3 hours ago
What's the Deal with MegaETH? 🤔
The upcoming Vitalik-backed L2 wants to be the 'real-time Ethereum'
What's its plan? Find out 👇
MegaETH, an upcoming L2 branded as the “real-time Ethereum” boasting sub-millisecond latency and capable of processing over 100k transactions per seco nd (TPS), just announced that it has received $20M in seed funding at a $100M + valuation!
The big names involved have attracted some major attention to the upstart chain.
Today, we’re discussing how MegaETH is innovating on contemporary Ethereum Virtual Machine (EVM) blockchain implementations to provide industry-leading performance capabilities and decentralization guarantees.
⭐️ What Makes MegaETH Special
High-performance alt L1s require their nodes to perform identical tasks without specialization, imposing a fundamental tradeoff between performance and decentralization. In comparison, MegaETH takes advantage of Ethereum’s L2s technology to create differentiated roles for nodes with varying hardware requirements.
MegaETH decouples the task of transaction processing from full nodes and creates three major roles for infrastructure operators: sequencers, provers, and full nodes. Although actual block production becomes increasingly centralized with MegaETH, flexible hardware requirements from node specialization ensures trustless block validation and could provide industry-leading decentralization guarantees.
A single active MegaETH sequencer will be responsible for ordering and executing user transactions, eliminating the consensus process during normal operations, and will pass state differences (i.e.; changes to the blockchain’s state) to full nodes via a peer-to-peer network, who then apply the state diffs to update their local state. Notably, MegaETH transactions are not re-executed by full nodes to verify block integrity; they instead validate blocks indirectly using proofs provided by the prover.
While blockchains have frequently turned to one-off solutions like parallelization in their pursuit of scale, enabling transactions touching different parts of state to be processed simultaneously on multiple CPU cores, the benefits of this specific approach are limited by the fact that many transactions contain dependencies, resulting in only modest boosts from parallelization for blockchain speed.
Such ambitions necessitate scaling node hardware to its limits while preserving decentralization (achieved through specialization) and require the creation of a system innately designed to approach the theoretical upper performance limit for a decentralized blockchain.
To this end, the MegaETH sequencer will store the entirety of its state in-memory and be the first blockchain to implement in-memory compute, a critical feature for high-performance Web2 applications that should enable MegaETH to accelerate state access by 1,000x compared to alternative solid state drive storage methods utilized by competitors.
🧐 Closing Thoughts
The significant performance improvements targeted by MegaETH over contemporary EVM implementations should provide a major boost to L2 performance and could finally produce a decentralized blockchain capable of handling real-world adoption!
Although some contend that MegaETH is best suited as a competitor against an Ethereum ecosystem largely uninterested in scaling its base layer, the optimizations achieved by MegaETH are made possible solely through its ability to outsource security and censorship resistance to existing decentralized networks, like Ethereum and EigenLayer.
Written by JackInabinet
The upcoming Vitalik-backed L2 wants to be the 'real-time Ethereum'
What's its plan? Find out 👇
MegaETH, an upcoming L2 branded as the “real-time Ethereum” boasting sub-millisecond latency and capable of processing over 100k transactions per seco nd (TPS), just announced that it has received $20M in seed funding at a $100M + valuation!
The big names involved have attracted some major attention to the upstart chain.
Today, we’re discussing how MegaETH is innovating on contemporary Ethereum Virtual Machine (EVM) blockchain implementations to provide industry-leading performance capabilities and decentralization guarantees.
⭐️ What Makes MegaETH Special
High-performance alt L1s require their nodes to perform identical tasks without specialization, imposing a fundamental tradeoff between performance and decentralization. In comparison, MegaETH takes advantage of Ethereum’s L2s technology to create differentiated roles for nodes with varying hardware requirements.
MegaETH decouples the task of transaction processing from full nodes and creates three major roles for infrastructure operators: sequencers, provers, and full nodes. Although actual block production becomes increasingly centralized with MegaETH, flexible hardware requirements from node specialization ensures trustless block validation and could provide industry-leading decentralization guarantees.
A single active MegaETH sequencer will be responsible for ordering and executing user transactions, eliminating the consensus process during normal operations, and will pass state differences (i.e.; changes to the blockchain’s state) to full nodes via a peer-to-peer network, who then apply the state diffs to update their local state. Notably, MegaETH transactions are not re-executed by full nodes to verify block integrity; they instead validate blocks indirectly using proofs provided by the prover.
While blockchains have frequently turned to one-off solutions like parallelization in their pursuit of scale, enabling transactions touching different parts of state to be processed simultaneously on multiple CPU cores, the benefits of this specific approach are limited by the fact that many transactions contain dependencies, resulting in only modest boosts from parallelization for blockchain speed.
Such ambitions necessitate scaling node hardware to its limits while preserving decentralization (achieved through specialization) and require the creation of a system innately designed to approach the theoretical upper performance limit for a decentralized blockchain.
To this end, the MegaETH sequencer will store the entirety of its state in-memory and be the first blockchain to implement in-memory compute, a critical feature for high-performance Web2 applications that should enable MegaETH to accelerate state access by 1,000x compared to alternative solid state drive storage methods utilized by competitors.
🧐 Closing Thoughts
The significant performance improvements targeted by MegaETH over contemporary EVM implementations should provide a major boost to L2 performance and could finally produce a decentralized blockchain capable of handling real-world adoption!
Although some contend that MegaETH is best suited as a competitor against an Ethereum ecosystem largely uninterested in scaling its base layer, the optimizations achieved by MegaETH are made possible solely through its ability to outsource security and censorship resistance to existing decentralized networks, like Ethereum and EigenLayer.
Written by JackInabinet
10 hours ago
Reposting ecerything might get u the top prize, but the quality of the content u post gonna make u BullVerse influencer 🗿
22 hours ago
ORIGIN TRAIL
OriginTrail is an ecosystem that was originally designed with the aim of bringing blockchain technology into supply chain logistics and optimizing the management of data related to real assets in the digital space.
Launched in 2017 by 3 co-founders, OriginTrail offers a reliable platform for product sharing, authentication and tracking. Since then, the platform has evolved well and now integrates AI into its process. The idea is to create an ecosystem where autonomous AI agents make it possible to optimize data analysis to identify and solve logistical problems.
How does OriginTrail work?
At the heart of OriginTrail is the Decentralized Knowledge Graph (DKG), a vast interconnected network that allows unprecedented traceability, from the origin of a product to its final destination.
Unlike other blockchain solutions such as VeChain, OriginTrail's DKG offers unique multi-chain interoperability, allowing the smooth integration of data from different blockchains and even traditional systems.
When a manufacturer adds information about a product, it is distributed and stored securely on several nodes in the network, ensuring their integrity and availability.
The integration of artificial intelligence by OriginTrail also plays a crucial role in the analysis of this data. AI can quickly identify trends, detect anomalies and even predict potential problems in the supply chain.
OriginTrail also develops specialized "AI agents", designed to interact autonomously with the DKG, performing complex tasks such as regulatory compliance verification or logistics optimization.
Finally, the other key aspect of the system is confidentiality and data control. Companies using OriginTrail have precise control over their information, deciding which data to share publicly and which to keep private.
OriginTrail is an ecosystem that was originally designed with the aim of bringing blockchain technology into supply chain logistics and optimizing the management of data related to real assets in the digital space.
Launched in 2017 by 3 co-founders, OriginTrail offers a reliable platform for product sharing, authentication and tracking. Since then, the platform has evolved well and now integrates AI into its process. The idea is to create an ecosystem where autonomous AI agents make it possible to optimize data analysis to identify and solve logistical problems.
How does OriginTrail work?
At the heart of OriginTrail is the Decentralized Knowledge Graph (DKG), a vast interconnected network that allows unprecedented traceability, from the origin of a product to its final destination.
Unlike other blockchain solutions such as VeChain, OriginTrail's DKG offers unique multi-chain interoperability, allowing the smooth integration of data from different blockchains and even traditional systems.
When a manufacturer adds information about a product, it is distributed and stored securely on several nodes in the network, ensuring their integrity and availability.
The integration of artificial intelligence by OriginTrail also plays a crucial role in the analysis of this data. AI can quickly identify trends, detect anomalies and even predict potential problems in the supply chain.
OriginTrail also develops specialized "AI agents", designed to interact autonomously with the DKG, performing complex tasks such as regulatory compliance verification or logistics optimization.
Finally, the other key aspect of the system is confidentiality and data control. Companies using OriginTrail have precise control over their information, deciding which data to share publicly and which to keep private.
22 hours ago
Marginfi, a (DeFi) platform on Solana, has announced the upcoming launch of MarginSwap, a new feature enabling permissionless margin trading on any token pair.
This development comes as Solana's meme coin ecosystem continues to flourish, with over 120,000 new tokens created on the blockchain in the last week alone.
This development comes as Solana's meme coin ecosystem continues to flourish, with over 120,000 new tokens created on the blockchain in the last week alone.
24 hours ago
What is magicblock?
It's a taste of what's to come in the Solana gaming scene 🎮
A beginner's guide to the Onchain Game Engine 👇
Onchain game engines make it easier to build games with no external dependencies beyond their underlying blockchain.
To me, this is one of the most exciting areas of development in crypto today, and that’s why my curiosity was piqued when I recently came across MagicBlock Engine.
MagicBlock is a game engine that’s innovated an Ephemeral Rollups architecture for powering flexible and performant onchain games on Solana.
I think MagicBlock is an interesting look into what's to come in the Solana gaming scene, so let’s catch you up on all the basics.
What Is MagicBlock?
MagicBlock is a gaming framework built on top of Solana, designed to facilitate the development of fully onchain games and apps.
Recently, MagicBlock Engine showcased its capabilities at an a16zcrypto Demo Day event.
The demo featured a real-time, fully onchain game deployed entirely on Solana, and two clients played the game simultaneously with no lag thanks to the MagicBlock’s ability to delegate accounts into fast Solana validators.
What Are Ephemeral Rollups?
MagicBlock extends Solana's capabilities by introducing Ephemeral Rollups (ERs), which are designed to efficiently facilitate state transitions without fragmenting a game’s state.
MagicBlock’s Other Main Features
⚡️ BOLT — A framework that uses the Entity Component System (ECS) pattern to streamline the development of onchain games. It allows developers to quickly create modular, reusable, and extendable game components and logic.
🪪 SOAR — SOAR stands for Solana Onchain Achievement & Ranking. This reputation system lets developers readily define achievements based on onchain activities, track and display user rankings, and deploy rewards.
🔑 Session keys — MagicBlock recently helped add support for session keys in the Solana Unity SDK, making it easier for its game devs to eliminate the need for repeated wallet popups during frequent in-game interactions in a secure fashion.
MagicBlock’s angle is to bypass these fragmentation issues by keeping assets on mainnet Solana, thus maintaining the possibility for atomic composability, while still achieving scalability with ERs. This way you get high throughput, customizable runtimes, and the ability for games and apps to seamlessly interact without needing interoperability solutions.
What to Watch Going Forward?
1. MagicBlock is new and still rearing up. Which onchain game will be the first to officially use this engine?
2. The recent MagicBlock demo achieved 50ms latency, which is competitive with modern gaming standards. Can we expect further optimizations that bring this latency even lower for even better real-time gameplay?
3. Earlier this year, Parallel announced its AI game Colony would be based on Solana. Could the Parallel team adopt MagicBlock Engine to meet its infrastructure needs here?
4. With MagicBlock maintaining assets on the Solana mainnet, developers have the potential for atomic composability. What use cases will emerge from this capability?
5. Onchain games benefit greatly from user-generated content (UGC) and user-generated logic (UGL). Will the SOAR system be used to incentivize these sorts of creations?
The Bottom Line
While MagicBlock is still in its early stages, its potential to catalyze Solana’s fully onchain gaming scene seems considerable, as its Ephemeral Rollups architecture can help it bypass key challenges faced by other gaming engines while still ensuring high performance. Looking ahead, be sure to stay updated on the team’s progress by following them on Twitter— they’re ones to watch in my opinion!
Written by WPeaster
It's a taste of what's to come in the Solana gaming scene 🎮
A beginner's guide to the Onchain Game Engine 👇
Onchain game engines make it easier to build games with no external dependencies beyond their underlying blockchain.
To me, this is one of the most exciting areas of development in crypto today, and that’s why my curiosity was piqued when I recently came across MagicBlock Engine.
MagicBlock is a game engine that’s innovated an Ephemeral Rollups architecture for powering flexible and performant onchain games on Solana.
I think MagicBlock is an interesting look into what's to come in the Solana gaming scene, so let’s catch you up on all the basics.
What Is MagicBlock?
MagicBlock is a gaming framework built on top of Solana, designed to facilitate the development of fully onchain games and apps.
Recently, MagicBlock Engine showcased its capabilities at an a16zcrypto Demo Day event.
The demo featured a real-time, fully onchain game deployed entirely on Solana, and two clients played the game simultaneously with no lag thanks to the MagicBlock’s ability to delegate accounts into fast Solana validators.
What Are Ephemeral Rollups?
MagicBlock extends Solana's capabilities by introducing Ephemeral Rollups (ERs), which are designed to efficiently facilitate state transitions without fragmenting a game’s state.
MagicBlock’s Other Main Features
⚡️ BOLT — A framework that uses the Entity Component System (ECS) pattern to streamline the development of onchain games. It allows developers to quickly create modular, reusable, and extendable game components and logic.
🪪 SOAR — SOAR stands for Solana Onchain Achievement & Ranking. This reputation system lets developers readily define achievements based on onchain activities, track and display user rankings, and deploy rewards.
🔑 Session keys — MagicBlock recently helped add support for session keys in the Solana Unity SDK, making it easier for its game devs to eliminate the need for repeated wallet popups during frequent in-game interactions in a secure fashion.
MagicBlock’s angle is to bypass these fragmentation issues by keeping assets on mainnet Solana, thus maintaining the possibility for atomic composability, while still achieving scalability with ERs. This way you get high throughput, customizable runtimes, and the ability for games and apps to seamlessly interact without needing interoperability solutions.
What to Watch Going Forward?
1. MagicBlock is new and still rearing up. Which onchain game will be the first to officially use this engine?
2. The recent MagicBlock demo achieved 50ms latency, which is competitive with modern gaming standards. Can we expect further optimizations that bring this latency even lower for even better real-time gameplay?
3. Earlier this year, Parallel announced its AI game Colony would be based on Solana. Could the Parallel team adopt MagicBlock Engine to meet its infrastructure needs here?
4. With MagicBlock maintaining assets on the Solana mainnet, developers have the potential for atomic composability. What use cases will emerge from this capability?
5. Onchain games benefit greatly from user-generated content (UGC) and user-generated logic (UGL). Will the SOAR system be used to incentivize these sorts of creations?
The Bottom Line
While MagicBlock is still in its early stages, its potential to catalyze Solana’s fully onchain gaming scene seems considerable, as its Ephemeral Rollups architecture can help it bypass key challenges faced by other gaming engines while still ensuring high performance. Looking ahead, be sure to stay updated on the team’s progress by following them on Twitter— they’re ones to watch in my opinion!
Written by WPeaster
1 day ago
(E)
Note to self in near future. Thank you for believing in yourself and not being like 98% of stupid, uneducated people in finance. Thx also to astropeng for filling us with information and content and making social networking really interesting before the big moment (bullpad).
Of course, I also thank the other creators, but I've seen more of Astropeng than my own family 😂
Now that you've made it, go and fill up with coconut on the beach in the Maldives fcking degen
Of course, I also thank the other creators, but I've seen more of Astropeng than my own family 😂
Now that you've made it, go and fill up with coconut on the beach in the Maldives fcking degen
2 days ago
🎙️ Jérôme Powell, President of the FED, declared:
“The #inflation is showing signs of resuming its disinflationary trend.”
“We are returning to a disinflationary trajectory.”
“We’ve made a lot of progress.”
We need you Powell
“The #inflation is showing signs of resuming its disinflationary trend.”
“We are returning to a disinflationary trajectory.”
“We’ve made a lot of progress.”
We need you Powell
2 days ago
DID YOU KNOW
Solana's liquidity layer Marginfi plans to launch “mrgnswap,” which would allow traders to instantly long as well as short newly created meme coins with leverage.
Solana's liquidity layer Marginfi plans to launch “mrgnswap,” which would allow traders to instantly long as well as short newly created meme coins with leverage.
2 days ago
🚨 Ethereum ETFs will see $500 million in inflows in their first week according to analyst Lennix Lai.
“Although the assets under management of ETH ETFs are not as high as those of Bitcoin ETFs, their trading volumes can reach a similar level.”
https://www.dlnews.com/art.../
“Although the assets under management of ETH ETFs are not as high as those of Bitcoin ETFs, their trading volumes can reach a similar level.”
https://www.dlnews.com/art.../
2 days ago
📊 US spot Bitcoin ETFs recorded net inflows for the fifth consecutive day yesterday ($129.45 million).
3 days ago
Daily Memecoin Recap - July 1
Interesting day overall, influencers continue to hop on the crypto bandwagon
These influencer coins usually have an initial run-up, but unless the influencer does something unique to keep attention, the coin will die out
Gummy Team Launches A New Token
$baked -> hit $100m , hyped launch, same team as $gummy
Stevewilldoit Launch
$hero -> hit $82m ,
- Steve has been in crypto for years, he's very trusted by fans which explains why his coin reached so high
Sexyy Red Launches a Token
$presi -> hit $13m , "President Red"
- After several weeks of teasing, SexyyRed314_ drops the CA
Mike O'Hearn x Giga
$giga -> $42m to $150m (3.57x),
- Mike was teasing as if he would launch his own coin
- Instead of launching his own token like most of these influencers, he partnered with an already existing one
Influencer Launches
$mommy -> hit $1 .5m, NSFW
$bt -> hit $2m , BenTodar launch
Fake Influencer Launches
$sean -> hit $500k , SeanKingston says launch is in 24h (no official launch yet)
- Watch out for BhadBhabie & dohertyjackk, both aiming to launch a token
Yu-Gi-Oh Memes
$bwd -> hit $1 .99m, Blue-Eyes White Dragon, good team
$dmg -> hit $770k , Dark Magician Girl
Billy Makes A New ATH
$billy -> $53 .5m to $98m (1.83x)
New Spike Token Dominates The Old One
$spike -> $23 .55m to $47 .5m (2x), good team, rumors that it's the same team as the OG one which got exploited
New Matt Furie Memecoin
$doggs -> hit $19m , 95% bundled
- The dog that kills pepe Matt_Furie
Cat Memes
$loops -> hit $460k
$sleepy -> hit $400k
Roaring Kitty Discloses Owning 6.6% of Chewy
$chwy -> $320k to $10m (31x)
$chwy -> $700k to $8m (11.4x)
More Cooks
$walter -> $1 .53m to $5 .5m (3.59x), AB84 posted a pic of walter and said "dog of the day"
$steve -> $275k to $1 .9m (6.5x)
$sherif -> hit $10m , KOLs onboard, insanely good liquidity to market cap ratio
$glizzy -> hit $4m
$pungu -> hit $2 .7m
$garf -> hit $2 .2m, good website & art
Stay locked in, opportunities are everywhere
New month, new profits 🤝
Interesting day overall, influencers continue to hop on the crypto bandwagon
These influencer coins usually have an initial run-up, but unless the influencer does something unique to keep attention, the coin will die out
Gummy Team Launches A New Token
$baked -> hit $100m , hyped launch, same team as $gummy
Stevewilldoit Launch
$hero -> hit $82m ,
- Steve has been in crypto for years, he's very trusted by fans which explains why his coin reached so high
Sexyy Red Launches a Token
$presi -> hit $13m , "President Red"
- After several weeks of teasing, SexyyRed314_ drops the CA
Mike O'Hearn x Giga
$giga -> $42m to $150m (3.57x),
- Mike was teasing as if he would launch his own coin
- Instead of launching his own token like most of these influencers, he partnered with an already existing one
Influencer Launches
$mommy -> hit $1 .5m, NSFW
$bt -> hit $2m , BenTodar launch
Fake Influencer Launches
$sean -> hit $500k , SeanKingston says launch is in 24h (no official launch yet)
- Watch out for BhadBhabie & dohertyjackk, both aiming to launch a token
Yu-Gi-Oh Memes
$bwd -> hit $1 .99m, Blue-Eyes White Dragon, good team
$dmg -> hit $770k , Dark Magician Girl
Billy Makes A New ATH
$billy -> $53 .5m to $98m (1.83x)
New Spike Token Dominates The Old One
$spike -> $23 .55m to $47 .5m (2x), good team, rumors that it's the same team as the OG one which got exploited
New Matt Furie Memecoin
$doggs -> hit $19m , 95% bundled
- The dog that kills pepe Matt_Furie
Cat Memes
$loops -> hit $460k
$sleepy -> hit $400k
Roaring Kitty Discloses Owning 6.6% of Chewy
$chwy -> $320k to $10m (31x)
$chwy -> $700k to $8m (11.4x)
More Cooks
$walter -> $1 .53m to $5 .5m (3.59x), AB84 posted a pic of walter and said "dog of the day"
$steve -> $275k to $1 .9m (6.5x)
$sherif -> hit $10m , KOLs onboard, insanely good liquidity to market cap ratio
$glizzy -> hit $4m
$pungu -> hit $2 .7m
$garf -> hit $2 .2m, good website & art
Stay locked in, opportunities are everywhere
New month, new profits 🤝
4 days ago
#Bitcoin PUMP
Oh daaaamn! Waking up in the green 😂
Well I still didn't IN my Shorts yesterday but if an M appears in M15, I'll throw them twice as hard as expected!
Be careful because a Rupture GAP is powerful!
This is the importance of always waiting for validated patterns 🙏
I wake up calmly and give you the information 👌
Oh daaaamn! Waking up in the green 😂
Well I still didn't IN my Shorts yesterday but if an M appears in M15, I'll throw them twice as hard as expected!
Be careful because a Rupture GAP is powerful!
This is the importance of always waiting for validated patterns 🙏
I wake up calmly and give you the information 👌
4 days ago
(E)
The strength of the #BullVerse project and the seriousness of the team are reflected in a truly bullish chart.
This one is almost 2 months old and still undervalued. At the time of the big dump, we had support of around 190k, which shows that we have a lot of holder who believe in the project. When I say a lot, it's obviously in relation to the size of the project and its very low capitalization.
What's even more incredible is that we were able to build a solid base even before the bullpad and the influx of so many people.
This one is almost 2 months old and still undervalued. At the time of the big dump, we had support of around 190k, which shows that we have a lot of holder who believe in the project. When I say a lot, it's obviously in relation to the size of the project and its very low capitalization.
What's even more incredible is that we were able to build a solid base even before the bullpad and the influx of so many people.
4 days ago
🚨 The number of crypto ATMs installed worldwide increased by 17.8% over the last 12 months to reach 38,279.
It is closing in on its record of 39,541 from December 2022.
The number of crypto ATMs installed in 2024 is 2,564 ATMs.
It is close to the number of ATMs retired in 2023 which is 2,861 ATMs.
More than 82% of the world's crypto ATMs are in the United States 🇺🇸
7.7% is in Canada 🇨🇦
1,584 crypto ATMs in Europe 🇪🇺
Bitcoin Depot, Coinflip and Athena Bitcoin are the leading crypto ATM operators, with 7,543, 5,057 and 2,756 ATMs respectively.
https://cointelegraph.com/...
It is closing in on its record of 39,541 from December 2022.
The number of crypto ATMs installed in 2024 is 2,564 ATMs.
It is close to the number of ATMs retired in 2023 which is 2,861 ATMs.
More than 82% of the world's crypto ATMs are in the United States 🇺🇸
7.7% is in Canada 🇨🇦
1,584 crypto ATMs in Europe 🇪🇺
Bitcoin Depot, Coinflip and Athena Bitcoin are the leading crypto ATM operators, with 7,543, 5,057 and 2,756 ATMs respectively.
https://cointelegraph.com/...
5 days ago
THE FUCK PEOPLE SOLD THIS EARLY PROBABLY THEY NEED TO GET SOME MEDITATIONS
BULLVERSE HAD COOL PROJECT
FIRST THIS SOCIAL MEDIA WILL BE NO 1 MEDIA
ALL INFLUENCERS AND CELEBRITY WILL JOIN TO THIS AND MAKE THIS BECOME THEIR SOCIAL MEDIA LIKE X , FACEBOOK OR WHATEVER
SECOND THIS BULLVERS WILL LAUNCH THE BULLPAD SO EVERYBODY COULD MAKE OWN COIN WITH $1 ONLY
WILL BE THE BEST THAN PUMPFUN
BULLVERSE HAD COOL PROJECT
FIRST THIS SOCIAL MEDIA WILL BE NO 1 MEDIA
ALL INFLUENCERS AND CELEBRITY WILL JOIN TO THIS AND MAKE THIS BECOME THEIR SOCIAL MEDIA LIKE X , FACEBOOK OR WHATEVER
SECOND THIS BULLVERS WILL LAUNCH THE BULLPAD SO EVERYBODY COULD MAKE OWN COIN WITH $1 ONLY
WILL BE THE BEST THAN PUMPFUN
7 days ago
GOOD MORNING HUMANS 👽
ALWAYS BE POSITIVE..ALWAYS BE A KING 👑
NOW COME CURATE SOME ART FOR YOUR SOUL😎
NEWLY LAUNCHED...COME SEE MY X FOR MORE INFO
Collection: SEMPLICITA'
https://opensea.io/collect...
ALWAYS BE POSITIVE..ALWAYS BE A KING 👑
NOW COME CURATE SOME ART FOR YOUR SOUL😎
NEWLY LAUNCHED...COME SEE MY X FOR MORE INFO
Collection: SEMPLICITA'
https://opensea.io/collect...
8 days ago
Daily Memecoin Recap - June 26
We never know how long a hot market will last
Take advantage of all opportunities
Political Coins
$vunce -> hit $682k , based on JDVance1
, potential for him to become Trump's VP
$debate -> hit $510k , realDonaldTrump vs POTUS
debate is tomorrow
Amber Rose Launching Soon
$amber -> hit $685k , DaRealAmberRose
, she has NOT launched yet
$muva -> hit $510k
- Fake coins coming out
- People are speculating that her coin might have already launched
- Important to note, $jason was rugged by Sahil & Jason Derulo then "CTO'd" that coin
- People are now waging that the same playbook will be ran by other influencers
Jason Derulo Engages with Crypto Twitter
$jason -> $11 .5m to $36 .8m (3.2x),
$ice -> hit $500k , Jason's Dog
Influencer Coins
$lilpump -> $2 .32m to $5 .5m (2.37x), coming back to life as
lilpump tries to push it $faddy -> hit $1 .6m,
Cat Memes
$sc -> $325k to $5 .4m (13.23x)
$bobby -> hit $3 .3m, good CTO team
$gloop -> hit $2 .3m, instantly ran to millions after migrating to raydium
$ichi -> hit $595k , when you search "cat", this is the first one to pop up on Google, CTO
Moni Secures a Gotbit Partnership
$moni -> hit $17 .1m, bird meme,
Hawk Tuah Still Alive
$HawkTuah -> $5 .29m to $15 .5m (2.93x),
elonmusk posted a picture of a hawk
More Cooks
$bucky -> $4 .5m to $24 .5m (5.44x), good team
$gol -> $465k to $5m (10.75x), dead coin came back to life
$zaza -> $590k to $2m (3.39x), slowly climbing towards ATH
$sprite -> $400k to $1 .1m (2.75x), "McDonald's Sprite"
$gond -> hit $1 .8m
$ily -> hit $970k , CTO on an old coin
$saudi -> hit $808k , "Saudi Habibi"
$ham -> hit $800k , "first ape on the moon", launched on
dexscreener's moonshot
$cart -> hit $735k , Target Cart Basket
Remember to prioritize risk management at all times
You should not be stressed while in a trade as this will make you act emotionally
Happy Trading🤝
We never know how long a hot market will last
Take advantage of all opportunities
Political Coins
$vunce -> hit $682k , based on JDVance1
, potential for him to become Trump's VP
$debate -> hit $510k , realDonaldTrump vs POTUS
debate is tomorrow
Amber Rose Launching Soon
$amber -> hit $685k , DaRealAmberRose
, she has NOT launched yet
$muva -> hit $510k
- Fake coins coming out
- People are speculating that her coin might have already launched
- Important to note, $jason was rugged by Sahil & Jason Derulo then "CTO'd" that coin
- People are now waging that the same playbook will be ran by other influencers
Jason Derulo Engages with Crypto Twitter
$jason -> $11 .5m to $36 .8m (3.2x),
$ice -> hit $500k , Jason's Dog
Influencer Coins
$lilpump -> $2 .32m to $5 .5m (2.37x), coming back to life as
lilpump tries to push it $faddy -> hit $1 .6m,
Cat Memes
$sc -> $325k to $5 .4m (13.23x)
$bobby -> hit $3 .3m, good CTO team
$gloop -> hit $2 .3m, instantly ran to millions after migrating to raydium
$ichi -> hit $595k , when you search "cat", this is the first one to pop up on Google, CTO
Moni Secures a Gotbit Partnership
$moni -> hit $17 .1m, bird meme,
Hawk Tuah Still Alive
$HawkTuah -> $5 .29m to $15 .5m (2.93x),
elonmusk posted a picture of a hawk
More Cooks
$bucky -> $4 .5m to $24 .5m (5.44x), good team
$gol -> $465k to $5m (10.75x), dead coin came back to life
$zaza -> $590k to $2m (3.39x), slowly climbing towards ATH
$sprite -> $400k to $1 .1m (2.75x), "McDonald's Sprite"
$gond -> hit $1 .8m
$ily -> hit $970k , CTO on an old coin
$saudi -> hit $808k , "Saudi Habibi"
$ham -> hit $800k , "first ape on the moon", launched on
dexscreener's moonshot
$cart -> hit $735k , Target Cart Basket
Remember to prioritize risk management at all times
You should not be stressed while in a trade as this will make you act emotionally
Happy Trading🤝
9 days ago
Daily Memecoin Recap - June 25
Volume rotates back into memes as $sol pumps
First PumpFun coin to $1b +
$dorae -> hit $2b
$dorami -> hit $1m , "Doraemon's little sister"
- Many are very confused where this came from
- Extremely bundled (98% of supply bought by the dev)
- Less than 1000 holders
- Weird market cap vs liquidity ratio
Influencer Coins
$jason -> $5 .4m to $17 .9m (3.31x),
jasonderulo makes content promoting his new token
$lilpump -> $1 .1m to $3 .14m (2.85x)
$metal -> hit $2 .8m, Metallica got hacked, the hacker was posting a bunch of tweets promoting $metal . These have now been deleted
$mini -> hit $1 .7m, NSFW airikaca launch
$amber -> hit $530k ,
DaRealAmberRose hints at a launch (she has not officially launched yet), Sahil (notorious scammer) launches his own
$purpp -> hit $500k , smokepurpp launch
First Movers on Moonshot
$first -> $1 .73m to $8 .7m (5.02x), first coin on
dexscreener's moonshot $mc -> hit $7 .4m, MoonCat, "first meme cat launched on moonshot"
$md -> hit $998k , "MoonDog", CTO
$vivook -> hit $3 .9m, redacted VivekGRamaswamy
, new speculation arises that Vivek might become realDonaldTrump VP $truth -> hit $509k , Vivek's slogan
Animal Memes
$doogle -> $960k to $3 .61m (3.76x), good team
$bucky -> hit $8 .7m, rumors that it's the same team as $ponke
$sc -> hit $2m , "Star Cat", supported by MeteoraAG
$him -> hit $1 .7m, Asian + Cat meta, CTO
$chuck -> hit $478k , dog meme
More Cooks
$nobita -> hit $1 .3m, CTO
$sprite -> hit $630k , "McDonald's Sprite"
$caviar -> hit $491k , good team
$jar -> hit $425k , based on
aeyakovenko's tweet
It's clear that the memecoin space is highly dependent on majors
When majors pump, memecoin volume increases & vice versa
Volume rotates back into memes as $sol pumps
First PumpFun coin to $1b +
$dorae -> hit $2b
$dorami -> hit $1m , "Doraemon's little sister"
- Many are very confused where this came from
- Extremely bundled (98% of supply bought by the dev)
- Less than 1000 holders
- Weird market cap vs liquidity ratio
Influencer Coins
$jason -> $5 .4m to $17 .9m (3.31x),
jasonderulo makes content promoting his new token
$lilpump -> $1 .1m to $3 .14m (2.85x)
$metal -> hit $2 .8m, Metallica got hacked, the hacker was posting a bunch of tweets promoting $metal . These have now been deleted
$mini -> hit $1 .7m, NSFW airikaca launch
$amber -> hit $530k ,
DaRealAmberRose hints at a launch (she has not officially launched yet), Sahil (notorious scammer) launches his own
$purpp -> hit $500k , smokepurpp launch
First Movers on Moonshot
$first -> $1 .73m to $8 .7m (5.02x), first coin on
dexscreener's moonshot $mc -> hit $7 .4m, MoonCat, "first meme cat launched on moonshot"
$md -> hit $998k , "MoonDog", CTO
$vivook -> hit $3 .9m, redacted VivekGRamaswamy
, new speculation arises that Vivek might become realDonaldTrump VP $truth -> hit $509k , Vivek's slogan
Animal Memes
$doogle -> $960k to $3 .61m (3.76x), good team
$bucky -> hit $8 .7m, rumors that it's the same team as $ponke
$sc -> hit $2m , "Star Cat", supported by MeteoraAG
$him -> hit $1 .7m, Asian + Cat meta, CTO
$chuck -> hit $478k , dog meme
More Cooks
$nobita -> hit $1 .3m, CTO
$sprite -> hit $630k , "McDonald's Sprite"
$caviar -> hit $491k , good team
$jar -> hit $425k , based on
aeyakovenko's tweet
It's clear that the memecoin space is highly dependent on majors
When majors pump, memecoin volume increases & vice versa
10 days ago
Daily Memecoin Recap - June 24
DexScreener launches "moonshot", a competitor to pumpfun
First Coins On Moonshot
$first -> hit $5 .2m, first coin to finalize on moonshot
$mc -> hit $1 .8m, "Moon Cat"
$stan -> hit $1 .3m, first cat to finalize on moonshot
$mutt -> hit $969k , first dog on moonshot, second coin to finalize
$herbo -> hit $545k , "first celebrity coin on moonshot", based on gherbo
- The first 2 coins that bonded $first & $mutt had really bad LP's, but the following coins were fine
- Whenever something new launches, people look for the "first" of everything. Be on the lookout for these, that's where all the attention is
Moonshot Launches
$launch -> hit $788k , "Launch Party"
$matrix -> hit $727k , relaunch by the same team of a previous $matrix coin that ran to $4 .3m. "Escape the matrix"
$eagle -> hit $662k , based on dexscreener's logo
$pepe -> hit $627k , pepe on moonshot
$laika -> hit $577k , dog coin
$moon -> hit $456k , based on moonshot from dexscreener
Water Launch
$water -> hit $1b , hyped pre-sale launch
WikiLeaks founder Julian Assange strikes a plea deal
$assange -> hit $913k
Influencer Coins
$jason -> $1 .6m to $13 .3m (8.3x), jasonderulo continues to push
$bobbi -> hit $852k , Sahil posts a screenshot where Bobbi Althoff posts a CA on her ig story
$king -> hit $540k , Sahil hints at an adinross token
More Cooks
$peanie -> $1m to $2 .34m (2.34x), penguin meme
$bag -> $575k to $1 .7m (2.95x), "Ikea Bag"
$korg -> hit $2m , based on elonmusk's tweet, CTO
$micu -> hit $900k , cat meme
$jack -> hit $500k , dog meme
Keep an eye on high mc, major memes ( $boden , $tremp , $michi , etc.) that are looking to make a reversal
Buy when others are fearful, sell when others are greedy
DexScreener launches "moonshot", a competitor to pumpfun
First Coins On Moonshot
$first -> hit $5 .2m, first coin to finalize on moonshot
$mc -> hit $1 .8m, "Moon Cat"
$stan -> hit $1 .3m, first cat to finalize on moonshot
$mutt -> hit $969k , first dog on moonshot, second coin to finalize
$herbo -> hit $545k , "first celebrity coin on moonshot", based on gherbo
- The first 2 coins that bonded $first & $mutt had really bad LP's, but the following coins were fine
- Whenever something new launches, people look for the "first" of everything. Be on the lookout for these, that's where all the attention is
Moonshot Launches
$launch -> hit $788k , "Launch Party"
$matrix -> hit $727k , relaunch by the same team of a previous $matrix coin that ran to $4 .3m. "Escape the matrix"
$eagle -> hit $662k , based on dexscreener's logo
$pepe -> hit $627k , pepe on moonshot
$laika -> hit $577k , dog coin
$moon -> hit $456k , based on moonshot from dexscreener
Water Launch
$water -> hit $1b , hyped pre-sale launch
WikiLeaks founder Julian Assange strikes a plea deal
$assange -> hit $913k
Influencer Coins
$jason -> $1 .6m to $13 .3m (8.3x), jasonderulo continues to push
$bobbi -> hit $852k , Sahil posts a screenshot where Bobbi Althoff posts a CA on her ig story
$king -> hit $540k , Sahil hints at an adinross token
More Cooks
$peanie -> $1m to $2 .34m (2.34x), penguin meme
$bag -> $575k to $1 .7m (2.95x), "Ikea Bag"
$korg -> hit $2m , based on elonmusk's tweet, CTO
$micu -> hit $900k , cat meme
$jack -> hit $500k , dog meme
Keep an eye on high mc, major memes ( $boden , $tremp , $michi , etc.) that are looking to make a reversal
Buy when others are fearful, sell when others are greedy
10 days ago
Our Very Own BullPad -
If you're still having doubts here, the constant growth should be evidence enough to what BullVerse is gonna be.
A Bullpad to launch Your Token for for the insane🤯 price $1 !!!
Plus your token getting launched on Raydium if bonding curve marks $20k MarketCap.
Check Out These Features:
- Access to an Optional MM/Volume Bot
- Pre-pay to update token info & listings
- Get Marketing packages to further boost your token.
Easiest way to launch your token as a dev
Best Chance to avoid getting into rug pulls as a user..
#BullishonBullverse
If you're still having doubts here, the constant growth should be evidence enough to what BullVerse is gonna be.
A Bullpad to launch Your Token for for the insane🤯 price $1 !!!
Plus your token getting launched on Raydium if bonding curve marks $20k MarketCap.
Check Out These Features:
- Access to an Optional MM/Volume Bot
- Pre-pay to update token info & listings
- Get Marketing packages to further boost your token.
Easiest way to launch your token as a dev
Best Chance to avoid getting into rug pulls as a user..
#BullishonBullverse
11 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.
11 days ago
Daily Memecoin Recap - June 23
Volume continues to decline
Market feels very PvP at the moment, focus on preserving capital
Jason Derulo Launches a coin
$jason -> hit $5 .7m
-
jasonderulo claims that Sahil (notorious influencer coin scammer) manipulated him for this launch
- Sahil posted the coin on his tg, market cap went from $115k to $1 .7m
- Price back down to $30k mc, and started to stagnate
- Jason posted saying he bought $20k worth & claims he's dedicated to his coin
YNW Melly Launches a coin while being incarcerated
$melly -> hit $537k ,
Influencer Coins
$afroman -> hit $513k , Afroman launches a coin ogafroman
, beta to $daddy
$tyga -> hit $408k , Sahil's launch, based on Tyga
Arabic Meta
$saif -> hit $2 .4m, cat meme, very active community
$abu -> hit $918k , penguin meme, 100+ people in vc
$hapepe -> hit $835k , habibi + $pepe
Scrat Launch
$scrat -> hit $90 .5m, heavily bundled, same team as $peng
CTO's with Good Communities
$genie -> $400k to $1 .7m (4.25x), based on Cobratate
$bicho -> $350k to $2 .2m (6.28x), dog meme
$shrub -> hit $1 .4m,
elonmusk's wife's hedgehog
$genie -> hit $855k , $pepe + genie, pushed by some callers
$lord -> hit $712k , 125+ people in vc, lord of the rings +Matt_Furie
More Cooks
$steve -> $1m to $6m (6x), good art & community
$bag -> $300k to $820k (2.73x), ikea bag
$wood -> hit $1 .1m, "tryna hold this wood"
$bif -> hit $870k , $brett + $wif
$ohno -> hit $500k , monkey meme, KOLs onboard, good community
Weekends are usually slow, looking forward to seeing what tomorrow brings us
Lock in
Volume continues to decline
Market feels very PvP at the moment, focus on preserving capital
Jason Derulo Launches a coin
$jason -> hit $5 .7m
-
jasonderulo claims that Sahil (notorious influencer coin scammer) manipulated him for this launch
- Sahil posted the coin on his tg, market cap went from $115k to $1 .7m
- Price back down to $30k mc, and started to stagnate
- Jason posted saying he bought $20k worth & claims he's dedicated to his coin
YNW Melly Launches a coin while being incarcerated
$melly -> hit $537k ,
Influencer Coins
$afroman -> hit $513k , Afroman launches a coin ogafroman
, beta to $daddy
$tyga -> hit $408k , Sahil's launch, based on Tyga
Arabic Meta
$saif -> hit $2 .4m, cat meme, very active community
$abu -> hit $918k , penguin meme, 100+ people in vc
$hapepe -> hit $835k , habibi + $pepe
Scrat Launch
$scrat -> hit $90 .5m, heavily bundled, same team as $peng
CTO's with Good Communities
$genie -> $400k to $1 .7m (4.25x), based on Cobratate
$bicho -> $350k to $2 .2m (6.28x), dog meme
$shrub -> hit $1 .4m,
elonmusk's wife's hedgehog
$genie -> hit $855k , $pepe + genie, pushed by some callers
$lord -> hit $712k , 125+ people in vc, lord of the rings +Matt_Furie
More Cooks
$steve -> $1m to $6m (6x), good art & community
$bag -> $300k to $820k (2.73x), ikea bag
$wood -> hit $1 .1m, "tryna hold this wood"
$bif -> hit $870k , $brett + $wif
$ohno -> hit $500k , monkey meme, KOLs onboard, good community
Weekends are usually slow, looking forward to seeing what tomorrow brings us
Lock in
11 days ago
- Jupiter, Orca and Drift are some of the top decentralized exchanges (DEXs) on Solana 2024.
- Solend, Marginfi and Kamino are some of the lending protocols on Solana 2024.
- Marinade Finance and Jito are some of the staking platforms on Solana 2024
- $BONK , $DADDY , $MOTHER and other celebrity memecoins have been ontop on Solana 2024.
- Solend, Marginfi and Kamino are some of the lending protocols on Solana 2024.
- Marinade Finance and Jito are some of the staking platforms on Solana 2024
- $BONK , $DADDY , $MOTHER and other celebrity memecoins have been ontop on Solana 2024.
13 days ago
JupiterExchange integrates in Onramper, an onramp aggregator featuring Stripe a builder of economic infrastructure on the Internet. This integration is to make for quick and easy access to crypto with the best prices.
This widget is live now with reduced fees for six months and no added fees from Jupiter.
This widget is live now with reduced fees for six months and no added fees from Jupiter.
13 days ago
Coinbase institutional just announced that it will be the custodian for North America's first Solana ETP, by 3iQ_corp.
As part of the partnership, 3iQ Corp will leverage it's institutional custody infrastructure to introduce Solana staking to Canada's ETP space.
As part of the partnership, 3iQ Corp will leverage it's institutional custody infrastructure to introduce Solana staking to Canada's ETP space.
14 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.
15 days ago
Daily Memecoin Recap - June 19
I missed the animal meta ngl
Dog meta
$bunny -> $87k to $1 .5m (17.2x), CTO
$vini -> hit $1 .5m, shiba inu aiming to rival $billy
$blinder -> hit $1m , peak blinders dog, CTO, called by KOLs
$sd -> hit $770k , shark dog, beta to $sc (shark cat), CTO
$camo -> hit $750k
$teddy -> hit $500k , golden retriever, burnt dev supply
$teef -> hit $450k
Cat meta
$pocat -> $265k to $2 .2m (8.3x), did an airdrop today
$lily -> hit $10m
$bebe -> $8 .7m
$ncat -> hit $1m
Mario Nawful claims that family members confirmed that $djt was related to Trump
$djt -> $78m to $176m (2.25x),
$barron -> $1 .65m to $6m (3.63x),
realDonaldTrump's son
$djtc -> hit $620k , "ShkreliTrumpTateAnsemRoxinu69", degen
Andrew Tate Puts Out A Poll: $daddy vs $rnt
$rnt -> $5 .25m to $15 .4m (2.93x), pumped as soon as the poll was posted, most thought
moved on from $rnt
$karma -> $51k to $730k (14.3x)
Landwolf Continues To Push
$wolf -> $47m to $102m (2.17x), heavily bundled with some of $brett 's team members
George Santos Posts A Pumpfun
$Q -> hit $4 .3m,
, possibility of his account being hacked
Matt Furie Memes
$brett -> hit $940k , " brett on $sol "
$sendy -> hit $2 .5m, "Dog by Matt Furie",
More Cooks
$asSol -> hit $3 .5m
$cityboys -> hit $968k , normie approved
$gilly -> hit $800k , goldfish meme
$king -> hit $500k , fake
coin, he followed their twitter
$fart -> hit $430k , fart noises
Watch out for coins that launch where a certain influencer is following their twitter
This is usually someone who sold their account
The buyer then changes the name/identity of the account to fool people into thinking a certain important person is involved
I missed the animal meta ngl
Dog meta
$bunny -> $87k to $1 .5m (17.2x), CTO
$vini -> hit $1 .5m, shiba inu aiming to rival $billy
$blinder -> hit $1m , peak blinders dog, CTO, called by KOLs
$sd -> hit $770k , shark dog, beta to $sc (shark cat), CTO
$camo -> hit $750k
$teddy -> hit $500k , golden retriever, burnt dev supply
$teef -> hit $450k
Cat meta
$pocat -> $265k to $2 .2m (8.3x), did an airdrop today
$lily -> hit $10m
$bebe -> $8 .7m
$ncat -> hit $1m
Mario Nawful claims that family members confirmed that $djt was related to Trump
$djt -> $78m to $176m (2.25x),
$barron -> $1 .65m to $6m (3.63x),
realDonaldTrump's son
$djtc -> hit $620k , "ShkreliTrumpTateAnsemRoxinu69", degen
Andrew Tate Puts Out A Poll: $daddy vs $rnt
$rnt -> $5 .25m to $15 .4m (2.93x), pumped as soon as the poll was posted, most thought
moved on from $rnt
$karma -> $51k to $730k (14.3x)
Landwolf Continues To Push
$wolf -> $47m to $102m (2.17x), heavily bundled with some of $brett 's team members
George Santos Posts A Pumpfun
$Q -> hit $4 .3m,
, possibility of his account being hacked
Matt Furie Memes
$brett -> hit $940k , " brett on $sol "
$sendy -> hit $2 .5m, "Dog by Matt Furie",
More Cooks
$asSol -> hit $3 .5m
$cityboys -> hit $968k , normie approved
$gilly -> hit $800k , goldfish meme
$king -> hit $500k , fake
coin, he followed their twitter
$fart -> hit $430k , fart noises
Watch out for coins that launch where a certain influencer is following their twitter
This is usually someone who sold their account
The buyer then changes the name/identity of the account to fool people into thinking a certain important person is involved
15 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
