Cosmos is a system of networks and tools for creating interoperable blockchains. Its main chain Cosmos Hub performs the function of a central ledger of compatible blockchain chains called "zones". Each zone is highly customizable, allowing developers to design their own digital currencies, with custom block verification settings, and other features.These "zones" are created using the Cosmos software development toolkit, which provides the basics for the development of the Cosmos blockchain chain. The virtual consensus layer of the Cosmos software development toolkit, Tendermint Core, offers an auditor-based consensus mechanism that can be used on various multiple Cosmos blockchains. But each region can choose exactly the method of selecting its auditors.In the case of the cosmos Hub Master Network, the blockchain selects 100 validators from the prominent set of nodes that store the #ATOM coin, the blockchain's own service currency. The right to vote is allocated to each auditor depending on the amount of stored ATOM coins. Then one of the leading auditors suggests new blocks for users to vote on. Successful blocks offer a block bonus that is awarded to the checker and is shared with users who store ATOM coins with their chosen checker.Along with the cosmos Hub consensus mechanism, the ATOM coin is also used to pay transaction fees and participate in voting on matters of governance. Auditors are also required to participate in the proposals, otherwise they may face penalties.Operational compatibility, along with scalability, has long been one of the main problems that need to be solved in the world of blockchains. After more than a decade since the creation of the first bitcoin blockchain, we now have a variety of options regarding operationally compatible blockchain networks. Cosmos is probably one of the most popular options available, along with Tendermint's consensus mechanism and its open source development tools. In this article, we will explore why Cosmos has remained a popular choice and how it has allowed blockchains to work together easily.How does Cosmos (ATOM) workCosmos is a project focused on creating a network of different blockchains that are characterized by operational compatibility. Founded in 2014 by Ethan Bachman and Jay Kwan, the Cosmos network consists of a master blockchain network based on proof of stake interconnection and dedicated blockchain chains known as "zones". The main chain, Cosmos Hub, moves assets and data between connected regions and provides a common layer of protection. All these strings work together using Tendermint which is cosmos ' custom consensus mechanism, and a public application interface. Fees can be paid at Cosmos with the network'S own ATOM digital currency.The Cosmos network is divided into three different layers, namely:1. Networking: allows transaction confirmations and other consensus messages to communicate with focused blockchains.2. Application: updates the network in the case of transactions and balances.3. Unanimity: the contract is regulated in terms of its consent to the addition of new transactions.These three layers come together through a set of open source tools and applications. For example, Tendermint combines the networking and consensus layers into one ready-to-use engine. Blockchain developers using Tendermint only need to focus on the application layer, which saves time and resources.What is the Cosmos HubCosmos Hub is the basic Cosmos blockchain that connects other dedicated blockchains called "zones". This was achieved by monitoring the status of each zone via the inter-blockchain communication protocol (IBCP). Information can be easily transmitted through this protocol between any area connected to the cosmos Hub chain.Cosmos Hub serves as the central ledger of the system, where regions exchange communication protocol messages between blockchains. The protocol of communication between blockchains uses two types of transactions, namely: IBCBlockCommitTx and libcpackettx, the first type informs about the latest hashing operations in any region, while the second type allows the region to prove the legitimacy of the information packet and that it is published from the sender's application.Let's imagine that there are two decentralized applications from two different regions that want to communicate with each other. In order for them to do this, communication protocol messages between blockchains are sent to Cosmos Hub that record this interaction. Messages are transmitted via the Cosmos Hub and each region also records the results of interactions on its own blockchains. Thus, there is evidence of activity in three separate blockchains. The ability of blockchains to interact with each other is what gave Cosmos the nickname "the Internet of blockchains".What are the regions of CosmosDedicated Cosmos blockchains known as "zones" are used for a wide range of different applications. This term is an alternative name for the term side chains, which you are probably already familiar with from blockchain projects such as Polygon. Each region can authenticate its transactions, mint tokens, and implement custom developments itself. Even with these differences, all regions remain interoperable with any other region in the Cosmos system as long as it has permission to do so.The regions use the design of the "Hub & Spoke center and branches" architecture where the Centers perform the role of a router for different regions. Cosmos Hub is one of the most famous centers, but there are others as well, where anyone can create a blockchain chain to be a center or a zone since the network is completely open to the public. But each region or authority Center has refused to connect other blockchains to it. By connecting to one of the Centers, the blockchain can connect to any area connected to the same center, and the centers can also connect to each other. And anyone can split Cosmos Hub and launch their own version, as the Binance Chain did in 2019.What is the Cosmos software development toolkitCosmos software development toolkit is an open source toolkit that allows users to create custom blockchains, its default consensus protocol is Tendermint Core, but there are a variety of different pre-designed modules that you can use. The use of the Cosmos software development toolkit greatly simplifies the process and provides all the standards that you are waiting for when building a blockchain chain. The tool pack is highly customizable using accessories and utilities, users can design new features and themes. Public blockchains that operate with a proof-of-stake mechanism and blockchain chains that require authorization and operate with a proof-of-authority mechanism can be designed using the Cosmos software development toolkit. The Binance Chain is one example of a blockchain chain designed using the Cosmos software development toolkit.What is the ATOM currencyATOM is the original Cosmos currency and has three basic use cases, namely:1. Users must pay their transaction fees using ATOM currency, in proportion to the amount of computing power required.2. The ATOM currency is also used to participate in the Cosmos Hub governance system. The more ATOM coins you have in your possession, the more voting power you have over the platform's decisions.3. The currency is stored with the validators for bonuses with participation in the consensus algorithm.The ATOM coin was distributed through an initial public offering (ICO), and there is no limit to the supply of it, which makes it an inflationary coin. This is due to the fact that Tendermint Core rewards depositors with newly minted ATOM coins. The inflation rate is adjusted immediately based on the amount stored and the number of stored.$ATOM #ATOM #binancefeed #BinanceSquare.

There has been a new development on the spot #Bitocin #ETF front, which has been expected to be approved for a long time and January 10 has been pointed out for possible approval.While the companies that have applied for the spot Bitcoin ETF to date have updated their applications in line with the SEC's statements and expectations, many companies have held meetings with the SEC.However, there was a first in spot BTC ETF applications.Bloomberg analyst James Seyffart also stated that Hashdex executives met with Samantha Ostrom from the SEC Chairman's Office, that is, from SEC Chairman Gary Gensler's team.However, there was a first in spot BTC ETF applications.Bloomberg analyst James Seyffart also stated that Hashdex executives met with Samantha Ostrom from the SEC Chairman's Office, that is, from SEC Chairman Gary Gensler's team.Related:Will Dogecoin (DOGE) Reach One Dollar?Dogecoin (DOGE) reaching $1 has become a common aspiration. But is it a realistic goal or a delusion? While there are contrary opinions, analysts believe Meme Moguls (MGLS), a new ICO, will. This P2E memecoin is currently in the first stage of its presale and has been tipped for a 100x upside.This post will cover the possibility of Dogecoin reaching $1 and present opposing arguments. Further, it will explore why Meme Moguls is the best new crypto to invest in. Let’s begin.Dogecoin Price Prediction: Will It Reach the Historic $1?Dogecoin (DOGE) is one of the most popular cryptocurrencies on the market, despite its humble origins. By market capitalization, it ranks tenth, highlighting its popularity.This memecoin reaching $1 has become one of the most discussed topics in the crypto community. At the time of writing, the Dogecoin price is $0.093, depending on the market sentiment.Related:Crypto Analyst Predicts Major Price Shift For Cardano (ADA)LuckSide, a crypto analyst, has weighed in on the price action of Cardano (ADA), giving an analysis of the near-term price performance of the crypto asset. The crypto analyst recently shared his predictions for Cardano (ADA) with the crypto community during one of his YouTube videos. In the YouTube video – “CARDANO ADA – MOMENT OF TRUTH!,” LuckSide asserted that ADA is at a critical crossroads.The analyst revealed a technical projection that indicates ADA is about to undergo a major price shift. According to him, this is either a bullish or a bearish trajectory in the near future.LuckSide finds signals that are pointing in the direction of a significant price shift, after analyzing ADA’s price charts. This analysis is centered on the significant price gap in the Cardano native token.LuckSide asserted that the gap is “where the highest concentration of liquidity is located for ADA.” This is marked by ongoing selling pressure at the resistance level between “$0.60 and $0.67,” in sharp contrast to a $0.40 level. This gap denotes an unexplored area and suggests a potential strong move, given ADA’s price history. He noted that Cardano could either rise to test the resistance level around $0.70 or drop to the $0.40 support level.The crypto expert also pointed out signs of robustness and strength of ADA in his video. The stability of pivotal support levels and moving averages underscores the strength of the crypto asset.The larger market indicators, such as the volatility and price stability of Bitcoin (BTC), further support this resiliency. The analyst also attributed the market’s movement to the impending Bitcoin Halving event in Mid-2024, due to its market impact. However, LuckSide notes that unforeseen circumstances have the potential to change ADA’s direction while conceding the unpredictability of the market. He further added that although, a decline to $0.40 “might create opportunities to buy the token at a lesser price.”Charles Hoskinson, the founder of Cardano recently underscored the network’s growth, acknowledging that it mimics the natural growth of Bitcoin. The founder took to X (formerly Twitter) to celebrate the network’s performance with the community.In the X post, Hoskinson stated that he has been observing with “glee as some people worry about Cardano’s blocks filling up.” He further reminded the community about the criticism of the network being a useless “ghost chain,” with no liquidity.Hoskinson has assured the community that “Cardano is designed to handle these loads.” He noted a “huge design space” that optimizes the network and DApps for greater scalability in the short and long term.In addition, he has highlighted the network’s victories without Venture Capital (VCs), the media, or influencers. My name is Godspower Owie and i am an employee for Bitcoinnist and NewsBTC news outlet. Sometimes i like to picture myself as an explorer, this is because i like visiting new places, i like learning new things (useful things to be precise), i like meeting new people - people who makes an impact in my life no matter how little it is. I cherish my time, my work, my family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, i chase dreams. NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.#bitcoinETF #BinanceSquare. #BinanceFeed.

Crytocurrencies are constantly changing as new trends and technology shapes their future. Investors,traders and cryptocurrency lovers must follow these challenges 2024.🚀 1.Bitcoin 2.Crypto ETF Growth 3.Etherium 2.0 networks 4.layer 2 protocols and smart contract 5.Regulatory change 6.web3 gaming Please guys wakeup 2024 will be best for all🤩🤩🤩Merry 🎄 and year in advanceSpot Bitcoin ETF Analysts Eye January 10th Approval DeadlineAs approval for a spot bitcoin ETF from the U.S. Securities and Exchange Commission (SEC) looms closer and closer, research experts are still expecting the federal agency’s approval deadline to occur before January 10th, 2024 despite a series of grueling last-minute changes.Approvals window from January 8th-10thBloomberg ETF analyst, James Seyffart, claimed that while many experts are still anticipating approvals to occur between January 8th and January 10th, “some issuers may be left behind.”On December 21st, the SEC met with a number of spot bitcoin ETF candidates to further discuss the details of a potential approval, according to documents listed on the commission’s website.Last minute changesSeyffart’s statement comes shortly after spot bitcoin ETF hopefuls Blackrock and ARK Invest were forced to update their S-1 registration statements in order to comply with federal regulations. More specifically, the companies decided to amend their applications to follow a cash creation system over in-kind transactions at the alleged behest of the SEC.“The SEC’s position is understandable because it will make it clear where the ETF gets its underlying Bitcoin from–the ETF will buy them, presumably from reputable exchanges, whereas if you allowed in-kind transfers you wouldn’t be able to know where the Bitcoin transferred came from,” investor and consultant, Vance Harwood posted to X.Senior Bloomberg ETF analyst, Eric Balchunas, additionally noted that the cash-only updates were a “good sign” and the SEC and spot bitcoin ETF applicants were “getting their ducks in a row” ahead of the holidays.However, imposing cash creation instead of in-kind transactions is a less attractive option for many investors as cash creations can be qualified as “taxable events.”“I know for a fact ARK/21Shares did NOT want to do cash creations, even worked out a creative alt way to do in-kind,” Balchunas posted to X. “So if they are surrendering that tells you SEC not budging, debate is over, which is probably good if you’re looking for January approval.”Mainstream adoptionIf a spot bitcoin ETF is approved in January, it could signal the start of more mainstream adoption of cryptocurrencies in the U.S. However, stringent regulatory concerns have slowed up the approval process.“Word is SEC is hard line on what they need re no wiggle room language around cash creations and an AP agreement,” Balchunas stated. “When we see S-1s w those updates can probably assume that the issuer is home free.#BTCETF #binancefeed #BinanceSquare.

Each bitcoin consists of 100,000,000 Satoshi (sats). The #ordinals protocol makes it possible to identify each individual Satoshi and manipulate them with the additional data attached (through a process known as embossing).Ordinals has created another use case for bitcoin that goes beyond simple value transfer, making #Bitcoin NFT tokens a reality.Until recently, #NFT tokens were mainly minted and used on blockchains such as Ethereum, Solana and the BNB smart chain, however, the team in charge of Ordinals believes that non-exchangeable tokens also have their place on the Bitcoin blockchain, therefore, this led to the emergence of the Ordinals project.History has proven that changing part of the Bitcoin code is very difficult. This problem is mainly due to the decentralized network of nodes and developers who do not want to risk the security of the network. As such, Bitcoin NFT tokens have not gained as much traction. However, the growth of the cryptocurrency ecosystem has opened the doors to more innovative minds that consider the creation of NFT tokens for bitcoin as part of the future of web 3.As of February 2023, inscriptions using Ordinals exceeded 100,000, as users put photos, video games and other content on the network. We will see in the following how it works.What are Ordinals for bitcoinThe Ordinals protocol is a system for numbering Satoshi units so that each Satoshi unit is given a serial number and tracked through transactions. Simply put, Ordinals allows users to make individual Satoshi modules unique by attaching additional data to them, this process is known as "engraving".Satoshi-named after the pseudonymous creator of bitcoin Satoshi Nakamoto – is the smallest denomination of bitcoin (BTC). One BTC can be divided into 100,000,000 Satoshi units, which means that each Satoshi is equal to 0.00000001 BTC.Satoshi units are numbered based on the order in which they were minted and transported. The numbering scheme is based on the order of mining of Satoshi units, while the transfer scheme is based on the order of input and output of transactions. Hence the name Ordinals, which means"ordinal numbers".While traditional NFT symbols are similar to ordinal numbers in some ways, there are some key differences between them. NFT tokens are usually created using smart contracts on blockchains such as Ethereum, Solana, and the BNB smart chain, and sometimes, the assets they represent are hosted elsewhere. And, on the contrary, ordinal numbers are engraved directly on individual Satoshi units, which are then embedded in blocks on the Bitcoin blockchain chain. The ordinal numbers are located entirely on the blockchain and do not require a side chain or a separate token. In this sense, the inscriptions of ordinal numbers inherit the simplicity, stability, security and durability of bitcoin itself.Theory of arrangement and inscriptionsIn the context of bitcoin, the ranking theory is a proposed methodology for identifying each Satoshi via a serial number and tracking them in the total inventory of bitcoin, starting from its minting for the first time and up to the expiration of its transaction life. This process is referred to as "engraving". Thus, the inscriptions of ordinal numbers are digital assets, similar to NFT symbols, inscribed on Satoshi in the Bitcoin network. This process was made possible thanks to the taproot upgrade, which was launched on November 14, 2021. For this reason, the inscriptions of ordinal numbers do not require a side chain or a separate token.Since the theory of order allows tracking and transferring individual Satoshi units, it made it possible to collect them. Based on the total stock of bitcoin, the following ranks were determined to denote the scarcity of various Satoshi units:Rumor: any Satoshi other than the first Satoshi of its own mass (total inventory is 2.1 quadrillion).Uncommon: the first Satoshi of each block (total inventory 6,929,999).Rare: the first Satoshi of each difficulty adjustment period (total inventory 3,437).Epic: the first Satoshi after each halving (Total Stock 32).Legendary: the first Satoshi of each cycle* (total inventory 5).Fairy: the first Satoshi from the genesis block (total inventory 1).The cycle represents the period between the conjugations that occur when the halving and the difficulty adjustment coincide. Theoretically, this happens every 6 halves, but the first pairing has not yet happened (it is expected in 2032).Advantages and disadvantages of Ordinals Ordinals has created another use case for the Bitcoin network that goes beyond simple value transfer. However, the Ordinals protocol has been met with controversy because it raises a fundamental problem among members of the bitcoin community. On the one hand, there is a category that believes that the relative simplicity of bitcoin should be preserved in its restrictions on the storage and transfer of value, and on the other hand, there is a category that believes that bitcoin should evolve to include new features and use cases.Patterned Satoshi units are now competing for block space with regular BTC transactions, increasing network fees. This has caused some controversy in the bitcoin community, but some Ordinals supporters argue that this could be positive as the fees represent a crucial incentive for miners to secure the blockchain. And in the future, as block rewards dwindle over time, network fees will become the primary incentive for allocating the hash power of bitcoin. It seems that the cryptocurrency community is divided on the topic, but the project certainly brought innovation to the bitcoin sphere.Final thoughtsOrdinals is changing the world of blockchain art by providing a completely new way to store information for bitcoin transactions. It adds an additional benefit and has led to an increase in the number of non-zero bitcoin addresses to an all-time high. We are witnessing a unique moment in the history of bitcoin, where innovation generates network activity that goes beyond the typical use cases of investment and cash transfer. Does this mean that Ordinals will continue to grow Not necessarily. We'll have to wait and see.What is Taproot and how will bitcoin benefitTaproot is an upgrade to the Bitcoin network, implemented on November 14, 2021. In addition to Schnorr's signatures, Taproot is one of the most important and highly anticipated technological upgrades for bitcoin since the introduction of SegWit. Taproot's goal is to change the way bitcoin scripts work to improve privacy, scalability, and security. These and many other advantages will be achieved by combining Taproot and The Associated promotion called Schnorr signatures.Anyone familiar with the cryptocurrency community knows that privacy, scalability and security are the main concerns. While bitcoin is the most popular digital currency in the world, these problems still need to be solved. The taproot upgrade aims to achieve this solution.Bitcoin has experienced ups and downs, but it has proven to be the anchor that maintains the status of digital currencies. Regardless of the problems that have arisen over the years, such as the Mt Gox hack. Or the notorious bitcoin chain splits, the cryptocurrency community has supported bitcoin.But there are some problems that cannot be overlooked – the biggest one is the problem of privacy. Since bitcoin represents a public blockchain, anyone can monitor the transactions taking place on the network. This is a major concern for some.It is possible to increase your anonymity through techniques such as currency blending and coinjoins. But, unfortunately, none of these technologies make bitcoin a special currency. While this does not apply to the taproot upgrade, it may help increase anonymity on the network. The taproot upgrade was widely anticipated as a major first step towards solving bitcoin's lack of privacy and other related concerns. On November 14, 2021, Taproot was activated on the Bitcoin network after approval from miners around the world. #ordinals #BinanceSquare. #Binancefeed

Worldcoin Price Spikes 26% After OpenAI CEO Departure, Is #WLD Surge Shortlived? The price of Worldcoin’s WLD token surged 26.5% this week to a high of $2.65, sparked by the high-profile departure of OpenAI CEO Sam Altman. Altman was recently ousted from the artificial intelligence research company and holds an advisory role with Worldcoin developer Tools for Humanity.The abrupt rally left many investors wondering what exactly prompted WLD’s breakout. On-chain analyst Lookonchain noted large deposits of WLD to exchanges just before the spike, indicating potential insider knowledge. Over 1.83 million WLD worth $4.47 million was moved in the span of 7 hours.Reasons for Worldcoin rally remain uncertainWhile the reasons for the rally remain uncertain, Worldcoin’s ties to Altman appear to be a key factor. Altman’s forced resignation from OpenAI made headlines in tech circles this week.As an advisor to Worldcoin, his shift away from OpenAI may have fueled speculation around increased involvement with the #cryptocurrency project.Some perceive Altman’s departure from OpenAI positively for Worldcoin, believing it could mean more time dedicated to Tools for Humanity. This renewed confidence in Worldcoin’s technology and development team may be buoying the price.Launched in 2021, Worldcoin aims to distribute crypto globally while verifying users’ unique human identity through iris scans. The futuristic initiative hit roadblocks due to privacy concerns over the iris scanning.But with Altman’s OpenAI exit, investors may anticipate a reboot at WLD. The 26% price jump could represent bets on Altman devoting his iconic startup experience to realizing Worldcoin’s ambitious vision.At the same time, Worldcoin’s underlying technology and use cases remain largely conceptual. The token is not yet widely used and could simply be riding the coattails of Altman’s fame thus far.However, the rally seems shortlived as the price plummeted from its 24-hour high by 6.7%. CoinGecko data shows that WLD is trading at $2.28 at press time.$WLD #WLD #BinanceSquare. #Binancefeed