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CFXN Token investing is a great way to get in on the ground floor of what could be one of the next big cryptocurrencies. While there is risk associated with any investment, CFXN has a strong team behind it with a proven track record. If you're interested in getting involved, now is the time to do so before the price goes up even more.
QuickBooks Point of Sale is a software programme that helps small business owners keep track of their sales and inventory. Business owners can use the programme to track product sales and instantly see how much inventory they have left. The programme is designed to replace the traditional cash register and works in conjunction with other QuickBooks accounting software. The programme is designed to make inventory management much easier; once inventory is entered into the programme, all changes automatically update inventory status.
1. Launch QuickBooks Point of Sale and choose "New Item" from the "Inventory" tab on the main menu. Enter the information you want to include for each individual item you're adding to your inventory. Specify the department to which the item belongs, the item's name, and any other relevant information about it, such as colour, size, brand name, and so on. You can also upload an image for the item.
2.
Indicate how many of the item you currently have in stock. Once you've entered the quantity, the programme will automatically update whenever you sell an item. QuickBooks Point of Sale also allows you to set a reordering reminder when the quantity falls below a certain threshold.
3. Fill in all of the information for the item's price and the order cost for yourself. The item price will be applied to sales of the item, and the order cost will assist you in keeping track of profit and loss each time you need to replenish the item's inventory. After adding each item, remember to save the information. If you do not save the data, you will lose everything you have entered.
4. Continue to add information about each inventory item. Once you've entered all of the product information you want to include, go to the "Inventory" tab and select "Item List." This will allow you to see all of the items in your inventory and make changes as needed.
5. Select "Reports" from the main menu's "Reports" tab, and then "Items." You will be able to review inventory reports as a result of this. Choose the report you want to look at and click "View Report." By selecting "Modify Reports," you can also change the reporting dates you want to see.
CFXN Token is an ERC-20 token built on the Ethereum blockchain, which means itâs based on the âEthereum standard.â This makes it compatible with any wallet or exchange supporting tokens of this type.
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People love to sell valuable assets for a good price when they learn about NFTs (nonfungible tokens). Individuals, celebrities, companies, artists and others all prefer the NFT marketplace to directly trade their digital assets. NFT marketplaces are popular because it is easy to get ownership and rights for NFT trading. NFT facilitates users by offering them an in-depth assessment of the asset's history.
Many people spend billions of dollars without even thinking about it. So why not make more money from this? To learn more about building an NFT market place on Ethereum, you can also read the following write-up.
These are some of the many benefits that Ethereum offers. Find out what advantages you will get by building an NFT marketplace on Ethereum.
Ethereum's decentralized design makes it easier to distribute data and makes it more reliable. This eliminates the need for network users to depend on one authority to manage the system, and all transactions.
To develop NFT on Ethereum, you will need permission from ConsenSys Quorum, an open-source protocol layer. This allows the solutions to be approved by the regulators and secures them.
It is not necessary to build a blockchain execution entirely from scratch. Firms have the ability to install and manage the exchange, as well as its mining and storage on Ethereum.
Private consortia, which are secure transaction layers that allow companies to obtain privacy on the Ethereum platform, can be created by companies. ConsenSys Quorum doesn't allow any participant to access personal data. The private data is encrypted and only shared with the person who requests it.
Firms prefer the Ethereum network because it can work with multiple nodes and can handle large numbers of users.
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Recent data reveals that the Smart Contract associated with "Ethereum 2.0" continues to add more support, surpassing the 11 million ETH deposited as collateral. The figure could suggest that the number of people interested in backing the new version of the Smart Contract network has grown.
Ethereum 2.0 was the name given to the Ethereum upgrade that would see the network abandon its current proof-of-work (PoW) consensus mechanism for a proof-of-stake (PoS) one. The Contract for participation (staking), launched in late 2020, was the first step toward this evolution.
The Ethereum Foundation recently renamed the update to "Consensus layer," abandoning the name Ethereum 2.0 or ETH 2.0. While, in general terms, the community seems to refer to this phase arbitrarily and, in many cases, goes by the last name, it is worth noting that ultimately, once the network moves to PoS, it will continue to be called just "Ethereum."
Data published by the block explorer Etherscan.io also reveals 11,107,700 ETH deposited there, with an estimated value of more than $38.122 million based on the current exchange rate.
Let's consider that each validator interested in backing the network must deposit at least 32 ETH (about $108,000 at current prices). A simple division yields an estimated 344,000 addresses that would be actively participating in the new system for block processing.
The Smart Contract represents the starting point for version 2.0 of the network. Ethereum validators who sent funds for the specified amount will participate in the validation of the new blocks issued once this phase is activated.
Let's keep in mind that the development of Ethereum 2.0 continues its path progressively, so various teams are working to make it possible as soon as it is available. The transition to the new version of the network will take place after the arrival of The Merge, a key point at which it would change the paradigm for block processing. The mechanism will implement the Proof-of-Stake (PoS) method instead of the already known Proof-of-Work (PoW), the system it has operated since its inception.
It is worth noting that this new mining system would leave the rewards mainly for those who serve as network validators under this dynamic, reducing the issuance of new ETH directly. Users also expect that the price of Ethereum will go higher.
Expectation about what the Ethereum update will offer is quite hot amid the competition in the ecosystem, among many other projects. Some will try to displace the most popular Smart Contract network by addressing problems mainly associated with scalability and transaction cost.
These include projects such as Avalanche (AVAX), Solana (SOL), Cardano (ADA), and Polkadot (DOT), whose operational proposals have already caught the attention of many developers and enthusiasts. The expectation here is to attract initiatives within the Decentralized Finance (DeFi) and the Non Fungible token (NFT) space, which currently capitalize on large volumes of operations.
However, the arrival of the final PoS version of Ethereum has no estimated date yet, so we, as users, can only look forwards to seeing how the dev teams work towards their objectives.
As of March 2022, Ethereum remains a layer one blockchain under a proof-of-work consensus mechanism. Due to the rise and accelerated growth of decentralized applications (Dapps) in the decentralized finance (DeFi) and the Non Fungible Tokens (NFT) space. It has a limit of 13 transactions per second, pushing transaction fees into the hundreds of dollars per transaction and out of reach for retail users.
While Ethereum is still trying to address its congestion problem with the long-awaited transition from proof-of-work to proof-of-stake (The Merge) and fragmentation, developers released many Layer 2 scaling solutions. This article tries to make sense of the most prominent Layer 2 solutions.
Layer 2 networks enable scalability, higher transaction throughput of the Ethereum blockchain. At the same time, they maintain the integrity of the Layer 1 blockchain, allowing for greater decentralization, transparency and security while reducing carbon footprint, less power consumption, which equals a more affordable, faster, and convenient user experience.
There are three main categories of Layer 2 scaling solutions available for the Ethereum network:
Sidechains (Sidechains/parallel chains).
State Channels.
Rollups, Optimistic Rollups and ZK Rollups.
A sidechain is a separate blockchain that runs independently and parallels the main Ethereum network. Sidechains can forge valid blocks(e.g., proof of authority, delegated proof of stake, Byzantine fault tolerance).
Sidechains connect to the Ethereum mainnet via a bi-directional bridge. They are EVM-compliant, meaning that if you want to use your DAPP on a sidechain, it's just a matter of implementing Smart Contract code on the sidechain. The leading Layer 2 Sidechain solution for Ethereum is Polygon.
Bridge: https://wallet.polygon.technology/bridge
Polygon, formerly known as Matic Network, is both a sidechain and a sister chain to Ethereum. Jayanti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic created Polygon in 2017. American billionaire entrepreneur Mark Cuban invested an undisclosed amount in the Mumbai-based Indian cryptocurrency platform.
The parallel chains use the same key pairs as the main Ethereum blockchain. The owner's address on Ethereum can also access any number of sister chains. Other sister chains include XDAI and Optimism. People use Polygon's native token ($MATIC) to pay gas, participation, and governance fees. Polygon uses a Proof of Stake consensus algorithm and has the potential to handle up to 65,000 transactions per second. Transaction fees range from $0.001 to $0.1.
As of January 2022, Polygon reached a milestone of 7,000 Dapps and the most transactions it got in a single day was 9,177,310 transactions on Wednesday, June 16, 2021. According to DeFi Llama, at the time of this publication, the total value locked (TVL) of Polygon is $4.07 billion. The top DeFi apps are AAVE ($AAVE), which currently holds 30.59% of the TVL, followed by Quickswap ($QUICK) and Curve ($CRV).
State channels allow participants to perform multiple transactions apart from the base chain while sending only two transactions on Ethereum's Layer 1 blockchain.
State channels require a part of the blockchain state to be blocked by a multiple-signature (MultiSig) or a Smart Contract, so all participants must agree to update the state. Participants build and sign transactions with each other off-chain. The mechanism keeps congestion low on the chain and allows quick validation between transactions.
Then, the final state is signed and sent back to the blockchain, closing the state channel and unlocking the state once all participants have reached a final agreement. The leading solution for Layer 2 scaling of state channels for Ethereum is Celer.
Bridge: https://cbridge.celer.network/
The Celer Network is a full-stack platform. It supports dApps such as gaming, online auctions, insurance, prediction markets, and decentralized exchanges. Mo Dong (Ph.D. UIUC) in San Francisco, California, and three other PhDs from MIT, Princeton, and UC Berkeley funded the Celer Network.
Developers launched its main alpha network on July 7, 2019. Its utility token is called $CELR. The network organizes in layers:
cChannel (state channel network similar to Bitcoin's Lightning Network),
cRoute (the payment routing module),
cOS (development framework).
Using Celer off the base chain helps developers create, operate, and use highly adaptable Dapps. Celer's LTV is $443.93 million.
With Rollups, transaction execution takes place outside Layer 1. The data gets published to Layer 1, once achieved a consensus. As the system includes transaction data Layer 1 blocks, Ethereum's native security protects the rolled-up information.
Rollup technology can help scale the current transaction limits at layer one from 10 to 45 TPS, depending on the type of transaction and its complexity, to between 1000 to 4000 TPS and more if the space for data sent is acceptable by layer 1 is increased.
Rollups offer a promising path to greater scalability once Ethereum has transitioned to Proof of Stake and other pending upgrades, such as sharding, providing transaction capacity of up to 100,000 transactions per second. Two different security models define two different types of accumulations: Optimistic Rollups and ZK Rollups.
Optimistic rollups send batches of transactions to Ethereum. They are "optimistic" because they assume that transactions are valid by default. In the event of a transaction dispute, it uses the concept of proof of fraud to reverse transactions if necessary.
Optimistic rollups run parallel to the Ethereum chain at layer 2. They can offer scalability improvements because they do not perform any computation by default. Instead, they propose the new state to the main network after a transaction. An advantage of optimistic rollups is that they can execute smart contracts, whereas ZK cumulative packages are mainly limited to simple transactions.
Optimistic cumulative packages can offer up to 100x improvements in scalability, and 99% of layer 1 dApps can be reused and deployed without alterations.
A significant disadvantage of optimistic accumulations is the long time users have to wait to safely withdraw funds to Layer 1, in some cases up to a week. Still, some projects have found solutions to speed up this process. The best optimistic Layer 2 scaling solution for Ethereum is Optimism.
Bridge: https://gateway.optimism.io/welcome
Optimism is an optimistic rollup-based layer 2 scalability solution for Ethereum that can support all Ethereum dApps. Instead of running computations and data storage on the Ethereum network, Optimism puts all transaction data on-chain and its computations off-chain, increasing Ethereum's transactions per second and reducing costs in transaction fees. Optimism does not have a token.
Benjamin Jones and Kevin Ho in New York, NY. created the optimism mechanism. They launched their mainnet (mainnet) on December 16, 2021. According to DeFi Llama, the network's total stored value (TVL) rounds $385.66 million.
Optimism can provide between 200 to 2000 transactions per second. It also allows network participants to take part in an auction for the ordering of transactions. These actors are named "sequencers" and "verifiers." Sequencers are nodes responsible for executing transactions at layer 2 and sending the transaction data and new state existing at layer 2 back to Ethereum layer 1. Verifiers are nodes responsible for testing frauds. Verifiers do this by comparing the new root state with the state sent by a sequencer.
Both sequencers and verifiers run L2gEth, a modified version of gEth, the most popular implementation of the Ethereum protocol, written in the goLang programming language.
Zero-knowledge rollups execute the off-chain computation and send a proof of validity to the layer 1 chain, accumulating hundreds of off-chain transfers and building a cryptographic proof. These proofs can come as a SNARK (non-interactive succinct knowledge argument) [PDF] or a STARK (scalable transparent knowledge argument) [PDF].
The SNARKs and STARKs are proofs of validity consensus algorithms and get published in Ethereum's layer 1. There is a ZK-rollup Smart Contract to maintain the state of all transfers in ZK Rollup layer 2. You can only update the state with proof of validity. No transaction data is needed, only the proof, making block validation faster and cheaper, as the process uses fewer data.
Zero-knowledge rollups, unlike optimistic rollups, do not assume that all participants are acting in good faith but rely on evidence to ensure that this is indeed the case. ZK-Rollups are computationally heavier than Optimistic Rollups, making the hardware requirements for ZK-Rollup computers more demanding.
The mechanism constantly checks the state, so ZK-Rollups do not have long periods to fall back to Layer 1, and users can enjoy instant liquidity. However, ZK-Rollups also have some drawbacks. Given the complexity of testing, it is more challenging to create zk-Rollups compatible Virtual Machines, making it difficult to launch and scale dApps without rewriting them. The best ZK-Rollup Layer 2 type scaling solution for Ethereum is Loopring.
Loopring ($LRC / $1.38 billion market cap).
Bridge: https://loopring.io/#/layer2
Loopring is a decentralized token exchange protocol. Loopring operates as a public set of Smart Contracts responsible for trading and settlement, with a group of off-chain actors aggregating and communicating orders. Daniel Wang and Jay Zhou founded Loopring in Shanghai, China. Daniel Wang worked at Internet companies such as Google and JD.com.
Loopring ($LRC) launched in 2017, and Loopring's decentralized exchange went live in February 2021. Loopring's LTV is $364.21 million. Loopring has a high throughput of approximately 2000 transactions per second and guarantees the same level of security as the Ethereum blockchain. It makes use of zk-Rollups. Loopring is blockchain independent, and you can integrate any Smart Contract blockchain into it.
Loopring's decentralized exchange runs on its native utility token ($LRC), which is used for governance, incentivizing good behavior, and paying transaction fees on Loopring's decentralized exchange. 80% of transaction fees go to liquidity providers, and the system splits the remaining amount between insurers and the Loopring DAO.
The number of Ethereum's ETH tokens managed by crypto exchanges fell to its lowest level since last September, reflecting investors' intention to hold their tokens in the hope of an ETH price rebound throughout 2022.
Recently, nearly 550,000 ETH worth approximately $1.61 billion has exited centralized exchanges this year, according to data provided by Glassnode. The massive outflow of ETH has decreased the exchanges' net balance to 21.72 million Ethereum units. An amount below its record high of 31.68 million ETH in June 2020.
As IntoTheBlock data shows, more than 30% of all ETH withdrawals from exchanges witnessed in 2022 occurred earlier this week. In detail, more than 180,000 ETH left cryptocurrency exchanges on March 15. The figure made the ETH outflows to just over $500 million by March 18 in just a week.
Likewise, Chainalysis data showed similar readings. The average amount of Ether tokens leaving the exchanges this week was 120,000 ETH per day, indicating a clear bullish signal.
"Assets held on exchanges increase if market participants are more interested in selling than buying assets," Chainalysis
IntoTheBlock provided a similar bullish forecast to Chainalysis. By citing market behavior in October 2021, when Ethereum's price rose 15% ten days after the Ethereum network detected massive withdrawals of ETH from centralized cryptocurrency exchanges.
The increase in daily Ethereum withdrawals from exchanges averaged 150,000 ETH this week. A significant amount moved to the "stETH liquid staking" pools on the Lido platform.
Lido is a non-custodial staking service that allows users to overcome the difficulties associated with staking on Ethereum 2.0 Beacon Chain. Ethereum staking requires at least 32 ETH. Lido tries to solve the capital efficiency problem by issuing a tokenized version of the staked ETH known as "stETH."
According to Etherscan data, more than 1 million ETH were added to the Ethereum 2.0 contract in the last 30 days as the protocol prepares to completely switch to the new "Proof of Stake (PoS)" algorithm later this year.
Optimism surrounding Ethereum's switch to Proof of Stake (PoS) has led Ether to enter a rebound mode this week. The price of ETH rose more than 17% during the week to position itself at nearly $3,000.
IntoTheBlock noted that users deposited around 190,000 ETH in the last week for staking on the Ethereum 2.0 network (the next Ethereum network upgrade) using the Lido platform. The Ethereum 2.0 staking contract, or staking contract, currently has more than 10,000,000 ETH staked on it. That accumulates to more than $29 billion in wagered value on the ETH 2.0 network.
You cannot ignore Ethereum's gains in the current crypto market situation. Each of the top 10 cryptocurrencies in the market, plus Terra, have seen their share price rise by at least 5% this week. Particularly after the Federal Reserve announced a 25-point interest rate hike on Wednesday. Bitcoin, in particular, has risen by 8%. However, BTC also suffered an outflow from exchanges of 39,000 BTC on Friday, amounting to around $1.6 billion.
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In Short
The role of validators is central in the new version of the network.
ETH deposits from new validators lead to new records in this contract.
As Ethereum transits its way to its new version, some important milestones are being reached that lead to it taking hold. Last Sunday, February 27, the number of validators reached 300,000, its all-time high, and deposited funds already exceeded 9.6 million ethers (ETH).
According to statistics reflected on the Beaconcha.in site, the number of current Ethereum 2.0 validators is 300,500. The 300,000 validator milestone was reached less than 24 hours ago when writing this article.
Since its launch in December 2020, Beacon Chain (the first shard of 64 that the new blockchain will have) has already had 21,000 validators. By December 2021, that number was already at 270,000; this equates to a 1,100% growth in one year. Two months later, it grew another 10% to over 300,000.
Far from being just a number, this figure indicates the Ethereum network is growing and becoming more secure. Validators are in charge of confirming new blocks in the so-called consensus layer, i.e., Ethereum 2.0. Their role is fundamental to the functioning of this consensus algorithm, called Proof of Stake (PoS).
The new version of this blockchain will no longer work with miners like the current one but will rely on validators who must have at least 32 ETH in staking (equivalent to $85,000) to confirm new blocks.
While this increase in the number of validators is noteworthy for the network, it is also important that other conditions, such as decentralization, are met. Recently, some sites saw high centralization in Ethereum 2.0 due to many stake pools using the same client, Prysm, for their nodes. Coinbase, one of the pools with the most validators, dismissed this alert and assured that it further diversifies the clients it works with.
Just as the number of validators grew, so too have the ethers deposited in the new consensus layer smart contract reached an all-time high. There was more than 9,646,000 ETH deposited in it, according to etherscan.io, representing 8.15% of the total stock of the cryptocurrency in circulation.
Users added 170,528 ETH to this Smart Contract in the last ten days. From the chart below, the number is three times higher than that recorded on the same day (February 28) in 2021.
Of course, such a milestone directly relates to the rise in the number of validators. As detailed, each must have 32 ETH to validate new blocks on the chain, so both figures are directly related.
In Short
Migration of users to other blockchains may cause low fees on Ethereum.
A month ago, it came to pay almost five times more than now, on average, to use Ethereum.
Fees on the Ethereum network are at their lowest level, on average, in the last five months. When writing this article, the amount expressed in U.S. dollars is $13.9. Data from block explorers show a similar average of commissions not seen since last September.
Last January 10, Ethereum saw an average transaction size almost five times higher than today: $53. Unlike on other blockchains, Ethereum's fees are not only for sending money (i.e., transactions in the native ether currency) but also for interactions with Smart Contracts. The latter includes, for example, trading transactions on non-fungible token (NFT) marketplaces, movements on decentralized finance (DeFi), or shipments of ERC-20 tokens, e.g., tether (USDT), DAI, or Shiba Inu (SHIB), among others. Gas limits the amount of computation running in a Smart Contract. Gas expenditures are helpful when a poorly programmed code loops forever, for example, since the Ethereum Virtual Machine (EVM) uses programming languages that are Turing Complete, such as Solidity.
The average fee chart does not provide a definite cause for the drop in fees, but we can think that it is due to the migration of users to other blockchains. BSC, Solana, or Fantom have scraped some of the markets, usually in the hands of Ethereum.
Also, layer 2 solutions, such as Polygon sidechain, help decongest the network. Something similar happens with rollups, Ethereum's second layers, that bundle transactions and execute them outside the main network.
It would not be unusual that, in a few days, Ethereum fees will again increase significantly in value. If the low amounts of trade on the network attract massive users again, the network will become congested, and the cycle will repeat itself.
Ethereum remains the blockchain of choice for dApps and Smart Contracts. Despite the expensive and slow user experience that Ethereum's mainnet can offer in its current state, the blockchain created by Buterin nearly monopolizes the market for DeFi and decentralized applications according to the trading volume and total value locked (TVL).
The Block's metrics show that the value locked in Ethereum significantly outperforms its major competing blockchains - Terra, Binance Smart Chain, Avalanche, and Fantom, plus ten other smaller networks.
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Wow cardano #ADA crossed the 3 dollars barrier! Looks unstoppable at this stage. Most probably it has to do with the imminent release of mainnet and smart contracts later this month, but still wow! ðĪŊ
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Roadmap to #Vechain #VET PoA 2.0!
#VeFam #crypto #blockchain #cryptocurrency
#VeChain $VET is definitely destined for greatness and the value of this coin will appreciate multiples folds in the future (at least a dozen) no doubt about it. With their rock solid partnerships and real life use cases / applications it's really just a matter of time before its mass adoption by more nations like San Marino and more institutions like Walmart China and the likes. This beast of a blockchain project will awake again soon and soar like a bald eagle.
#VeChain $VET ecosystem. Who's here a #VET hodler / trader?
#crypto #cryptocurrency #supplychain #blockchain
After such a long consolidation #Cardano $ADA finally crosses the long awaited 2 dollars mark! ð ð Congrats to all #ADA hodlers! Your patience has well paid off! ðððŠðŧ
Non-fungible tokens have been on the market for a long time. They have become a buzzword when we talk about the blockchain. However, for many people, NFTs are very difficult to understand.
What are NFTs?
An NFT is a digital asset which represents a real world product, thing or cameo. Most people know NFTs which are associated with music, pieces of art, videos, minerals and real estate. Like cryptocurrencies NFTs are purchased and sold online. In other words NFTs are tokenized real world objects, physical features or snapshots of events.
What is the difference between NFTs and cryptocurrencies?
Basically, NFTS are created using the same kind of programming as cryptocurrency. Nonetheless, the two categories of digital assets are very different. Cryptocurrencies are fungible, meaning that units of the same cryptocurrencies are identical and people can interchange them. For example, two units of bitcoin are interchangeable.
In contrast, this is not the same with NFTs. A single NFT is completely unique; therefore, people cannot interchange them. Usually, each NFT shows ownership of an object such as a house, artwork or music.
Here are a few facts to help you understand what an NFT is:
Characteristics of NFTs
More importantly, the easiest way to understand NFTs is to study their characteristics.
Uniqueness: Two NFTs are completely unique or different. There can never be 2 or more NFTs which are identical. That is why people say that NFTs are rare digital assets.
Indivisible: We cannot divide NFTs as we do with cryptocurrencies. With cryptocurrencies we can send a fraction of a unit, such as 0.6 BTC. On the contrary people can only sell complete NFTs.
Ownership: An NFT represents an ownership of an object or snapshot of a moment.
Uses of NFTs
There are different types of NFTs, based on their functions.
Gaming: NFTs are used to show ownership of some in-game assets, such as weapons as well as fuel. If the game item you buy is tokenised, it means that you can recoup the money you used to purchase it, if you no longer need the tool.
Digital content: Artists can tokenise their work thereby showing ownership of it and act as intellectual property. For instance, musicians can tokenise their music or videos and protect them from copyright infringement.
Real estate: People can also tokenise their real estate such as houses and use the NFTs to prove ownership of the real world assets.
Conclusion
In a nutshell, NFTs are digital assets, like cryptocurrencies, which represent some physical objects or cameos. People can buy and sell NFTs, whose values can change from time to time.
Sad for the crypto space that a shitcoin like $DOGE with practically no use cases whatsoever makes it up the ladder to the top 5. #crypto should be all about blockchain powered tech companies taking pride of their fundamentals, real life applications and stellar partnerships. Very sad indeed. More like an insult to the crypto industry.
#Ethereum $ETH breaks past $3,000!
Why I feel #Vechain $VET will make enormous tsunamis ð rather than ordinary waves in the coming days / weeks:
1. PoA 2 mainnet
2. #Coinbase listing
3. #Vexchange
4. #DeFi
5. #NFT
6. More stellar partnerships.
Brace yourselves #VeFam, we haven't even started yet!
#crypto
#VeChain $VET has been one of the top performing coins every month since 1 year...
At this pace I feel we are getting to the 20 cents milestone within 2 days at best. Unless #Bitcoin $BTC goes down by few thousands bringing down #VET and the rest of the Altcoins with it. #VeFam
#VeChain $VET on fire ðĨ
Crossed the 15 cents and still going strong ðŠðŧ ð ð
#VeFam #bullrun #altseason #crypto
#Ripple $XRP has a nuke up its butt propelling it to new heights like daily!
#xrpthestandard #internetofvalue #xrp
#Ripple $XRP riding the unstoppable bull train! 1 dollar 25 cents wow... Just WOW! ðĪĐ ðŠðŧðð
#VeChain $VET hitting 11 cents! ðĪĐ ðŠðŧ ðĪŊ ð ð
I exited $XRP since the start of the #SEC lawsuit and now solely investing in #VeChain $VET. Not that I consider XRP a shitcoin but due to all the hassles it went through. But I'm very happy for XRP hodlers of course. 1 dollar! Wow! Their patience and resilience paid off BIG time! ðĪĐ ðŠðŧ
How glorious to see Ethereum ETH breaking the USD 2 k resistance. Long awaited by many of the hardcore fans of this awesome blockchain project.
Wow any news that is pushing Tron TRX up by around 45%?! ðŊ
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USDT and USDC.
USDT: is extremely liquid and consists the perfect intermediary coin for fast trading transactions and shorting. But could be risky for long term holds as it can suddenly drops and loses its per tether value.
USDC: is audited unlike USDT and is pegged to the US dollar USD, each USDC is pegged to one USD held in reserve making it more solvent and more trustworthy than USDT and more convenient for long term holds with very minimal risks.
Blockchain Project Observation: Polkadot Parachains Online Process Release, BitCherry Testnet Phase II Coming Soon
Since 2021, the blockchain field has accelerated into the era of ten thousand chain interconnection, and cross chain star projects such as Polkadot, Cosmos, aelf, BitCherry, etc. have also received extensive attention from the market. Among them, Polkadot, as a heterogeneous Multi Chain blockchain network, has taken cross chain as its main selling point since the birth of the project.
It seems that Polkadot has entered the stage of smooth operation, but according to the analysis of the technical personnel in the industry, there are some problems in the protocol design of Polka. In the Polka architecture, in order to reliably synchronize the state of the parachains to the core chain, every block generated by the whole node of the side chain needs to generate a corresponding validity proof block. All nodes of the core chain verify the validity proof block through the algorithm provided by the side chain developer. If the verification is passed, the side chain block related data is written into the core chain (equivalent to the state of the side chain is synchronized to the core chain). However, as the verifier can only verify one side chain at the same time, as time goes on, the same verifier will switch between different side chains. If Polka has many side chains, it means that there may be only a small number of verifiers in one side chain at the same time. If these verifiers happen to be bad people, they can conspire with the collector of the side chain to cheat on the execution of the side chain and synchronize the false data to the main chain. In this case, the security of the side chain will not be guaranteed.
Even if Polka set up the mechanism of "Bounty Hunter" and "Random Inspection". However, one of the biggest problems of this mechanism is that in order to set aside sufficient reporting time, it takes quite a long time from the side chain block submitting the core chain to the side chain block being linked by the core. In the Ethereum cross chain scheme mentioned in Polkadot's original white paper, it takes half an hour for Ethereum to step into the Polka, and one hour for Polka to step back to Ethereum. This means that it may take more than ten minutes or even an hour for a Polka side chain to send a cross chain message before it can be received and processed by the message receiver. In the cross-link time delay, Polka has some problems that cannot be ignored.
As the best means to realize the asset flow, information exchange and value interconnection between different blockchain platforms, cross chain technology is similar to the high-speed channel between different public chains. It can realize the data transmission between different blockchain networks and greatly reduce the transmission cost. The security, performance, and scalability of data on the chain need to be carefully considered. Recently, BitCherry, a blockchain project in the spotlight, has been rumored that its test network is about to enter the second stage. As a scalable blockchain infrastructure based on IPv8 technology, BitCherry splits the data according to the needs of different practical application scenarios and provides corresponding types of side chains according to different circulation contents. The main chain is only responsible for the consensus and transaction of the main token, while the number of side chains can increase with the increase of business volume and data, and the nodes of different sub chains handle their own business and according to the design of multi-layer systematic security assurance mechanism, to resist all kinds of attacks. However, BitCherry is still in the early stage of technology research and development, and its main network is not online yet. At present, there is no actual case in the market to verify the practical use of its technology concept.
Blockchain technology as an emerging technology, most projects are crossing the river by feeling the stone at present. It is not difficult to choose the development direction, but the difficult thing is to choose the right direction. The current cross chain projects have distinct technical characteristics, and their different characteristics will attract different demanders in the future. What we need to do now is to give more tolerance and confidence to technological innovation projects.
Today is the day of all time highs it seems. Here's #Ethereum $ETH shoots all the way up to USD 2,000! ðð What a huge milestone for #ETH hodlers. Congrats folks, well deserved ðŠðŧððŧ
Finally #Cardano $ADA gets to the 1 dollar mark ðĪŊ! Congrats #ADA hodlers, your patience paid off BIG time ðŠðŧðð
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