.

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Pepe'nin çoklu imzalı cüzdanının ele geçirilmesi, yaklaşık yüzde 20 düşüşe neden oldu. PEPE'nin çoklu imza korumasının zayıflaması ve kontrat sorunları, değer kaybına yol açtı. Bu olay, memecoin piyasasını etkileyerek endişelere neden oldu. PEPE'nin son 24 saatteki düşüşü yüzde 20,66 oldu ve değeri 0,00000078 dolara geriledi. Olası hack riski ve Rug Pull endişeleri, genel piyasayı ve memecoin'leri etkileyebilir. PEPE, Binance listelenmesi sürecindeki dalgalanmanın ardından riskleriyle dikkat çekiyor.

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How to Use Instagram Threads: A Comprehensive Guide

Instagram Threads is an exciting new app that aims to revolutionize how we connect and share on social media.

Developed by Meta, the parent company of Instagram, Threads offers a unique and streamlined experience for users who want to engage in real-time conversations and share updates with their friends and followers.

In this comprehensive guide, we will explore how to use Instagram Threads and its key features and provide valuable tips to help you make the most out of this innovative platform.

Source: Threads by Instagram

What is Instagram Threads?

Created by the Instagram team at Meta, Threads is a text-based conversation app that allows users to share short posts of up to 500 characters.

Furthermore, these posts can include links, photos, and videos up to five minutes in length.

Threads is seamlessly integrated with your existing Instagram account, making it easy to connect with the people you already follow on Instagram.

With Threads, you can create a positive and creative space to express your ideas, just like on Instagram.

Getting Started with Instagram Threads

To begin using Instagram Threads, download the app from the Apple App Store or Google Play Store.

Once installed, follow these simple steps to get started:

Launch the Threads app on your device.

Sign in using your Instagram account credentials.

Choose whether to manually import your profile information from Instagram or customize your bio, link, and profile picture.

Select the privacy settings for your profile—whether you want it to be public or private.

Follow the prompts to connect with those you already follow on Instagram, or skip this step.

Tap “Join Threads” to complete the setup process.

Congratulations! You are now ready to explore the exciting world of Instagram Threads and start sharing your thoughts, updates, and conversations with your friends and followers.

Source: Threads by Instagram

Navigating the Thread Interface

Once you have successfully set up Instagram Threads, you will find yourself in the app’s intuitive interface. Here’s a breakdown of the key sections and features you’ll encounter:

Home Feed

The Home Feed is the main screen of Threads, where you will find all the posts from the people you follow.

Like Instagram, the Home Feed is algorithmic, showing you a mix of posts from friends and recommended content.

Additionally, you can like, reply to, or repost a thread directly from the Home Feed.

Source: Evening Standard

Search and Explore

Threads allow you to discover new accounts and content through its Search and Explore features.

Furthermore, you can find recommended accounts and explore trending topics using the search bar. This feature helps you connect with new creators and find interesting, engaging threads.

Composing a New Thread

To create a new thread, tap the “Compose” button at the bottom of the screen.

From there, you can enter your text and add links, photos, or videos to make your thread more engaging.

Additionally, Threads supports videos up to five minutes long, giving you ample room for creativity.

Notifications

The Notifications tab updates you on the latest interactions and activities related to your threads.

You’ll receive notifications when someone likes, replies, or reposts your thread. This section helps you stay connected and engaged with your followers.

Profile

Your profile is where you can view and edit your Threads profile information. You can access it by tapping your profile picture in the top left corner.

You can update your bio, profile picture, and privacy settings from here.

Key Features of Instagram Threads

Instagram Threads offers several unique features that enhance the user experience and make it a standout platform. Let’s explore some of these key features:

Real-time Updates

Threads differentiates itself by providing a dedicated space for real-time updates.

Furthermore, whether you’re a creator or a casual poster, Threads offers a separate space for sharing text-based updates and engaging in public conversations.

This feature lets you stay connected with your friends and followers more immediately and personally.

Seamless Integration with Instagram

One of the major advantages of Instagram Threads is its seamless integration with the main Instagram app.

By using your existing Instagram account to log in, you can effortlessly follow and connect with the same accounts you do on Instagram.

This integration ensures a smooth transition and allows you to maintain your follower base without starting from scratch.

Source: Gadgets 360

Privacy Controls

Privacy is a top priority for Instagram Threads. The app offers a range of privacy controls to ensure you have control over your audience.

You can choose a public or private profile to decide who can view your threads.

Additionally, you can control who can mention you or reply to your threads, giving you a personalized and secure experience.

Safety Measures

Meta takes safety seriously, and Instagram Threads is no exception. The app incorporates the existing suite of safety and user controls available on Instagram.

This includes blocking, restricting, or reporting profiles that violate community guidelines. Instagram’s commitment to user safety extends to Threads, creating a positive and secure user environment.

Compatibility with Interoperable Networks

One of the most exciting aspects of Instagram Threads is its compatibility with the ActivityPub protocol.

This open social networking protocol, established by the World Wide Web Consortium (W3C), allows Threads to be interoperable with other apps that support the protocol, such as Mastodon and WordPress.

This compatibility opens up new possibilities for connections and collaborations across different platforms and expands the reach of your threads.

Tips for Maximizing Your Instagram Thread Experience

Now that you have a good understanding of how to use Instagram Threads, here are some valuable tips to help you make the most out of your experience:

Share Engaging Content: Create threads that resonate with your audience by sharing interesting thoughts, stories, and updates. Use multimedia elements like photos and videos to make your threads visually appealing.

Engage in Conversations: Threads is designed for real-time conversations. Take advantage of this feature by actively participating in discussions and replying to comments on your threads. Engaging with your followers will help foster a sense of community and build stronger connections.

Explore and Discover: Use the Search and Explore feature to discover new accounts and threads that align with your interests. Engaging with diverse content will expand your horizons and expose you to new ideas and perspectives.

Utilize Privacy Controls: Take advantage of Threads’ privacy controls to customize your audience and ensure a safe and comfortable experience. Adjust your settings to control who can mention you or reply to your threads, and take advantage of the block and report features if needed.

Collaborate with Other Platforms: As Threads becomes compatible with other apps through the ActivityPub protocol, consider leveraging this interoperability to expand your reach and connect with users on different platforms. Cross-post your threads and engage with users from various social networks.

Conclusion: How to Use Instagram Threads

In conclusion, Instagram Threads offers a fresh and dynamic way to connect, share, and engage with friends and followers.

Additionally, with its seamless integration with Instagram, real-time updates, privacy controls, and compatibility with interoperable networks, Threads provides a unique social media experience.

Following the steps outlined in this comprehensive guide and utilizing the valuable tips, you can make the most of Instagram Threads and create meaningful connections with your audience.

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US inflation rose 0.4% in April, in line with expectations. On an annual basis, the CPI realized as 4.9%, reaching the lowest level of the last two years.

While the downward trend in US inflation continued on an annual basis, the first reaction in cryptocurrencies was upwards as the figure came relatively below expectations. Its total market cap is now at $1.15 trillion, up over 1% in the last hour.

After the inflation rate was optimistic, the expectation that the Fed would raise interest rates by 25 basis points on June 14 decreased, and the expectation that the interest rate would be kept constant in the next month continued to increase.

While Bitcoin was moving horizontally in the narrow band in the range of $ 27,500 - $ 27,700 today, with the announcement of the US CPI, it continued to rise and returned to the $ 28,000 band as of now.

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US lawmakers have drafted a bill calling for the establishment of a commission to determine an approach towards artificial intelligence. The bill, titled the National Artificial Intelligence Commission Act, aims to create regulations within the artificial intelligence industry.

The proposal was introduced by Representatives Ted Lieu, Ken Buck, and Anna Eshoo. It suggests the formation of a commission to develop a comprehensive framework for regulating artificial intelligence technology.

The bill aims to address potential risks associated with artificial intelligence technology. Ted Lieu highlighted the need to mitigate the risks posed by unregulated artificial intelligence in his statement regarding the bill. If the commission is established, it is expected that government officials and industry representatives will come together to address potential risks of artificial intelligence.

Merve Hickok, the Director of the Artificial Intelligence and Digital Policy Center, has also expressed support for the National Artificial Intelligence Commission. Hickok considers the establishment of the commission as an important step for the future and commends the efforts of Ted Lieu and Ken Buck. Additionally, Hickok urges Congress to swiftly take action on the National Artificial Intelligence Commission Act.

Artificial intelligence technologies have gained popularity in the past year, leading global regulators to express concerns about the risks associated with the technology. Many technology leaders have also begun taking steps to slow down the development of artificial intelligence technologies.

Elon Musk recently signed a document calling for the deceleration of artificial intelligence development. Sam Altman, the CEO of OpenAI, has also expressed concerns about the need for effective regulation within the artificial intelligence industry.

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Bhutan Krallığı, Bitdeer Technologies Group ile işbirliği yaparak 600 megavatlık bir kripto madencilik çiftliği kurma planları yapıyor. Bu adım, Bhutan vatandaşlarına modern küresel ekonomiye katılma fırsatları sunma amacı güdüyor. Bhutan'ın çevre dostu ve ekonomik enerji kaynaklarına sahip olması, Bitcoin madenciliği için uygun bir yer olarak görünmekte. İlk 100 megavatlık madencilik operasyonlarının Eylül ayında başlaması beklenmektedir ve bu kapasitenin önümüzdeki üç yıl içinde 600 megavata çıkması hedeflendi. Bhutan yetkilileri, enerji ihtiyaçlarına öncelik verileceğini ve güç üretiminin düşük olduğu kış aylarında madencilik çalışmalarının kapatılacağını belirtti.#Bykaranteli #Binance #btc #Ethereum

Bitcoin Ordinals, a leading cryptocurrency exchange catering to institutional and retail investors, has witnessed a significant surge in trading volumes during the second quarter (Q2) of the year. The platform's robust performance and the increasing market interest in Bitcoin have contributed to a staggering $210 million in trading volumes, reflecting a growing demand for digital assets among investors. This article delves into the factors driving the surge in Bitcoin Ordinals' trading volumes, the implications for the cryptocurrency market, and the potential outlook for the future.

Rising Institutional Interest: Institutional investors have played a pivotal role in driving the increased trading volumes on Bitcoin Ordinals. As more traditional financial institutions, hedge funds, and asset managers recognize the value and potential of cryptocurrencies, they are allocating a portion of their portfolios to Bitcoin. The influx of institutional capital has bolstered trading volumes, bringing a higher level of liquidity to the market and attracting retail investors seeking to capitalize on the upward momentum.

Market Confidence and Stability: The growing trading volumes on Bitcoin Ordinals indicate an increasing level of market confidence and stability in the cryptocurrency space. As Bitcoin matures as an asset class, investors are gaining more confidence in its long-term viability and the potential for substantial returns. The recent price stability and the gradual acceptance of cryptocurrencies by regulators and financial institutions have also contributed to a more secure trading environment, attracting both new and seasoned traders to the platform.

Expansion of Trading Services: Bitcoin Ordinals' success can also be attributed to its efforts to expand its trading services and provide a seamless user experience. The platform has introduced innovative features, such as advanced order types, margin trading, and staking opportunities, which cater to the diverse needs of traders. By offering a comprehensive suite of trading tools and services, Bitcoin Ordinals has attracted a wide range of investors, further driving trading volumes.

Market Volatility and Trading Opportunities: The inherent volatility of the cryptocurrency market presents trading opportunities for active traders and investors. Bitcoin's price fluctuations, combined with its reputation as a store of value and potential hedge against inflation, make it an attractive asset for speculative trading. Traders on Bitcoin Ordinals capitalize on short-term price movements, engaging in active trading strategies that contribute to higher trading volumes.

Global Market Awareness: Increased media coverage and widespread adoption of cryptocurrencies have led to greater awareness and interest among individuals worldwide. The global market awareness of Bitcoin as a transformative technology and an investment asset has resulted in an influx of new users joining platforms like Bitcoin Ordinals. This growing interest from a diverse range of market participants has further fueled trading volumes on the platform.

Future Outlook: The surge in Bitcoin Ordinals' trading volumes signifies the continued growth and maturation of the cryptocurrency market. As digital assets gain wider acceptance and institutional adoption expands, trading volumes are likely to continue to rise. The ongoing development of regulatory frameworks, advancements in technology, and the entrance of new players into the market are expected to drive further growth and attract more participants.

Bitcoin Ordinals' trading volumes reaching $210 million in Q2 demonstrates the increasing interest and participation of investors in the cryptocurrency market. The surge in volumes is a testament to the growing confidence in Bitcoin as a viable investment asset and the increasing presence of institutional players. As the market continues to evolve and mature, exchanges like Bitcoin Ordinals play a vital role in facilitating secure and efficient trading experiences. The robust trading volumes not only reflect the rising market demand but also indicate a positive outlook for the future of cryptocurrencies, as they become increasingly integrated into the global financial sys tem.

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