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Contact for any queries @Steffendude
Binance Will Support the BNB Beacon Chain (BEP2) and BNB Smart Chain (BEP20) Network Upgrades & Hard Forks
https://www.binance.com/en/support/announcement/3ee1170d2fdb4c97aff27ace8be956a0
What Is an Optimistic Rollup?
An optimistic rollup is a type layer 2 scaling solution that relies on off-chain computation to trustlessly record transactions that happen in layer 2. Periodically the system publishes a Merkle root of the transactions that happen within the rollup in order to update the "state" of the rollup on the main underlying blockchain. A network of external validators checks the Merkle roots to make sure that they are correct before the state is updated some time later. If an inconsistency arises, then the validator can publish a fraud proof during the dispute period, which can cause the state of the system to be rolled back to the previous valid state.
Optimistic Rollups Explained
An optimistic rollup is a layer-2 scaling solution designed to enhance Ethereum's throughput and latency by moving computation and data storage off-chain. These rollups reduce the load on the Ethereum mainnet and increase its scalability by processing transactions outside of it.
The three main components of an optimistic rollup are:
-> A smart contract on Ethereum
-> A sequencer
-> A set of validators
The smart contract governs the interaction between the layer-2 chain and Ethereum. The sequencer (a third party) collects, orders, and executes transactions on the layer-2 chain. Validators, comprising a group of nodes, monitor the layer-2 chain and submit fraud proofs to the smart contract if they identify any invalid transactions.
Using an optimistic rollup requires users to deposit funds into the Ethereum smart contract. The smart contract then locks the funds and emits an event signaling the deposit. The sequencer receives the event and credits the user with equivalent tokens on the layer-2 chain.
Users can transact freely on the layer-2 chain with other users who have also deposited funds into the smart contract. They sign transactions and submit them to the sequencer, who verifies and adds them to a queue.
Periodically, the sequencer batches thousands of queued transactions into a block and submits it to Ethereum as a single transaction. The block contains minimal data, such as the state root (a Merkle root of the layer-2 chain's state) and the transaction root (a Merkle root of the transactions in the block). The smart contract stores these roots and updates its state accordingly.
The sequencer publishes the full block data off-chain, either on a decentralized storage network (e.g., IPFS) or a centralized server. Validators can access this data and verify that it matches the roots submitted on-chain. If they find any discrepancies, they can submit a fraud proof to the smart contract, which reverts the invalid block and slashes the sequencer's bond.
When a user wants to withdraw funds from the layer-2 chain to Ethereum, they must initiate an exit request on the layer-2 chain. The sequencer includes this request in a block and submits it to Ethereum. The smart contract then unlocks the funds and transfers them to the user's address. However, there is a waiting period (typically one week) before the withdrawal is finalized, during which anyone can challenge the exit with a fraud proof if it is invalid.
Optimistic rollups' key feature is their assumption that all transactions are valid by default, and it only verifies them if a fraud proof is submitted. This enables high scalability without sacrificing security or decentralization.
#ENJ strongly reacted from the support zone and made a decent move. In Hourly TF, price making its structural shift. If you entered there, try to hodl it for a mid-term.
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Here's the Analysis of #CELO :
#CELO is been moving down with the market correction and approaching towards the support zone of $0.97 - $1.00. A reaction is expected from the support but market need to slow down a bit, else we'll see a clean break below of the support. Shorting are less probable, buys will play better at some extent.
Our chart tracks supply clusters over time and by coin age, highlighting in blue previous breaks to new ATH prices, signaling a shift to 'red hot supply'. These warmer colors indicate older supply entering circulation, characterizing the 'Euphoria Phase' of Bitcoin bull markets. As prices rise, dormant supply becomes active, reflecting a wealth transfer from long-term holders to new demand. This pattern suggests continued market dynamics favoring higher prices.
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#BTC made its rejection from the consolidation range, and made a heavy drop. Price broke through the support zone and tapped into next support zone of $64,800 - $66,050. Sells side is strongly to the downside, so have to wait for the dust to settle down, before entering fresh trades or make any directional bias.
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What is (#PBFT) Proof of Byzantine Fault Tolerance ?
Proof of Byzantine Fault Tolerance (#PBFT) is a consensus algorithm used in distributed systems to achieve #consensus among a network of nodes even in the presence of faulty or malicious nodes. It is specifically designed to handle #Byzantine faults, which refer to arbitrary and #malicious behaviors exhibited by nodes in a distributed network.
In #PBFT, a network of nodes forms a consensus group, and each node takes turns acting as a #leader. The consensus process involves a series of rounds where the leader proposes a value or a set of #transactions, and other nodes in the network vote on the proposed value. #Nodes communicate with each other to reach a consensus on the agreed-upon value.
To achieve Byzantine fault tolerance, #PBFT requires a minimum number of correctly functioning #nodes in the network. As long as a two-thirds majority of the nodes are honest and follow the #protocol, PBFT guarantees that the network can agree on a consistent value, even if some nodes are faulty or malicious.
#PBFT is often used in permissioned blockchain networks, where the participants are known and trusted, and the network operates in a more controlled environment. It provides fast finality, low #latency, and high throughput compared to other consensus #algorithms like Proof of Work (PoW) or Proof of Stake (PoS). However, PBFT requires a higher degree of network communication and is less suitable for open and #decentralized networks.
So, now you're wondering, I've never see any coin using this, Which coin uses this Consensus?
—> This is only the Hot Coin in 2016 - 2017 Bull-Run, which is #NEO Coin.
Notice on the Withdrawals of Delisted Tokens & Conversion of Selected Tokens to USDT (2024-04-01)
https://www.binance.com/en/support/announcement/b1e997d92c90432fb28cf788f313f3dd
#BTC kept on moving within the range and last week gone perfectly as predicted. Price is still range and this week is currently started, with that, now we can expect some strong moves. The current range breakout will lead the directional move in the market.
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$BFLOKI Token is Now live on MEXC: Let's Celebrate Crypto Style! 🎉
https://www.mexc.com/exchange/BFLOKI_USDT
🥳 MEXC Welcomes BFLOKI🌍
🤝 Let's Reach New Heights Together 🚀Cheers to Community Success! 🥳
#MEXCCryptoJoy #MEXC #BFLOKI #BitFloki #FLOKI #BITCOIN #MEMES #CommunitySuccess
What Is Ontorand Consensus Engine (Ontology)?
Ontorand Consensus Engine is VBFT (Verifiable Byzantine Fault Tolerance) consensus mechanism on the Ontology blockchain.
VBFT is a combination of proof of stake, verifiable random function, and byzantine fault tolerance. Conventional blockchain requires each node in the network to have a complete copy of the blockchain, thus making it hard for the nodes to scale. By combining proof of stake, VRF, and BFT, the Ontology Consensus Engine (OCE) creates a blockchain that can theoretically allow near-infinite scalability, excellent security and speed.
Ontology blockchain is a public blockchain project and distributed trust collaboration platform. It makes decentralized trust systems available to everyone, connecting different blockchains, improving the efficiency of business applications, and providing mainstream users with the ability to use public blockchains without having to know about their technical implementations.
As the Ontorand Consensus Engine operates on VBFT (Verifiable Blockchain Fault Tolerance) technology, the processing power of consensus is doubled to mitigate faults. It uses the proof-of-work algorithm and ensures nodes verify transactions on the VBFT blockchain by making them perform computations on it.
The VRF is part of an innovative cryptographic scheme that uses pairings to create a new, equally secure but much simpler function. It is more powerful than traditional two-party protocols such as those that rely on Diffie-Hellman (DH) or Elliptic Curve Diffie-Hellman (ECDH), and in many cases, it provides the same level of security with fewer steps.
Byzantine fault tolerance is a fault-tolerant consensus protocol. The algorithm ensures that if an arbitrary number of processes fail, the system still works. This is critical for distributed systems, where we cannot rely on a central server to dictate and validate the execution of a networked application. The term byzantine fault tolerance is used to describe fault-tolerance in computer systems in which failures may be caused by Byzantine faults (i.e., arbitrary faults that are not due to faulty hardware alone, such as software crashes). This is in contrast to the use of more typical terms like "fault tolerance", which implies that only failed hardware is held to be a source of potentially erroneous behavior.
What differentiates VBFT from other consensus algorithms is its tight integration with the governance model of the Ontology blockchain. It’s adapted to operate on the defined parameters of Ontology without affecting the randomness and fairness of the consensus process. With the help of VBFT, public blockchains can improve both performance and scalability. It consequently allows dApp developers to bring out their creativity the best way – the blockchain ecosystem relies on dApp developers hugely. VBFT has a long way to go and it’ll only improve with time.
🚀 Countdown Alert! Less than 4 hours until $BFLOKI Launches on MEXC!🚀
- $BFLOKI torched another 10% of supply, bringing the total burn to a staggering 60%! 🚀 With a whopping 600 billion tokens gone FOREVER, the BitFloki ecosystem just got even stronger! 🔥
🔥 Don't miss out your spot in the $BFLOKI journey – it's about to get epic!
Pancakeswap buy link: https://pancakeswap.finance/swap?outputCurrency=0x79CDc9cA057E16dFfd45BD803491f328f49e1762
The massive pump incoming!🚀✌️
- BFLOKI is now trending as the hottest token on Dextools! 🔥
Act now and secure your ticket to the moon! BFLOKI is currently tradable on PancakeSwapV2🚀 and Coming soon on Tier2/Tier1 exchanges🚨
https://pancakeswap.finance/swap?outputCurrency=0x79CDc9cA057E16dFfd45BD803491f328f49e1762
That's huge! $BFLOKI torched another 10% of supply, bringing the total burn to a staggering 60%! 🚀 With a whopping 600 billion tokens gone FOREVER, the BitFloki ecosystem just got even stronger! 🔥 Tweet Link
🔥 $BFLOKI is now trending as the hottest token on Dextools! 🔥
Pancakeswap buy link: https://pancakeswap.finance/swap?outputCurrency=0x79CDc9cA057E16dFfd45BD803491f328f49e1762
MEXC.COM will officially list $BFLOKI on March 31 at 14:00 UTC. Grab your seats for the ride🚀
Expecting 10x upon MEXC listing🚀✌️
#BTC still moving over the support and consolidating and with that, price rejecting both side from the top and bottom to. Well, there's most chances of getting strong reversal from here and market start trending again. Ig you're holding any alts position, try to stay there as we can see a jump by this weekend.
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Here's the Analysis of #SUI :
#SUI is been moving down the market conditions and near towards the trendline. Price is already above the major Resistance area, so a bounce is expected from trendline else we can see a move towards the support zone of $1.28 - $1.37 for the good buying opportunities.
If we segregate for coin-ages younger than 3 months, we can see a sharp increase over recent months, with these newer investors now owning ~44% of the aggregate network wealth. This uptick in younger coins is a direct result of Long-Term Holders spending their coins at higher prices to satisfy the wave of inflowing demand.
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#BTC tapped into the support deeper till the bottom area and reacted a bit. Price Seems to be hodling the support and might gonna reverse from here. Well, still the dusk is in the air, better wait for the market to stable down.
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What Is an Optimistic Oracle?
An optimistic oracle is an oracle where real-world data is integrated with decentralized systems (e.g. blockchains), and the data is accepted as true if it is not disputed during a certain period. The “optimistic” design differs from a price-feed oracle, where prices are streamed on-chain but without any recourse or error protection.
Because of the unique design, optimistic oracles can be used in different ways than price-feed oracles. In addition to the price of an asset, they can serve arbitrary data, and “long-tail” information requests that might not be feasible for price-feed oracles to support.
The optimistic oracle also protects smart contracts and users against manipulation of the external data feed, since incorrect data can be disputed. This is a unique feature, as other oracle solutions are only as secure as their data feed.
#ENJ continued to push lower and making it way towards the support zone. Well, Price entering there, is our buy zone, but market is very volatile at the moment. A strong bounce is expected from the $0.40 area but take it accordingly.
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Here's the Analysis of #FLM :
#FLM is been rejected hard from the Major Resistance Zone of $0.141 - $0.148. Price kept on flipping both side of the zone around $0.127 - $0.200 which is a flip level too. Currently, price broke the supporting trendline, which says bearish words. Market is but unstable so better wait for the opportunities.
We can also see the dominance of Long-Term Holders is increasing relative to all profit taking events. This behavior pattern is typical of all prior Bitcoin cycles. From this, analysts can start to consider LTHs as an increasingly important cohort when assessing the magnitude of sell-side supply pressure moving forwards.
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#ROSE broke the rising wedge pattern and nearly reached the support zone. Now we've 2 zone where price can move up from, One is the current level and 2nd one is from support zone of $0.114 - $0.121. Take the risk accordingly, with proper stops.
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Here's the Analysis of #POLYX :
#POLYX, just making its strong impulsive move to the upside and breaking out the structural resistance zone of $0.64. There's no reference to the left, so levels are not there for major resistances as its #ATH. So wait for good retracements so ride the move.
🎉 Exciting News! BFLOKI Token will be LIVE on MEXC Exchange within next 60 minutes🚀
Some key points for #BitFloki
- Trending on Dextools✅
- CMC and CG listed✅
- Liquidity locked ✅
- 25% Token locked ✅
- 60% Supply burned✅
- Partnership and Development✅
- Dex and Cex exchange listing ✅
- Roadmap Implementation ✅
- Upcoming major events ✅
- Product Market Fit ✅
- FA & TA✅
$BFLOKI started Centralised Exchange journey from MEXC, Don’t forget Tier1 exchange announcement in pipeline as per their official tweet. Grab it and be a early bird of this massive journey 🥳
Pancakeswap buy link: https://pancakeswap.finance/swap?outputCurrency=0x79CDc9cA057E16dFfd45BD803491f328f49e1762
The massive pump incoming!🚀✌️
As the market reached the $73.2k ATH, over $2.6B in Realized profit was locked in via on-chain spending. Approximately 40% of this profit taking can be attributed to the Long-Term, Holder cohort, which includes investors divesting from the GBTC Trust.
The remaining $1.56B in Realized profit was locked in by Short-Term Holders, as traders take advantage of the inflowing liquidity and market momentum. Realized profit by both cohorts has reached a similar magnitude to during the 2021 bull market peak.
#DXY UPDATE :
#DXY moving as predicted and slowly moving to the potential rejection zone/ resistance. We already saw the impact in the market by moving sideways and Dollar Index Rising. But the Market didn't fall much or remain stable irrespective of the rising #DXY. This shows the buyers strength in the market.
#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, previous week closed with rejection, rejecting both of the below zone and this week candle trying to gain some momentum. Candle closing engulfing will be bullish for next week and for this week we already told you it gonna be side ways. Monday market open will strong lead the move in next week.
Here's the Analysis of #SKL :
#SKL is made its flip above the Resistance area of $0.111 - $0.113 and made its as support. This Zone is from the Weekly TF, which standing strong, so we can expect buy to continue. Price already making it retest, so take in accordingly and manage risk as well.