Trading Crypto Guide ™

2024-05-01 10:01:49 #BTC continues to drop lower and strongly bounced from the support zone as drawn. Its a major key too, so a reaction is already expected too. Currently, the Market Structure is bearish too, so nothing as of now, NY open coming up with a news event, so eyes on that and more in this week. Open / Comment

2024-04-30 22:00:46 CZ sentenced to 4 months in prison Open / Comment

2024-04-30 20:00:29 Here's the Analysis of #ORDI :

#ORDI is been trending lower with the market dumping conditions breaking the structural support zone of $39.44 - $40.76. Price is expected to continue dip down to next support around $24.0 - $25.0. Buys would be risky here but averaging out will be better here. Wait for the price to reach our the support or build a new one. Open / Comment

2024-04-30 16:00:38 What Is Proof-of-Immutability (PoIM)?

Proof-of-Immutability (PoIM) represents a distinct blockchain system that employs an advanced hash-based strategy for storing blockchain metadata in a remote hash vault. In a PoIM-powered blockchain network, the utmost data privacy standards are maintained, as ledger-appended data isn't duplicated and distributed across network nodes; instead, a hash pointer devoid of traceable metadata is utilized. This methodology further enables a blockchain to scale and achieve high throughput without compromising its decentralized essence.

The PoIM system grants participants of the blockchain network the ability to scrutinize each other's data integrity (by demonstrating its immutability) at any given time, without intruding on the privacy of the scrutinized party's data. Initially, this mechanism for proving immutability may seem redundant, as immutability is commonly regarded as an inherent attribute of all blockchains. However, it's worth noting that while blockchain, as a distributed ledger technology, inherently boasts a higher level of immutability compared to centralized database systems, the extent of immutability varies among different blockchains based on factors such as consensus mechanism and network size.

For instance, permissioned/private blockchain networks, typically smaller in size, are more susceptible to manipulation. PoIM introduces a mechanism that enables participants to verify whether the chain has been tampered with or if a record has been altered, all without accessing the database directly. Additionally, as real-world adoption gains momentum, an auditing mechanism for validating information integrity within the blockchain ledger becomes instrumental in bolstering the legal recognition of blockchain data and smart contracts. Open / Comment

2024-04-30 14:00:47 With the block subsidy halving every 210,000 blocks, the inflation rate is also halved roughly every 4 years. This puts the new annualized inflation rate of the Bitcoin supply at a value of 0.85%, down from 1.7% in the prior epoch.

The fourth halving also marks a significant milestone in the comparison of Bitcoin to Gold as for the first time in history, Bitcoin’s steady-state issuance rate (0.83%) becomes lower than Gold (~2.3%), marking a historic handover in the title of scarcest asset. Open / Comment

2024-04-30 12:02:01 #ALT made a good move from the support zone around 13.6% in profits. Price retraces back to zone as bounced as zone is major area of support. Still, anticipating the move from here, but hodl the stops tight and market is bit of ranging. Open / Comment

2024-04-30 10:20:12 #BTC retraces a bit and now nearly tested the resistance zone and Tomorrow we have some strong news, by which market will react a lot. Currently, price doesn't seems to been clear and we might see some draw in liquidity before that. Wait for the clear PA before executing. Open / Comment

2024-04-29 23:08:26 Open / Comment

2024-04-29 21:20:11 #MATIC Analysis :

#MATIC is been forming a triangle pattern, and is been rejecting off from the major flip area of $0.59. Currently, price floating below the major resistance area of $0.72 - $0.73. We need to see a strong breakout candle over the resistance to take buys. Sells are low probable until the pattern breaks. Open / Comment

2024-04-29 16:01:18 What Is Proof-of-History (PoH)?

Deployed by Solana, Proof of History (PoH) is a method of incorporating time itself into the blockchain, attempting to reduce the load on network nodes while processing blocks. In a traditional blockchain, gaining consensus on the time a block was mined is just as important as getting consensus on the transactions in that block. Because timestamping informs the network (and any observer) that transactions occurred in a specific order, it is crucial.

The successful block miner in a Proof of Work (PoW) scenario is the first to determine the proper nonce, which takes a given amount of computer power. Proof of History (PoH), on the other hand, employs Verifiable Delay Functions (VDFs). Only a single CPU core can solve a VDF by performing a certain set of consecutive steps. Because no parallel processing is permitted, it is simple to determine how long each step will take.

Proof of History (PoH) overcomes the time barrier, making blockchain lighter and quicker by reducing the processing weight. Solana combines Proof of History (PoH) with Tower Byzantine Fault Tolerance (Tower BFT), a security system that allows users to stake tokens to vote on the validity of a PoH hash.

Benefits

Low Fee: Solana offers cheaper transaction fees in comparison to other networks, such as Ethereum. As a consequence, Solana is an excellent choice for frequent transactions and money transfers.

Scalability: Transactions on the Solana network are quick. As a result, the whole picture gains scalability.

Drawbacks

-> Solana presently employs less than 1,200 validators to validate transactions on its network.
-> Solana is sometimes referred to as an Ethereum killer however there are fewer dApps on the network in comparison. On Solana, around 350 dApps have been developed, but on Ethereum, over 3,000 dApps have been built.

Potential Issues with Proof of History (PoH)

Proof of History is a consensus mechanism based on Proof of Stake, but with a different method of calculating time. Historical events are now used to determine the passage of time. These events are transformed into a hash, which can only be generated by previous events. The hash cannot be forged in any way.

Solana is the only blockchain that employs the Proof of History algorithm. Therefore, the blockchain is incredibly scalable, capable of processing up to 60,000 transactions per second. PoH guarantees that determining the timing of a transaction takes less time.

Proof of History, on the other hand, has a number of flaws. For example, this method has never been put to the test on a wide scale, so we don't know if it actually works flawlessly. Furthermore, various vulnerabilities and attacks in Solana have been discovered in the past, some of which were caused in part by Proof of History. As a result, we're not sure if Proof of History is a safe consensus mechanism yet. Open / Comment