What is Snapshot ?
Traditionally, the term snapshot refers to the ability to record the state of a computer system or storage device at a specific point in time. In cryptocurrencies, a snapshot is often describing the act of recording the state of a blockchain on a particular block height. In this case, the snapshot records the contents of the entire blockchain ledger, which includes all existing addresses and their associated data (transactions, fees, balance, metadata, and so on).
Snapshots are commonly used during airdrops events before each round takes place. During an airdrop, tokens are distributed based on the balance of each blockchain address. In this case, snapshots are taken to record the balance of each token holder, at a specific point in time (i.e., block height). In most cases, users can move their funds after the snapshot is taken, without compromising their eligibility to participate in that round of distribution.
Snapshots are also important during blockchain hard forks, as they mark the block height in which the main chain will be recorded before giving birth to the new chain. For instance, when the Bitcoin Cash hard fork took place (on August 1st, 2017), every blockchain address that had Bitcoins at block 478,558, had the balance copied on the Bitcoin Cash blockchain. The reason for that is because both blockchains share the same historical data prior to the fork. As soon as the split is done, each blockchain network will operate independently.
Traditionally, the term snapshot refers to the ability to record the state of a computer system or storage device at a specific point in time. In cryptocurrencies, a snapshot is often describing the act of recording the state of a blockchain on a particular block height. In this case, the snapshot records the contents of the entire blockchain ledger, which includes all existing addresses and their associated data (transactions, fees, balance, metadata, and so on).
Snapshots are commonly used during airdrops events before each round takes place. During an airdrop, tokens are distributed based on the balance of each blockchain address. In this case, snapshots are taken to record the balance of each token holder, at a specific point in time (i.e., block height). In most cases, users can move their funds after the snapshot is taken, without compromising their eligibility to participate in that round of distribution.
Snapshots are also important during blockchain hard forks, as they mark the block height in which the main chain will be recorded before giving birth to the new chain. For instance, when the Bitcoin Cash hard fork took place (on August 1st, 2017), every blockchain address that had Bitcoins at block 478,558, had the balance copied on the Bitcoin Cash blockchain. The reason for that is because both blockchains share the same historical data prior to the fork. As soon as the split is done, each blockchain network will operate independently.
❤1
5 market research tools you need to know
The key to success for any business is good market research. Business owners and marketers need to understand the competition, stay on top of industry trends, and adapt quickly as markets shift.
It's no longer necessary to order expensive studies from agencies. You can get the info you need independently with effective solutions. Here are some of them:
⚙️ Craft lets you review how a particular competitor has grown and gained market share. You can study their growth over time, social presence, brand trends, market positioning, and the latest company news.
⚙️ Social Searcher shows you emerging trends and topics that matter in your market. You can find keywords, content, mentions, users, and trends across social media networks. The tool also specifies what information you want with filters.
⚙️ Owletter tracks competitor email marketing efforts. It captures all emails from a specific website, uses artificial intelligence to analyze them, and alerts you of anything important you should know about. You can spot trends, track seasonality, and understand target audiences.
⚙️ Competeshark monitors changes to a competitor’s website in real-time. It visits your designated competitors’ websites and notifies you of changes like content updates, layout changes, or new promotions.
⚙️ Market Explorer shows the levels of market competition, market shares among competitors, and market size. It also compiles a list of the corresponding industry players. They’re separated into four categories — niche players, established players, game changers, and leaders.
❓ What tools do you use in your business?
The key to success for any business is good market research. Business owners and marketers need to understand the competition, stay on top of industry trends, and adapt quickly as markets shift.
It's no longer necessary to order expensive studies from agencies. You can get the info you need independently with effective solutions. Here are some of them:
⚙️ Craft lets you review how a particular competitor has grown and gained market share. You can study their growth over time, social presence, brand trends, market positioning, and the latest company news.
⚙️ Social Searcher shows you emerging trends and topics that matter in your market. You can find keywords, content, mentions, users, and trends across social media networks. The tool also specifies what information you want with filters.
⚙️ Owletter tracks competitor email marketing efforts. It captures all emails from a specific website, uses artificial intelligence to analyze them, and alerts you of anything important you should know about. You can spot trends, track seasonality, and understand target audiences.
⚙️ Competeshark monitors changes to a competitor’s website in real-time. It visits your designated competitors’ websites and notifies you of changes like content updates, layout changes, or new promotions.
⚙️ Market Explorer shows the levels of market competition, market shares among competitors, and market size. It also compiles a list of the corresponding industry players. They’re separated into four categories — niche players, established players, game changers, and leaders.
❓ What tools do you use in your business?
Decentralized Physical Infrastructure Networks (DePINs) – Part 1
As blockchain technology reshapes the digital landscape, its influence is extending into the physical world through Decentralized Physical Infrastructure Networks (DePINs). These networks bring a new level of fairness and inclusivity by integrating blockchain with physical infrastructure, offering an alternative to centralized models like Swiggy, where control is in the hands of a single authority.
DePINs represent the next frontier in decentralization, applying the principles of blockchain to physical infrastructure. They leverage smart contracts and the Internet of Things (IoT) to enable autonomous, real-time interactions, enhancing the efficiency, security, and transparency of systems like renewable energy grids and supply chains.
By distributing management across a decentralized blockchain network, DePINs eliminate the need for a central authority. These networks are already being applied in various domains, such as Energy Trading and Supply Chain Management
DePINs not only support sustainable practices, like promoting renewable energy, but also reduce dependency on large, centralized facilities. They fall into several major categories, including:
1. Cloud Storage Networks: Facilitating decentralized content delivery and VPNs.
2. Wireless Networks: Enabling the rollout of decentralized 5G technology.
3. Sensor Networks: Gathering real-time data from various sources.
4. Energy Networks: Enhancing the efficiency and reach of decentralized energy grids.
DePINs are revolutionizing how we manage physical infrastructure, offering a sustainable and decentralized alternative to traditional systems. Stay tuned for Part 2!
As blockchain technology reshapes the digital landscape, its influence is extending into the physical world through Decentralized Physical Infrastructure Networks (DePINs). These networks bring a new level of fairness and inclusivity by integrating blockchain with physical infrastructure, offering an alternative to centralized models like Swiggy, where control is in the hands of a single authority.
DePINs represent the next frontier in decentralization, applying the principles of blockchain to physical infrastructure. They leverage smart contracts and the Internet of Things (IoT) to enable autonomous, real-time interactions, enhancing the efficiency, security, and transparency of systems like renewable energy grids and supply chains.
By distributing management across a decentralized blockchain network, DePINs eliminate the need for a central authority. These networks are already being applied in various domains, such as Energy Trading and Supply Chain Management
DePINs not only support sustainable practices, like promoting renewable energy, but also reduce dependency on large, centralized facilities. They fall into several major categories, including:
1. Cloud Storage Networks: Facilitating decentralized content delivery and VPNs.
2. Wireless Networks: Enabling the rollout of decentralized 5G technology.
3. Sensor Networks: Gathering real-time data from various sources.
4. Energy Networks: Enhancing the efficiency and reach of decentralized energy grids.
DePINs are revolutionizing how we manage physical infrastructure, offering a sustainable and decentralized alternative to traditional systems. Stay tuned for Part 2!
Forwarded from Crypto city
#BTC formed a falling wedge pattern and over the major support zone, moving back and forth to it. Good part is price gave a breakout and inside of the zone. A weekly closing is needed to have some clarity in the market.
Durov received about $45,000 in donations via stars under his latest post 💫💵
While it’s not enough to cover his bail, it could help with renting a place in Paris for the time being. 😉
Yesterday, Durov made his first post since his detention, thanking everyone for their "love and memes." ❤️🐶
He also described the charges against him as absurd, noting that Telegram actively moderates content and that France has a dedicated representative to handle government requests. 🤔
⚖️ Previously, the court barred Durov from leaving France for six months, until March 2025, and set his bail at five million euros. 💰
The amount can be paid in installments: one million upfront, with the remaining four million spread over five monthly payments.
While it’s not enough to cover his bail, it could help with renting a place in Paris for the time being. 😉
Yesterday, Durov made his first post since his detention, thanking everyone for their "love and memes." ❤️🐶
He also described the charges against him as absurd, noting that Telegram actively moderates content and that France has a dedicated representative to handle government requests. 🤔
⚖️ Previously, the court barred Durov from leaving France for six months, until March 2025, and set his bail at five million euros. 💰
The amount can be paid in installments: one million upfront, with the remaining four million spread over five monthly payments.
The Bitcoin supply held in the 3-6 month age band has seen a surge in loss-taking since July, with the capitulation's magnitude resembling past market inflection points. However, the remaining supply in this age band is nearing Long-Term Holder status, indicating decreasing sell pressure and a potential market turning point.
AUDUSD, 30-minute timeframe chart
AUDUSD retested the resistance level of 0.66700
👉Level explanation
AUDUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 0.66700.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 0.66700.
Set your stop loss at 0.66850 above the previous high ($1.50 loss for 0.01 lot) and take profit at 0.66450 ($2.50 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.67.
The upcoming news will not influence your orders within the mentioned period.
AUDUSD retested the resistance level of 0.66700
👉Level explanation
AUDUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 0.66700.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 0.66700.
Set your stop loss at 0.66850 above the previous high ($1.50 loss for 0.01 lot) and take profit at 0.66450 ($2.50 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.67.
The upcoming news will not influence your orders within the mentioned period.
Inflation in cryptocurrencies
In the crypto world, just as in the real world, there is inflation, an asset depreciating over time.
Inflation in cryptocurrencies occurs when too many new coins are issued.
A clear example is the cryptocurrency Dogecoin (DOGE). Dogecoin has no limit on the number of coins that can be issued, and up to 5.2 billion new DOGE can be created each year. Similarly, when new dollars are printed, Dogecoin depreciates slightly each year.
Bitcoin, on the other hand, is not subject to inflation; since the total number of Bitcoin can never exceed 21 million, the coin is protected from depreciation.
But frankly speaking, investors barely pay attention to this. Since crypto is very volatile, this 2%–3%–4% annual inflation has almost no effect on anything.
However, if you come across a coin with suspicious tokenomics—e.g., they’ve made it possible to issue an unlimited number of tokens during any period—this should definitely be taken into account when making investment decisions.
In the crypto world, just as in the real world, there is inflation, an asset depreciating over time.
Inflation in cryptocurrencies occurs when too many new coins are issued.
A clear example is the cryptocurrency Dogecoin (DOGE). Dogecoin has no limit on the number of coins that can be issued, and up to 5.2 billion new DOGE can be created each year. Similarly, when new dollars are printed, Dogecoin depreciates slightly each year.
Bitcoin, on the other hand, is not subject to inflation; since the total number of Bitcoin can never exceed 21 million, the coin is protected from depreciation.
But frankly speaking, investors barely pay attention to this. Since crypto is very volatile, this 2%–3%–4% annual inflation has almost no effect on anything.
However, if you come across a coin with suspicious tokenomics—e.g., they’ve made it possible to issue an unlimited number of tokens during any period—this should definitely be taken into account when making investment decisions.
👍1
#BTC doesn't moved alot still attempting the break of the Major Resistance Area. Buyers standing strong and we can see that in on chain data as well.
#Bitcoin trying to push towards the $60,000 level and already trading with the major resistance zone. A small consoldiation was created which broked successfully. Now, we need to see a Daily Candle closure over $60,000 and H4, closing will be the early indication.
Investors' Confidence In German Economy Plummets After A Wave Of Bad News
In September, the index of investor confidence (ZEW) in the German economy fell to its lowest level since October 2023 and amounted to 3.6 points. At the same time, in August ZEW was at 19.2 points. While the decline in economic expectations in the eurozone indicates an overall increase in pessimistic sentiment, the decline in expectations for the German economy is significantly higher
The outlook for Europe's largest economy worsened after output contracted unexpectedly in the second quarter of 2024 amid weak industrial performance. In addition, Germany's economic outlook has been hit by a spate of bad news over the past few weeks.
Thus, the large German automaker Volkswagen plans to announce the closure of 2-3 factories in the country and lay off up to 15,000 employees. Another car maker BMW cut its profit forecast for 2024 due to the recall of 1.5 million cars due to identified faults in the brake system.
In September, the index of investor confidence (ZEW) in the German economy fell to its lowest level since October 2023 and amounted to 3.6 points. At the same time, in August ZEW was at 19.2 points. While the decline in economic expectations in the eurozone indicates an overall increase in pessimistic sentiment, the decline in expectations for the German economy is significantly higher
The outlook for Europe's largest economy worsened after output contracted unexpectedly in the second quarter of 2024 amid weak industrial performance. In addition, Germany's economic outlook has been hit by a spate of bad news over the past few weeks.
Thus, the large German automaker Volkswagen plans to announce the closure of 2-3 factories in the country and lay off up to 15,000 employees. Another car maker BMW cut its profit forecast for 2024 due to the recall of 1.5 million cars due to identified faults in the brake system.
Decentralized Physical Infrastructure Networks (DePINs) – Part 1
As blockchain technology reshapes the digital landscape, its influence is extending into the physical world through Decentralized Physical Infrastructure Networks (DePINs). These networks bring a new level of fairness and inclusivity by integrating blockchain with physical infrastructure, offering an alternative to centralized models like Swiggy, where control is in the hands of a single authority.
DePINs represent the next frontier in decentralization, applying the principles of blockchain to physical infrastructure. They leverage smart contracts and the Internet of Things (IoT) to enable autonomous, real-time interactions, enhancing the efficiency, security, and transparency of systems like renewable energy grids and supply chains.
By distributing management across a decentralized blockchain network, DePINs eliminate the need for a central authority. These networks are already being applied in various domains, such as Energy Trading and Supply Chain Management
DePINs not only support sustainable practices, like promoting renewable energy, but also reduce dependency on large, centralized facilities. They fall into several major categories, including:
1. Cloud Storage Networks: Facilitating decentralized content delivery and VPNs.
2. Wireless Networks: Enabling the rollout of decentralized 5G technology.
3. Sensor Networks: Gathering real-time data from various sources.
4. Energy Networks: Enhancing the efficiency and reach of decentralized energy grids.
DePINs are revolutionizing how we manage physical infrastructure, offering a sustainable and decentralized alternative to traditional systems. Stay tuned for Part 2!
As blockchain technology reshapes the digital landscape, its influence is extending into the physical world through Decentralized Physical Infrastructure Networks (DePINs). These networks bring a new level of fairness and inclusivity by integrating blockchain with physical infrastructure, offering an alternative to centralized models like Swiggy, where control is in the hands of a single authority.
DePINs represent the next frontier in decentralization, applying the principles of blockchain to physical infrastructure. They leverage smart contracts and the Internet of Things (IoT) to enable autonomous, real-time interactions, enhancing the efficiency, security, and transparency of systems like renewable energy grids and supply chains.
By distributing management across a decentralized blockchain network, DePINs eliminate the need for a central authority. These networks are already being applied in various domains, such as Energy Trading and Supply Chain Management
DePINs not only support sustainable practices, like promoting renewable energy, but also reduce dependency on large, centralized facilities. They fall into several major categories, including:
1. Cloud Storage Networks: Facilitating decentralized content delivery and VPNs.
2. Wireless Networks: Enabling the rollout of decentralized 5G technology.
3. Sensor Networks: Gathering real-time data from various sources.
4. Energy Networks: Enhancing the efficiency and reach of decentralized energy grids.
DePINs are revolutionizing how we manage physical infrastructure, offering a sustainable and decentralized alternative to traditional systems. Stay tuned for Part 2!
NEW: 🟠 Metaplanet CEO shares how much Bitcoin per share their company has held over time 👀
"Proud to share our #Bitcoin per share (in satoshis). Each bar represents our Bitcoin holdings per share, showing a steady increase since our adoption of the Bitcoin standard. Our goal is to keep growing our BTC per share for long-term shareholder value Metaplanet."
- Simon Gerovich
"Proud to share our #Bitcoin per share (in satoshis). Each bar represents our Bitcoin holdings per share, showing a steady increase since our adoption of the Bitcoin standard. Our goal is to keep growing our BTC per share for long-term shareholder value Metaplanet."
- Simon Gerovich
#BTC standing strong and kept on getting rejection from strong resistance. Price again back inside the consoldiation range making it a fakeout now. Now only the daily candle closing can give more clarity.
Bitcoin's Coinbase premium hit a 39-day high as the price reclaimed $63K. The Coinbase Premium Index, which measures the gap between $BTC prices on Coinbase Pro vs Binance, reached 0.0114 - its highest since July 15. This suggests increased US investor demand.
The surge in demand followed Fed Chair Jerome Powell's speech at Jackson Hole, where he indicated that interest rate cuts were likely, though no specific timeline was given.
Do you think $BTC will surge further this coming week?
👍 Yes
👎 No
The surge in demand followed Fed Chair Jerome Powell's speech at Jackson Hole, where he indicated that interest rate cuts were likely, though no specific timeline was given.
Do you think $BTC will surge further this coming week?
👍 Yes
👎 No
👍2