Trading Crypto Compass
#BTC Weekly Update: #BTC closed weekly above $111,000 and just broke resistance area 📈💪. Waiting for Daily candle close as this could turn into a fakeout 🔄📊. Critical to see Daily confirmation before assuming sustained breakout ⚡️🎯👀
Trading Crypto Compass
US30 Update: US30 caught in a large consolidation range with a perfect tap into support, now trading mid-range 📊✅. The drop might be downside manipulation 🎭📉. Market looks bullish - expecting a strong move back toward resistance at 44,620 🚀🎯.
Trading Crypto Compass
#BITCOIN Weekly TF Update: #BITCOIN delivered solid rejection with massive candle creating new ALL TIME HIGH on Weekly TF 🚀📈. This week expecting similar continuation with further upside momentum 💪🔥. Enjoy the #BTC ride - altcoin rally following close behind…
Trading Crypto Compass
#GOLD Update: #GOLD pulled back from $3770 but remains super bullish making new ATHs regularly 🚀📈. Price showing tiny reversal signs but staying ultra bullish with no clear drop signals yet 💪✅. Wait for clear rejection confirmation before buying dips 🎯👀📊
Cumulative Volume Delta Pre-FOMC:
Bitcoin stabilized near $107.8K (short-term holder cost basis) through September with market shifting from balanced to modestly seller-driven 📊📉. CVD deviation from 90-day median showed mild negative readings across Coinbase, Binance and major exchanges 💪🔄.
Net sell pressure in spot market with cautious participant tone ahead of FOMC meeting ⚡️👀💰
Bitcoin stabilized near $107.8K (short-term holder cost basis) through September with market shifting from balanced to modestly seller-driven 📊📉. CVD deviation from 90-day median showed mild negative readings across Coinbase, Binance and major exchanges 💪🔄.
Net sell pressure in spot market with cautious participant tone ahead of FOMC meeting ⚡️👀💰
Trading Crypto Compass
#BTC Update: #BTC hit new ALL TIME HIGH again with multiple ATHs expected this month during Uptober 🚀🔥. Price expected to retrace to supporting trendline around $123,600 before pushing to new highs 📈💪. Enjoy the ride until significant retracement kicks in…
#Educational Post
What Is Tendermint?
Tendermint is a consensus mechanism that allows applications to launch across different machines securely and consistently. It works with a Byzantine Fault Tolerance of up to 33%. That means applications on Tendermint work even if up to one of the three machines they run on fails.
Tendermint uses a proof-of-stake consensus, where a random node from a validator set is selected in each period. The node proposes a new block, which is added to the chain with instant transaction finality. The blockchain has a modular architecture, meaning its consensus and network layers are separate from its application layer. That allows developers to build blockchain applications without having to worry about bootstrapping a consensus mechanism.
How Does Tendermint Work?
There are two components to Tendermint: the blockchain consensus engine and a generic application interface. The consensus engine is called Tendermint Core and ensures transactions are recorded on all nodes in the same order. The application interface is called Application BlockChain Interface (ABCI), which enables transactions to be processed in any programming language. Developers can use Tendermint to build applications on top of it. Moreover, unlike monolithic blockchains, they are free to choose the programming language and development environment.
Tendermint Core
Tendermint Core is an asynchronous BFT consensus protocol. Validators take turns proposing and voting on blocks. If a block is not committed, the protocol moves on to the next round and a new block is proposed. Voting happens in two blocks, with a pre-commit and a pre-vote stage. If two-thirds of validators pre-commit to a block, it is committed.
A block can fail commitment because the proposer is offline or the network is slow. Before moving on to the next block, validators wait for a brief period of time to receive a complete block proposal. This timeout reliance defines Tendermint as a weakly synchronous protocol. Validators then continue after they have heard from two-thirds of all validators.
Safety is guaranteed as long as less than one-third of the validators are Byzantine. Therefore, validators can not commit conflicting blocks at the same height. Once a validator pre-commits a block, it is locked. The block is then pre-voted on or can be unlocked and pre-committed for a new block.
What Is Tendermint?
Tendermint is a consensus mechanism that allows applications to launch across different machines securely and consistently. It works with a Byzantine Fault Tolerance of up to 33%. That means applications on Tendermint work even if up to one of the three machines they run on fails.
Tendermint uses a proof-of-stake consensus, where a random node from a validator set is selected in each period. The node proposes a new block, which is added to the chain with instant transaction finality. The blockchain has a modular architecture, meaning its consensus and network layers are separate from its application layer. That allows developers to build blockchain applications without having to worry about bootstrapping a consensus mechanism.
How Does Tendermint Work?
There are two components to Tendermint: the blockchain consensus engine and a generic application interface. The consensus engine is called Tendermint Core and ensures transactions are recorded on all nodes in the same order. The application interface is called Application BlockChain Interface (ABCI), which enables transactions to be processed in any programming language. Developers can use Tendermint to build applications on top of it. Moreover, unlike monolithic blockchains, they are free to choose the programming language and development environment.
Tendermint Core
Tendermint Core is an asynchronous BFT consensus protocol. Validators take turns proposing and voting on blocks. If a block is not committed, the protocol moves on to the next round and a new block is proposed. Voting happens in two blocks, with a pre-commit and a pre-vote stage. If two-thirds of validators pre-commit to a block, it is committed.
A block can fail commitment because the proposer is offline or the network is slow. Before moving on to the next block, validators wait for a brief period of time to receive a complete block proposal. This timeout reliance defines Tendermint as a weakly synchronous protocol. Validators then continue after they have heard from two-thirds of all validators.
Safety is guaranteed as long as less than one-third of the validators are Byzantine. Therefore, validators can not commit conflicting blocks at the same height. Once a validator pre-commits a block, it is locked. The block is then pre-voted on or can be unlocked and pre-committed for a new block.
Trading Crypto Compass
#BTC Update: #BTC dropped strongly after multiple ATHs with bearish engulfing candlestick on Daily TF and trendline break 📉💪. Already at H4 support zone where bounce could materialize 🎯📊. Watch for support reaction - potential reversal or continuation lower…
Trading Crypto Compass
#IMX Analysis: #IMX broke triangle pattern below showing bearish signals and forming bear flag pattern suggesting continuation 📉🚩. However, price sustaining at support area creating uncertainty 🔄📊. Wait for decisive support break or consider buys above $0.80…
Trading Crypto Compass
#ETH Analysis: #ETH slowly dropped forming symmetrical triangle over supporting trendline 📉🔺. Market at decisional point with unclear price action but overall bullish conditions remain 🔄💪. Expect strong resistance breakout by next week or month ⚡️🚀👀
Trading Crypto Compass
#BTC Update: #BTC retested with H4 showing bearish signals suggesting potential further downside 📉🔄. Already retested important area with unclear direction unless news catalyst emerges 💪📊. Wait for clearer price action or news developments before positioning…
Trading Crypto Compass
#TOTAL Update: #TOTAL swept ATH after significant drop from support zone as drawn 📈💥. Currently sweeping but bullish market context suggests strong candle close could indicate major money inflow into the market 🚀💰. Watch for decisive close confirmation above…