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Different type of Networking .!
Blockchain technology Network .!
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#crypto2023 #blockChain #networks #Binance
Different type of Networking .!
Blockchain technology Network .!
join us via crypto crowd
#crypto2023 #blockChain #networks #Binance
Move Assets Between Wallets
I recently purchased an entire Wallet with crypto in it. As the wallet previously belonged to another trader, I was not happy knowing that the wallet was not secure because the previous owner could still have the recovery phrase etc. I was also not fond of the wallet provider being used. I decided to move all the Assets to a brand new wallet, where I was in control of the Assets.
I wanted a new wallet address and mnemonic phrase and having the functionality that I am comfortable with. I also wanted to keep all the assets separate for a period so I could monitor the performance of my seperately.
To do this, I needed my iOS or Android device,
Access to the Old Wallet (OW) & app, the blank New Wallet (NW) & app.
I collected the details of all the Networks and Tokens from OW. Also from one of the stats apps ran a report of all the assets and balances from OW. To make the transfer smoother, I converted all the small balance assets to a single Asset (I converted all to USDT but its up to you)
-Download, install & set up the latest version of both apps on your device
-Open the NW app, select Create a new wallet Accept terms & backup the secret phrase (depending on the wallet)
-Add or enable the necessary Networks and Tokens in NW (Backup both wallets)
-In the NW app scroll/search for the asset & select Receive or Deposit
-Use Copy or Share option to Email yourself the address (I added the addresses as contacts in OW to avoid sending each address via email) I prepared a spreadsheet with Addresses & amounts (for reconciliation)
-Open OW & select Send from the menu, search/select the asset to be sent
-From OW paste/select the address for NW in the Recipient address
-Review the details & Confirm
Complete! Your assets are now in your NW. Depending on the asset, transfer times are from a few minutes to much longer. Repeat for each Asset
From NW run reports & match to the OW report. Some assets lost due to fees and slippage, but my crypto is secure in my new wallet
#recovery #AssetProtection #wallet-to-wallet #TokenTransfers #networks
I recently purchased an entire Wallet with crypto in it. As the wallet previously belonged to another trader, I was not happy knowing that the wallet was not secure because the previous owner could still have the recovery phrase etc. I was also not fond of the wallet provider being used. I decided to move all the Assets to a brand new wallet, where I was in control of the Assets.
I wanted a new wallet address and mnemonic phrase and having the functionality that I am comfortable with. I also wanted to keep all the assets separate for a period so I could monitor the performance of my seperately.
To do this, I needed my iOS or Android device,
Access to the Old Wallet (OW) & app, the blank New Wallet (NW) & app.
I collected the details of all the Networks and Tokens from OW. Also from one of the stats apps ran a report of all the assets and balances from OW. To make the transfer smoother, I converted all the small balance assets to a single Asset (I converted all to USDT but its up to you)
-Download, install & set up the latest version of both apps on your device
-Open the NW app, select Create a new wallet Accept terms & backup the secret phrase (depending on the wallet)
-Add or enable the necessary Networks and Tokens in NW (Backup both wallets)
-In the NW app scroll/search for the asset & select Receive or Deposit
-Use Copy or Share option to Email yourself the address (I added the addresses as contacts in OW to avoid sending each address via email) I prepared a spreadsheet with Addresses & amounts (for reconciliation)
-Open OW & select Send from the menu, search/select the asset to be sent
-From OW paste/select the address for NW in the Recipient address
-Review the details & Confirm
Complete! Your assets are now in your NW. Depending on the asset, transfer times are from a few minutes to much longer. Repeat for each Asset
From NW run reports & match to the OW report. Some assets lost due to fees and slippage, but my crypto is secure in my new wallet
#recovery #AssetProtection #wallet-to-wallet #TokenTransfers #networks
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$PROM Integrates Omniscia Into The Ecosystem
Omniscia is a #decentralized team of experienced smart contract auditors & developers with deep expertise building and securing complex decentralized networks and applications. Their engineers have been building and auditing distributed systems that power multimillion-dollar economies since 2017. They are helping startups and enterprises design, build and secure complex decentralized #networks & applications.
Security is and will always be a top priority for $PROM and other projects in their ecosystem. By joining forces with Omniscia, they strive to raise the bar of user and product safety.
#prom $PROM #promvalidators
Omniscia is a #decentralized team of experienced smart contract auditors & developers with deep expertise building and securing complex decentralized networks and applications. Their engineers have been building and auditing distributed systems that power multimillion-dollar economies since 2017. They are helping startups and enterprises design, build and secure complex decentralized #networks & applications.
Security is and will always be a top priority for $PROM and other projects in their ecosystem. By joining forces with Omniscia, they strive to raise the bar of user and product safety.
#prom $PROM #promvalidators
📇 700,000 new addresses were created in the Bitcoin network per day
This confirms expectations of another parabolic rise, according to analyst Ali Martinez. According to him, we should pay attention to this event as it may indicate future price changes. From August 8 to the present, both the bitcoin price and the number of new addresses have been on an upward trend, despite differences in their growth trajectories.
#BTC🔥🔥 #Network #networks #ERC20 #Bitcoin_Talk
This confirms expectations of another parabolic rise, according to analyst Ali Martinez. According to him, we should pay attention to this event as it may indicate future price changes. From August 8 to the present, both the bitcoin price and the number of new addresses have been on an upward trend, despite differences in their growth trajectories.
#BTC🔥🔥 #Network #networks #ERC20 #Bitcoin_Talk
Understanding Second-Layer-Solutions
Blockchain technology has brought about a revolution in the way we think about and use digital currencies. However, one of the main challenges facing #blockchain networks is scalability. As more people use blockchain networks, the network can become congested, leading to slow transaction speeds and high fees. Second-layer solutions are emerging as a promising approach to address these issues. In this article, we will explore what second-layer solutions are, how they work, and their benefits.
What are Second-Layer Solutions?
Second-layer solutions are off-chain networks that operate alongside the main blockchain network. These networks are designed to improve the scalability of blockchain networks by reducing the load on the main network. The idea is to move some of the processing off-chain, while still maintaining the security and integrity of the main blockchain network.
How do Second-Layer Solutions Work?
Second-layer solutions work by creating a separate network that is connected to the main blockchain network. Transactions are processed on the second layer, rather than on the main blockchain network. Once the transactions are processed on the second layer, the results are then updated on the main blockchain network. This reduces the load on the main blockchain network, improving scalability.
Types of second-layer solution
There are several types of second-layer solutions, including state channels, sidechains, and Plasma.
State Channels
State channels are off-chain networks that enable participants to conduct transactions without involving the main blockchain network. The transactions are conducted off-chain, and the results are only updated on the main blockchain network when the channel is closed. This approach reduces the load on the main network and improves transaction speed.
Sidechains
Sidechains are separate blockchain networks that are connected to the main blockchain network. Transactions are conducted on the sidechain, and the results are then updated on the main blockchain network. This approach enables developers to create applications that are not possible on the main blockchain network, while still maintaining the security and integrity of the main network.
Plasma
Plasma is a second-layer solution that is designed to improve the scalability of Ethereum. Plasma uses a hierarchical structure to process transactions, with each layer handling a subset of transactions. This approach enables Ethereum to process more transactions per second, improving scalability.
Benefits of Second-Layer Solutions
Second-layer solutions offer several benefits, including:
Improved Scalability: Second-layer solutions are designed to reduce the load on the main blockchain network, improving scalability. This enables blockchain networks to process more transactions per second, making them more efficient and user-friendly.
Lower Fees: Second-layer solutions reduce the load on the main blockchain network, which reduces the fees associated with transactions. This makes blockchain networks more accessible to users with lower transaction volumes.
Faster Transaction Speeds: Second-layer solutions process transactions off-chain, which means they can be completed much faster than on the main blockchain network. This makes blockchain networks more efficient and user-friendly.
Increased Functionality: Second-layer solutions enable developers to create applications that are not possible on the main blockchain network. This expands the functionality of blockchain networks, making them more versatile and adaptable to different use cases.
Conclusion
Second-layer solutions are a promising approach to addressing the scalability challenges facing blockchain networks. By moving some of the processing off-chain, second-layer solutions reduce the load on the main blockchain network, improving scalability, lowering fees, and increasing transaction speeds. As blockchain #networks continue to evolve, second-layer solutions are likely to play an increasingly important role in enabling new applications and use cases.
What are Second-Layer Solutions?
Second-layer solutions are off-chain networks that operate alongside the main blockchain network. These networks are designed to improve the scalability of blockchain networks by reducing the load on the main network. The idea is to move some of the processing off-chain, while still maintaining the security and integrity of the main blockchain network.
How do Second-Layer Solutions Work?
Second-layer solutions work by creating a separate network that is connected to the main blockchain network. Transactions are processed on the second layer, rather than on the main blockchain network. Once the transactions are processed on the second layer, the results are then updated on the main blockchain network. This reduces the load on the main blockchain network, improving scalability.
Types of second-layer solution
There are several types of second-layer solutions, including state channels, sidechains, and Plasma.
State Channels
State channels are off-chain networks that enable participants to conduct transactions without involving the main blockchain network. The transactions are conducted off-chain, and the results are only updated on the main blockchain network when the channel is closed. This approach reduces the load on the main network and improves transaction speed.
Sidechains
Sidechains are separate blockchain networks that are connected to the main blockchain network. Transactions are conducted on the sidechain, and the results are then updated on the main blockchain network. This approach enables developers to create applications that are not possible on the main blockchain network, while still maintaining the security and integrity of the main network.
Plasma
Plasma is a second-layer solution that is designed to improve the scalability of Ethereum. Plasma uses a hierarchical structure to process transactions, with each layer handling a subset of transactions. This approach enables Ethereum to process more transactions per second, improving scalability.
Benefits of Second-Layer Solutions
Second-layer solutions offer several benefits, including:
Improved Scalability: Second-layer solutions are designed to reduce the load on the main blockchain network, improving scalability. This enables blockchain networks to process more transactions per second, making them more efficient and user-friendly.
Lower Fees: Second-layer solutions reduce the load on the main blockchain network, which reduces the fees associated with transactions. This makes blockchain networks more accessible to users with lower transaction volumes.
Faster Transaction Speeds: Second-layer solutions process transactions off-chain, which means they can be completed much faster than on the main blockchain network. This makes blockchain networks more efficient and user-friendly.
Increased Functionality: Second-layer solutions enable developers to create applications that are not possible on the main blockchain network. This expands the functionality of blockchain networks, making them more versatile and adaptable to different use cases.
Conclusion
Second-layer solutions are a promising approach to addressing the scalability challenges facing blockchain networks. By moving some of the processing off-chain, second-layer solutions reduce the load on the main blockchain network, improving scalability, lowering fees, and increasing transaction speeds. As blockchain #networks continue to evolve, second-layer solutions are likely to play an increasingly important role in enabling new applications and use cases.
#OpenfabricAI enhances the interoperability of #OFN with other blockchain networks. Interoperability is crucial for the growth of the cryptocurrency ecosystem, allowing different platforms to communicate and transact seamlessly. #AI ensures that #OFN can interact with other #networks efficiently, broadening its utility and integration in the #digital finance world.
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Recent Developments In CUDOS Intercloud
#CUDOS recently released statistics for the month of August. CUDOS reached several important milestones indicating the rapid growth of the platform:
- 10,000+ Users: The CUDO ecosystem now has over 10,000 users, demonstrating the increasing interest in decentralized #cloud solutions.
- 20,000+ Virtual Machines (VMs) Deployed: With more than 20,000 VMs deployed, CUDOS’ infrastructure continues to scale, offering users more robust and flexible cloud resources.
- 400,000+ #Compute Hours Logged: Over 400,000 compute hours were recorded, providing powerful computational services for AI, blockchain, and various other workloads.
- $600,000+ in Revenue: CUDOS surpassed $600K in total platform revenue, marking significant growth in financial performance.
One of the standout moments of August was our strategic partnership with Storj. This collaboration is designed to support high-performance AI clusters and provide multi-petabyte storage, crucial for large-scale AI and Web3 applications.
In addition, the recent merger of CUDOS and ASI Aliance will enable to launch several key features aimed at supporting high-performance AI workloads:
- Bare-metal support: Expected to go live soon, this will allow for efficient #AI model training, particularly those that require high data throughput and computing power.
- Scaling on other networks: CUDOS will integrate with various #networks to ensure seamless scaling for clients with high compute demands.
- S3 storage: This standard will provide scalable storage options for AI workloads, making it easier for developers to handle large datasets and store results through a process called checkpointing.
#CUDOS recently released statistics for the month of August. CUDOS reached several important milestones indicating the rapid growth of the platform:
- 10,000+ Users: The CUDO ecosystem now has over 10,000 users, demonstrating the increasing interest in decentralized #cloud solutions.
- 20,000+ Virtual Machines (VMs) Deployed: With more than 20,000 VMs deployed, CUDOS’ infrastructure continues to scale, offering users more robust and flexible cloud resources.
- 400,000+ #Compute Hours Logged: Over 400,000 compute hours were recorded, providing powerful computational services for AI, blockchain, and various other workloads.
- $600,000+ in Revenue: CUDOS surpassed $600K in total platform revenue, marking significant growth in financial performance.
One of the standout moments of August was our strategic partnership with Storj. This collaboration is designed to support high-performance AI clusters and provide multi-petabyte storage, crucial for large-scale AI and Web3 applications.
In addition, the recent merger of CUDOS and ASI Aliance will enable to launch several key features aimed at supporting high-performance AI workloads:
- Bare-metal support: Expected to go live soon, this will allow for efficient #AI model training, particularly those that require high data throughput and computing power.
- Scaling on other networks: CUDOS will integrate with various #networks to ensure seamless scaling for clients with high compute demands.
- S3 storage: This standard will provide scalable storage options for AI workloads, making it easier for developers to handle large datasets and store results through a process called checkpointing.
Guide to PYTH Staking for Airdrop Opportunities
Trending
#ALT Currently, numerous projects are utilizing the oracle services provided by #PythNetwork , and some of these projects do not yet have their own tokens.
There is a possibility that they will airdrop tokens to PYTH stakers upon the token's launch. In the following article, @WISE CRYPTO NEWS will guide you on how to stake PYTH to potentially receive airdrops from various promising projects.
Introduction to Pyth Network (#PYTH/USDT. )
Pyth #networks is an oracle solution that provides highly accurate market data from professional traders and #exchanges for smart contracts. The goal of Pyth Network is to offer prices for every asset on the blockchain and empower asset owners and data users. Currently, many projects are utilizing the oracle services provided by Pyth Network.
Trending
#ALT Currently, numerous projects are utilizing the oracle services provided by #PythNetwork , and some of these projects do not yet have their own tokens.
There is a possibility that they will airdrop tokens to PYTH stakers upon the token's launch. In the following article, @WISE CRYPTO NEWS will guide you on how to stake PYTH to potentially receive airdrops from various promising projects.
Introduction to Pyth Network (#PYTH/USDT. )
Pyth #networks is an oracle solution that provides highly accurate market data from professional traders and #exchanges for smart contracts. The goal of Pyth Network is to offer prices for every asset on the blockchain and empower asset owners and data users. Currently, many projects are utilizing the oracle services provided by Pyth Network.