⚡ In the second quarter of this year, the Solana network demonstrated exceptional stability and zero downtimes—a significant leap forward from a singular failure in February, which led to nearly 20 hours of downtime. Solana now boasts a more stable block time, significantly improving the speed of adding new blocks to the chain. Evaluating the network's speed and efficiency, the transactions per second (TPS) metric has risen due to recent network enhancements.
⚡ Our videos ARE NOT financial advice The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments. CryptoOK and affiliates are not responsible for individual loss due to poor trading decisions or any other actions which may lead to loss of funds.
⚡ PayPal's stablecoin may boost Ethereum's price. Collaborating with Paxos, PayPal's team launched PayPal USD (PYUSD) stablecoin on Ethereum's blockchain. Increased network users through PayPal's clientele could drive up the cryptocurrency's value. PYUSD is fully backed by USD deposits, short-term treasury bonds, and similar assets. Pegged to the dollar, it will be available to PayPal customers in the USA.
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⚡ According to data from the whale tracking website WhaleStats, Shiba Inu is currently the third-largest token holding among the top 100 ETH whales. This meme coin ranks behind stablecoins like USDC and USDT, making it the largest non-stablecoin token held by whales. Currently, Shiba Inu constitutes 12% of the total token volume held by these whales, while USDC and USDT make up 15% and 14%, respectively.
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⚡ U.S. District Judge Jed Rakoff, responsible for the SEC case against Terraform Labs, dismissed a method applied in the recent ruling on the SEC's case against Ripple Labs. This legal stance is already causing ripples in the markets. As an immediate consequence, Coinbase shares plummeted by 3%, and the price of XRP also experienced a 2.5% dip. The ripple effects continue to unfold.
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Ftm crypto ? Crypto news fantom ? Bitcoin news ? Btc price ? Bitcoin VS Fantom crypto ? Bitcoin price
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⚡ What is fantom crypto (ftm)?
Fantom is known as a highly scalable decentralized project and independent blockchain network, and is considered an alternative to the Ethereum network. The decentralized, permissionless network provides developers with a scalable solution to develop and launch decentralized applications (dApps) and cryptocurrency projects with smart contract capability. Fantom price is updated live on Binance.
The Fantom network is popular with decentralized finance (DeFi) users, enterprise applications, and Ethereum Virtual Machine (EVM) developers. Fantom Opera is its open-source, fully permissionless mainnet, which uses an Asynchronous Byzantine Fault Tolerance (ABFT) consensus mechanism called Lachesis. Nodes within the Fantom network reach consensus independently without the need to agree on finalized blocks. For users, transactions are typically confirmed and finalized in just a few seconds.
The network's native token, FTM, has three primary uses cases:
To pay network fees when transacting or interacting with smart contracts on the Fantom Opera mainnet.
For users to stake in order to become validators. Faster nodes that can confirm transactions quicker receive more rewards under the Fantom network design.
To be used in governance on the blockchain, including voting on proposals that affect network decisions.
Minimal transaction fees, along with Fantom Opera’s exceptional speed, have resulted in the network’s immense popularity. These factors make Fantom more suitable for dApp development than many slower, more expensive blockchains. Yield farming, for example, can produce higher returns on Fantom, as yield can be compounded faster and at significantly lower fees. The Fantom blockchain is also EVM-compatible, meaning developers can easily port their smart contracts and projects from Ethereum to Fantom Opera.
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Okb cryptocurrency ? OKB price ? Bitcoin news ? Btc price Bitcoin VS Okb coin crypto ? Bitcoin price
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----------------------------------------------------------------------------------
⚡ What is okb cryptocurrency (OKB) --------------------------------
OKB is a cryptocurrency released by the OK Blockchain Foundation and Maltese crypto exchange, OKEx. The exchange is one of the largest in the world and currently ranks third in liquidity, fourth in trading volume, and provides a wide selection of trading pairs. OKEx is similar in many aspects to the cryptocurrency exchange giant Binance, but there are a few key differences. The OKEx platform has its own cloud mining service, and the company has a more focused reach in providing options trading for users. Meanwhile, Binance strives to offer a broad range of crypto services globally.
OKB is the OKEx utility token that enables users to access the crypto exchange's special features. The coin is used to calculate and pay trading fees, grant users access to voting and governance on the platform, and reward users for holding OKB.
OKEx has become a world-leading trading floor since its launch in 2017. The platform launched in the spring of 2017 and emerged as an offshoot from the original OKCoin platform (operating since 2013 in China). OKCoin now focuses on exchanging fiat for crypto, while OKEx focuses on crypto trading with a built-in API for algorithmic trading. The exchange also gives users access to a multi-currency wallet and functions for margin trading.
Who Are the Founders of OKB?
Jay Hao joined OKEx as CEO from the beginning, and he still holds the position. Hao has dedicated his career to technology and engineering. He has followed the blockchain industry for quite some time, with a focus on blockchain-based apps for video streaming and mobile gaming. Prior to joining OKEx, Hao had twenty years of experience in the semiconductor industry. He has developed a broad range of codecs: UVLED, ASIC, FPGA, and multimedia codecs and SOCs for multimedia processors. During this time, Hao accumulated impressive experience in product development and management.
Another key management team member is Mingxing “Star” Xu. He founded OKCoin in China in 2013 and has earned himself a big reputation in the industry. In 2017, Xu co-founded the separate OKEx exchange in Malta, which operates under a separate legal entity. Today Xu is the CEO of the OK Group.
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⚡ Our videos ARE NOT financial advice-----------------
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⚡ Bitcoin price prediction for February 06, 2024. Bitcoin whales have started selling bitcoins en masse in the market. This suggests that the bitcoin price may gradually decline to the $41500 level.
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Bitcoin price ? Solana price ? Polkadot token price ? Bitcoin VS Solana crypto VS Polkadot crypto
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? Litecoin (LTC) : LNmdiWSYaaraA2vFWM4HnCPbbYvV18Evyu
⚡ What is solana crypto
Solana is an independent Layer 1 blockchain created as a fast and efficient network with an underlying smart contract protocol. Since its launch in 2020, the Solana network has been dubbed a competitor to Ethereum, and even nicknamed ‘The Ethereum Killer’.
The network’s scalability, combined with its low fees and high speed, makes it a leading choice for many NFT-based decentralized applications (dApps), as well as decentralized finance (DeFi) and digital blockchain-based payment ecosystems.
The Solana network focuses on high transaction throughput and short processing time, which it achieves via its Proof-of-History (PoH) technology. Solana claims to be able to process 65,000 transactions per second, making it one of the fastest in the industry.
The Solana blockchain linearly hashes transactions to create a verifiable order of all the network's activity in order to reach the aforementioned speed. Because of this, there's no need to rely on a block creator's timestamp, or for network validators to check the transaction order.
The Solana network was co-founded in 2017 by systems engineer and computer programmer Anatoly Yakovenko and current Solana COO Raj Gokal. The network operates on the PoH timing mechanism, which was implemented prior to the consensus layer that now operates on a proof-of-stake (PoS) algorithm.
⚡ What is polkadot crypto
Polkadot is a blockchain that allows developers to create customized interoperable Parachains. The project was launched in 2006 by Gavin Wood, Ethereum's former CTO and cofounder. Each Parachain connects with the main Relay Chain, allowing them to communicate and share the mainnet's security. A parachain can have its own modified Proof of Stake consensus mechanism, decentralized app development, and tokens. Space for Parachains is limited and regularly auctioned off for DOT.
Polkadot's native token is DOT, which has three primary uses cases:
1. Holders can vote on future project changes through Polkadot's governance mechanism.
2. Users can pay network transaction fees on the Relay Chain and some Parachains.
3. The token is staked to validate transactions. DOT has an unlimited supply making it an inflationary token, and the network pays out rewards to validators equally regardless of stake.
Polkadot's creators argue that their token isn't designed for speculation but instead for the use cases given above.
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XRP crypto ? Cardano news ? Bitcoin news ? Ada cardano price ?Bitcoin BTC VS Ripple XRP VS Cardano ADA
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⚡ What is Cardano (ada)
Cardano (ADA) is a decentralized proof-of-stake (PoS) blockchain platform that launched in 2017. It was first conceptualized in 2015 by Charles Hoskinson, one of the co-founders of the Ethereum blockchain network.
Cardano was developed to address the blockchain scaling and infrastructural limitations of first-generation decentralized blockchain network Bitcoin, and second-generation networks like Ethereum. In fact, Cardano is seen as a more scalable alternative to Ethereum. Cardano price is updated in real-time on Binance.
To date, the Cardano blockchain network is one of the largest to have successfully implemented a PoS consensus mechanism that’s more power-efficient than alternative proof-of-work (PoW) blockchain networks. Function on the Cardano blockchain is facilitated by the capabilities granted by smart contract protocol, a technology initially popularized by Ethereum.
⚡ What is Ripple (XRP)
Ripple (XRP) is a decentralized payment network that was built to replace the traditional money transfer network, SWIFT. Ripple is a uniquely designed blockchain that works on a consensus model in which all nodes given access to the system must validate transactions on the network. This model ensures that payments on the network are subject to considerable security measures without compromised efficiency. Transactions on Ripple are typically completed within four to five seconds, much faster than some on other independent blockchain networks that use different protocols. XRP price is updated live on Binance.
The Ripple network is powered by its native cryptocurrency, XRP; A fractional .00001 XRP is charged for every transaction processed on the underlying XRP Ledger (XRPL). Another interesting feature of XRP is that miners receive their validation fees from the aforementioned charge, as all XRP coins were placed into circulation when the network was first launched. This makes Ripple stand out in the cryptocurrency industry, and such factors can affect XRP price.
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? Litecoin (LTC) : LNmdiWSYaaraA2vFWM4HnCPbbYvV18Evyu
⚡ What is Litecoin crypto
An Open Source Peer-To-Peer Digital Currency.
Litecoin (LTC) is a peer-to-peer cryptocurrency powered by the Scrypt Proof-of-Work algorithm. The project aims to provide an alternative to Bitcoin by making modifications to the original Bitcoin Protocol.
A Proof-of-Work algorithm creates a computational challenge to be solved by the network of computers in order to verify a block of transactions. The Scrypt algorithm was developed in 2009 by Colin Percival (Tarsnap Inc.). In contrast with Bitcoin’s SHA-256d, it serves to inhibit hardware scalability by requiring a significant amount of memory when performing its calculations.
This change aimed to reduce the efficiency gain and economic incentive to develop custom hardware such as Application Specific Integrated Circuits (“ASIC”). While this initially prevented ASIC mining, new machines have been more performant than GPU mining, leading to most of LTC mining activities being conducted by ASIC machines (e.g., Antminer L3+).
Litecoin has an average block time of 2.5 minutes, and a total supply of 84 million. The short block time inevitably leads to an increase in orphaned blocks.
Besides total supply and block time, other Bitcoin parameters have remained largely unchanged. For instance, the number of blocks between difficulty changes1 and the target number of years between block reward halving on Litecoin (4 years) remains the same as those on the Bitcoin protocol.
Unlike public blockchain infrastructures supporting the development of decentralized applications, such as Ethereum, Litecoin is primarily used only as a currency and does not support smart contracts.
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