William-Gan

Portal: https://t.me/coincraze_labs_bot/coincraze?startapp=63500348802754049

1. Highlights
Coincraze is a very special game. Among many TG games, it is a highly playable one. It is also very suitable for free play. You can get a high ranking without spending a penny!

The basic gameplay is the familiar sheep-catching game, which is very easy to get started, but there are many interesting innovations:

- The second level that a sheep can never pass has been abandoned, and the difficulty increases smoothly
- Created a level system, you can gain experience and level up by eliminating icons or passing levels

A few days ago, Solana Labs' first Web3 mobile phone, Saga, released in May this year, was sold out in the US market, leaving only European stock. Its price even exceeds that of the iPhone 15. The price on resale platforms such as eBay was once as high as around US$2,000, and two phones were even sold for as high as US$5,000. According to Solana co-founder Raj Gokal, Saga sales have increased more than 10 times and are now expected to be sold out before the new year and will need to increase prices. However, there are rumors that the sudden surge in Saga mobile phone sales, even behind the crazy premium in the second-hand market, is mainly related to the sudden surge in the price of the Solana meme currency $BONK that it gave away. It is reported that all new users can apply for up to 30 million BONK meme coins when purchasing Saga mobile phones. While it may sound like a lot, at the time it was roughly $10 at $0.0000003 per token. But in the past 30 days, BONK has increased more than 100 times. In other words, the surge in the value of the token has created an interesting arbitrage opportunity for potential buyers, and the current equivalent value of BONK tokens has completely offset the purchase cost of the phone. Crypto KOL Tyler pointed out that the market’s strong interest in the Saga mobile phone is not only because of the BONK tokens contained in it, but also because of optimism about possible airdrops and minting NFT rights in the future. Therefore, users trading the Solana Saga mobile phone are actually trading a An NFT series with a supply of 20,000. This integration with the Solana ecosystem, especially through initiatives such as the BONK token airdrop, has attracted widespread attention from the community, increasing its popularity and sales. So, why has BONK risen so alarmingly? In fact, BONK launched in December 2021 after the fall of Sam Bankman-Fried, which caused a sharp decline in the popularity of the Solana ecosystem. Therefore, the Bonk team hopes to break this inequality and provide everyone with a fair opportunity by creating an interesting meme currency. The purpose is to oppose "Alameda"-style token economics after the FTX incident and restore support for the Solana ecosystem. and the confidence of $SOL holders. Although BONK was originally designed as a meme coin, it quickly gained adoption within the Solana ecosystem. From DeFi to games, from NFT to social media, BONK has been present in every corner of the Solana ecosystem, demonstrating its versatility and broad application potential as a digital currency.In addition, BONK's listing on multiple exchanges also provides it with strong liquidity support. Not long ago, Coinbase announced on X that BONK has been added to its listing roadmap. Coinbase listings typically have three stages: roadmap, support confirmation, and then official trading. About five hours after the roadmap was announced, BONK on other cryptocurrency exchanges plunged 27%, with Bitcoin flat during the period. Nearly 18 hours later, Coinbase confirmed that BONK’s U.S. dollar market would open at noon the next day in New York. BONK has gained 50% in the period, more than doubling in the 18 hours after hitting Coinbase. Two days after its listing, BONK’s market value once exceeded US$2 billion. It has since fallen back by two-fifths. Despite the current pullback, BONK has still nearly doubled since Coinbase confirmed its listing last Wednesday. Subsequently, Binance also announced the listing of Bonk (BONK) and opened spot trading on multiple trading pairs at 08:00 on December 15, 2023 (UTC). Additionally, Binance plans to expand its product offering by introducing BONK as a new loanable asset and introduce new margin pairs on Standalone Margin, which is expected to launch two days after listing. Therefore, when looking at the status and influence of the BONK token in the Solana ecosystem, we have not only witnessed its significant growth and market acceptance as a meme coin, but also its extensive integration in diverse fields. BONK’s success is not only reflected in its astonishing market value and price growth, but also in its deep integration with various projects. At the same time, from a deeper perspective, the creation of Bonk token is also a rebellion against traditional cryptocurrency economics. Summary The Solana Saga mobile phone has aroused widespread interest among users through its combination with BONK tokens, airdrops and NFT staking, as well as its integration with the Solana ecosystem. This innovative marketing method has produced significant results in the field of encrypted mobile phones, driving a boom in mobile phone transactions. It is foreseeable that as the encryption economy continues to develop, there will be more and more integrations between encryption and traditional industries. This integration will bring more innovation opportunities and business models to traditional industries. Encrypted mobile phones are just one example of integration, and more innovative products and services that integrate encryption with traditional industries may appear in the future.Reprinted from Lianke Tianxia #sol #bonk

In this round of market conditions, in addition to the Inscription track, the most eye-catching track is undoubtedly the DePin track. This article will take you to understand what DePinDePIN (Decentralized Physical Infrastructure Networks) is, a decentralized physical infrastructure network that uses blockchain technology and allows participation. Authors deploy hardware devices without permission and trust to provide real-world services or digital resources. Its core is that users obtain returns by leasing the services provided by the hardware. DePIN covers a wide range of fields. According to Messari's classification, it can be divided into two categories: physical resources (PRN) and digital resources (DRN). Physical resources include wireless networks, geospatial networks, mobile networks, and energy networks; digital resources include data storage, computing power, and network bandwidth. The basic flywheel logic of the DePIN track is to encourage more supply-side participation through the token economy. With sufficient resource supply, price competition will occur. Sufficient resources and good prices will promote demand. When demand arises, tokens will With value capture, coins can better promote price increases and attract more resource suppliers. DePIN is a track that is perfectly suitable for crypto. It is a combination of decentralized infrastructure, blockchain technology, and token economy. Blockchain technology can solve problems such as rights confirmation and verification, while token economy encourages more participation. , the source of building network effects. Reposted from @XiongDa_labs Picture source: messari

1. If the Bitcoin Knots client, as Luke said, rejects transactions containing the $Ordi inscription after upgrade, will the inscription still work? Answer: If it is the Bitcoin Knots client's turn to generate a block, the inscription transaction will not be available (unable to be uploaded to the chain). 2. So is the probability of Bitcoin Knots client generating blocks high? Answer: It is currently relatively small. Currently (December 2023) there are more than 17,000 Bitcoin Core clients, and there are less than 100 Knots clients (but it can reach 500 when it is relatively high). 3. Wait, what is the client? Answer: For the PoW blockchain, there is a software that needs to undertake the three functions of "storage ledger, mining and wallet". This software is the "client". Because the blockchain is open (permissionless), anyone can theoretically develop a client as long as it satisfies the consensus of this chain. So there can be various clients, such as Bitcoin Core and Knots. 4. If Bitcoin Core really follows up and decides to ban inscription trading, will inscriptions be completely untradeable? Answer: No. Because the Bitcoin Core client needs to be subdivided, many people are using older versions. So far, among the 17,000+ Bitcoin Core client users, 9,000 are using versions 24-25 and 5,000 are using versions 21-23. Therefore, even if the rules prohibiting the abuse of block space are added in version 27, the old version can still be used normally. So as long as you wait patiently and wait until it is the turn of the old version Core to produce blocks, this inscription can continue to be used. That is, for example, it can be uploaded in 10 minutes now, but it will take 30 minutes in the future. Of course, miners have a tendency to upgrade to the latest version. If everyone gradually upgrades, the usability of inscriptions will become very poor. 5. If Ordi decides to fork the Bitcoin chain, will it succeed? Answer: Technically, forking is very simple. Just copy the Bitcoin Core code and you can use it without even needing to change it (because the old version supports it). By consensus, forking is difficult. What is consensus? It is almost impossible to get miners, exchanges, Holders, and even the SEC to all agree that "the big pie that includes the small pie is the real big pie." 6. I must fork, so does a forked Bitcoin make sense? Answer: Yes, but it is very limited. What Bitcoin is proud of is the security guaranteed by its powerful computing power.If there is a new chain, which is not as secure as Bitcoin, and can issue various digital artifacts...wait, then why not use the EVM chain? 7. Are Ordi and BRC-20 really using the Bitcoin blockchain by exploiting vulnerabilities? Answer: Yes, but the word "exploiting loopholes" is a bit too much. I think it is at best "bypassing restrictions". After all, subjectively speaking, Ordi does not go as far as "exploiting vulnerabilities," a term generally used to describe hackers. But objectively, it does result in a waste of Bitcoin block space. 8. Really? What is the process of engraving? How to get around it? Answer: "Engraving" means selecting a certain Satoshi BTC, that is, 0.00000001BTC, and "dying" it. Then use Taproot (which is one of Bitcoin's new technologies) to make notes on this 1 Satoshi Bitcoin in the form of a text script. For example, note: The protocol is Ord, the format is UTF-8, and the content is "hello world". If we insist on using an analogy, it would be roughly equivalent to: WeChat red envelopes are originally transfers. As a result, now I transfer 1 cent to you every time, and the two of us have to chat through the notes on the red envelope. This is hardly an exploit, but probably an abuse. Normally Bitcoin does not support making NFTs, but it is realized in disguise through this form of "transfer + notes". At the same time, through the use of Taproot technology, the original upper limit of notes has been bypassed, allowing it to increase from a few bytes to a maximum of 512 bytes. 8.5 A quick aside: Notes and smart contracts are different, you should know that. Smart contract means signing a contract. And notes are notes. The effectiveness of the two is not the same. This is also one of the differences between Ethereum NFT and BRC inscriptions. -If I use a smart contract to transfer money to you, it is a real transfer that cannot be denied. -If I transfer money to you with a note, for example, the inscription of Todd now belongs to Alex, I just wrote it in the note. Now with this agreement Ordi, the ruling considers this note to be valid, and it is deemed that my transfer to you is successful. 9. The inscription is not an NFT, right? Indeed not, there is a difference between the two. A lot of NFT data is stored on the chain, and all inscriptions are stored on the BTC chain. Of course, it is a double-edged sword, and this is precisely the headache for BTC. The advantage is that the income of miners has become higher, so *maybe* after N times of halving, it will be an important income for miners.The disadvantage is that the Bitcoin ledger is enlarged (after all, a lot of extra content is added to bypass restrictions), which is not conducive to the storage of full nodes. The larger the ledger is and the fewer full nodes are, the more the blockchain looks like a consortium chain. 9.5 Does the size of the ledger really matter? The ETH ledger has always been very large. In recent years, we have become aware of this problem and have been discussing how to cut off some historical states and even historical ledgers. Bitcoin has always done better in this regard because it uses small blocks. The size of the ledger is not too large, so there are many full nodes and it is very decentralized. 10. Where should the inscription go? Maybe it would be a good idea to proactively limit the trading volume and cut some off the current basis. Taproot is a new technology of Bitcoin Core, which is also intended to enable Bitcoin to implement some basic scripting functions. Ordi can use Taproot to bypass the maximum comment limit. But stuffing too many things into Bitcoin in a bypass way is not a good idea. After all, expanding from a few bytes to hundreds of bytes is hundreds of times worse. However, if we make some restrictions and grasp a certain standard, we will not cause a "tragedy of the commons". I believe that the Bitcoin core community will not be too disgusted with such digital artifacts and gadgets, and this may be a better choice. Reposted from @Ox_Todd#ORDI $ORDI