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HMSTR Token: How Much Can You Earn? 🚀
#HMSTR
Wondering how much you could make with $HMSTR tokens? Here’s a quick breakdown:
For every 1,000 PPH, you’ll get 1 $HMSTR. Right now, estimates suggest 1 $HMSTR could be worth $0.015.
Example:
- 1 million PPH = 1,000 $HMSTR tokens
- If $HMSTR is $0.03, you’d make $30.
- If it rises to $0.10, you could earn $100! 🚀
You can also increase your earnings by joining the Earn Section and other activities. But remember, these are just estimates—always DYOR (Do Your Own Research)!
#BinanceLaunchpoolHMSTR #NeiroOnBinance #HamsterKombat #BinanceTurns7
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Binance Announcement
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New Dual Investment Products Launched (2024-02-06)
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance has launched a new batch of Dual Investment products with updated Target Prices and Settlement Dates, where users can utilize our Sell High or Buy Low products.
Subscription format: First-come, first-served basisCheck out the new Target Prices and Settlement Dates in the link below
Earn Rewards With Dual Investment!
Dual Investment provides access to Buy Low and Sell High products with your selected price at your selected date in the future, without any fees. Subscribe to Dual Investment products to enjoy rewards on a selection of popular cryptocurrencies.
SELL HIGH
Target Users:
Users who want to accumulate high rewards on the cryptocurrency holdings, or Users who want to sell the Deposit Currencyfor a higher price in the future, compared to the market price on the subscription date
Deposit CurrencySell ForSettlement DatesBTC, ETH, BNB, SOL, XRP or any of the other 13 tokensUSDT or FDUSD2024-02-092024-02-132024-02-162024-02-232024-03-292024-05-312024-06-282024-07-26ETHBTCBNBBTC or ETH
BUY LOW
Target Users:
Users who want to accumulate high rewards on stablecoin holdings, or Users who want to buya cryptocurrency for a lower price in the future, compared to the market price on the subscription date
Deposit CurrencyCryptocurrency to BuySettlement DatesUSDT or FDUSDBTC, ETH, BNB, SOL, XRP or any of the other 13 tokens2024-02-092024-02-132024-02-162024-02-232024-03-292024-05-312024-06-282024-07-26BTCETH or BNBETHBNB
How to Get Started with Dual Investment:
Go to the Dual Investment page.Select the cryptocurrency you would like to buy or sell.Choose whether you want to “Sell High” or “Buy Low”.Select your desired price (“Target Price”) and desired date (“Settlement Date”) to buy or sell.Input your subscription amount.Choose to enable or disable the Dual Investment Auto-Compound feature with the toggle button and complete the subscription.
Do check out the Dual Investment Beginner Modeto get a step-by-step guide through the subscription process for Dual Investment products.
More information about Dual Investment, including a glossary and detailed calculation methodology, can be found here.
Notes:
Dual Investment may stop accepting new subscriptions at any time.APR will change in real-time depending on market fluctuation before the subscription, but will be locked in once the subscription is confirmed.Dual Investment products cannot be redeemed before the Settlement Date. Deposit Currency refers to the currency used to subscribe to a Dual Investment product.Settlement Date refers to the date on which transactions and redemption will take place.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-02-06
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6 spot Bitcoin ETFs start trading tomorrow

#BitcoinETF💰💰💰
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Analysts Name Top Cryptos to Buy Before the Bitcoin ETF Approval
Marked by surges in both trading volume and market capitalization, a notable rally is gripping the cryptocurrency market. The bullish trend is prevailing across multiple digital assets like Bitcoin (BTC), Pepe Coin, and BONK. The overall optimism is intensifying in anticipation of the Bitcoin Buffer ETF which is expected to enhance security for the U.S.-based Exchange-Traded Product (ETP) transactions. Top altcoins such as Solana (SOL), Cardano (ADA), Aptos (APT), Sui (SUI), Dogecoin (DOGE) and ScapesMania are emerging as significant players in this dynamic landscape, reflecting the broad underlying positivity.

Ride The Wave Of Innovation With ScapesMania

While some are facing an uncertain future, the trajectory of a presale project is far easier to predict. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry. A wide range of features paired with the best technology, a professional team, and a long-term, highly ambitious vision can make ScapesMania the next big thing in crypto. Presale discounts and stage bonuses only add to the project's appeal.

Presale is Live Now – Join Now for a Chance to Benefit with MANIA

Backed by an award-winning developer crew, ScapesMania stands for transparency: every member’s social media profile is public. The project can achieve this not just by bringing big innovation to the game, but by putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is what makes ScapesMania the project with a bright future ahead.

Presale is Live, Learn More About Major Benefits

Solana (SOL): A Resurgence in Market Dynamics

With its price soaring to unprecedented levels, Solana (SOL) exhibits an impressive recovery – the surge stems from its bustling ecosystem and amplified engagement across its DeFi and NFT platforms, underlining the robustness of operations on Solana. The bullish momentum in the Solana (SOL) price is further bolstered by an enhanced regulatory environment and an escalated demand for SPL tokens, both through airdrops and transactions, along with increased network activity. 

The Solana (SOL) price is currently fluctuating between $42.09 and $74.4. The 10-day moving average stands at $71.17, while the 100-day moving average is at $38.88. The support level is found at $24.89, with resistance levels lying at $85.34 and $115.56.

Solana (SOL) integrates with diverse platforms while its entire ecosystem burgeons – all indicating a positive trajectory. Yet, the task at hand is not without challenges: Solana (SOL) can face significant hurdles which are maintaining network stability and confronting competition with other blockchains.

Cardano (ADA): Riding the Wave of Market Optimism

Cardano (ADA) has witnessed a significant uptrend, with a 70% price increase in the past fortnight – this growth is partly fuelled by the overall bullish sentiment in the crypto market and Cardano’s (ADA) strong on-chain metrics, including a substantial increase in TVL and transaction volume.

The Cardano (ADA) price range is currently between $0.443 and $0.696. Its 10-day moving average is at $0.647 and the 100-day moving average is at $0.483. Support levels are at $0.038 and $0.291, with resistance levels sitting at $0.798 and $1.052.

Due to its robust blockchain network and increasing adoption, Cardano (ADA) promises a bright future, yet it has to actively navigate the competitive landscape – thus, a continuous innovation is crucial for maintaining the ongoing upward trajectory.

Aptos (APT): Defying Market Trends

Aptos (APT) has shown resilience, with its token value reaching a six-month high despite a significant token unlock.Backed by major investors, this layer-1 (L1) blockchain has demonstrated strong performance, having gained 20% in just a month.

For Aptos (APT), the current price range is set between $7.3 and $9.17. The 10-day moving average is at $8.37 and the 100-day moving average is at $7.77. Support levels are identified at $4.31 and $6.18, with resistance levels being observed at $9.92 and $11.79.

Given its robust support and innovative technology, Aptos (APT) seems to have a promising future, however, it will need to overcome certain barriers such as market volatility and competition from other L1 blockchains.

Sui (SUI): Pioneering Sustainable Blockchain Solutions

In a partnership characterized by technical integration, particularly for carbon emissions solutions, Fils and Sui (SUI) have garnered great attention as this alliance underscores not only the potential of Sui (SUI) within the ESG space, but also its steadfast commitment to sustainability.

The Sui (SUI) price is moving between $0.452 and $0.715. The 10-day moving average is at $0.66 and the 100-day moving average is at $0.507. Support levels are seen at $0.045 and $0.308, while resistance levels are lounging at $0.833 and $1.096.

As Sui (SUI) taps into the burgeoning demand for sustainable blockchain solutions, it has all chances to keep growing. Yet, for Sui (SUI), the real test lies in scaling its technology and fortifying its market position against competitors.

Dogecoin (DOGE): A Community-Driven Phenomenon

Market interest in Dogecoin (DOGE) remains high, fluctuating between bullish and bearish signals. But one should keep in mind that the market dynamics of Dogecoin (DOGE) are significantly influenced by the nature of its community-driven involvement.

The Dogecoin (DOGE) price is hovering between $0.0704 and $0.0919. The 10-day moving average is at $0.097 and the 100-day moving average is at $0.0712. Support levels are found at $0.0358 and $0.0574, with resistance levels chilling at $0.1 and $0.122.

The future of Dogecoin (DOGE) pivots on its community’s engagement and the broader market sentiment: the meme coin harbors potential for growth, however, the capricious characteristics typical for this kind of cryptos, coupled with rampant market volatility, present formidable hurdles.

Conclusion

In the dynamic world of cryptocurrency, Solana (SOL), Cardano (ADA), Aptos (APT), Sui (SUI), Dogecoin (DOGE), and the emerging ScapesMania are leading a bullish charge. Each altcoin exhibits unique strengths and potential amidst the anticipation for the approval of a Bitcoin ETF – this trend is fueled by positive market sentiment and innovative developments, both fostering optimism and growth. All these key players are poised to dominate the sector, navigating through challenges and leveraging their distinct features: as they occupy the forefront of the ever-evolving digital asset landscape, they offer thrilling growth opportunities and promise significant advancements.

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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Shiba Inu: AI Provides 3 Tips to Increase SHIB Profits

It is a known fact that Shiba Inu has fetched multiple traders and investors hefty profits. On the flip side, many past and current investors are underwater. Watcher Guru asked the My AI chatbot for tips to maximize SHIB profits, and it came up with three simple yet effective tips. In this article, we will be looking into them.

How to Make SHIB Profits? AI to the Rescue

Market awareness plays a key role in both trading and investing. Owing to the high correlation, the market is closely knit. As a result, being wary of updates that could trigger the price is quite critical before trading or investing. Thus, the chatbot suggested monitoring the market “closely” before rolling the ball further.

It is very easy to get carried away by the hype and FOMO waves that ensue in the crypto market. However, while trading assets like Shiba Inu, it is essential to keep the volatility factor in mind. The AI My AI chatbot suggested being cautious with investments and diverting funds only that one can afford to lose. At the end of the day, money saved is money earned, right?

The entry and exit price targets are very critical when it comes to trading SHIB. Aimlessly opening a position could prove to be detrimental to traders. Thus, the next key revolves around setting well-defined entry and exit points for trades. To do so, traders can use technical analysis tools, fundamental on-chain metrics, and sentiment indicators to take a call. Alongside, it is equally essential to set a tight stop-loss to keep all bases covered, just in case things go haywire.
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Airdrop from $DROP
This meme token was endorsed by CZ himself
✅ He will have a listing and airdrop very soon!
It's very similar to MEME - $DROP;
There are good Influencers who supported it!
💵My ref code: @CryptoAlex_ua
for this we get +800 points!!!!
#Airdrop🪂 #AirdropHunter #Airdrop🪂 #airdrops. #MEME+2
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Robert Kiyosaki Rings Alarm Bells
Robert Kiyosaki, the financial wisdom author behind “Rich Dad Poor Dad,” has a stark message for his followers: brace for a tough economy. Firstly, he’s been vocal about his belief in an impending economic downturn, urging people to invest in what he calls ‘real assets’ like Bitcoin, gold, and silver.

 

The Rise of ‘Real Assets’

Moreover, in a world where traditional investments are losing their shine, Kiyosaki points to Bitcoin, gold, and silver as the beacons of financial security. Furthermore, he’s not shy about his predictions either, suggesting Bitcoin’s value could soar to $135,000 soon. Consequently, his rationale is compelling: the U.S.’s growing national debt and the creation of a potential gold-backed currency by BRICS countries, which could challenge the dollar’s dominance. Additionally, this shift could signal a new era for investors who are quick to adapt to the changing financial landscape.

 

Kiyosaki’s Advice for Financial Freedom

Kiyosaki’s advice is simple yet profound: don’t hoard cash; invest it wisely. He recommends steering clear of what he terms ‘fake assets’ and instead, putting your money into ventures that generate steady cash flow, like rental properties, oil, and food production. His mantra is to seek assets that offer not just a return on investment but also long-term financial freedom.

 

Navigating the Economic Shift

The financial landscape is shifting, and Kiyosaki advises that the key to navigating this change is education and courage. He encourages his followers to keep learning and to be bold in their financial decisions. The goal is to build a foundation that can withstand economic storms and provide stability no matter what the market conditions are.

 

THANKYOU to all my X followers. I appreciate your support and feed back. Going into a very rough economy. Stay strong, keep studying, be brave, and be aware of false prophets.

— Robert Kiyosaki (@theRealKiyosaki) November 4, 2023

Preparing for the Future

Kiyosaki’s warnings are a call to action. He suggests that preparing for the future means investing in assets that won’t depreciate with inflation or market volatility. By focusing on ‘real assets,’ investors can create a safety net that can help them through economic hardships.

 

Embracing Change in the Financial Realm

As the financial world evolves, Kiyosaki emphasizes the importance of adapting to new realities. He points out that the smartest investors are those who anticipate change and act swiftly. In his view, the future belongs to those who embrace innovation, whether it’s in digital currencies or other emerging technologies that could redefine the essence of ‘value’ in the global economy.

 

The Big Picture

The financial guru’s warnings are not to be taken lightly. With the U.S. printing money at an unprecedented rate and the national debt skyrocketing, Kiyosaki’s predictions could hold water. His advice? Stay educated, be brave, and invest in assets that have stood the test of time.

 
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Dogecoin (DOGE) Price Breakout on the Horizon, Predicts Analyst
At press time, DOGE was trading at $0.07373 after its spruce dipped 2.01% in the past day.

An analyst believes that DOGE could target $0.084 if it can break above the $0.076 level.

Technicals on DOGE’s daily chart, however, indicate that buyers have lost some of their strength.

The renowned cryptocurrency analyst and trader, Ali, shared in an X post today that he believes Dogecoin’s (DOGE) price could move up soon. According to the analyst, DOGE is currently “navigating a tight zone, sandwiched between two crucial supply walls.”

#Dogecoin is navigating a tight zone, sandwiched by two crucial supply walls.📉 Support Wall: Spanning $0.072-$0.073, with 200K addresses holding 28.6B $DOGE. 📈 Resistance Wall: Ranging from $0.074-$0.076, where 124K addresses hold 26.95B #DOGE.Note that support outstrips… pic.twitter.com/O5FRIJ1SIl

— Ali (@ali_charts) November 8, 2023

DOGE’s supply wall spans between $0.072-$0.073, with about 200K addresses holding 28.6 billion tokens. Meanwhile, the resistance wall ranges from $0.074-$0.076, where 124K addresses are holding 26.95 billion DOGE tokens.

The analyst did, however, point out the fact that “support outstrips resistance in strength,” which could hint at a potential breakout for the DOGE price. Ali believes that if the meme coin can overcome the $0.076 level, DOGE could look to target $0.084 next.

Daily chart for DOGE/USDT (Source: TradingView)

From a technical standpoint, the daily Relative Strength Index (RSI) line on DOGE’s chart crossed below the RSI Simple Moving Average (SMA) line over the past  24 hours. This is a significant technical flag that signals that buyers have lost some of their strength.

Should the technical flag be validated, DOGE’s price may drop below the $0.07195 support level in the next couple of days. This could then put the meme coin at risk of falling to the next key support at $0.06775 in the following week. On the other hand, DOGE closing a daily candle above $0.07195 could lead to the altcoin climbing to $0.07755.

In the past 24 hours, DOGE was one of the many tokens that saw its price decline. The market tracking website, CoinMarketCap, indicated that the meme coin was worth $0.07373 after its price dropped 2.01%. This meant that DOGE was trading right between its daily low price of $0.0719 and its 24 hour high price of $0.07576.

DOGE also ended up weakening against Bitcoin (BTC) by 2.07%. Meanwhile, DOGE was still up by 10.13% in its weekly time frame. The altcoin’s price also managed to climb by over 22% in the past month.

The post Dogecoin (DOGE) Price Breakout On The Horizon, Predicts Analyst appeared first on Coin Edition.
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Binance Announcement
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Binance Will Support the TomoChain (TOMO) Rebranding to Viction (VIC)
Fellow Binancians,
Binance will support the TomoChain (TOMO) rebranding to Viction (VIC).
General
Deposits and WithdrawalsAt 2023-11-20 03:30 (UTC), deposits and withdrawals of TOMO will be suspended. Please ensure that you leave sufficient time for your TOMO deposits to be fully processed prior to this time. Binance will make a separate announcement after the event is complete to notify users when deposits and withdrawals of VIC will be opened.Binance will handle all technical requirements for users who are involved in this event.Users may refer to the announcement from the project team for more information.
Rebranding
TOMO tokens will assume the ticker of VIC on Binance (i.e., 1 TOMO = 1 VIC).
Spot
At 2023-11-20 03:00 (UTC), Binance will delist all existing TOMO spot trading pairs (i.e., TOMO/BTC, TOMO/TRY and TOMO/USDT) and cancel all pending TOMO spot trade orders. Binance will terminate Trading Bots services for the aforementioned spot trading pairs at 2023-11-20 03:00 (UTC), where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.At 2023-11-24 08:00 (UTC), trading will open for the VIC/BTC, VIC/TRY and VIC/USDT spot trading pairs.
Futures
At 2023-11-14 08:30 (UTC), Binance Futures will suspend trading for the USDT-Margined TOMO Perpetual Contract. Please note that users are allowed to close any existing positions after this time.At 2023-11-14 09:00 (UTC), Binance Futures will close all positions, conduct an automatic settlement and cancel all pending orders on the USDT-Margined TOMO Perpetual Contract, and delist this contract after the settlement is complete.Users are advised to close any open positions prior to 2023-11-14 09:00 (UTC) to avoid automatic settlement. Please refer to the delisting process of futures contracts for more details.A separate announcement will be made for relisting. Binance Futures may undertake additional protective measures, including but not limited to adjusting the margin tiers including maximum leverage value, position value and maintenance margin in each tier, updating the funding rates including the interest rate, premium, capped funding rate and settlement frequency, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price.
Margin
At 2023-11-07 06:00 (UTC), Binance will suspend TOMO/USDT cross and isolated margin borrowing. At 2023-11-16 06:00 (UTC), Binance will close users’ positions, conduct an automatic settlement and cancel all pending orders on the TOMO/USDT cross and isolated margin pair. If users have any outstanding TOMO cross margin and/or isolated margin loans, TOMO assets held in their cross margin and/or isolated margin accounts may be sold. The TOMO/USDT pair will then be removed from cross margin and isolated margin. A separate announcement will be made for relisting. Classic Portfolio Margin users are advised to transfer TOMO out of their Margin Wallet to their Spot Wallet and to top up their margin balance, if required before 2023-11-16 06:00 (UTC). Users should monitor the Unified Maintenance Margin Ratio (Uni-MMR) closely to avoid any potential liquidation that may result from the removal of TOMO from the Margin Wallet.All TOMO balances in Cross Margin Wallets under the Portfolio Margin account will be automatically converted into USDT. For more information, please refer to this FAQ.
Earn
At 2023-11-07 06:00 (UTC), Binance Simple Earn will cease support for TOMO Simple Earn Flexible and Locked Products, and subscriptions will no longer be available. For existing subscriptions, TOMO balances in Simple Earn will be automatically redeemed and credited to users’ Spot Wallets after 2023-11-17 06:00 (UTC). Users may also choose to redeem their assets from TOMO Flexible and Locked Products anytime before 2023-11-17 06:00 (UTC).
Loan
At 2023-11-09 08:00 (UTC), Binance Loans (Flexible and Stable Rates) and VIP Loan will close all outstanding loan positions for TOMO. Users are strongly advised to repay their outstanding loans before 2023-11-09 07:59 (UTC) to avoid any potential losses, where applicable.Please refer to the Binance Loans (Stable and Flexible Rates) and VIP Loan FAQs for more information. More details are also available in the Binance Loans and VIP Loan Terms and Conditions.
Binance Pay
At 2023-11-20 03:00 (UTC), Binance will remove TOMO from the list of supported cryptocurrencies on Binance Pay.
Gift Card
At 2023-11-20 03:00 (UTC), Binance will no longer support the creation of TOMO Gift Cards.While users may proceed to redeem any unredeemed TOMO Gift Cards for TOMO tokens before 2023-11-20 03:00 (UTC), the redeemed tokens will be subject to automatic conversion to new VIC tokens.After 2023-11-20 03:00 (UTC), all unredeemed TOMO Gift Cards will be automatically converted to new VIC tokens.
Note: Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
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What Are Zk-Rollups? The Layer-2 Scalability Technique
TL;DR

Low blockchain scalability leads to slower speeds, higher transaction fees, and bad user experience. This can be potentially fixed by Layer 1 (e.g., sharding) and Layer 2 (e.g., rollups) solutions.

Layer 1 solutions aim to upgrade the blockchain itself, while Layer 2 solutions create a framework on top of the existing chain.

Rollups are a popular Layer 2 solution. They bundle transactions off-chain for faster computation. 

Zk-rollups are a type of rollup implementation that uses a cryptographic technique called zero-knowledge proofs

Zero-knowledge proofs allow verification without revealing underlying data, ensuring transaction privacy and security.

The Race for Blockchain Scalability

As crypto gets more widely adopted, it becomes imperative to solve the scalability problems of blockchain networks. A congested blockchain leads to slower speeds and higher transaction fees. To fix this, we have two primary frameworks: Layer 1 and Layer 2 solutions.

Layer 1 solutions: These solutions directly revamp the foundational structure of the blockchain to allow the overall system to experience a higher throughput. Sharding is a prime example. By segmenting the blockchain into distinct sectors, it increases the system's capacity and allows for simultaneous transaction processing.

Layer 2 solutions: These solutions operate on top of the base blockchain. In Layer 2, transactions are processed off-chain and committed en-masse into the base chain. Key techniques include state channels, sidechains, and rollups. Zk-rollups are a form of rollups that utilize zero-knowledge proofs.

What Are Zk-Rollups?

To understand Zk-rollups, it’s important to understand rollups and zero-knowledge proofs. 

What are rollups?

Rollups allow the blockchains to bundle together transaction data and process them off-chain. When processed, the end result is duly committed to the base chain. Processing so many transactions simultaneously removes the chances of blockchain bloat and enables faster and cheaper computation. Rollups fall under two categories - Optimistic and Zk-rollups.

Optimistic rollups: Optimistic rollups operate under a presumption – all the transactions it has rolled up are legitimate. Before these transactions are committed to the blockchain, they go through a waiting period. During this waiting period, the network raises disputes to challenge questionable transactions. Optimism, Arbitrum, and opBNB are examples of optimistic rollups.

Zk-rollups: Unlike their optimistic counterparts, zk-rollups validate every single transaction via zero-knowledge-powered validity proofs. While more complex to implement, zk-rollups are designed to bypass the dispute resolution period seen in optimistic rollups and process transactions theoretically faster.

Now, let’s look into zero-knowledge proofs.

What are zero-knowledge proofs?

Zero-knowledge proof (ZKP) is a cryptographic tool that allows one party (the prover) to prove to another (the verifier) that a certain statement is true without disclosing any intricate details about the statement.

A ZKP must have three qualities:

Completeness: If the statement is true and both parties are genuine, the proof will always confirm its truthfulness.

Soundness: An untruthful prover shouldn't be able to convince an honest verifier of a false statement's validity except under the rarest of circumstances.

Zero-Knowledge: The most defining feature. The verifier, at the end of the process, learns only the statement's validity without gaining any insight into its content.

So how does a ZKP work? The methodology can be broken down into three steps:

Witness: During the first stage, the prover provides a piece of secret information, or “witness,” to the verifier. The idea here is to prove to the verifier that the prover can access specific data without explicitly mentioning it. The witness establishes a set of questions about the information that can only be answered by a legitimate prover.

Challenge: During this stage, the verifier challenges the prover by picking random questions from the set.

Response: The prover successfully answers the verifier's questions to prove their credibility. 

Now we know what rollups and ZKPs are. Let’s bring them together under one umbrella and understand how zk-rollups work.

How Do Zk-Rollups Work?

Zk-rollups have two core components:

On-chain contracts: The smart contracts define the rules within which the zk-rollup protocol operates. It consists of the main and verifier contracts. The main contract stores rollup blocks, tracks deposits, and makes important updates. The verifier contract validates the ZKPs generated.

Off-chain virtual machines: These machines handle transaction execution away from the base Ethereum blockchain in L2. The off-chain virtual machines operate independently from the Ethereum chain.

Zk-rollups are intricately interwoven with the Ethereum blockchain, albeit in a unique stratum. They don’t inundate Ethereum with every minute detail of transactions. Instead, they smartly provide bundled summaries, ensuring the base layer remains clutter-free and efficient.

Pros and Cons of Using Zk-Rollups

So, what are the benefits of using zk-rollups? Let’s take a look.

Pros of zk-rollups

Increased throughput: Zk-rollups offload transaction executions from the base layer to a more efficient computing environment. Since the transactions are not individually processed on-chain, it boosts the overall throughput.

Reduce congestion: By reducing blockchain bloat, zk-rollups help in efficient Layer 1 operations. Plus, full nodes need only store zero-knowledge proofs instead of the whole data.

Reduced fees: Due to reduced congestion, zk-rollups help reduce overall fees.

Security measurements: Zk-rollups incorporate security measures that allow users to withdraw funds even if there are issues with the rollup network, a distinct advantage over sidechains that may compromise funds during network failures.

Faster transaction challenge period: With zk-rollups, only the validity proofs within the rollups need verification, speeding up the transaction challenge period.

Cons of zk-rollups

Complexity: The biggest disadvantage of zk-rollups is their inherent complexity. They are far more complicated to execute than optimistic rollups.

Constrained by base layer: Despite their efficiencies, zk-rollups are still bound by the restrictions of the underlying base layer.

Liquidity fragmentation: Any Layer 2 leads to the scattering of liquidity in the ecosystem. Shallow liquidity in the base layer protocols could lead to potential issues.

Optimistic Rollups vs Zk-Rollups

Let’s see how optimistic rollups and zk-rollups match up.


Optimistic Rollups

Zk-Rollups

Assumption on transactions

Transactions assumed valid.

All transactions are verified by zero-knowledge proofs.

Challenge system

A challenge period exists for the network to challenge fraudulent transactions.

No challenge period

Proof mechanism

Fraud proofs

Validity proofs

Complexity

Comparatively simpler to implement

Complex due to the utilization of zero-knowledge proofs

Adoption

Widely adopted due to less complexity.

Relatively less widely adopted.

Examples

Optimism, Arbitrum, and opBNB.

zkSync and Starknet.

Closing Thoughts

Scalability is often touted as the “holy grail” of blockchain technologies. There is no point in using a system if it doesn’t operate optimally. Rollups, both optimistic and zk, have provided an elegant solution to this long-standing problem. Zk-Rollups, with their unique approach, promise faster speeds, less traffic, and robust security. Yes, they have their complexities, but their potential is huge. For anyone keen on the future of digital currency, understanding zk-rollups is a must. As we push for better blockchain performance, now's the time to get familiar with zk-rollups and their promise for the future. 

Further Reading

Optimistic vs. Zero-Knowledge Rollups: What’s the Difference?

What Is a ZkEVM and How Can It Enhance the Ethereum Ecosystem?

Blockchain Layer 1 vs. Layer 2 Scaling Solutions


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Whale Tracker
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Turning $5 into $50 in a Month through Scalping: The Comprehensive Roadmap
Today, I'm taking you on an experimental journey where I'll share real results, so you can understand the ins and outs of a scalping strategy – is it practical, and is it worth the effort? Let's dive into the content and explore this intriguing experiment.I began this venture with just $5. My choice was XRP, a month ago, selected based on its high volatility and bullish trends at that time.Step 1: Buying- I invested my $5 at $0.48, which gave me 10.416 XRP.- I set an alert at $0.51, and when the price reached that point, I sold my XRP for $5.312. In this single trade, I pocketed a profit of $0.3.Step 2: Scaling Up- With $5.3 in hand, I bought more #xrp - My target was another $0.3 increase.- Once the alert sounded, I sold my holdings for an additional $0.3 profit.I repeated this process ten times in a day, and I ended up with $9. That's more than $8 as you might expect because my initial $5 kept growing with each trade, and the profit margin increased.This trading sequence consumed 12 hours, but setting the entry and exit points took just 15 minutes. Isn't that impressive?On my lucky days, I made $4 in profits. The next day, I started with $4, as I preserved my initial investment and was ready to play with my profit. However, XRP's value dipped, and I lost $1.5. I stayed out of trading for those two days.Soon after, XRP experienced a pump, recovering the $1.5 loss.At the end of three days, I had only made $4 profit, the same as the first day. However, the market seemed to be on an uptrend, so I entered with $9, and after ten trades, I finished the day with $12.7. This time, the setup took only 10 minutes, and the trading lasted 14 hours.The alarm-alert option played a crucial role in managing my trades. I conducted scalping with no emotional involvement. For me, $5 to $50 was a small matter. Perhaps, it was this absence of emotional attachment that helped me maintain a pragmatic approach throughout the journey.Here's the data:- Day 1: $5- Day 30: $63 ($79 profit, $16 "lost" – not actual losses, but conversion to USDT) This roadmap allowed me to grow my investment, and I did it all with just 20 minutes a day. Remember, while it's fun and can be lucrative, it's not suitable for large amounts. I reinvested and kept the growing formula going, exploring the possibilities of scalping further."
this is cool😎
this is cool😎
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FORTUNE CRYPTO
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I wasnt always a consistent trader bur over time I finally mastered it.

Here are 7 methods I use to become a more consistent trader:

1️⃣Create a Trading Plan:

When I trade, I don’t just wing it. Every trade is based on a well-thought-out plan. It includes my entry, exit, and money management strategies.

2️⃣Stick to the Plan:

Once I have a plan, I stick to it like glue. No deviating because of a hunch or what someone said on social media.

3️⃣Keep Emotions in Check:

I treat trading like a business, not a casino. Excitement, fear, greed – I’ve learned to keep them all at bay.

4️⃣Journaling Every Trade:

I write down the details of every trade – good or bad. It’s my trading diary. Helps me see patterns in my wins and losses.

5️⃣Focus on a Few Strategies:

I don’t try to master every strategy out there. I stick to a few that work for me and perfect them.

6️⃣Regular Market Study:

I spend time every day studying the market. Not just the numbers, but also the news and trends. Knowledge is power.

7️⃣Continuous Self-Review:

I regularly review my performance. What’s working? What’s not? This self-awareness has been key to my consistency.

⭐️These methods aren’t just actions; they’re habits now. They transformed my trading from hit-and-miss to consistent. Remember, consistency is key to long-term success in trading.
new here😎
new here😎
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