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#Bitcoin Miner To Exchange Flow Has Spiked During The Past Day
As pointed out by an analyst in a CryptoQuant post, the #miners have been showing signs of selling recently. The relevant indicator here is the “miner to exchange flow,” which keeps track of the total amount of Bitcoin that #miners are depositing to exchanges.
Generally, these chain #validators only make such transactions when they intend to sell, so the indicator’s value observing a spike can be a sign of a sell off.
As pointed out by an analyst in a CryptoQuant post, the #miners have been showing signs of selling recently. The relevant indicator here is the “miner to exchange flow,” which keeps track of the total amount of Bitcoin that #miners are depositing to exchanges.
Generally, these chain #validators only make such transactions when they intend to sell, so the indicator’s value observing a spike can be a sign of a sell off.
⚡ #Ethereum #ETH has successfully completed the Shapella network upgrade at epoch 194048
The #shapella network upgrade is now live, this upgrade follows #themerge and enables #validators to withdraw their stake from the Beacon Chain back to the execution layer.
The #shapella network upgrade is now live, this upgrade follows #themerge and enables #validators to withdraw their stake from the Beacon Chain back to the execution layer.
Is There Such a Thing as Too Many Ethereum Validators? 😂
#Ethereum just scored a million-strong security force, with validators locking up a whopping $114 billion!
But is this crypto army too big? Some fear too many #validators might cause glitches, while others use special pools to join the party with less ETH.
To keep things fair, Ethereum's co-founder has a plan to #penalize unreliable validators, evening the odds for smaller players.
Will this million-validator milestone become a model of security, or will it expose hidden weaknesses? Stay tuned!
#Binance
#crypto2024
#Ethereum just scored a million-strong security force, with validators locking up a whopping $114 billion!
But is this crypto army too big? Some fear too many #validators might cause glitches, while others use special pools to join the party with less ETH.
To keep things fair, Ethereum's co-founder has a plan to #penalize unreliable validators, evening the odds for smaller players.
Will this million-validator milestone become a model of security, or will it expose hidden weaknesses? Stay tuned!
#Binance
#crypto2024
What is Gnosis Chain? Everything You Need to Know!
What is Gnosis Chain? (GNO)
#Gnosis Chain is a blockchain infrastructure provider that was first introduced in 2015 as a decentralized prediction market.
Initially conceived as a platform similar to Augur, the team soon recognized the need for developing infrastructure tools to enhance the utility of the Ethereum ecosystem.
Consequently, the core development team focused on creating these essential tools, leading to the incubation of various products such as Gnosis Safe (a multisig and programmable account), #CoW Protocol (formerly #CowSwap and Gnosis Protocol), Conditional Tokens (for prediction markets), Gnosis Auction, and #Zodiac (providing standard and tooling for composable DAOs).
As a decentralized autonomous organization (DAO), Gnosis employs the products it develops to transparently influence decisions related to ecosystem development, support, and governance.
The native token of the Gnosis ecosystem is GNO, which serves multiple purposes, including staking on the Gnosis Beacon Chain and acting as the governance token for the GnosisDAO.
The Community Run Chain
The Gnosis Chain’s community-driven approach is at the heart of its success as one of the pioneering Ethereum sidechains.
By empowering contributors worldwide to easily run nodes, Gnosis Chain has created a truly decentralized and secure network.
With over 120,000 #validators actively participating in securing the chain, the platform benefits from a diverse validator set, ensuring that no single entity can dominate the network, thus preserving its credibility and neutrality.
The community governance model is another key pillar of Gnosis Chain’s success.
Decisions related to the platform’s development, upgrades, and governance are made collectively by the community, ensuring a more inclusive and transparent decision-making process.
Through on-chain voting and proposals, participants can actively shape the future of the Gnosis ecosystem, fostering a sense of ownership and responsibility among community members.
Moreover, Gnosis Chain’s community-driven approach translates into lower costs compared to the Ethereum mainnet.
By leveraging the expertise and resources of contributors from around the world, the platform efficiently utilizes its resources, resulting in reduced operational expenses.
This cost-effectiveness is a significant advantage, as it allows Gnosis Chain to offer its services at a more accessible price point while maintaining a high level of security and decentralization.
The commitment to community involvement and the encouragement of global participation make Gnosis Chain an attractive platform for developers, validators, and users alike.
By enabling community members to actively contribute to the network’s growth and development, Gnosis Chain nurtures a vibrant and engaged community, united by a shared vision of decentralization and innovation.
As the world of blockchain technology continues to evolve, Gnosis Chain stands as a shining example of how a community-driven approach can lead to the creation of a robust, secure, and credible blockchain infrastructure.
With its commitment to decentralization, security, and community governance, Gnosis Chain is poised to make a significant impact in the decentralized finance space, fostering the growth of the Ethereum ecosystem and shaping the future of blockchain technology.
Read more: https://perseuscrypto.com/blockchain/what-is-gnosis-chain/
#Gnosis Chain is a blockchain infrastructure provider that was first introduced in 2015 as a decentralized prediction market.
Initially conceived as a platform similar to Augur, the team soon recognized the need for developing infrastructure tools to enhance the utility of the Ethereum ecosystem.
Consequently, the core development team focused on creating these essential tools, leading to the incubation of various products such as Gnosis Safe (a multisig and programmable account), #CoW Protocol (formerly #CowSwap and Gnosis Protocol), Conditional Tokens (for prediction markets), Gnosis Auction, and #Zodiac (providing standard and tooling for composable DAOs).
As a decentralized autonomous organization (DAO), Gnosis employs the products it develops to transparently influence decisions related to ecosystem development, support, and governance.
The native token of the Gnosis ecosystem is GNO, which serves multiple purposes, including staking on the Gnosis Beacon Chain and acting as the governance token for the GnosisDAO.
The Community Run Chain
The Gnosis Chain’s community-driven approach is at the heart of its success as one of the pioneering Ethereum sidechains.
By empowering contributors worldwide to easily run nodes, Gnosis Chain has created a truly decentralized and secure network.
With over 120,000 #validators actively participating in securing the chain, the platform benefits from a diverse validator set, ensuring that no single entity can dominate the network, thus preserving its credibility and neutrality.
The community governance model is another key pillar of Gnosis Chain’s success.
Decisions related to the platform’s development, upgrades, and governance are made collectively by the community, ensuring a more inclusive and transparent decision-making process.
Through on-chain voting and proposals, participants can actively shape the future of the Gnosis ecosystem, fostering a sense of ownership and responsibility among community members.
Moreover, Gnosis Chain’s community-driven approach translates into lower costs compared to the Ethereum mainnet.
By leveraging the expertise and resources of contributors from around the world, the platform efficiently utilizes its resources, resulting in reduced operational expenses.
This cost-effectiveness is a significant advantage, as it allows Gnosis Chain to offer its services at a more accessible price point while maintaining a high level of security and decentralization.
The commitment to community involvement and the encouragement of global participation make Gnosis Chain an attractive platform for developers, validators, and users alike.
By enabling community members to actively contribute to the network’s growth and development, Gnosis Chain nurtures a vibrant and engaged community, united by a shared vision of decentralization and innovation.
As the world of blockchain technology continues to evolve, Gnosis Chain stands as a shining example of how a community-driven approach can lead to the creation of a robust, secure, and credible blockchain infrastructure.
With its commitment to decentralization, security, and community governance, Gnosis Chain is poised to make a significant impact in the decentralized finance space, fostering the growth of the Ethereum ecosystem and shaping the future of blockchain technology.
Read more: https://perseuscrypto.com/blockchain/what-is-gnosis-chain/
