Stock Tech Cypher
Investing is a journey, not a destination. Stay informed, analyze the trends, and make strategic decisions for long-term success.
Following
Followers
Liked
Shared
Ripple as Infrastructure Network for Banks
What is Ripple:
Ripple is a blockchain protocol for inter-bank settlements. Ripple is designed to work with existing institutions to facilitate the ability to quickly transact any asset globally. The Ripple protocol’s native currency, XRP, is only required to pay fees for transactions on the Ripple network. It can be used in other instances, but banks have the option to transact IOUs in any asset, including USD, EUR, and other fiat currencies. Ripple Inc. builds an infrastructure protocol that facilitates decentralized exchange of assets between banks.
What are the current challenges:
If our banks do not have a trusted relationship, then we must wait for the money to actually be transferred, or the transaction must be routed through a mutually trusted third party. Both of these processes are slower and more costly than simple IOU issuance. These transfers are more complex across borders, where banks are less likely to have trusted relationships.
Bank in India and bank in China, may not have a trusted relationship. If I want to send money from my account at Bank in India to my friend’s account at China, the payment must route through multiple parties. Each transaction has a cost and takes time. Thus, international payments are slow and expensive.
There are third parties such as Visa, Mastercard, Money Exchange, etc involved would charge high transaction fee and cumbersome settlement process that are executed by different parties to reconcile the single transactions made between the persons.
The transactions go through multiple parties where there are potential possibilities of delay, slow to process, expensive. Each bank has to hold certain amount of liquid with third parties for trust.
How the Ripple solutions:
Ripple allows banks to move from a system of disjointed, trust-based databases to a single distributed database, the Ripple ledger. This gives transactions a fluidity and speed that can’t be achieved in the legacy system, and it greatly frees up working capital. Ripple solves real problems for banks. The Ripple network is essentially a map of trust lines. When two parties wish to exchange value, but do not have a direct line of trust, Ripple routes the transaction through the fastest and shortest possible path of trusted parties, enabling global parties to transact instantly without establishing new trust lines. The network provides a distributed ledger that logs all of these transactions.
Ripple Network as a Trust Map:
Imagine the Ripple network like a giant map where each connection between people or banks is a "trust line." If you want to send money to someone but you don't directly trust them, Ripple finds the shortest and quickest route through other trusted connections to move that money.
How Transactions Work:
No Direct Trust? No Problem: If you (let's say, User A) want to send money to someone (User B) who banks with a different institution, you don't need to open an account with their bank. Instead, your bank (BankX) issues an IOU (I Owe You) on the Ripple network in XRP, or it can be any fiat or crypto currency, for example, RLUSD.Different Banks, Different IOUs: Even though both BankX and BankY issue USD IOUs (RLUSD and USDT), they might not be exactly equal because the risk of one bank failing could make one IOU more valuable than the other.Sending Money: If User A wants to send $50 to User B:BankX issues $50 worth of RLUSD on the Ripple network.This IOU travels through the network to find the best path to reach User B, who might use BankY.Conversion:The transaction goes through an "order book" where someone (a market maker) who holds both types of USD IOUs can convert RLUSD to USDT.This market maker might make a small profit because BankX-USD could be worth a bit more than BankY-USD due to differing trust levels in the banks.Completion: Once converted, $50 in BankY-USD reaches User B's account at BankY.
What is RPCA?
Ripple Protocol Consensus Algorithm (RPCA) is like a voting system for a group of computers (called nodes or servers) that all want to agree on the same information or "truth" about transactions in the Ripple network.
How Does It Work?
Unique Node List (UNL):Each server in the Ripple network has its own list of trusted friends, known as a Unique Node List (UNL). A server only listens to these friends for updates on transactions.Transaction Proposals:Servers suggest groups of transactions (like a grocery shopping list) called "candidate sets." These are proposals on what should be recorded in the shared ledger (the official record of all transactions).Consensus Process:Servers keep swapping these lists back and forth until 80% of the servers in their UNL agree on exactly which transactions should go into the ledger, in what order.Reaching Agreement:If 80% agree, those transactions get added to the ledger. However, for the entire network to agree, there needs to be enough overlap between different UNLs.Network-Wide Consensus:If there's not enough shared trust (at least 40% overlap between UNLs), different parts of the network might agree on different things, which could lead to a "fork" where there's no single agreed-upon ledger.
In Simple Terms:
Imagine you and your friends are deciding what to eat for dinner. Each of you trusts a few friends to suggest dishes. You keep discussing until most of your trusted friends agree on a menu. But if your group of friends doesn't overlap enough with another group, you might end up with two different dinner plans. Ripple works to avoid this by ensuring there's enough common ground among all groups to agree on one dinner menu (ledger) for everyone.
Ripple Market Capital as of Dec-2024:
Nodes of decentralized Ripple:
Status nodes and validateors updated to recent version:
Source: https://assets.ctfassets.net/qtbqvna1l0yq/61a7RTBGW3oqE8gfj20mtZ/840adacd9ce65622d693623d9d6d40fa/Ripple_Analysis.pdf
Ripple is a blockchain protocol for inter-bank settlements. Ripple is designed to work with existing institutions to facilitate the ability to quickly transact any asset globally. The Ripple protocol’s native currency, XRP, is only required to pay fees for transactions on the Ripple network. It can be used in other instances, but banks have the option to transact IOUs in any asset, including USD, EUR, and other fiat currencies. Ripple Inc. builds an infrastructure protocol that facilitates decentralized exchange of assets between banks.
What are the current challenges:
If our banks do not have a trusted relationship, then we must wait for the money to actually be transferred, or the transaction must be routed through a mutually trusted third party. Both of these processes are slower and more costly than simple IOU issuance. These transfers are more complex across borders, where banks are less likely to have trusted relationships.
Bank in India and bank in China, may not have a trusted relationship. If I want to send money from my account at Bank in India to my friend’s account at China, the payment must route through multiple parties. Each transaction has a cost and takes time. Thus, international payments are slow and expensive.
There are third parties such as Visa, Mastercard, Money Exchange, etc involved would charge high transaction fee and cumbersome settlement process that are executed by different parties to reconcile the single transactions made between the persons.
The transactions go through multiple parties where there are potential possibilities of delay, slow to process, expensive. Each bank has to hold certain amount of liquid with third parties for trust.
How the Ripple solutions:
Ripple allows banks to move from a system of disjointed, trust-based databases to a single distributed database, the Ripple ledger. This gives transactions a fluidity and speed that can’t be achieved in the legacy system, and it greatly frees up working capital. Ripple solves real problems for banks. The Ripple network is essentially a map of trust lines. When two parties wish to exchange value, but do not have a direct line of trust, Ripple routes the transaction through the fastest and shortest possible path of trusted parties, enabling global parties to transact instantly without establishing new trust lines. The network provides a distributed ledger that logs all of these transactions.
Ripple Network as a Trust Map:
Imagine the Ripple network like a giant map where each connection between people or banks is a "trust line." If you want to send money to someone but you don't directly trust them, Ripple finds the shortest and quickest route through other trusted connections to move that money.
How Transactions Work:
No Direct Trust? No Problem: If you (let's say, User A) want to send money to someone (User B) who banks with a different institution, you don't need to open an account with their bank. Instead, your bank (BankX) issues an IOU (I Owe You) on the Ripple network in XRP, or it can be any fiat or crypto currency, for example, RLUSD.Different Banks, Different IOUs: Even though both BankX and BankY issue USD IOUs (RLUSD and USDT), they might not be exactly equal because the risk of one bank failing could make one IOU more valuable than the other.Sending Money: If User A wants to send $50 to User B:BankX issues $50 worth of RLUSD on the Ripple network.This IOU travels through the network to find the best path to reach User B, who might use BankY.Conversion:The transaction goes through an "order book" where someone (a market maker) who holds both types of USD IOUs can convert RLUSD to USDT.This market maker might make a small profit because BankX-USD could be worth a bit more than BankY-USD due to differing trust levels in the banks.Completion: Once converted, $50 in BankY-USD reaches User B's account at BankY.
What is RPCA?
Ripple Protocol Consensus Algorithm (RPCA) is like a voting system for a group of computers (called nodes or servers) that all want to agree on the same information or "truth" about transactions in the Ripple network.
How Does It Work?
Unique Node List (UNL):Each server in the Ripple network has its own list of trusted friends, known as a Unique Node List (UNL). A server only listens to these friends for updates on transactions.Transaction Proposals:Servers suggest groups of transactions (like a grocery shopping list) called "candidate sets." These are proposals on what should be recorded in the shared ledger (the official record of all transactions).Consensus Process:Servers keep swapping these lists back and forth until 80% of the servers in their UNL agree on exactly which transactions should go into the ledger, in what order.Reaching Agreement:If 80% agree, those transactions get added to the ledger. However, for the entire network to agree, there needs to be enough overlap between different UNLs.Network-Wide Consensus:If there's not enough shared trust (at least 40% overlap between UNLs), different parts of the network might agree on different things, which could lead to a "fork" where there's no single agreed-upon ledger.
In Simple Terms:
Imagine you and your friends are deciding what to eat for dinner. Each of you trusts a few friends to suggest dishes. You keep discussing until most of your trusted friends agree on a menu. But if your group of friends doesn't overlap enough with another group, you might end up with two different dinner plans. Ripple works to avoid this by ensuring there's enough common ground among all groups to agree on one dinner menu (ledger) for everyone.
Ripple Market Capital as of Dec-2024:
Nodes of decentralized Ripple:
Status nodes and validateors updated to recent version:
Source: https://assets.ctfassets.net/qtbqvna1l0yq/61a7RTBGW3oqE8gfj20mtZ/840adacd9ce65622d693623d9d6d40fa/Ripple_Analysis.pdf
Ripple as Infrastructure Network for Banks
What is Ripple:
Ripple is a blockchain protocol for inter-bank settlements. Ripple is designed to work with existing institutions to facilitate the ability to quickly transact any asset globally. The Ripple protocol’s native currency, XRP, is only required to pay fees for transactions on the Ripple network. It can be used in other instances, but banks have the option to transact IOUs in any asset, including USD, EUR, and other fiat currencies. Ripple Inc. builds an infrastructure protocol that f
Ripple is a blockchain protocol for inter-bank settlements. Ripple is designed to work with existing institutions to facilitate the ability to quickly transact any asset globally. The Ripple protocol’s native currency, XRP, is only required to pay fees for transactions on the Ripple network. It can be used in other instances, but banks have the option to transact IOUs in any asset, including USD, EUR, and other fiat currencies. Ripple Inc. builds an infrastructure protocol that f
The Blockchain of Doges
Hello Coiners,
Here's another #article that will elevate your understanding of cryptocurrencies or memes, the well-known #doge⚡ $DOGE
As the #CryptoMarkets are skyrocketing, understanding the purpose of the coin, underlying technology, community growth, roadmap, and solutions to real-time problems is essential for every blockchain spread across the globe.
So, spend 5 minutes to read this thread to doge your mind!!
DOGECOIN is the peer-to-peer digital currency that was rele
Here's another #article that will elevate your understanding of cryptocurrencies or memes, the well-known #doge⚡ $DOGE
As the #CryptoMarkets are skyrocketing, understanding the purpose of the coin, underlying technology, community growth, roadmap, and solutions to real-time problems is essential for every blockchain spread across the globe.
So, spend 5 minutes to read this thread to doge your mind!!
DOGECOIN is the peer-to-peer digital currency that was rele
Understand the fundamentals of #Stablecoins and invest on #blockchaininnovation
The Functional Evolution of Digital Assets
$USDC
ATTENTION, #FINANCE ENTHUSIASTS AND CURIOS #CryptoCommunity !
You've been hearing whispers about #stablecoins #USDT #USDC #RLUSDT and tokenized deposits, right? Well, it's time to dive deep into the ocean of digital finance
I've crafted an epic thread that's not just a read but an experience into the future of money!
Read the #article
Stablecoins:Purpose: Stablecoins are designed to combine the benefits of cryptocurrencies with the stability of traditional currencies, aiming to reduce volatility inherent in other digital assets like Bitcoin. They serve as a stable medium of exchange, especially useful in DeFi (Decentralized Finance) for transactions, trading, and as a store of value amidst market fluctuations.
Essentials & Impact: Stablecoins are categorized into asset-backed (like USDC, backed by fiat or other assets) and algorithmic-based (like DAI, which uses algorithms to maintain value). They've become crucial in crypto trading for minimizing exposure to price swings without converting back to fiat. Their market cap was reported at around $123 billion in 2023, with a significant portion being fiat-backed stablecoins like USDT and USDC.
Principles: They offer price stability, accessibility, the ability to engage with smart contracts on blockchains, and potentially lower costs for global transfers, making financial transactions more efficient and inclusive.
Use Cases: Besides trading, stablecoins are used in humanitarian aid, where they provide a transparent, secure, and low-cost method for transferring aid internationally, as demonstrated by initiatives like the UN's use of USDC for aid in conflict zones.
Integration & Regulatory Challenges: While stablecoins facilitate blockchain-based transactions, regulatory challenges include ensuring transparency, managing risks, and compliance with existing financial regulations. Regulatory frameworks are evolving to accommodate these digital assets, with various initiatives globally to define their legal status and operational guidelines.
Future Outlook: Stablecoins are expected to play a larger role in the global economy, potentially transforming how money is moved and stored, with regulatory clarity being pivotal for widespread adoption.
Tokenized Deposits & Liabilities:Concept: These are traditional bank deposits represented as tokens on a blockchain. This innovation could allow for instant, always-on transactions, programmable money, and efficient collateral management.
Regulated Liability Network (RLN): An example of how tokenized liabilities could work, RLN is a collaborative project aimed at creating a network where both commercial and central bank money exists in digital form, enhancing transaction speeds and security while operating within existing legal frameworks.
USDT (Tether):Overview: USDT aims to mirror the price of the US dollar, providing stability for traders and investors. It's the largest stablecoin by market cap.Backing: It's claimed to be backed by reserves of USD, though there have been controversies over its actual backing and reserve transparency.Use: Primarily used for trading, as a hedge against crypto volatility, and for remittances.
USDC (USD Coin):Overview: Issued by Circle and Coinbase, USDC is fully backed by US dollars, providing a transparent and auditable stablecoin.Transparency: Regular audits to ensure each USDC token is backed by a dollar in reserve, aiming for financial integrity.Use: Similar to USDT, but with added focus on DeFi applications, corporate treasury management, and as a more regulated option.
RLUSD (Ripple's USD Stablecoin):Potential Differentiation: If Ripple were to launch an RLUSD, it might stand out by integrating directly with RippleNet for faster, cheaper cross-border payments, leveraging Ripple's existing infrastructure for financial institutions, and potentially offering a more sustainable model through XRP's carbon neutrality claim. RLUSD could aim to provide not just stability but also enhanced transaction capabilities within Ripple's ecosystem, potentially setting a new standard in how stablecoins are used in international finance.
ATTENTION, #FINANCE ENTHUSIASTS AND CURIOS #CryptoCommunity !
You've been hearing whispers about #stablecoins #USDT #USDC #RLUSDT and tokenized deposits, right? Well, it's time to dive deep into the ocean of digital finance
I've crafted an epic thread that's not just a read but an experience into the future of money!
Read the #article
Stablecoins:Purpose: Stablecoins are designed to combine the benefits of cryptocurrencies with the stability of traditional currencies, aiming to reduce volatility inherent in other digital assets like Bitcoin. They serve as a stable medium of exchange, especially useful in DeFi (Decentralized Finance) for transactions, trading, and as a store of value amidst market fluctuations.
Essentials & Impact: Stablecoins are categorized into asset-backed (like USDC, backed by fiat or other assets) and algorithmic-based (like DAI, which uses algorithms to maintain value). They've become crucial in crypto trading for minimizing exposure to price swings without converting back to fiat. Their market cap was reported at around $123 billion in 2023, with a significant portion being fiat-backed stablecoins like USDT and USDC.
Principles: They offer price stability, accessibility, the ability to engage with smart contracts on blockchains, and potentially lower costs for global transfers, making financial transactions more efficient and inclusive.
Use Cases: Besides trading, stablecoins are used in humanitarian aid, where they provide a transparent, secure, and low-cost method for transferring aid internationally, as demonstrated by initiatives like the UN's use of USDC for aid in conflict zones.
Integration & Regulatory Challenges: While stablecoins facilitate blockchain-based transactions, regulatory challenges include ensuring transparency, managing risks, and compliance with existing financial regulations. Regulatory frameworks are evolving to accommodate these digital assets, with various initiatives globally to define their legal status and operational guidelines.
Future Outlook: Stablecoins are expected to play a larger role in the global economy, potentially transforming how money is moved and stored, with regulatory clarity being pivotal for widespread adoption.
Tokenized Deposits & Liabilities:Concept: These are traditional bank deposits represented as tokens on a blockchain. This innovation could allow for instant, always-on transactions, programmable money, and efficient collateral management.
Regulated Liability Network (RLN): An example of how tokenized liabilities could work, RLN is a collaborative project aimed at creating a network where both commercial and central bank money exists in digital form, enhancing transaction speeds and security while operating within existing legal frameworks.
USDT (Tether):Overview: USDT aims to mirror the price of the US dollar, providing stability for traders and investors. It's the largest stablecoin by market cap.Backing: It's claimed to be backed by reserves of USD, though there have been controversies over its actual backing and reserve transparency.Use: Primarily used for trading, as a hedge against crypto volatility, and for remittances.
USDC (USD Coin):Overview: Issued by Circle and Coinbase, USDC is fully backed by US dollars, providing a transparent and auditable stablecoin.Transparency: Regular audits to ensure each USDC token is backed by a dollar in reserve, aiming for financial integrity.Use: Similar to USDT, but with added focus on DeFi applications, corporate treasury management, and as a more regulated option.
RLUSD (Ripple's USD Stablecoin):Potential Differentiation: If Ripple were to launch an RLUSD, it might stand out by integrating directly with RippleNet for faster, cheaper cross-border payments, leveraging Ripple's existing infrastructure for financial institutions, and potentially offering a more sustainable model through XRP's carbon neutrality claim. RLUSD could aim to provide not just stability but also enhanced transaction capabilities within Ripple's ecosystem, potentially setting a new standard in how stablecoins are used in international finance.
The Functional Evolution of Digital Assets
$USDC
ATTENTION, #FINANCE ENTHUSIASTS AND CURIOS #CryptoCommunity !
You've been hearing whispers about #stablecoins #USDT #USDC #RLUSDT and tokenized deposits, right? Well, it's time to dive deep into the ocean of digital finance
I've crafted an epic thread that's not just a read but an experience into the future of money!
Read the #article
Stablecoins:Purpose: Stablecoins are designed to combine the benefits of cryptocurrencies with the stability of traditional currenc
ATTENTION, #FINANCE ENTHUSIASTS AND CURIOS #CryptoCommunity !
You've been hearing whispers about #stablecoins #USDT #USDC #RLUSDT and tokenized deposits, right? Well, it's time to dive deep into the ocean of digital finance
I've crafted an epic thread that's not just a read but an experience into the future of money!
Read the #article
Stablecoins:Purpose: Stablecoins are designed to combine the benefits of cryptocurrencies with the stability of traditional currenc
#SolanaUSTD $205 is critical support and $261 is critical resistance from the longtime frame view. #WatchTheMarket for more #SolanaStrong
The #XLM/USDT price is currently oscillating at the resistance line in a #TrianglePattern on the 1-hour chart. #Trading Opportunity #Watch for potential breakouts or reversals
#EthereumSignal daily chart reveals key #Fibonacci retracement levels and time-based trends, predicting potential price movements. Watch for bullish, consolidation, or bearish scenarios within the highlighted box. Stay informed! #ETH🔥🔥🔥🔥
In this Ethereum (ETH/USD) daily chart, we observe a fascinating interplay of Fibonacci time-based trend lines and Fibonacci retracement levels, providing a comprehensive outlook on potential price behavior.
The chart highlights key Fibonacci retracement levels at 0.236 (2,571.1), 0.382 (2,835.3), 0.5 (3,048.8), 0.618 (3,462.4), and 0.786 (3,666.4), which serve as critical support and resistance zones. The Fibonacci time-based trend lines, marked by vertical green and red lines, indicate significant time intervals where price action is likely to experience notable changes.
Within the highlighted box, three potential scenarios are mapped out: a bullish trend, consolidation, and a bearish trend. The bullish scenario suggests a price surge towards the 4,000 level and beyond, while consolidation indicates a sideways movement around the 3,800 mark.
Conversely, the bearish scenario points to a potential decline towards the 3,200 level. This analysis provides traders with a strategic framework to anticipate Ethereum's price movements and make informed decisions.
In this Ethereum (ETH/USD) daily chart, we observe a fascinating interplay of Fibonacci time-based trend lines and Fibonacci retracement levels, providing a comprehensive outlook on potential price behavior.
The chart highlights key Fibonacci retracement levels at 0.236 (2,571.1), 0.382 (2,835.3), 0.5 (3,048.8), 0.618 (3,462.4), and 0.786 (3,666.4), which serve as critical support and resistance zones. The Fibonacci time-based trend lines, marked by vertical green and red lines, indicate significant time intervals where price action is likely to experience notable changes.
Within the highlighted box, three potential scenarios are mapped out: a bullish trend, consolidation, and a bearish trend. The bullish scenario suggests a price surge towards the 4,000 level and beyond, while consolidation indicates a sideways movement around the 3,800 mark.
Conversely, the bearish scenario points to a potential decline towards the 3,200 level. This analysis provides traders with a strategic framework to anticipate Ethereum's price movements and make informed decisions.
Understanding Stellar Blockchain and Its Potential for Central Bank Digital Currencies (CBDCs)
Introduction to Stellar Blockchain
Stellar is an open-source, decentralized blockchain network designed to facilitate fast, cheap, and secure transactions across borders. It was founded in 2014 by Jed McCaleb, who also co-founded Ripple, and is supported by the Stellar Development Foundation. Here’s a breakdown of how Stellar works and its unique features, particularly in the context of Central Bank Digital Currencies (CBDCs).
Key Features of Stellar
Decentralized and Open-Source
Stellar operate
Stellar is an open-source, decentralized blockchain network designed to facilitate fast, cheap, and secure transactions across borders. It was founded in 2014 by Jed McCaleb, who also co-founded Ripple, and is supported by the Stellar Development Foundation. Here’s a breakdown of how Stellar works and its unique features, particularly in the context of Central Bank Digital Currencies (CBDCs).
Key Features of Stellar
Decentralized and Open-Source
Stellar operate
#NOTUSDT🚨 2H chart shows a potential long trade. Entry at 0.008542 USDT, target 0.010000 USDT (+16.69%), stop loss at 0.007494 USDT (-12.97%). Manage risk & trade smart! 📈💼 #Crypto #tradingstrategy
Happy trading! 🚀
Happy trading! 🚀
If you're already enjoying profits from #SHIBDreams but aren't sure what the token and its blockchain are all about, take a moment to read this article and continue to maximize your gains. Since meme coins like #shiba⚡ can be highly volatile, consider a strategy to set aside a portion of your profits for safer trading and investing, especially if the #shibusdt fails to break its longest candle.
Shiba Inu at a Glance
Project Vision and Purpose
The Shiba State, as outlined in the #Shib whitePaper, is a visionary project that aims to create a universally decentralized society. The core vision is to establish a global community that is governed by the principles of decentralization, equality, and mutual respect. This society is designed to be a beacon of global harmony, promoting peace, justice, and technological advancement.
Decentralized Governance: The project seeks to empower individuals through self-governance, leveraging blockchain technology, self-sovereign identity protocols, and artificial intelligence to create a decentralized and inclusive society.Global Interaction: The Shiba State aims to interact harmoniously with global entities while maintaining its unique identity and principles, ensuring respect for global norms and diversity.Sustainable Development: The society is committed to sustainable growth practices, environmental conservation, and technological innovation to ensure a harmonious relationship with the planet.
Technology and Innovation
The technology behind the Shiba State is robust and innovative, with several key features:
#blockchaintechnolo Interactions: The society uses a Layer 2 blockchain called Shibarium, which employs a Proof-of-Stake consensus mechanism involving Delegators and Validators. This ensures network security and transaction validation.Technological Stewardship: The Technological Branch, powered by the Bone token, is responsible for the upkeep, enhancement, and security of the society’s technological infrastructure. It sets technological standards and principles, ensures equitable access to technology, and promotes continuous education and research.Artificial Intelligence and Self-Sovereign Identity: The society prioritizes fairness and transparency in AI engagement and ensures that Shibizens have exclusive ownership over their digital identities.
Team and Advisors
The team and advisors involved in the Shiba State project are crucial for its development and execution:
Founding Council: The Shibizen Founding Council is responsible for guiding the vision and ensuring the implementation of the Hound’s Constitution and the Great Canine Code.Advisors: The project is advised by entities such as Bad Idea AI and Unification, which bring expertise in various fields to support the project’s growth and integrity.
Market Analysis
The target market for the Shiba State is diverse and global:
Global Community: The society aims to be one of the largest, most diverse, and most powerful communities on the globe, attracting a wide range of participants from different backgrounds and regions.Inclusive Participation: The project fosters an inclusive environment where every Shibizen feels acknowledged and integral, ensuring diverse voices contribute to the society’s decisions and endeavors.
Token Utility and Distribution
The token utility within the Shiba State ecosystem is well-defined:
Quad-Token System: The society uses a quad-token system consisting of Shib, Bone, Leash, and Treat tokens. Each token has a unique jurisdiction over different facets of the society, such as governance, technological integrity, policy safeguards, and entrepreneurial initiatives.Token Roles:Shib: Used for voting on community proposals and governing the communal fabric.Bone: Ensures technological integrity and serves as the gas token for Shibarium.Leash: Fosters a secure and respectful environment and is exclusive to Leashers.Treat: Access token for all things Shib.io, nurturing entrepreneurial growth.
Roadmap and Development Plan
The roadmap for the Shiba State is detailed and realistic:
Gestation Period: A period of 3-4 Shib Years (2023-2024) is allocated for refining, finalizing, and actualizing the charter set forth in the Hound’s Constitution.Council Structure: The society has a council structure with various branches (Charity, Culture and Heritage, Economic, Education and Research, Environmental, Ethics and Dispute Resolution, Fun & Marketing, Technology) that focus on specific societal niches and propose modifications to the charter.Amendment Process: Amendments to the Hound’s Constitution can be proposed by any council or council member, followed by a review, debate, and voting process to ensure continuous evolution and adaptation.
Legal and Regulatory Compliance
The Shiba State ensures compliance with relevant legal and regulatory requirements:
Global Financial Integrity: The society respects global financial laws and prevents misuse of the ecosystem for illicit activities through strong protocols and respect for privacy and rights.Policy Formulation: The Protection and Policy Branch formulates policies that enhance societal resilience and uphold the principles of the Great Canine Code, with collective input and consensus from all Shibizens.
Community and Ecosystem
The Shiba State has a strong and engaged community:
Shibizens and Shibarians: The society includes Shibizens, who are committed to upholding the norms and laws, and Shibarians, who are visitors contributing to the economic landscape but not formally part of the society.Councils and Branches: The community is structured around various councils and branches that ensure inclusive participation, checks and balances, and transparency in decision-making processes.
Partnerships and Collaborations
The Shiba State encourages strategic partnerships and collaborations:
Inter-Branch Initiatives: The society promotes ongoing inter-branch initiatives to cultivate a culture of cooperation and shared responsibility, including knowledge-sharing sessions, communal brainstorming, and joint training programs.External Relations: The Technology Branch nurtures relationships with external technological entities to ensure harmonious relations and the sharing of technological advancements.
Risk Factors
The project identifies and addresses several potential risks:
Power Centralization: The society has a system of checks and balances to prevent power centralization, ensuring that no single council or branch overshadows others.Security Risks: The Protection and Policy Branch is responsible for safeguarding the society against digital threats and ensuring the security of physical community spaces.Compliance Risks: Regular audits and compliance checks are in place to ensure that institutions and branches adhere to the society’s principles and policies.
Conclusion
The Shiba State project presents a compelling vision for a decentralized, inclusive, and sustainable global society. With a robust technological framework, a well-defined token utility, and a detailed roadmap, the project has strong potential for long-term success. However, it is crucial to continuously monitor and address the identified risk factors to ensure the project's longevity and integrity.
Investment ConsiderationsToken Potential: The quad-token system offers diverse utility and potential for growth, making it an attractive investment opportunity.Community Engagement: The strong and engaged community, along with the inclusive and transparent decision-making processes, can drive the project’s adoption and success.Regulatory Compliance: Ensuring compliance with global financial laws and maintaining strong security protocols reduces the risk of legal issues.Innovation and Adaptability: The society’s commitment to continuous evolution, technological innovation, and adaptability positions it well for navigating future challenges and opportunities.Overall, the Shiba State project, with its comprehensive vision, robust technology, and strong community, presents a promising investment opportunity in the blockchain and cryptocurrency space.
Disclaimer: The information provided here is solely for educational and informational purposes, aimed at helping individuals understand the concepts and mechanisms outlined in the Shiba Inu whitepaper (or "woof paper"). It is not intended to be used as investment advice or a recommendation to buy, sell, or trade Shiba Inu (SHIB) or any other cryptocurrency.
The Shiba State, as outlined in the #Shib whitePaper, is a visionary project that aims to create a universally decentralized society. The core vision is to establish a global community that is governed by the principles of decentralization, equality, and mutual respect. This society is designed to be a beacon of global harmony, promoting peace, justice, and technological advancement.
Decentralized Governance: The project seeks to empower individuals through self-governance, leveraging blockchain technology, self-sovereign identity protocols, and artificial intelligence to create a decentralized and inclusive society.Global Interaction: The Shiba State aims to interact harmoniously with global entities while maintaining its unique identity and principles, ensuring respect for global norms and diversity.Sustainable Development: The society is committed to sustainable growth practices, environmental conservation, and technological innovation to ensure a harmonious relationship with the planet.
Technology and Innovation
The technology behind the Shiba State is robust and innovative, with several key features:
#blockchaintechnolo Interactions: The society uses a Layer 2 blockchain called Shibarium, which employs a Proof-of-Stake consensus mechanism involving Delegators and Validators. This ensures network security and transaction validation.Technological Stewardship: The Technological Branch, powered by the Bone token, is responsible for the upkeep, enhancement, and security of the society’s technological infrastructure. It sets technological standards and principles, ensures equitable access to technology, and promotes continuous education and research.Artificial Intelligence and Self-Sovereign Identity: The society prioritizes fairness and transparency in AI engagement and ensures that Shibizens have exclusive ownership over their digital identities.
Team and Advisors
The team and advisors involved in the Shiba State project are crucial for its development and execution:
Founding Council: The Shibizen Founding Council is responsible for guiding the vision and ensuring the implementation of the Hound’s Constitution and the Great Canine Code.Advisors: The project is advised by entities such as Bad Idea AI and Unification, which bring expertise in various fields to support the project’s growth and integrity.
Market Analysis
The target market for the Shiba State is diverse and global:
Global Community: The society aims to be one of the largest, most diverse, and most powerful communities on the globe, attracting a wide range of participants from different backgrounds and regions.Inclusive Participation: The project fosters an inclusive environment where every Shibizen feels acknowledged and integral, ensuring diverse voices contribute to the society’s decisions and endeavors.
Token Utility and Distribution
The token utility within the Shiba State ecosystem is well-defined:
Quad-Token System: The society uses a quad-token system consisting of Shib, Bone, Leash, and Treat tokens. Each token has a unique jurisdiction over different facets of the society, such as governance, technological integrity, policy safeguards, and entrepreneurial initiatives.Token Roles:Shib: Used for voting on community proposals and governing the communal fabric.Bone: Ensures technological integrity and serves as the gas token for Shibarium.Leash: Fosters a secure and respectful environment and is exclusive to Leashers.Treat: Access token for all things Shib.io, nurturing entrepreneurial growth.
Roadmap and Development Plan
The roadmap for the Shiba State is detailed and realistic:
Gestation Period: A period of 3-4 Shib Years (2023-2024) is allocated for refining, finalizing, and actualizing the charter set forth in the Hound’s Constitution.Council Structure: The society has a council structure with various branches (Charity, Culture and Heritage, Economic, Education and Research, Environmental, Ethics and Dispute Resolution, Fun & Marketing, Technology) that focus on specific societal niches and propose modifications to the charter.Amendment Process: Amendments to the Hound’s Constitution can be proposed by any council or council member, followed by a review, debate, and voting process to ensure continuous evolution and adaptation.
Legal and Regulatory Compliance
The Shiba State ensures compliance with relevant legal and regulatory requirements:
Global Financial Integrity: The society respects global financial laws and prevents misuse of the ecosystem for illicit activities through strong protocols and respect for privacy and rights.Policy Formulation: The Protection and Policy Branch formulates policies that enhance societal resilience and uphold the principles of the Great Canine Code, with collective input and consensus from all Shibizens.
Community and Ecosystem
The Shiba State has a strong and engaged community:
Shibizens and Shibarians: The society includes Shibizens, who are committed to upholding the norms and laws, and Shibarians, who are visitors contributing to the economic landscape but not formally part of the society.Councils and Branches: The community is structured around various councils and branches that ensure inclusive participation, checks and balances, and transparency in decision-making processes.
Partnerships and Collaborations
The Shiba State encourages strategic partnerships and collaborations:
Inter-Branch Initiatives: The society promotes ongoing inter-branch initiatives to cultivate a culture of cooperation and shared responsibility, including knowledge-sharing sessions, communal brainstorming, and joint training programs.External Relations: The Technology Branch nurtures relationships with external technological entities to ensure harmonious relations and the sharing of technological advancements.
Risk Factors
The project identifies and addresses several potential risks:
Power Centralization: The society has a system of checks and balances to prevent power centralization, ensuring that no single council or branch overshadows others.Security Risks: The Protection and Policy Branch is responsible for safeguarding the society against digital threats and ensuring the security of physical community spaces.Compliance Risks: Regular audits and compliance checks are in place to ensure that institutions and branches adhere to the society’s principles and policies.
Conclusion
The Shiba State project presents a compelling vision for a decentralized, inclusive, and sustainable global society. With a robust technological framework, a well-defined token utility, and a detailed roadmap, the project has strong potential for long-term success. However, it is crucial to continuously monitor and address the identified risk factors to ensure the project's longevity and integrity.
Investment ConsiderationsToken Potential: The quad-token system offers diverse utility and potential for growth, making it an attractive investment opportunity.Community Engagement: The strong and engaged community, along with the inclusive and transparent decision-making processes, can drive the project’s adoption and success.Regulatory Compliance: Ensuring compliance with global financial laws and maintaining strong security protocols reduces the risk of legal issues.Innovation and Adaptability: The society’s commitment to continuous evolution, technological innovation, and adaptability positions it well for navigating future challenges and opportunities.Overall, the Shiba State project, with its comprehensive vision, robust technology, and strong community, presents a promising investment opportunity in the blockchain and cryptocurrency space.
Disclaimer: The information provided here is solely for educational and informational purposes, aimed at helping individuals understand the concepts and mechanisms outlined in the Shiba Inu whitepaper (or "woof paper"). It is not intended to be used as investment advice or a recommendation to buy, sell, or trade Shiba Inu (SHIB) or any other cryptocurrency.
During a #CryptoBullRun it is crucial to select and invest in the right #tokens that are linked to #blockchains which can enhance the value of your investment.
The #ICP blockchain, for instance, has the potential to revolutionize how the internet computer functions. Consider reading this
article to position yourself within this blockchain. Notably, #ICPUSDT has already broken the longest candle of the week, indicating significant potential for further growth.
The #ICP blockchain, for instance, has the potential to revolutionize how the internet computer functions. Consider reading this
article to position yourself within this blockchain. Notably, #ICPUSDT has already broken the longest candle of the week, indicating significant potential for further growth.
Unravelling ICP Blockchain White Paper: Unlocking the Future of Decentralized Computation Power!
Problem Defined in the White Paper:
The Internet Computer (IC) is a blockchain platform designed to overcome the limitations of traditional blockchain platforms, such as high transaction and storage costs, slow computational speed, and the inability to serve frontends to users.
The IC aims to provide a decentralized platform for executing smart contracts, enabling the creation of fully decentralized applications that are hosted end-to-end on blockchain.
Solution
The IC is a radical new design of blockchain that unleashes the full potential of smart contracts. It consists of a set of cryptographic protocols that connect independently operated nodes into a collection of blockchains, which host and execute "canisters," the IC's form of smart contracts. Canisters can store data, perform general computations on that data, and provide a complete technology stack, serving web pages directly to end users.
Market Size & Opportunity
The IC has the potential to revolutionize the way we build and interact with decentralized applications. With its ability to host and execute smart contracts, the IC can enable a wide range of use cases, from decentralized finance (DeFi) and non-fungible tokens (NFTs) to decentralized social media and gaming platforms.
The IC's market size and opportunity are vast, with the potential to disrupt traditional industries and create new ones.
Consensus Mechanism The IC uses a new consensus protocol that is designed to be extremely simple and robust. The protocol is based on a blockchain, with each non-genesis block containing a payload of inputs and a hash of the block's parent in the tree. The protocol proceeds in rounds, with one or more blocks of height h being added to the tree in each round.
The IC consensus protocol guarantees safety under a weak communication assumption and guarantees liveness under a partial synchrony assumption.
Tokenomics
The IC has a native token called ICP, which is used for staking in the Network Nervous System (NNS), conversion to cycles, payment to node providers, and other functions. ICP tokens are also used for governance, with users who have ICP tokens staked in the NNS receiving newly minted ICP tokens as a voting reward.
Smart Contracts
The IC provides a run-time environment for executing WebAssembly (Wasm) programs in canisters, which are roughly the same as processes. Canister programs are encoded in Wasm, and the IC provides a messaging interface definition language and wire format called Candid for typed, high-level, and cross-language interoperability.
Scalability
The IC is designed to be highly scalable, with the ability to process unbounded volumes of smart contract data and computation natively. The IC can grow in capacity by adding more nodes to the network, making it an ideal platform for large-scale decentralized applications.
Real World Value
The IC has real-world value as a decentralized platform for executing smart contracts. Its ability to host and execute canisters enables a wide range of use cases, from DeFi and NFTs to decentralized social media and gaming platforms. The IC's market size and opportunity are vast, with the potential to disrupt traditional industries and create new ones.
Security Measures The IC has several security measures in place,
including:
Chain-key cryptography: The IC uses a unique and powerful collection of technologies called chain-key cryptography, which includes threshold signatures, digital signatures, and a distributed key generation (DKG) protocol.Threshold signatures: The IC uses threshold signatures to ensure that a subset of replicas can generate a signature on a message, even if some replicas are faulty.Distributed key generation (DKG) protocol: The IC uses a DKG protocol to securely distribute shares of the secret signing key to replicas.Consensus protocol: The IC consensus protocol is designed to be extremely simple and robust, with a weak communication assumption and a partial synchrony assumption.
Code Audits The IC has undergone several code audits, including a security audit by a third-party firm. The audit found several vulnerabilities in the IC's code, which were subsequently fixed.
Development Roadmap The IC is still in development, with several features and upgrades planned for the near future. Some of the upcoming features include:
Compute Platform: The IC will become a decentralized compute platform, allowing anyone to deploy canister smart contracts on the Internet and run them in a decentralized manner.Blockchain Singularity: The IC will achieve a state of "Blockchain Singularity," where all computations of the world can run on the IC.Reduced End-to-end Latency: The IC will reduce end-to-end latency, making it faster and more responsive.Increased Storage Capacity and Throughput: The IC will increase storage capacity and throughput, making it more scalable and efficient.Decentralized AI: The IC will enable decentralized AI, allowing users to trust AI models running on the IC with no visibility into how data is used and how AI models produce responses.Chain Fusion: The IC will enable Chain Fusion, allowing blockchains like Bitcoin, Ethereum, and Solana to be "fused" together with the IC to create a seamless single-chain end-user experience for multi-chain dapps.Chain Fusion Supports Bitcoin Ordinals and Runes: The IC will support Bitcoin ordinals and runes, enabling users to interact with Bitcoin smart contracts on the IC.Chain Fusion Supports Solana: The IC will support Solana, enabling users to interact with Solana smart contracts on the IC.Chain Fusion Supports EVM Chains: The IC will support EVM chains, enabling users to interact with EVM-based smart contracts on the IC.Privacy: The IC will enable privacy-preserving dapps, allowing users to store and share encrypted data on-chain.Platform Decentralization: The IC will become fully decentralized, eliminating central points of control and ensuring that users interact with the IC without relying on a single party.Identity: The IC will enable a robust authentication solution based on passkeys, with easy onboarding and support for identity attributes while protecting users' privacy.Digital Assets: The IC will enable DeFi protocols, real-world asset tokenization, and other digital asset solutions, making it an attractive platform to build multi-chain custody solutions and wallets.Governance & Tokenomics: The IC will have two kinds of built-in governance systems, the NNS and the SNS framework, which will facilitate decentralized decision making and incentivize voting participation.Developer Experience: The IC will have a rich set of libraries, testing frameworks, and developer tools, making it easier for developers to build and deploy canisters on the IC.
Some of the projects on ICP ecosystem:
DeFi
ICPSwap: An AMM DEX built completely on-chain that is the premier hub for full-stack financial and DAO services on ICP.Funded: A web3 crowdfunding platform that allows users to participate in crowdfunding with ICP, BTC, and ETH without worrying about losing money on gas fees.Sonic DEX: A multichain decentralized exchange built on the Internet Computer Protocol (ICP) that offers a wide range of DeFi services.Helix Markets: A decentralized exchange that aims to bring true ownership and full transparency to crypto trading.ICDex: An orderbook-based DEX that runs 100% on-chain, made possible by advanced ICP smart contracts.Finny: A lending and borrowing platform that allows users to lend and borrow against their crypto without bridging it across chains.Catalyze: A social dapp that serves as a community organizing tool where users can build groups, interact with other members, create/run events, and transact using their Web3 identity and wallet.DecideAI: An ecosystem that consists of three products, designed to meet the needs of the high-end, specialized LLM market.Plural Finance: A platform that enables coffee farmers to submit data reports on their yields and processes for crop insurance purposes.ICPEx: A decentralized exchange built entirely on the chain based on the ICP.
NFT
NFID: A digital identity that keeps personal information private and digital assets secure.Bioniq: The fastest Ordinals marketplace where users can buy, sell, and trade with no gas fees, near-instant finality, and decentralized secure token bridging.Yuku: A platform that allows users to unlock limitless potential by creating, sharing, and monetizing NFTs, metaverse experiences, and gamefi content.Entrepot: A decentralized NFT marketplace developed by ToniqLabs, providing users with tools and on-chain services to design, deploy, and manage NFTs and traditional tokens.Plethora: A Web3 platformer that rewards users with fun gameplay and NFTs, empowering NFT projects to launch their collections with immersive experiences customized for users.Cosmicrafts: A virtual world where users can engage in thrilling interstellar battles, strategize with allies, and conquer the cosmos.NFT Studio: A platform that allows users to create 3D NFTs, which are living 3D code that can run on the ICP blockchain.Hobbi: A platform that allows users to create a profile and record all the multimedia content they consume, whether it's a movie, a book, or even a video game.ICP NFT Creater: A Shopify app designed to streamline the process of creating and launching NFT collections, product certificates, and more on ICP.Bitomni: A BTCFi-driven omnichain asset management protocol with built-in BTCFi DApps across multiple blockchains.
SocialFi
Hot or Not: A decentralized short-form video-based social media platform that integrates prediction markets for content.TAGGR: A fully on-chain and fully autonomous SocialFi network that allows users to publish content on a public compute infrastructure.OpenChat: A fully decentralized real-time messaging service that is indistinguishable from Web2 chat apps while living 100% on the blockchain.DSCVR: An end-to-end decentralized Web3 social media platform that allows communities to form into groups called Portals.Seers: A decentralized Twitter that includes prediction markets, allowing users to engage in social media features and prediction markets.Nuance: A Web3.0 blogging platform that is hosted on-chain end-to-end on the Internet Computer.Cosmicrafts: A virtual world where users can engage in thrilling interstellar battles, strategize with allies, and conquer the cosmos.Kontribute: A web3 creators platform that brings story writing and digital art collectibles together.Dstar: A marketplace for buying and selling Internet Identity (II) trading accounts.Metaforo ICP deployment: A Web3 forum that prioritizes decentralization, community ownership, and token-gated governance.
Games
Dragginz: A virtual pets game from the creators of Neopets, where users can hatch and raise Dragginz to accompany them on their adventures.AutoRoyale: A battle royale 2D shooter on ICP, where users can grab gear, outplay the competition, and stay alive as the battleground shrinks.Cubetopia: A Web3 building game where players can create anything on unique blocky islands, each island being a mutable NFT stored on the Internet Computer blockchain.Plethora: A Web3 platformer that rewards users with fun gameplay and NFTs, empowering NFT projects to launch their collections with immersive experiences customized for users.Cosmicrafts: A virtual world where users can engage in thrilling interstellar battles, strategize with allies, and conquer the cosmos.Jumpy Motoko: A Unity play-to-earn game on Internet Computer, where users can deploy their own Unity play-to-earn game too.Windows IC: A React Dapp built on the Internet Computer, mimicking what a Chromebook can do, but for a mimic of the Windows Operating System.Reversi: A completely decentralized multiplayer game that allows users to play against a friend or foe in real-time, from any browser, anywhere in the world.Goblin Studio: A platform that allows users to create, translate, and interact with goblins in a virtual world.CARMANIA: A game that brings digital community into a unified virtual space, where users can build, customize, and compete with their dream cars.
Tools/Infrastructure
ICPSwap: An AMM DEX built completely on-chain that is the premier hub for full-stack financial and DAO services on ICP.ICDex: An orderbook-based DEX that runs 100% on-chain, made possible by advanced ICP smart contracts.ICLightHouse: A framework for developing true web3 DeFi infrastructure on the Internet Computer.Bitfinity EVM: An EVM compatibility layer for the IC, allowing users to deploy their Solidity smart contracts to the Internet Computer.NNS Dapp: A front-end dapp that allows users to interact with the Internet Computer's Network Nervous System with a user-friendly UI.Plug Wallet: A wallet that allows users to store, send, swap, deposit, and log into IC apps in a click.Stoic Wallet: A digital wallet that authenticates users through a variety of methods, including Internet Identity.
Overall, the Internet Computer is a revolutionary blockchain platform that has the potential to disrupt traditional industries and create new ones. Its ability to host and execute smart contracts, combined with its scalability and security measures, make it an ideal platform for large-scale decentralized applications.
The Internet Computer (IC) is a blockchain platform designed to overcome the limitations of traditional blockchain platforms, such as high transaction and storage costs, slow computational speed, and the inability to serve frontends to users.
The IC aims to provide a decentralized platform for executing smart contracts, enabling the creation of fully decentralized applications that are hosted end-to-end on blockchain.
Solution
The IC is a radical new design of blockchain that unleashes the full potential of smart contracts. It consists of a set of cryptographic protocols that connect independently operated nodes into a collection of blockchains, which host and execute "canisters," the IC's form of smart contracts. Canisters can store data, perform general computations on that data, and provide a complete technology stack, serving web pages directly to end users.
Market Size & Opportunity
The IC has the potential to revolutionize the way we build and interact with decentralized applications. With its ability to host and execute smart contracts, the IC can enable a wide range of use cases, from decentralized finance (DeFi) and non-fungible tokens (NFTs) to decentralized social media and gaming platforms.
The IC's market size and opportunity are vast, with the potential to disrupt traditional industries and create new ones.
Consensus Mechanism The IC uses a new consensus protocol that is designed to be extremely simple and robust. The protocol is based on a blockchain, with each non-genesis block containing a payload of inputs and a hash of the block's parent in the tree. The protocol proceeds in rounds, with one or more blocks of height h being added to the tree in each round.
The IC consensus protocol guarantees safety under a weak communication assumption and guarantees liveness under a partial synchrony assumption.
Tokenomics
The IC has a native token called ICP, which is used for staking in the Network Nervous System (NNS), conversion to cycles, payment to node providers, and other functions. ICP tokens are also used for governance, with users who have ICP tokens staked in the NNS receiving newly minted ICP tokens as a voting reward.
Smart Contracts
The IC provides a run-time environment for executing WebAssembly (Wasm) programs in canisters, which are roughly the same as processes. Canister programs are encoded in Wasm, and the IC provides a messaging interface definition language and wire format called Candid for typed, high-level, and cross-language interoperability.
Scalability
The IC is designed to be highly scalable, with the ability to process unbounded volumes of smart contract data and computation natively. The IC can grow in capacity by adding more nodes to the network, making it an ideal platform for large-scale decentralized applications.
Real World Value
The IC has real-world value as a decentralized platform for executing smart contracts. Its ability to host and execute canisters enables a wide range of use cases, from DeFi and NFTs to decentralized social media and gaming platforms. The IC's market size and opportunity are vast, with the potential to disrupt traditional industries and create new ones.
Security Measures The IC has several security measures in place,
including:
Chain-key cryptography: The IC uses a unique and powerful collection of technologies called chain-key cryptography, which includes threshold signatures, digital signatures, and a distributed key generation (DKG) protocol.Threshold signatures: The IC uses threshold signatures to ensure that a subset of replicas can generate a signature on a message, even if some replicas are faulty.Distributed key generation (DKG) protocol: The IC uses a DKG protocol to securely distribute shares of the secret signing key to replicas.Consensus protocol: The IC consensus protocol is designed to be extremely simple and robust, with a weak communication assumption and a partial synchrony assumption.
Code Audits The IC has undergone several code audits, including a security audit by a third-party firm. The audit found several vulnerabilities in the IC's code, which were subsequently fixed.
Development Roadmap The IC is still in development, with several features and upgrades planned for the near future. Some of the upcoming features include:
Compute Platform: The IC will become a decentralized compute platform, allowing anyone to deploy canister smart contracts on the Internet and run them in a decentralized manner.Blockchain Singularity: The IC will achieve a state of "Blockchain Singularity," where all computations of the world can run on the IC.Reduced End-to-end Latency: The IC will reduce end-to-end latency, making it faster and more responsive.Increased Storage Capacity and Throughput: The IC will increase storage capacity and throughput, making it more scalable and efficient.Decentralized AI: The IC will enable decentralized AI, allowing users to trust AI models running on the IC with no visibility into how data is used and how AI models produce responses.Chain Fusion: The IC will enable Chain Fusion, allowing blockchains like Bitcoin, Ethereum, and Solana to be "fused" together with the IC to create a seamless single-chain end-user experience for multi-chain dapps.Chain Fusion Supports Bitcoin Ordinals and Runes: The IC will support Bitcoin ordinals and runes, enabling users to interact with Bitcoin smart contracts on the IC.Chain Fusion Supports Solana: The IC will support Solana, enabling users to interact with Solana smart contracts on the IC.Chain Fusion Supports EVM Chains: The IC will support EVM chains, enabling users to interact with EVM-based smart contracts on the IC.Privacy: The IC will enable privacy-preserving dapps, allowing users to store and share encrypted data on-chain.Platform Decentralization: The IC will become fully decentralized, eliminating central points of control and ensuring that users interact with the IC without relying on a single party.Identity: The IC will enable a robust authentication solution based on passkeys, with easy onboarding and support for identity attributes while protecting users' privacy.Digital Assets: The IC will enable DeFi protocols, real-world asset tokenization, and other digital asset solutions, making it an attractive platform to build multi-chain custody solutions and wallets.Governance & Tokenomics: The IC will have two kinds of built-in governance systems, the NNS and the SNS framework, which will facilitate decentralized decision making and incentivize voting participation.Developer Experience: The IC will have a rich set of libraries, testing frameworks, and developer tools, making it easier for developers to build and deploy canisters on the IC.
Some of the projects on ICP ecosystem:
DeFi
ICPSwap: An AMM DEX built completely on-chain that is the premier hub for full-stack financial and DAO services on ICP.Funded: A web3 crowdfunding platform that allows users to participate in crowdfunding with ICP, BTC, and ETH without worrying about losing money on gas fees.Sonic DEX: A multichain decentralized exchange built on the Internet Computer Protocol (ICP) that offers a wide range of DeFi services.Helix Markets: A decentralized exchange that aims to bring true ownership and full transparency to crypto trading.ICDex: An orderbook-based DEX that runs 100% on-chain, made possible by advanced ICP smart contracts.Finny: A lending and borrowing platform that allows users to lend and borrow against their crypto without bridging it across chains.Catalyze: A social dapp that serves as a community organizing tool where users can build groups, interact with other members, create/run events, and transact using their Web3 identity and wallet.DecideAI: An ecosystem that consists of three products, designed to meet the needs of the high-end, specialized LLM market.Plural Finance: A platform that enables coffee farmers to submit data reports on their yields and processes for crop insurance purposes.ICPEx: A decentralized exchange built entirely on the chain based on the ICP.
NFT
NFID: A digital identity that keeps personal information private and digital assets secure.Bioniq: The fastest Ordinals marketplace where users can buy, sell, and trade with no gas fees, near-instant finality, and decentralized secure token bridging.Yuku: A platform that allows users to unlock limitless potential by creating, sharing, and monetizing NFTs, metaverse experiences, and gamefi content.Entrepot: A decentralized NFT marketplace developed by ToniqLabs, providing users with tools and on-chain services to design, deploy, and manage NFTs and traditional tokens.Plethora: A Web3 platformer that rewards users with fun gameplay and NFTs, empowering NFT projects to launch their collections with immersive experiences customized for users.Cosmicrafts: A virtual world where users can engage in thrilling interstellar battles, strategize with allies, and conquer the cosmos.NFT Studio: A platform that allows users to create 3D NFTs, which are living 3D code that can run on the ICP blockchain.Hobbi: A platform that allows users to create a profile and record all the multimedia content they consume, whether it's a movie, a book, or even a video game.ICP NFT Creater: A Shopify app designed to streamline the process of creating and launching NFT collections, product certificates, and more on ICP.Bitomni: A BTCFi-driven omnichain asset management protocol with built-in BTCFi DApps across multiple blockchains.
SocialFi
Hot or Not: A decentralized short-form video-based social media platform that integrates prediction markets for content.TAGGR: A fully on-chain and fully autonomous SocialFi network that allows users to publish content on a public compute infrastructure.OpenChat: A fully decentralized real-time messaging service that is indistinguishable from Web2 chat apps while living 100% on the blockchain.DSCVR: An end-to-end decentralized Web3 social media platform that allows communities to form into groups called Portals.Seers: A decentralized Twitter that includes prediction markets, allowing users to engage in social media features and prediction markets.Nuance: A Web3.0 blogging platform that is hosted on-chain end-to-end on the Internet Computer.Cosmicrafts: A virtual world where users can engage in thrilling interstellar battles, strategize with allies, and conquer the cosmos.Kontribute: A web3 creators platform that brings story writing and digital art collectibles together.Dstar: A marketplace for buying and selling Internet Identity (II) trading accounts.Metaforo ICP deployment: A Web3 forum that prioritizes decentralization, community ownership, and token-gated governance.
Games
Dragginz: A virtual pets game from the creators of Neopets, where users can hatch and raise Dragginz to accompany them on their adventures.AutoRoyale: A battle royale 2D shooter on ICP, where users can grab gear, outplay the competition, and stay alive as the battleground shrinks.Cubetopia: A Web3 building game where players can create anything on unique blocky islands, each island being a mutable NFT stored on the Internet Computer blockchain.Plethora: A Web3 platformer that rewards users with fun gameplay and NFTs, empowering NFT projects to launch their collections with immersive experiences customized for users.Cosmicrafts: A virtual world where users can engage in thrilling interstellar battles, strategize with allies, and conquer the cosmos.Jumpy Motoko: A Unity play-to-earn game on Internet Computer, where users can deploy their own Unity play-to-earn game too.Windows IC: A React Dapp built on the Internet Computer, mimicking what a Chromebook can do, but for a mimic of the Windows Operating System.Reversi: A completely decentralized multiplayer game that allows users to play against a friend or foe in real-time, from any browser, anywhere in the world.Goblin Studio: A platform that allows users to create, translate, and interact with goblins in a virtual world.CARMANIA: A game that brings digital community into a unified virtual space, where users can build, customize, and compete with their dream cars.
Tools/Infrastructure
ICPSwap: An AMM DEX built completely on-chain that is the premier hub for full-stack financial and DAO services on ICP.ICDex: An orderbook-based DEX that runs 100% on-chain, made possible by advanced ICP smart contracts.ICLightHouse: A framework for developing true web3 DeFi infrastructure on the Internet Computer.Bitfinity EVM: An EVM compatibility layer for the IC, allowing users to deploy their Solidity smart contracts to the Internet Computer.NNS Dapp: A front-end dapp that allows users to interact with the Internet Computer's Network Nervous System with a user-friendly UI.Plug Wallet: A wallet that allows users to store, send, swap, deposit, and log into IC apps in a click.Stoic Wallet: A digital wallet that authenticates users through a variety of methods, including Internet Identity.
Overall, the Internet Computer is a revolutionary blockchain platform that has the potential to disrupt traditional industries and create new ones. Its ability to host and execute smart contracts, combined with its scalability and security measures, make it an ideal platform for large-scale decentralized applications.
$ADAUSDT Analysis
As volume increases, there is still potential for an uptrend. Here’s a strategy to consider:
First Entry: Target 0.8983. If the price successfully breaks through this level, it could be a strong indicator of an ongoing uptrend.
Alternative Entry: If the price fails to break 0.8983, consider a second entry at 0.8053. This could provide a good opportunity for profits.
Keep an eye on these levels and adjust your strategy accordingly.
As volume increases, there is still potential for an uptrend. Here’s a strategy to consider:
First Entry: Target 0.8983. If the price successfully breaks through this level, it could be a strong indicator of an ongoing uptrend.
Alternative Entry: If the price fails to break 0.8983, consider a second entry at 0.8053. This could provide a good opportunity for profits.
Keep an eye on these levels and adjust your strategy accordingly.
While #BTC already at the skyrocket towards #alltimehigh The blockchain enabled compute engine #ICP is oscillating inside the support and resistance line where the price formed the uptrend wedges pattern that could be the potential breakout. #WatchTheMarket for #tradingtechnique
#SHIBUSDT #cryptotrading #Short On the 1-hour chart timeframe, watch out for the 0.786 retracement level within the linear regression band. Enjoy the potential #profit if the price moves further down to the lower line of the band.
$SHIB #short_sell
$SHIB #short_sell