Did you know that Bitcoin and crypto are 2 different things even though they both use Blockchain. So, what is the difference between crypto and Bitcoin?

Follow @OriNeko for more crypto updates. Join 📷our Instagram to get free market insights

#Neko101 @OriNeko

Crypto Holders When the Bear Market Comes

Follow @OriNeko for more crypto updates. Join 📷our Instagram to get free market insights

#Neko101 @OriNeko

The German government has sold all its Bitcoin, sending 3,846 BTC ($223.8 million) to Kraken and other addresses, so it now has 0 BTC in its wallet.

This means that the German government has sold almost 50,000 Bitcoins in just 1 month

Follow @OriNeko for more crypto updates. Join 📷our Instagram to get free market insights

#Neko101 @OriNeko

Here are some of the best companies that have the largest holdings in Bitcoin ETFs based on market capitalization.

Follow @OriNeko for more crypto updates. Join 📷our Instagram to get free market insights

#Neko101 @OriNeko

During a recent CNBC interview, the CEO of BlackRock, Larry Fink, said he was “wrong” about Bitcoin before calling the decentralized asset “digital gold” and a “legitimate” financial instrument.

The head of the $10.6-trillion asset management firm told CNBC’s Jim Cramer, “I was a skeptic, a proud skeptic,” before studying the nascent asset and changing his mind about Bitcoin

Follow @OriNeko for more crypto updates. Join 📷our Instagram to get free market insights

#Neko101 @OriNeko

Ferrari, the Italian luxury sports car producer, is preparing to expand its cryptocurrency payment system to Europe following a successful launch in the United States.

Ferrari will extend its crypto payment feature to its network of European dealers from the end of July 2024, the firm officially announced on July 24

Follow @OriNeko for more crypto updates. Join 📷our Instagram to get free market insights

#Neko101 @OriNeko

With FIAT you will always experience a decrease in purchasing value. But with Bitcoin, everything is cheap if you are willing to wait and hold it

Follow @OriNeko for more crypto updates. Join 📷our Instagram to get free market insights

#Neko101 @OriNeko

How Does Liquid Staking Work?

Put simply, there are three key phases of liquid staking: the staking of the asset, then the issuing of liquid staking tokens (or LSTs) and finally the unstaking. It sounds simple, and largely, it is. So let’s see how these processes work together to provide stakers with extra liquidity.

🎥Staking
Simply, the Liquid staking platforms then use these funds for native staking. This means they use your funds to secure a proof-of-stake blockchain, for which it receives rewards in the form of newly minted crypto. In return, the platform periodically distributes portions of these rewards to the users staking assets on that platform. Users then receive these rewards in the form of more tokens (LSTs).

🎥Unstaking
So, what happens when a user wants their coins back? That’s where the unstaking process comes in. To explain, when a user wants to unstake their coins, they must burn the liquid staking tokens (LSTs). To do so, the platform will usually require the user to send the tokens to a specific address. From there, the staking platform verifies the assets are burned by checking the transaction on-chain. If the transaction is valid, the user receives their newly unstaked coins. It’s really as simple as that. However, it’s important to note that doing so usually costs a fee, and it’s not always cheap.

🎥Liquidity
The biggest advantage of liquid staking is simply the liquidity; you can use your staked tokens just like any other digital asset. That means you can still sell your tokens, swap them or even give them to someone else. While staking usually means these assets are locked up in a smart contract, liquid staking allows you to use the receipt tokens (or LSTs) for other means, thus providing the user with liquidity—and who wouldn’t want more of that?

🎥Rewards
One of the biggest benefits of liquid staking is the increased rewards. Firstly, you receive rewards just for liquid staking. Then, since this allows you to use your receipt tokens in DeFi, it’s also possible to increase the rewards you make without investing additional assets. For example, say you stake 1ETH on a liquid staking platform and then receive the LSTs in return. You will receive rewards for staking the original tokens, but you can actually use these LSTs on other staking platforms and receive even more rewards. If you do it intelligently, you can make much more passive income on the same investment than is possible with traditional finance or interest from banking services.

#Neko101 @OriNeko

What is Multichain?
When we speak about Multichain, we are referring to either:
🎥Multichain dApps
🎥Multichain Networks (or Modular Blockchains)

What are Multichain Decentralised Applications (dApps)

A Multichain Decentralised Application (dApp), is a project that has been deployed across multiple blockchains, specifically ones that share the same smart contract technology. For example, Ethereum, Polygon and Arbitrum all use the Ethereum Virtual Machine (EVM) — we call these EVM Compatible chains, and so multichain dApps can be built across those.

Whilst Multichain applications are more widely accessible, allowing projects to scale with greater ease, there is still a widespread User Experience issue, for the most part, users are expected to switch networks on wallets when depending on where they are using the app, and for newcomers, it can pose as a severe roadblock. Moreover, having an dApp spread over multiple networks can lead to fragmented liquidity — which can severely harm the user experience further. The ideal state would be that you can connect wallets to multiple networks simultaneously, and access liquidity across all networks the dApp is built on. Seamless access.

#Neko101 @OriNeko

What are Multichain and Modular blockchains

Often referred to as Modular Blockchains, Multichain networks are blockchains that have multiple, separate chains broken down into “layers” to perform different asks. This differs vastly from the general Layer 1 Blockchain — which for the most part uses a Monolithic structure.

Think about it a bit like outsourcing. If the Blockchain was a company, a “monolithic” company would do everything in-house, but a “modular” company would outsource tasks to specialists

Benefits of Multichain and Modular Networks

The benefits of Modular blockchain/Multichain networks are similar to those of Layer 2's
🎥Scalability — allowing specific chains to carry out specialised tasks brings greater efficiency and scalability to the overall network
🎥Security — Modular blockchains have shared security, which makes deploying new blockchains like rollups don’t require bootstrapping a new validator set, and means that new chains added to the network can benefit from the existing security.
🎥Lower Costs — Rollup SDKs, will not only help facilitate the low-cost creation of new blockchains, by providing a way to bootstrap without needing a consensus mechanism, large validator set, or token distribution. Super neat.

#Neko101 @OriNeko