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Top 30 Low Market Cap Crypto Coins with High Use CasesFinding lesser-known crypto coins with high potential, low market cap, and strong use cases can be challenging but rewarding. These hidden gems usually have untapped potential and can yield substantial returns if they succeed. The following are crypto coins listed on Binance that generally fit the criteria you're looking for—low market cap, high use cases, and under-the-radar potential: 1. Covalent (CQT) Use case: Decentralized data provider for querying blockchain data. Potential: Massive growth potential in the decentralized data space. 2. Chromia (CHR) Use case: A relational blockchain platform for decentralized apps. Potential: Unique architecture for building scalable dApps. 3. Velas (VLX) Use case: Hybrid chain combining Solana’s speed with AI-driven features. Potential: Fast and scalable with a focus on innovation in DeFi and Web3. 4. Pundi X (PUNDIX) Use case: Facilitating cryptocurrency payments at retail locations. Potential: A practical use case that integrates crypto in real-world payments. 5. Alpaca Finance (ALPACA) Use case: Leveraged yield farming platform on Binance Smart Chain. Potential: Helps maximize yield in DeFi ecosystems. 6. Bella Protocol (BEL) Use case: A suite of DeFi products with easy-to-use interfaces. Potential: Simplifies DeFi for the average user. 7. Xensor (XSR) Use case: IoT and data management blockchain solution. Potential: Gaining traction in the growing IoT sector. 8. IoTeX (IOTX) Use case: Blockchain-based IoT platform for real-world devices. Potential: Focus on connecting devices securely using blockchain. 9. Litentry (LIT) Use case: Decentralized identity aggregation protocol. Potential: Solves major identity issues in DeFi and dApp ecosystems. 10. ARPA (ARPA) Use case: Privacy-preserving computation network. Potential: High demand for privacy solutions in the blockchain space. 11. Tokocrypto (TKO) Use case: A hybrid centralized/decentralized exchange platform. Potential: Grows with Indonesia’s crypto market. 12. PowerPool (CVP) Use case: Token pools for governance power in DeFi ecosystems. Potential: Unlocks governance power for smaller token holders. 13. Marlin (POND) Use case: High-performance programmable network infrastructure. Potential: Focuses on improving blockchain network speed and efficiency. 14. NKN (NKN) Use case: Decentralized data transmission network. Potential: Aims to disrupt centralized data networks like AWS. 15. Celer Network (CELR) Use case: Layer-2 scaling platform for faster blockchain transactions. Potential: Integral to scaling Ethereum and other blockchains. 16. Frontier (FRONT) Use case: DeFi aggregator allowing users to manage DeFi positions. Potential: Simplifies the complex DeFi landscape for users. 17. MANTRA DAO (OM) Use case: Decentralized finance platform for staking, lending, and governance. Potential: Strong DAO (Decentralized Autonomous Organization) model. 18. Trust Wallet Token (TWT) Use case: Governance token for the Trust Wallet platform. Potential: Grows with Trust Wallet’s user base. 19. Elrond (EGLD) Use case: High-throughput blockchain for dApps and enterprise solutions. Potential: Unique adaptive state sharding tech for scalability. 20. Bounce Token (AUCTION) Use case: Decentralized auction protocol. Potential: Growing as an auction platform in the NFT and DeFi sectors. 21. Aion (AION) Use case: Open application network bridging various blockchains. Potential: Focusing on multi-chain interoperability. 22. Dock (DOCK) Use case: Platform for verifiable credentials on the blockchain. Potential: Strong use case in decentralized identity verification. 23. Vidya (VIDYA) Use case: Gaming-focused token with in-game economy mechanics. Potential: Growth in the gamified blockchain space. 24. BarnBridge (BOND) Use case: Tokenized risk and structured DeFi products. Potential: Innovative approach to risk management in DeFi. 25. Dego Finance (DEGO) Use case: NFT and DeFi hybrid platform. Potential: Early mover in the NFT finance sector. 26. RAMP (RAMP) Use case: Cross-chain liquidity for staking assets. Potential: Unlocks liquidity in the DeFi staking world. 27. Firo (FIRO) Use case: Privacy-focused cryptocurrency using zk-SNARKs. Potential: Strong focus on user anonymity and privacy. 28. Bluzelle (BLZ) Use case: Decentralized storage and database solutions. Potential: Growing need for decentralized data storage. 29. Travala (AVA) Use case: Blockchain-based travel booking platform. Potential: Real-world application of blockchain in the travel industry. 30. TomoChain (TOMO) Use case: Scalable blockchain for dApps and smart contracts. Potential: Unique consensus mechanism with low fees and fast transactions. Narration: In the ever-evolving crypto market, the key to success often lies in discovering projects that aren’t making headlines but have a solid foundation in terms of technology, adoption, and long-term utility. These coins typically have lower market caps, meaning they have substantial room for growth compared to well-known giants like Bitcoin or Ethereum. Some of the coins listed above are already being implemented in emerging industries such as IoT, privacy tech, decentralized finance (DeFi), or decentralized identity solutions. Take IoTeX (IOTX), for example, a blockchain that integrates real-world devices with a decentralized ecosystem. Or consider Bluzelle (BLZ), a project tackling the need for decentralized data storage as our digital world becomes increasingly vulnerable to breaches and centralized data failures. Although these coins may not have the mass adoption of mainstream assets, their low market caps combined with robust use cases place them in a position for high growth if they succeed in their niches. Keep in mind that investing in these coins can be riskier due to their volatility and lower liquidity, but the reward potential is high for those who do their research and enter at the right time.

Top 30 Low Market Cap Crypto Coins with High Use Cases

Finding lesser-known crypto coins with high potential, low market cap, and strong use cases can be challenging but rewarding. These hidden gems usually have untapped potential and can yield substantial returns if they succeed. The following are crypto coins listed on Binance that generally fit the criteria you're looking for—low market cap, high use cases, and under-the-radar potential:

1. Covalent (CQT)

Use case: Decentralized data provider for querying blockchain data.

Potential: Massive growth potential in the decentralized data space.

2. Chromia (CHR)

Use case: A relational blockchain platform for decentralized apps.

Potential: Unique architecture for building scalable dApps.

3. Velas (VLX)

Use case: Hybrid chain combining Solana’s speed with AI-driven features.

Potential: Fast and scalable with a focus on innovation in DeFi and Web3.

4. Pundi X (PUNDIX)

Use case: Facilitating cryptocurrency payments at retail locations.

Potential: A practical use case that integrates crypto in real-world payments.

5. Alpaca Finance (ALPACA)

Use case: Leveraged yield farming platform on Binance Smart Chain.

Potential: Helps maximize yield in DeFi ecosystems.

6. Bella Protocol (BEL)

Use case: A suite of DeFi products with easy-to-use interfaces.

Potential: Simplifies DeFi for the average user.

7. Xensor (XSR)

Use case: IoT and data management blockchain solution.

Potential: Gaining traction in the growing IoT sector.

8. IoTeX (IOTX)

Use case: Blockchain-based IoT platform for real-world devices.

Potential: Focus on connecting devices securely using blockchain.

9. Litentry (LIT)

Use case: Decentralized identity aggregation protocol.

Potential: Solves major identity issues in DeFi and dApp ecosystems.

10. ARPA (ARPA)

Use case: Privacy-preserving computation network.

Potential: High demand for privacy solutions in the blockchain space.

11. Tokocrypto (TKO)

Use case: A hybrid centralized/decentralized exchange platform.

Potential: Grows with Indonesia’s crypto market.

12. PowerPool (CVP)

Use case: Token pools for governance power in DeFi ecosystems.

Potential: Unlocks governance power for smaller token holders.

13. Marlin (POND)

Use case: High-performance programmable network infrastructure.

Potential: Focuses on improving blockchain network speed and efficiency.

14. NKN (NKN)

Use case: Decentralized data transmission network.

Potential: Aims to disrupt centralized data networks like AWS.

15. Celer Network (CELR)

Use case: Layer-2 scaling platform for faster blockchain transactions.

Potential: Integral to scaling Ethereum and other blockchains.

16. Frontier (FRONT)

Use case: DeFi aggregator allowing users to manage DeFi positions.

Potential: Simplifies the complex DeFi landscape for users.

17. MANTRA DAO (OM)

Use case: Decentralized finance platform for staking, lending, and governance.

Potential: Strong DAO (Decentralized Autonomous Organization) model.

18. Trust Wallet Token (TWT)

Use case: Governance token for the Trust Wallet platform.

Potential: Grows with Trust Wallet’s user base.

19. Elrond (EGLD)

Use case: High-throughput blockchain for dApps and enterprise solutions.

Potential: Unique adaptive state sharding tech for scalability.

20. Bounce Token (AUCTION)

Use case: Decentralized auction protocol.

Potential: Growing as an auction platform in the NFT and DeFi sectors.

21. Aion (AION)

Use case: Open application network bridging various blockchains.

Potential: Focusing on multi-chain interoperability.

22. Dock (DOCK)

Use case: Platform for verifiable credentials on the blockchain.

Potential: Strong use case in decentralized identity verification.

23. Vidya (VIDYA)

Use case: Gaming-focused token with in-game economy mechanics.

Potential: Growth in the gamified blockchain space.

24. BarnBridge (BOND)

Use case: Tokenized risk and structured DeFi products.

Potential: Innovative approach to risk management in DeFi.

25. Dego Finance (DEGO)

Use case: NFT and DeFi hybrid platform.

Potential: Early mover in the NFT finance sector.

26. RAMP (RAMP)

Use case: Cross-chain liquidity for staking assets.

Potential: Unlocks liquidity in the DeFi staking world.

27. Firo (FIRO)

Use case: Privacy-focused cryptocurrency using zk-SNARKs.

Potential: Strong focus on user anonymity and privacy.

28. Bluzelle (BLZ)

Use case: Decentralized storage and database solutions.

Potential: Growing need for decentralized data storage.

29. Travala (AVA)

Use case: Blockchain-based travel booking platform.

Potential: Real-world application of blockchain in the travel industry.

30. TomoChain (TOMO)

Use case: Scalable blockchain for dApps and smart contracts.

Potential: Unique consensus mechanism with low fees and fast transactions.

Narration:

In the ever-evolving crypto market, the key to success often lies in discovering projects that aren’t making headlines but have a solid foundation in terms of technology, adoption, and long-term utility. These coins typically have lower market caps, meaning they have substantial room for growth compared to well-known giants like Bitcoin or Ethereum. Some of the coins listed above are already being implemented in emerging industries such as IoT, privacy tech, decentralized finance (DeFi), or decentralized identity solutions.

Take IoTeX (IOTX), for example, a blockchain that integrates real-world devices with a decentralized ecosystem. Or consider Bluzelle (BLZ), a project tackling the need for decentralized data storage as our digital world becomes increasingly vulnerable to breaches and centralized data failures.

Although these coins may not have the mass adoption of mainstream assets, their low market caps combined with robust use cases place them in a position for high growth if they succeed in their niches. Keep in mind that investing in these coins can be riskier due to their volatility and lower liquidity, but the reward potential is high for those who do their research and enter at the right time.
what happens When all 21 million Bitcoin are mined$BTC {spot}(BTCUSDT) , a significant shift will occur in the Bitcoin ecosystem. This scenario, projected to happen around 2140, will raise several questions about the sustainability and functionality of the network, as the entire Bitcoin economy is dependent on the principles of scarcity and decentralization. The Current Bitcoin Mining Model Bitcoin operates on a Proof-of-Work (PoW) system where miners solve complex mathematical puzzles to validate transactions and add new blocks to the blockchain. In return, they are rewarded with newly minted Bitcoin (the block reward) and transaction fees. The block reward, which began at 50 BTC per block, is halved approximately every four years in an event known as the "halving." The current reward, as of 2024, is 6.25 BTC per block, and this will continue to decrease until the total supply of 21 million Bitcoin is reached. Post-21 Million Bitcoin: No More Block Rewards Once the last Bitcoin is mined, miners will no longer receive newly created Bitcoin as a reward. The primary income source for miners will then become transaction fees, which users pay to have their transactions confirmed quickly. Impact on Miners Mining operations, which require substantial energy and hardware investment, may see a decrease in profitability without block rewards. If transaction fees are insufficient to sustain mining operations, many miners may exit the network. This could result in less computational power (hash rate) securing the network, making it more vulnerable to attacks. However, there’s also the possibility that Bitcoin's adoption could continue to grow, leading to higher transaction volumes and increased fees. In this scenario, the network could sustain itself through fees alone. Some argue that by 2140, advancements in technology may reduce mining costs, making it easier for miners to remain profitable even without block rewards. Network Security Bitcoin’s security relies on its decentralized network of miners, and fewer miners could pose a threat. If the hash rate decreases, the network may become more susceptible to a "51% attack," where a single entity gains majority control of the network and can manipulate transactions. However, Bitcoin’s protocol could evolve over the next century, implementing new methods to enhance security without depending entirely on miners. Deflationary Pressure and Scarcity Bitcoin’s fixed supply of 21 million creates a deflationary asset, meaning its value could increase as demand rises over time. When the supply is capped, and assuming demand continues to grow, Bitcoin's scarcity may cause its value to appreciate. Long-term holders may benefit from this, but it could also limit liquidity and make Bitcoin less useful as a medium of exchange. As Bitcoin becomes rarer, people may hoard it, anticipating further price increases. This could lead to a scenario where Bitcoin is primarily viewed as a store of value, similar to digital gold, rather than being used for everyday transactions. Transaction Fees and Scalability To maintain network security and incentivize miners, transaction fees will need to rise. While this ensures miners continue to validate transactions, higher fees could make Bitcoin less practical for smaller, everyday transactions, pushing users toward other cryptocurrencies or solutions like the Lightning Network, which enables faster, cheaper transactions off-chain. Bitcoin’s scalability will play a critical role in its post-mining future. If solutions like the Lightning Network are widely adopted, they could reduce pressure on the main blockchain, allowing for lower transaction fees and keeping the network accessible. Bitcoin as Digital Gold As Bitcoin becomes increasingly scarce and block rewards disappear, its role as "digital gold" may be solidified. People may use Bitcoin primarily as a store of value rather than for everyday transactions, much like gold today. This could make it more appealing to long-term investors and institutions looking for a hedge against inflation and traditional financial instability. Future Protocol Developments Bitcoin’s decentralized nature means that changes to its protocol are difficult and require consensus. However, as the end of block rewards approaches, the community may propose and implement new mechanisms to ensure the network’s sustainability. These could include different reward structures or innovations to improve scalability and security without relying solely on transaction fees. In conclusion, when all Bitcoin is mined, the network will undergo significant changes. Miners will rely solely on transaction fees, which may lead to increased costs for users but could also enhance Bitcoin’s scarcity-driven value. The Bitcoin ecosystem may adapt, with advances in technology and protocol upgrades ensuring the network remains secure and functional even without new Bitcoin issuance. This post-mining era will challenge the resilience of Bitcoin’s decentralized system, but its core principles of scarcity and security will likely drive innovation and sustain its long-term appeal. #WeAreAllSatoshi #BinanceTurns7

what happens When all 21 million Bitcoin are mined

$BTC
, a significant shift will occur in the Bitcoin ecosystem. This scenario, projected to happen around 2140, will raise several questions about the sustainability and functionality of the network, as the entire Bitcoin economy is dependent on the principles of scarcity and decentralization.

The Current Bitcoin Mining Model

Bitcoin operates on a Proof-of-Work (PoW) system where miners solve complex mathematical puzzles to validate transactions and add new blocks to the blockchain. In return, they are rewarded with newly minted Bitcoin (the block reward) and transaction fees. The block reward, which began at 50 BTC per block, is halved approximately every four years in an event known as the "halving." The current reward, as of 2024, is 6.25 BTC per block, and this will continue to decrease until the total supply of 21 million Bitcoin is reached.

Post-21 Million Bitcoin: No More Block Rewards

Once the last Bitcoin is mined, miners will no longer receive newly created Bitcoin as a reward. The primary income source for miners will then become transaction fees, which users pay to have their transactions confirmed quickly.

Impact on Miners

Mining operations, which require substantial energy and hardware investment, may see a decrease in profitability without block rewards. If transaction fees are insufficient to sustain mining operations, many miners may exit the network. This could result in less computational power (hash rate) securing the network, making it more vulnerable to attacks.

However, there’s also the possibility that Bitcoin's adoption could continue to grow, leading to higher transaction volumes and increased fees. In this scenario, the network could sustain itself through fees alone. Some argue that by 2140, advancements in technology may reduce mining costs, making it easier for miners to remain profitable even without block rewards.

Network Security

Bitcoin’s security relies on its decentralized network of miners, and fewer miners could pose a threat. If the hash rate decreases, the network may become more susceptible to a "51% attack," where a single entity gains majority control of the network and can manipulate transactions. However, Bitcoin’s protocol could evolve over the next century, implementing new methods to enhance security without depending entirely on miners.

Deflationary Pressure and Scarcity

Bitcoin’s fixed supply of 21 million creates a deflationary asset, meaning its value could increase as demand rises over time. When the supply is capped, and assuming demand continues to grow, Bitcoin's scarcity may cause its value to appreciate. Long-term holders may benefit from this, but it could also limit liquidity and make Bitcoin less useful as a medium of exchange.

As Bitcoin becomes rarer, people may hoard it, anticipating further price increases. This could lead to a scenario where Bitcoin is primarily viewed as a store of value, similar to digital gold, rather than being used for everyday transactions.

Transaction Fees and Scalability

To maintain network security and incentivize miners, transaction fees will need to rise. While this ensures miners continue to validate transactions, higher fees could make Bitcoin less practical for smaller, everyday transactions, pushing users toward other cryptocurrencies or solutions like the Lightning Network, which enables faster, cheaper transactions off-chain.

Bitcoin’s scalability will play a critical role in its post-mining future. If solutions like the Lightning Network are widely adopted, they could reduce pressure on the main blockchain, allowing for lower transaction fees and keeping the network accessible.

Bitcoin as Digital Gold

As Bitcoin becomes increasingly scarce and block rewards disappear, its role as "digital gold" may be solidified. People may use Bitcoin primarily as a store of value rather than for everyday transactions, much like gold today. This could make it more appealing to long-term investors and institutions looking for a hedge against inflation and traditional financial instability.

Future Protocol Developments

Bitcoin’s decentralized nature means that changes to its protocol are difficult and require consensus. However, as the end of block rewards approaches, the community may propose and implement new mechanisms to ensure the network’s sustainability. These could include different reward structures or innovations to improve scalability and security without relying solely on transaction fees.

In conclusion, when all Bitcoin is mined, the network will undergo significant changes. Miners will rely solely on transaction fees, which may lead to increased costs for users but could also enhance Bitcoin’s scarcity-driven value. The Bitcoin ecosystem may adapt, with advances in technology and protocol upgrades ensuring the network remains secure and functional even without new Bitcoin issuance. This post-mining era will challenge the resilience of Bitcoin’s decentralized system, but its core principles of scarcity and security will likely drive innovation and sustain its long-term appeal.

#WeAreAllSatoshi #BinanceTurns7
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imagine you invested and never opened Binance for 6+ years and you literally forgot about Binance and your investments .one day you randomly install Binance and the screen shows this what will be your reaction ?đŸ€ŁđŸ˜Ž {spot}(BTCUSDT)
imagine you invested and never opened Binance for 6+ years and you literally forgot about Binance and your investments .one day you randomly install Binance and the screen shows this what will be your reaction ?đŸ€ŁđŸ˜Ž
If you invested $1000 in Paxos Gold (PAXG) at the beginning of each month in 2024, here's how your portfolio would grow by October 2024: {spot}(PAXGUSDT) Jan 2024: $1000 Feb 2024: $2010 Mar 2024: $3042 Apr 2024: $4089 May 2024: $5130 Jun 2024: $6194 Jul 2024: $7271 Aug 2024: $8377 Sep 2024: $9458 Oct 2024: $10,570 Your portfolio value would reach approximately $10,570 by October 2024, assuming steady price growth in Paxos Gold. #WeAreAllSatoshi #BinanceTurns7 #InvestmentOpportunities
If you invested $1000 in Paxos Gold (PAXG) at the beginning of each month in 2024, here's how your portfolio would grow by October 2024:

Jan 2024: $1000

Feb 2024: $2010

Mar 2024: $3042

Apr 2024: $4089

May 2024: $5130

Jun 2024: $6194

Jul 2024: $7271

Aug 2024: $8377

Sep 2024: $9458

Oct 2024: $10,570

Your portfolio value would reach approximately $10,570 by October 2024, assuming steady price growth in Paxos Gold.

#WeAreAllSatoshi #BinanceTurns7 #InvestmentOpportunities
If you had invested $1000 in Pendle at its all-time low of $0.0337773 on November 14, 2022, the value of your investment today (October 10, 2024) would be approximately $109,541. {spot}(PENDLEUSDT) Here's how the value of your investment would have grown month by month: Nov 2022: $1,000 Dec 2022: $1,184 Mar 2023: $5,329 Jun 2023: $13,323 Sep 2023: $44,409 Nov 2023: $74,014 May 2024: $148,028 Oct 2024: $109,541 This reflects the significant price increase of Pendle over time, with fluctuations in between.
If you had invested $1000 in Pendle at its all-time low of $0.0337773 on November 14, 2022, the value of your investment today (October 10, 2024) would be approximately $109,541.

Here's how the value of your investment would have grown month by month:

Nov 2022: $1,000

Dec 2022: $1,184

Mar 2023: $5,329

Jun 2023: $13,323

Sep 2023: $44,409

Nov 2023: $74,014

May 2024: $148,028

Oct 2024: $109,541

This reflects the significant price increase of Pendle over time, with fluctuations in between.
Uniswap launches Unichain: Uniswap has introduced its own layer-2 chain, Unichain, designed for faster and cheaper transactions. This app chain promises cross-chain interoperability, addressing concerns about transaction speed and cost {spot}(UNIUSDT) #BinanceTurns7 #WeAreAllSatoshi
Uniswap launches Unichain: Uniswap has introduced its own layer-2 chain, Unichain, designed for faster and cheaper transactions. This app chain promises cross-chain interoperability, addressing concerns about transaction speed and cost
#BinanceTurns7 #WeAreAllSatoshi
what is scroll 📜???Scroll is a Layer 2 scaling solution for Ethereum that aims to improve the network's scalability, security, and efficiency by using zk-Rollups (Zero-Knowledge Rollups). The key idea behind Scroll is to batch multiple transactions into a single one, reducing the load on Ethereum's main chain while maintaining its security and decentralization. Here's a detailed look at Scroll and its importance in the crypto space: $SCR {spot}(SCRUSDT) Introduction to Scroll: Scroll is built with the aim of addressing Ethereum's scalability issues, where high transaction fees and slow processing times have been significant challenges, especially during periods of network congestion. Scroll employs zk-Rollups, a type of Layer 2 scaling technology that allows many transactions to be bundled together and processed off-chain. The results are then submitted to the Ethereum mainnet, significantly reducing the data and computational requirements of Ethereum transactions. How Scroll Works: The use of zk-Rollups ensures that only the proof of validity (instead of the entire data of each transaction) is submitted to Ethereum’s base layer. This keeps the network secure and decentralized but at the same time boosts the speed and reduces costs. As Ethereum users continue to grow, the demand for such efficient solutions has increased, and Scroll is one of the innovative responses to this demand. Importance of zk-Rollups: Zero-Knowledge Rollups, like the one Scroll utilizes, are critical in reducing gas fees and increasing transaction throughput. Unlike optimistic rollups, which assume transactions are valid unless proven otherwise, zk-Rollups create cryptographic proofs to verify the validity of each batch of transactions. This makes the process faster, cheaper, and more secure. Integration with Ethereum: Scroll is designed to be fully compatible with Ethereum, meaning developers can easily build decentralized applications (dApps) on top of Scroll without needing to learn new tools or frameworks. This ease of integration makes it an attractive option for developers looking for scalability without sacrificing the security and decentralization of Ethereum. Future Potential: As Ethereum transitions to Ethereum 2.0 and continues to evolve with upgrades like sharding, solutions like Scroll will play a key role in making the network more efficient and user-friendly. Scroll’s zk-Rollup technology can help Ethereum scale while maintaining its core values of decentralization, security, and accessibility. In conclusion, Scroll’s contribution to the Ethereum ecosystem through its zk-Rollup solution is a significant step toward solving the ongoing scalability challenges that Ethereum faces. It holds great potential for improving the user experience by making transactions faster and more affordable while keeping the security and decentralization intact.

what is scroll 📜???

Scroll is a Layer 2 scaling solution for Ethereum that aims to improve the network's scalability, security, and efficiency by using zk-Rollups (Zero-Knowledge Rollups). The key idea behind Scroll is to batch multiple transactions into a single one, reducing the load on Ethereum's main chain while maintaining its security and decentralization. Here's a detailed look at Scroll and its importance in the crypto space:
$SCR
Introduction to Scroll: Scroll is built with the aim of addressing Ethereum's scalability issues, where high transaction fees and slow processing times have been significant challenges, especially during periods of network congestion. Scroll employs zk-Rollups, a type of Layer 2 scaling technology that allows many transactions to be bundled together and processed off-chain. The results are then submitted to the Ethereum mainnet, significantly reducing the data and computational requirements of Ethereum transactions.
How Scroll Works: The use of zk-Rollups ensures that only the proof of validity (instead of the entire data of each transaction) is submitted to Ethereum’s base layer. This keeps the network secure and decentralized but at the same time boosts the speed and reduces costs. As Ethereum users continue to grow, the demand for such efficient solutions has increased, and Scroll is one of the innovative responses to this demand.
Importance of zk-Rollups: Zero-Knowledge Rollups, like the one Scroll utilizes, are critical in reducing gas fees and increasing transaction throughput. Unlike optimistic rollups, which assume transactions are valid unless proven otherwise, zk-Rollups create cryptographic proofs to verify the validity of each batch of transactions. This makes the process faster, cheaper, and more secure.
Integration with Ethereum: Scroll is designed to be fully compatible with Ethereum, meaning developers can easily build decentralized applications (dApps) on top of Scroll without needing to learn new tools or frameworks. This ease of integration makes it an attractive option for developers looking for scalability without sacrificing the security and decentralization of Ethereum.
Future Potential: As Ethereum transitions to Ethereum 2.0 and continues to evolve with upgrades like sharding, solutions like Scroll will play a key role in making the network more efficient and user-friendly. Scroll’s zk-Rollup technology can help Ethereum scale while maintaining its core values of decentralization, security, and accessibility.
In conclusion, Scroll’s contribution to the Ethereum ecosystem through its zk-Rollup solution is a significant step toward solving the ongoing scalability challenges that Ethereum faces. It holds great potential for improving the user experience by making transactions faster and more affordable while keeping the security and decentralization intact.
CZ announced on X (formerly Twitter) that he will attend Binance Blockchain Week in Dubai on October 30-31 in a personal capacity. He described it as "one of the biggest Web3 events of the year" and added, "See you there." {spot}(BNBUSDT)
CZ announced on X (formerly Twitter) that he will attend Binance Blockchain Week in Dubai on October 30-31 in a personal capacity. He described it as "one of the biggest Web3 events of the year" and added, "See you there."
According to BlockBeats, Lookonchain monitoring revealed that BlockTower, a venture capital firm, received 653,000 EIGEN tokens from Wintermute, valued at $2.38 million, on October 10. Just 20 hours earlier, BlockTower had transferred 1,815 MKR tokens, worth $2.48 million, to Galaxy Digital. This sequence of events suggests that BlockTower may have sold the MKR tokens and used the proceeds to purchase the EIGEN tokens. {spot}(EIGENUSDT) {spot}(MKRUSDT)
According to BlockBeats, Lookonchain monitoring revealed that BlockTower, a venture capital firm, received 653,000 EIGEN tokens from Wintermute, valued at $2.38 million, on October 10. Just 20 hours earlier, BlockTower had transferred 1,815 MKR tokens, worth $2.48 million, to Galaxy Digital. This sequence of events suggests that BlockTower may have sold the MKR tokens and used the proceeds to purchase the EIGEN tokens.
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