3 days ago
Crypto in 2024: Mid-Year Reflections
4 takeaways 👇
Crypto moves fast – like blink-and-you-missed-it fast.
The first half of this year has been no different, with new chains and applications emerging daily and the crypto industry gaining mainstream acceptance in the financial world.
Amid the Twitter echo chambers and the frenzy of bull market price action, it's easy to lose sight of the bigger picture. So, let's zoom out and focus on the signal amid the noise.
TL;DR Crypto is just getting started; don't get shaken out.
Today, we’ll take a step back to reflect on the key developments of H1 2024, exploring the significant events and trends that highlight the progress we've made this year. 👇
1️⃣ Crypto is now mainstream
Remember the days when crypto was a niche plaything for cypherpunks? Those days are well over.
In the first half of 2024, crypto broke through to the mainstream with a vengeance.
The turning point was the long-awaited approval of spot Bitcoin ETFs in January. Suddenly, Wall Street had a comfortable on-ramp to crypto, and they took it in a big way. Eleven ETFs launched in one day, and volumes broke records.
And it didn’t stop at Bitcoin. The SEC finally greenlit eight spot ETH ETFs in May, further validating the entire crypto ecosystem, and opening the door for even broader institutional adoption.
2️⃣ Crypto Adoption Accelerating
Crypto adoption is accelerating at a remarkable pace. The number of active users across blockchains is up big time, hitting an all-time high of 42.92 million active addresses in April.
Another factor is the resurgence of DeFi. DeFi activity and mindshare are on the rise again, signaling a renewed interest and activity onchain, one that's moving beyond simple speculation to perhaps some real-world utility, like in the form of stablecoins for payments and asset tokenization for RWAs such as government securities.
The momentum is clear: more people are coming onchain, and they're finding more reasons to stay.
3️⃣ Ethereum Still Dominant, But Solana Rising
Ethereum remains the dominant force in crypto. Over 60% of the total value locked in DeFi sits on Ethereum, a testament to the lindy ecosystem, which acts as a foundation for countless applications and chains.
This dominance is not just a matter of capital but also technological progress on the roadmap. Ethereum is scaling through L2s like Base who have seen robust adoption this year, and thanks to the most recent Dencun upgrade, offer users significantly lowered gas fees.
Moreover, Solana’s innovation engine is running hot. Tech advancements like zk-compression and user-friendly features like Blinks are setting the stage for broader adoption, and we can see that Solana’s network effects are taking root in real time.
Make no mistake: Ethereum isn't going anywhere. Its established network effects and vast developer community ensure its continued importance in crypto. But Solana's impressive strides can't be ignored. Both ecosystems are thriving, each in its unique way. This parallel adoption is a win for crypto users, as it accelerates innovations and drives the entire industry forward.
4️⃣ More Chop Ahead, Then Up-Only
Bitcoin broke its all-time high in March, briefly breaching the $70 ,000 mark. While that party seemed to end pretty abruptly, let's not get carried away. This bull market is far from over.
The long-awaited ETH ETFs are nearly here, interest rate cuts are likely on the way, and crypto will likely continue to earn a place on the national stage during the U.S. elections with potential positive policy shifts in play.
💭 Closing Thoughts
So, has the first half of 2024 been all smooth sailing for crypto? Not quite.
The bull market must go
4 takeaways 👇
Crypto moves fast – like blink-and-you-missed-it fast.
The first half of this year has been no different, with new chains and applications emerging daily and the crypto industry gaining mainstream acceptance in the financial world.
Amid the Twitter echo chambers and the frenzy of bull market price action, it's easy to lose sight of the bigger picture. So, let's zoom out and focus on the signal amid the noise.
TL;DR Crypto is just getting started; don't get shaken out.
Today, we’ll take a step back to reflect on the key developments of H1 2024, exploring the significant events and trends that highlight the progress we've made this year. 👇
1️⃣ Crypto is now mainstream
Remember the days when crypto was a niche plaything for cypherpunks? Those days are well over.
In the first half of 2024, crypto broke through to the mainstream with a vengeance.
The turning point was the long-awaited approval of spot Bitcoin ETFs in January. Suddenly, Wall Street had a comfortable on-ramp to crypto, and they took it in a big way. Eleven ETFs launched in one day, and volumes broke records.
And it didn’t stop at Bitcoin. The SEC finally greenlit eight spot ETH ETFs in May, further validating the entire crypto ecosystem, and opening the door for even broader institutional adoption.
2️⃣ Crypto Adoption Accelerating
Crypto adoption is accelerating at a remarkable pace. The number of active users across blockchains is up big time, hitting an all-time high of 42.92 million active addresses in April.
Another factor is the resurgence of DeFi. DeFi activity and mindshare are on the rise again, signaling a renewed interest and activity onchain, one that's moving beyond simple speculation to perhaps some real-world utility, like in the form of stablecoins for payments and asset tokenization for RWAs such as government securities.
The momentum is clear: more people are coming onchain, and they're finding more reasons to stay.
3️⃣ Ethereum Still Dominant, But Solana Rising
Ethereum remains the dominant force in crypto. Over 60% of the total value locked in DeFi sits on Ethereum, a testament to the lindy ecosystem, which acts as a foundation for countless applications and chains.
This dominance is not just a matter of capital but also technological progress on the roadmap. Ethereum is scaling through L2s like Base who have seen robust adoption this year, and thanks to the most recent Dencun upgrade, offer users significantly lowered gas fees.
Moreover, Solana’s innovation engine is running hot. Tech advancements like zk-compression and user-friendly features like Blinks are setting the stage for broader adoption, and we can see that Solana’s network effects are taking root in real time.
Make no mistake: Ethereum isn't going anywhere. Its established network effects and vast developer community ensure its continued importance in crypto. But Solana's impressive strides can't be ignored. Both ecosystems are thriving, each in its unique way. This parallel adoption is a win for crypto users, as it accelerates innovations and drives the entire industry forward.
4️⃣ More Chop Ahead, Then Up-Only
Bitcoin broke its all-time high in March, briefly breaching the $70 ,000 mark. While that party seemed to end pretty abruptly, let's not get carried away. This bull market is far from over.
The long-awaited ETH ETFs are nearly here, interest rate cuts are likely on the way, and crypto will likely continue to earn a place on the national stage during the U.S. elections with potential positive policy shifts in play.
💭 Closing Thoughts
So, has the first half of 2024 been all smooth sailing for crypto? Not quite.
The bull market must go
3 days ago
For y'all sport fans,
Blockasset built on Solana is bringing you closer to your fav athletes. You can make predictions on sports-centered, free-to-play games to earn tokenized points, which can be used in the Blockasset ecosystem to:
✅ Make wagers on sports events
✅ Get exclusive content from athletes
✅ Attend live events
✅ VIP venue tours
✅ Even athlete training sessions
Fans get access to unique experiences and access; athletes use digital assets to supercharge deep connections to their biggest cheerleaders. Win-win!
It’s working, and not just with current blockchain users. When launching an NFT with MMA fighter Khamzat Chimaev, 35% of all mints were from non-crypto sports fans. After the mint, Chimaev made exclusive content for the Blockasset community that eventually accumulated millions of views.
An early team from the Solana ecosystem – they’ve been around since 2021 – Blockasset has slowly been building a following into the sports world. Soon, they’ll be working with UFC fighters, introducing a whole new audience to unique web3 experiences.
It’s a better experience for everyone
Blockasset built on Solana is bringing you closer to your fav athletes. You can make predictions on sports-centered, free-to-play games to earn tokenized points, which can be used in the Blockasset ecosystem to:
✅ Make wagers on sports events
✅ Get exclusive content from athletes
✅ Attend live events
✅ VIP venue tours
✅ Even athlete training sessions
Fans get access to unique experiences and access; athletes use digital assets to supercharge deep connections to their biggest cheerleaders. Win-win!
It’s working, and not just with current blockchain users. When launching an NFT with MMA fighter Khamzat Chimaev, 35% of all mints were from non-crypto sports fans. After the mint, Chimaev made exclusive content for the Blockasset community that eventually accumulated millions of views.
An early team from the Solana ecosystem – they’ve been around since 2021 – Blockasset has slowly been building a following into the sports world. Soon, they’ll be working with UFC fighters, introducing a whole new audience to unique web3 experiences.
It’s a better experience for everyone
4 days ago
Wondering about Maestro Premium?
With Premium you get ALL the bells and whistles:
🤖 Speed Boost
🤖 Advanced Simulations
🤖 Maestro Trending List
🤖 30 Concurrent Trades
🤖 96-Hour Trade Monitors
🤖 9 Multi-Wallets
🤖 10 Copytrade Wallets
🤖 5 Concurrent God Mode/Auto Snipes
🤖 Alpha Counter
🤖 Last Seen Feature
🤖 Yacht Club Membership (private chat)
🤖 Early Access to New Features
Type /premium in the bot to get started.
#MaestroBots #TradingBot #crypto #defi #Blockchain $ETH #Ethereum , $TON #TON , $BASE #Base #Solana $SOL , $METIS #Metis , $AVAX #Avalanche , $ARB #Arbitrum , $BNB #BinanceSmartChain
With Premium you get ALL the bells and whistles:
🤖 Speed Boost
🤖 Advanced Simulations
🤖 Maestro Trending List
🤖 30 Concurrent Trades
🤖 96-Hour Trade Monitors
🤖 9 Multi-Wallets
🤖 10 Copytrade Wallets
🤖 5 Concurrent God Mode/Auto Snipes
🤖 Alpha Counter
🤖 Last Seen Feature
🤖 Yacht Club Membership (private chat)
🤖 Early Access to New Features
Type /premium in the bot to get started.
#MaestroBots #TradingBot #crypto #defi #Blockchain $ETH #Ethereum , $TON #TON , $BASE #Base #Solana $SOL , $METIS #Metis , $AVAX #Avalanche , $ARB #Arbitrum , $BNB #BinanceSmartChain
5 days ago
Solana just pulled another one and it's called Blinks (Blockchain links) which essentially makes it possible to initiate a transaction directly on X FKA Twitter.
Blinks are now live on JupiterExchange, Sanctum, Tensor and Helium.
Blinks are now live on JupiterExchange, Sanctum, Tensor and Helium.
5 days ago
Maestro Bots brings your favourite chains together in one bot for easy trading. No switching required.
And with our HoudiniSwap integration, bridge directly in the bot privately and seamlessly. It's as simple as typing /bridge.
Make Maestro your #1 trading bot on Ethereum, Solana, BSC, Base, TON, Metis, Avalanche or Arbitrum today.
🤖 https://t.me/Maestro
#crypto #TradingBot #Blockchain #MaestroBots #defi #Multichain $ETH #Ethereum $TON #TON $BASE #Base #Solana $SOL $METIS #Metis $AVAX #Avalanche $ARB #Arbitrum $BNB #BinanceSmartChain
And with our HoudiniSwap integration, bridge directly in the bot privately and seamlessly. It's as simple as typing /bridge.
Make Maestro your #1 trading bot on Ethereum, Solana, BSC, Base, TON, Metis, Avalanche or Arbitrum today.
🤖 https://t.me/Maestro
#crypto #TradingBot #Blockchain #MaestroBots #defi #Multichain $ETH #Ethereum $TON #TON $BASE #Base #Solana $SOL $METIS #Metis $AVAX #Avalanche $ARB #Arbitrum $BNB #BinanceSmartChain
Telegram: Contact @Maestro
This is the official Maestro Sniper Bot 🔫 deployed by @MaestroBots.
https://t.me/Maestro
7 days ago
I'm seeing a lot of FUD on the Solana blockchain as a result of the significant 38% drop in price and market cap
A ball can never go higher without first touching the ground.
Do with this information whatever you please.
A ball can never go higher without first touching the ground.
Do with this information whatever you please.
7 days ago
DID YOU KNOW
Solana uses PoH to IMPROVE their ecosystem??
Proof of History(PoH) is a unique consensus
algorithm developed by Solana to enhance
blockchain scalability and performance. It serves
as a cryptographic clock that verifies the passage
of time between events and transactions, which
then creates a historical record that proves events
occurred in a specific sequence.
This has reduced the need for traditional consensus protocols to verify timestamps, and significantly increased the network's efficiency.
Solana uses PoH to IMPROVE their ecosystem??
Proof of History(PoH) is a unique consensus
algorithm developed by Solana to enhance
blockchain scalability and performance. It serves
as a cryptographic clock that verifies the passage
of time between events and transactions, which
then creates a historical record that proves events
occurred in a specific sequence.
This has reduced the need for traditional consensus protocols to verify timestamps, and significantly increased the network's efficiency.
8 days ago
DefiLlama is showing support for Solayer Labs, a new restaking protocol on the Solana blockchain.
What Solayer Labs does is to enhance the security and efficiency of the Solana network by allowing users to restake their staked tokens, essentially staking them a second time to secure additional layers of applications.
What Solayer Labs does is to enhance the security and efficiency of the Solana network by allowing users to restake their staked tokens, essentially staking them a second time to secure additional layers of applications.
8 days ago
Light Protocol is a cutting-edge blockchain technology on the Solana network that focuses on reducing costs and enhancing privacy. It recently introduced "ZK Compression," which uses zero-knowledge proofs (ZKPs) to reduce the cost of creating tokens and accounts by up to 99%, while maintaining security and performance.
Their latest development, Light v3, enables private program execution through Private Solana Programs (PSPs), which allows developers to build applications with built-in privacy features, such as private payments and encrypted order books. This technology supports full zkSNARK verification in a single transaction, improving transaction efficiency and privacy.
Light Protocol is open-source, encouraging community involvement in its development and expansion
Their latest development, Light v3, enables private program execution through Private Solana Programs (PSPs), which allows developers to build applications with built-in privacy features, such as private payments and encrypted order books. This technology supports full zkSNARK verification in a single transaction, improving transaction efficiency and privacy.
Light Protocol is open-source, encouraging community involvement in its development and expansion
10 days ago
The Open Network has been a rare rocket ship during choppy markets 🚀
Here's how you can get started with the chain 👇
It's been hard to miss the rise of $TON over the past few months
Thanks to its integration with Telegram
& persistent price action The Open Network ecosystem continues to gain traction rapidly
These are the most active areas in the ton_blockchain
:
🎮 Telegram-Based P2E Games
Gaming has become a stand-out feature for TON, first with Notcoin and now with other games like CatizenAI and Hamster Kombat.
In summary, gaming on TON, whether through Catizen or Hamster Kombat, offers some (very) simple entertainment and real-world rewards, making it an attractive option for early speculators.
🔒 Liquid-Stake your TON for additional rewards
Like most PoS ecosystems, liquid staking with Tonstakers or Bemo Finance lets you use your TON to earn additional rewards.
- bemo_finance is another non-custodial liquid staking protocol on TON. It allows users to stake TON tokens and receive $stTON tokens in return that can be freely used in DeFi and increase in value as staking rewards are earned.
Both Tonstakers and Bemo Finance offer excellent opportunities for users to earn rewards through staking, making them valuable tools for maximizing your TON holdings.
🫳 Swap tokens on DEXs
DEXs lie at the center of TON’s DeFi ecosystem to drive the network forward, particularly http://STON.fi and DeDust.
💰 Lend through money markets
Lending platforms on TON offer additional ways to leverage your assets and turn a profit.
- evaaprotocol is a lending platform on the TON network that allows users to lend and borrow assets like TON, stTON, $tsTON , and $USDT directly from Telegram.
With double-digit interest rates for TON and USDT, the platform stands out as a competitive option for participating in DeFi and earning additional yield on your TON — way higher than with staking! The protocol currently has an XP points program, which can be later burned in exchange for the $EVAA token when it launches.
-
daolama_ton offers NFT lending for TON, currently supporting over 35 collections. On the platform, users can choose an NFT they’d like to rent out in exchange for TON, create a proposal, and then, when confirmed, receive TON based on the proposal's guidelines. Additionally, DAOLama’s marketplace offers a Buy Now, Pay Later feature for NFTs, allowing you to purchase NFTs like Anonymous Telegram Numbers 👀 for 41 TON instead of 113 TON.
In conclusion, Evaa Protocol and DAOLama TON offer unique and user-friendly lending solutions, providing even more avenues for earning yield on TON.
🤑 Trade crypto derivatives
For fans of derivatives trading, TON comes ready for platforms for trading crypto assets on up to 50x leverage.
storm_trade_ton is a decentralized derivatives trading platform built on TON and directly integrated with Telegram. Accessible via a web app and Telegram bot, Storm Trade provides trading features like leverage up to x50, instant price updates, and trading pairs with collateral in TON and USDT.
In addition, Storm Trade offers opportunities to earn through tournaments or by providing liquidity. In their daily tournaments, users compete for Storm Trade NFTs, which will whitelist them for the exchange’s token at launch. In their vaults, users can provide liquidity to act as a counterparty to traders on the platform and earn 70% of protocol fees. This can all be done directly from Telegram, making trading available on the go.
Written by
davewardonline✍️
Here's how you can get started with the chain 👇
It's been hard to miss the rise of $TON over the past few months
Thanks to its integration with Telegram
& persistent price action The Open Network ecosystem continues to gain traction rapidly
These are the most active areas in the ton_blockchain
:
🎮 Telegram-Based P2E Games
Gaming has become a stand-out feature for TON, first with Notcoin and now with other games like CatizenAI and Hamster Kombat.
In summary, gaming on TON, whether through Catizen or Hamster Kombat, offers some (very) simple entertainment and real-world rewards, making it an attractive option for early speculators.
🔒 Liquid-Stake your TON for additional rewards
Like most PoS ecosystems, liquid staking with Tonstakers or Bemo Finance lets you use your TON to earn additional rewards.
- bemo_finance is another non-custodial liquid staking protocol on TON. It allows users to stake TON tokens and receive $stTON tokens in return that can be freely used in DeFi and increase in value as staking rewards are earned.
Both Tonstakers and Bemo Finance offer excellent opportunities for users to earn rewards through staking, making them valuable tools for maximizing your TON holdings.
🫳 Swap tokens on DEXs
DEXs lie at the center of TON’s DeFi ecosystem to drive the network forward, particularly http://STON.fi and DeDust.
💰 Lend through money markets
Lending platforms on TON offer additional ways to leverage your assets and turn a profit.
- evaaprotocol is a lending platform on the TON network that allows users to lend and borrow assets like TON, stTON, $tsTON , and $USDT directly from Telegram.
With double-digit interest rates for TON and USDT, the platform stands out as a competitive option for participating in DeFi and earning additional yield on your TON — way higher than with staking! The protocol currently has an XP points program, which can be later burned in exchange for the $EVAA token when it launches.
-
daolama_ton offers NFT lending for TON, currently supporting over 35 collections. On the platform, users can choose an NFT they’d like to rent out in exchange for TON, create a proposal, and then, when confirmed, receive TON based on the proposal's guidelines. Additionally, DAOLama’s marketplace offers a Buy Now, Pay Later feature for NFTs, allowing you to purchase NFTs like Anonymous Telegram Numbers 👀 for 41 TON instead of 113 TON.
In conclusion, Evaa Protocol and DAOLama TON offer unique and user-friendly lending solutions, providing even more avenues for earning yield on TON.
🤑 Trade crypto derivatives
For fans of derivatives trading, TON comes ready for platforms for trading crypto assets on up to 50x leverage.
storm_trade_ton is a decentralized derivatives trading platform built on TON and directly integrated with Telegram. Accessible via a web app and Telegram bot, Storm Trade provides trading features like leverage up to x50, instant price updates, and trading pairs with collateral in TON and USDT.
In addition, Storm Trade offers opportunities to earn through tournaments or by providing liquidity. In their daily tournaments, users compete for Storm Trade NFTs, which will whitelist them for the exchange’s token at launch. In their vaults, users can provide liquidity to act as a counterparty to traders on the platform and earn 70% of protocol fees. This can all be done directly from Telegram, making trading available on the go.
Written by
davewardonline✍️
10 days ago
A major decentralized exchange (DEX) on the Solana blockchain Raydium, reportedly has a staggering $35 billion in trading volume for last month, marking an all-time high for the platform.
The achievement comes amidst huge influx of activity on Solana, most especially from the growth of meme coins.
The achievement comes amidst huge influx of activity on Solana, most especially from the growth of meme coins.
11 days ago
Is OP_CAT the missing piece for BTC L2s?
This opcode has everyone talking; what does it do?
A beginner's guide 👇
Bitcoin L2s are the talk of the town, but not much of their promise has been realized yet.
What are Bitcoin's builders waiting for?
One significant proposal could help mature the Bitcoin L2 landscape: the reintroduction of OP_CAT. This opcode, which was disabled early in Bitcoin's history, could unlock new capabilities and pave the way for more sophisticated and trustless Bitcoin L2 solutions.
Let's dig into why this opcode could be so transformative for BTC 👇
What is OP_CAT?
Okay, so why is this seemingly random opcode so controversial? OP_CAT, or "Operation Concatenate" is an opcode in Bitcoin's scripting language that allows for the concatenation of two data elements.
Initially proposed by Satoshi Nakamoto, OP_CAT was disabled in 2010 due to security concerns related to its original implementation, specifically potential denial-of-service (DoS) attacks caused by unbounded memory usage.
The introduction of the Taproot upgrade in 2021 has mitigated these original concerns. Taproot enforces a maximum stack element size of 520 bytes, addressing the memory usage issue that led to OP_CAT's deactivation. With this security improvement and resurgent Bitcoin development interest, thanks to Ordinals and Runes, a movement to reintroduce OP_CAT to enhance Bitcoin's scripting capabilities is gaining steam, aiming to put more complex transaction capabilities in reach.
Are Covenants and Smart Contracts Different?
One reason why OP_CAT is so compelling is because it can actualize covenants, i.e. spending conditions, on Bitcoin. Covenants and smart contracts are both mechanisms for controlling the flow of funds in a blockchain network, but they operate in distinct ways.
Covenants:
Purpose: Restrict how funds can be spent in future transactions.
Functionality: Implement specific spending constraints, such as limiting addresses or setting conditions on fund transfers.
Complexity: Generally involves simpler, deterministic logic without loops or complex computations.
Implementation: Can be implemented using Bitcoin Script with enhancements like OP_CAT.
Smart Contracts:
Purpose: Automate a wide range of processes and transactions.
Functionality: Handle complex tasks such as decentralized exchanges, token issuance, and multi-party agreements.
Complexity: Support complex conditional logic, including loops and intricate computations.
Implementation: Commonly implemented on platforms like Ethereum using high-level programming languages.
Why Does OP_CAT Matter for Bitcoin L2s?
OP_CAT would prove crucial for advancing Bitcoin L2 solutions because it enhances the scripting capabilities needed for more complex and trustless Bitcoin infra. First, OP_CAT allows for covenants, enabling the construction of more complex scripts. This is essential for creating advanced transaction conditions and functionalities required for L2 solutions.
Additionally, if OP_CAT is activated, projects like StarkWareLtdare on standby to develop atop it. StarkWare has plans to leverage OP_CAT for bringing zero-knowledge (ZK) scaling to #Bitcoin to enable advanced financial instruments and apps on the network. StarkWare’s involvement here underscores the broader ecosystem's readiness to capitalize on the enhanced capabilities that OP_CAT would introduce.
As such, as the community continues to explore and test the possibilities around this proposal, the future of Bitcoin L2s looks promising and ripe with potential. At this point, reactivating OP_CAT seems like a matter of when not if!
Written by
WPeaster
This opcode has everyone talking; what does it do?
A beginner's guide 👇
Bitcoin L2s are the talk of the town, but not much of their promise has been realized yet.
What are Bitcoin's builders waiting for?
One significant proposal could help mature the Bitcoin L2 landscape: the reintroduction of OP_CAT. This opcode, which was disabled early in Bitcoin's history, could unlock new capabilities and pave the way for more sophisticated and trustless Bitcoin L2 solutions.
Let's dig into why this opcode could be so transformative for BTC 👇
What is OP_CAT?
Okay, so why is this seemingly random opcode so controversial? OP_CAT, or "Operation Concatenate" is an opcode in Bitcoin's scripting language that allows for the concatenation of two data elements.
Initially proposed by Satoshi Nakamoto, OP_CAT was disabled in 2010 due to security concerns related to its original implementation, specifically potential denial-of-service (DoS) attacks caused by unbounded memory usage.
The introduction of the Taproot upgrade in 2021 has mitigated these original concerns. Taproot enforces a maximum stack element size of 520 bytes, addressing the memory usage issue that led to OP_CAT's deactivation. With this security improvement and resurgent Bitcoin development interest, thanks to Ordinals and Runes, a movement to reintroduce OP_CAT to enhance Bitcoin's scripting capabilities is gaining steam, aiming to put more complex transaction capabilities in reach.
Are Covenants and Smart Contracts Different?
One reason why OP_CAT is so compelling is because it can actualize covenants, i.e. spending conditions, on Bitcoin. Covenants and smart contracts are both mechanisms for controlling the flow of funds in a blockchain network, but they operate in distinct ways.
Covenants:
Purpose: Restrict how funds can be spent in future transactions.
Functionality: Implement specific spending constraints, such as limiting addresses or setting conditions on fund transfers.
Complexity: Generally involves simpler, deterministic logic without loops or complex computations.
Implementation: Can be implemented using Bitcoin Script with enhancements like OP_CAT.
Smart Contracts:
Purpose: Automate a wide range of processes and transactions.
Functionality: Handle complex tasks such as decentralized exchanges, token issuance, and multi-party agreements.
Complexity: Support complex conditional logic, including loops and intricate computations.
Implementation: Commonly implemented on platforms like Ethereum using high-level programming languages.
Why Does OP_CAT Matter for Bitcoin L2s?
OP_CAT would prove crucial for advancing Bitcoin L2 solutions because it enhances the scripting capabilities needed for more complex and trustless Bitcoin infra. First, OP_CAT allows for covenants, enabling the construction of more complex scripts. This is essential for creating advanced transaction conditions and functionalities required for L2 solutions.
Additionally, if OP_CAT is activated, projects like StarkWareLtdare on standby to develop atop it. StarkWare has plans to leverage OP_CAT for bringing zero-knowledge (ZK) scaling to #Bitcoin to enable advanced financial instruments and apps on the network. StarkWare’s involvement here underscores the broader ecosystem's readiness to capitalize on the enhanced capabilities that OP_CAT would introduce.
As such, as the community continues to explore and test the possibilities around this proposal, the future of Bitcoin L2s looks promising and ripe with potential. At this point, reactivating OP_CAT seems like a matter of when not if!
Written by
WPeaster
13 days ago
SolChat a communication network on the solana blockchain launches Streaming Beta, combining Twitch and Zoom features with additional capabilities in the pipeline.
15 days ago
Circle recently minted $250 million worth of USDC on the Solana blockchain. This event was detected by Whale Alert and marks a significant move for the USDC stablecoin and the Solana network.
This minting is expected to enhance liquidity within the Solana ecosystem, benefiting various DeFi applications and DEXs that operate on the network.
This minting is expected to enhance liquidity within the Solana ecosystem, benefiting various DeFi applications and DEXs that operate on the network.
16 days ago
Raydium, the leading decentralized exchange (DEX) on the Solana blockchain, has reported a staggering $35 billion in trading volume only in the month of May.
This marks an all-time high for the platform. The achievement comes amid a surge in activity on Solana, fueled by the explosive growth of meme coins and a thriving ecosystem of decentralized applications.
This marks an all-time high for the platform. The achievement comes amid a surge in activity on Solana, fueled by the explosive growth of meme coins and a thriving ecosystem of decentralized applications.
16 days ago
🛍 Shopify now supports hundreds of tokens with Solana Pay via Helio.
“This allows merchants to bypass traditional payment intermediaries such as banks and card issuers, solving persistent e-commerce problems such as high fees, chargeback rates and slow payments.”
“If we can migrate 10% of e-commerce payments to blockchain over the next ten years, we will save around $500 billion in costs for the more than 25 million websites that sell online.”
“This allows merchants to bypass traditional payment intermediaries such as banks and card issuers, solving persistent e-commerce problems such as high fees, chargeback rates and slow payments.”
“If we can migrate 10% of e-commerce payments to blockchain over the next ten years, we will save around $500 billion in costs for the more than 25 million websites that sell online.”
17 days ago
Integrating narratives
Solving blockchain problems
Memecoins are making it funny now
Largely adopted.
Solana's future is as bright as the word bright itself.
Solving blockchain problems
Memecoins are making it funny now
Largely adopted.
Solana's future is as bright as the word bright itself.
17 days ago
The solana network prides itself in being the flash⚡of this space and the reason behind how The network achieves its speed through a unique consensus algorithm called Proof of History, which timestamps transactions before they are added to the blockchain.
Thought to share.
Thought to share.
17 days ago
UltimateApp has announced that their founders are building iron_xyz. It the world’s first institutional on-chain bank.
This innovative Bank will operate on the @solana SPE (Solana Permissioned Environment) blockchain, named Iron Chain.
This innovative Bank will operate on the @solana SPE (Solana Permissioned Environment) blockchain, named Iron Chain.
18 days ago
SolanaFM which is a blockchain explorer just had an upgrade that introduces Explorer 2.0
With over 50 updates, including major performance enhancements, bug fixes, and community-requested features, this new version is gonna take block visibility to another level entirely.
With over 50 updates, including major performance enhancements, bug fixes, and community-requested features, this new version is gonna take block visibility to another level entirely.
18 days ago
Today, Solana Labs has announced the launch of Bond, a platform where global brands have the opportunity to elevate customer engagement.
Bond uses the blockchain to create personalized, and engaging digital experiences to ensure unique connections with the customers.
Bond uses the blockchain to create personalized, and engaging digital experiences to ensure unique connections with the customers.
18 days ago
It just became official that Circle's Programmable Wallets now supports #Solana
Builders on Solana can now embed secure wallets tailored to their apps and sponsor transaction fees of their users to streamline user experience.
Programmable Wallets enables #devs to build on Solana using flexible REST APIs in any language.
Devs can combine Programmable Wallets with Cross-Chain Transfer Protocol to create apps that span Solana and EVM blockchains.
https://www.circle.com/blo...
Builders on Solana can now embed secure wallets tailored to their apps and sponsor transaction fees of their users to streamline user experience.
Programmable Wallets enables #devs to build on Solana using flexible REST APIs in any language.
Devs can combine Programmable Wallets with Cross-Chain Transfer Protocol to create apps that span Solana and EVM blockchains.
https://www.circle.com/blo...
Empowering the Solana Ecosystem: Circle's Web3 Services is Now Available on Solana
Circle’s Web3 Services now support the Solana blockchain. Learn more about how this empowers Solana's developer community.
https://www.circle.com/blog/empowering-the-solana-ecosystem-circles-web3-services-is-now-available-on-solana
18 days ago
Cultivating
Mint_Blockchain
MintTree $MINT in the #MintForest by
Mint_Blockchain
, the L2 for the NFT industry!
Collect your ME point here: [https://mintchain.io/mint-...]
#MintBlockchain #NFT #Layer2 #ME
Mint_Blockchain
MintTree $MINT in the #MintForest by
Mint_Blockchain
, the L2 for the NFT industry!
Collect your ME point here: [https://mintchain.io/mint-...]
#MintBlockchain #NFT #Layer2 #ME
19 days ago
21.co, the parent company of 21Shares a crypto service provider, launched 21BTC, a native Bitcoin asset on the Solana blockchain
This wrapped token is 100% backed by Bitcoin (BTC), with reserves held by a third-party custodian on a 1:1 basis. According to 21.co, 21BTC on Solana offers:
•Better security without the Lock-And-Mint technology
•100 percent physically collateralization
•Deep liquidity and
• Operational excellence.
This wrapped token is 100% backed by Bitcoin (BTC), with reserves held by a third-party custodian on a 1:1 basis. According to 21.co, 21BTC on Solana offers:
•Better security without the Lock-And-Mint technology
•100 percent physically collateralization
•Deep liquidity and
• Operational excellence.
20 days ago
Jupiter Exchange on Solana has launched the Giant Unified Market (GUM) initiative on the Solana blockchain. The aim of this is to integrate various investments into one market accessible to investors in every niche.
Be it memecoins, RWAS, stocks, forex etc Jupiter and the GUM Alliance are bringing all these assets to Solana, allowing users to transact across all these markets atomically.
Be it memecoins, RWAS, stocks, forex etc Jupiter and the GUM Alliance are bringing all these assets to Solana, allowing users to transact across all these markets atomically.
20 days ago
COSMOS & SOLANA
Cosmos is striving to create the internet of Blockchains. With Picasso Network coming into the picture, Solana is now plugged into the Inter-Blockchain Communication Protocol (IBC).
New integration
More expansion
Cosmos is striving to create the internet of Blockchains. With Picasso Network coming into the picture, Solana is now plugged into the Inter-Blockchain Communication Protocol (IBC).
New integration
More expansion
20 days ago
Amid the concerns about outages and congestion, Solana scored the title ‘Best Blockchain of 2024'.
CoinGecko, who is behind this interesting title, praised Solana for its high traffic making it the most used/ popular blockchain.
CoinGecko, who is behind this interesting title, praised Solana for its high traffic making it the most used/ popular blockchain.
