🥇 13 years ago, the price of bitcoin collapsed from a high of $30 to $2.95.

The media called this drop the "Great Bubble of 2011". Since then, the bitcoin price has increased more than 20,000 times.

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Crypto Speak: Merkle Roots

In the blockchain realm, ensuring transaction integrity and security is crucial. Enter Merkle roots—a cryptographic hash that acts like a digital fingerprint for a set of data, such as a block of transactions. Named after Ralph Merkle, who patented the concept in 1979, Merkle roots enhance data integrity by dividing data into smaller chunks, hashing each one, and then pairing and hashing them repeatedly until only a single hash remains.

Think of it as a digital DNA sample. Any alteration in the block data changes the corresponding leaf hash, which then propagates up the tree, modifying the Merkle root. By comparing the expected Merkle root with the actual one, any data tampering can be swiftly detected.

Merkle roots are vital in various blockchain applications like Bitcoin, Ethereum, and ZK-SNARKs for verifying the integrity of blocks and transactions efficiently. For instance, in Bitcoin, the Merkle root in the block header links to the previous and next blocks, facilitating easy transaction validation and security.

In essence, Merkle roots are a powerful tool for maintaining data integrity and enabling efficient verification in blockchain systems, making them indispensable to the blockchain ecosystem.

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Take a Look: Why TON Is Surging While the Crypto Market Slumps

Although the general crypto market is still down, there has been a tremendous upsurge in the Open Network (TON) native token.

•TON’s transaction volume reaches $10 billion daily, highlighting its growing popularity and impressive growth.

•TON token holders increase from 2.9 million to 32 million, showcasing exponential growth.

With a market cap of more than $2.45 billion,Ton is now ranked ninth out of all cryptocurrencies.

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There are $12B in #Bitcoin  shorts that are waiting to be liquidated.

This is Omega fuel.

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❔ What is volatility?

Simply put, volatility is the up-and-down “jumps” of an asset; it is a measure of how much the price of a cryptocurrency changes in a short period of time.

In cryptocurrencies, volatility is particularly high, which means sudden and frequent price changes. This can be both an opportunity for high profits and a risk of loss.

It is important to always take this factor into account; however, you’ve probably already realized that.

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After the assassination attempt on Donald Trump, the bet on Polymarket that he will win the election rose to 70%

Memcoins MAGA and TREMP also rose significantly in value.

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What is play-to-earn, and what do I need to know about it?

The blockchain industry has had a profound influence on many aspects of our lives over the past few years. In the gaming sector, blockchain technology introduced a brand-new form of entertainment.

Gamers will be familiar with a modern concept of gaming, called pay-to-play, which means you have to buy the game to play. However, blockchain made possible a new gaming model called play-to-earn (P2E), where gamers can earn crypto or NFTs by playing the game.

Although the idea sounds promising on paper, the reality is that it isn’t simple or easy to earn significant sums from P2E games. Many projects require large up-front costs, others are aggressive and unfair with their tokenomics, and some are outright scammers.

Want to see what a P2E game looks like, without coughing up money? We’ve put together a list of free P2E games that don’t require money down to start playing, giving you a chance to start earning right from the get-go.

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🚨 Update: WazirX hacker funnels $149M of $SHIB, $MATIC other altcoins into $ETH

Blockchain security firms say bad actors typically move altcoins into Ether to prepare for laundering, as the native token has no built-in means to get frozen.

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What happens if mining becomes unprofitable and all miners leave Bitcoin?

This is a popular question!

If miners start leaving Bitcoin all together, the difficulty of mining will decrease. This means that it will be easier for the remaining miners to mine Bitcoin, which in turn will bring new miners to the blockchain.

Thus, the system is self-regulating, and it is very unlikely that the Bitcoin network will suddenly collapse due to a miner exodus.

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Random Bitcoin fact: Bitcoin is a deflationary asset.

It's total supply is capped at 21 million coins, making it deflationary as the supply cannot be inflated beyond the predetermined limit. This scarcity implies that over time, the value of Bitcoin is expected to increase due to limited supply and growing demand, making it a store of value similar to gold.

However, this nature also incentivizes users to hold on to their coins rather than spend them, potentially impacting economic activity.

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📈 JUST IN: Crypto.com surpasses Coinbase in trading volume as institutional demand grows

The trading volume was largely boosted by new TradFi institutions, along with the launch of the first spot Ether ETFs.

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