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.
โ
Quick Newsโผ๏ธ
โซ๏ธ๐บ๐ธ The #SEC has launched an investigation into #Coinbaseโs staking programs.
โซ๏ธFormer #JPMorgan employees Michael Nowak & Gregg Smith found guilty of market manipulation.
โซ๏ธThe number of #DApps built on the #Polygon network has surpassed 37,000.
โซ๏ธ#Polygon partners with #Neowiz to launch a Web3 blockchain gaming platform, #IntellaX.
โซ๏ธ#Ripple is interested in acquiring bankrupt #CelsiusNetwork assets.
โซ๏ธ#Hotbit crypto exchange to suspend trading, deposits, and withdrawals after senior managers were subpoenaed for allegedly violating criminal laws.
โซ๏ธ#CurveFinance has been hacked with $573,000 stolen so far.
โซ๏ธ๐ฆ๐ช UAE-based retail store #DayToDay will accept #Bitcoin and other cryptos as payment methods.
โซ๏ธVitalik Buterin was just 19 years old when he wrote the #Ethereum whitepaper.
โซ๏ธ๐บ๐ธ The #SEC has launched an investigation into #Coinbaseโs staking programs.
โซ๏ธFormer #JPMorgan employees Michael Nowak & Gregg Smith found guilty of market manipulation.
โซ๏ธThe number of #DApps built on the #Polygon network has surpassed 37,000.
โซ๏ธ#Polygon partners with #Neowiz to launch a Web3 blockchain gaming platform, #IntellaX.
โซ๏ธ#Ripple is interested in acquiring bankrupt #CelsiusNetwork assets.
โซ๏ธ#Hotbit crypto exchange to suspend trading, deposits, and withdrawals after senior managers were subpoenaed for allegedly violating criminal laws.
โซ๏ธ#CurveFinance has been hacked with $573,000 stolen so far.
โซ๏ธ๐ฆ๐ช UAE-based retail store #DayToDay will accept #Bitcoin and other cryptos as payment methods.
โซ๏ธVitalik Buterin was just 19 years old when he wrote the #Ethereum whitepaper.
โก๏ธ#Polygon $MATIC Goes Greenโผ๏ธ
๐ $MATIC should also attempt a second breakout to get out of its range, which would justify positive recent news ๐๐ป๐๐ป๐๐ป
โ $MATIC ๐๐ฅ๐๐๐๐๐ก๐: Despite the bear market outlook for 2022, Polygon's NFT OpenSea Volume has achieved a new record in sales,reaching $324 million.This surpasses previous record set in 2021.
โ 500 Biggest Ethereum Whales have $MATIC in their Top 10 Purchased List. Todayโs stats of the top 100 Ethereum whales include $MATIC, with the coin being their 5th most purchased token in the last 24 hours.
๐ $MATIC should also attempt a second breakout to get out of its range, which would justify positive recent news ๐๐ป๐๐ป๐๐ป
โ $MATIC ๐๐ฅ๐๐๐๐๐ก๐: Despite the bear market outlook for 2022, Polygon's NFT OpenSea Volume has achieved a new record in sales,reaching $324 million.This surpasses previous record set in 2021.
โ 500 Biggest Ethereum Whales have $MATIC in their Top 10 Purchased List. Todayโs stats of the top 100 Ethereum whales include $MATIC, with the coin being their 5th most purchased token in the last 24 hours.
Power Crypto Club
๐ #Polygon Network & $MATIC Token
โก๏ธ$MATIC Only 100% from its ATH
๐ #MATICEUR retests its broken resistance of 525 days to turn it into support which could be a potential interesting buy entry point, after rebound from there...
๐ #Polygon could be the first Top20 crypto (ranked $8) to hit a new ATH which is only 125% up, at $2.92
๐ Tokenization Supply:
๐นMax Supply: 10,000,000,000
๐นTotal Supply: 10,000,000,000
๐นCirculating Supply: 8,734,317,475 (87%)
๐นMarket Cap: $11,787,887,332
๐นFully Diluted MC $13,488,323,685
๐ Tokens Distribution:
๐นTeam: 16% of total supply
๐นAdvisors: 4% of total supply
๐นNetwork Operations: 12%
๐นFoundation: 21.86%
๐นEcosystem: 23.33%
๐ #MATICEUR retests its broken resistance of 525 days to turn it into support which could be a potential interesting buy entry point, after rebound from there...
๐ #Polygon could be the first Top20 crypto (ranked $8) to hit a new ATH which is only 125% up, at $2.92
๐ Tokenization Supply:
๐นMax Supply: 10,000,000,000
๐นTotal Supply: 10,000,000,000
๐นCirculating Supply: 8,734,317,475 (87%)
๐นMarket Cap: $11,787,887,332
๐นFully Diluted MC $13,488,323,685
๐ Tokens Distribution:
๐นTeam: 16% of total supply
๐นAdvisors: 4% of total supply
๐นNetwork Operations: 12%
๐นFoundation: 21.86%
๐นEcosystem: 23.33%
โ
CRYPYO BREAKING NEWS: The Last of Finance's Biggest Cunning Dinosaurs Has Finally Spoken, and it Was Worth the Wait!
๐น2018 - Warren Buffett has always been a crypto skeptic and even called #Bitcoin "the rat's death squared".๐ก
๐น2021 - Warren Buffett acquired 30 million #Nubank shares for $500 million when the latter went public, clearly show the desire to increase his exposure to #Fintech, while reducing his stake in more 'traditional' financial firms.๐ง
๐น2023 - Warren Buffett backed #Nubank, a Brazil-based #neobank that announced the launch of its own crypto #Nucoin, the token of which will be issued on top of #Polygon network and airdropped to the institution's end users, with 80% of the total emission being directed towards the customers.๐
๐ The moral being: Don't do what billionaires investor tell you to do... Do What They Doโ๏ธ
@Alainbkk 4-Mar-23
๐น2018 - Warren Buffett has always been a crypto skeptic and even called #Bitcoin "the rat's death squared".๐ก
๐น2021 - Warren Buffett acquired 30 million #Nubank shares for $500 million when the latter went public, clearly show the desire to increase his exposure to #Fintech, while reducing his stake in more 'traditional' financial firms.๐ง
๐น2023 - Warren Buffett backed #Nubank, a Brazil-based #neobank that announced the launch of its own crypto #Nucoin, the token of which will be issued on top of #Polygon network and airdropped to the institution's end users, with 80% of the total emission being directed towards the customers.๐
๐ The moral being: Don't do what billionaires investor tell you to do... Do What They Doโ๏ธ
@Alainbkk 4-Mar-23
Forwarded from Power VIP-Signals (ABKK)
๐ฉAsset: #Polygon $MATIC
๐ฉTrade: #MATICUSD (long term)
๐ Ranked #14 in market capitalization with $7.7 billion, and 96% of its total token supply in circulation, it's only a matter of time for #Polygon to join the Top10. Like $ATOM, we'll wait for #MATIC to exit its range before targeting ATH which is currently at +260%.
โก๏ธ Buy Entry: $0.6-0.8
๐ฐ Take-Profit Targets:
1๏ธโฃ $1.00
โ๏ธ Breakout Range @ $1.10
2๏ธโฃ $1.50
3๏ธโฃ $2.20 (below 61.8%)
4๏ธโฃ $2.80
โ๏ธ ATH @ $2.92
5๏ธโฃ $5.00 (Fib ext. 161.8%)
โ๏ธ Stop-Loss to be placed under the last lowest.
____________
TA from 18-Jan created on TradingView by @PowerCryptoClub
๐ฉTrade: #MATICUSD (long term)
๐ Ranked #14 in market capitalization with $7.7 billion, and 96% of its total token supply in circulation, it's only a matter of time for #Polygon to join the Top10. Like $ATOM, we'll wait for #MATIC to exit its range before targeting ATH which is currently at +260%.
โก๏ธ Buy Entry: $0.6-0.8
๐ฐ Take-Profit Targets:
1๏ธโฃ $1.00
โ๏ธ Breakout Range @ $1.10
2๏ธโฃ $1.50
3๏ธโฃ $2.20 (below 61.8%)
4๏ธโฃ $2.80
โ๏ธ ATH @ $2.92
5๏ธโฃ $5.00 (Fib ext. 161.8%)
โ๏ธ Stop-Loss to be placed under the last lowest.
____________
TA from 18-Jan created on TradingView by @PowerCryptoClub
Forwarded from Power VIP-Signals (ABKK)
๐ฉAsset: #Polygon $MATIC
๐ฉTrade: #MATICUSD (long term)
๐ Ranked #14 in market capitalization with $7.7 billion, and 96% of its total token supply in circulation, it's only a matter of time for #Polygon to join the Top10. Like $ATOM, we'll wait for #MATIC to exit its range before targeting ATH which is currently at +260%.
โก๏ธ Buy Entry: $0.6-0.8
๐ฐ Take-Profit Targets:
1๏ธโฃ $1.00
โ๏ธ Breakout Range @ $1.10
2๏ธโฃ $1.50
3๏ธโฃ $2.20 (below 61.8%)
4๏ธโฃ $2.80
โ๏ธ ATH @ $2.92
5๏ธโฃ $5.00 (Fib ext. 161.8%)
โ๏ธ Stop-Loss to be placed under the last lowest.
____________
TA from 18-Jan created on TradingView by @PowerCryptoClub
๐ฉTrade: #MATICUSD (long term)
๐ Ranked #14 in market capitalization with $7.7 billion, and 96% of its total token supply in circulation, it's only a matter of time for #Polygon to join the Top10. Like $ATOM, we'll wait for #MATIC to exit its range before targeting ATH which is currently at +260%.
โก๏ธ Buy Entry: $0.6-0.8
๐ฐ Take-Profit Targets:
1๏ธโฃ $1.00
โ๏ธ Breakout Range @ $1.10
2๏ธโฃ $1.50
3๏ธโฃ $2.20 (below 61.8%)
4๏ธโฃ $2.80
โ๏ธ ATH @ $2.92
5๏ธโฃ $5.00 (Fib ext. 161.8%)
โ๏ธ Stop-Loss to be placed under the last lowest.
____________
TA from 18-Jan created on TradingView by @PowerCryptoClub
๐ $ETH & $MATIC Gas Fee Estimator
๐ Useful tool that provides real-time information about the gas price and gas limit for transactions on the #Ethereum and #Polygon networks.
๐ Download the extension for your browser: https://www.blocknative.com/gas-extensionTop
โณ The best times to do #Ethereum transactions are early in the morning, between (UTC time) 1am and 2am, or late at night, between 9pm and 11pm.
โณ According to IntoTheBlock, the gas fees for #Ethereum typically reach their lowest levels during weekends (UTC time), especially from 12am on Sat. to 12pm on Sun. This is the time when it's Friday night in the US and Saturday morning in Asia & Europe.
๐ Useful tool that provides real-time information about the gas price and gas limit for transactions on the #Ethereum and #Polygon networks.
๐ Download the extension for your browser: https://www.blocknative.com/gas-extensionTop
โณ The best times to do #Ethereum transactions are early in the morning, between (UTC time) 1am and 2am, or late at night, between 9pm and 11pm.
โณ According to IntoTheBlock, the gas fees for #Ethereum typically reach their lowest levels during weekends (UTC time), especially from 12am on Sat. to 12pm on Sun. This is the time when it's Friday night in the US and Saturday morning in Asia & Europe.
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.