$OM The fish are being sold, you can get rid of them as fast as you can

$ALICE There will be another strong discharge from the whale, be careful

Educational Post

What Are Validiums?

Validiums are scaling solutions for Ethereum that use off-chain data availability and computation to process transactions more efficiently. Unlike zero-knowledge rollups (zk-rollups), which store some data on-chain, validiums keep transactions off-chain while using zero-knowledge proofs (ZKP) to verify their validity.

How Do Validiums Work?

Validiums operate by executing transactions off the Ethereum mainnet, leveraging smart contracts on Ethereum to ensure their validity and integrity. Let’s walk through some of the key aspects of validiums.

Transactions

When a user wants to make a transaction using a validium, they send it to an operator. Operators are nodes responsible for executing transactions on the validium chain. They could be a single entity or a group of entities chosen through a proof-of-stake (PoS) system.

The operator collects transactions into a batch and processes them off-chain. Once the batch is ready, the operator uses a special system called a proving circuit to create a proof that the transactions were performed correctly.

State commitments

Imagine Validium’s state (the record of all accounts and their balances) as a big tree, known as a Merkle tree. The root of this tree, called the state root, is like a fingerprint that represents the entire state. This state root is stored on Ethereum.

When the operator processes transactions, they update the state root to reflect the new balances and account states. Then, they send this new state root along with the proof that everything was done correctly to the Ethereum mainnet.

Unlike zk-rollups, block producers on a validium don’t need to publish all the transaction details on Ethereum. If Ethereum verifies the proof, the new state is accepted, and the validium is updated.

Users can deposit their funds from Ethereum to a validium by sending ETH or other tokens to a special contract on Ethereum. The contract communicates this deposit to the validium off-chain and credits the user’s off #EarnFreeCrypto2024 #btc $BTC $SOL

Educational Post

What Is Binance Megadrop?

Binance Megadrop is a token launch platform that combines elements of Binance Simple Earn and the Binance Web3 Wallet to create an innovative airdrop experience. The platform is designed to provide users with early access to new token projects and a variety of ways to earn rewards. With Binance Megadrop, users can subscribe to fixed-term products, complete Web3 quests, and receive token rewards proportional to their accumulated scores.

Key Features of Binance Megadrop

1. Early access to token projects

One of the main features of Binance Megadrop is giving users early access to selected Web3 projects before their official listing on the Binance exchange. This allows users to get involved in promising projects at an early stage, potentially benefiting from future growth and development.

2. Integration with Binance Simple Earn

Binance Megadrop is closely integrated with Binance Simple Earn, a feature that allows users to earn rewards by locking their BNB in fixed-term products. By subscribing to these locked products, users accumulate points that determine their reward allocation in the Megadrop program. The longer the lock period and the more BNB locked, the higher the score and potential rewards.

3. Engagement through Web3 quests

Another significant aspect of Binance Megadrop is the inclusion of Web3 quests. These quests are designed to engage users and encourage them to learn more about the blockchain ecosystem. By completing tasks within their Binance Web3 Wallet, users can boost their scores and earn additional rewards.

Buy

The price of #ZEN moves in the bottom of its ascending channel in the daily time frame, and in the 4-hour time frame, it was able to break the downward trend line.

The price is breaking the resistance level of $9.30-$9.65. It seems that the bulls are buying, and there is a high probability that the price will rise to its previous ceiling of $15.00 and then $18.00.🚀🚀🚀 $ETH #BinancePizzaVN #binance #zen

Bitcoin is currently retesting the $69,000-$70,000 range, and the price is holding at this level. A break below $69,000 may lead to a sell-off in the market. Keep an eye on the support level. The next major resistance area is $72,000-$73,500.$BTC 🥳

#MINA analysis:

The price is currently trading in a tight range, indicating a no-trade zone. It's advisable to wait for a test of either the resistance area or the support area. Given the overall bullish market, there is a high possibility that the price will move towards the resistance area. If you decide to trade, use a tight stop loss.

Support Area: $0.70-$0.733

Resistance Area: $0.98-$1.00

Educational Post

What is Confirmation Time in Blockchain Transaction?

Confirmation time is defined as the time elapsed between the moment a blockchain transaction is submitted to the network and the time it is finally recorded into a confirmed block. In other words, it represents the total time a user has to wait until their transaction gets collected and confirmed by a miner node.

Depending on the type of blockchain and network architecture, this time can be reduced by offering a higher transaction fee, so miners will have an incentive to give a higher priority to your transaction.

Confirmation time can be used as a metric to measure the average speed of a blockchain network. However, since the actual time between submission and confirmation can vary due to individual factors and fluctuating demand, it is more reasonable to calculate the efficiency and speed of a blockchain by making use of an averaged confirmation time according to its current state and the most recent blocks.

After a transaction has been included in a block by a miner, the block needs to be validated by the other nodes of the network. When the block is confirmed to be valid, the transaction is considered to have a single confirmation, meaning that each new block that is mined on top of that will represent another confirmation.

As the most recent blocks in a blockchain are not considered as fully secure, it is often recommended to wait for additional block confirmations before considering the transaction successful and irreversible. This is especially true for the parties that are receiving cryptocurrency payments, such as merchants and online service providers.

The actual number of confirmations before a transaction is considered final varies and is directly dependent on the computational power (hash rate) devoted to securing each blockchain network. For instance, Bitcoin users usually consider a minimum of 6 block confirmations to be highly secure, but other chains with less power behind them would require significantly more than that.

#BTC 1w & 1d & 4h

1w - price successfully tested the 59502$ mitigation level and 0.3 week imbalance, followed by a good reaction from the buyer, which is a good enough target to continue medium-term growth.

1d - yesterday we managed to capture liquidity from the important swing high of 67200$ with a sweep followed by showing localised seller dominance.
Ideally we would see a correction to the daily imbalance lower before continuing higher.

4h - on this more local timeframe we can also see a valid 4h imbalance, from which I will consider longing.
In the past we could see a similar formation followed by a continuation of the trend.

Eva's in the crypt🪙$BTC #BinancePizzaVN

#Ethereum 🔹 price is moving towards the ceiling of the channel. This is the third time that the price will try to break out of the bullish flag formed in the daily time frame.

#ETH's value relative to Bitcoin (#BTC🪙 ) is currently declining, and the ongoing ETF approval process could significantly impact its future.

If the buyers continue to act strongly, the price of Ethereum can easily reach the $4110 again
$ETH #BinancePizzaVN $BTC $SOL

#Neo price reached the support level of $14.50-$13.90 according to the trend line, and finally, like many cryptocurrencies, it was able to break the downward trend line.
After breaking the trend line, the price decreased again to that, then started to grow.

Buyers are still strong, the first target is $19.30, and the next target is $23.70.🚀

It seems that now is the time of amazing growth of many altcoins.🔥

Gather your goods and let's fly x3, x5

$TNSR This one still flies far and high, about $3 - $5. Fomo is selling goods and sharks are collecting goods 😂