BREAKING NEWS: Blockchain Coordinated Attack on:
โ #Solana: Network was offline for 16 hours.
โ #Arbitrum: Layer2 ETH down.
โ #Ethereum: Nothing as corrupt blocks were rejected.
Conclusion: ETH is the King โ๏ธ
ETH killers, no comment. ๐
www.cointelegraph.com/news/solana-and-arbitrum-knocked-offline-while-ethereum-evades-attack
โ #Solana: Network was offline for 16 hours.
โ #Arbitrum: Layer2 ETH down.
โ #Ethereum: Nothing as corrupt blocks were rejected.
Conclusion: ETH is the King โ๏ธ
ETH killers, no comment. ๐
www.cointelegraph.com/news/solana-and-arbitrum-knocked-offline-while-ethereum-evades-attack
Cointelegraph
Solana and Arbitrum knocked offline, while Ethereum evades attack
Despite Arbitrum Oneโs sequencer going offline for 45 minutes, no user funds were at risk on the layer-two rollup network.
Power Crypto Club
๐ฉ#DIA (last news) is integrating with the #xDaiChain, to offer its #Oracle infrastructure in the #Ethereum compatible blockchain for fast and inexpensive transactions. (Rank #395) ๐ #DIABTC Take-Profit Targets: โซ๏ธ Buying Entry on 15/08: 430-460 Sat ๐น TP1:โฆ
๐
#DIAdata | Open-Source #Oracles for #Web3
โซ๏ธ#Platform #DeFi #NFT #Metaverse
โซ๏ธEcosystem: #Ethereum #Polkadot #Avalanche #Solana #Polygon #Fantom #Injective #Arbitrum #Celo #NearProtocol #BNBChain
โซ๏ธ#Platform #DeFi #NFT #Metaverse
โซ๏ธEcosystem: #Ethereum #Polkadot #Avalanche #Solana #Polygon #Fantom #Injective #Arbitrum #Celo #NearProtocol #BNBChain
โจLayer-1 & Layer-2 Blockchain Scaling Solutions
For blockchains to compete with legacy payments processors, they need to be able to process high volumes of transactions quickly, at a low cost.
โซ๏ธWhy is Scalability Important?
The main goal of scalability is to increase transaction speed (faster finality) and transaction throughput (higher transactions per second) without sacrificing decentralization or security.
โซ๏ธThere are 2 primary ways to achieve blockchain scalability: Layer-1 & Layer-2 Solutions. ๐๐
1๏ธโฃ LAYER-1
It's a network that acts as infrastructure for other applications, protocols, and networks to build on top of. A public decentralized layer-1 network's primary characteristic is its consensus mechanism.
๐น#Bitcoin
๐น#LItecoin
๐น#Algorand
๐น#Cardano
๐น#Hedera
๐น#Solana
๐น#Ethereum 2.0 is one high-profile blockchain protocol that is exploring shards, along with #Zilliqa, #Tezos, and #Qtum.
2๏ธโฃ LAYER-2
It refers to a secondary framework or protocol that is built on top of an existing blockchain system. The main goal of these protocols is to solve the transaction speed and scaling difficulties that are being faced by the major crypto networks.
๐น#Polygon
๐น#Arbitrum
๐น#Loopring
๐น#ImmutableX
๐น#xDaiChain
โซ๏ธLayer-1 vs Layer-2 Key Differences
The main difference between layer-1 vs layer-2 scalability solutions lies in their role and focus on the blockchain. ๐๐๐
๐ Layer-1 is here to improve the blockchain architecture, while layer-2 is here to build third-party networks on top of the main blockchain.
๐ Layer-1 can provide the most effective solution in large-scale protocol upgrades. However, using this method also means that the validator must be convinced to accept changes via a hard fork.
๐ Layer-2 provides a faster way to increase scalability. However, users can potentially lose the level of security of the original blockchain due to the use of third parties.
โซ๏ธConclusion
๐๐ปLayer-1 and layer-2 are just two sides of the same scaling solution. Therefore, they have a strategy designed to make the blockchain network faster and more accommodating for a rapidly growing user base.
๐๐ปThese strategies also do not outperform each other, and many blockchain networks are exploring combinations of layer-1 and layer-2 scaling solutions on blockchains to achieve increased scalability without compromising security or adequate decentralization.
For blockchains to compete with legacy payments processors, they need to be able to process high volumes of transactions quickly, at a low cost.
โซ๏ธWhy is Scalability Important?
The main goal of scalability is to increase transaction speed (faster finality) and transaction throughput (higher transactions per second) without sacrificing decentralization or security.
โซ๏ธThere are 2 primary ways to achieve blockchain scalability: Layer-1 & Layer-2 Solutions. ๐๐
1๏ธโฃ LAYER-1
It's a network that acts as infrastructure for other applications, protocols, and networks to build on top of. A public decentralized layer-1 network's primary characteristic is its consensus mechanism.
๐น#Bitcoin
๐น#LItecoin
๐น#Algorand
๐น#Cardano
๐น#Hedera
๐น#Solana
๐น#Ethereum 2.0 is one high-profile blockchain protocol that is exploring shards, along with #Zilliqa, #Tezos, and #Qtum.
2๏ธโฃ LAYER-2
It refers to a secondary framework or protocol that is built on top of an existing blockchain system. The main goal of these protocols is to solve the transaction speed and scaling difficulties that are being faced by the major crypto networks.
๐น#Polygon
๐น#Arbitrum
๐น#Loopring
๐น#ImmutableX
๐น#xDaiChain
โซ๏ธLayer-1 vs Layer-2 Key Differences
The main difference between layer-1 vs layer-2 scalability solutions lies in their role and focus on the blockchain. ๐๐๐
๐ Layer-1 is here to improve the blockchain architecture, while layer-2 is here to build third-party networks on top of the main blockchain.
๐ Layer-1 can provide the most effective solution in large-scale protocol upgrades. However, using this method also means that the validator must be convinced to accept changes via a hard fork.
๐ Layer-2 provides a faster way to increase scalability. However, users can potentially lose the level of security of the original blockchain due to the use of third parties.
โซ๏ธConclusion
๐๐ปLayer-1 and layer-2 are just two sides of the same scaling solution. Therefore, they have a strategy designed to make the blockchain network faster and more accommodating for a rapidly growing user base.
๐๐ปThese strategies also do not outperform each other, and many blockchain networks are exploring combinations of layer-1 and layer-2 scaling solutions on blockchains to achieve increased scalability without compromising security or adequate decentralization.
๐ Discover the Modern Blockchains! ๐
๐ Fascinating insights on blockchain classification, with the specificity of different types.
๐น Monolithic Blockchains #Bitcoin
๐น Monolithic Blockchains with parallel processing #Solana
๐น Multichain Protocols #Cosmos
๐น Sharded Blockchains #Harmony
๐น Modular Architectures #Polygon #Arbitrum #Radius
๐ Fascinating insights on blockchain classification, with the specificity of different types.
๐น Monolithic Blockchains #Bitcoin
๐น Monolithic Blockchains with parallel processing #Solana
๐น Multichain Protocols #Cosmos
๐น Sharded Blockchains #Harmony
๐น Modular Architectures #Polygon #Arbitrum #Radius
๐ฅ Ethereum Modular Ecosystem Map
๐ I tried to make it easy to understand so that you realize the relevance of this ecosystem map for your investments.
๐ A Modular Blockchain (#Ethereum #Celestia #ZkSync #Polygon #Arbitrum) manages Specific Tasks in-house and delegate others to specialized networks, instead of a Monolithic Blockchain (#Bitcoin #Cardano #Monero #Solana #BSC #Tron) which tries to manage All Tasks in a single base consensus layer and without relying on third-party blockchains.
๐ This table brings together most of all crypto hi-tech projects that will impact the future of blockchain infrastructures. No doubt that the majority of the biggest crypto nuggets can be found here.
Thx to @Victor_crypto_ for having created this ecosystem map.
๐ I tried to make it easy to understand so that you realize the relevance of this ecosystem map for your investments.
๐ A Modular Blockchain (#Ethereum #Celestia #ZkSync #Polygon #Arbitrum) manages Specific Tasks in-house and delegate others to specialized networks, instead of a Monolithic Blockchain (#Bitcoin #Cardano #Monero #Solana #BSC #Tron) which tries to manage All Tasks in a single base consensus layer and without relying on third-party blockchains.
๐ This table brings together most of all crypto hi-tech projects that will impact the future of blockchain infrastructures. No doubt that the majority of the biggest crypto nuggets can be found here.
Thx to @Victor_crypto_ for having created this ecosystem map.
๐ฅ Amazing 24-hour with Several Airdrops Announcements!
โ ๏ธ All links below are the "Official Page/Site from Airdrop" and all links have been carefully checked by myself.
๐ The $SAGA Airdrop Claims Page is LIVE!
http://claim.airdrop.saga.xyz
๐ $W Airdrop on #Wormhole for #Ethereum #Solana #Arbitrum #Optimism #Base
https://airdrop.wormhole.com
๐ $AARK Airdrop Event MOON FESTIVAL
https://app.aark.digital/moon_festival
๐ $AIG Another Confirmed Airdrop for $DYM Stakers!
More info: https://forum.dymension.xyz/
๐ $ELYS Airdrop to $ATOM Stakers
Waitlist for the Elys Web App!
https://tally.so/r/mVQBev
๐ Diligence Dao App
Enter #EVM #Solana #Aptos #Inj #Osmosis addresses to check your egibility to a dozen of Airdrop.
One address per line / I added 37 token addresses
https://checker.diligencedao.com/
๐ซ Beware of Fake Airdrop messages especially on "X" cos there are now a lot of scammers. So thinking twice before to connect your wallet to a page.
โ ๏ธ All links below are the "Official Page/Site from Airdrop" and all links have been carefully checked by myself.
๐ The $SAGA Airdrop Claims Page is LIVE!
http://claim.airdrop.saga.xyz
๐ $W Airdrop on #Wormhole for #Ethereum #Solana #Arbitrum #Optimism #Base
https://airdrop.wormhole.com
๐ $AARK Airdrop Event MOON FESTIVAL
https://app.aark.digital/moon_festival
๐ $AIG Another Confirmed Airdrop for $DYM Stakers!
More info: https://forum.dymension.xyz/
๐ $ELYS Airdrop to $ATOM Stakers
Waitlist for the Elys Web App!
https://tally.so/r/mVQBev
๐ Diligence Dao App
Enter #EVM #Solana #Aptos #Inj #Osmosis addresses to check your egibility to a dozen of Airdrop.
One address per line / I added 37 token addresses
https://checker.diligencedao.com/
๐ซ Beware of Fake Airdrop messages especially on "X" cos there are now a lot of scammers. So thinking twice before to connect your wallet to a page.
๐ Cross-Chain Bridges
Before you shout about exorbitant gas fees on the Ethereum chain, D.Y.O.R. among Cross-Chain Bridges to transfer your assets from one blockchain to another, at less gas fees.
Here is an example where I withdrew some $USDT on 10% staking from #Binance, using the #Arbitrum network (gas fees 0.5 $USDT per transfer) for sending $USDT to my #MetaMask wallet, on #Arbitrum Chain (no fees when credited)
To cross $USDT on #Arbitrum Chain to buy $JUNO on #JUNO Chain, I used Squid Bridge that will manage this transaction. I just have to order the amount of $JUNO to purchase, and then it will be sent directly to my own $JUNO Address on #Osmosis.
The gas fees are ridiculously low, and since I received an extra $0.5 $JUNO credited, that means no gas fees here (and of course no trading fees like in any CEX).
Recap: (start) $USDT > Binance > Arbitrum > MetaMask > Squid (Arbitrum > Axelar > Osmosis) > $JUNO (end)
Before you shout about exorbitant gas fees on the Ethereum chain, D.Y.O.R. among Cross-Chain Bridges to transfer your assets from one blockchain to another, at less gas fees.
Here is an example where I withdrew some $USDT on 10% staking from #Binance, using the #Arbitrum network (gas fees 0.5 $USDT per transfer) for sending $USDT to my #MetaMask wallet, on #Arbitrum Chain (no fees when credited)
To cross $USDT on #Arbitrum Chain to buy $JUNO on #JUNO Chain, I used Squid Bridge that will manage this transaction. I just have to order the amount of $JUNO to purchase, and then it will be sent directly to my own $JUNO Address on #Osmosis.
The gas fees are ridiculously low, and since I received an extra $0.5 $JUNO credited, that means no gas fees here (and of course no trading fees like in any CEX).
Recap: (start) $USDT > Binance > Arbitrum > MetaMask > Squid (Arbitrum > Axelar > Osmosis) > $JUNO (end)
Power Crypto Club
๐ฅ Ethereum Modular Ecosystem Map ๐ I tried to make it easy to understand so that you realize the relevance of this ecosystem map for your investments. ๐ A Modular Blockchain (#Ethereum #Celestia #ZkSync #Polygon #Arbitrum) manages Specific Tasks in-houseโฆ
โ
News from the Celestia Modular Ecosystem:
๐น#RariChain, #HamOnWarpcast and #LightLinkChain launch w/ #Celestia underneath
๐น#Arbitrum Orbit integration w/ #Celestia via #Blobstream
๐น#RariChain, #HamOnWarpcast and #LightLinkChain launch w/ #Celestia underneath
๐น#Arbitrum Orbit integration w/ #Celestia via #Blobstream
โ
#deBridge: A Matter of Minutes...
Damn, for once I arrive at the very start of a #DeFi campaign (after hours of DYOR to secure a new wallet for my #Arbitrum), I read their blogs, sites, social media, I do all the tests, I recheck the process to transfer the funds requested, and then when everything seems ready to launch the procedure... I finally miss this first special round for a matter of minutes! ๐ฑ
#DeFi #Bitkub #Arbitrum #Metamask #deBridge #ARBhorizon #Airdrop
Damn, for once I arrive at the very start of a #DeFi campaign (after hours of DYOR to secure a new wallet for my #Arbitrum), I read their blogs, sites, social media, I do all the tests, I recheck the process to transfer the funds requested, and then when everything seems ready to launch the procedure... I finally miss this first special round for a matter of minutes! ๐ฑ
#DeFi #Bitkub #Arbitrum #Metamask #deBridge #ARBhorizon #Airdrop
Forwarded from Power VIP-Signals (ABKK)
โ ๏ธ I prepared this note on #Arbitrum last week and completely forgot to share it. So here it is! I haven't updated anything.
โ #Arbitrum, The Future of Ethereum! (part 1/2)
Ranked #40 by MC @ 2.65 USD
#Arbitrum is Layer-2 scaling solution for #Ethereum to improve the scalability & reduce the transaction fees of #ETH blockchain. Created by Offchain Labs (2018), their $ARB native token was launched on March-2023, distributing 13% of the total supply to ppl eligible.
Activity by Total Number of Transactions (over past month)
1๏ธโฃ #Base: 6.77M
2๏ธโฃ #Arbitrum: 64.68M ๐
3๏ธโฃ #Linea: 20.72M
Value Locked from Jun-2023 till Jun-2024
1๏ธโฃ #Arbitrum: $17.99B ๐
2๏ธโฃ #Base: $6.63B
3๏ธโฃ #OP_Mainnet: $6.98B
๐ Source: https://l2beat.com/scaling/tvl
Over 400 Ethereum projects have already deployed on #Arbitrum with heavy hitters like #Uniswap #Chainlink #Maker #Aave #USDC
โ #Arbitrum, The Future of Ethereum! (part 1/2)
Ranked #40 by MC @ 2.65 USD
#Arbitrum is Layer-2 scaling solution for #Ethereum to improve the scalability & reduce the transaction fees of #ETH blockchain. Created by Offchain Labs (2018), their $ARB native token was launched on March-2023, distributing 13% of the total supply to ppl eligible.
Activity by Total Number of Transactions (over past month)
1๏ธโฃ #Base: 6.77M
2๏ธโฃ #Arbitrum: 64.68M ๐
3๏ธโฃ #Linea: 20.72M
Value Locked from Jun-2023 till Jun-2024
1๏ธโฃ #Arbitrum: $17.99B ๐
2๏ธโฃ #Base: $6.63B
3๏ธโฃ #OP_Mainnet: $6.98B
๐ Source: https://l2beat.com/scaling/tvl
Over 400 Ethereum projects have already deployed on #Arbitrum with heavy hitters like #Uniswap #Chainlink #Maker #Aave #USDC