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Vitalik Buterin: An 18-year-old genius
A few years after the emergence of Bitcoin, the father of a family who immigrated from Russia to Canada in 2011 told his 17-year-old son about Satoshi's work and Bitcoin. Fascinated by what his father talked about, this young man named Vitalik Buterin suddenly finds himself in this world. Rumor has it that this young man, who has the ability to mentally multiply three-digit numbers at twice the speed of a normal person, showed his talents on the global platform by winning the Bronze medal in the International Information Olympics at the age of 18.
Buterin first makes improvements on Bitcoin and strives to transfer many other functions (such as sending non-monetary assets, creating digital contracts) to this system other than Bitcoin transfer. However, he finds it very difficult in this regard. Buterin has a vision of a world computer that can perform many more transactions than a calculator-like function that keeps the transactions in which money moves from one place to another.
In 2013, Buterin introduced Ethereum with 15 software developer friends. But there is only a concept design yet - it is too early for a product that will make money or receive investment. Just then, Peter Thiel gives them a $100,000 scholarship. They say that getting this scholarship is even harder than getting into the best universities in America.
Awards do not satisfy your stomach, investment is needed
In September 2014, they collected money with an interesting method. They say, "We are collecting money in the first two weeks as 2,000 Ether01 Bitcoin, then this figure will gradually decrease and the last buyers will receive 1,337 Ether=1 Bitcoin." They establish a foundation in Switzerland and sell through this foundation and use the money of that time. They raise $18.5 Million. This means an average of $0.31 for one ether, so it's up to you to calculate the current profits of those who invested.
#BinanceHerYerde #EarnFreeCrypto2024 #Binance #etherreum
A few years after the emergence of Bitcoin, the father of a family who immigrated from Russia to Canada in 2011 told his 17-year-old son about Satoshi's work and Bitcoin. Fascinated by what his father talked about, this young man named Vitalik Buterin suddenly finds himself in this world. Rumor has it that this young man, who has the ability to mentally multiply three-digit numbers at twice the speed of a normal person, showed his talents on the global platform by winning the Bronze medal in the International Information Olympics at the age of 18.
Buterin first makes improvements on Bitcoin and strives to transfer many other functions (such as sending non-monetary assets, creating digital contracts) to this system other than Bitcoin transfer. However, he finds it very difficult in this regard. Buterin has a vision of a world computer that can perform many more transactions than a calculator-like function that keeps the transactions in which money moves from one place to another.
In 2013, Buterin introduced Ethereum with 15 software developer friends. But there is only a concept design yet - it is too early for a product that will make money or receive investment. Just then, Peter Thiel gives them a $100,000 scholarship. They say that getting this scholarship is even harder than getting into the best universities in America.
Awards do not satisfy your stomach, investment is needed
In September 2014, they collected money with an interesting method. They say, "We are collecting money in the first two weeks as 2,000 Ether01 Bitcoin, then this figure will gradually decrease and the last buyers will receive 1,337 Ether=1 Bitcoin." They establish a foundation in Switzerland and sell through this foundation and use the money of that time. They raise $18.5 Million. This means an average of $0.31 for one ether, so it's up to you to calculate the current profits of those who invested.
#BinanceHerYerde #EarnFreeCrypto2024 #Binance #etherreum
Opinion
Simplifying UX in a fragmented blockchain world / opinion - analysis
When Vitalik Buterin, co-founder of Ethereum, announced the completion of the long-awaited Merge in September 2022, efficiency was the name of the game for blockchain innovation. In recent years, scalability has overtaken efficiency as the most pressing issue among the âbig fiveâ challenges currently facing web3.Â
You might also like:Ethereumâs lowered yield might signal a paradigmatic shift in the ecosystem | Opinion
Prominent layer-1 chains are now giving way to a wave of emerging layer-2 solutions, which promise to propel the blockchain ecosystem to new heights. Dissimilar from the consolidated efforts that drove the Merge, though, this latest stage of blockchain developmentâcoined âThe Surgeâ in the Ethereum spaceâhas given rise to a suite of issues. A new scalability paradigm, spearheaded by a constantly expanding galaxy of L2s, has led to a fragmented blockchain ecosystem characterized by multiple chains, each with its own rules, tokens, and transaction fees.
For some, participating in capitalism means believing that competition breeds success. But when it comes to blockchains, more isnât necessarily better. Just as the tech shortcomings of the early internet made it challenging for newcomers to navigate websites, the complexity of managing multiple blockchain layers presents significant challenges for users.Â
If we are to steward web3 to mass adoption, the time has come to ask: how many layers are too many?
Challenges of a fragmented blockchain ecosystem
As we stack more layers onto our proverbial blockchain cake, challenges for both users and developers continue to arise in the form of hampered usability and stifled innovation. Although the Wild West of L2s feels like a net positive, as more complexities are piled on top of user experience, we risk our blockchain cake becoming nearly impossible to slice through.
Onboarding into web3 can be a daunting task in and of itself, so juggling various wallets, tokens, and fee schedules across chains to perform simple tasks leads to subpar or even arduous user experience. For many, a fragmented ecosystem makes the barrier to entry that much higher.
And the struggle faced by developers is quite similar. The complexity of working across multiple layers can mean slower build times and increased development costs. The lack of interoperability between an always-increasing number of chains further complicates project scopes, especially for teams endeavoring to build cross-chain applications. In the current L2 sector, progress is easily hindered when developers feel forced to navigate a convoluted landscape.
Layer 2s: A potential thatâs lacking
Of course, this layer cake approach to scalability isnât without its merits. Thereâs a rhyme and reason to the current disjointed system of L2 constellations dominating the blockchain sector.
On paper, L2 solutions offer substantial benefits, including enhanced scalability and speed. Offloading transactions from an L1 to an L2 means increasing the overall volume of transactions that can be processed by said L1. Following the reaction further, L2s can lead to faster and more cost-effective operations, enhanced security, and an extra layer of protection for sensitive transactions.
However, these benefits, as weâve seen, may only outweigh the disadvantages for so long. Fragmentation creates a complex web that can feel overwhelming, especially as the landscape of L2 solutions continues to expand and a clear solution remains elusive.
A unified approach
Fortunately, there is a promising solution to the challenges presented by the L2 raceâchain abstraction. By removing the complexities and overarching technicalities of the blockchain that regularly interfere with usability, chain abstraction can help maintain the broader benefits of decentralized technology while also lowering the barrier to entry to general consumers.
A solution that many proponents of mass adoption are already in support of, chain abstraction allows us to create a unified layer that communicates with multiple blockchains and simplifies user interactions. This approach allows users to manage their assets and execute transactions without needing to understand the intricacies of each underlying layer.
Of course, chain abstraction doesnât simply exist on its own, which is where omnichain infrastructure comes into play. As a practical application of chain abstraction, omnichain infrastructure takes the concept further by empowering the creation of a cohesive, interoperable ecosystem that facilitates seamless interactions across various blockchains.
By powering fragmentation solutions such as seamless cross-chain transactions and secure and efficient verifications while incentivizing developer flexibility, omnichain infrastructure makes a simplified user-centric design possible and blockchain interactions more intuitive and efficient.
Multichain today, omnichain tomorrow
So, where do we go from here?
While itâs true that the proliferation of L2s has ushered web3 into an era of fragmentation, complexity still exists throughout the blockchain. Layers are to be found everywhere, both within and beyond the L1 and L2 paradigms. Ultimately, this convolution only becomes more rampant as legacy institutions and consumer interests lead to bursts of new innovation, new platforms, and new needs.
This is where our initial question comes back into view. Because for the majority of new users, anything beyond a single integrated layer might simply be too many.
If scalability is as important as most devs make it out to be (and spoiler alert, it is), we cannot glaze over the potential of omnichain infrastructure to aid in our mass adoption journey. By interconnecting products and blockchains, uniting data to create seamless experiences, and making the power of web3 easily accessible, we can fuel even the most ambitious endeavors
$ETH
$BNB
$SOL
#ETH #Ethereum #Binance #Bitcoin #VitalikButerin
When Vitalik Buterin, co-founder of Ethereum, announced the completion of the long-awaited Merge in September 2022, efficiency was the name of the game for blockchain innovation. In recent years, scalability has overtaken efficiency as the most pressing issue among the âbig fiveâ challenges currently facing web3.Â
You might also like:Ethereumâs lowered yield might signal a paradigmatic shift in the ecosystem | Opinion
Prominent layer-1 chains are now giving way to a wave of emerging layer-2 solutions, which promise to propel the blockchain ecosystem to new heights. Dissimilar from the consolidated efforts that drove the Merge, though, this latest stage of blockchain developmentâcoined âThe Surgeâ in the Ethereum spaceâhas given rise to a suite of issues. A new scalability paradigm, spearheaded by a constantly expanding galaxy of L2s, has led to a fragmented blockchain ecosystem characterized by multiple chains, each with its own rules, tokens, and transaction fees.
For some, participating in capitalism means believing that competition breeds success. But when it comes to blockchains, more isnât necessarily better. Just as the tech shortcomings of the early internet made it challenging for newcomers to navigate websites, the complexity of managing multiple blockchain layers presents significant challenges for users.Â
If we are to steward web3 to mass adoption, the time has come to ask: how many layers are too many?
Challenges of a fragmented blockchain ecosystem
As we stack more layers onto our proverbial blockchain cake, challenges for both users and developers continue to arise in the form of hampered usability and stifled innovation. Although the Wild West of L2s feels like a net positive, as more complexities are piled on top of user experience, we risk our blockchain cake becoming nearly impossible to slice through.
Onboarding into web3 can be a daunting task in and of itself, so juggling various wallets, tokens, and fee schedules across chains to perform simple tasks leads to subpar or even arduous user experience. For many, a fragmented ecosystem makes the barrier to entry that much higher.
And the struggle faced by developers is quite similar. The complexity of working across multiple layers can mean slower build times and increased development costs. The lack of interoperability between an always-increasing number of chains further complicates project scopes, especially for teams endeavoring to build cross-chain applications. In the current L2 sector, progress is easily hindered when developers feel forced to navigate a convoluted landscape.
Layer 2s: A potential thatâs lacking
Of course, this layer cake approach to scalability isnât without its merits. Thereâs a rhyme and reason to the current disjointed system of L2 constellations dominating the blockchain sector.
On paper, L2 solutions offer substantial benefits, including enhanced scalability and speed. Offloading transactions from an L1 to an L2 means increasing the overall volume of transactions that can be processed by said L1. Following the reaction further, L2s can lead to faster and more cost-effective operations, enhanced security, and an extra layer of protection for sensitive transactions.
However, these benefits, as weâve seen, may only outweigh the disadvantages for so long. Fragmentation creates a complex web that can feel overwhelming, especially as the landscape of L2 solutions continues to expand and a clear solution remains elusive.
A unified approach
Fortunately, there is a promising solution to the challenges presented by the L2 raceâchain abstraction. By removing the complexities and overarching technicalities of the blockchain that regularly interfere with usability, chain abstraction can help maintain the broader benefits of decentralized technology while also lowering the barrier to entry to general consumers.
A solution that many proponents of mass adoption are already in support of, chain abstraction allows us to create a unified layer that communicates with multiple blockchains and simplifies user interactions. This approach allows users to manage their assets and execute transactions without needing to understand the intricacies of each underlying layer.
Of course, chain abstraction doesnât simply exist on its own, which is where omnichain infrastructure comes into play. As a practical application of chain abstraction, omnichain infrastructure takes the concept further by empowering the creation of a cohesive, interoperable ecosystem that facilitates seamless interactions across various blockchains.
By powering fragmentation solutions such as seamless cross-chain transactions and secure and efficient verifications while incentivizing developer flexibility, omnichain infrastructure makes a simplified user-centric design possible and blockchain interactions more intuitive and efficient.
Multichain today, omnichain tomorrow
So, where do we go from here?
While itâs true that the proliferation of L2s has ushered web3 into an era of fragmentation, complexity still exists throughout the blockchain. Layers are to be found everywhere, both within and beyond the L1 and L2 paradigms. Ultimately, this convolution only becomes more rampant as legacy institutions and consumer interests lead to bursts of new innovation, new platforms, and new needs.
This is where our initial question comes back into view. Because for the majority of new users, anything beyond a single integrated layer might simply be too many.
If scalability is as important as most devs make it out to be (and spoiler alert, it is), we cannot glaze over the potential of omnichain infrastructure to aid in our mass adoption journey. By interconnecting products and blockchains, uniting data to create seamless experiences, and making the power of web3 easily accessible, we can fuel even the most ambitious endeavors
$ETH
$BNB
$SOL
#ETH #Ethereum #Binance #Bitcoin #VitalikButerin
See original
Aave
This project was developed by Stani Kulechov. Kulechov was actually a young man studying law at the University of Helsinki. However, during this period, he became interested in Ethereum (ETH) and blockchain technologies. In 2017, he developed and launched a decentralized application (dApp) called ETHLend and issued the LEND token. In 2020, ETHLend became the Aave platform. LEND tokens were also converted to AAVE tokens.
Aave (AAVE) is a decentralized finance protocol that aims to facilitate the lending and borrowing of cryptocurrencies.
This platform, which runs on the Ethereum (ETH) blockchain network, automates cryptocurrency borrowing and lending transactions using smart contract technology. Aave users can borrow and lend dozens of cryptocurrencies, including ETH, BAT, and MANA, without intermediaries and with fixed interest rates through smart contracts
Aave has particularly stood out in over-collateralized loans. This means that users must deposit a higher value of cryptocurrency as collateral than the amount they want to borrow. This protects lenders from losing money due to loan defaults and allows the Aave protocol to liquidate the collateral if its value drops too much.
The AAVE token, formerly known as LEND, is the cryptocurrency of the Aave protocol. The AAVE token works as a governance token. Considered one of the best DeFi tokens, the AAVE token gives its holders the right to vote on decisions to be made regarding the future of the protocol
Aave has a strong position as a leading project in the DeFi space, and based on this, the future of Aave can be said to be bright.
Users will have access to more financial tools and options as the Aave team continually expands the platformâs capabilities by developing new financial products and features
$AAVE
$BNB
#aave #Binance #cryptonews #web3 #writetoearn
This project was developed by Stani Kulechov. Kulechov was actually a young man studying law at the University of Helsinki. However, during this period, he became interested in Ethereum (ETH) and blockchain technologies. In 2017, he developed and launched a decentralized application (dApp) called ETHLend and issued the LEND token. In 2020, ETHLend became the Aave platform. LEND tokens were also converted to AAVE tokens.
Aave (AAVE) is a decentralized finance protocol that aims to facilitate the lending and borrowing of cryptocurrencies.
This platform, which runs on the Ethereum (ETH) blockchain network, automates cryptocurrency borrowing and lending transactions using smart contract technology. Aave users can borrow and lend dozens of cryptocurrencies, including ETH, BAT, and MANA, without intermediaries and with fixed interest rates through smart contracts
Aave has particularly stood out in over-collateralized loans. This means that users must deposit a higher value of cryptocurrency as collateral than the amount they want to borrow. This protects lenders from losing money due to loan defaults and allows the Aave protocol to liquidate the collateral if its value drops too much.
The AAVE token, formerly known as LEND, is the cryptocurrency of the Aave protocol. The AAVE token works as a governance token. Considered one of the best DeFi tokens, the AAVE token gives its holders the right to vote on decisions to be made regarding the future of the protocol
Aave has a strong position as a leading project in the DeFi space, and based on this, the future of Aave can be said to be bright.
Users will have access to more financial tools and options as the Aave team continually expands the platformâs capabilities by developing new financial products and features
$AAVE
$BNB
#aave #Binance #cryptonews #web3 #writetoearn
News
SECâs Crypto Regulation Approach a âDisasterâ Lacking Clarity, Says Commissioner Mark Uyeda
The United States Securities and Exchange Commission (SEC) Commissioner Mark Uyeda has labeled the agencyâs approach to crypto regulation a âdisasterâ due to the lack of clear guidance.
Uyeda made these remarks during an appearance on a Fox Business panel on October 10, where he highlighted the regulatory gaps left by SEC Chair Gary Genslerâs enforcement-first strategy.
Uyeda criticized the SECâs practice of regulating through enforcement actions rather than establishing well-defined rules for crypto firms.
âOur policies and our approach over the last several years have been just really a disaster for the whole industry,â Uyeda stated.
He emphasized that instead of providing actionable guidance, the SECâs approach has led to conflicting court rulings on how cryptocurrencies should be regulated
His comments came shortly after Crypto.com filed a lawsuit against the SEC
The Singapore-based crypto exchange challenged the SECâs issuance of a Wells Notice, which signals potential enforcement actions
The lawsuit claims that the SEC has overstepped its regulatory boundaries, particularly in asserting that most cryptocurrencies qualify as securities
The SECâs approach, championed by Gensler, has drawn criticism across the crypto industry for being both aggressive and ambiguous
While Gensler has consistently argued that crypto firms must adhere to existing securities laws, industry players counter that the current regulations are outdated and unsuitable for the digital asset market
The ongoing conflict has sparked frustration among crypto stakeholders seeking clearer rules.
Commenting on the situation, Uyeda suggested a need for a more transparent regulatory framework
âThe approach weâre taking appears to be the wrong one,â he said, advocating for clear guidelines to delineate which assets fall under securities regulations.
$BNB
#news #writetoearn #Bitcoin #Binance #SEC
SECâs Crypto Regulation Approach a âDisasterâ Lacking Clarity, Says Commissioner Mark Uyeda
The United States Securities and Exchange Commission (SEC) Commissioner Mark Uyeda has labeled the agencyâs approach to crypto regulation a âdisasterâ due to the lack of clear guidance.
Uyeda made these remarks during an appearance on a Fox Business panel on October 10, where he highlighted the regulatory gaps left by SEC Chair Gary Genslerâs enforcement-first strategy.
Uyeda criticized the SECâs practice of regulating through enforcement actions rather than establishing well-defined rules for crypto firms.
âOur policies and our approach over the last several years have been just really a disaster for the whole industry,â Uyeda stated.
He emphasized that instead of providing actionable guidance, the SECâs approach has led to conflicting court rulings on how cryptocurrencies should be regulated
His comments came shortly after Crypto.com filed a lawsuit against the SEC
The Singapore-based crypto exchange challenged the SECâs issuance of a Wells Notice, which signals potential enforcement actions
The lawsuit claims that the SEC has overstepped its regulatory boundaries, particularly in asserting that most cryptocurrencies qualify as securities
The SECâs approach, championed by Gensler, has drawn criticism across the crypto industry for being both aggressive and ambiguous
While Gensler has consistently argued that crypto firms must adhere to existing securities laws, industry players counter that the current regulations are outdated and unsuitable for the digital asset market
The ongoing conflict has sparked frustration among crypto stakeholders seeking clearer rules.
Commenting on the situation, Uyeda suggested a need for a more transparent regulatory framework
âThe approach weâre taking appears to be the wrong one,â he said, advocating for clear guidelines to delineate which assets fall under securities regulations.
$BNB
#news #writetoearn #Bitcoin #Binance #SEC
An analysis
Trumpâs Crypto Venture Proposes Aave Integration in Governance Strategy for World Liberty Financial
World Liberty Financial (WLF), a crypto project launched by former US President Donald Trump, has proposed integrating with the DeFi platform Aave. The proposal, made on 9th October, aims to get permission to establish a new instance on Aave V3 with Ethereum mainnet. According to the announcement, the lending and borrowing protocol Aave will provide the backend for WLF.
This proposal details WLFâs strategy to concentrate on markets that are associated with stablecoins, such as USDC and USDT and other tokens, such as ETH and WBTC. This project focuses on increasing the usage of Aave and drawing more liquidity to the protocol. This, in turn, will enable the users of WLFâs Aave V3 instance to deposit in ETH, WBTC, and stablecoins, making it easier for the masses to access DeFi applications.
WLF has also granted the Aave DAO, which is the governing body of the Aave protocol, a cut of the fees it has earned. In return, the Aave DAO will earn 20% of the fees made by WLF and 7% of the total supply of the governance token of the platform, WLFI. WLF has also invited Aave DAO to join the governance, liquidity mining, and decentralization initiatives of the platform.
Smart Contract Will Handle Revenue Sharing
WLF proposed to use the same reserve factor model as Aaveâs mainnet as part of its governance proposal. The revenue share will be handled by a trustless smart contract to avoid any form of manipulation between the two parties.
The project has also shown interest in onboarding assets that may not be fully aligned with the main Ethereum market. With its connection to traditional finance and institutional investment, WLF has the potential to expand its platform to include other types of assets
$AAVE
$BNB
#news #Binance #writetoearn #aave #web3
Trumpâs Crypto Venture Proposes Aave Integration in Governance Strategy for World Liberty Financial
World Liberty Financial (WLF), a crypto project launched by former US President Donald Trump, has proposed integrating with the DeFi platform Aave. The proposal, made on 9th October, aims to get permission to establish a new instance on Aave V3 with Ethereum mainnet. According to the announcement, the lending and borrowing protocol Aave will provide the backend for WLF.
This proposal details WLFâs strategy to concentrate on markets that are associated with stablecoins, such as USDC and USDT and other tokens, such as ETH and WBTC. This project focuses on increasing the usage of Aave and drawing more liquidity to the protocol. This, in turn, will enable the users of WLFâs Aave V3 instance to deposit in ETH, WBTC, and stablecoins, making it easier for the masses to access DeFi applications.
WLF has also granted the Aave DAO, which is the governing body of the Aave protocol, a cut of the fees it has earned. In return, the Aave DAO will earn 20% of the fees made by WLF and 7% of the total supply of the governance token of the platform, WLFI. WLF has also invited Aave DAO to join the governance, liquidity mining, and decentralization initiatives of the platform.
Smart Contract Will Handle Revenue Sharing
WLF proposed to use the same reserve factor model as Aaveâs mainnet as part of its governance proposal. The revenue share will be handled by a trustless smart contract to avoid any form of manipulation between the two parties.
The project has also shown interest in onboarding assets that may not be fully aligned with the main Ethereum market. With its connection to traditional finance and institutional investment, WLF has the potential to expand its platform to include other types of assets
$AAVE
$BNB
#news #Binance #writetoearn #aave #web3
News
Crypto Pioneer Justin Sun Elected Prime Minister of Blockchain-Based Micronation
Justin Sun, the founder of Tron, has been elected Prime Minister of Liberland, a self-declared sovereign micronation nestled between Croatia and Serbia.
Justin Sun, the founder of Tron, has been elected Prime Minister of Liberland, a self-declared sovereign micronation nestled between Croatia and Serbia. The elections were conducted on Oct. 5 entirely through blockchain technology.
The 2.7 square-mile micronation also invited several other VIPs into its Congress, including entrepreneur Evan Luthra, journalist Jillian Godsi, Croatian politician and former MP Ivan Pernar, and IT professional Dorian Stern VukotiÄ. For their part, officials from Liberland have stressed the transparent, algorithmic nature of their elections, a model that could be mimicked in the future, they say.
"This system has a unique ability to eliminate doubt regarding election outcomes, a challenge faced by many countries still relying on traditional methods," said representatives from the Liberland nation. "We hope to be a pioneering example of what will soon become common practice."
Sun's election as leader of a micronation is indicative of a growing trend among crypto enthusiasts and industry executives to tinker with the concept of "network states," popularized by former industry executive Balaji Srinivasan, wherein geographically distributed nations utilize blockchain technology and privately held land to function as sovereign entities.
Liberlandâs founding is not without precedent; Bitnation became the first crypto microstate to unilaterally declare sovereignty in 2014. Since then, a spate of projects have emerged, from landlocked locales such as Liberland to proposed oceanic installations better known as seasteads. These floating cities, still purely theoretical, represent a rather audacious vision of sovereign nations built on international waters
$BNB
$RVN
$HMSTR
#news #writetoearn #Bitcoin #Binance #web3
Crypto Pioneer Justin Sun Elected Prime Minister of Blockchain-Based Micronation
Justin Sun, the founder of Tron, has been elected Prime Minister of Liberland, a self-declared sovereign micronation nestled between Croatia and Serbia.
Justin Sun, the founder of Tron, has been elected Prime Minister of Liberland, a self-declared sovereign micronation nestled between Croatia and Serbia. The elections were conducted on Oct. 5 entirely through blockchain technology.
The 2.7 square-mile micronation also invited several other VIPs into its Congress, including entrepreneur Evan Luthra, journalist Jillian Godsi, Croatian politician and former MP Ivan Pernar, and IT professional Dorian Stern VukotiÄ. For their part, officials from Liberland have stressed the transparent, algorithmic nature of their elections, a model that could be mimicked in the future, they say.
"This system has a unique ability to eliminate doubt regarding election outcomes, a challenge faced by many countries still relying on traditional methods," said representatives from the Liberland nation. "We hope to be a pioneering example of what will soon become common practice."
Sun's election as leader of a micronation is indicative of a growing trend among crypto enthusiasts and industry executives to tinker with the concept of "network states," popularized by former industry executive Balaji Srinivasan, wherein geographically distributed nations utilize blockchain technology and privately held land to function as sovereign entities.
Liberlandâs founding is not without precedent; Bitnation became the first crypto microstate to unilaterally declare sovereignty in 2014. Since then, a spate of projects have emerged, from landlocked locales such as Liberland to proposed oceanic installations better known as seasteads. These floating cities, still purely theoretical, represent a rather audacious vision of sovereign nations built on international waters
$BNB
$RVN
$HMSTR
#news #writetoearn #Bitcoin #Binance #web3
An analysis-news
Muradâs $24M crypto holdings â Why can influencers dictate memecoins?
Rising influence of communities on memecoinsâ price action raises critical questions about the future viability of these assets.
Memecoins face a fresh debacle over the communityâs impact on the price action
Short-term positions could be the most vulnerable
If Elon Musk wasnât enough to âdodgeâ accusations of market manipulation, ZachXBT, a crypto investigator, has uncovered 11 wallets linked to Murad Mahmudov, a prominent memecoin advocate on X (formerly Twitter), holding over $24 million in memecoins.Â
This situation highlights the ongoing debate about memecoins in the crypto scene, weighing their potential to draw in new investors against the risks that come with them.
$BNB
$QKC
$RVN
#elonmusk #news #Binance #writetoearn #memecoin
.
Muradâs $24M crypto holdings â Why can influencers dictate memecoins?
Rising influence of communities on memecoinsâ price action raises critical questions about the future viability of these assets.
Memecoins face a fresh debacle over the communityâs impact on the price action
Short-term positions could be the most vulnerable
If Elon Musk wasnât enough to âdodgeâ accusations of market manipulation, ZachXBT, a crypto investigator, has uncovered 11 wallets linked to Murad Mahmudov, a prominent memecoin advocate on X (formerly Twitter), holding over $24 million in memecoins.Â
This situation highlights the ongoing debate about memecoins in the crypto scene, weighing their potential to draw in new investors against the risks that come with them.
$BNB
$QKC
$RVN
#elonmusk #news #Binance #writetoearn #memecoin
.
News
Crypto VC fund-tied entity loses $36m by signing phishing permit transaction: report
An entity reportedly linked to a cryptocurrency venture capital fund has lost over $35 million in tokens due to a malicious permit transaction.
An unidentified on-chain entity has suffered a staggering loss of wrapped EthereumÂ ïżŒeth0.47%Ethereum tokens valued at $36 million after inadvertently signing a malicious transaction.
In an X post on Friday, Oct. 11, blockchain monitoring account Lookonchain reported that the entity, believed to be associated with the crypto venture capital fund Continue Capital, lost 15,079 fwDETH â wrapped ETH tokens on Blastâs chain â due to a âpermitâ phishing signature. As of press time, Continue Capital made no public statements on the matter.
You might also like:Phishing attacks, private key leaks resulted in $668m stolen in Q3: CertiK
Following the news, the price of fwDETH plummeted by more than 95% in its trading pair with fwWETH before rebounding to a 40% decline. An X user under the alias @roffett_eth pointed out that the price drop led to âattacks on protocols like PAC Finance and Orbit Finance,â though the extent of these attacks remains unclear. Neither project has commented on the situation as of this writing.
Phishing attacks in the cryptocurrency sector are becoming increasingly sophisticated, often disguised as legitimate requests for user permissions. In this case, the victim appears to have fallen victim to a tactic that exploits user trust in digital signatures, underscoring the persistent risks within the crypto landscape
$BNB
$OOKI
$ETHFI
#newsdaily #web3 #news #Binance #writetoearn
Crypto VC fund-tied entity loses $36m by signing phishing permit transaction: report
An entity reportedly linked to a cryptocurrency venture capital fund has lost over $35 million in tokens due to a malicious permit transaction.
An unidentified on-chain entity has suffered a staggering loss of wrapped EthereumÂ ïżŒeth0.47%Ethereum tokens valued at $36 million after inadvertently signing a malicious transaction.
In an X post on Friday, Oct. 11, blockchain monitoring account Lookonchain reported that the entity, believed to be associated with the crypto venture capital fund Continue Capital, lost 15,079 fwDETH â wrapped ETH tokens on Blastâs chain â due to a âpermitâ phishing signature. As of press time, Continue Capital made no public statements on the matter.
You might also like:Phishing attacks, private key leaks resulted in $668m stolen in Q3: CertiK
Following the news, the price of fwDETH plummeted by more than 95% in its trading pair with fwWETH before rebounding to a 40% decline. An X user under the alias @roffett_eth pointed out that the price drop led to âattacks on protocols like PAC Finance and Orbit Finance,â though the extent of these attacks remains unclear. Neither project has commented on the situation as of this writing.
Phishing attacks in the cryptocurrency sector are becoming increasingly sophisticated, often disguised as legitimate requests for user permissions. In this case, the victim appears to have fallen victim to a tactic that exploits user trust in digital signatures, underscoring the persistent risks within the crypto landscape
$BNB
$OOKI
$ETHFI
#newsdaily #web3 #news #Binance #writetoearn
An analysis
Binance Coin (BNB) Eyes $650: 3 Bullish Signals to Watch
Binance Coin has seen a 5.19% gain over the last week and is approaching the $600 mark, facing a crucial resistance level.
A breakthrough past the $600â$620 zone could trigger a strong rally with minimal resistance until $700.
Binance Coin (BNB) has been making significant gains recently, with a 1.3% increase in the past 24 hours and a 5.19% rise over the last seven days. As BNB approaches the $600 mark, traders are closely watching for a potential breakout that could propel the cryptocurrency to new heights.
However, BNB is currently experiencing a significant problem despite its rebound. The price has failed to trade above $600-$620, as it has been a key resistance level for the coin. According to a popular cryptocurrency analyst from AltCryptoGems, Sjuul, this level is now the key level to watch for BNB. In his analysis, he pointed out that a clean break out above this range could trigger a strong rally.
The resistance zone has been tested several times, and each time, there has been a rejection, leading to a short-term pullback. However, Sjuul said that higher lows indicate that buying pressure is building up. This pattern suggests that buyers are slowly but steadily recovering, which means that the next attempt to break through $620 may be a turning point for BNB
$BNB
#Binance #Cz #BNB #news #writetoearn
Binance Coin (BNB) Eyes $650: 3 Bullish Signals to Watch
Binance Coin has seen a 5.19% gain over the last week and is approaching the $600 mark, facing a crucial resistance level.
A breakthrough past the $600â$620 zone could trigger a strong rally with minimal resistance until $700.
Binance Coin (BNB) has been making significant gains recently, with a 1.3% increase in the past 24 hours and a 5.19% rise over the last seven days. As BNB approaches the $600 mark, traders are closely watching for a potential breakout that could propel the cryptocurrency to new heights.
However, BNB is currently experiencing a significant problem despite its rebound. The price has failed to trade above $600-$620, as it has been a key resistance level for the coin. According to a popular cryptocurrency analyst from AltCryptoGems, Sjuul, this level is now the key level to watch for BNB. In his analysis, he pointed out that a clean break out above this range could trigger a strong rally.
The resistance zone has been tested several times, and each time, there has been a rejection, leading to a short-term pullback. However, Sjuul said that higher lows indicate that buying pressure is building up. This pattern suggests that buyers are slowly but steadily recovering, which means that the next attempt to break through $620 may be a turning point for BNB
$BNB
#Binance #Cz #BNB #news #writetoearn
News
Ripple launches crypto storage services for banks in bid to diversify
Ripple said it is launching a slew of features aimed at helping banks and fintechs store digital tokens â as part of a broader push into crypto custody.
Crypto custody, a type of service that helps clients crypto assets, is a nascent business for Ripple, which has consolidated its efforts under a single brand called Ripple Custody.
Ripple is primarily known for the XRP cryptocurrency and Ripple Payments, a distributed interbank payment settlement platform
U.S. blockchain startup Ripple made a major foray into crypto custody on Thursday, launching new services aimed at helping banks and financial technology firms to store digital assets on behalf of clients
$BNB
$XRP
#ripple #XRP #Binance #writetoearn #Bitcoin
Ripple launches crypto storage services for banks in bid to diversify
Ripple said it is launching a slew of features aimed at helping banks and fintechs store digital tokens â as part of a broader push into crypto custody.
Crypto custody, a type of service that helps clients crypto assets, is a nascent business for Ripple, which has consolidated its efforts under a single brand called Ripple Custody.
Ripple is primarily known for the XRP cryptocurrency and Ripple Payments, a distributed interbank payment settlement platform
U.S. blockchain startup Ripple made a major foray into crypto custody on Thursday, launching new services aimed at helping banks and financial technology firms to store digital assets on behalf of clients
$BNB
$XRP
#ripple #XRP #Binance #writetoearn #Bitcoin
See original
Question and Answer
I wanted to have a nice evening, to clear our minds, my dears.
The question is easy, the answer is easy. Please do not copy and paste without reading.
"A worldwide coin competition was held. Among BNB, BTC, ETH. BNB coin came first. So, who will pass the second place?"
Good evening my dears
$BNB
$SCR
$GFT
#Binance #Bitcoin #BNB #web3 #writetoearn
I wanted to have a nice evening, to clear our minds, my dears.
The question is easy, the answer is easy. Please do not copy and paste without reading.
"A worldwide coin competition was held. Among BNB, BTC, ETH. BNB coin came first. So, who will pass the second place?"
Good evening my dears
$BNB
$SCR
$GFT
#Binance #Bitcoin #BNB #web3 #writetoearn
See original
GFT
Introduced in 2017, Gifto is essentially a Web3 blockchain solution that leverages the Ethereum blockchain to streamline its operations
Gifto was launched by Asia Innovative Group (AIG), a mobile entertainment company with nearly a hundred million users worldwide. Andy Tian, ââCEO of AIG, leads the Gifto team with extensive knowledge in bitcoin, computer science, and business development. Under Tianâs guidance, the team has dedicated significant resources to creating and promoting the Gifto protocol and its native token, GTO.
Gifto Token, one of the rapidly developing innovations in the digital world, brings a new dimension to the concept of gifting with the opportunities offered by blockchain technology.
The Gifto project is essentially a Web3 blockchain solution created to create, store, and send gifts in the blockchain space. On the other hand, the Gifto project can also be called a wallet solution. This actually shows that this project serves many purposes on the blockchain. It is even possible to do charity with this project.
Gifto, which has been constantly developing since the first day it was created, started out as a gift solution on the blockchain, but today; It can be used as a marketplace, wallet service, financial return tool, donation channel for cryptocurrencies and NFTs.
As the digital gift industry develops, GFT has the potential to transform the revenue models of content providers. The virtual gift system can spread even further on new platforms and thus increase its impact. In addition, with the continuous development of blockchain technology, GFT can explore new areas of use such as digital collectibles, NFTs, and special fan experiences.
$GFT
$BNB
#gifto #gft #Binance #web3 #writetoearn
Introduced in 2017, Gifto is essentially a Web3 blockchain solution that leverages the Ethereum blockchain to streamline its operations
Gifto was launched by Asia Innovative Group (AIG), a mobile entertainment company with nearly a hundred million users worldwide. Andy Tian, ââCEO of AIG, leads the Gifto team with extensive knowledge in bitcoin, computer science, and business development. Under Tianâs guidance, the team has dedicated significant resources to creating and promoting the Gifto protocol and its native token, GTO.
Gifto Token, one of the rapidly developing innovations in the digital world, brings a new dimension to the concept of gifting with the opportunities offered by blockchain technology.
The Gifto project is essentially a Web3 blockchain solution created to create, store, and send gifts in the blockchain space. On the other hand, the Gifto project can also be called a wallet solution. This actually shows that this project serves many purposes on the blockchain. It is even possible to do charity with this project.
Gifto, which has been constantly developing since the first day it was created, started out as a gift solution on the blockchain, but today; It can be used as a marketplace, wallet service, financial return tool, donation channel for cryptocurrencies and NFTs.
As the digital gift industry develops, GFT has the potential to transform the revenue models of content providers. The virtual gift system can spread even further on new platforms and thus increase its impact. In addition, with the continuous development of blockchain technology, GFT can explore new areas of use such as digital collectibles, NFTs, and special fan experiences.
$GFT
$BNB
#gifto #gft #Binance #web3 #writetoearn
News
Thai SEC Proposes Regulations for Crypto Investment in Mutual, Private Funds
Thailandâs Securities and Exchange Commission (SEC) has proposed draft regulations allowing mutual and private funds to invest in cryptos.
The proposed principle, announced Wednesday, is currently seeking public feedback on revisions to mutual fundsâ investment criteria in digital assets.
The move comes at a time when interest in cryptocurrency investment is increasing. Thailand, one of the worldâs most crypto-friendly nations, ranks 10th globally in terms of adoption.
The regulator noted that the funds will be allowed to invest in crypto exchange-traded funds (ETFs) listed on the US exchanges. Further, it also allows funds to choose investment tokens, which has attracted the interest of Thai investors.
âThe funds will be allowed to invest in investment tokens subject to current investment limits of traditional securities, such as single entity limit, group limit, and concentration limit.â
The announcement read that for institutional investors and ultra-high-net-worth individuals with high-risk tolerance, the funds will be allowed to invest in crypto ETFs with no investment limit
Thai SEC deputy secretary-general Anek Yooyuen said that investment tokens will have the same investment ratios as transferable securities. This is because they have key risks and features similar to traditional securities, such as debt securities, Bangkok Post reported.
âRelevant criteria will be revised to support the establishment and management of funds investing in digital assets, such as asset custody, digital asset value calculation, information disclosure and appropriate advertising.â
Thailand approved its first crypto ETF in June, issued by One Asset Management (ONEAM). The Thai SEC endorsed ONEAMâs Bitcoin ETF, marking a milestone in the countryâs evolving regulatory framework for digital assets.
$BNB
$QKC
$T
#Binance #Bitcoin #Sec #writetoearn #web3
Thai SEC Proposes Regulations for Crypto Investment in Mutual, Private Funds
Thailandâs Securities and Exchange Commission (SEC) has proposed draft regulations allowing mutual and private funds to invest in cryptos.
The proposed principle, announced Wednesday, is currently seeking public feedback on revisions to mutual fundsâ investment criteria in digital assets.
The move comes at a time when interest in cryptocurrency investment is increasing. Thailand, one of the worldâs most crypto-friendly nations, ranks 10th globally in terms of adoption.
The regulator noted that the funds will be allowed to invest in crypto exchange-traded funds (ETFs) listed on the US exchanges. Further, it also allows funds to choose investment tokens, which has attracted the interest of Thai investors.
âThe funds will be allowed to invest in investment tokens subject to current investment limits of traditional securities, such as single entity limit, group limit, and concentration limit.â
The announcement read that for institutional investors and ultra-high-net-worth individuals with high-risk tolerance, the funds will be allowed to invest in crypto ETFs with no investment limit
Thai SEC deputy secretary-general Anek Yooyuen said that investment tokens will have the same investment ratios as transferable securities. This is because they have key risks and features similar to traditional securities, such as debt securities, Bangkok Post reported.
âRelevant criteria will be revised to support the establishment and management of funds investing in digital assets, such as asset custody, digital asset value calculation, information disclosure and appropriate advertising.â
Thailand approved its first crypto ETF in June, issued by One Asset Management (ONEAM). The Thai SEC endorsed ONEAMâs Bitcoin ETF, marking a milestone in the countryâs evolving regulatory framework for digital assets.
$BNB
$QKC
$T
#Binance #Bitcoin #Sec #writetoearn #web3
Infinite Support
All together for RICHARD TENG
We need your support! Help us win at Blockchain Life 2024 by voting for Binance and Richard Teng. đ Itâs quick and easyâjust log in via Telegram and cast your votes.
BINANCE:
Centralized Exchange of the Year
Crypto Launchpad of the Year
Client Service of the Year
RICHARD TENG:
Crypto Entrepreneur of the Year
Vote now and show your support!
For RICHARD TENG
#voterichardteng #vote #Binancefamily #richardteng #Binance
All together for RICHARD TENG
We need your support! Help us win at Blockchain Life 2024 by voting for Binance and Richard Teng. đ Itâs quick and easyâjust log in via Telegram and cast your votes.
BINANCE:
Centralized Exchange of the Year
Crypto Launchpad of the Year
Client Service of the Year
RICHARD TENG:
Crypto Entrepreneur of the Year
Vote now and show your support!
For RICHARD TENG
#voterichardteng #vote #Binancefamily #richardteng #Binance
See original
PROS
Pros coin is the native token of Chainâs cross-network prediction market and hedging platform.
It is a retail-focused decentralized (DApp) application where users can make predictions on the price movements of various assets.
Prosper, however, aims to be the worldâs first on-chain liquidity aggregation prediction market. The Prosper platform offers features such as dedicated user-owned reward pools, fixed-income liquidity programs, and a unique prediction insurance system. Users can make predictions on different blockchains such as Ethereum or Binance Smart Chain.
The Prosper project is a platform that aims to enable users to make short-term predictions and make money or hedge their risks. Users can bet on whether the price of a certain asset will rise (bullish) or fall (bearish) in a specified time period.
Winners share the bets of losers. The platform automates all transactions using smart contracts and allows users to make predictions easily and securely. Users can claim their earnings through Prosperâs web interface.
With these features and functions, Prosper aims to make financial market predictions and risk management more accessible and user-friendly. Users can earn income or protect their assets by expressing their views on market movements and making accurate predictions.
Prosper uses the Chainlink oracle to provide the most accurate price feeds. Platform features include: Prediction insurance, dual liquidity model, on-chain liquidity aggregation and cross-chain support, traditional money support, private pools, DAO management, prediction mining.
$PROS
$BNB
#Pros #prosper #web3 #Binance #writetoearn
Pros coin is the native token of Chainâs cross-network prediction market and hedging platform.
It is a retail-focused decentralized (DApp) application where users can make predictions on the price movements of various assets.
Prosper, however, aims to be the worldâs first on-chain liquidity aggregation prediction market. The Prosper platform offers features such as dedicated user-owned reward pools, fixed-income liquidity programs, and a unique prediction insurance system. Users can make predictions on different blockchains such as Ethereum or Binance Smart Chain.
The Prosper project is a platform that aims to enable users to make short-term predictions and make money or hedge their risks. Users can bet on whether the price of a certain asset will rise (bullish) or fall (bearish) in a specified time period.
Winners share the bets of losers. The platform automates all transactions using smart contracts and allows users to make predictions easily and securely. Users can claim their earnings through Prosperâs web interface.
With these features and functions, Prosper aims to make financial market predictions and risk management more accessible and user-friendly. Users can earn income or protect their assets by expressing their views on market movements and making accurate predictions.
Prosper uses the Chainlink oracle to provide the most accurate price feeds. Platform features include: Prediction insurance, dual liquidity model, on-chain liquidity aggregation and cross-chain support, traditional money support, private pools, DAO management, prediction mining.
$PROS
$BNB
#Pros #prosper #web3 #Binance #writetoearn
News
Taiwan To Pilot Crypto Custody Services Through Local Banks
According to Cointelegraph, Taiwan is advancing institutional cryptocurrency adoption as local regulators plan to pilot crypto storage services through local banks. The Financial Supervisory Commission (FSC) of Taiwan is preparing to launch an institutional trial of crypto custody services, as reported by the Central News Agency on October 8.
While the FSC expects to start collecting applications in the first quarter of 2025, three private banks in Taiwan have already shown interest in piloting a crypto custody business. The FSC has specified that financial institutions applying for the trial must detail the types of assets they will store for clients, such as Bitcoin (BTC), Ether (ETH), or Dogecoin (DOGE). Additionally, institutions must provide information about their target users, whether they are professional or general investors, crypto asset platforms, or others.
FSCâs director of the comprehensive planning division, Hu Zehua, mentioned at a press conference that the authority plans to publicly release information on the upcoming trial at least 15 days before starting to accept applications. The FSC will also collect public feedback on the proposed trial and revise the process accordingly. This is a developing story, and further information will be added as it becomes available.
$BNB
$DOGE
$BTC
#news #Binance #Bitcoin #DOGE #writetoearn
Taiwan To Pilot Crypto Custody Services Through Local Banks
According to Cointelegraph, Taiwan is advancing institutional cryptocurrency adoption as local regulators plan to pilot crypto storage services through local banks. The Financial Supervisory Commission (FSC) of Taiwan is preparing to launch an institutional trial of crypto custody services, as reported by the Central News Agency on October 8.
While the FSC expects to start collecting applications in the first quarter of 2025, three private banks in Taiwan have already shown interest in piloting a crypto custody business. The FSC has specified that financial institutions applying for the trial must detail the types of assets they will store for clients, such as Bitcoin (BTC), Ether (ETH), or Dogecoin (DOGE). Additionally, institutions must provide information about their target users, whether they are professional or general investors, crypto asset platforms, or others.
FSCâs director of the comprehensive planning division, Hu Zehua, mentioned at a press conference that the authority plans to publicly release information on the upcoming trial at least 15 days before starting to accept applications. The FSC will also collect public feedback on the proposed trial and revise the process accordingly. This is a developing story, and further information will be added as it becomes available.
$BNB
$DOGE
$BTC
#news #Binance #Bitcoin #DOGE #writetoearn
News
Bitcoin Stunted as China Eases Stimulus Plans: Has âUptoberâ Been Derailed?
Bitcoin has been stunted today as Beijing decided to hold off on new China stimulus measures aimed at supporting the economy.
Investors had widely expected Chinaâs National Development and Reform Commission (NDRC) to outline additional stimulus measures following a Tuesday briefing after the Chinese Golden Week holiday.
Anticipation was high for a continuation of the governmentâs September plans, which included rate cuts and liquidity support to invigorate the slowing economy.
Instead, the briefing lacked urgency and specifics, with no new plans for further stimulus, underwhelming investors, and dented market sentiment.
According to a 10x Research report, the anticipated stimulus measures were expected to âignite a parabolic rally in cryptocurrency prices, fueled by increasing global liquidity.â
The absence of such measures has derailed expectations of a substantial rally as Chinese markets re-opened on Tuesday, and a spill-over into crypto markets.
Consequently, the Hang Seng index posted its largest drop since 2008 and its second-largest drop since 2000 today, falling 9.41%. Meanwhile, the Bitcoin price dropped 2.86%
$BTC
$BNB
$QKC
#news #writetoearn #Bitcoin #Binance #web3
Bitcoin Stunted as China Eases Stimulus Plans: Has âUptoberâ Been Derailed?
Bitcoin has been stunted today as Beijing decided to hold off on new China stimulus measures aimed at supporting the economy.
Investors had widely expected Chinaâs National Development and Reform Commission (NDRC) to outline additional stimulus measures following a Tuesday briefing after the Chinese Golden Week holiday.
Anticipation was high for a continuation of the governmentâs September plans, which included rate cuts and liquidity support to invigorate the slowing economy.
Instead, the briefing lacked urgency and specifics, with no new plans for further stimulus, underwhelming investors, and dented market sentiment.
According to a 10x Research report, the anticipated stimulus measures were expected to âignite a parabolic rally in cryptocurrency prices, fueled by increasing global liquidity.â
The absence of such measures has derailed expectations of a substantial rally as Chinese markets re-opened on Tuesday, and a spill-over into crypto markets.
Consequently, the Hang Seng index posted its largest drop since 2008 and its second-largest drop since 2000 today, falling 9.41%. Meanwhile, the Bitcoin price dropped 2.86%
$BTC
$BNB
$QKC
#news #writetoearn #Bitcoin #Binance #web3
SCR
"Binance LAUNCHPOOL continues"
CEO Vlad Artsemeyev
Scroll announced its new SCR governance token, a protocol that is among the Ethereum Layer 2 solutions and uses Zero-Knowledge Ethereum Virtual Machine (zKEVM) technology
Scroll, the team behind the layer-2 blockchain network, recently shared plans to introduce a new token called SCR. This token is the first significant step in their roadmap toward decentralization. In a blog post, the team emphasized that SCR will play a critical role in their governance structure, with the long-term goal of becoming a key utility token as Scroll moves closer to full decentralization
SCR will act as the primary governance mechanism for the Scroll protocol. Consequently, token holders will be able to influence network decision-making. The prover and sequencer are essential components of the blockchain architecture, and the project hopes to decentralize both of them using SCR. Both of these components are essential in verifying and ordering transactions on the network. As Scroll continues on its journey to decentralization, SCR will evolve to have more utility within the ecosystem
SCR is built upon the Cosmos SDK blockchain technology.Dynamic Layer-1 blockchain powered by Cosmos, designed to redefine the gaming and entertainment industries with $SCR token at the centre
The Cosmos SDK is a modular development framework that allows developers to easily build application-specific blockchains, i.e. sidechains
It's designed for easy exchange on Osmosis, enabling users to trade and manage their SCR efficiently. Beyond trading, SCR can be used to play Aviatrix, an engaging game within our ecosystem
âSCR will be used as a primary governance mechanism of the protocol and progress to being a protocol utility token as Scroll becomes more decentralized,â the team wrote. After the governance has made progress in decentralization, the token will also be used to support decentralization of Scrollâs prover and sequencer"
$SCR
$BNB
#scorumnetwork #Scr #web3 #Binance #Bitcoin
"Binance LAUNCHPOOL continues"
CEO Vlad Artsemeyev
Scroll announced its new SCR governance token, a protocol that is among the Ethereum Layer 2 solutions and uses Zero-Knowledge Ethereum Virtual Machine (zKEVM) technology
Scroll, the team behind the layer-2 blockchain network, recently shared plans to introduce a new token called SCR. This token is the first significant step in their roadmap toward decentralization. In a blog post, the team emphasized that SCR will play a critical role in their governance structure, with the long-term goal of becoming a key utility token as Scroll moves closer to full decentralization
SCR will act as the primary governance mechanism for the Scroll protocol. Consequently, token holders will be able to influence network decision-making. The prover and sequencer are essential components of the blockchain architecture, and the project hopes to decentralize both of them using SCR. Both of these components are essential in verifying and ordering transactions on the network. As Scroll continues on its journey to decentralization, SCR will evolve to have more utility within the ecosystem
SCR is built upon the Cosmos SDK blockchain technology.Dynamic Layer-1 blockchain powered by Cosmos, designed to redefine the gaming and entertainment industries with $SCR token at the centre
The Cosmos SDK is a modular development framework that allows developers to easily build application-specific blockchains, i.e. sidechains
It's designed for easy exchange on Osmosis, enabling users to trade and manage their SCR efficiently. Beyond trading, SCR can be used to play Aviatrix, an engaging game within our ecosystem
âSCR will be used as a primary governance mechanism of the protocol and progress to being a protocol utility token as Scroll becomes more decentralized,â the team wrote. After the governance has made progress in decentralization, the token will also be used to support decentralization of Scrollâs prover and sequencer"
$SCR
$BNB
#scorumnetwork #Scr #web3 #Binance #Bitcoin
An analysis
TON Blockchain Reaches 100M Users Amid Ecosystem Growth @ton
The Open Network (TON), a layer-1 blockchain linked to the social platform Telegram, has attained a new milestone in its history.
According to data from a CryptoQuant analyst, the L1 blockchain reached 100 million unique wallet addresses with non-zero balances. This marks a 95% surge in active users since the start of the year, which was âonlyâ 4.3 million.
Whatâs Behind TONâs Growth?
TONâs surge in active users stems from its ties with Telegram. Although the social messaging platform initially created the TON blockchain under the name Telegram Open Network, plans to integrate it into its ecosystem fell through, forcing the abandonment of the blockchain project. A new team of developers picked up from where it left off.
Telegram revived its interest in TON in September 2023, launching its crypto wallet on the L1 blockchain. Fast-forward to this year, and various tap-to-earn gaming projects began emerging on Telegram. The catch was that players would perform specific tasks to earn tokens claimable via the TON mainnet.
One of the first clicker games to debut on the L1 network was Notcoin, which attracted millions of users. Other projects, such as Dogs and Hamster Kombat, soon emerged, capturing the attention of millions of people. More Telegram-based games have flooded the social app, welcoming more users to join their ecosystems.
CryptoQuant analyst stressed that Telegramâs ties with TON have helped onboard millions of users into the crypto industry.
Will Price Follow?
Despite TONâs latest milestone, the networkâs native coin, Toncoin, has failed to impress recently. At the time of writing, the coin sold for $5.19, representing a 1.4% price decrease within the past 24 hours. The current price is a 37% drop from its all-time high of $8.24, seen in June 2024.
$TON
$BNB
#Ton #Binance #Bitcoin #writetoearn #web3
TON Blockchain Reaches 100M Users Amid Ecosystem Growth @ton
The Open Network (TON), a layer-1 blockchain linked to the social platform Telegram, has attained a new milestone in its history.
According to data from a CryptoQuant analyst, the L1 blockchain reached 100 million unique wallet addresses with non-zero balances. This marks a 95% surge in active users since the start of the year, which was âonlyâ 4.3 million.
Whatâs Behind TONâs Growth?
TONâs surge in active users stems from its ties with Telegram. Although the social messaging platform initially created the TON blockchain under the name Telegram Open Network, plans to integrate it into its ecosystem fell through, forcing the abandonment of the blockchain project. A new team of developers picked up from where it left off.
Telegram revived its interest in TON in September 2023, launching its crypto wallet on the L1 blockchain. Fast-forward to this year, and various tap-to-earn gaming projects began emerging on Telegram. The catch was that players would perform specific tasks to earn tokens claimable via the TON mainnet.
One of the first clicker games to debut on the L1 network was Notcoin, which attracted millions of users. Other projects, such as Dogs and Hamster Kombat, soon emerged, capturing the attention of millions of people. More Telegram-based games have flooded the social app, welcoming more users to join their ecosystems.
CryptoQuant analyst stressed that Telegramâs ties with TON have helped onboard millions of users into the crypto industry.
Will Price Follow?
Despite TONâs latest milestone, the networkâs native coin, Toncoin, has failed to impress recently. At the time of writing, the coin sold for $5.19, representing a 1.4% price decrease within the past 24 hours. The current price is a 37% drop from its all-time high of $8.24, seen in June 2024.
$TON
$BNB
#Ton #Binance #Bitcoin #writetoearn #web3
See original
ARB
Ethereum, one of the most popular blockchain networks, is naturally a very busy network.
Ethereum is also the most popular DeFi platform and hosts a large number of smart contracts. Network congestion also prevents smart contracts from working properly. It was developed to solve these problems.
Arbitrum (ARB) is a Layer-2 scalability solution for the Ethereum (ETH) blockchain network. Essentially a roll-up technology, Arbitrum eliminates privacy and scalability issues for Ethereum smart contracts. Arbitrum users can create Ethereum smart contracts by paying lower transaction fees and experiencing less network congestion.
Today, thousands of decentralized applications and more smart contracts are running on the Ethereum network. This inherently leads to congestion and scalability issues on the Ethereum network. Transaction fees increase, transaction speeds slow down. Arbitrum, on the other hand, provides solutions to these problems using roll-up technology
Arbitrum provides scalability, which can be defined as âincreasing transaction output and reducing transaction processing costsâ, with rollup technology.
Rollup refers to the process of clustering transactions that are moved outside the main chain after they are performed. The clustered transactions are recorded on the mainnet as a cluster, not as a single transaction.
Optimistic is a type of rollup. It focuses on reducing the space used to create blocks. âOnly the necessary dataâ of the transactions performed on Arbitrum are recorded on the Ethereum mainnet.
Arbitrum is a project developed by Offchain Labs. The founders of Offchain Labs are: Ed Felten, Steven Goldfeder, Harry Kalodner.
Market Value 1.9 B dollars
Circulating Supply 3.62 B ARB
Maximum Supply 10 B. ARB
$ARB
$BNB
#arb #offchainlabs #Binance #writetoearn #Bitcoin
Ethereum, one of the most popular blockchain networks, is naturally a very busy network.
Ethereum is also the most popular DeFi platform and hosts a large number of smart contracts. Network congestion also prevents smart contracts from working properly. It was developed to solve these problems.
Arbitrum (ARB) is a Layer-2 scalability solution for the Ethereum (ETH) blockchain network. Essentially a roll-up technology, Arbitrum eliminates privacy and scalability issues for Ethereum smart contracts. Arbitrum users can create Ethereum smart contracts by paying lower transaction fees and experiencing less network congestion.
Today, thousands of decentralized applications and more smart contracts are running on the Ethereum network. This inherently leads to congestion and scalability issues on the Ethereum network. Transaction fees increase, transaction speeds slow down. Arbitrum, on the other hand, provides solutions to these problems using roll-up technology
Arbitrum provides scalability, which can be defined as âincreasing transaction output and reducing transaction processing costsâ, with rollup technology.
Rollup refers to the process of clustering transactions that are moved outside the main chain after they are performed. The clustered transactions are recorded on the mainnet as a cluster, not as a single transaction.
Optimistic is a type of rollup. It focuses on reducing the space used to create blocks. âOnly the necessary dataâ of the transactions performed on Arbitrum are recorded on the Ethereum mainnet.
Arbitrum is a project developed by Offchain Labs. The founders of Offchain Labs are: Ed Felten, Steven Goldfeder, Harry Kalodner.
Market Value 1.9 B dollars
Circulating Supply 3.62 B ARB
Maximum Supply 10 B. ARB
$ARB
$BNB
#arb #offchainlabs #Binance #writetoearn #Bitcoin
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