Here's the analysis of #TWT :
#TWT drastically pumped due to #FTX issues caused in market. Majority #Defi Coins pumped including #TWT. Price broke the major level of resistance around $1.31 - $1.39. There's no resistance looking left, so price can move higher with retracement. Ideally, anticipating a deep pullback as of now. On hourly TF, you can still look for low risk, short-term short-sells now.
#TWT drastically pumped due to #FTX issues caused in market. Majority #Defi Coins pumped including #TWT. Price broke the major level of resistance around $1.31 - $1.39. There's no resistance looking left, so price can move higher with retracement. Ideally, anticipating a deep pullback as of now. On hourly TF, you can still look for low risk, short-term short-sells now.
What Is Taproot in #Bitcoin ?
#Taproot is a soft #fork that improves Bitcoinβs scripts to increase privacy, efficiency, and the networkβs ability to process smart #contracts. It is considered the most significant Bitcoin upgrade since the #SegWit upgrade in 2017.
The #Taproot upgrade consists of 3 distinct Bitcoin Improvement Proposals (BIP), including Taproot, #Tapscript, and its core - the new digital signature scheme called #Schnorr signatures. Taproot aims to bring several benefits to Bitcoin users, such as enhanced transaction #privacy and lower transaction fees. It will also enable #Bitcoin to execute more complex transactions and potentially widen its use cases to compete with #Ethereum, especially on smart contract capabilities and supporting Decentralized Finance (#DeFi) and non-fungible token (NFT) on the network.
How does Taproot benefit #Bitcoin?
β> Improve network #scalability by reducing the amount of data to be transferred and stored on the #blockchain.
β> More transactions per block (higher #TPS rate).
β> Lower transaction #fees.
#Taproot is a soft #fork that improves Bitcoinβs scripts to increase privacy, efficiency, and the networkβs ability to process smart #contracts. It is considered the most significant Bitcoin upgrade since the #SegWit upgrade in 2017.
The #Taproot upgrade consists of 3 distinct Bitcoin Improvement Proposals (BIP), including Taproot, #Tapscript, and its core - the new digital signature scheme called #Schnorr signatures. Taproot aims to bring several benefits to Bitcoin users, such as enhanced transaction #privacy and lower transaction fees. It will also enable #Bitcoin to execute more complex transactions and potentially widen its use cases to compete with #Ethereum, especially on smart contract capabilities and supporting Decentralized Finance (#DeFi) and non-fungible token (NFT) on the network.
How does Taproot benefit #Bitcoin?
β> Improve network #scalability by reducing the amount of data to be transferred and stored on the #blockchain.
β> More transactions per block (higher #TPS rate).
β> Lower transaction #fees.
What is TRC-20 Standard ?
#TRC-20 refers to a technical standard for creating and implementing tokens on the T#RON blockchain network. TRON is a decentralized platform that enables the development of decentralized applications (DApps) and smart contracts. TRC-20 tokens are similar to #ERC-20 tokens on the Ethereum blockchain.
TRC-20 tokens adhere to a set of predefined rules and #protocols, allowing developers to create and manage their own tokens on the TRON network. These tokens can represent various digital assets, such as cryptocurrencies, utility tokens, or #even tokenized assets like real estate or securities. TRC-20 tokens can be easily traded, transferred, and #stored on the TRON network and are compatible with T#RON wallets and exchanges that support the TRC-20 standard.
The TRC-20 standard provides a high level of #interoperability and ensures that tokens created on the TRON network have consistent functionality and compatibility with other TRON-based applications. It has contributed to the growth of decentralized finance (#DeFi) and the development of a vibrant token #ecosystem within the TRON network.
#TRC-20 refers to a technical standard for creating and implementing tokens on the T#RON blockchain network. TRON is a decentralized platform that enables the development of decentralized applications (DApps) and smart contracts. TRC-20 tokens are similar to #ERC-20 tokens on the Ethereum blockchain.
TRC-20 tokens adhere to a set of predefined rules and #protocols, allowing developers to create and manage their own tokens on the TRON network. These tokens can represent various digital assets, such as cryptocurrencies, utility tokens, or #even tokenized assets like real estate or securities. TRC-20 tokens can be easily traded, transferred, and #stored on the TRON network and are compatible with T#RON wallets and exchanges that support the TRC-20 standard.
The TRC-20 standard provides a high level of #interoperability and ensures that tokens created on the TRON network have consistent functionality and compatibility with other TRON-based applications. It has contributed to the growth of decentralized finance (#DeFi) and the development of a vibrant token #ecosystem within the TRON network.
What is #DeFi ?
#DeFi, short for Decentralized Finance, refers to a category of financial applications and platforms built on #blockchain technology. It aims to recreate traditional financial systems and services, such as lending, borrowing, trading, and investing, in a #decentralized and permissionless manner, without the need for intermediaries like banks or #financial institutions.
In #DeFi, smart contracts are used to automate and execute financial transactions, allowing users to interact directly with the protocol using their digital assets. This eliminates the need for traditional intermediaries, reduces costs, and provides greater accessibility and financial inclusivity.
Key characteristics of #DeFi include open and transparent protocols, #permissionless access, composability (the ability to combine different #DeFi protocols and services), and the use of cryptocurrency or digital assets as #collateral or means of exchange.
#DeFi has gained significant popularity and growth in recent years, offering users opportunities to earn passive income, participate in #yield farming, access decentralized exchanges, and engage in other #innovative financial activities within the cryptocurrency #ecosystem.
#DeFi, short for Decentralized Finance, refers to a category of financial applications and platforms built on #blockchain technology. It aims to recreate traditional financial systems and services, such as lending, borrowing, trading, and investing, in a #decentralized and permissionless manner, without the need for intermediaries like banks or #financial institutions.
In #DeFi, smart contracts are used to automate and execute financial transactions, allowing users to interact directly with the protocol using their digital assets. This eliminates the need for traditional intermediaries, reduces costs, and provides greater accessibility and financial inclusivity.
Key characteristics of #DeFi include open and transparent protocols, #permissionless access, composability (the ability to combine different #DeFi protocols and services), and the use of cryptocurrency or digital assets as #collateral or means of exchange.
#DeFi has gained significant popularity and growth in recent years, offering users opportunities to earn passive income, participate in #yield farming, access decentralized exchanges, and engage in other #innovative financial activities within the cryptocurrency #ecosystem.
Our #DeFi index consists of the top 8# DeFi tokens by market cap, and has established an almost two-month-long uptrend relative to ETH. This is the first outperformance since September 2022, and with very similar performance thus far.
DeFi Trend Coming Back ?
π GURU-Investor - ΠΏΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ @guru_investor_com
DeFi Trend Coming Back ?
π GURU-Investor - ΠΏΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ @guru_investor_com