mywebdream

Theoretical impact of data on Bitcoin price, everyone must pay attention to the data in time.


Non-farm payrolls
Higher than expected: US stocks fell, the dollar rose
Gold fell; Fed tightened
Below expectations: US stocks rose, the dollar fell,
Gold rose; Fed cut interest rates

A brief introduction to what zero-knowledge proof is.

Zero-Knowledge Proof (ZKP) is a cryptographic protocol that allows one party (the prover) to prove to another party (the verifier) ​​that a statement is true without revealing any specific information about the statement. The concept of zero-knowledge proof was proposed by Shafi Goldwasser, Silvio Micali and Charles Rackoff in 1985 and has been widely used in cryptography and computer science.

Three major properties of zero-knowledge proof

1. Completeness:

• If the statement is true, an honest prover can convince an honest verifier.

2. Soundness:

• If the statement is false, the probability that a non-cheating prover can convince an honest verifier is very small (usually negligible).

3. Zero-Knowledge:

• If the statement is true, the verifier does not obtain any additional information beyond the statement.

Types of Zero-Knowledge Proofs

1. Interactive Zero-Knowledge Proofs:

• The prover and the verifier prove the truth of a statement through multiple rounds of interaction.

2. Non-Interactive Zero-Knowledge Proofs (NIZK):

• The prover generates a single proof that can be verified by any verifier without further interaction.

The application of zero-knowledge proofs, to put it bluntly, is the process of knowing that you are awesome but not knowing how you are awesome. The token worth paying attention to in this field is zkSync~

Zero-knowledge proofs have a wide range of applications in many fields, including but not limited to:

1. Blockchain and cryptocurrency:

• Zero-knowledge proofs are used to ensure the privacy and security of transactions, such as the application of zk-SNARKs and zk-STARKs technology in Zcash and other privacy coins.

2. Authentication:

• Verify the identity of the user without exposing the user's password or other sensitive information.

3. Secure multi-party computation:

• Multiple parties perform joint computation without disclosing their private data.

4. Data privacy protection:

• Protect data privacy and ensure that sensitive information is not disclosed when sharing or processing data.

Example

Example of interactive zero-knowledge proof: map coloring problem

Suppose there is a map, and the prover claims that the map can be colored with four colors so that the colors of adjacent regions are different. The verifier wants to verify this claim, but does not want to know the specific coloring scheme.

1. The prover first colors the map with four colors.

2. The prover masks the color of each region and randomly swaps the color labels.

3. The prover shows the swapped map to the verifier.

4. The verifier randomly selects a pair of adjacent regions and asks the prover to reveal the colors of these regions.

5. The prover reveals the colors, and the verifier checks whether the colors of this pair of adjacent regions are different.

6. Repeat the above steps multiple times, and the verifier selects a different pair of adjacent regions each time.

If the prover can correctly reveal the colors each time and the colors are different, then the verifier can have a high degree of confidence that the prover does have a correct coloring scheme without knowing the specific scheme.

Summary

Zero-knowledge proof is a powerful cryptographic tool that can prove the authenticity of certain statements without leaking information. It has broad application prospects in fields such as blockchain, identity authentication, and data privacy protection.

Tokens worth watching in the GameFi space. Although GameFi is no longer a hot topic, I am mainly focusing on MANA this year~

1. Axie Infinity (AXS)

• Description: Axie Infinity is an Ethereum-based blockchain game where players can collect, breed, battle, and trade virtual pets (Axies) in the game.

• Features: AXS tokens are used for governance, staking, and payments within the game. Axie Infinity is one of the most popular blockchain games currently, with a large player community and a highly active market.

2. The Sandbox (SAND)

• Description: The Sandbox is a virtual world where players can create, own, and monetize their gaming experiences and assets.

• Features: SAND tokens are used to trade virtual land and items, participate in governance, and stake for rewards. The Sandbox has a strong user-generated content (UGC) community and a rich ecosystem.

3. Decentraland (MANA)

• Description: Decentraland is a decentralized virtual reality platform where players can buy, develop, and trade virtual real estate.

• Features: MANA tokens are used to purchase virtual land, items and services, participate in governance and market transactions. Decentraland is one of the leaders in the field of blockchain virtual reality.

4. Gala Games (GALA)

• Description: Gala Games is a platform focused on providing players with decentralized gaming experiences, with multiple blockchain-based games.

• Features: GALA tokens are used for in-game purchases, governance and rewards. Gala Games has attracted a lot of attention through its diverse game portfolio and active community.

5. Illuvium (ILV)

• Description: Illuvium is an open-world RPG game where players can capture and fight various creatures (Illuvials) in the game.

• Features: ILV tokens are used for governance, staking and rewards. Illuvium has attracted widespread attention in the GameFi field for its high-quality gaming experience and strong technical support.

Summary of inscription runes~

Bitcoin series

BRC-20 (inscription):

• Ordi (faucet): the pioneer token of the Bitcoin inscription protocol.

• sats: the smallest unit of Bitcoin used for transactions.

• rats: an experimental token on the Bitcoin blockchain.

ARC-20 (inscription):

• ATOM (faucet): the core token of the Bitcoin inscription ecosystem.

• Realm: a Bitcoin inscription token for the virtual world.

SRC-20 (stamp):

• stamp: a digital stamp token.

• Kevin: a collectible stamp on the Bitcoin blockchain.

• utxo: a digital stamp form of unspent transaction output.

Rune (rune):

• Pipe (faucet): the main token of the Bitcoin rune protocol.

Rune Alpha (rune):

• COOK: an experimental token of the Bitcoin rune ecosystem.

• PSBTS: a Bitcoin rune token for complex transactions.

Ethscription series

Ethscription:

• eths (faucet): the main token of the Ethereum inscription protocol.

• Facet: an Ethereum inscription token for digital collectibles.

IERC-20:

• ethi: Standard token on Ethereum.

Inscription tokens on other chains

DRC-20 (Dogecoin):

• dogi: Inscription token on Dogecoin blockchain.

BSC-20 (BSC):

• bnbs: Inscription token on Binance Smart Chain.

SPL-20 (SOL):

• Sols: Inscription token on Solana blockchain.

LRC-20 (Litecoin):

• lite: Inscription token on Litecoin blockchain.

PRC-20 (Polygon):

• pols: Inscription token on Polygon blockchain.

ASC-20 (Avalanche):

• avav: Inscription token on Avalanche blockchain.

• asct: Avalanche Inscription token for transactions.

• avas: Experimental Inscription token on Avalanche.

TRC-20 (TRON):

• trxi: Inscription token on TRON blockchain.

ORC-20:

• Inscription tokens on other chains: Inscription token standards for other blockchains.

Among some well-known Defi, the one I personally like the most is definitely $UNI

1. Uniswap


• Description: Uniswap is a decentralized exchange (DEX) that allows users to trade tokens without an intermediary.

• Features: Automated Market Maker (AMM) model, liquidity pool, low transaction fees.

2. Aave

• Description: Aave is a decentralized lending platform where users can lend and borrow crypto assets.

• Features: variable and fixed interest rates, flash loans, and a wide variety of collateral.

3. Compound

• Description: Compound is an algorithm-driven decentralized lending protocol that allows users to earn interest or borrow crypto assets.

• Features: Dynamic adjustment of interest rate algorithm, support for multiple tokens, governance token COMP.

4. MakerDAO

• Description: MakerDAO is a decentralized autonomous organization responsible for issuing the Dai stablecoin.
• Features: Overcollateralization, decentralized stablecoins, governance token MKR.

5. Curve Finance

• Description: Curve Finance is a decentralized exchange that focuses on efficient trading of stablecoins.

• Features: Low slippage, low fees, optimized liquidity pools.

6. SushiSwap

• Description: SushiSwap is a decentralized exchange that was originally a fork of Uniswap.

• Features: Liquidity mining, governance token SUSHI, community-driven.

7. Yearn Finance

• Description: Yearn Finance is an aggregated yield optimization platform that helps users get the highest yield in the DeFi ecosystem.

• Features: Yield strategy, automated investment, governance token YFI.

8. Balancer

• Description: Balancer is a decentralized exchange and automated market maker platform that supports multi-asset pools.

• Features: Flexible liquidity pools, dynamic transaction fees, governance token BAL.

9. PancakeSwap

• Description: PancakeSwap is a decentralized exchange based on Binance Smart Chain.

• Features: low transaction fees, liquidity mining, governance token CAKE.

10. Synthetix

• Description: Synthetix is ​​a decentralized synthetic asset issuance platform that supports the creation and trading of various financial assets.

• Features: synthetic assets, collateralized SNX tokens, on-chain price oracles.

It is neither difficult nor easy to do contracts
1. The difficult part is human greed and the difficult part is position control
2. The easy part is short-term + margin + your own trading system (for example, you can get 300U of income every day and leave)
3. But you must choose a coin that suits your style. I have been doing short-term $OP
Why did I choose him? Because I am a dead short seller. I can’t help it🤷🏻‍♀️
4. Just use the technical analysis that suits you, such as order flow, smart money, and liquidation chart

Coins worth watching in the ETH L2 track

1. Polygon ($MATIC )


Polygon is one of the most well-known Layer 2 solutions, designed to provide faster and lower-cost transactions. Polygon provides a range of solutions, including PoS chains, Plasma chains, ZK Rollups, etc.

• Token: MATIC

• Features: Support for multiple expansion solutions, a strong ecosystem, and wide application support

• Official website: Polygon

2. Optimism ($op)


Optimism is an optimistic rollup solution that aims to use optimistic rollup technology to expand Ethereum's transaction processing capabilities.

• Token: OP

• Features: High compatibility with Ethereum mainnet, fast transactions, low fees

• Official website: Optimism

3. Arbitrum ($ARB)


Arbitrum is another popular optimistic rollup solution that aims to increase Ethereum's transaction throughput and reduce transaction fees.

• Token: ARB

• Features: high throughput, low latency, high compatibility with Ethereum mainnet

• Official website: Arbitrum

4. zkSync ($ZKS)

zkSync is a zero-knowledge rollup (ZK Rollup) solution that uses zero-knowledge proof technology to provide efficient transaction processing.

• Token: ZKS

• Features: high security, low fees, fast transaction confirmation

• Official website: zkSync

5. Loopring ($LRC)

Loopring is a zkRollup-based decentralized exchange and payment protocol that aims to provide fast, secure and low-cost transaction services.
• Token: LRC
• Features: efficient decentralized exchange, payment protocol, high throughput

• Official website: Loopring

6. Immutable X ($IMX)

Immutable X is a Layer 2 solution focused on the NFT market, using zkRollup technology to provide fast and low-cost NFT minting and trading services.

• Token: IMX
• Features: Focus on the NFT market, zero transaction fees, fast transaction confirmation
• Official website: Immutable X

7. StarkNet ($STARK)
StarkNet is a STARK-based Layer 2 solution developed by StarkWare, providing high throughput and low-cost transaction services.

• Token: STARK
• Features: Using STARK technology, high throughput, low fees
• Official website: StarkNet

A collection of ETH's historical highs and lows since its release, let's stand in awe of the market

2015

• Lowest point: $0.42 (October 21, 2015)

• Highest point: $1.24 (August 7, 2015, first trading day)

• Event: Ethereum is officially released.

2016

• Lowest point: $0.89 (January 2016)

• Highest point: $21.52 (June 17, 2016)

• Event: The DAO hacking incident, which led to a hard fork and the creation of Ethereum Classic (ETC).

2017

• Low: $7.98 (January 1, 2017)

• High: $774.69 (December 31, 2017)

• Event: Ethereum price breaks $100 for the first time and rises rapidly during the ICO boom.

2018

• Low: $83.05 (December 2018)

• High: $1,396.42 (January 13, 2018)

• Event: Crypto market crash known as the “Bitcoin crash”.

2019

• Low: $106.74 (January 2019)

• High: $361.40 (June 26, 2019)

• Event: Market recovers from the 2018 crash, and DeFi (decentralized finance) begins to rise.

2020

• Low: $105.84 (January 2020)

• High: $737.80 (December 2020)

• Event: The COVID-19 pandemic caused volatility in global financial markets and stimulated safe-haven demand for cryptocurrencies.

2021

• Low: $737.65 (January 1, 2021)

• High: $4,815.01 (November 9, 2021)

• Event: The outbreak of NFT (non-fungible tokens) and DeFi has driven the rapid rise in Ethereum prices.

2022

• Low: $896.11 (June 18, 2022)

• High: $3,876.79 (January 2, 2022)

• Event: Luna and TerraUSD collapsed, causing market panic and a sharp drop in prices.

2023

• Low: $1,073.91 (January 2023)

• High: $2,137.32 (April 2023)

• Event: FTX exchange went bankrupt, causing market volatility.

2024 (so far)

• Low: $3,038.40 (May 15, 2024)

• High: $4,293.56 (April 2024)

• Event: Spot Bitcoin ETF launched, boosting market sentiment.