BREAKING NEWS: Blockchain Coordinated Attack on:
❌ #Solana: Network was offline for 16 hours.
❌ #Arbitrum: Layer2 ETH down.
✅ #Ethereum: Nothing as corrupt blocks were rejected.
Conclusion: ETH is the King ⚜️
ETH killers, no comment. 😂
www.cointelegraph.com/news/solana-and-arbitrum-knocked-offline-while-ethereum-evades-attack
❌ #Solana: Network was offline for 16 hours.
❌ #Arbitrum: Layer2 ETH down.
✅ #Ethereum: Nothing as corrupt blocks were rejected.
Conclusion: ETH is the King ⚜️
ETH killers, no comment. 😂
www.cointelegraph.com/news/solana-and-arbitrum-knocked-offline-while-ethereum-evades-attack
Cointelegraph
Solana and Arbitrum knocked offline, while Ethereum evades attack
Despite Arbitrum One’s sequencer going offline for 45 minutes, no user funds were at risk on the layer-two rollup network.
Power Crypto Club
🚩#DIA (last news) is integrating with the #xDaiChain, to offer its #Oracle infrastructure in the #Ethereum compatible blockchain for fast and inexpensive transactions. (Rank #395) 👉 #DIABTC Take-Profit Targets: ▫️ Buying Entry on 15/08: 430-460 Sat 🔹 TP1:…
🔅#DIAdata | Open-Source #Oracles for #Web3
▫️#Platform #DeFi #NFT #Metaverse
▫️Ecosystem: #Ethereum #Polkadot #Avalanche #Solana #Polygon #Fantom #Injective #Arbitrum #Celo #NearProtocol #BNBChain
▫️#Platform #DeFi #NFT #Metaverse
▫️Ecosystem: #Ethereum #Polkadot #Avalanche #Solana #Polygon #Fantom #Injective #Arbitrum #Celo #NearProtocol #BNBChain
✨Layer-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.
▫️Why 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.
▫️There are 2 primary ways to achieve blockchain scalability: Layer-1 & Layer-2 Solutions. 👇👇
1️⃣ 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.
🔹#Bitcoin
🔹#LItecoin
🔹#Algorand
🔹#Cardano
🔹#Hedera
🔹#Solana
🔹#Ethereum 2.0 is one high-profile blockchain protocol that is exploring shards, along with #Zilliqa, #Tezos, and #Qtum.
2️⃣ 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.
🔹#Polygon
🔹#Arbitrum
🔹#Loopring
🔹#ImmutableX
🔹#xDaiChain
▫️Layer-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. 👇👇👇
🔅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.
🔅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.
🔅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.
▫️Conclusion
👉🏻Layer-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.
👉🏻These 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.
▫️Why 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.
▫️There are 2 primary ways to achieve blockchain scalability: Layer-1 & Layer-2 Solutions. 👇👇
1️⃣ 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.
🔹#Bitcoin
🔹#LItecoin
🔹#Algorand
🔹#Cardano
🔹#Hedera
🔹#Solana
🔹#Ethereum 2.0 is one high-profile blockchain protocol that is exploring shards, along with #Zilliqa, #Tezos, and #Qtum.
2️⃣ 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.
🔹#Polygon
🔹#Arbitrum
🔹#Loopring
🔹#ImmutableX
🔹#xDaiChain
▫️Layer-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. 👇👇👇
🔅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.
🔅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.
🔅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.
▫️Conclusion
👉🏻Layer-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.
👉🏻These 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.
🛠 Discover the Modern Blockchains! 👀
👉 Fascinating insights on blockchain classification, with the specificity of different types.
🔹 Monolithic Blockchains #Bitcoin
🔹 Monolithic Blockchains with parallel processing #Solana
🔹 Multichain Protocols #Cosmos
🔹 Sharded Blockchains #Harmony
🔹 Modular Architectures #Polygon #Arbitrum #Radius
👉 Fascinating insights on blockchain classification, with the specificity of different types.
🔹 Monolithic Blockchains #Bitcoin
🔹 Monolithic Blockchains with parallel processing #Solana
🔹 Multichain Protocols #Cosmos
🔹 Sharded Blockchains #Harmony
🔹 Modular Architectures #Polygon #Arbitrum #Radius
💥 Ethereum Modular Ecosystem Map
👉 I tried to make it easy to understand so that you realize the relevance of this ecosystem map for your investments.
🛠 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.
👉 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.
👉 I tried to make it easy to understand so that you realize the relevance of this ecosystem map for your investments.
🛠 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.
👉 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.
💥 Amazing 24-hour with Several Airdrops Announcements!
⚠️ All links below are the "Official Page/Site from Airdrop" and all links have been carefully checked by myself.
🎁 The $SAGA Airdrop Claims Page is LIVE!
http://claim.airdrop.saga.xyz
🎁 $W Airdrop on #Wormhole for #Ethereum #Solana #Arbitrum #Optimism #Base
https://airdrop.wormhole.com
🎁 $AARK Airdrop Event MOON FESTIVAL
https://app.aark.digital/moon_festival
🎁 $AIG Another Confirmed Airdrop for $DYM Stakers!
More info: https://forum.dymension.xyz/
🎁 $ELYS Airdrop to $ATOM Stakers
Waitlist for the Elys Web App!
https://tally.so/r/mVQBev
🛠 Diligence Dao App
Enter #EVM #Solana #Aptos #Inj #Osmosis addresses to check your egibility to a dozen of Airdrop.
One address per line / I added 37 token addresses
https://checker.diligencedao.com/
🚫 Beware of Fake Airdrop messages especially on "X" cos there are now a lot of scammers. So thinking twice before to connect your wallet to a page.
⚠️ All links below are the "Official Page/Site from Airdrop" and all links have been carefully checked by myself.
🎁 The $SAGA Airdrop Claims Page is LIVE!
http://claim.airdrop.saga.xyz
🎁 $W Airdrop on #Wormhole for #Ethereum #Solana #Arbitrum #Optimism #Base
https://airdrop.wormhole.com
🎁 $AARK Airdrop Event MOON FESTIVAL
https://app.aark.digital/moon_festival
🎁 $AIG Another Confirmed Airdrop for $DYM Stakers!
More info: https://forum.dymension.xyz/
🎁 $ELYS Airdrop to $ATOM Stakers
Waitlist for the Elys Web App!
https://tally.so/r/mVQBev
🛠 Diligence Dao App
Enter #EVM #Solana #Aptos #Inj #Osmosis addresses to check your egibility to a dozen of Airdrop.
One address per line / I added 37 token addresses
https://checker.diligencedao.com/
🚫 Beware of Fake Airdrop messages especially on "X" cos there are now a lot of scammers. So thinking twice before to connect your wallet to a page.
🛠 Cross-Chain Bridges
Before you shout about exorbitant gas fees on the Ethereum chain, D.Y.O.R. among Cross-Chain Bridges to transfer your assets from one blockchain to another, at less gas fees.
Here is an example where I withdrew some $USDT on 10% staking from #Binance, using the #Arbitrum network (gas fees 0.5 $USDT per transfer) for sending $USDT to my #MetaMask wallet, on #Arbitrum Chain (no fees when credited)
To cross $USDT on #Arbitrum Chain to buy $JUNO on #JUNO Chain, I used Squid Bridge that will manage this transaction. I just have to order the amount of $JUNO to purchase, and then it will be sent directly to my own $JUNO Address on #Osmosis.
The gas fees are ridiculously low, and since I received an extra $0.5 $JUNO credited, that means no gas fees here (and of course no trading fees like in any CEX).
Recap: (start) $USDT > Binance > Arbitrum > MetaMask > Squid (Arbitrum > Axelar > Osmosis) > $JUNO (end)
Before you shout about exorbitant gas fees on the Ethereum chain, D.Y.O.R. among Cross-Chain Bridges to transfer your assets from one blockchain to another, at less gas fees.
Here is an example where I withdrew some $USDT on 10% staking from #Binance, using the #Arbitrum network (gas fees 0.5 $USDT per transfer) for sending $USDT to my #MetaMask wallet, on #Arbitrum Chain (no fees when credited)
To cross $USDT on #Arbitrum Chain to buy $JUNO on #JUNO Chain, I used Squid Bridge that will manage this transaction. I just have to order the amount of $JUNO to purchase, and then it will be sent directly to my own $JUNO Address on #Osmosis.
The gas fees are ridiculously low, and since I received an extra $0.5 $JUNO credited, that means no gas fees here (and of course no trading fees like in any CEX).
Recap: (start) $USDT > Binance > Arbitrum > MetaMask > Squid (Arbitrum > Axelar > Osmosis) > $JUNO (end)