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What is (#PoRep) Proof of Replication ?
Proofs of Replication (#PoRep) is a type of consensus #mechanism used in blockchain technology to ensure the integrity of #data storage on a #decentralized network. It is a #cryptographic proof that a certain amount of data is being stored by a node or miner in a distributed storage network.
The basic idea behind #PoRep is to challenge a miner to prove that they have replicated a certain #amount of data, without actually revealing what that data is. The #miner is given a challenge that requires them to use the data they claim to have replicated in a #computation, and the result of that computation is used as proof that the data exists and has not been #tampered with.
#PoRep is often used in combination with Proof of Space and Proof of Time to form a more secure and efficient consensus mechanism. It is used in several blockchain networks, including #Filecoin and Chia Network.
#MATIC is been dropped back to the strong support zone of $0.943 - $0.951 and build-up a support area. Price trending strongly bearish, so expected a break below of the zone for short-sells
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Notice of Removal of Trading Pairs - 2023-05-04
https://www.binance.com/en/support/announcement/821d520d23f04be8a6b4ec692fdfd9e0
What is #PoST (Proof of Space Time) ?
#Proof of Spacetime is a consensus mechanism in blockchain technology that combines the concepts of Proof of Space and Proof of Time. In this mechanism, the ability of a participant to contribute storage space over time to the network is used to determine the #probability of that participant being chosen to validate a new block on the chain.
In Proof of Spacetime, participants allocate storage space to the network and prove the duration of their #storage commitment by periodically submitting proofs that they are still storing the #allocated space. This mechanism is designed to be energy-efficient and more resistant to #centralization than other consensus mechanisms.
One example of a #cryptocurrency that uses Proof of Spacetime is #Filecoin, which allows users to rent out unused hard drive space to others on the network in exchange for #Filecoin tokens. #Filecoin uses another concept of Proof of Replication (#PoRep), which will be explained in next post.
#TOTAL2 UPDATE :
#TOTAL2 is been slides down over the strong support zone of $608B - $616B and kinda rejecting the level. Already we can see altcoins is been ranging these weeks with the #BTC aggressive move. Index is sustaining below it, so we can anticipate, short-tern bearish move in alts, only if, the zone breaks as we're on support area.
#BTC gave a breakout of the consolidation range and reached the structural resistance area. Price rejected sharply over the zone and now given minor close below of the support around $28,550 - $28,700. If next candle sustains below this, we have clean move down till $27,800 - $27,870 support zone
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What is #PoT (Proof of Time) ?
Proof of Time (#PoT) is a consensus algorithm used in some #cryptocurrencies to validate transactions and add new blocks to the #blockchain. It is a type of proof-of-resource #consensus mechanism, uses time as the resource instead of #computing power or stake.
In #PoT, participants must show that they have waited for a certain #amount of time before they can participate in the consensus process. This waiting period ensures that participants have invested real time and resources into the network, and helps to prevent #attacks such as double-spending or #blockchain reorganizations.
To participate in the consensus process, participants must first wait for a certain amount of time, which can vary depending on the #cryptocurrency and the network's #configuration. Once the waiting period has #elapsed, participants can then validate transactions and earn block #rewards by providing valid proofs of their participation in the consensus #process.
#TOTAL MARKETCAP UPDATE :
#TOTAL Market-cap gave breakout below the major support zone and kinda retesting it. Earlier, there a breakout looks like a fake-out now. The area is about $1.15T - $1.98T to look for rejection, which will cause a drop till support zone around $1T and flip above again, will make a healthy push in altcoins and over crypto market.
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Here's the analysis of #MATIC :
#MATIC is been kinda ranging in a consolidation area between the major resistance area around $1.025 - $1.029 and strong support zone of $0.943 - $0.951 . Well, nothing pretty much clear, better wait for a breakout of the major areas for buys and in case price rejects it, we can take it as short opportunity.
The #US government currently possesses 205,514 #BTC, valued at $6 billion, which includes assets acquired from the #Bitfinex hack and #Silk Road. As a result, they have become one of the biggest #Bitcoin holders globally.
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#BTC did retraced a bit but not to that extent as volume as pretty much low after these highly volatile moves. On the hourly TF, candles are just making a messy move, so wait for the break of the $29,850 resistance or $28,700 support area.
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What is #Funding Rates ?
#Funding Rates refer to the fees that are paid between #traders on perpetual #futures contracts. Perpetual futures contracts are a type of #derivative contract that allows traders to bet on the future price of an #asset without actually owning it.
Funding Rates are used to maintain the price of a #perpetual futures contract to the price of the underlying asset. These fees are typically paid between #buyers and #sellers of the contract and are used to ensure that the price of the #contract stays close to the actual price of the underlying asset.
The Funding Rate is calculated every fixed period (usually every eight #hours) and is paid by traders who are on the opposite side of the contract. For example, if the Funding Rate is #positive, long positions (buyers) will pay short positions (sellers). Conversely, if the Funding Rate is #negative, short positions (sellers) will pay long positions (buyers).
The Funding Rate is determined by the difference between the current price of the perpetual futures contract and the price of the underlying pair, as well as by the current market #demand for the contract. When there is a high demand for #long positions, the Funding Rate may be positive, and when there is a high demand for #short positions, the Funding Rate may be negative.
Funding Rates are important for traders to consider, as they can have an impact on the #profitability of their trades. A high Funding Rate can eat into profits for traders who #hold their positions for an extended period, while a low Funding Rate may be an #opportunity for traders to profit.
The #Funding Rate has returned to around 0 (0.003%), and the open #interest has also decreased, and there is currently no significant increase. Be careful with any open positions or opening any fresh positions.
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#BTC continues the push as anticipating and getting a bit of rejection from the structural resistance area. Short-term down move is expected till $27,560 - $27,700. Overall, bullish moves is expected by this weekend till $30,300
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#HOOK continues to float down and even further and made a new lower low. You can close all the position as trade running Nearly 21% in profits. Anticipating further down moves from here 📉
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#BTC did what we anticipated, price gave a minor close below, which eventually failed to hodl and move all the down till support zone as mentioned. Again, #Bitcoin is trying to hodl above this support have to look after it. Wait for the price to either form a Daily support or a break below will lead it further dump.
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Here's the analysis of #JASMY :
#JASMY is kinda a messy moves here, not looking good to go. The support is around $0.00429 - $0.00459 and Resistance is at $0.00819 - $0.00833. Minor support & resistance area is around $0.00560 and $0.00728 respectively. It's a no trading zone, break of minor support will open the gates for sells till lower support.
#Bitcoin Long-Term Holder Supply is pushing to new #ATHs every day, after a long consolidation 📊
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#APT rejected the area and reached the strong support zone, its was a small scalp opportunity be take. Currently, price made a bullish candle over the support zone indicating tha buyers are taking control. Potentially, we'll continue to range for an another lap. Take tit accordingly.
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Here's the Analysis of #APT :
#APT is kinda ranging between the strong support zone of $9.764 - $9.961 and resistance around $10.72 - $10.87. Price is on the verge to break the resistance, and if broken then there's a clean room for buys to go. Otherwise, we can Reject from here back to support zone.
The price surge of #Bitcoin has resulted in the stability of Bitcoin supply held per Whale at around 5,350 #BTC per #Whale. However, the Market Cap percentage owned by the #Whale cohort is decreasing, despite the stability in the supply held.
On this, we can say, #Bitcoin Supply per Whale has remained stable, However, the percentage of the total market cap owned by #Bitcoin whales has been declining, indicating that smaller #investors may be buying.
Quick Market Update :
#BTC is pretty much ranging as of now, direction is no pretty much clear in midterm. On the other hands, majority altcoins showing same movement of either Consolidation or fakeout over it. Its better to wait for a breakout to happen, for further entries 📈📉
#BTC didn't made any change as volume of low. Price started consolidating in a range, in the middle of the zones. Well, we've long enough ranges, price breaks either side. Price on Daily TF, still above 50 EMA, which can be considered as overall structure is bullish.
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What Is Data Tokenization and its importance ?
Data tokenization is the process of converting sensitive data, such as credit card information or #health data, into tokens that can be transferred, stored, and processed without exposing the original data. #Tokenization, on the other hand, is the process of replacing sensitive data with non-sensitive, #unique identifiers called #tokens. It doesn’t rely on a secret key to protect the data. For example, a #credit card number may be replaced with a token that has no relation to the original number but can still be used to process #transactions.
These tokens are usually #unique, unchangeable, and can be verified on the blockchain to enhance data #security, privacy, and compliance. For example, a credit card number can be tokenized into a random string of digits that can be used for payment verification without revealing the actual #card number.
Benefits of Data Tokenization
Enhanced data security —> By replacing sensitive #data with tokens, data tokenization reduces the risk of data breaches, #identity theft, fraud, and other #cyberattacks.
Compliance with regulations —> Many industries are subject to strict data protection #regulations. Tokenization can help #organizations meet these requirements by securing sensitive information and providing a solution that can reduce the chances of non-compliance.
Secure data sharing—> #Tokenization could enable secure data sharing across departments, vendors, and partners by only providing access to the tokens without revealing #sensitive information.
#ICX tapped the area of support, which is our final TP area and rejected it sharply. That was the another buy opportunity, which we missed. If you took it thats great and right now, price is ranging here, so wait for a breakout now.
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Here's the analysis of #ARB :
#ARB moving in a Consolidation range between thr support area around $1.274 - $1.300 and Resistance around $1.46 - $1.48. Price might continue to move through this until #BTC plays either side. You can do range trading or wait for a breakout for potential longs or shorts
#BTC.D (#Bitcoin Dominance) is been rejected hard from the major resistance area of 45.65% - 48.85% and build-up an support at 47%. Currently, index testing the major level again and a break above will start the dump in alts, if #BTC sustains above the $28,000. Rejection will cause the short-term alts rally in the market 📈.
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With prices hitting a strong rejection from $30,000, over $36M was #liquidated within an hour as there was a significant drop in value, which makes it 2nd largest #Liquidation in 2023.
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Here's the analysis of #ATOM :
#ATOM is been bouncing off the support zone around $10.59 - $10.76 and gave a fakeout below it. Price is tending to move to the upside and a resistance area with a resistance line confluence. Its will be a risky buy ls here, so use low risk. Alternatively, wait for a breakout either side.