๐ Better than Yesterday with BSCS #45: Understanding Blockchain Roll-ups
Blockchain technology has revolutionized industries with its decentralized, transparent, and secure framework.
However, as the adoption of blockchain grows, a critical limitation becomes evident: scalability.
๐ The Scalability Problem
As the number of users grows, blockchain networks often struggle to process transactions efficiently.
With limited block space, networks like Ethereum can only handle a small number of transactions per second (TPS).
High user demand leads to network congestion, resulting in slower processing times and expensive fees โ challenges that prevent blockchain from reaching its full potential.
๐ฅ The Blockchain Trilemma
At the heart of this challenge lies the blockchain trilemma, which posits that blockchain networks cannot simultaneously achieve:
๐ข Decentralization
A trustless, distributed system.
๐ข Security
Resilience against attacks or manipulation.
๐ข Scalability
The capacity to process high transaction volumes efficiently.
Most blockchains prioritize decentralization and security, leaving scalability underdeveloped. This trade-off limits their ability to support the demands of real-world applications.
๐ The Path Forward
Enter Layer-2 scaling solutions, particularly Roll-ups, which offer a groundbreaking approach to addressing scalability without sacrificing blockchainโs core values
Stay tuned for more as we break down the technology transforming blockchain scalability!
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
Blockchain technology has revolutionized industries with its decentralized, transparent, and secure framework.
However, as the adoption of blockchain grows, a critical limitation becomes evident: scalability.
As the number of users grows, blockchain networks often struggle to process transactions efficiently.
With limited block space, networks like Ethereum can only handle a small number of transactions per second (TPS).
High user demand leads to network congestion, resulting in slower processing times and expensive fees โ challenges that prevent blockchain from reaching its full potential.
At the heart of this challenge lies the blockchain trilemma, which posits that blockchain networks cannot simultaneously achieve:
A trustless, distributed system.
Resilience against attacks or manipulation.
The capacity to process high transaction volumes efficiently.
Most blockchains prioritize decentralization and security, leaving scalability underdeveloped. This trade-off limits their ability to support the demands of real-world applications.
๐ The Path Forward
Enter Layer-2 scaling solutions, particularly Roll-ups, which offer a groundbreaking approach to addressing scalability without sacrificing blockchainโs core values
Stay tuned for more as we break down the technology transforming blockchain scalability!
โญ๏ธ BSCS Official Media Channels:
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Bitcoin's recent rally has overtaken the crypto world, nearly reaching $100K! Let's hear your thoughts on the hottest blockchain topics right now: What's got you most excited about blockchain in 2025?
Anonymous Poll
58%
$BTC breaking $100K โ How far can it go?
29%
Rise of RWA tokenization
8%
DeFi 2.0 innovations and new earning opportunities
5%
Layer-2 solutions potential to redefine scalability
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After a long week, Weekly Overview is back, bringing the most comprehensive news of BSCS in the past 7 days!
๐๐ป Let's see if you missed any news!
I. New Partner
II. IDO Project
III. Event and Highlight News
IV. Education
V. Under Development
๐ DEX View
- Optimize and enhance the overall user experience
VI. Communities
โข Telegram Channel: 82,959
โข Twitter: 414,122
โข Youtube: 18,300
โข Facebook: 10,998
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๐Weekly Market Highlights #125: November 18 - November 24
โจThe third week of November 2024 saw a significant surge in BTC prices, accompanied by notable events such as the SEC Chairman announcing his resignation, FTX confirming its payment timeline, MicroStrategy breaking records for BTC purchases, SOL hitting an all-time high, and XRP reaching its highest price in three years.
โจOver the past week, the crypto market total capitalization increased by ~$327B (from ~$3052B to ~$3336B).
โจBTC Calms to $98K
โ BTC started the business week trading at around $90K but quickly gained momentum, surpassing its all-time high of $93.8K by midweek. This surge was fueled by growing net inflows into spot BTC ETFs in the US.
โ The rally continued, peaking on Friday when BTC came tantalizingly close to $100K, reaching $99.6K on most exchanges. However, despite widespread anticipation and predictions from the community, it fell just short of the milestone. Since then, BTC has pulled back slightly, retracing to $98K.
โ Meanwhile, BTCโs dominance over altcoins has dipped to around 58%, sparking speculation about the possibility of an altcoin season.
โจFeatured News
โ MicroStrategy recently revealed that it spent $4.6 billion to acquire an additional 51,780 BTC at an average price of $88,627/ BTC. With this latest purchase, Michael Saylor's company has increased its total BTC holdings to 331,200, at an average acquisition price of $49,874 per BTC.
โ The SEC has confirmed that Gary Gensler will step down as Chairman on January 20, 2025, coinciding with Donald Trump's inauguration as President of the United States.
โ FTX has announced that it is nearing the completion of its restructuring process, expected in early 2025, which will pave the way for the commencement of payments to affected investors.
โ SOL solidified its position as a top 3 market asset by surpassing its all-time high of $264 and is currently trading around $252. Similarly, XRP hit a 3-year high of $1.63 and is now trading at approximately $1.45.
โ Total 2 Index (Marketcap excluding BTC) is now at $1332B
โจBitcoin Fear and Greed Index is 82 - Extreme Greed, lower than at the beginning of the week (83)
โจDominance:
โ BTC: 58.2%
โ ETH: 12.2%
๐ฃSee you next week!
๐ถ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
โจThe third week of November 2024 saw a significant surge in BTC prices, accompanied by notable events such as the SEC Chairman announcing his resignation, FTX confirming its payment timeline, MicroStrategy breaking records for BTC purchases, SOL hitting an all-time high, and XRP reaching its highest price in three years.
โจOver the past week, the crypto market total capitalization increased by ~$327B (from ~$3052B to ~$3336B).
โจBTC Calms to $98K
โ BTC started the business week trading at around $90K but quickly gained momentum, surpassing its all-time high of $93.8K by midweek. This surge was fueled by growing net inflows into spot BTC ETFs in the US.
โ The rally continued, peaking on Friday when BTC came tantalizingly close to $100K, reaching $99.6K on most exchanges. However, despite widespread anticipation and predictions from the community, it fell just short of the milestone. Since then, BTC has pulled back slightly, retracing to $98K.
โ Meanwhile, BTCโs dominance over altcoins has dipped to around 58%, sparking speculation about the possibility of an altcoin season.
โจFeatured News
โ MicroStrategy recently revealed that it spent $4.6 billion to acquire an additional 51,780 BTC at an average price of $88,627/ BTC. With this latest purchase, Michael Saylor's company has increased its total BTC holdings to 331,200, at an average acquisition price of $49,874 per BTC.
โ The SEC has confirmed that Gary Gensler will step down as Chairman on January 20, 2025, coinciding with Donald Trump's inauguration as President of the United States.
โ FTX has announced that it is nearing the completion of its restructuring process, expected in early 2025, which will pave the way for the commencement of payments to affected investors.
โ SOL solidified its position as a top 3 market asset by surpassing its all-time high of $264 and is currently trading around $252. Similarly, XRP hit a 3-year high of $1.63 and is now trading at approximately $1.45.
โ Total 2 Index (Marketcap excluding BTC) is now at $1332B
โจBitcoin Fear and Greed Index is 82 - Extreme Greed, lower than at the beginning of the week (83)
โจDominance:
โ BTC: 58.2%
โ ETH: 12.2%
๐ฃSee you next week!
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๐โ๐จ Vietnam Tech Impact Summit 2024 Is No Doubt The Ultimate All-In-One Tech Event ๐โ๐จ
Because #VTIS2024โThe biggest tech event of the year, hosted by SSI and FPTโis packed with activities that cater to professionals, enthusiasts, from traditional and Web3 sectors alike.
โจ Treasure Hunt (tech prizes worth 500,000,000 VND total)
โจ Conference
โจ Networking
โจ Cosplay Contest
โจ Fashion Runway
โจ VIP Party
โจ Afterparty
๐ Get your tickets now:
Join #VTIS2024 and #JPMorganChase, #Qualcomm, #Google, #AWS, #Binance, #Kucoin, #Bitget, #MEXC, #OKX, #Bingx, #Tether, #U2UNetwork, #Strant, #Lbank, #Aethir, #Coinex, #ATX, #Din, #WeatfitAI, #Beatvn, #SightSea, #Flipster, #Holdstation, #MaxxCapital, #AIxBlock, #SSIDigital, #SSIAM, #VinAI, #Zalopay, #FPT, #VietinBank!
๐๐ช๐ฆ๐ต๐ฏ๐ข๐ฎ ๐๐ฆ๐ค๐ฉ ๐๐ฎ๐ฑ๐ข๐ค๐ต ๐๐ถ๐ฎ๐ฎ๐ช๐ต - ๐๐ฉ๐ฆ ๐๐ข๐ต๐ฆ๐ธ๐ข๐บ ๐๐ฐ ๐๐ช๐ฆ๐ต๐ฏ๐ข๐ฎ
โโโโโโโโโโโโโโโโโโโโโโ
โฐ December 3-4
๐ Vietnam National Convention Center (NCC), Hanoi
๐ฅ Hosted by SSI & FPT. Organized by SSID
โญ๏ธ VTIS Official Media Channels:
Website | X.com | LinkedIn | Facebook
โญ๏ธ BSCS Official Media Channels:
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Because #VTIS2024โThe biggest tech event of the year, hosted by SSI and FPTโis packed with activities that cater to professionals, enthusiasts, from traditional and Web3 sectors alike.
๐ Get your tickets now:
https://lu.ma/lf6fuot2
https://app.moongate.id/e/vtis24
Join #VTIS2024 and #JPMorganChase, #Qualcomm, #Google, #AWS, #Binance, #Kucoin, #Bitget, #MEXC, #OKX, #Bingx, #Tether, #U2UNetwork, #Strant, #Lbank, #Aethir, #Coinex, #ATX, #Din, #WeatfitAI, #Beatvn, #SightSea, #Flipster, #Holdstation, #MaxxCapital, #AIxBlock, #SSIDigital, #SSIAM, #VinAI, #Zalopay, #FPT, #VietinBank!
๐๐ช๐ฆ๐ต๐ฏ๐ข๐ฎ ๐๐ฆ๐ค๐ฉ ๐๐ฎ๐ฑ๐ข๐ค๐ต ๐๐ถ๐ฎ๐ฎ๐ช๐ต - ๐๐ฉ๐ฆ ๐๐ข๐ต๐ฆ๐ธ๐ข๐บ ๐๐ฐ ๐๐ช๐ฆ๐ต๐ฏ๐ข๐ฎ
โโโโโโโโโโโโโโโโโโโโโโ
โญ๏ธ VTIS Official Media Channels:
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โญ๏ธ BSCS Official Media Channels:
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๐Don't miss our AMA and get more information about MetaFight IDO on BSCS on 29th Nov
๐ Speaker: ๐จ๐ปโ๐ฆฐMr. Rocca - CBO of Meta Fight
๐ Venue: BSCS Official [ENG]
๐ 5 Pre-AMA Questions (Send Here)
๐ 5 Live-Chat Questions
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๐Venue: BSCS Global Community
๐ฎ Rule
๐ We will provide 10 multiple-choice questions in this FORM
๐ By the end of the quiz, the top 10 most precise and quickest users will get the reward
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BSCS,Animoca Brands, The Sandbox, RAID Square, Pixelverse, Socios, Waldos, Intercellar, Spatial.io, Stable, Ledger, Pyratz Labs, Dogami, Immutable
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๐ 100+ Top-notch Speakers & Panel from Vietnam and Global
๐ 50+ Tech Booths featuring exciting giveaways
๐ An International-Level Fashion Show and Cosplay Contest
๐ Join the Treasure Hunt to win hot concert tickets to "Anh Trai Say Hi," "Anh Trai Vฦฐแปฃt Ngร n Chรดng Gai," "Labubu," and more, with prizes worth up to 500 million VND
๐ Stay ahead with insights on the latest tech trends
๐ Access job opportunities in the worldโs leading tech companies
๐ Be part of 20,000+ attendees
๐ Get your free tickets now:
https://lu.ma/lf6fuot2
https://app.moongate.id/e/vtis24
Join #VTIS2024 and #Binance #Bitget #KuCoin #MEXC #OKX #BingX #Strant #Tether #Holdstation!
๐๐ช๐ฆ๐ต๐ฏ๐ข๐ฎ ๐๐ฆ๐ค๐ฉ ๐๐ฎ๐ฑ๐ข๐ค๐ต ๐๐ถ๐ฎ๐ฎ๐ช๐ต - ๐๐ฉ๐ฆ ๐๐ข๐ต๐ฆ๐ธ๐ข๐บ ๐๐ฐ ๐๐ช๐ฆ๐ต๐ฏ๐ข๐ฎ
โโโโโโโโโโโโโโโโโโโโโโ
โญ๏ธ VTIS Official Media Channels:
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๐Venue: BSCS Global Community
๐ฎ Rule
๐ We will provide 10 multiple-choice questions in this FORM
๐ By the end of the quiz, the top 10 most precise and quickest users will get the reward
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๐ญ Take a look at our expected MetaFight! You can see immense ๐๐๐ฑ-๐๐๐ฑ-๐๐๐๐ฑ gains very shortly. At which ROI do you think $MFT can reach?
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We're extending the BSCS x War Three KingDoms Airdrop Campaign to give everyone more time to join in and win exciting rewards!
๐ New Timeline: Nov 20 - Dec 5, 2024
๐ฅ Top 1: 3750 $W3KT
๐ Top 2-6: 1750 $W3KT/each
๐ Top 7-10: 750 $W3KT/each
๐ JOIN NOW ๐
๐ Complete mandatory tasks
๐ Increase your chances by inviting friends!
Donโt miss your chance to dive in and earn incredible prizes!
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