What Are #Bitcoin Ordinals?
The #Ordinals protocol is a system for numbering #satoshis, giving each satoshi a serial number and tracking them across #transactions. Simply put, ordinals allows users to make individual satoshis unique by attaching extra data to them. This process is known as βinscriptionβ.
Satoshis are numbered based on the order in which they were #mined and transferred. The numbering scheme relies on the order satoshis are mined, while the transfer scheme relies on the order of transaction #inputs and #outputs. Hence the name, βordinalsβ.
While traditional #NFTs are similar to ordinals in some ways, there are a few key differences. NFTs have typically been made using smart #contracts on blockchains such as #Ethereum, #Solana, and the #BNB Smart Chain, and sometimes, the assets they represent are hosted elsewhere.
Conversely, ordinals are inscribed directly onto individual #satoshis, which are then included in blocks on the #Bitcoin #blockchain. Ordinals reside fully on the blockchain and do not require a sidechain or separate token. In this sense, ordinal inscriptions inherit the #simplicity, #immutability, #security, and #durability of Bitcoin itself.
The #Ordinals protocol is a system for numbering #satoshis, giving each satoshi a serial number and tracking them across #transactions. Simply put, ordinals allows users to make individual satoshis unique by attaching extra data to them. This process is known as βinscriptionβ.
Satoshis are numbered based on the order in which they were #mined and transferred. The numbering scheme relies on the order satoshis are mined, while the transfer scheme relies on the order of transaction #inputs and #outputs. Hence the name, βordinalsβ.
While traditional #NFTs are similar to ordinals in some ways, there are a few key differences. NFTs have typically been made using smart #contracts on blockchains such as #Ethereum, #Solana, and the #BNB Smart Chain, and sometimes, the assets they represent are hosted elsewhere.
Conversely, ordinals are inscribed directly onto individual #satoshis, which are then included in blocks on the #Bitcoin #blockchain. Ordinals reside fully on the blockchain and do not require a sidechain or separate token. In this sense, ordinal inscriptions inherit the #simplicity, #immutability, #security, and #durability of Bitcoin itself.
Here's the Analysis of #BNB :
#BNB is been consolidating between the major support zone of $209 - $220 and Resistance Area of $253 - $262. Small Channel pattern we can see where price went too major resistance again. Its waiting time for the #BNB. Short sells at major residence possible.
π GURU-Investor - ΠΏΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ @guru_investor_com
#BNB is been consolidating between the major support zone of $209 - $220 and Resistance Area of $253 - $262. Small Channel pattern we can see where price went too major resistance again. Its waiting time for the #BNB. Short sells at major residence possible.
π GURU-Investor - ΠΏΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ @guru_investor_com
#BNB Analysis :
#BNB is been cleared out all the liquidity from the major support zone and moved up $199 - $205 and kinda rejecting from the Strong Resistance Zone of $226 - $230 . Well if we see in the broader view, its a long range and have to break through it. The Strcutural support is at $217, where a bounce is expected.
π GURU-Investor - ΠΏΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ @guru_investor_com
#BNB is been cleared out all the liquidity from the major support zone and moved up $199 - $205 and kinda rejecting from the Strong Resistance Zone of $226 - $230 . Well if we see in the broader view, its a long range and have to break through it. The Strcutural support is at $217, where a bounce is expected.
π GURU-Investor - ΠΏΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ @guru_investor_com
RG Analitics π’ [PRIVATE CHANNELπ]
#BNB Analysis : #BNB is been cleared out all the liquidity from the major support zone and moved up $199 - $205 and kinda rejecting from the Strong Resistance Zone of $226 - $230 . Well if we see in the broader view, its a long range and have to break throughβ¦
#BNB still unable to break above the strong resistance zone and giving the multiple rejection from the area. Well, We can expect some volume by tomorrow Market Open. If price breaks below the support $221 support area then we can go with short-selling.
π GURU-Investor - ΠΏΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ @guru_investor_com
π GURU-Investor - ΠΏΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ @guru_investor_com
What Is a Mainnet Swap?
Mainnet swap is the migration of a cryptocurrency project from a third-party blockchain network, such as Ethereum, to its native blockchain network.
A third-party blockchain network is used when a cryptocurrency project is in its testnet phase. But once it moves from the testnet phase to the mainnet phase, users receive native cryptocurrency in exchange for their third-party tokens. Thatβs why it is also called token migration or token swap. At its core, the mainnet swap is the exchange of third-party tokens with the platformβs native cryptocurrency.
Better Understand Mainnet Swap
Since 2017, ELF has been held as an Ethereum based #ERC-20 token. After spending considerable time testing the security and reliability of its platform, they announced the mainnet swap on September 9, 2021. Typically, the mainnet swap follows a 1:1 ratio. Once it is completed on the entire blockchain, the remaining tokens are burned.
Another example of a mainnet swap is #BNB (Binance Coin). When Binance Chain was in its testnet phase, it was using the Ethereum based ERC-20 BNB token. However, after the mainnet launch, #ERC-20 BNB token holders were encouraged to migrate to the BEP2 BNB coin (the native coin of Binance). This swap occurred at a 1:1 ratio, meaning 1 #BEP2 #0000000d BNB coin equaled 1 ERC-20 #BNB.
When Does Mainnet Swap Occur?
Typically, a mainnet swap occurs when a cryptocurrency project moves from one blockchain to another or migrates its tokens from a third-party blockchain to its native chain. However, the mainnet swap isnβt associated exclusively with new blockchains. A project may announce it if it decides to move from one protocol to another. One example would be the migration of tokens from Bitcoin-based protocol to Ethereum network.
When it comes to the specifics of a mainnet swapβs execution, it varies from project to project. The majority of projects give a deadline to users for the migration of tokens. Failing to do so means you will end up losing access to your tokens as theyβre usually burned after the given deadline.
How Is the Swap Done?
Depending on the main features of execution, users can either manually swap their tokens or leave them to the platform. For example, Binance allowed users to leave their previously issued tokens on their accounts, so the platform could automatically swap their tokens with native tokens.
Mainnet swap is the migration of a cryptocurrency project from a third-party blockchain network, such as Ethereum, to its native blockchain network.
A third-party blockchain network is used when a cryptocurrency project is in its testnet phase. But once it moves from the testnet phase to the mainnet phase, users receive native cryptocurrency in exchange for their third-party tokens. Thatβs why it is also called token migration or token swap. At its core, the mainnet swap is the exchange of third-party tokens with the platformβs native cryptocurrency.
Better Understand Mainnet Swap
Since 2017, ELF has been held as an Ethereum based #ERC-20 token. After spending considerable time testing the security and reliability of its platform, they announced the mainnet swap on September 9, 2021. Typically, the mainnet swap follows a 1:1 ratio. Once it is completed on the entire blockchain, the remaining tokens are burned.
Another example of a mainnet swap is #BNB (Binance Coin). When Binance Chain was in its testnet phase, it was using the Ethereum based ERC-20 BNB token. However, after the mainnet launch, #ERC-20 BNB token holders were encouraged to migrate to the BEP2 BNB coin (the native coin of Binance). This swap occurred at a 1:1 ratio, meaning 1 #BEP2 #0000000d BNB coin equaled 1 ERC-20 #BNB.
When Does Mainnet Swap Occur?
Typically, a mainnet swap occurs when a cryptocurrency project moves from one blockchain to another or migrates its tokens from a third-party blockchain to its native chain. However, the mainnet swap isnβt associated exclusively with new blockchains. A project may announce it if it decides to move from one protocol to another. One example would be the migration of tokens from Bitcoin-based protocol to Ethereum network.
When it comes to the specifics of a mainnet swapβs execution, it varies from project to project. The majority of projects give a deadline to users for the migration of tokens. Failing to do so means you will end up losing access to your tokens as theyβre usually burned after the given deadline.
How Is the Swap Done?
Depending on the main features of execution, users can either manually swap their tokens or leave them to the platform. For example, Binance allowed users to leave their previously issued tokens on their accounts, so the platform could automatically swap their tokens with native tokens.
RG Analitics π’ [PRIVATE CHANNELπ]
#BNB Analysis : #BNB strongly shooting with the market momentum and Nearly reached the major resistance zone of $504 - $514. Price expected to reach the level and pullback too. Once price retraced, buy can come from the support or newly formed support area.
#BNB just normally flipped above the Resistance zone with a Daily TF closure. In H4 TF price Rejecting the zone as support and open the potential gates for moving up. The next major resistance zone to look at will be $662 - $676 but there're minor one at $570. Take the zone and accordingly with proper risk.
RG Analitics π’ [PRIVATE CHANNELπ]
#BNB just normally flipped above the Resistance zone with a Daily TF closure. In H4 TF price Rejecting the zone as support and open the potential gates for moving up. The next major resistance zone to look at will be $662 - $676 but there're minor one at $570.β¦
#BNB perfectly moving up from the support zone, irrespective of the market movement and moved around 6% in favor. Keep the stops moving with the moved. Remember $562 - $571, is the minor resistance area.
RG Analitics π’ [PRIVATE CHANNELπ]
#BNB perfectly moving up from the support zone, irrespective of the market movement and moved around 6% in favor. Keep the stops moving with the moved. Remember $562 - $571, is the minor resistance area.
#BNB falling off due to certain market condition/ corrections and before that it moved around 23.7% in profits and i hope you secured with the moving market conditions. Currently, price is correcting itself and hopefully we can expect it to get it around support zone again.
#PRA
#BNB/USDT analysis -
#BNB is currently trading near its resistance zone. It faced resistance at the $685 level and had a correction of -73% from its all-time high. Now, the price has regained its previous levels and reached the resistance zone again. We expect it to break out of this zone soon and continue its upward movement. To enter a long position, wait for the price to break out of the zone with a strong bullish candle having significant volume on the daily timeframe candle close. ππͺ
TF : 1M
Entry : $685
Target : $2500
SL : $440
@RG_Analitics
ΠΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ....
#BNB/USDT analysis -
#BNB is currently trading near its resistance zone. It faced resistance at the $685 level and had a correction of -73% from its all-time high. Now, the price has regained its previous levels and reached the resistance zone again. We expect it to break out of this zone soon and continue its upward movement. To enter a long position, wait for the price to break out of the zone with a strong bullish candle having significant volume on the daily timeframe candle close. ππͺ
TF : 1M
Entry : $685
Target : $2500
SL : $440
@RG_Analitics
ΠΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ....