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What Is Quasar Smart Contract?
Quasar Smart Contract is the solution to one of the biggest challenges faced by layer-2 blockchain projects; it takes around 14 days to move the asset to layer 1 from layer 2.
OMG Network uses its Plasma layer-2 scaling solution to get past the issue of layer-2 blockchain scalability. It enhanced its Plasma solution to transform it into Quasar.
Every layer-2 blockchain that uses fraud proofs faces the ‘exit period challenge.’ OMG Network also faces the problem, but its Quasar Smart Contract approach enables ‘fast exit.’
The Need for Layer-2 Solutions
Chains can generally have two of the three properties: scalability, decentralization, and security. Scalability is inversely proportional to decentralization for a given level of security. As a result, trade-offs must be made in a blockchain. High transaction fees and extended waiting times are a problem on Ethereum, the most popular blockchain. Some projects aim to alleviate this fundamental difficulty by processing transactions on a second layer. Plasma is one of five different actors in the umbrella of layer-2 solutions.
Multiple copies of the main chain run alongside each other in plasma. These subsidiary chains handle thousands of transactions before bundling them and sending them back to the parent chain as a single transaction. A child chain is a non-custodial, trustless chain in which users own their funds. They may thus go to the most recent accurate snapshots of the plasma chain to recover their tokens if there are any mistakes or exploits.
Plasma layers have a high throughput of over 1,000 transactions per second at a fraction of the cost of traditional technologies. There is no need that a trade must be made with a set number of known companies or persons; there is always room for flexibility. Plasma solutions are only suited for transactions and swaps and do not completely enable smart contracts. Polygon and OMG Network are two projects that utilize plasma layers.
#MATIC broke the pattern tot h downside and did a retest too. well, right now, overall, market is retracing and might give an another leg lower. A buys/ accumulation below $0.65 till the support area around $0.59 looks good.
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#BTC did down breaking the support area and price sustaining below the zone. Price did a retest and it a worrying situation, that another leg can go lower, which will come up with a blood bath in the market. Don't do anything this week or until market switches the direction.
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What Is a Public-Key Infrastructure?
Public-key infrastructure is a framework that includes tools for creating public keys for encryption, which ensures that information transferred on the internet is secure.
All modern web browsers have PKI inbuilt in them that aids the security of web traffic of users on the network. Many organizations use it to secure internal communications and often it is also used to ensure that connected devices are safe.
The PKI technology is also associated with cryptographic keys that encrypt and serve authenticated users and devices in the digital environment. To verify that a specific key belongs to a user or device, the PKI involves one more trusted party to certify the authentication through digital signs. The key then works as the digital identity of the user on the network.
Most computers and web browsers trust many certificate authorities by default.
The foundation of public key infrastructure is digital signature technology, which employs public-key cryptography to create each entity's secret key which is only known to that entity and is used for signing. In addition to a user or device, it could be a program, process, manufacturer, component, or something else that can be linked to a key that serves as the identity of an entity.
The public key, which is derived from a private one, is made accessible to the public and is commonly included in the certificate document.
A certificate authority is a trusted third party who signs the document that links the key to the device. Furthermore, it possesses a cryptographic key that is used to sign these documents. These are known as certificates.
PKI is important because it involves encryption and identity verification that enables trustworthy, secure online communication. For example, in a firm, PKI can verify an intruder trying to gain access to the network via a connected device which in turn helps to keep a dangerous threat at bay.
PKI operates by utilizing two main systems: certificates and keys. A key is a series of numbers that is used to encrypt data. The key formula is used to encrypt each element of a message. For instance, suppose a plaintext message, "Cool," is encrypted with a key, say "323vjhqwhdj." Our message "Cool" has been encrypted with this key, and it now reads "X5xJCSycg14=", which appears to be random garbage data. If someone obtains this key, they will receive what appears to be a meaningless message and decrypt it.
The public key is freely available to anyone and is used to encrypt messages sent to you. After receiving the message, you use a private key to decrypt it. A complex mathematical calculation is used to connect the keys. Even though the private and public keys are linked, this complex calculation facilitates the link. As a result, determining the private key using information from the public key is exceptionally hard.
Certificates verify the person or device you want to communicate with. When the proper certificate is associated with a device, it is considered valid. The authenticity of the certificate can be verified using a system that identifies whether it is genuine or not.
#ALT made a another 9-10% move with from there support but due to market conditions price broke below the support and moving lower with he retest. The next support is at $$0.29 - $0.30. Anticipating the next bounce from there.
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What Is Proof-of-Immutability (PoIM)?
Proof-of-Immutability (PoIM) represents a distinct blockchain system that employs an advanced hash-based strategy for storing blockchain metadata in a remote hash vault. In a PoIM-powered blockchain network, the utmost data privacy standards are maintained, as ledger-appended data isn't duplicated and distributed across network nodes; instead, a hash pointer devoid of traceable metadata is utilized. This methodology further enables a blockchain to scale and achieve high throughput without compromising its decentralized essence.
The PoIM system grants participants of the blockchain network the ability to scrutinize each other's data integrity (by demonstrating its immutability) at any given time, without intruding on the privacy of the scrutinized party's data. Initially, this mechanism for proving immutability may seem redundant, as immutability is commonly regarded as an inherent attribute of all blockchains. However, it's worth noting that while blockchain, as a distributed ledger technology, inherently boasts a higher level of immutability compared to centralized database systems, the extent of immutability varies among different blockchains based on factors such as consensus mechanism and network size.
For instance, permissioned/private blockchain networks, typically smaller in size, are more susceptible to manipulation. PoIM introduces a mechanism that enables participants to verify whether the chain has been tampered with or if a record has been altered, all without accessing the database directly. Additionally, as real-world adoption gains momentum, an auditing mechanism for validating information integrity within the blockchain ledger becomes instrumental in bolstering the legal recognition of blockchain data and smart contracts.
#ALT made a good move from the support zone around 13.6% in profits. Price retraces back to zone as bounced as zone is major area of support. Still, anticipating the move from here, but hodl the stops tight and market is bit of ranging.
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#MATIC Analysis :
#MATIC is been forming a triangle pattern, and is been rejecting off from the major flip area of $0.59. Currently, price floating below the major resistance area of $0.72 - $0.73. We need to see a strong breakout candle over the resistance to take buys. Sells are low probable until the pattern breaks.
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 )
A ton liquidation resting below $57,000 mark...
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There was more than $400M+ Liquidation happened with the past market dump...
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Here's the Analysis of #TRB :
#TRB falling hard due to market dump, and reached out the key level of $43.11 - $44.39 and now a retracement is expected to the structural resistance at $49.00 - $49.70. Right now, market is strong unstable and #FOMC is coming up with and strong moves might occur, so prepare for the movement and wait for the clear direction.
The Halving event generates speculation about its effect on prices, but historical trends may not reliably predict future outcomes. Bitcoin's price performance in past halving epochs has varied, and comparing earlier epochs to the present may not yield meaningful insights due to differences in market conditions. We've observed diminishing returns and shallower drawdowns over time, reflecting market maturation and increased capital requirements.
🔴 Epoch 2 Price Performance: +5315% with a max drawdown of -85%
🔵 Epoch 3 Price Performance: +1336% with a max drawdown of -83%
🟢 Epoch 4 Price Performance: +569% with a max drawdown of -77%
#BTC continues to drop lower and strongly bounced from the support zone as drawn. Its a major key too, so a reaction is already expected too. Currently, the Market Structure is bearish too, so nothing as of now, NY open coming up with a news event, so eyes on that and more in this week.
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Here's the Analysis of #ORDI :
#ORDI is been trending lower with the market dumping conditions breaking the structural support zone of $39.44 - $40.76. Price is expected to continue dip down to next support around $24.0 - $25.0. Buys would be risky here but averaging out will be better here. Wait for the price to reach our the support or build a new one.
With the block subsidy halving every 210,000 blocks, the inflation rate is also halved roughly every 4 years. This puts the new annualized inflation rate of the Bitcoin supply at a value of 0.85%, down from 1.7% in the prior epoch.
The fourth halving also marks a significant milestone in the comparison of Bitcoin to Gold as for the first time in history, Bitcoin’s steady-state issuance rate (0.83%) becomes lower than Gold (~2.3%), marking a historic handover in the title of scarcest asset.
#BTC retraces a bit and now nearly tested the resistance zone and Tomorrow we have some strong news, by which market will react a lot. Currently, price doesn't seems to been clear and we might see some draw in liquidity before that. Wait for the clear PA before executing.
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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.