CoinGape News’ Post

The Ethereum network is poised for a groundbreaking transformation with the upcoming Deneb/Cancun upgrade. This pivotal moment promises to elevate Ethereum's status as the leading smart contract and Web 3.0 platform, introducing both significant opportunities and potential risks for investors. As we approach this watershed event, strategic positioning within your investment portfolio becomes paramount to harness the upgrade's advantages while navigating the associated uncertainties. Central to the Deneb/Cancun upgrade is the introduction of proto-danksharding, a cutting-edge enhancement designed to bolster the speed and cost-efficiency of Ethereum's layer 2 rollups. This feature represents a leap forward in reducing network congestion and the costs associated with call data, by temporarily storing large data chunks on the main chain for validation before processing by rollups. The implications for Ethereum's scalability and efficiency are profound, setting the stage for a more robust and decentralized network. With the upgrade scheduled for March 13, anticipation is building around the potential for Ethereum's value to surpass the $3,000 threshold in a bullish market. This event shines a light on five key cryptocurrencies - Arbitrum (ARB), Immutable (IMX), Nervos Network (CKB), StarkNet (STRK), and Coti Network (COTI) - each playing a vital role in enhancing Ethereum's scalability and efficiency. These tokens represent prime opportunities for investors to engage with and benefit from the evolving blockchain ecosystem. 1. Arbitrum (ARB) leads the charge in layer-2 solutions, optimizing smart contracts via optimistic rollups and introducing significant enhancements in transaction throughput and privacy. 2. Immutable (IMX) is setting new standards for NFT scalability on Ethereum, facilitating instant trades and operations expansion without gas fees. 3. Nervos Network (CKB) emphasizes scalability and security within its versatile blockchain architecture, marking its position as a top altcoin investment. 4. StarkNet (STRK), a permissionless decentralized Validity-Rollup, provides scalable dApp solutions while ensuring security and composability. 5. COTI Network (COTI) introduces 'Garbled Circuits', a novel privacy feature, and simplifies digital payment systems for businesses, supporting a wide array of transactions. As we stand on the brink of the Ethereum Deneb/Cancun upgrade, the blockchain landscape is set to undergo significant advancements. For investors aiming to capitalize on these developments, the aforementioned cryptos offer unique advantages and the potential for substantial growth. Now is the time to consider these options as part of a diversified investment strategy, poised to thrive in the wake of Ethereum's latest evolution. #EthereumUpgrade #DenebCancun #BlockchainInvestment #CryptoMarket #ProtoDanksharding #Ethereum #DeFi #Web3 #BlockchainTechnology #CryptoInvesting #Altcoins #InvestmentOpportunities #SmartContracts

New Post: 5 Reasons Why SEI Price Is Rallying This New Year - sei liquid staking price boom YEREVAN (CoinChapter.com) — The price of SEI, the native token of Layer 1 blockchain Sei Network, has started the new year with a massive rally. Over the past 24 hours, the token has surged over 25%, reaching a new all-time-high (ATH) of $0.796. Over the past month alone, SEI gained over 200% in its price, making it one of the best-performing altcoins in the market.  Chart showing the recent rally of SEI token price. Source: CoinStats Introduced to the market just months ago, SEI has quickly gained investor confidence. It has added over 1,000% to its price since hitting the market.  One could identify several key factors that could have contributed to the recent SEI price surge. 1. Mainnet Launch installs confidence in Sei Token The launch of Sei’s mainnet in mid-August 2023 is one of the reasons why SEI has rallied over the past few months. The success of its tenets before this had already demonstrated that the blockchain has the potential to address inefficiencies in the Web 3 infrastructure. Official tweet from Sei mentioning some notable achievements in 2023. Source: X At the time of the public beta launch of Pacific-1, the Sei testnet had already written a few success stories. For example, it had over 200 teams building on it and more than 7.5 million unique wallets registered. The mainnet launch further garnered significant support from the community, adding to its momentum that led to the current SEI price ATH.  2 Sei V2 Upgrade and collaborations Following the launch of its mainnet, the Sei network continues to implement a series of updates to its network. The recently announced Sei V2 upgrade includes integration with the Ethereum Virtual Machine (EVM). This major milestone will help boost blockchain interoperability on the network. The upgrade will also benefit Cosmwasm smart contracts on the Sei network. Official announcement of the Sei V2 upgrade. Source: X Additionally, Sei’s strategic partnership with Circle, a prominent entity in the crypto space, has also fueled market enthusiasm.  Sei has also forged partnerships with other market players, such as Kryptonite and Gecko Terminal. These examples of Sei’s expanding ecosystem have enhanced its appeal in the broader blockchain space, helping SEI prices to surge.  3 Sei handles high transaction volumes with zero downtime The Sei blockchain is designed to support decentralized exchanges (DEXes). Because its operations are focused on digital assets trading, the network has seen a notable jump in transactions. Recently, Sei processed over 1 billion transactions. Despite the spike, it did not experience any downtime, a testament to its scalability and reliability. This growth in the ecosystem and its ability to handle high-volume transactions has positively impacted the demand for its in-house token, sending the SEI price t

Did you see announcement of Uniswap? In my opinion very critical, and not good news for Ethereum. Here it is... https://lnkd.in/gFVbRHWi => Uniswap will hv its own DeFi-native Ethereum L2 powered by OP Stack. For quite a while, we have seen that L2s are parasites living on Ethereum (in theory the L2s make sense to grow an Ethereum ecosystem faster but in practice we see slow overall growth which multiplies the risks of value flowing away from the center along with significant fragmentation, etc). They take value from ETH and pay very little for the security provided by Ethereum (in average they pay as little as 0-10% of their revenues made). Example (past 30d): Base made USD 2.24m revenues and paid only USD 299k for security. This is not going to change anytime soon. And now, we have heavy-weight projects like Uniswap, that are responsible for about half of the ETH burning (https://ultrasound.money/), that take their activities onto their own L2. Other bigger projects can do this as well, and may just do it. With latest move of Uniswap, risk is increasing that Ethereum might slowly become less relevant, bit by bit and then suddenly faster. And any L2 could secure itself in future with another L0 or L1 blockchain. Having said this, just looking at current statistics of Ethereum (TVL, Defi volume, revenues, etc) that shows still being the king among the L1s may lead to wrong conclusions. Competitor chains with less technical debt are catching up fast and cannot be ignored despite their current shortcomings that are being addressed. In particular, as mentioned earlier, Solana is evolving well and SUI has started to even take activities away from Solana (and Ethereum). Crypto-ecosystem is wild and the accelerating change / evolution makes it very difficult for anyone to anticipate correctly where the journey goes. What feels right today can be wrong tomorrow already and in hindsight all looks easy. Again, after 10 years of an Ethereum journey, we need to ask ourselves whether ETH can still be the fastest horse or rather, become one again..or is it better to re-assess the current status radically. I tend to believe that the Bitcoin story as digital gold and TradFi increasingly going into this hard-capped asset has many more years to go before big questions will be asked such as whether diminished mining rewards will be sufficient to pay the massively higher security needs in let's say 10 years. But for now, not an issue. This leaves us with the question which L1 is best positioned for the future to offer a permission-less and immutable platform to enable economic activities..always keeping in mind that we are in the area of exponential growth and AI will massively increase speed of change. BTC = about $62'900 ETH = about $2’455 SOL = about $147 ICP = about $8.20 SUI = about $2.15   (As always, whatever I post on Linkedin from time to time is my personal opinion and cannot be construed as financial advice, you all know the drill)

Optimism aims to address the scalability challenges of the Ethereum network. Using a technology called optimistic rollups, multiple transactions are bundled off-chain and then submitted as a single transaction on the Ethereum blockchain, to enable faster and more cost-effective transactions. 1. Optimism is building a Superchain - a network of interconnected chains that work together to improve scalability. This builts upon their 2023 Bedrock upgrade, which made transactions cheaper and faster (reducing confirmation times by 90%). 2. The Optimism Collective adopts a unique retroactive public goods funding model. This approach rewards projects based on their past contributions to the Ethereum ecosystem, ensuring fair compensation for efforts that contribute significantly to the ecosystem's growth and motivating continued innovation. 3. Committed to community-centric governance and token distribution, with plans to distribute 19% of its tokens through multiple airdrops to community members who positively contribute to the ecosystem. Past airdrops have targeted Optimism users, core Ethereum users, and those participating in governance activities, aiming to foster a strong and engaged user community. 4. Secured $150 million in Series B funding from major investors like Paradigm and Andreessen Horowitz, reaching a $1.65 billion valuation. This funding round followed a $25 million Series A, indicating strong investor interest and financial growth in the crypto community. 5. The platform is rapidly growing, with key DeFi projects and DApps like UniSwap, 1inch, and MetaMask integrating Optimism's technology. The widespread integration shows that Optimism is becoming a go-to choice for high-performance applications needing faster and cheaper transactions on the Ethereum network. Optimism Foundation

🎉 We are thrilled to announce that Binance Labs has invested in Solayer. This partnership marks a significant milestone for us, as we continue our mission to become the dominant restaking network on Solana by providing decentralized applications (dApps) on Solana with a greater likelihood of securing block space and prioritizing transaction inclusion. In just under 60 days since launching phase 1, we have risen to become the 13th largest protocol on Solana 📈, according to DeFiLlama. The protocol has amassed over $150 million in Total Value Locked (TVL) and attracted more than 70,000 unique deposit addresses. With the support of Binance Labs, we are confident in our ability to scale our team, onboard new protocols, and address network congestion issues. This investment brings us one step closer to realizing our vision of strengthening the Solana blockchain and delivering greater value to its dApps. We plan to roll out the full system soon 👀, where stakers can use SOL to secure the L1, as well as dApps can secure network bandwidth and transaction throughput. In addition to that, we will continue to focus on onboarding endogenous AVSs (natively built dApps on Solana), unlock general asset restaking secures, as well as helping exogenous AVS (systems that are external to Solana) to benefit from Solana’s crypto-economic security. Built natively on Solana, Solayer leverages the economic principles of proof-of-stake to extend the security of Solana's base layer towards other decentralized systems and dApps. This innovative approach enables users to participate in a decentralized validator network, contributing to the security and liveliness of the Solana ecosystem. Users can stake assets to decentralize Solana, earn native yields through MEV-boost, and yield from delegated Actively Validated Services (AVS). 

Here, I will be digging out 10 things to know about the TRON CHAIN ✅. 𝗙𝗼𝘂𝗻𝗱𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗩𝗶𝘀𝗶𝗼𝗻: TRON was founded by Justin Sun in 2017 under the TRON Foundation, which later became the TRON DAO (Decentralized Autonomous Organization). The vision was to create a decentralized internet where content creators could share and monetize their work directly with consumers, eliminating intermediaries like streaming services. ✅. 𝗧𝗥𝗢𝗡 𝗩𝗶𝗿𝘁𝘂𝗮𝗹 𝗠𝗮𝗰𝗵𝗶𝗻𝗲 (𝗧𝗩𝗠): The TRON Virtual Machine (TVM) is a crucial component of TRON that enables the execution of smart contracts and the development of dApps on the platform. It is compatible with Ethereum’s Ethereum Virtual Machine (EVM), making it easier for developers to migrate projects from Ethereum to TRON. ✅. 𝗖𝗼𝗻𝘀𝗲𝗻𝘀𝘂𝘀 𝗠𝗲𝗰𝗵𝗮𝗻𝗶𝘀𝗺: The TRON network relies on a Delegated-Proof-of-Stake (DPoS) consensus mechanism to secure the blockchain. DPoS allows users to earn passive income whenever they stake their holdings in a network wallet. ✅. 𝗦𝗺𝗮𝗿𝘁 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁𝘀:TRON supports smart contracts, enabling developers to create decentralized applications (dApps) on the platform. These dApps can range from gaming and social media to DeFi (Decentralized Finance) and more.  ✅. 𝗜𝗻𝘁𝗲𝗿𝗼𝗽𝗲𝗿𝗮𝗯𝗶𝗹𝗶𝘁𝘆: TRON has developed the TRON Virtual Machine (TVM) to facilitate cross-chain compatibility. This allows developers to port their projects from other blockchains like Ethereum to TRON with ease. ✅. 𝗦𝘁𝗮𝗸𝗶𝗻𝗴 𝗧𝗥𝗢𝗡 (𝗧𝗥𝗫): Staking serves a couple of crucial purposes. For one, it allows users to earn passive income. Mainly, it keeps the network safe. In the TRX ecosystem, users stake their TRX at a 1:1 ratio. The more they stake, the more TRON Power they earn. ✅. 𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗲𝗱 𝗦𝘁𝗼𝗿𝗮𝗴𝗲 𝗣𝗿𝗼𝘁𝗼𝗰𝗼𝗹: TRON utilizes a unique distributed storage protocol consisting of Block Storage and State Storage, with a graph database incorporated into the architecture to meet the demands of varied data storage in the real world. ✅. 𝗛𝗶𝗴𝗵 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗦𝗽𝗲𝗲𝗱 𝗮𝗻𝗱 𝗟𝗼𝘄 𝗙𝗲𝗲𝘀: TRON can handle up to 2,000 transactions per second, which is significantly higher than Bitcoin (3-6 transactions) and Ethereum (25 transactions). It also features extremely low transaction fees, almost negligible at $0.000005 per transaction. _________________________________________________ If you have got a Defi project, looking for listing opportunities or growth opportunities, feel free to throw a dm #defi #web3 #tron #contentmarketin

The Role of Nodes in Crypto: Building Decentralized Networks Hey there, crypto fans! Let’s talk about something important in the world of cryptocurrency and decentralized systems. NODES They’re like the unsung heroes keeping everything running smoothly. As the crypto scene keeps growing, it's crucial to understand what nodes do and why they’re a big deal for all of us decentralized enthusiasts. Let’s dive into what nodes are, their role in crypto websites, and why so many people are jumping on the node bandwagon. What is a Node? At its core, a node is just a device or computer hooked up to a cryptocurrency network. Each node has a copy of the blockchain—a decentralized ledger with all the transactions ever made. Nodes chat with each other to validate transactions, keep things in sync, and make sure the blockchain stays secure and legit. The Role of Nodes in Crypto Websites Crypto websites, wallets, and dApps (decentralized applications) rely heavily on nodes to do their thing. When you make a transaction on a crypto website, it’s broadcast to the network, where nodes validate it and add it to the blockchain. This decentralized setup cuts out the middlemen, making transactions secure, transparent, and tamper-proof. Nodes also play a key role in validating transactions and add new blocks to the blockchain. This helps keep the network honest and prevents shady stuff like double-spending. The Importance of Nodes Nodes are the backbone of any decentralized network. They keep the network decentralized, secure, and resilient. Without nodes, the whole crypto ecosystem would crumble. Here’s why nodes are so vital: Decentralization: Nodes spread control and decision-making power across the network. No single entity can mess with the blockchain, ensuring fairness and transparency. Security: Nodes validate transactions and protect the blockchain’s integrity. More nodes mean a more secure network, making it harder for bad actors to cause trouble. Network Resilience: Nodes provide backup and ensure the network keeps running even if some nodes go offline. This resilience is key for maintaining the network’s availability and reliability. Why Node Buyers are Supporting Projects Node buyers are folks who purchase and run nodes on a cryptocurrency network. Here’s why they’re into it: Rewards: Many crypto networks offer rewards for running nodes, which is a nice bonus. Voting Rights: In some networks, node operators get to vote on governance decisions, giving them a say in the project’s future. Early Adoption: Buying nodes early can boost a project’s success and give buyers a head start. Supporting the Ecosystem: Node buyers often care deeply about the crypto world and want to help it grow. By running nodes, they’re supporting the network’s decentralization and security. Tell us your insight and how nodes helped you in blockchain! We'd love to know your experience about this. #Crypto #Blockchain

The ERC-404 Token Standard: A New Era for Digital Assets In the rapidly evolving world of blockchain and cryptocurrencies, standards play a crucial role in ensuring interoperability, security, and innovation. The Ethereum community has recently introduced a new token standard, ERC-404, which aims to revolutionize the way we think about and interact with digital assets. The ERC-404 standard, proposed by a group of developers and researchers, is designed to address some of the limitations and challenges faced by existing token standards, such as ERC-20 and ERC-721. Unlike its predecessors, ERC-404 tokens are not just simple value transfers or non-fungible tokens (NFTs); they represent a new breed of digital assets with advanced capabilities and functionalities. One of the key features of ERC-404 is its support for programmable tokenization. This means that tokens can be imbued with complex logic and rules, enabling a wide range of use cases beyond simple value transfers. For example, ERC-404 tokens could represent tokenized real-world assets, such as real estate, art, or intellectual property, with built-in rules governing ownership, transfer, and management. Another significant aspect of ERC-404 is its emphasis on security and privacy. The standard incorporates cutting-edge cryptographic techniques and privacy-preserving technologies, ensuring that transactions and asset ownership remain confidential and secure. This is particularly important in industries where data privacy is a critical concern, such as finance, healthcare, and personal data management. The potential applications of ERC-404 are vast and exciting. Imagine a world where tokenized real estate can automatically handle rental payments, property management, and ownership transfers. Or a scenario where tokenized intellectual property rights can be seamlessly licensed, tracked, and enforced. The possibilities are endless, and ERC-404 provides a robust foundation for building these innovative solutions. As the blockchain ecosystem continues to mature, standards like ERC-404 will play a pivotal role in shaping the future of digital assets and enabling new and innovative use cases. The Ethereum community's commitment to pushing the boundaries of decentralized technology is commendable, and ERC-404 is a testament to the relentless pursuit of innovation in this space. Whether you're a developer, entrepreneur, or simply an enthusiast of emerging technologies, the ERC-404 token standard is undoubtedly worth keeping an eye on. It represents a significant step forward in unlocking the full potential of blockchain and digital assets, paving the way for a more secure, transparent, and efficient digital future.

Today I am proud to announce that I have joined the Sei Foundation as Director of Infrastructure, focusing on growing businesses and integrating infra tooling that will build on top of Sei along with other strategic protocol initiatives at the Foundation. My personal mission and Sei’s are very aligned. Build the best infrastructure for crypto, enabling teams and users to develop the highest performance blockchain applications on the richest protocol in the land, the Ethereum Virtual Machine (EVM). The Sei Network, a parallel-EVM, brings the fastest chain in existence to the Ethereum ecosystem. Giving users a Web2-like experience with all the benefits of Web3 decentralization. The goal for Ethereum has always been to become the first incentive-aligned world computer. To do this, applications need to offer the same user experience (UX) as any Web2 competitor. While also preventing rug pulls, spam and people losing money for computationally complex reasons. Parallelization on EVM enables a future where every user, Layer 2 (L2), application and infrastructure tools leverage parallel processing for enhanced efficiency, leading to improved user experiences and an enlarged design space for developers. I believe this will be the de facto standard for scaling Ethereum and bring crypto to mainstream adoption. I'm thankful for Jeff F. & Jayendra Jog for empowering me to build out this ecosystem with them. Message me to discuss and learn how to build on Sei in the future.

Topic: Exploring the Power of Dapps on the Ethereum Network ☑️Decentralized applications, or Dapps, have revolutionized how we interact with technology and perform various activities in real time. Built on the Ethereum network, these applications operate without a central authority, offering transparency, security, and efficiency. 🔸What are Dapps? Dapps are applications that run on a blockchain network, utilizing smart contracts to automate processes. Unlike traditional apps, which rely on centralized servers, Dapps leverage the decentralized nature of blockchain, ensuring that data is immutable and transactions are transparent. 🔸Real-Time Applications of Dapps ☑️Financial Services and DeFi ~Lending and Borrowing: Platforms like Aave and Compound allow users to lend and borrow cryptocurrencies without intermediaries. This real-time lending process ensures lower fees and faster transactions. ~Decentralized Exchanges (DEXs): Uniswap and SushiSwap facilitate peer-to-peer trading of digital assets. Transactions are executed instantly on the Ethereum blockchain, reducing the risk of hacks associated with centralized exchanges. ☑️Gaming and Entertainment: ~Play-to-Earn Games: Games such as Axie Infinity enable players to earn cryptocurrency by playing. These games utilize Ethereum's blockchain to ensure fair play and secure transactions. ~Digital Collectibles: Platforms like NBA Top Shot offer real-time trading of digital collectibles, ensuring ownership and authenticity through blockchain verification. ☑️Voting and Governance: Decentralized Voting: Dapps such as Aragon enable decentralized organizations to vote on proposals in real time. This transparent voting mechanism ensures that decisions are made democratically and recorded immutably on the blockchain. ☑️Patient Data Management: Dapps like MedRec provide secure and real-time access to patient records. This ensures that healthcare providers have up-to-date information, improving patient care and reducing errors. 🔸Benefits of Dapps on the Ethereum Network ☑️Transparency: All transactions on the Ethereum network are publicly verifiable, ensuring accountability. ☑️Efficiency: Automated smart contracts streamline processes, reducing the need for intermediaries and lowering costs. ☑️Interoperability: Dapps on Ethereum can interact seamlessly with each other, creating a cohesive ecosystem of decentralized services. 🔶My Thoughts Dapps on the Ethereum network have transformed various real-time activities by providing secure, transparent, and efficient solutions. As the ecosystem continues to grow, we can expect even more innovative applications that will further enhance how we interact with technology and perform everyday tasks. Embracing Dapps means embracing a future where decentralization empowers individuals and improves the efficiency of numerous industries. Ethereum is making the world better. #Ethereum #Learning Ethereum Blockchain #Blochchain #Web3 #NFTS