Blockchain Applications and Nodes
We know that most blockchains consist of nodes and miners. My question is; what kind of blockchain applications use nodes? Would they benefit from having more nodes? How? submitted by /u/treehauz [link] [comments]
We know that most blockchains consist of nodes and miners. My question is; what kind of blockchain applications use nodes? Would they benefit from having more nodes? How? submitted by /u/treehauz [link] [comments]
“Crypto is just another technology, it’s a matter of how is it being used. It can be used for good or for bad. From where we sit, we see massive opportunities,” says the director of the UNICC.
I should not focus on the patterns, i cannot predict the future, only speculate. Focus on changing trend and it`s pace, entry is easy, I should master the getaway. A win is a win, if I got 1% yield for a day then that`s good. I should focus on protecting my asset and let the…
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submitted by /u/To_be_honest_wit_ya [link] [comments]
Data shows Bitcoin long-term holders have realized a significant amount of losses recently, a sign that the final capitulation before the bottom may be here. Bitcoin Long-Term Holder SOPR Shows Average of 27% Losses Being Realized This Week According to the latest weekly report from Glassnode, BTC long-term holders seem to have harvested some losses this week. The “spent output profit ratio” (or the SOPR in short) is an indicator that tells us whether Bitcoin investors are selling at a profit or a loss right now. The metric works by looking at the on-chain history of each coin being sold to see what price it last moved at. If this price was less than the current one, then the coin has been sold at a profit. On the other hand, the last selling price being more than the latest would imply the sale of the coin has realized a loss. When Bitcoin SOPR values are greater than one, it means coins moving right now are, on average, selling at a profit. Related Reading | Bitcoin On-Chain Data Signals A Long Squeeze Brewing In Futures Market While the value of the indicator being less than one suggests the overall market is selling at a loss at the moment. Naturally, the ratio being exactly equal to 1 signifies that investors are breaking even on average. Now, here is a chart that shows the trend in the Bitcoin SOPR for long-term holders, a cohort that holds their coins for at least 155 days before selling. Looks like the 7-day average value of the metric has sunk recently | Source: Glassnode’s The Weekly Update – Week 22, 2022 As you can see in the above graph, the Bitcoin long-term holder SOPR has been observing a negative value during this past week. The current value of the indicator suggests that each LTH coin spent in the last seven days has realized an average of 27% loss. Related Reading | Billionaire Tim Draper On What Will Trigger The Next Bitcoin Bull Market The report notes that in the history of the coin, similar values of the metric have only been observed during the final capitulation lows of bear markets. This may suggest that the current Bitcoin market could also be nearing a bottom. However, both during 2015 and 2018, the LTH SOPR dipped even deeper and the price corrected further before the low was reached. BTC Price At the time of writing, Bitcoin’s price floats around $31.7k, up 9% in the last seven days. Over the past month, the crypto has lost 18% in value. The below chart shows the trend in the price of the coin over the last five days. The value of Bitcoin seems to have shot up over the past couple of days | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, Glassnode.com
The committee of central banks and regulators has proposed a “conservative prudential treatment” of crypto assets that banking groups say is prohibitive.
It’s been a rough year for DeFi, and it may not get any better until projects focus more on security, regulation and usability.
While bitcoin has lost more than 16% in value against the U.S. dollar during the past 30 days, the cryptocurrency’s market capitalization is still the world’s tenth-largest asset by market valuation. With $603 billion in market value, bitcoin is above Meta’s (formally Facebook) capitalization and just below Berkshire Hathaway’s overall valuation. Despite Losing Over 16% […]
We’re now in an era where information and data of all types can be sent to each other freely and easily but not value. When was the last time anyone was able to sell or lend their latest album or game to their mates? When everything was physical and you owned it. In the digital…
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Ethereum is making progress towards its transition from a Proof-of-Work (PoW) consensus to a Proof-of-Stake consensus algorithm. In an event dubbed as “The Merge”, the current network and its decentralized application will begin operating on the latter. Related Reading | Analyst Hints Huge Chances For Ethereum Killers To Surge, Sides With Solana And AVAX Core ETH Developer Tim Beiko recently announced the successful roll-out of a Beacon Chain, or a mainnet PoS network, for its longest-lived PoW testnet “Ropsten”. This will aid developers in launching “The Merge” on this test network. The event is set for June 8th. If successful, Ethereum and its developers could be steadily moving to a mainnet Merge event at some point in the coming months. The Ropsten Beacon Chain must meet certain requirements before operating on a PoS consensus, as Beiko clarified: For The Merge to happen, we now need two things on Ropsten. First, its beacon chain must activate the Bellatrix upgrade, scheduled for June 2. Then, a PoW total difficulty value, the Terminal Total Difficulty (TTD) will be chosen to trigger the transition. In that sense, Beiko asked node validators to prepare for the upcoming PoS transition. This could be one of the largest “The Merge” milestones in recent months and could provide validators with experience about “what a post-merge node is like”. Beacon Chain node validators will need to fulfill requirements to stay active on The Post Merge network, such as running execution clients. PoW node validators will need to run a consensus layer client. Beiko added the following on what could be a glimpse of an Ethereum mainnet post “The Merge”: Post-merge, validators receive the priority fees from transactions 💸 This happens on the execution layer, so those fees aren’t locked on the beacon chain. To get them, you need to set a “fee recipient” address upon starting your validator. What Could Change On Ethereum With The Merge This testnet will have no direct implications for Ethereum holders or users. However, ETH Ropsten miners will stop operating under the new consensus layer. Once the mainnet completes its Merge event, ETH miners will be unable to continue operating with this cryptocurrency. This could potentially induce a short-term shock to the crypto space. ETH is one of the most popular cryptocurrencies, and one of the best to mine. The Merge is probably the most hyped event in this cryptocurrency’s history. This combination of ingredients, a sudden shift in the system, and a highly anticipated event could contribute to the creation of volatility around “The Merge”. In the long term, the PoS migration could be a bullish catalyzer for the price of ETH. Related Reading | TA: Ethereum Tests $2K, Why ETH Could Extend Rally At the time of writing, ETH’s price trades at $1,900 with a 3% profit in the last 24-hours. The cryptocurrency has been lagging as Bitcoin takes over the market due to an increase in uncertainty in the macro-environment.