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What Is Proof-of-History (PoH)?
Deployed by Solana, Proof of History (PoH) is a method of incorporating time itself into the blockchain, attempting to reduce the load on network nodes while processing blocks. In a traditional blockchain, gaining consensus on the time a block was mined is just as important as getting consensus on the transactions in that block. Because timestamping informs the network (and any observer) that transactions occurred in a specific order, it is crucial.
The successful block miner in a Proof of Work (PoW) scenario is the first to determine the proper nonce, which takes a given amount of computer power. Proof of History (PoH), on the other hand, employs Verifiable Delay Functions (VDFs). Only a single CPU core can solve a VDF by performing a certain set of consecutive steps. Because no parallel processing is permitted, it is simple to determine how long each step will take.
Proof of History (PoH) overcomes the time barrier, making blockchain lighter and quicker by reducing the processing weight. Solana combines Proof of History (PoH) with Tower Byzantine Fault Tolerance (Tower BFT), a security system that allows users to stake tokens to vote on the validity of a PoH hash.
Benefits
Low Fee: Solana offers cheaper transaction fees in comparison to other networks, such as Ethereum. As a consequence, Solana is an excellent choice for frequent transactions and money transfers.
Scalability: Transactions on the Solana network are quick. As a result, the whole picture gains scalability.
Drawbacks
-> Solana presently employs less than 1,200 validators to validate transactions on its network.
-> Solana is sometimes referred to as an Ethereum killer however there are fewer dApps on the network in comparison. On Solana, around 350 dApps have been developed, but on Ethereum, over 3,000 dApps have been built.
Potential Issues with Proof of History (PoH)
Proof of History is a consensus mechanism based on Proof of Stake, but with a different method of calculating time. Historical events are now used to determine the passage of time. These events are transformed into a hash, which can only be generated by previous events. The hash cannot be forged in any way.
Solana is the only blockchain that employs the Proof of History algorithm. Therefore, the blockchain is incredibly scalable, capable of processing up to 60,000 transactions per second. PoH guarantees that determining the timing of a transaction takes less time.
Proof of History, on the other hand, has a number of flaws. For example, this method has never been put to the test on a wide scale, so we don't know if it actually works flawlessly. Furthermore, various vulnerabilities and attacks in Solana have been discovered in the past, some of which were caused in part by Proof of History. As a result, we're not sure if Proof of History is a safe consensus mechanism yet.
Entering the Fourth Epoch, 19,687,500 BTC has been mined and issued, equivalent to 93.75% of the terminal supply of 21M BTC. Thus there remains only 1,312,500 BTC to issued over the next 126 years, with 656,600 (3.125%) being issued across our current Epoch. Interestingly, each halving represents a point where:
The percent of supply remaining equals the new block subsidy (3.125 BTC/block vs 3.125% remaining).
50% of the remaining supply (1.3125M BTC) will be mined between the fourth and fifth halving.
Scarcity will Come slowly but surely
#BTC dig down with the Weekly candle close and stuck in the range continues. Price now expected to test the support zone of $61,300 and we have to strong news this week. So, the draw in liquidity is expected and news might come up with a reversal. If you're open up any trades in Spot or Futures, then try to reduce SL or Trail SL.
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#BOND/USDT BUY/LONG CALL
Lying above strong support. RSI is showing a bullish divergence. EMA'S are acting as solid support. Stochastic is giving a buying signal. Expecting a big upward move from here.
Targets: $3.29 - 4 - 5 - 6
Stop if 1D closes below $2.4
BUY/LONG #BOND on Binance
Entry : current price
Link : https://www.binance.com/en/futures/BONDUSDT
Leverage : 10x-20x | Targets : 100%-300%
Every 210,000 blocks (roughly a 4 year time period), a pre-determined reduction in issuance occurs, reducing the newly minted BTC coins by 50%. The fourth Bitcoin Halving took place over the weekend, seeing the block subsidy decline from 6.25BTC to 3.125BTC per block, or an approximate issuance of 450 BTC per day (for 144 blocks mined).
With every Halving, we can see some strong bullrun, so you know in longer vision what comes next.
#DXY UPDATE :
#DXY is been rising with the market conditions and rejected from the resistance area too. Index, made a flip above the zone and on the verge to a retest now. Market will start dip again, if it bounces. So, eye on #DXY movement and observe the market conditions too.
Here's the Analysis of #ALT :
#ALT is been in a accumulation phrase between the major support zone of $0.349 - $0.360 and Major Resistance Around $0.44 - $0.45. Well, coins looks strong and lying on a support and expecting a strong bounce from here. Manage it accordingly as Market looks a bit corrective, so take it accordingly.
By this #STH/Total Realized Loss Ratio, we can see that this condition has lasted for between 6.5 and 13.5 months until the bear market sets in. The current market has only entered this condition for around 1-month so far.
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#BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF, turned market structure and saw a bit of up move too. Price is on a retracement mode from the last week and still dipping. Well, this might go deep back to $61,000 or a lit lower. Next week, we'll can expected some aggressive movement with the news and all, so hodl the alts strong.
During the last two bull markets, the aggregate share of < 6-month-old wealth reached between 84% and 95%, indicating a saturation of newer holders. This metric has increased dramatically since early 2023, rising from 20% on 1-Jan-2023 to 47% today.
This suggests that the capital held within the Bitcoin holder base is roughly balanced between long-term holders and new demand.
Still market is same as yesterday, #BTC did make a dip back due to the fundamental news. Price currently, retesting zone as resistance and stuck in-between, so not expecting much this week and weekend. By next week we'll see some aggressive moves as heavy volatile news popping up.
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Despite significant profit-taking by existing holders, the magnitude of pullbacks remains historically small. Compared to previous ATH breaks, the current Euphoria phase is relatively young. Past phases have experienced numerous drawdowns exceeding -10%, with many surpassing 25%. However, the current market has only seen two corrections of around 10% or more since breaking the ATH.
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#BTC.D UPDATE :
#BTC.D going with the corrective move by which few alts jump with that, but #BTC was keep on consolidating or dumping, so majority failed to rise. Currently, Index in moving within the falling wedge pattern, and a bounce will lead in strong bleed in altcoins. We need to see a close below of the candle in Daily TF.
Here's the Analysis of #OM :
#OM is been consolidating over the support zone of $0.64 - $0.66. Price broke the downtrend resistance line, which showing a bit of buy side hint. A breakout to the upside is needed to make it more clear, and a minor buys here looks good. There's might be some manipulative move to the down side so ready for that too.
Trust Wallet Removed from Play-store temporarily
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Here's the Analysis of #EOS :
#EOS is been rejected from the support area and around $0.63 - $0.64 and rejected for a major resistance area of $0.88 - $0.90. Now, a minor retracement are expected back to $0.77 and lower for potential buys, but a high probable buys will come above the major resistance area only so play it accordingly.
#BOND/BTC BUY/LONG CALL
Lying above strong support. EMA'S are also acting as a support. MACD crossover is showing bullish momentum. It will pump hard from here 🚀
Targets: 5140 - 5900 - 6800 - 8000 satoshi
Stop if 1D closes below 4200 satoshi
#BOND back to accumulation phase after monster rally🚀
Time to buy and hold this for moonshot 🚀
What is Mining Pools
#Mining is integral to the security of Proof of Work blockchains. By computing hashes with certain properties, participants are able to secure #cryptocurrency networks without the need for a central authority.
You could be running several high-powered ASICs, and you’d still be just a drop in the #Bitcoin mining ocean. The chances of you actually #mining a block are pretty slim, even though you’ve spent a lot of money on your hardware and the electricity required to run it. You don’t have a guarantee on when you’ll get paid with a block reward, or even if you’ll get paid at all. If consistent revenue is what you’re after, you’ll have much greater luck in a mining pool.
Let’s say that you and nine other participants own 0.1% of the network’s total hashing power each. That means that, on average, you would expect to find one in every thousand blocks. With an estimated 144 blocks mined a day, you’d probably find one block a week. Depending on your cash flow and investment into hardware and electricity, this “solo mining” approach could be a feasible strategy.
What if, if you power is not enough to be profitable? so, However, what if this revenue won’t be enough to turn a profit? Well, you could join forces with the other nine participants we mentioned. If all of you combine your hashing power, you’d have 1% of the network’s hash rate. This means you’d find one in every hundred blocks on average, which works out at one to two blocks a day. Then, you could just split up the reward and share it amongst all the involved #miners.
Get ready to skyrocket your profits!🚀
Today we’re going to share long awaited Binance futures and spot call💵
The chart looks extremely bullish and ready for breakout, this one will surely join top gainers gang today📈
Tune in today at 4pm GMT for our exclusive announcement of the next top trading opportunity on Binance Futures and Spot 💎
📅 Exchange: BINANCE
📈 Pair: USDT (Futures/Spot)
🗓 Date: Today, 28th April
🕒 Time: 4 PM GMT
🎯 Target: 100%~300% ( Recommended 10x-20x Levrage )
#BITCOIN WEEKLY TF UPDATE :
#BITCOIN this week, going with indecision and consolidating between the zone. Price rejecting from the resistance and nearly from the support too. We can already see some strong wickings, expected the push from next week. The week comes with some Highly Volatile News Event so eye on it.
What Is Proof-of-Developer (PoD)?
Proof-of-developer (#PoD) is a process that seeks to connect a blockchain project with its real developer or developers. The process prevents fraudsters from taking over a project, especially the funding, without delivering the final product to investors. Proof-of-developer is common with cryptocurrency-based projects.
#PoD started in 2014 when crypto investors suffered losses emanating from pumps and dumps. These are scenarios in the digital currency space where a coin’s developers or malicious investors artificially inflate the prices. When their holdings attract a good ROI, they “dump” or sell them, causing the price to tank and resulting in other investors incurring losses.
Proof-of-developer was launched at a time when initial coin offerings (ICOs) were gaining momentum. Some #ICO issuers were only out to defraud unsuspecting investors. #PoD enables investors to look beyond the glittering #ROI values and see whether an ICO project has, in fact, living and real developers.
Additionally, proof-of-developer assists in unearthing individuals who are simply copy-pasting other crypto codes and marketing them as their own original projects with the intention of attracting investments.
The #PoD mechanism stores developers’ names, countries of origin, individual social media handles and personal email addresses. Moreover, the process involves verifying the details and ascertaining the developers’ education level and GitHub page.
#ENA goes well with the buy condition and moved around 25% in profits. Currently, price correcting with the market conditions and reached the support zone around $0.77 and buys again might work too. Again its a High Risk and market is not stable at this point.
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Here's the Analysis of #BNX :
#BNX is moving strongly bullish at the moment and given a shallow break of the resistance area. There's no clear resistance looking left, so push might continue. Right now, nothing looks good and need to see further price action to develop and take the shot, a retest would be great.
#US30 UPDATE :
#US30 made some clear move down with the LTF breaks, and taps in into $37,700 - $37,800. Price strongly, rejected from the zone and expected to hit the resistance again. Break will also come with some sort of news confluence too.
Here's the Analysis of #WLD :
#WLD is been fluctuating with the market movement, and bouncing off from the strong support area of $4.60 - $4.66. Price facing strong resistance at $5.12 - $5.18, and strong ranging between these zone. Need to get a clear breakout for any sort of trades to be taken. Take a setup only at the retest of the level.
#US30 Analysis :
#US30 is been moved aggressively with the correction and reacted from the resistance area of 38,500 - 38,550. Market Structure is strong bearish, so expected a fall from here, and you can plan your bias with that and enter in LTF. In case Price, flips above the resistance then buys looks good till 39,100.
#BTC goes well with the anticipation, as move was too corrective and dumped strongly and broke the support area too. Now, again the bearish scenario kick in as i already said, directional bias to not clear, so wait for the clear indication.
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What Is a Proof of Attendance Protocol (POAP)?
Proof of Attendance Protocol (POAP) refers to a business offering to use the ERC-721 NFT protocol on Ethereum to ascribe individuals a unique, non-fungible blockchain-based identifier that only the person can access. POAP addresses the problem of identifying people rather than transactions or value, and it uses the blockchain that underpins digital assets and non-fungible tokens.
POAP provides event participants with a way to verify their attendance through collecting digital badges where they live on-chain. The badges are all unique, meaning that the only way to claim them is to receive them at the event. Each badge is visually unique and non-replicable, meaning it doubles as an NFT and can be traded as NFTs on exchanges. One of its key values is that it provides irrefutable proof that an individual had been to an event or studied at a certain place. For instance, proving to your future employers that you studied at Harvard or having a track record of highly successful work in your profession means that people are more likely to trust and value your expertise in the field.
POAP has two categories of users: event organizers and collectors. Event organizers can create events and make and distribute POAP badges to attendees. At the same time, collectors can bookmark moments in their lives or demonstrate their attendance to others with custom, unique NFT badges.