#How Optimism connects with Ethereum (ETH)

[empresa-journal]

Is Optimism (OP) worth $1.31?

Interest in Optimism (OP) is high. For example, both CoinGecko and CoinMarketCap gave OP a $1.31 on 21 September 2023. Optimism was CoinMarketCap’s 13th most trending cryptocurrency on 20 September 2023. Conversely, Optimism was CoinGecko’s seventh most trending cryptocurrency on the same day. Moreover, CoinGecko named Optimism the 42ndlargest cryptocurrency, while CoinMarketCap labeled OP the…

[blockchaingenius]

How Blockchain Technology Powers NFT Marketplace Development?

Non-fungible tokens (NFTs) are unique digital assets that represent ownership of virtual or physical items.

Unlike traditional cryptocurrencies, which are fungible, each NFT is unique and cannot be replicated or divided.

NFTs can represent various forms of digital content, such as artwork, collectibles, music, videos, and even real estate.

Blockchain technology is essential for powering NFTs and NFT marketplaces.

It functions as a decentralized, distributed digital ledger that securely and transparently records transactions. This creates a tamper-proof record of ownership and transaction history for each NFT, ensuring authenticity and provenance. Trusted NFT Marketplace Development solutions leverage blockchain to provide a reliable and secure platform, ensuring that every transaction and ownership record is verified and immutable, fostering trust and confidence among users.

The Benefits of Blockchain for NFT Marketplaces

Decentralization and Transparency

One of the key advantages of blockchain technology is its decentralized nature.

NFT marketplaces built on blockchain eliminate the need for a central authority or intermediary, allowing for direct peer-to-peer transactions. This ensures transparency, as all transactions are recorded on the public ledger, reducing the risk of fraud or manipulation.

Enhanced Security and Ownership

Blockchain's cryptographic encryption and consensus mechanisms ensure the security of NFT ownership and transactions.

Once an NFT is minted on the blockchain, its ownership is recorded immutably, preventing unauthorized duplication or modification. This provides a robust system for proving digital ownership and protecting the rights of creators and collectors.

Immutability and Provenance

The blockchain's immutable nature ensures that the ownership history and metadata of an NFT cannot be altered or tampered with. This allows for the establishment of a clear and verifiable provenance trail, which is crucial for maintaining the value and authenticity of digital assets in the NFT ecosystem.

Key Components of a Blockchain-Powered NFT Marketplace

Smart Contracts

Smart contracts are self-executing contracts with the terms of the agreement directly written into code on the blockchain.

In the context of NFT marketplaces, smart contracts facilitate the creation, transfer, and management of NFTs, as well as handle transactions and enforce predefined rules and conditions.

Cryptocurrency Integration

NFT marketplaces typically integrate cryptocurrencies as a means of payment for buying and selling NFTs.

Popular cryptocurrencies like Ethereum (ETH), Binance Coin (BNB), and Solana (SOL) are commonly used in NFT transactions, enabling seamless and secure peer-to-peer payments.

Wallet Connectivity

NFT marketplaces require users to connect their cryptocurrency wallets to interact with the platform. These wallets, such as MetaMask or Trust Wallet, store users' private keys and enable them to securely manage their digital assets, including NFTs and cryptocurrencies.

NFT Minting Process on the Blockchain

Preparing Digital Assets

The first step in minting NFTs is to prepare the digital assets, such as artwork, videos, or music files, that will be represented as NFTs. These assets need to be in a compatible format and properly optimized for on-chain storage or linked to off-chain storage solutions like IPFS or Arweave.

Deploying Smart Contracts

Before minting NFTs, smart contracts need to be deployed on the chosen blockchain platform. These contracts define the rules and standards for creating and managing NFTs, ensuring compatibility with the NFT marketplace and enabling various functionalities like royalties, secondary sales, and metadata storage.

Minting and Listing NFTs

Once the digital assets and smart contracts are ready, the minting process can begin. This involves uploading the assets to the blockchain, executing the smart contract functions, and paying the required gas fees (transaction fees). After minting, the NFTs can be listed on the NFT marketplace for sale or auction.

Blockchain Platforms for NFT Marketplace Development

Ethereum

Ethereum is the pioneering and most widely adopted blockchain platform for NFT marketplaces.

It supports the ERC-721 and ERC-1155 standards, which are widely used for creating and managing NFTs. Popular NFT marketplaces like OpenSea, Rarible, and SuperRare are built on the Ethereum blockchain.

Binance Smart Chain

Binance Smart Chain (BSC) is a blockchain developed by Binance, one of the largest cryptocurrency exchanges.

It offers faster transaction times and lower fees compared to Ethereum, making it an attractive option for NFT marketplaces. Several NFT platforms, such as BakerySwap and Binance NFT Marketplace, operate on the BSC network.

Solana

Solana is a high-performance blockchain known for its scalability and low transaction costs. It has gained traction in the NFT space due to its ability to handle high transaction volumes efficiently.

NFT marketplaces like Solanart and Solana Art have emerged on the Solana blockchain, catering to creators and collectors seeking a more cost-effective and faster NFT ecosystem.

Challenges and Considerations

Scalability and Transaction Fees

While blockchain technology offers numerous benefits for NFT marketplaces, scalability and transaction fees remain ongoing challenges.

As the demand for NFTs grows, blockchain networks may face congestion, leading to higher gas fees and slower transaction times, which can impact the user experience.

User Experience and Adoption

Despite the advantages of blockchain-powered NFT marketplaces, user adoption and ease of use are crucial considerations.

Interfaces and processes need to be intuitive and user-friendly to attract a wider audience beyond tech-savvy enthusiasts, fostering mainstream adoption of NFTs.

Regulatory Landscape

The regulatory landscape surrounding NFTs and blockchain technology is still evolving.

As NFTs gain popularity and mainstream adoption, governments and regulatory bodies may introduce new laws and guidelines to govern their creation, sale, and taxation, which could impact the operations of NFT marketplaces.

FAQs

What is the difference between fungible and non-fungible tokens?

Fungible tokens, like cryptocurrencies, are interchangeable and divisible, meaning one token is equivalent to another. Non-fungible tokens (NFTs), on the other hand, are unique and indivisible, representing ownership of a specific digital asset.

Why is blockchain important for NFT marketplaces?

Blockchain technology provides a decentralized, transparent, and secure infrastructure for NFT marketplaces. It ensures immutable ownership records, provenance tracking, and tamper-proof transactions, enhancing trust and authenticity in the NFT ecosystem.

Conclusion

Blockchain technology is the backbone of NFT marketplace development, providing a secure, transparent, and decentralized infrastructure for creating, managing, and trading unique digital assets. By leveraging the power of smart contracts, cryptocurrency integration, and immutable ownership records, blockchain-powered NFT marketplaces offer a robust ecosystem for creators, collectors, and investors alike.

However, addressing scalability, user experience, and regulatory challenges will be crucial for the continued growth and mainstream adoption of this innovative technology.

[ailtrahq]

It has been almost six weeks since the Ethereum Layer-2 (L2) scaling solution backed by Coinbase, Base, was launched. Its bridge had posted 2090 transactions, according to a media report and data sourced from DefiLlama. The data also revealed that Base’s transaction is more than those registered by the Ethereum—Arbitrum and one other zkEVM bridge, which had 1,642 and 860 transactions, respectively. However, at press time, Base bridge reached the eleventh place in most active as per the transaction count. Source: DefiLlama Additionally, the Stargate Bridge topped the chart ranked by the number of processed transactions. It must be noted that Stargate Bridge connects to multiple blockchains and L2 platforms including Solana and Avalanche. At press time, Stargate had processed over 16,000 transactions. Is Ethereum Base Showing Growth? According to a media outlet report, “the expansion in transaction count in the Ethereum to Base Bridge is quite remarkable. It pales compared to that processed by the zkSync Era Bridge.” The recent data also shows that the bridge, which only connects to Ethereum, had processed 29,970 transactions. It is over 14X that in the Ethereum to Base bridge. The growth to prominence of Base is noteworthy considering the timing of its launch and how it has to compete with other established Layer-2 networks, including Arbitrum and OP Mainnet, formerly Optimism. On the other hand, Ethereum still remains the most popular smart contract platform. Its native currency ETH is the second most valuable only after Bitcoin (BTC), but the base layer is struggling with scalability. At peak, the platform can only process almost 15 Transactions Per Second (TPS). Popularity of Ethereum L2 Solutions Forbes stated in its September 13, 2023 report that Ethereum may be killing the ‘Ethereum Killers’ with its L2 solutions incorporated into the Ethereum system over the last year and a half. The L2 blockchains like Base and Optimism were designed in a way that an Ethereum application can be duplicated and deployed to an L2 blockchain like Base. It makes it very easy for Decentralized Application (dApp) developers to launch on those blockchain platforms. There is a key issue with Ethereum alternatives like Polkadot and Solana and newer additions like Sui and Aptos. As they all “provide marginal improvements in terms of speed or have a different consensus mechanism for approving transactions.” Awa Sun Yin, Co-Founder of Anoma, an L1 blockchain, said that “L2’s make Ethereum applications cheaper for users, so it’s easy for developers to deploy what they have already built on Ethereum, and community-wise it lets them keep an anchor on Ethereum. It brings different options for developers to build applications that cannot be built on Ethereum.” Source

[dtoken]

Top 10 Crypto Airdrop Opportunities

The best opportunities to get free crypto today

Crypto airdrops provide a way for projects to attract new users by distributing tokens in exchange for customer activity and loyalty. To successfully take part in airdrops, you need to be there early and you need to know what requirements to meet in order to be eligible.

Did you miss out on retroactive airdrops where early users have been airdropped a ton of free tokens? Keep reading and below you will find a list of promising decentralized DeFi protocols and platforms that have either confirmed airdrops or have great potential for it.

DappRadar Airdrops

What you should know before airdrop hunting

The article below lists airdrops that have a varying degree of certainty of taking place. If there are any airdrops in this list that you want to take part in, go directly to the platforms, research what they’re doing and decide how likely you think it will be that an airdrop is forthcoming.

MetaMask

MetaMask is one of the leading Web3 wallets, used by millions of people to store, swap and stake their cryptocurrency. They’ve already confirmed the launch of a MetaMask token.

Rumors are spreading that using the MetaMask swap function prior to any potential snapshot will be enough to get airdrop access.These are just rumors though, with nothing being confirmed by the team.

Explore MetaMask Data

Arbitrum

Arbitrum is home to some of the hottest DeFi dapps such as Curve, Aave and Uniswap. It is a fast-growing Layer-2 network designed to scale Ethereum by processing over 200k transactions per day. The rumor going around is that Arbitrum will have an airdrop to active users.

To be in with a chance of rewards: transfer an amount of ETH between Layer-1 and Layer-2 using the Arbitrum bridge. Make transactions on dapps supported by Arbitrum, such as GMX. Join in the community conversation and find out what other are doing to improve their chances.

Explore Arbitrum Data

objkt

Objkt is the biggest NFT marketplace for the Tezos blockchain. Users can auction their digital items, as well as trade them in a more traditional way. The platform has hinted it will soon do an airdrop for loyal and active customers.

Visit the objkt marketplace and connect your wallet to the dapp. Make sure you have XTZ tokens in your wallet, which you can get from fiat on-ramp centralized exchanges. Start buying and selling NFTs in the marketplace so you’re well-placed in the event of an airdrop.

Explore objkt Data

Huobi

Huobi is a leading international asset financial services provider. It acts as one of the world’s largest centralized digital asset exchanges. And by meeting various different stipulations, you can enter different draws to win USDT, a dollar-pegged stablecoin.

Go to Huobi, complete KYC verification, and view the various airdrop deals that Huobi offers.

Live HUOBI Token Price

Vela Exchange

Vela Exchange is a DEX on Arbitrum. The open beta is now live, and in celebration of this, Vela is giving away tokens to active users.

It’s simple to take part: trade on the Vela Exchange, mint with USDC stablecoins and stake VELA tokens. Sit back and watch the rewards roll in.

Discover Vela Data

Optimism

Optimism is a leading Layer-2 scaling solution for Ethereum. And if you’ve used Optimism in the past, you may be eligible for the their airdrop, even if you’re not aware of it.

Go to the Optimism airdrop claim page and if you’ve used Optimism (before 25 March 2022), participated in DAO voting, been a multi-sig signer, a Gitcoin donor or engaged in token bridging, you may be in line for some rewards.

Discover Optimism Dapps

AlienSwap NFT Marketplace

AlienSwap is the first membership-based NFT marketplace built for the community, where all collectors and artists can trade. Their airdrop is for NFT traders of all types.

Anyone who has used AlienSwap, OpenSea, Blur, OKX NFT, LooksRare, X2Y2 or Gem can claim an ALIEN Mystery Box for free.

Explore AlienSwap Data

Neptune Mutal

Neptune Mutual is a blockchain cover protocol that safeguards the Ethereum community from cyber threats to contemporary financial products. It’s an insurance system that guarantees payouts once a specific set of parameters have been met.

The NPM token will launch soon, so there’s a good chance an airdrop will happen as well. Visit Neptual Mutual, connect your wallet, use the products and wait to see if there’s an upcoming airdrop.

Explore Neptune Mutual Data

Demex

Demex is a decentralized trading platform that supports advanced crypto derivatives. It enables the trading of sophisticated financial instruments such as futures, perpetuals and more.

If they launch a token in future, you’ll want to make sure you’re in the running for the airdrop. So ahead over to the Demex platform, connect your wallet, use the tools and keep an eye on any future announcements.

Explore Demex Data

WOOFI DEX on the Orderly Network

Orderly Network is a permissionless, decentralized exchange protocol and modular ecosystem built on top of the NEAR blockchain. WOOFI DEX is decentralizaed exchange that is a part of the ecosystem.

As a relatively successful DeFi ecosystem, it seems likely that Orderly will soon launch its own token. To be ready, go to the WOOFI DEX, make trades, then change to the testnet and trade using this.

[bitcofun]

Key Takeaways MetaMask appears to be approaching decentralization, which might recommend that an airdrop is on the horizon. Using MetaMask in various methods and connecting with ConsenSys-linked tasks might assist increase your opportunities of receiving the airdrop. Swapping tokens on MetaMask and utilizing the wallet's brand-new bridge are 2 activities that might result in an airdrop in the future. Crypto Briefing takes a look at the different actions MetaMask users can require to improve their possibilities of getting approved for the wallet's long-rumored token airdrop. MetaMask Token Incoming? MetaMask is the most popular Web3 wallet, and reports of a prospective token airdrop for active users have actually distributed in the crypto area for several years. ConsenSys creator and CEO Joe Lubin has actually hinted on numerous events that a token remains in the works, however the business has actually not yet shared complete information. Surprisingly, ConsenSys just recently released its MetaMask Grants DAO, an employee-led effort to grant financing to designers beyond ConsenSys dealing with broadening the MetaMask environment. The relocation might be a tip that the business is wanting to decentralize the task. ConsenSys struck a $7 billion appraisal with a $450 million Series D raise in March, which suggests it might possibly airdrop a good-looking amount to users. But because the wallet is broadly utilized by crypto locals of all stripes, receiving the airdrop might not be simple. Here are some actions MetaMask users can require to optimize their possibilities of getting the wallet's token once it's live. 1. Swap Tokens on MetaMask If you do not have a MetaMask wallet, you'll require to begin by producing one. To get going, download the internet browser extension or mobile app, develop a wallet, shop your seed expression in a safe location, and money your wallet with some ETH. Swapping tokens on MetaMask is simple. In the primary menu, simply click the blue Swap button beside the Buy and Send icons. Trade some ETH for any token of your picking, however ensure to keep adequate ETH in your wallet to pay deal costs. 2. Utilize the MetaMask Bridge MetaMask just recently introduced a bridge to let users move funds from one blockchain to another. Link your wallet to the MetaMask bridge, choose Ethereum as your very first network, pick another network to send out to (you can pick in between Polygon, Avalanche, and BNB Chain), then bridge over either ETH, MATIC, DAI, USDC, or USDT tokens. Again, ensure you currently have your 2nd network's native token in your location wallet to spend for gas costs. Otherwise, an easy option is to bridge MATIC from Ethereum to Polygon considering that MATIC is Polygon's native token. 3. Develop a Gnosis Safe Wallet ConsenSys and Gnosis Safe revealed a collaboration in February to increase wallet security, so MetaMask might reward Gnosis users. To begin utilizing the item, go to Gnosis Safe, link your wallet, and follow the actions to produce a multisig Safe wallet. You'll require to choose Ethereum as the network, call your brand-new wallet, supply a minimum of 2 addresses as the "owners" of the wallet (you can develop a brand-new MetaMask account and input that deal with together with the one you're currently utilizing), and pay a little deal charge. 4. Contribute through Gitcoin ConsenSys has close ties with Gitcoin, as it assisted the Ethereum-based contribution platform in its early days prior to it set out by itself in2021 Contributing to Gitcoin might for that reason increase the opportunities of getting approved for a MetaMask airdrop. To make a contribution, you'll require to produce a profile on GitHub, then go to the Gitcoin Grants page, link your MetaMask, choose a Grant job that you like, include it to your cart, go to take a look at, and select just how much you wish to contribute (and in which currency). We recommend contributing a minimum of $10 as any certification requirements might have a minimum contribution limitation to avoid airdrop farming.

5. Register for Infura ConsenSys obtained Infura in October2019 Infura is thought about among the world's leading blockchain facilities platforms and it likewise straight supports MetaMask. Infura is approaching decentralization and has actually introduced an early gain access to program for neighborhood members to assist. You can submit a kind on the business's site to register, though Infura is particularly searching for individuals with experience in blockchain facilities. You can likewise check out ConsenSys' Discord channel to find out about more methods to get included. Final Thoughts Airdrop searching is more art than science, and includes an aspect of luck. Even if you follow all of these actions, it is not ensured that you will have the ability to declare MetaMask tokens as soon as ConsenSys concerns them. Some airdrops like Bored Ape Yacht Club's APE token free gift were very rewarding. Others like Optimism's OP token circulation were questionable due to their stringent credentials requirements. Nevertheless, following the actions noted in this piece deserves the time and effort on the possibility they settle. Disclaimer: At the time of composing, the author of this piece owned BTC, ETH, and a number of other crypto properties. The details on or accessed through this site is acquired from independent sources our company believe to be precise and trustworthy, however Decentral Media, Inc. makes no representation or guarantee regarding the timeliness, efficiency, or precision of any details on or accessed through this site. Decentral Media, Inc. is not a financial investment consultant. We do not offer individualized financial investment guidance or other monetary suggestions. The info on this site goes through alter without notification. Some or all of the info on this site might end up being out-of-date, or it might be or end up being insufficient or unreliable. We may, however are not bound to, upgrade any out-of-date, insufficient, or incorrect info. You need to never ever make a financial investment choice on an ICO, IEO, or other financial investment based upon the details on this site, and you ought to never ever translate or otherwise depend on any of the info on this site as financial investment suggestions. We highly advise that you seek advice from a certified financial investment consultant or other competent monetary expert if you are looking for financial investment guidance on an ICO, IEO, or other financial investment. We do decline payment in any kind for examining or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or products. See complete conditions Aptos Airdrop Season Is Coming. Here's How You Can Profit In crypto, brand-new network launches are generally followed by airdrop seasons. These "seasons" are durations when all the brand-new jobs that have actually effectively developed applications on the network's testnet get ... Sei Network Unpacked: Testing the New Layer 1 Ahead of Its Token Airdr ... Sei Network is a DeFi-focused Layer 1 blockchain constructed on Cosmos. It will consist of fundamental primitives such as an order-matching engine and a merged liquidity design, making it possible for faster and much easier ... Which Ethereum Layer 2 Will Be Next to Airdrop a Token? Several Ethereum Layer 2 networks have actually hinted that they might introduce their own native tokens in the coming months, which would likely result in airdrops for early users. Sign Up With Crypto ... Read More

[mobappdevelopmentcompany]

Top 10 apps built using the Flutter Framework!

The Flutter framework, launched by Google in 2017, has gained a lot of traction in the developers’ community within a short period and has emerged as one of the best options for cross-platform app development. That happened due to the bestselling capabilities that Flutter comes with, which include:

Creating applications for various platforms with minimal code modification

Possessing reusable blocks of UI, and similar built-in widgets for creating complex applications

Wrapping a web view within a native application

Expedited development with hot-reloading feature

No reliance on OEM

Usage of Dart- an advanced, object-oriented language

Likewise, there are several other benefits that Flutter offers. So, numerous business brands across diverse domains have leveraged the goodies of Flutter app development services to craft ground-breaking app solutions.

This article enlists the top Flutter applications that have garnered unprecedented popularity. The following information would prove handy for all the would-be app creators.

Examples of Game-changing Flutter Apps across Diverse Domains

Advertising: Google Ads

This popular application, available on both- iOS and Android, is a necessary tool that helps businesses to manage their ad campaigns effectively. Entrepreneurs can create ad campaigns that allow them to market their services in a better way and expand their customer base without any hassles. Google Ads not only features an impressive design but also enables the users to obtain a host of information with just a few taps on their smartphones. Entrepreneurs using this app enjoy the following benefits:

Viewing their ad campaign statistics like the number of clicks, impressions, conversations, etc.

Receiving real-time alerts

Managing bids on campaigns

Finance Sector: Birch Finance and Cryptograph

Birch Finance deals with credit card rewards and assists users in managing and optimizing their existing cards. It guides the users to find the card that is best suited to them based on their spending pattern, helps them to track their expenditure across all accounts, and also provides various options for earning and redeeming rewards.

Cryptograph informs users about the most recent data and figures concerning 1,600+ cryptocurrencies, like Ethereum (ETH), Bitcoin (BTC), Ripple (XRP), Dogecoin, etc. Using this app, users can view the charts on Exchange rates, select as well as add coins to Favorites for easy tracking, and many more such functions.

Healthcare and Fitness: Coach Yourself and Watermaniac

Coach Yourself is a fitness, healthcare, and meditation app that focuses on the wellness and personal development of users. One of its unique selling points is that it helps users perform meditation to enhance mental health and usher in positivity.

With Watermaniac the users can track the amount of water consumed daily. The app empowers users to set a daily goal regarding water consumption, save the history of every drink taken throughout the day, and receive customized notifications that remind them about drinking water.

Lifestyle: Reflectly

Reflectly, is an AI-empowered lifestyle app with an alluring dashboard, using which the users can create their personal journal. It sends the users a new set of questions every day, for identifying their lifestyle, stress levels, thoughts, and inhibitions. Users can pen down their thoughts and feelings. The app aims at gauging the users’ state of mental being and provides them handy advice on how to cope up with their existing problems.

Social Networking: Hookle, KlasterMe, and Pairing

The users of the Flutter app Hookle, enjoy the facility of sharing posts, monitoring social activity, and most importantly, managing several social media accounts in a single place. One can compose posts and publish them, monitor activities through multiple channels at one go, customize the posts as per the social media channel, etc.

With KlasterMe, users can discover amazing content and also create their page with fresh content to share with others. It supports different kinds of content like articles, blogs, videos, photographs, polls, forums, etc.

Pairing, the dating app connecting singles, comes with an easy-going and intuitive interface. It is a safe option to pick as the connections and matches made, involve the real-life user community.

Entertainment: Hamilton Musical

Using this Flutter-based app, one can stay tuned to the up-to-the-minute happenings in the world of Broadway musicals, like new videos, news concerning music, and tour schedules. The users can also buy merchandise and take part in Hamilton lottery contests. One of the most notable special offerings of this app is its Karaoke system that allows users to sing their favorite numbers.

eCommerce: Xianyu by Alibaba

The mobile app Xianyu created in Flutter, by the China-based tech giant Alibaba, functions smoothly on Android as well as iOS. It is appealing, speedy, and easily understandable. It connects buyers with retailers under one single ecosystem. Xianyu has been downloaded more than 50 million times and claims that there are 10 million active users daily. Alibaba already had a pre-existing app with millions of users, but for a smoother UI/UX and a time-saving solution, the Xianyu team opted for the Flutter framework.

Transportation:  SG BusTracker

This navigation app provides commuters with real-time information about bus schedules like the arrival time, nearby stops, as well as seating availability in them.

Real Estate: Realtor

This Flutter app enables the users to have real-estate information at their fingertips. It not only allows you to effortlessly, find, sell or buy property, but also helps in other related tasks like calculating mortgage.

Bottom Line

The aforesaid examples indicate that the Flutter framework can not only create disruptive solutions regardless of the industrial sector but also fetch humongous profits for businesses.

If you too would like to harness the potential of this outstanding framework and looking for a reliable technological partner, contact Biz4Solutions today! We are a prominent Flutter app development company with rich experience in creating success stories for our global clients.

To know more about our other core technologies, refer to links below:

React native

Angular

ROR

[ankikarekar9]

What is a Blockchain Bridge and How does it Work?

Blockchain is the most powerful tool that has revolutionized many sectors – finance, supply, healthcare, and law. Intending to make different blockchains accessible and interoperable, blockchain bridges fill in various gaps in the crypto ecosystem. Today, interoperability between blockchains is facilitated by many of the best blockchain bridges in the crypto space. 

What is a Blockchain Bridge?

Interoperability between blockchains is one of the biggest challenges to fully optimizing the utilities of the groundbreaking tech that blockchain is. Each blockchain is constrained by the boundaries of its area, despite being flexible and relatively effective as a standalone entity. 

A blockchain bridge acts like a bridge between two blockchains to enable communication/interaction. It is also known as a cross-chain bridge. 

Let’s understand this with a non-crypto example first. Suppose you are to travel to England. You have the Indian currency – the rupee, but you need pounds in England for daily transactions. To get this done, you go to a foreign currency exchange. 

Similarly, a blockchain bridge will come to your rescue if you possess Solana but want to spend it like Ether on the Ethereum blockchain. A blockchain bridge converts your crypto coins into tokens for use on the other blockchain.

Importance of Blockchain Bridges

Blockchain bridges assist in bridging the gaps between different blockchain networks and connecting the disparate crypto ecosystems. Bridges allow vital data, assets, smart contracts, and even instructions and feedback to be shared between the various layers of a blockchain and between multiple blockchains.

Blockchain bridges offer further advantages like access to new protocols on other chains, and the possibility for developers from other blockchain communities to work together. In other words, blockchain bridges will be essential if the blockchain ecosystem has to become interoperable in the future.  The main benefit of interoperability between blockchains is that it accelerates the rate of widespread adoption of the industry by wrapping a token like Bitcoin, bridging it to Ethereum, and then transferring that newly created token over to any DeFi protocol.

Transferring assets from one blockchain to another has a wide range of advantages. First, the blockchain onto which you migrate assets may be less expensive and quicker. Investors could use these bridges to take full advantage of marketplaces restricted to a different blockchain.

How do Blockchain Bridges Work?

If you were to interoperate between different blockchains regularly, your situation will appear something like this – Suppose you had Bitcoin but you wanted to play a game on the Ethereum network you would need to trade Bitcoin for ETH on a trading platform, withdraw the money to a wallet, and then deposit it once more on an exchange. By the time it arrives, you would have to probably pay more fees than you had originally intended.

To understand how a blockchain bridge works, let’s take an example. If a Bitcoin holder wants to transfer some of their BTC to the ETH network, the blockchain bridge will hold the coins and make ETH equivalents of the same. The coins can then be used on the ETH network. In actuality, the coins move nowhere, the BTC you want to want to transfer gets locked in a smart contract and you get access to ETH tokens of equivalent value. When you want the ETH tokens converted back to BTC, the ETH tokens will be burned and the BTC locked in the smart contract will be released into your wallet. 

[bitcoinminershasrate]

Hive OS Ethereum Mining Farms: Best Software for Bitcoin (ETHminer)

Hive OS Ethereum Mining Farms: Best Software for Bitcoin (, ETHminer - Profitable) - In the list of operating systems dedicated to optimizing the mining of cryptocurrencies such as bitcoin or ether, Hive OS has positioned itself as one of the best options for small and large-scale miners. This is because said operating system combines a series of features that simplify the tasks of those who manage mining equipment. Key facts: - Hive OS offers tools to remotely monitor and configure massive mining hardware. - Small farms with four or fewer rigs can use this platform for free. This article contains referral links. Know more. Many people think that mining cryptocurrencies is something as simple as “turning on a little machine that makes money” and then going to sleep or going out to enjoy their earnings, but it is not that easy. The miner must be attentive to many aspects, both technological and the cryptocurrency market, if he really wants to get the most out of this activity. Factors such as hardware temperature, its hash rate, Internet connection, electricity consumption, mining performance in different pools, among others, are values ​​that every miner must always be aware of. For it it is important to have remote access to the hardware, in order to view such values ​​and make the necessary adjustments to correct them. Advertising In many cases, miners use different programs at the same time to monitor and configure the operation of their equipment. What, without a doubt, complicates this task more; especially if it is about those who do not manage only a small rig at home, but farms with dozens of devices intended for mining one or more cryptocurrencies. What is HiveOS? The aforementioned list of difficulties and potential setbacks that mining bitcoin and other cryptocurrencies can bring is what Hive OS solves. It is an operating system based on Ubuntu 16.04 LTS that includes tools to monitor and configure mining hardware onsite and remotely. Advertising Hive OS has some of the most used mining programs in the niche built in, such as: CCminer, SGminer, ETHminer, Claymore (in its Dual Ethereum, Zcash and CryptoNote versions). In case the user's preferred software is not yet integrated into this operating system, there is the tool “Custom Miner”, which allows adding new existing mining applications. Thanks to this, Hive OS can be used to mine cryptocurrencies such as bitcoin (BTC), ether (ETH), monero (XMR), zcash (ZEC), siacoin (SC), decred (DCR), among others. This is what the overview of a mining farm looks like in Hive OS. Fountain: Hive OS Regarding the hardware, Hive OS can be used in the same way with ASIC equipment, graphics cards (GPU) both Nvidia and AMD, and even for mining with CPU. About mining with GPU, this operating system allows the use of rigs with up to 19 graphics cards, which do not necessarily have to be all of the same brand. That is, Hive OS users may have rigs hybrid miners, made up of AMD and Nvidia graphics cards of different models, no problem. This usually causes problems with other operating systems and mining programs, but not with Hive OS. The installation procedure of this operating system specialized in cryptocurrency mining is simple and fast (about 30 minutes). For this, you only need a storage device of 8Gb, at least. The download can be done for free from the official Hiveo OS website: hiveos.farm. How Hive OS makes managing your bitcoin mining farm easier The main advantage of Hive OS over other operating systems dedicated to mining bitcoin and other cryptocurrencies is that it is a all in one system. So there is no need to download three or more programs and jump from one to another to monitor and configure your mining equipment. Simply install Hive OS, register on their website and sync your account with your farm, to have at hand all the necessary tools to manage it remotely. Setting up miners at scale Before starting your farm with Hive OS, it is crucial to configure certain details regarding the operation of your miners. Normally, in other operating systems and programs used for cryptocurrency mining, you must apply many of these settings independently to each computer. Hive OS, on the other hand, allows you to configure and apply each change simultaneously to your entire farm or to the miners you specifically want. On the website you can create Flight Sheets (Flight Sheets) where you specify different values ​​related to the way your farm teams will work. The wallet that will be used, in which pool it will be mined and what equipment you have on your farm will work under those specifications are some of the details that each contains. Flight Sheet. You can create as many of them as you consider necessary, and even you can schedule its release so that they are activated automatically. Configuration of a Flight Sheet to mine on Hive OS. Fountain: Hive OS The overclocking It is an important process of mining. In this way, some of the properties of the mining hardware are altered so that it works with greater force. Hive OS It allows you to configure the power limit, the speed of the processor, the memory and the heat extractor for all your equipment simultaneously. Although you can also establish independent configurations for a specific device, depending on its characteristics and your goals with it. configuration window overclocking on Hive OS. Fountain: Hive OS Notifications and autopilot Hive OS offers a notification service via Telegram about the performance of your farm. If any of your equipment fails or its performance is outside the established parameters, you will know immediately. In this way you can remotely perform any action necessary to solve the problem and continue mining cryptocurrencies. However, if for any reason you do not receive the notification or you cannot attend to the emergency, you can automate some actions according to the situation. For example, there is the possibility to configure the automatic shutdown and restart of your miners if they reach very high temperatures. Similarly, you can program the speed of the heat extractor to increase according to the temperature of the equipment. Mining statistics in the last 30 days on Hive OS. Fountain Hive OS Farms that exceed 500 mining devices enjoy a private server, individualized technical service and even the possibility of reselling services with the operating system. The fee that this type of user must pay is not fixed, but would be "personalized" according to the client. The Hive OS policy regarding receiving payments is exclusive to crypto assets. The platform uses the payment processor CoinPayments, which accepts more than 50 different cryptocurrencies and tokens. Pools, VPN, languages ​​and App Hiveon Pool it is the sister pool of Hive OS. The main advantage of using both together is that there is no need to subscribe to the pool. Simply select it when creating your Flight Sheet and activate it to start mining on it. Regarding its features, Hiveon Pool offers daily payments with a minimum limit of 0.1 ETH under the PPS+ payment scheme. Another advantage of mining in this pool is that, at the moment, it does not charge commission to its workers. Although as a disadvantage is that currently only ether (ETH) can be mined. In conclusion, Hive OS is a valuable tool for mining bitcoin and any other cryptocurrency. Its versatility, its simplicity and the fact that it is so complete, make it worthy of the excellent reception it has had in the niche. It's worth giving it a shot and trying it out, as unlike other similar operating systems, you can try it out for free with a couple of rigs. Read the full article

[ethereumtoken]

Main Ethereum Layer 2 networks

One of the most popular blockchain networks in use today is Ethereum. Thousands of visitors use its services. The total number of decentralized applications (or DApps) developed on the platform in mid-2020 approached three thousand. Furthermore, Ethereum's potential to power the Defi space also highlights the possibilities for a significant increase in the number of applications and users on the Ethereum platform development.

The increasing number of users on the network unknowingly caused Etherum to face some limitations. Transactions on the blockchain take time to complete, regularly satisfy congestion, and promote high gas rates. These limitations were where

Ethereum Layer 2 Solutions came into the picture. So what are Layer 2 solutions and what are the main Ethereum Layer 2 networks on the network?

Ethereum Layer 2 Solutions Overview

Despite how Ethereum is introducing sharding in ETH 2.0, the process is not ready for implementation. Therefore, it is better to rely on Layer 2 solutions to perform operations on the blockchain.

The name provides a significant amount of information about what they provide. Layer 2 is another network that runs on top of the leading Ethereum network. Layer 2 solutions stay on top of the Layer 1 network through a smart contract. Layer 2 can interact with the leading network and not depend on modifications in its basic protocols. Additional features like payment scalability and off-chain computing can be provided by Ethereum Layer 2 scaling solutions.

The need for Ethereum Layer 2 solutions

Development of Ethereum's popularity means that it faces more users signing up for the platform. Additional users lead to increased load on the network. Currently, network capacity is limited and the cost of using network services is increasing. The higher rates come as more users compete to add transactions to the network.

Therefore, Layer 2 solutions play a critical role in addressing network performance issues. Solutions remain in the development phase are solutions for scaling, testing, researching, and deploying Ethereum. The goal of scalability on the Ethereum network refers to improving the speed of transactions along with the performance of transactions. Furthermore, these scaling solutions cannot compromise the decentralized nature and security of the network.

Ethereum also faces problems like high gas fees and slower transactions. Ethereum currently offers two options through Layer 2 solutions and sharding. These solutions address the issues of high transaction fees, scalability, and delays in transaction settlement.

Notable Layer 2 Networks

Since their launch, many Layer 2 solutions have gained attention in the world of cryptocurrencies. Here are the remarkable Layer 2 solutions that solved several critical problems.

Polygon - It is an emerging platform aimed at developing and connecting

blockchain networks based on Ethereum . It has all the tools and components used by developers to create optimized Ethereum instances. Additionally, the platform provides improved flexibility for developers and Ethereum security. Polygon is constantly becoming the preferred Ethereum Layer 2 solution provider and is experiencing incredible market growth.

Arbitrum - Arbitum development has features designed for close interoperability with Etherum. Solidity developers can cross-compile their smart contracts with help of these features. The three components of Arbitum include a compiler, EthBridge, and validators. Arbitum indicates that it is not interested in launching a token because it does not have a native token. Another highlight of Arbitum is that it supports sidechain transaction aggregation or accumulation technology.

Optimism - This is another example of Ethereum's famous scaling solutions that provide improvements in transaction affordability. Furthermore, it can guarantee prolific improvements in transaction speed for Ethereum users. With some limitations, developers here can create Solidity smart contracts One of the highlights of Optimism is the direct collaboration with Synthetix. The platform announced that it would provide participation options to users with SNX tokens.

Immutable-X - Immutable-X is the first Layer 2 scaling solution for NFT on Ethereum. It provides instant business confirmation, zero gas fees, flawless scalability, and provides this without compromising user custody. The protocol operation on top of StarkWare demonstrates the technology and allows users to retain the Ethereum network and services.

X-Dai - is an Etherum-based sidechain and helps users process transactions at cheaper costs and faster speeds. The platform helps users place native xDAI tokens as bets on networks by using a PoS consensus mechanic.The most attractive part of xDAI is that it is a stable coin.

The growth of the xDAI system occurs thanks to its integrations and alliances with other platforms and projects.

Final thoughts

Layer 2 solutions have the optimal solution to address the increasing load on the Ethereum network development. For the widespread adoption of a blockchain network, scalability acts as a promising requirement. Lower transaction fees will encourage more users to start using blockchain.

The various Ethereum Layer 2 solutions here have immense potential. Hence, we see that many blockchain development companies are integrating Layer 2 solutions into their development services. These solutions are the best to provide the resource usage of blockchain networks.

[bitcofun]

A current conference held by Ethereum's lead designers has actually led crypto financiers to hypothesize how the Shanghai upgrade will affect the token's future rate. The Shanghai upgrade is arranged to be released in the 2nd quarter of 2023. Ethereum is all set to go through another essential upgrade called "Shanghai," which will play an essential function in identifying its rate in the long run. A current conference chaired by the Ethereum Foundation's Tim Beiko together with other designers worrying the upcoming Shanghai upgrade has actually led the crypto supporters to dissect the upcoming Shanghai upgrade. The upgrade will supposedly attend to Ethereum's scalability concerns while likewise assisting the blockchain repair its well-known gas rates, which have actually afflicted the network considering that its creation in 2015. Ethereum Shanghai Upgrade: What's Happening? Last week, a Zoom conference was assembled by Tim Beiko and his group of lead designers to go through the prepared Shanghai upgrade. First on the call, I asked all the customer groups what they had actually been dealing with and what their view of concerns was for Shanghai.-- timbeiko.eth (@TimBeiko) October 27, 2022 The upgrade, which is set to be released in the 2nd quarter of 2023, has actually been called among the most expected updates of the year as it will present brand-new modifications to Ethereum's core facilities. The conference chaired by Beiko supposedly went over "top priorities for Ethereum's next organized upgrade, called Shanghai." Based on the brand-new information, designers settled on extra different brand-new modifications that Shanghai must focus on, beginning with helping with staked Ether withdrawals. Dubbed EIP 4895, Shanghai will eventually allow crypto users to withdraw staked Ether. While the beacon chain at present licenses ETH staking, it does not enable users/developers to withdraw staked ETH. Moreover, the designers likewise accepted evaluate the EIP-4844 or Ethereum Virtual Machine Format code modifications to include them in the upcoming Shanghai upgrade rollout. The group stated they were likewise thinking about checking out EIP-1153, which presents short-term storage opcodes, and, EIP-4758, which shuts off the SELFDESTRUCT opcode and transforms it to a SENDALL opcode. Hyperlinks here: 1153: https://t.co/HAoj020 VfY 4758: https://t.co/BxWDoeDnKJ-- timbeiko.eth (@TimBeiko) October 27, 2022 Another upgrade that was gone over in the conference was EIP-4844, likewise called Proto Danksharding. EIP-4844 is a proposition that "presents a brand-new deal type to Ethereum for settling batches of deals from Layer-2 rollups in a cost-efficient approach," Later on, the designers even more talked about upgrades connected to the EOF, or Ethereum virtual device format, which is "the execution environment that releases clever agreements on Ethereum." Shanghai might present a brand-new EVM format that successfully differentiates code from information in a manner that conserves gas for agreement release. How Will Shanghai's Upgrade Affect Ethereum's Price? Since the testnet variation of Shanghai, called Shandong, is currently reside on Ethereum, users are preparing for brand-new and amazing modifications that the blockchain might quickly provide in the future. In regards to Ethereum's future rate, the Shanghai upgrade release will substantially assist in accelerating deals on Ethereum. Apart from speed, the upgrade will likewise streamline the procedure of processing ETH deals over layer-two networks such as Arbitrum and Optimism, assisting the token gain more traditional adoption and momentum. According to Ethereum's creator, Vitalik Buterin, Layer 2 networks on Ethereum are an essential part of the blockchain and likewise play a considerable function in keeping the network budget-friendly and economical. Needs to get under $0.05 to be really appropriate imo. We're certainly making fantastic development, and even proto-danksharding might be enough to get us there for a while!-- vitalik.

eth (@VitalikButerin) May 3, 2022 Shanghai's upgrade rollout might likewise put in huge selling pressure thinking about that Ethereum presently has 15.51 million ETH staked. The upgrade will likewise assist in lowering deal expenses on the blockchain, which is among the leading factors that might assist ETH rally past its typical numbers. Buterin had actually previously pointed out how Ethereum will go through other vital updates called the "combine," "purge," and "spend lavishly" upgrades. With a thoroughly specified ETH roadmap currently in production, financiers are incredibly bullish that ETH will quickly break previous its typical cost limit to trade at a greater cost. Read More

[coinprojects]

New Post has been published on https://coinprojects.net/how-cross-chain-liquidity-aggregation-can-shape-the-future-of-defi/

How cross-chain liquidity aggregation can shape the future of DeFi

As decentralized exchanges now represent a significant amount of crypto trading volume, it is vivid that these platforms will play a big role in the smart economy of the future.

Automated market makers, in particular, changed the game by eliminating the need for order books entirely and replacing them with liquidity pools. This model was a win-win for both traders executing swaps and liquidity providers incentivized to supply their tokens and earn fees from traders.

Even the sporadic liquidity issues on DEXes, brought about by a sometimes fragmented marketplace, were addressed by the emergence of DEX aggregators – platforms that would essentially pool together fragmented liquidity onto a single platform.

For the most part, however, these DEX aggregators are limited to connecting liquidity pools on Ethereum. This obviously limits the level of multi-chain accessibility actually possible while trading on a DEX. Moreover, as things stand, trading volume on DEXes still pales in comparison to most centralized exchanges.

And while Ethereum might be the most prominent network in the industry, it isn’t for everybody. It is no secret that network congestion and the lack of scalability have caused high transaction fees on Ethereum.

Traders have looked to Layer 2 solutions and sidechains such as Binance Smart Chain, HECO, and Polygon as alternatives, but the transaction barriers between them still limit their choices considerably.

In some instances, the convoluted nature of actually performing a trade coupled with these liquidity issues has driven DeFi traders right back to centralized exchanges.

Clearly, interoperability between blockchains is the need of the hour. Cross-chain liquidity aggregators address these issues prevailing on decentralized exchanges by aggregating liquidity sources from various DEXs across chains and their own cross-chain pools.

O3 Swap is one such cross-chain DEX aggregator that works on expanding available token markets and increasing liquidity and trading volumes, easing cross-chain transactions for users all around.

O3 Swap describes itself as the first cross-chain aggregation protocol that enables free trading of native assets between heterogeneous chains by deploying ‘aggregator + asset cross-chain pool’ on different public chains and Layer 2 granting users access to cross-chain transactions with one click.

The project sees the future of DeFi as multichain co-existence. For the moment, it supports Ethereum, BSC, HECO, Polygon, and NEO cross-chain transactions and four cross-chain pools: USD Pool (ERC20-BEP20-HRC20), ETH pool (ERC20-BEP20-HRC20), BTC Pool (ERC20-BEP20-HRC20), and USDC Pool (ERC20-BEP20-Polygon).

With the use of special algorithms, cross-chain DEX aggregators identify the most optimal routes to fulfill trade orders across blockchain ecosystems. This important functionality will not only ease the burden of existing DeFi users but also remove some of the barriers to entry for newer market participants.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

Source link By Cointelegraph By Chris Jones

#Altcoin #Binance #Bitcoin #BlockChain #BlockchainNews #BNB #Crypto #CryptoExchange #ETH #Etherium

[sandyzakk]

Basic knowledge and precautions of bridge between chains

Utilization of active bridge On the 20th, Coinbase, a major US cryptocurrency exchange, released a blog article explaining the “bridge” that enables token transfer between different blockchains. From the basic mechanism, we have summarized the points to note when using it by users.

According to the article, the activity between the Bridge Smart Contract Development Services compatible with Ethereum became active around April 2021 when the bull market in the altcoin market got into full swing. On September 12, the number of transactions using the bridge exceeded the maximum of 60,000 transactions / day.

Behind this are (1) an increase in the number of bridge apps (eg Wormhole), (2) an increase in networks compatible with Ethereum, and (3) an increase in decentralized apps ( dApps ) in chains other than Ethereum. be.

Networks that can connect to Ethereum, launched in 2021, include Avalanche, Ronin, Arbitrum One, Optimism, and Solana.

What is a bridge? Coinbase defines the bridge as:

A bridge is an application that uses cross-chain communication technology to enable transactions between two or more networks, such as layer 1, layer 2, and off-chain services.

One of the reasons users use the bridge is to access a network that offers cheaper fees and faster transactions than Ethereum. Bridge technology will also allow assets other than the network’s native tokens to be used to gain price exposure to other currencies. (Example: Wrapped BTC (wBTC), etc.) In addition, there are cases where bridges are used to access a wider range of dApps. Cross chain bridge development For example, access to game apps that cannot be deployed on the Ethereum mainnet due to transaction speed and block size restrictions will be possible by using the bridge. Bridges also appear to be used to participate in network incentive programs, such as distributing free tokens to the community.

Coinbase released daily deposits and withdrawals (in US dollars) to Ethereum Bridge in the first quarter of 2022. The increase in volume was significantly influenced by events such as project launches , airdrops , incentive programs, and even hacking into bridges.

How the bridge works Bridges allow the movement of tokens between networks, but instead of moving the tokens themselves, they link “expressors of tokens” like wrapped tokens in a bridge contract.

Linking between chains is done by the following process.

-Deposit assets (tokens) in the original network A bridge contract A -Bridge contract A locks the asset and notifies bridge contract B of the remittance destination network B. -Bridge Contract B mint (creates) a new token that represents a locked asset (A’s wrapped token) -Bridge contract B sends the newly created wrapped token to the address of network B. -When sending assets from network B to network A, bridge contract B burns the wrapped token and notifies bridge contract A. Bridge Contract A verifies the withdrawal authority and unlocks the assets locked to Bridge Contract A if there are no problems.

Bridge safety Coinbase cautions that using the bridge involves risks, such as the inability to withdraw user funds during the deposit and withdrawal process and the possibility of being victimized by cyber attacks.

For example, in terms of bridge security, if there are bugs or vulnerabilities in smart contracts , Build a cross chain bridge they can be the target of cyber attacks. In February of this year, one of the major bridges, Wormhole, was hacked, and 120,000 ETH (about 47.6 billion yen) was leaked from the bridges of Solana (SOL) and Ethereum (ETH) .

Related: Cryptocurrency exchange FTX, tokenized stocks such as Apple and Tesla can be bought and sold less than 1 share

Custodians on locked assets could also be the target of cyber attacks. The illegal outflow from the Ronin Bridge (a side chain of the NFT game “Axie Infinity”) that occurred in March this year caused damage of over 70 billion yen. The four validation nodes operated by Sky Mavis, which created the Ronin bridge, were controlled by an attacker.

Coinbase is also layer 1 (main chain), Build a token bridge where hostile miners and validators can take control of more than 50% of the network and illegally acquire locked funds, or someone can make a bridge contract. It is pointed out that the possibility of blocking communication updates is not impossible, although the probability is low. When using the bridge, he warns that the loss of locked money theft is irreversible.

[rondekopicrypto]

Dhabi Coin

DhabiCoin's Revolutionary Project In Blockchain Technology That Will Amaze You

Cryptocurrency is the authentication of transactions using a computer digital payment network. Certain cryptocurrencies may be classified as securities, depending on how investors hope to earn their money and how they are regulated. If these currency traders promote the price of money and go online to spread contention, it may be considered a scam. Whether the bubble exists may be difficult to tell. Mass reception is the only way to prevent an explosion. The Dhabi Coin Token (DBC) is equipped with technology that is part of the Binance Smart Chain ecosystem and has an excellent multilingual support staff. The platform offers complete transaction security, low fees, and increased agility of information transactions. The Dhabi Coin Token (DBC), whose system is decentralized into the Binance Smart Chain (BSC) smart contract,

Why Dubai Coins Are What You Need?

In recent years, cryptocurrencies have developed into safer alternative assets that attract high potential investors, such as the cryptocurrency (DBC) Dabhi Coin, with complete flexibility, speed and efficiency in its crypto-monetary processes. Blockchain technology enables decentralization by participants through a dispersed network. There is no single point of failure, and a single user cannot modify the transaction log. However, in some important security areas, blockchain technology is different. One of the most valuable and significant investment growth expectations is the cryptocurrency market, which relies on dependability, convenience and economic protection.

What is Binance Smart Chain?

Dhabi Coin uses the Binance Smart Chain Interface for all of its work. Smart Binance Chain has been designed to enable smart contracts to overcome Ethereum's growing dominance in the DeFi industry. BSC is the gateway for Client-Get of Ethereum. For current Ethereum developers and users, BSC is, therefore, an available alternative – a feature that is driving its rapid growth. The Ethereum Binance Smart Chain blockchain is not an accurate clone. For example, BSC leverages the Proof of Work (PoSA) concept as an alternative to the Ethereum Consensus paradigm. This PoSA model optimizes networks with low speed and high efficiency but compromises resistance to decentralization and censorship.

MANFAAT BINANCE SMART CHAIN ​​BERBASIS DHABICOIN

The main benefit of electronic forms of money, such as DhabiCoin, is that they allow for fast trades, taking only ten minutes. This is the amount of time it takes to agree a deal. There is no need for agents or banks to intervene in cryptographic cash trading. Cryptographic forms of money, accordingly, are very helpful for both organizations and clients, as they eliminate some of the bank fees that are reflected in the last expense. Binance DEX, the top decentralized exchange, supports a growing digital asset ecosystem:

Low transaction fees of only one penny

High performance, with a network that can generate blocks every three seconds.

A DeFi method that works across the chain to improve DeFi interoperability

The Binance ecosystem supports several DeFi initiatives by funding and bootstrapping them.

Binance.com and Binance DEX have a thriving ecosystem of millions of users.

BSC is already collaborating with a network of significant crypto initiatives.

• Why Dhabi Coins Choose BSC Over Ethereum •

In recent years, this dominance will continue for the foreseeable future, given the substantial organic activity of the Ethereum ecosystem. However, this high demand resulted in a sharp increase in the price of ETH gas, i.e., the fees paid for transactions on Ethereum, a fact that has recently driven many people off the Ethereum network. Smart Chain Finance Enter (BSC). This Ethereum fork has been modified and thus can be moved to Ethereum applications and users. This is the Ethereum Virtual Machine (EVM). And Dhabi Coin is seeing more of this migration lately as certain apps try to win low transaction fees for customers. A large number of these businesses have recently been seen as fake, but there is no doubt that the existing crypto bull running against the backdrop of acutely high ETH fees has also attracted unprecedented interest in Binance's internal smart contract platform. That's why Dhabi Coin chose BSC over Ethereum.

• Dhabi Coin Solutions For Consumers •

Dhabi Coin Offers Many Benefits to users. Consumer benefits are the main priority of the Dhabi Coin. Let's look at some of the following benefits:

It's important to remember that the different payment alternatives differ significantly. They only focus on merchants and allow them to accept payments in cryptocurrencies but do not help improve the lives of customers. For example, when you pay for a product, it remains the customer who pays the mining fee.

A significant area for traders within the network also contributes to solving another existing problem: the challenge of finding institutions that use cryptocurrencies. You can find the nearest online company or local company on the network, all in one big storefront.

The smart contract platform, which enables the formation of contracts for payment of services, among other tasks, is another important breakthrough directed at consumers of products and services.

Differences The Dhabicoin network explicitly provides payment systems, including merchants and consumers, both of which have the same network.

It is still possible for traders to convert the received amount into currency, do it immediately, or invest in the market.

•Dhabi Coin Offers Equal Trading Network For Consumers & Merchants•

Dhabi has always thought of an intuitive ecosystem for traders and users. The new goal for enterprises is to have a more connected, highly automated and much more open infrastructure, enabling effective business financing options for clients. However, this can be done by creating trusted and permitted connections between companies, B2B networks, service providers, and other financial institutions. The emergence of "smart contracts" allows companies to automatically activate trading operations based on certain parameters. This will again increase efficiency by simplifying procedures, time and transaction costs. An indelible audit trail offers better traceability and one of the important advantages of business finance business blockchain. The new level of verification automatically verifies asset legitimacy.

Coin Dhabi Social Media Network Benefits

In contrast to common platforms, the Dhabi Coin Social Media Platform provides important benefits:

Encouraging relationships among members helps them to grow as traders. Beginners are better informed and can make better investments through these well-known traders.

Its members share a common focus on the market and use of cryptocurrencies;

Because there is a KYC system, it's a no-nonsense network, where everyone is identified, and you know you're following people's actions or business;

It helps to make better informed choices by observing the actions of others and participating in discussions, thanks to the "wisdom of the crowd."

Blockchain Advantages in DhabiCoin Chain Accuracy In blockchain networks, transactions are approved by a good network with a large number of computers. This virtually eliminates individual participation in the verification  process  , resulting in less human error and more precise data records.Cost Reduction Often, the customer pays the bank to confirm the transaction, the notary to sign the letter, or the priest to marry them. Blockchain eliminates the need for third-party  verification  and the costs that come with it. Businesses pay a small fee when they accept credit card payments.Decentralization Some data on the blockchain will not be stored in one location. In most cases, the blockchain is duplicated and spread across computer networks. When each new block is added to the blockchain, each computer updates its blockchain to reflect the transition.Secure Transactions Once a transaction is recorded, the blockchain network must check its legitimacy. Thousands of blockchain computer systems secure to ensure that the order'sthe data is correct. After the engine validates the contract, it is added to the blockchain block

Blockchain technology signaled email like earthquakes and the web changed during the 1990s and ten years later Facebook and Twitter. This breakthrough technology allows Bitcoin and others without a centralized authority. Cryptocurrencies are just the tip of the crowd and are much bigger and far more vital beneath the surface. Blockchain technology can generate countless opportunities everywhere. 21.co is an interesting case in point, a blockchain startup created by Dr. Balaji Srinivasan. The establishment of confidential and authoritative contacts between businesses, B2B networks, service providers, and financial institutions is transforming the financial sector. This new highly efficient model ultimately has a better associated infrastructure that is more automated and more open, demonstrating the benefits of blockchain in commercial finance. Then what are you waiting for? Join Dhabi Coin as soon as you finish this article.

Understanding Tokenization

Tokenization technology is considered a protected cycle that randomizes each client's card number into tokens. Tokens are a great grouping of characters. Instead of dumping the token number, the framework only needs to store the token. Token code is used instead of card data in exchange, guaranteeing maximum security. In the event of an information leak, the intruder will not get the actual card information because the tokens stored in the framework will not be required for all clients, apart from legitimate payers. This is considered the answer that significant credit and financial organizations have adopted when providing installment cards to their clients.

📷

Tokens (DBC)

DHABICOIN is their cryptographic token, created on the Binance platform. These will be distributed at token generation events for those who contribute to the DHABICOIN network project, as described in this document.

Amount of tokens: 3,000,000,000 DBC

What are the advantages of acquiring Dubai Coin (DBC)

Dhabicoin, a BEP-20 token, the code is written on the Binance blockchain, in a high level of security, decentralized and its users can benefit from the enrichment of Dhabicoin. Dhabicoin is a very profitable asset for its holders.

Roadmap

January 2021

Deploy the Smart Contract of Dhabi Coin, clean test of Binance Smart Chain

February 2021

Contact Kontrak Cerdas Rantai Pintar Binance Coin Mainnet Binancenet

March 2021

Start AirDrop Rewards

Start Presale (Round 1)

July 2021

End of Presale (Round 1)

Start Presale (Round 2)

September 2021

End Presale (Round 2)/Delivering Dhabi Coins/AirDrop Bounties tokens

November 2021

Start Sale (Round 1)

December 2021

Final Sale (Round 1)

Sales Start (Last Round 2)

January 2022

End Sale (Last 2nd Round)

Listing 4 exchanges/Launch of Android iOS app Coin Dhabi/Launch of DEFI Dhabi Coin

The Social Network of Dhabicoin

Social networks are perhaps the main facet of Dhabicoin, being the bottom and hyperlinks between other modules. Identical in its procedure to the established system, it includes TimeLine, the possibility to follow various other users and interact through comments, shares, likes, as well as through private messages.

It has important positive aspects over generic platforms:

• Because it includes a KYC system, it is a network without a "fake" profile, a network where many people are identified and you understand that you will be following real people or trading;

• Its members talk about a common focal point, which may be the market and use of cryptocurrencies;

• Encourage interaction between partners that support them to grow as investors. By following leading investors, beginners are better educated and can make smarter investment decisions.

• Observing the activities of others and taking part in discussions helps to try to make better decisions, due to the effect of "group wisdom".

Dhabicoin brings together social networking platforms, payments, smart contracts, cryptocurrency universities. They understand that the synergies between these platforms, when integrated, provide them with greater value than the sum of the simple parts, creating a revolutionary ecosystem where people can invest, negotiate, pay and receive, and inform and learn about cryptocurrencies. So you can invest here without any confusion.

Official Links;

Situs web:  https://dhabicoin.ae Penjualan ICO:  https://dhabicoin.ae/public/invite?ref=UD00002 Telegram:  https://t.me/joinchat/94HGhsK4sDNlN2Jk Reddit:  https://www.reddit. com/user/dhabicoin Twitter:  https://twitter.com/DhabicoinUae Whitepaper:  https://drive.google.com/file/d/1hP9VhhWtPuI1ON3Iw-8GJLJzRo0wVy_C/view Medium:  https://dhabicoin.medium.com

Username: Lautaromartines

Link: https://bitcointalk.org/index.php?action=profile;u=3122437