Kine Protocol Launches Zero-fee Trading for BTC and ETH - cyptoranking.com

2024-05-06

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What’s ahead for CryptoNight algorithm? Attorney Steven Nerayoff had similar accusations, claiming that Ethereum now operates as a hierarchical system. Kine Protocol Launches Zero-fee Trading for BTC and ETHUniswap (V2)PancakeSwap0x ProtocolVenus ProtocolSushiSwap Despite the progress made in the video game companies’ adoption of blockchain and Web3 technologies, CoinGecko considers the process relatively slow. The crypto aggregator identified scalability, market acceptance, regulatory uncertainty, and potential security breaches as the factors responsible for the slow adoption.

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Its high transaction costs could be the reason why most developers and users still rely on Ethereum, which is still one of the fundamental causes. Additionally, another possible reason could be because of BSC’s infrastructure – lack of decentralization. “For emerging markets such as Ukraine, cryptocurrencies have the potential to act as a reliable store of value, reduce cross-border transaction costs, and boost financial independence. In addition to helping with war efforts, cryptocurrency donations are likely to encourage increased adoption and strengthen an economy that has otherwise been hampered by the war,” the report reads. Which crypto exchanges are legal in US?USDT is a stablecoin that relies on active arbitrage to keep its value at $1. Traders can increase its value by selling other coins like Bitcoin in exchange for Tether. Centralized Cryptocurrency Exchanges serve as a third-party mediator between a seller and a buyer. Centralized exchanges offer more sustainability since they are owned by a sole company. Nearly 99% of all crypto transactions are made through centralized exchanges.

Ethereum, the second largest cryptocurrency by market capitalization, moved away from mining and adopted Proof-of-Stake consensus in September 2022. So far, the transition has been received as a success by the Ethereum community and the move to PoS has also made ETH a more attractive long-term investment thanks to the concept of the Ethereum triple halving. After reaching an all-time high in daily transactions in September, the number of transactions on the Bitcoin network has experienced a sharp drop, revisiting levels not observed since hype took off surrounding Ordinals that can serve as either individual NFTs or fungible BRC-20 tokens. Buy Ethereum with Credit or Debit Card|Buy ETH InstantlyAavegotchi announces its Gotchi-themed game center.Press start to disrupt: Dappicom’s bid to reinvent Web3 gaming Although bank notes may have been effective at addressing barriers in the past, to be universally accessible, a CBDC must address the barriers inherent in today’s—and tomorrow’s—evolving technical landscape.

The price of Solana’s SOL (SOL) experienced a 20% gain between Sept. 28 and Oct. 6, but is the rally a tandem move with Bitcoin (BTC), or is it being driven by other factors? Prior to the price breakout — or perhaps, its recovery — SOL faced a turbulent period after a U.S. court approved the sale of $1.3 billion in SOL from the bankrupt exchange FTX. Solana daily price index, USD. Source: TradingViewThe bankruptcy court has taken measures to ensure that the liquidation of FTX assets won’t become a burden for the crypto market, demanding the sale to occur through an investment adviser in weekly batches in accordance with preestablished rules.Following the initial impact, which drove SOL’s price down to a two-month low of $17.34 on Sept. 11, some degree of confidence among bulls emerged as it reestablished the $20 support on Sept. 29. This movement coincided with a successful upgrade to version 1.16, boosting SOL by 16% over the next seven days.SOL’s rally was also supported by growth in the usage of decentralized applications (DApps) and increased nonfungible token (NFT) volumes on Solana. SOL’s price is now attempting to establish a $23 support and consolidate its position as the fifth-largest cryptocurrency (excluding stablecoins) by market capitalization, surpassing ADA’s (ADA) $9.22 billion.Solana’s DApp and NFT market activity surges When analyzing networks focused on DApp execution, the number of active users should be a top priority. Therefore, one should begin by quantifying the addresses involved with smart contracts, which serve as a proxy for the number of users. Solana DApp active addresses, 7-days. Source: DappRadarNotice that the increase in activity was consistent across all sectors, including NFT marketplaces, decentralized finance, collectibles, social and gaming. Furthermore, Solana’s active addresses engaging with DApps exceeded those of Ethereum in the same period, which were capped at 55,230.Solana has been gaining traction in the NFT market due to its cost-efficient and scalable solution, as data is compressed and stored off-chain. This allows for more viable production in larger quantities, as they require lower minting fees, enabling creators to reach wider audiences.NFT sales per blockchain, 7-days. Source: CryptoSlamOver the past seven days, the Solana network surpassed Polygon in NFT sales, accumulating $6.8 million in value, according to CryptoSlam. In September, the situation was reversed, with Solana totaling $23.9 million, while the Polygon network achieved $31 million in NFT sales.Network upgrade enhances privacy and eases the stress on validatorsA potential driver behind SOL’s recent 20% price gains was the network upgrade to version 1.16 on Sept. 28, which introduced a “gate system” to ensure the gradual activation of new features on the network. This process helps maintain network stability and prevents issues caused by sudden changes.Another notable change in this update is “confidential transfers,” which use zero-knowledge proofs to encrypt transaction details, enhancing user privacy. The release also includes improvements in RAM usage for validators, resizable data accounts and a mechanism to identify corrupted data.Overall, this update brings improved efficiency, privacy and security to the Solana blockchain, marking a significant milestone in its development. Stiff competition from Ethereum layer-2 solutionsDespite Solana’s competition with other blockchain networks, there is no doubt that Ethereum layer-2 solutions have gained more traction in terms of total value locked (TVL) and activity. For instance, Arbitrum holds $1.73 billion in TVL, and Optimism holds another $637 million, according to DefiLlama —both vastly superior to Solana’s $326 million.Even as Solana continues to make progress in terms of privacy, scaling and security, external factors are at play beyond the FTX bankruptcy drama, making the $23 resistance harder to breach than anticipated. Ultimately, investors remain largely focused on the Ethereum ecosystem, as it remains the leader in terms of developers and consolidated decentralized applications.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. According to analysts, ETH has significantly underperformed the overall market since the Merge event, with both ETH/BTC price and volume ratio trending downward over the past year. Crypto 101: What you need to knowThe Storj (STORJ) project is one that aims to provide cleaner storage services, allowing organizations to cut down their carbon footprint as well as reduce their cloud storage costs. But this under-the-radar altcoin has made it into the list. The analyst points to “High Transaction Volume, Active Addresses, Network Growth, Whale Accumulation, Age Destroyed (Consumed)” as shown in the chart. The shift in blockspace profitability coincides with an expansion in ETH’s circulating supply, which is up roughly 8,900 ETH on the month, per data from ultrasound.money.

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