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XRPLedger is now available on MetaMask with Snap
In a major development, #Metamask users can now easily access #XRPledger with a single click. In a new tweet, Peersyst, the Ripple partner developing the $XRP
Ledger #EVM sidechain, announced the launch of XRP Ledger Snap for MetaMask. MetaMask Snaps are modular extensions that allow developers to extend the functionality of the MetaMask wallet.
This extensibility means that Metamask's 30 million monthly active users are now just one click away from creating an XRP Ledger account, creating a unique opportunity to accept and manage XRP Ledger assets in the Metamask crypto wallet.
XRP Ledger Snap will allow users to interact with XRP Ledger (#XRPL ) using their MetaMask wallets. Users will be able to manage XRP and other tokens on XRPL, execute transactions, and interact with XRPL-based decentralized applications (dApps) without leaving the MetaMask interface. Snap fills the gap between MetaMask and the XRP Ledger, bringing the benefits of XRPL to the popular Ethereum wallet.
Snap also includes all the current features available in XRPL mainnet and testnet and can be used by any dApp to connect and sign transactions. Other features include a web wallet that allows users to manage their XRP Ledger accounts, tokens and trust lines, and Transak on-ramp.
XRP Ledger compatibility at work
Ripple's engineering team is working closely with Peersyst to extend XRP Ledger interoperability through the XRPL EVM Sidechain, which will open new opportunities for XRPL developers in decentralized finance (DeFi) and real-world asset (RWA) tokenization, driving innovation and expanding the utility and reach of the network.
Connecting the XRPL EVM Sidechain to the XRPL mainnet will involve the use of a bridge, with the wrapped XRP (eXRP) serving as the native asset and gas token. This bridge facilitates the transfer of assets between XRPL and EVM Sidechain EVMs, ensuring interoperability.
The XRPL EVM Sidechain will be launched with Axelar acting as the exclusive bridge to the native sidechain gas token (eXRP) from XRPL. Axelar can also be used to bridge additional interoperable tokens to and from the main XRPL network, as well as from the more than 55 blockchains in the Axelar network.
#APTSurpassesSUI
Ledger #EVM sidechain, announced the launch of XRP Ledger Snap for MetaMask. MetaMask Snaps are modular extensions that allow developers to extend the functionality of the MetaMask wallet.
This extensibility means that Metamask's 30 million monthly active users are now just one click away from creating an XRP Ledger account, creating a unique opportunity to accept and manage XRP Ledger assets in the Metamask crypto wallet.
XRP Ledger Snap will allow users to interact with XRP Ledger (#XRPL ) using their MetaMask wallets. Users will be able to manage XRP and other tokens on XRPL, execute transactions, and interact with XRPL-based decentralized applications (dApps) without leaving the MetaMask interface. Snap fills the gap between MetaMask and the XRP Ledger, bringing the benefits of XRPL to the popular Ethereum wallet.
Snap also includes all the current features available in XRPL mainnet and testnet and can be used by any dApp to connect and sign transactions. Other features include a web wallet that allows users to manage their XRP Ledger accounts, tokens and trust lines, and Transak on-ramp.
XRP Ledger compatibility at work
Ripple's engineering team is working closely with Peersyst to extend XRP Ledger interoperability through the XRPL EVM Sidechain, which will open new opportunities for XRPL developers in decentralized finance (DeFi) and real-world asset (RWA) tokenization, driving innovation and expanding the utility and reach of the network.
Connecting the XRPL EVM Sidechain to the XRPL mainnet will involve the use of a bridge, with the wrapped XRP (eXRP) serving as the native asset and gas token. This bridge facilitates the transfer of assets between XRPL and EVM Sidechain EVMs, ensuring interoperability.
The XRPL EVM Sidechain will be launched with Axelar acting as the exclusive bridge to the native sidechain gas token (eXRP) from XRPL. Axelar can also be used to bridge additional interoperable tokens to and from the main XRPL network, as well as from the more than 55 blockchains in the Axelar network.
#APTSurpassesSUI
Realistic Price Prediction of DuckChain Token & What’s it?
DuckChain, an Arbitrum-based token, is valued at $2500 for a total supply of 100 million tokens, making the price of 1 DuckChain token $0.000025. Committed to driving mass adoption of the TON ecosystem, DuckChain focuses on bridging off-chain users to on-chain platforms. By introducing the “TONFi Layer,” DuckChain connects TON with ecosystems like EVM and BTC, allowing users to easily access DeFi, GameFi, and SocialFi projects through Telegram Star or TON. Additionally, by tokenizing Telegram Star, DuckChain lowers the entry barrier for Web2 users, simplifying the process of converting Stars into on-chain gas. With EVM compatibility, DuckChain also seeks to attract builders from the EVM ecosystem, enhancing liquidity and promoting innovation within the TON community. Furthermore, DuckChain collaborates with TON’s Restaking solution, leveraging over $5 billion in staked TON assets to fortify the security and decentralization of decentralized applications, thereby reinforcing the economic security of TON Layer 2.
$ARB $TON #DuckChain #Memecoin #GameFiTokensRally #EVM #ARBLONG
$ARB $TON #DuckChain #Memecoin #GameFiTokensRally #EVM #ARBLONG
🔥🔥🔥 Ethereum Co-Founder #VitalikButerin Reveals Future Plans for $ETH at Global Blockchain Summit
Vitalik Buterin Outlines Ethereum's Future at Global Blockchain Summit
- At the 10th Global Blockchain Summit in Shanghai, Ethereum co-founder Vitalik Buterin reflected on Ethereum’s evolution and outlined its ambitious future roadmap. Key highlights included:
1. Ethereum’s Decade of Growth: Buterin discussed Ethereum's transition from Proof of Work (PoW) to Proof of Stake (PoS) in 2022, focusing on scalability, privacy, and security advancements.
2. 100,000 Transactions per Second (TPS): Buterin emphasized Ethereum’s goal to exceed 100,000 TPS through Layer 2 solutions, reducing fees and improving transaction speed.
3. Cross-Chain Transfers in 2 Seconds: Ethereum aims to enable near-instant cross-chain transfers, enhancing interoperability between blockchains.
4. Global Adoption & User Experience: Buterin highlighted growing adoption in countries like Argentina and Turkey and stressed the importance of improving user interfaces for broader decentralized application (#DApp ) adoption.
5. Cross-Chain Security: He underscored the increasing need for secure cross-chain interactions, now a priority over the Ethereum Virtual Machine (#EVM ).
Buterin’s vision centers on scalability, interoperability, enhanced user experiences, and security, positioning Ethereum for future growth.
#BinanceSquareTrends #CryptoMarkets
Vitalik Buterin Outlines Ethereum's Future at Global Blockchain Summit
- At the 10th Global Blockchain Summit in Shanghai, Ethereum co-founder Vitalik Buterin reflected on Ethereum’s evolution and outlined its ambitious future roadmap. Key highlights included:
1. Ethereum’s Decade of Growth: Buterin discussed Ethereum's transition from Proof of Work (PoW) to Proof of Stake (PoS) in 2022, focusing on scalability, privacy, and security advancements.
2. 100,000 Transactions per Second (TPS): Buterin emphasized Ethereum’s goal to exceed 100,000 TPS through Layer 2 solutions, reducing fees and improving transaction speed.
3. Cross-Chain Transfers in 2 Seconds: Ethereum aims to enable near-instant cross-chain transfers, enhancing interoperability between blockchains.
4. Global Adoption & User Experience: Buterin highlighted growing adoption in countries like Argentina and Turkey and stressed the importance of improving user interfaces for broader decentralized application (#DApp ) adoption.
5. Cross-Chain Security: He underscored the increasing need for secure cross-chain interactions, now a priority over the Ethereum Virtual Machine (#EVM ).
Buterin’s vision centers on scalability, interoperability, enhanced user experiences, and security, positioning Ethereum for future growth.
#BinanceSquareTrends #CryptoMarkets
#Polygon #MATIC DAILY HIGHLIGHTS!
▪️1 $MATIC = $1.02 USD
▪️24 Hours Price Change: +0.9%
▪️7 Days Price Change: -0.3%
▪️1 Month Price Change: +27.6%
▪️TVL: $7,714,454,427
#crypto2023 #EVM
▪️1 $MATIC = $1.02 USD
▪️24 Hours Price Change: +0.9%
▪️7 Days Price Change: -0.3%
▪️1 Month Price Change: +27.6%
▪️TVL: $7,714,454,427
#crypto2023 #EVM
Entangle is set to launch Photon Messaging in early April 2024, a secure omnichain messaging solution for EVM and non-EVM chains. The Entangle Blockchain Explorer will provide insights on the Entangle Oracle Blockchain. Liquid Vaults will launch separately in mid-April.
#Entangle #HotTrends #blockchain #EVM
#Entangle #HotTrends #blockchain #EVM
Oracles narrative at play catalyzed by the insane pump of Tellor Oracle $TRB #TRB
Now, $UMA is showing super strenth the same way catalyzed by the new upcoming #EVM features which the founders purports to reclaim lost over 100M usd #EVM funds stolen from DEFI users by bots. Would this mean also revenue of the same amount annualy for $UMA #UMA holders?
Is the upcoming pump 5X from its ATH price possible?
The rally of $UMA is followed by pumps of other Oracles coins like $DIA $API3 $BAND and $RLC as $BTC bounces from $40K to $42K ish level.
Now, $UMA is showing super strenth the same way catalyzed by the new upcoming #EVM features which the founders purports to reclaim lost over 100M usd #EVM funds stolen from DEFI users by bots. Would this mean also revenue of the same amount annualy for $UMA #UMA holders?
Is the upcoming pump 5X from its ATH price possible?
The rally of $UMA is followed by pumps of other Oracles coins like $DIA $API3 $BAND and $RLC as $BTC bounces from $40K to $42K ish level.
🔥🔥🔥 #Polygon co-founder discusses advancements in #Layer2 solutions
Brendan Farmer, co-founder of Polygon, highlighted the platform's recent advancements in layer-2 networks, particularly its introduction of AggLayer and the groundbreaking "Type 1 prover." This innovation allows any Ethereum Virtual Machine (#EVM ) network to transition into a ZK-proofs-powered layer-2 network, aiming to address fragmentation in the layer-2 ecosystem and enhance connectivity.
Developed over a year with Toposware's support, the Type 1 prover reduces the cost of generating ZK-proofs for EVM chains, integrating seamlessly with AggLayer to expand its utility. Farmer emphasizes the importance of improving user experience and fostering unity in the fragmented layer-2 landscape, drawing parallels with Solana's success.
To achieve cohesion, Farmer argues for Ethereum to transcend fragmentation and increase the supply of layer-2 networks to support Web3 growth. Polygon's strategy revolves around promoting AggLayer as the preferred route for liquidity and user engagement, prioritizing user and developer experience without revenue-sharing constraints.
Polygon's recent advancements aim to streamline Ethereum's ecosystem, enhance its competitiveness in decentralized finance and Web3, and solidify its position in blockchain scalability and interoperability. As the crypto space expands, Polygon's efforts are poised to shape the future of decentralized applications and finance.
Source - cryptopolitan.com
#CryptoNews #BinanceSquare $MATIC
Brendan Farmer, co-founder of Polygon, highlighted the platform's recent advancements in layer-2 networks, particularly its introduction of AggLayer and the groundbreaking "Type 1 prover." This innovation allows any Ethereum Virtual Machine (#EVM ) network to transition into a ZK-proofs-powered layer-2 network, aiming to address fragmentation in the layer-2 ecosystem and enhance connectivity.
Developed over a year with Toposware's support, the Type 1 prover reduces the cost of generating ZK-proofs for EVM chains, integrating seamlessly with AggLayer to expand its utility. Farmer emphasizes the importance of improving user experience and fostering unity in the fragmented layer-2 landscape, drawing parallels with Solana's success.
To achieve cohesion, Farmer argues for Ethereum to transcend fragmentation and increase the supply of layer-2 networks to support Web3 growth. Polygon's strategy revolves around promoting AggLayer as the preferred route for liquidity and user engagement, prioritizing user and developer experience without revenue-sharing constraints.
Polygon's recent advancements aim to streamline Ethereum's ecosystem, enhance its competitiveness in decentralized finance and Web3, and solidify its position in blockchain scalability and interoperability. As the crypto space expands, Polygon's efforts are poised to shape the future of decentralized applications and finance.
Source - cryptopolitan.com
#CryptoNews #BinanceSquare $MATIC
RunesTerminal partners with Ordeez for Ape community benefits
#RunesTerminal partners with #Ordeez to offer Ape holders exclusive perks, including raffles, whitelist spots, and potential airdrops. The partnership aims to enhance #NFT interaction and cross-compatibility between #EVM and #Bitcoin networks.
Ordeez known for its groundbreaking concept of "ordinal derivatives," is set to provide Ape holders with exclusive benefits. These include raffles for coveted Apes and whitelist spots for their collection.
RunesTerminal, a dedicated hub for Runes-era Bitcoin activities, offers investors access to promising projects through its unique launchpad, RunesPad. This platform features both vetted and trustless segments, ensuring a diverse range of opportunities for investors.
#RunesTerminal partners with #Ordeez to offer Ape holders exclusive perks, including raffles, whitelist spots, and potential airdrops. The partnership aims to enhance #NFT interaction and cross-compatibility between #EVM and #Bitcoin networks.
Ordeez known for its groundbreaking concept of "ordinal derivatives," is set to provide Ape holders with exclusive benefits. These include raffles for coveted Apes and whitelist spots for their collection.
RunesTerminal, a dedicated hub for Runes-era Bitcoin activities, offers investors access to promising projects through its unique launchpad, RunesPad. This platform features both vetted and trustless segments, ensuring a diverse range of opportunities for investors.
📣 Reminder: ⚡️Fast, Affordable, Secure! #BTTC shatters limits with a velocity 400x Ethereum's, minuscule fees, and ironclad PoS consensus. Compatible with #EVM & #TRON! , it boasts 7,000 TPS and rapid 2-3s block times. Your blockchain journey leaps forward with BTTC. Embrace the speed! 🚀
$BTTC #BitTorrent #Blockchain
BitTorrent Community
$BTTC #BitTorrent #Blockchain
BitTorrent Community
Explore the 45th #Launchpool project by @Binance - @AltLayer
Introducing #AltLayer , an innovative solution addressing the challenge of resource wastage from purpose-similar dApps running on different chains.
What is AltLayer?
👉AltLayer is a dedicated platform for app developers, enabling them to launch execution layers to scale and consolidate.
👉AltLayer can be seen as a composite layer with significant enhancements, allowing developers to use one and optimize resources efficiently.
👉Designed for a multi-chain, multi-virtual machine world, AltLayer natively supports EVM and WASM.
👉It operates as a modular extension solution, connecting to all compatible #EVM and #WASM chains without being confined to a single L1 or L2.
Development Team:
👉Led by Dr. Yaoqi Jia, former Director of Parity Asia and co-founder/CTO of @Zilliqa , the development team includes award-winning experts and researchers who have previously worked at Parity, @Zilliqa , and #Synthetix .
Investors:
👉The project has attracted $7.2 million in seed funding, led by @Square-Creator-aba5fa6ed Capital, Breyer Capital , and Jump Crypto.
AltLayer OG Badge NFT:
👉The OG Badge NFT is an exclusive NFT badge granting owners access to future events and exclusive entry into a dedicated Discord group.
Join by staking $BNB or $FDUSD to receive $ALT in the Pool:
👉Event Launchpool details: AltLayer LaunchPool
Introducing #AltLayer , an innovative solution addressing the challenge of resource wastage from purpose-similar dApps running on different chains.
What is AltLayer?
👉AltLayer is a dedicated platform for app developers, enabling them to launch execution layers to scale and consolidate.
👉AltLayer can be seen as a composite layer with significant enhancements, allowing developers to use one and optimize resources efficiently.
👉Designed for a multi-chain, multi-virtual machine world, AltLayer natively supports EVM and WASM.
👉It operates as a modular extension solution, connecting to all compatible #EVM and #WASM chains without being confined to a single L1 or L2.
Development Team:
👉Led by Dr. Yaoqi Jia, former Director of Parity Asia and co-founder/CTO of @Zilliqa , the development team includes award-winning experts and researchers who have previously worked at Parity, @Zilliqa , and #Synthetix .
Investors:
👉The project has attracted $7.2 million in seed funding, led by @Square-Creator-aba5fa6ed Capital, Breyer Capital , and Jump Crypto.
AltLayer OG Badge NFT:
👉The OG Badge NFT is an exclusive NFT badge granting owners access to future events and exclusive entry into a dedicated Discord group.
Join by staking $BNB or $FDUSD to receive $ALT in the Pool:
👉Event Launchpool details: AltLayer LaunchPool
AIOZ Network partners with Alibaba Cloud to enhance AI, Storage, and Streaming Services.
#AIOZNetwork, a #Layer1 media blockchain built on the #Cosmos framework with #EVM compatibility, partners with the largest cloud service provider in Asia–Pacific - #AlibabaCloud. Through this partnership, AIOZ Network will utilize Alibaba Cloud’s cloud services to grow its ecosystem and improve AI, storage, and streaming infrastructure. Moreover, companies will establish a DePIN alliance in southeast Asia.
👉 aioz.network/blog/aioz-network-x-alibaba-cloud-collaboration-announcement
#AIOZNetwork, a #Layer1 media blockchain built on the #Cosmos framework with #EVM compatibility, partners with the largest cloud service provider in Asia–Pacific - #AlibabaCloud. Through this partnership, AIOZ Network will utilize Alibaba Cloud’s cloud services to grow its ecosystem and improve AI, storage, and streaming infrastructure. Moreover, companies will establish a DePIN alliance in southeast Asia.
👉 aioz.network/blog/aioz-network-x-alibaba-cloud-collaboration-announcement
Exciting news for SEI holders on Binance!
We’re thrilled to announce that Binance has successfully integrated the Ethereum Virtual Machine (EVM) for Sei ($SEI). This major update means you can now deposit and withdraw SEI directly via the Sei EVM network, bringing you faster and more seamless transactions than ever before.
What’s in it for you?
- Enhanced functionality: Enjoy smoother, more versatile trading experiences.
- Seamless transactions: Effortlessly move your SEI tokens with the EVM network.
- User-friendly access: Your SEI EVM token deposit addresses are now just a click away.
This integration is a significant step forward in making your journey with SEI on Binance more dynamic and user-friendly.
Important note: While we provide translations for your convenience, the English version remains the most accurate. We recommend referring to it for the latest and most precise details.
Thank you for being part of the Binance community! Let’s keep moving forward together.
#Binance #SIE #CryptoNewss #EVM #Write2Earn!
We’re thrilled to announce that Binance has successfully integrated the Ethereum Virtual Machine (EVM) for Sei ($SEI). This major update means you can now deposit and withdraw SEI directly via the Sei EVM network, bringing you faster and more seamless transactions than ever before.
What’s in it for you?
- Enhanced functionality: Enjoy smoother, more versatile trading experiences.
- Seamless transactions: Effortlessly move your SEI tokens with the EVM network.
- User-friendly access: Your SEI EVM token deposit addresses are now just a click away.
This integration is a significant step forward in making your journey with SEI on Binance more dynamic and user-friendly.
Important note: While we provide translations for your convenience, the English version remains the most accurate. We recommend referring to it for the latest and most precise details.
Thank you for being part of the Binance community! Let’s keep moving forward together.
#Binance #SIE #CryptoNewss #EVM #Write2Earn!
Sei partners with RunesTerminal for crypto innovation
#RunesTerminal has partnered with #Sei , a high-performance #Layer1 blockchain, to build and launch new Runes applications. This collaboration leverages Sei's advanced TwinTurbo consensus and parallelized #EVM technology to enhance Runes' integration with the wider EVM environment.
The partnership aims to bridge EVM and #Bitcoin liquidity, accelerating the development of decentralized financial solutions and positioning Bitcoin as a key trust layer in global finance. The collaboration aims to empower developers and streamline project launches with full integration into the RunesTerminal architecture.
#RunesTerminal has partnered with #Sei , a high-performance #Layer1 blockchain, to build and launch new Runes applications. This collaboration leverages Sei's advanced TwinTurbo consensus and parallelized #EVM technology to enhance Runes' integration with the wider EVM environment.
The partnership aims to bridge EVM and #Bitcoin liquidity, accelerating the development of decentralized financial solutions and positioning Bitcoin as a key trust layer in global finance. The collaboration aims to empower developers and streamline project launches with full integration into the RunesTerminal architecture.
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Experience #Nuls with #Bitcoin and #Ethereum
What if I told you that it is possible to experience NULS technologies without giving up Bitcoin and the Ethereum ecosystem? Recently, NULS integrated Bitcoin and Ethereum as native gas fees within its ecosystem. This means that holders of these cryptocurrencies can interact with NULS and its multichain tools and #DeFi . For Bitcoin holders, NULS is creating a new second layer module within its Chainbox tool, which facilitates the development of modular blockchains. Through this module, Bitcoin transactions will be much faster, lighter and without network congestion, thanks to the high efficiency of the NULS blockchain, which will further increase the scalability and adoption of the market-leading cryptocurrency. On the other hand, for Ethereum holders, the news now is that NULS is compatible with the #EVM standard, which is the virtual machine that executes smart contracts on the Ethereum blockchain.
Access the official Nuls YouTube channel called (NULS Blockchain) and learn more about the project.
$BTC $ETH $NULS
What if I told you that it is possible to experience NULS technologies without giving up Bitcoin and the Ethereum ecosystem? Recently, NULS integrated Bitcoin and Ethereum as native gas fees within its ecosystem. This means that holders of these cryptocurrencies can interact with NULS and its multichain tools and #DeFi . For Bitcoin holders, NULS is creating a new second layer module within its Chainbox tool, which facilitates the development of modular blockchains. Through this module, Bitcoin transactions will be much faster, lighter and without network congestion, thanks to the high efficiency of the NULS blockchain, which will further increase the scalability and adoption of the market-leading cryptocurrency. On the other hand, for Ethereum holders, the news now is that NULS is compatible with the #EVM standard, which is the virtual machine that executes smart contracts on the Ethereum blockchain.
Access the official Nuls YouTube channel called (NULS Blockchain) and learn more about the project.
$BTC $ETH $NULS
Kadena partners with Ideasoft, ushering EVM-interoperability via Hyperlane. Dive into this transformative blockchain collaboration.
$KDA #Kadena #Hyperlane #EVM
https://blockchainreporter.net/kadena-teams-up-with-ideasoft-the-dawn-of-evm-interoperability-via-hyperlane/
$KDA #Kadena #Hyperlane #EVM
https://blockchainreporter.net/kadena-teams-up-with-ideasoft-the-dawn-of-evm-interoperability-via-hyperlane/
Ronin introduces the Sky Mavis Trusted Domain System.
#Ronin $RONIN , the gaming-centric #EVM blockchain, introduces the Sky Mavis Trusted Domain System. This system includes three types of badges: Mavis badges, Mavis Friends badges, and Unknown badges. These badges help Ronin users identify secure transactions and applications by displaying different badges when they interact with smart contracts, protecting them from malicious attacks.
👉 twitter.com/Ronin_Network/status/177870333237225929
#Ronin $RONIN , the gaming-centric #EVM blockchain, introduces the Sky Mavis Trusted Domain System. This system includes three types of badges: Mavis badges, Mavis Friends badges, and Unknown badges. These badges help Ronin users identify secure transactions and applications by displaying different badges when they interact with smart contracts, protecting them from malicious attacks.
👉 twitter.com/Ronin_Network/status/177870333237225929
$PROM : Bridging the Gap Between Blockchain Ecosystems
The fragmentation of the blockchain world hinders innovation and user experience. PROM emerges as a potential solution, aiming to connect EVM and non-EVM worlds.
This thread explores how PROM facilitates interoperability:
Modular zkEVM Layer 2: $PROM operates as a Layer 2 scaling solution built on top of existing blockchains. It leverages zkEVM technology for secure and efficient transactions.
EVM & Non-EVM Compatibility: Designed to be EVM-equivalent, PROM allows developers to seamlessly deploy existing dApps without major modifications. This bridges the gap between development environments.
Cross-Chain Communication: $PROM goes beyond simple asset transfers. It aspires to enable communication between EVM and non-EVM blockchains, opening doors for more intricate interactions between dApps.
Benefits for Developers & Users: PROM offers a wider range of tools and functionalities for developers, fostering innovation. Users can enjoy faster transactions, lower costs, and a more unified experience when interacting with different blockchain ecosystems.
Is PROM the future of interoperability? What are your thoughts on this project? Let's discuss the potential and challenges of PROM in connecting EVM and non-EVM worlds!
#PROM #EVM #promvalidators #zkEVM
The fragmentation of the blockchain world hinders innovation and user experience. PROM emerges as a potential solution, aiming to connect EVM and non-EVM worlds.
This thread explores how PROM facilitates interoperability:
Modular zkEVM Layer 2: $PROM operates as a Layer 2 scaling solution built on top of existing blockchains. It leverages zkEVM technology for secure and efficient transactions.
EVM & Non-EVM Compatibility: Designed to be EVM-equivalent, PROM allows developers to seamlessly deploy existing dApps without major modifications. This bridges the gap between development environments.
Cross-Chain Communication: $PROM goes beyond simple asset transfers. It aspires to enable communication between EVM and non-EVM blockchains, opening doors for more intricate interactions between dApps.
Benefits for Developers & Users: PROM offers a wider range of tools and functionalities for developers, fostering innovation. Users can enjoy faster transactions, lower costs, and a more unified experience when interacting with different blockchain ecosystems.
Is PROM the future of interoperability? What are your thoughts on this project? Let's discuss the potential and challenges of PROM in connecting EVM and non-EVM worlds!
#PROM #EVM #promvalidators #zkEVM
Can Bitcoin Go Mainstream by Linking with Ethereum’s EVM? 👀
Botanix Labs founder Willem Schroé argues that for Bitcoin to achieve mainstream adoption and real-world utility, it must connect with the Ethereum Virtual Machine (#EVM ).
He believes the EVM is the application layer for the global financial system and sees potential in #bitcoin integrating with the broader financial ecosystem.
Schroé's company, Botanix Labs, is working on a solution called "Spiderchain" to bridge Bitcoin and Ethereum through a #proof-of-stake layer 2 without requiring a Bitcoin fork.
He criticizes existing wrapped Bitcoin solutions for their centralized nature and regulatory vulnerabilities. While some Bitcoin developers are discussing the idea of "drivechains" to bring Ethereum functionality to Bitcoin, not everyone in the Bitcoin community supports expanding its use cases.
Schroé believes that uniting Bitcoin and Ethereum could lead to innovative applications with decentralization and security as core principles.
#Binance
#crypto2023
Botanix Labs founder Willem Schroé argues that for Bitcoin to achieve mainstream adoption and real-world utility, it must connect with the Ethereum Virtual Machine (#EVM ).
He believes the EVM is the application layer for the global financial system and sees potential in #bitcoin integrating with the broader financial ecosystem.
Schroé's company, Botanix Labs, is working on a solution called "Spiderchain" to bridge Bitcoin and Ethereum through a #proof-of-stake layer 2 without requiring a Bitcoin fork.
He criticizes existing wrapped Bitcoin solutions for their centralized nature and regulatory vulnerabilities. While some Bitcoin developers are discussing the idea of "drivechains" to bring Ethereum functionality to Bitcoin, not everyone in the Bitcoin community supports expanding its use cases.
Schroé believes that uniting Bitcoin and Ethereum could lead to innovative applications with decentralization and security as core principles.
#Binance
#crypto2023
$ETH ETF Approval and possible implications... #ETHETFS
2 days ago, Eric Balchunas, a Senior ETF Analyst for Bloomberg has posted a tweet in which he said that his prediction for the Ether ETF by the SEC (Securities and Exchange Commission) approval has increased to 75% from 25%. This comes after a period in which the general confidence in the approval of the Ether's ETF was pretty low.
Since this tweet, the price of $ETH has increased by approximatively 23%. This bullish signal might mean that the SEC is planning to approve the ETF, especially since it's an electoral year and the attitude of the potential presidents towards Cryptocurrencies in general is a major topic which could attract a lot of voters.
An additional factor to take into consideration is that #Blackrock has filed for an $ETH ETF as well. Blackrock is the world's largest investment manager and out of all the ETFs they have filed for, only 💥 ONE 💥has ever been rejected.
Moreover, ETH is a major player in the cryptocurrency market. Most applications are built on top of this blockchain (more specifically, most applications use #EVM - Ethereum Virtual Machine), so classifying it as Security would affect the vast majority of the market as well.
Another important point is that there is an ETH ETF already approved in Hong Kong. USA generally doesn't want to fall behind China when it comes to decisions that could have big implications for their economy.
Due to these reasons, I personally suspect we could see the approval of the ETH ETF sooner than later.
BUT 🤷it is also worth to keep in mind that a lot of big players are in this market and market sentiment can be manipulated. The view has shifted to optimism related to the ETF approval which would mean that a rejection of the ETF could lead to significant drops in price, benefitting a small number of people.
In this scenario, even if the ETF won't be approved, it's only a matter of time, a question of "when", rather than "if" it will happen.
Please Do Your Own Research (DYOR) and take multiple factors into account when investing.
2 days ago, Eric Balchunas, a Senior ETF Analyst for Bloomberg has posted a tweet in which he said that his prediction for the Ether ETF by the SEC (Securities and Exchange Commission) approval has increased to 75% from 25%. This comes after a period in which the general confidence in the approval of the Ether's ETF was pretty low.
Since this tweet, the price of $ETH has increased by approximatively 23%. This bullish signal might mean that the SEC is planning to approve the ETF, especially since it's an electoral year and the attitude of the potential presidents towards Cryptocurrencies in general is a major topic which could attract a lot of voters.
An additional factor to take into consideration is that #Blackrock has filed for an $ETH ETF as well. Blackrock is the world's largest investment manager and out of all the ETFs they have filed for, only 💥 ONE 💥has ever been rejected.
Moreover, ETH is a major player in the cryptocurrency market. Most applications are built on top of this blockchain (more specifically, most applications use #EVM - Ethereum Virtual Machine), so classifying it as Security would affect the vast majority of the market as well.
Another important point is that there is an ETH ETF already approved in Hong Kong. USA generally doesn't want to fall behind China when it comes to decisions that could have big implications for their economy.
Due to these reasons, I personally suspect we could see the approval of the ETH ETF sooner than later.
BUT 🤷it is also worth to keep in mind that a lot of big players are in this market and market sentiment can be manipulated. The view has shifted to optimism related to the ETF approval which would mean that a rejection of the ETF could lead to significant drops in price, benefitting a small number of people.
In this scenario, even if the ETF won't be approved, it's only a matter of time, a question of "when", rather than "if" it will happen.
Please Do Your Own Research (DYOR) and take multiple factors into account when investing.
