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Challenges and Limitations in Replicated Security?
There are challenges and limitations to the upgrade that will have to be tackled collectively by the Cosmos community.
The most notable challenge is that there is an economic limit to how many chains a validator could secure. If too many chains are onboarded, the cost of running a Cosmos Hub validator node becomes increasingly expensive, which would be harmful to smaller validators.
The other issue is that running a new node for each Consumer chain has increased operational cost, but there is little guarantee of returns because most consumer chains' revenue starts very low and increases with the adoption and use of the chain.
The concern then is that, in the short term, these challenges may undermine the financial security of node operators and the ability of RS to scale.
How Do We Solve These Issues?
For RS to successfully scale and become economically sustainable, it will need to meet the following conditions:
-> Successful Consumer chains,
-> Better revenue distribution, and
-> Reduced operational costs.
The limited number of chains that can initially be onboarded creates an incentive for the Hub to vet the projects that launch on RS carefully. To maximize its own expected value, the Hub should assemble a roster of the most promising applications and provide them with the support they need to be tremendously successful.
Once consumer chains start producing meaningful revenue streams, revenue distribution becomes the key to the scalability of RS. The better the distribution, the faster the validator set meets its expenses, and the sooner another chain can be onboarded.
Currently, the distribution of revenue is weighted by stake: validators receive tokens proportional to their share of the ATOM stake. Improving the distribution of the stake itself on the Hub would not only make RS more scalable, but it would also improve the decentralization of the network.
Finally, RS can also be monetized outside of the validators. ATOM 2.0 envisioned mechanisms to allow the Hub to accrue value from its economic zone of consumer chains. The proposal was eventually rejected, but some of the mechanisms it depicted may still be relevant to the Hub. Token swaps, for example, could be used to provide significant upside to the Hub while bootstrapping liquidity for the Consumer chains.
#TOTAL2 MARKET CAP UPDATE :
#TOTAL2 didn't moved alot and kinda consolidated in a range, and in the meantime forming a triangle pattern. We already saw the impact of this, as market is not moving alot too, and few altcoins moved. Well, now eyes on breakout by which the next drive in altcoins gonna decide. As Index hodling the support, so a bullish break is expected.
Hello everyone! Exciting news awaits! 🥳
After receiving numerous requests from our community for a game-changing PancakeSwap/Uniswap GEM call, we're thrilled to announce that the next undervalued but guaranteed 20X-50X potential GEM💎 is on its way! Our team has been hard at work, meticulously vetting a range of incredible projects with massive potential.
Here are some key points to consider when validating a project:
- Check if it's listed on CoinMarketCap (CMC) and CoinGecko (CG)
- Ensure liquidity and token lock-ups
- Evaluate the project's idea, team, and development progress
- Look out for upcoming events, roadmap implementation, and product-market fit
- Tokenomics: Review the tokenomics, including supply distribution, token utility, and potential for scarcity. Strong tokenomics can drive long-term value appreciation.
- Analyze fundamental and technical aspects
- Liquidity and Volume: Check the liquidity depth and trading volume. Higher liquidity ensures smoother trading and price stability.
In the meantime, it's wise to prepare by transferring some funds to BNB, ETH, or USDT (BEP20/ERC20) on MetaMask or TrustWallet. This ensures you're ready to seize this golden opportunity when it arises, especially since this PancakeSwap/Uniswap GEM 💎 will soon be listed on Tier1 exchanges.
Stay tuned for the date and time announcement, and happy trading! 😊
What Is Replicated Security?
Replicated Security (RS) is a new technology that lets a Cosmos blockchain share its economic security with another using the Inter-Blockchain Communication protocol (IBC). Replicated Security recently launched on the Cosmos Hub, and has already attracted applications from Neutron and Stride, two projects looking to secure their respective blockchains using replicated security.
As opposed to the Ethereum ecosystem, where every application is a set of smart contracts on a shared blockchain, in Cosmos, every application can have its own dedicated appchain. This approach allows developers to tailor the blockchain to the needs of their applications. It can not only help improve performance and user experience but also makes appchains responsible for their own security.
As a result, launching applications as appchains can be difficult or costly. It requires attracting a set of validators with inflationary token rewards while ensuring that the value of the staked token remains sufficiently high to deter attacks.
Replicated security provides a solution to this challenge by enabling developers to leverage the Cosmos Hub’s established validator set and its staking token, $ATOM while retaining the ability to customize their blockchain.
How Does Replicated Security Work?
Cosmos blockchain is secured by Proof-of-Stake, a consensus mechanism in which computers, called validators, compete for the right to propose the next block of a blockchain (and earn the associated reward) by staking valuable native tokens. If a validator misbehaves, the blockchain can punish them by slashing a portion of their tokens.
Replicated security adds to this mechanism, but across multiple blockchains: the Provider Chain provides the validator set and staking token, and the Consumer Chain provides rewards and checks that validators are not misbehaving.
This requires communications between the Provider and Consumer chains, which are handled by sending messages over IBC. For example, the Provider chain regularly sends information about validators and their stake to the Consumer chains. If a validator misbehaves, the Consumer chain sends a message to the Provider chain to trigger the slashing of their tokens.
#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, closed with the strong rejection candle and next candle tapped into the resistance by which its try to close below the support. If weekly candle closes below the $61,500 support, then we can expect some more correction in the coming weeks. The worst part is closing below $60,000 will start a new mid-term correction in the market.
What is Liquidation ?
Liquidation is a critical concept, particularly in leveraged trading, where traders borrow funds to amplify their positions. When traders use leverage, they have the potential to magnify their profits, but they also expose themselves to higher risks. Liquidation occurs when the value of a trader's position falls below a certain threshold, known as the liquidation price. At this point, the exchange automatically closes the trader's position to prevent further losses.
Liquidation is a risk management mechanism implemented by exchanges to protect both traders and the exchange itself. By closing out positions that have reached or exceeded their liquidation price, exchanges ensure that traders cannot lose more than their initial investment or margin deposit. This helps to maintain the integrity of the trading platform and prevents traders from accumulating unsustainable losses.
The liquidation process typically involves selling off the trader's assets to cover the outstanding debt or margin requirements. The proceeds from the liquidation are used to repay the borrowed funds and any associated fees. Depending on market conditions and the size of the position, liquidation can result in partial or full loss of the trader's assets.
Traders must be mindful of their liquidation price and manage their risk accordingly when engaging in leveraged trading. Setting appropriate stop-loss orders and monitoring market conditions can help mitigate the risk of liquidation. Additionally, understanding the mechanics of liquidation and its implications is essential for navigating the complexities of crypto trading and protecting one's investment capital.
#TRB gave a pin precise entry after tapping into the support and did near about 2.3x in profits. Already said, this gonna me highly risk/ rewarding move. If you're still on it book major partials, and trail the stops.
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Here's the Analysis of #BLZ :
#BLZ is been rejected strong and moving lower from the resistance trendline. Currently, there's no key level nearby, only the major support zone area of $0.285 - $0.290. Better to wait for the pattern break and look for the opportunities on the breakout.
The Euphoria phase (NUPL>0.5) has lasted 7 months in this bull market. Corrections are common, offering insights into investor sentiment. We've analyzed two conditions:
1. Relative Unrealized Profit 🟢 > 0.5, indicating widespread gains.
2. Relative Unrealized Loss 🔴 > 0.01, showing significant pressure on investors during corrections.
As illustrated in the charts below, such correction events are common in all bull markets. Since reaching the ATH at $73.1k, this pattern has occurred in three separate retracements to the ~$60k zone.
#BTC tapped in and perfectly reversed from the support. Well, market is still not clear but chart shows a market structure shift in price. So, expecting the price to reach out the other end which is at resistance area $64,800 - $65,000.
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In this bull market, US Spot ETF momentum has notably impacted price action, as seen through the Net Unrealized Profit & Loss (NUPL) metric. NUPL measures net paper profits (or losses) normalized by market cap.
When NUPL exceeds 0.5, it signals the Euphoria phase of a bull market. In the current cycle, NUPL surpassed 0.5 about 6.5 months before the halving, compared to 8.5 months in the 2020-21 cycle. This shift underscores the ETF's role in accelerating price action by introducing significant demand into the market.
#BTC.D again made a flip to the upside, and we already got some signals that market could fall again. Well, Index is very choppy at the moment and bounced from the trendline made its way to the upside. Its better to wait for it to flip again.
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Here's the Analysis of #ALT :
#ALT broken the major level around $0.349 - $0.360, which will work as the major resistance area. Market is again look bearish at the moment, so price expected to reach the support around $0.29 - $0.30, where buys can be take along with the market conditions.
#GAL bounced form the support zone around 8% in profits but due to market conditions, price dipped ack to the zone and now approaching towards the trendline. A bounce is expected through the zone, and in case previous positions are still opened, use stops below previous swing low.`
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Notice of Removal of Spot Trading Pairs - 2024-05-10
https://www.binance.com/en/support/announcement/04be5fb46fe84e2eadc01fbc2c445cfa
Confirming our Euphoria zone status, we prepare for corrections. We identify the dominant market side during pullbacks using the Realized Loss breakdown metric. Short-term holders emerge as notably influential presently, meaning, Realized Loss breakdown metric (denominated in USD) to identify that short-term holders (recent buyers) are displaying a marked dominance at the moment.
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#BTC made a strong dump and moving very correctively now. Weekly Candle closed bearish with a close below support too. Expecting, a dip back to the support around $59,600 area. Currently, nothing much up-to the the market rather going for a correction.
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Here's the Analysis of #C98 :
#C98 is been falling off from the Strong Support Area around $0.26, where closing is still pending. Well, market is also unstable, to a drop is expected, but incase it gave a close above the a push is expected towards resistance area of $0.30 - $0.31 which is 15% trading range.
#DXY UPDATE :
#DXY made a good retest back to the zone and still hovering over there itself. Price made few more test back to the zone and showing some sort of consolidation. Monday Market Open will more chances of #DXY pushing higher, which will tighten up the market a bit. Plan the alts trades accordingly, and a close below will be always good the crypto market.
#ETH UPDATE :
#ETH still moving inside the falling wedge pattern but its moving closer to the apex point. Price still moving back and forth between the zones and currently, reaching the support. Anticipating a false break below for testing the supporting trendline and a decent push.
We can see a Tiny bit of liquidation sitting at $61,600 and major one at $63.800
You know the next move now :)
#BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF, moved from the support and minorly broke the market structure. Currently, price made a deep retest back to the support and hit the support too. The week was bit slower than the expected, so next week might come up with strong moves, as price siting at a crucial support zone.
What Are Repair Miners?
Repair miners are a proposed type of mining node within the Filecoin network. They are distinct from two other types of miners: storage miners and retrieval miners. Note that repair miners are a feature of the Filecoin network that has not yet been implemented.
Filecoin’s developers have defined repair nodes as a type of node that facilitates “network self-healing.” To understand this, we can consider the structure of Filecoin, a decentralized system for data storage, and some aspects of the network’s operations.
In the Filecoin network, data is stored in sectors, which are each of a fixed size. Storage miners fill these sectors with data that is stored on behalf of their clients, who contract the storage miners’ services for a particular period of time. These contracts between storage miners and their clients are referred to as deals. Repair miners are envisioned as a third actor that could ultimately intercede in the case of an unreliable storage miner and help address the risks posed by this.
#GOLD Analysis :
#GOLD is been riding up with the Symmetrical Pattern Break and hits the Strong Resistance Area of $2,358 - $2,363. Well, if price gives a flip above the resistance then it will open up room for the next leg up there at resistance around $2,400. Rejection must come with in Daily TF, so looks bearishness in price.
Here's the Analysis of #WLD :
#WLD is been rejected hard from the Strong Resistance Area of $6.37 - $6.42 and missed from the a key level of support around $5.12 - $5.17. Price strongly looks bearish at the moment, its better tot wait for the price to tap into the support zone for potential buys or buy continuation will come after the market structure shift.
What's is #NUPL (Net Unrealized Profit/Loss) ?
NUPL (Net Unrealized Profit/Loss) looks at the difference between Unrealized Profit and Unrealized Loss to determine whether the network as a whole is currently in a state of profit or loss. Net Unrealized Profit and Loss (#NUPL) is the difference between market cap and realized cap divided by market cap.
Assuming that the latest #coin movement is the result of a purchase, #NUPL indicates the total amount of profit/loss in all the coins represented as a ratio.
It could be interpreted as the #ratio of investors who are in profit.
To make it Simpler for you, Any Values over '0' indicate investors are in #profit and an increasing trend in value means more #investors are beginning to be in #profit.
This phase indicates the increasing reason to take #profit which leads to an increase in sell pressure.
#BTC going perfectly as planned, price made a dip down towards the support zone of $61,100 level and rejected very precisely too. Now, expected a good retracement from here and even a breakout to the upside. Plan your trades accordingly with the movement.
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If we inspect the breakdown of this metric by wallet sizes, we can complete a more detailed assessment. Here we see a distinct uptick in net outflows 🟥 across all cohorts throughout April, suggesting a consistent sell-side pressure across the board.
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Nothing much happened in #BTC and still moving in a small range. Price still made a lower low and expected a dip to $61,130 and lower. Its mid week now and you can expect some movement by the weekend as there might be a fundamental plays.
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Here's the Analysis of #SAGA :
#SAGA is been recently listed project on Binance, now having it correction. Price found out a support around $2.98 - $3.09 , where a potential bounce is expected. Wait for a strong sign for buys till the next resistance area of $4.44 - $4.60.