2 days ago
Daily Memecoin Recap - September 16
Never a dull day in this space
Binance Unexpected Listing
$neiro -> $151m to $70 .83m (-45%)
$neiro -> $14 .9m to $180 .6m (12.1x), CTO Neiro
- After influencers were bragging about the $neiro listing, binance actually listed the OG CTO $neiro
- The market has now chosen their winner
- The one that was listed is the one that VitalikButerin
interacted with
- The influencer pushed one dumped, while the CTO one pumped +1300%
Neiro Related Coins
$neiro -> $5m to $9 .47m (1.89x), on $sol
$ginnan -> $209k to $4 .74m (22.6x), $doge 's brother, on $eth , there's another one sitting at $19m
$rintaro -> hit $1m , " $neiro 's twin brother "
Trump Spaces
$fight -> $3 .83m to $18 .57m (4.84x), on $eth
$djt -> $2 .2m to $10 .2m (4.63x), "TrumpCoin"
$fight -> $200k to $871k (4.35x), on $solworldlibertyfi
Runner Of The Week
$moodeng -> $3m to $7 .63m (2.54x), viral hippo, continues ot push
Fomo Launches A Token
$UwU -> hit $362k , good meme
- $35k + in LP Rewards
- Launched by fomomofosol
, one of the realest & most trusted in the space
Hyped Launches
$dwolf -> $2 .4m to $5 .6m (2.33x), secured exchange listings today
$mushy -> hit $4m
Moonshot
$dev -> $5 .63m to $10 .14m (1.8x),
ChartFuMonkey's coin, $556k + in LP Rewards
$luci -> $1 .31m to $4 .13m (3.15x), $121k + in LP Rewards
$jinx -> $130k to $293k (2.25x), $52k + in LP Rewards, good art
$wade -> hit $454k , good dev, random meme
More Cooks
$ball -> $183k to $1 .78m (9.73x), "Ball Up Top", viral meme
$flash -> hit $393k , cute dog, infinitely memeable
$SBCLTR -> hit $363k , "Subculture"
$larp -> hit $323k , "lame ass roleplaying posers", good ticker
$random -> hit $246k , cool concept, website generates a random image
$bwed -> hit $212k , bread meme
$zeus -> hit $210k , good art, pushed by KOLs
$fud -> hit $179k , good ticker
$wong -> hit $162k , CTO
Uptober soon?
Never a dull day in this space
Binance Unexpected Listing
$neiro -> $151m to $70 .83m (-45%)
$neiro -> $14 .9m to $180 .6m (12.1x), CTO Neiro
- After influencers were bragging about the $neiro listing, binance actually listed the OG CTO $neiro
- The market has now chosen their winner
- The one that was listed is the one that VitalikButerin
interacted with
- The influencer pushed one dumped, while the CTO one pumped +1300%
Neiro Related Coins
$neiro -> $5m to $9 .47m (1.89x), on $sol
$ginnan -> $209k to $4 .74m (22.6x), $doge 's brother, on $eth , there's another one sitting at $19m
$rintaro -> hit $1m , " $neiro 's twin brother "
Trump Spaces
$fight -> $3 .83m to $18 .57m (4.84x), on $eth
$djt -> $2 .2m to $10 .2m (4.63x), "TrumpCoin"
$fight -> $200k to $871k (4.35x), on $solworldlibertyfi
Runner Of The Week
$moodeng -> $3m to $7 .63m (2.54x), viral hippo, continues ot push
Fomo Launches A Token
$UwU -> hit $362k , good meme
- $35k + in LP Rewards
- Launched by fomomofosol
, one of the realest & most trusted in the space
Hyped Launches
$dwolf -> $2 .4m to $5 .6m (2.33x), secured exchange listings today
$mushy -> hit $4m
Moonshot
$dev -> $5 .63m to $10 .14m (1.8x),
ChartFuMonkey's coin, $556k + in LP Rewards
$luci -> $1 .31m to $4 .13m (3.15x), $121k + in LP Rewards
$jinx -> $130k to $293k (2.25x), $52k + in LP Rewards, good art
$wade -> hit $454k , good dev, random meme
More Cooks
$ball -> $183k to $1 .78m (9.73x), "Ball Up Top", viral meme
$flash -> hit $393k , cute dog, infinitely memeable
$SBCLTR -> hit $363k , "Subculture"
$larp -> hit $323k , "lame ass roleplaying posers", good ticker
$random -> hit $246k , cool concept, website generates a random image
$bwed -> hit $212k , bread meme
$zeus -> hit $210k , good art, pushed by KOLs
$fud -> hit $179k , good ticker
$wong -> hit $162k , CTO
Uptober soon?
20 days ago
Daily Memecoin Recap - August 29
Market's waiting for a catalyst - there currently isn't a meta
6ix9ine Launch
$trolli -> hit $20 .9m
- 6ix9ine has been engaging with crypto twitter for the last couple of days
- He's joined the retardio community and has opened a tg channel
Mbappe Hacked
$mbappe -> hit $320m
- KMbappe's twitter was hacked
- The exploiter made a bunch of tweets and eventually tweeted a CA
- Someone 1 clip bought $1 ,000,000 worth and is down 95%+
Snoofi Comes Back To Life
$snoofi -> $2 .9m to $17 .9m (6.2x from the low)
- Reddit dog
- Community keeps getting stronger
- Dexscreener added a "reddit" button
NFT Collection Coins
$chungo -> hit $230k
$clown -> hit $230k , "Amphiprion ocellaris", fish meme
Dog Memes
$chua -> hit $1 .2m, $wdog team CTO, cute dog, "jotchua"
$def -> hit $475k , "Default Dog", blank picture of a dog
Cat Memes
$keycat -> $1m to $3 .7m (3.7x), viral meme, ATH $7m
$hmu -> $75k to $1 .3m (17x), "hit me up", coin that launched in July, randomly got CTO'd today, ATH is $3 .3m
$poor -> hit $615k , "wife wants a divorce", cat meme
Matt Furie Coins
$vix -> hit $645k
$brotty -> hit $500k , hyped launch, $brett as a robot
More Cooks
$art -> hit $2 .4m
$pac -> hit $1 .45m, "Photorealistic Autism Creature"
What did you hit today? 🤔
Market's waiting for a catalyst - there currently isn't a meta
6ix9ine Launch
$trolli -> hit $20 .9m
- 6ix9ine has been engaging with crypto twitter for the last couple of days
- He's joined the retardio community and has opened a tg channel
Mbappe Hacked
$mbappe -> hit $320m
- KMbappe's twitter was hacked
- The exploiter made a bunch of tweets and eventually tweeted a CA
- Someone 1 clip bought $1 ,000,000 worth and is down 95%+
Snoofi Comes Back To Life
$snoofi -> $2 .9m to $17 .9m (6.2x from the low)
- Reddit dog
- Community keeps getting stronger
- Dexscreener added a "reddit" button
NFT Collection Coins
$chungo -> hit $230k
$clown -> hit $230k , "Amphiprion ocellaris", fish meme
Dog Memes
$chua -> hit $1 .2m, $wdog team CTO, cute dog, "jotchua"
$def -> hit $475k , "Default Dog", blank picture of a dog
Cat Memes
$keycat -> $1m to $3 .7m (3.7x), viral meme, ATH $7m
$hmu -> $75k to $1 .3m (17x), "hit me up", coin that launched in July, randomly got CTO'd today, ATH is $3 .3m
$poor -> hit $615k , "wife wants a divorce", cat meme
Matt Furie Coins
$vix -> hit $645k
$brotty -> hit $500k , hyped launch, $brett as a robot
More Cooks
$art -> hit $2 .4m
$pac -> hit $1 .45m, "Photorealistic Autism Creature"
What did you hit today? 🤔
25 days ago
While you don't believe that the bull will hit NFT, let's figure out when it will happen 🤔
It has already happened. Why don't you understand where the liquidity has stagnated in the market, and what trend will conquer the market next?
Where is the next rocket? New SocialFi, shields in another chain? Which one? NEAR? CARDANO? While you are looking for new gems, liquidity is quietly flowing into already familiar channels, and the NFT market has already given it a local zazu 👋
It's even funny that the projects that were raped by sybils during the retro fever, holders of cult NFTs on the air were given more awards than their "faithful" adherents. But does this mean that the NFT sector will explode on this bull? Yes and no.
Last season's NFT bull run had just a few vessels to accumulate liquidity in - the CryptoPunks and Bored Ape Yacht Club collections. Then demand cut off supply, leading to incredibly high price expectations and hopes, and liquidity leaked into other random ETH collections and other chains. Boom, the bubble burst, something that can never be repeated.
We now have many chains with NFTs, liquidity and attention are spread out, and there is no single major trend in a select few NFT collections. But NFTs are here to stay, and they continue to grow as a category. And locally, that will never stop.
It has already happened. Why don't you understand where the liquidity has stagnated in the market, and what trend will conquer the market next?
Where is the next rocket? New SocialFi, shields in another chain? Which one? NEAR? CARDANO? While you are looking for new gems, liquidity is quietly flowing into already familiar channels, and the NFT market has already given it a local zazu 👋
It's even funny that the projects that were raped by sybils during the retro fever, holders of cult NFTs on the air were given more awards than their "faithful" adherents. But does this mean that the NFT sector will explode on this bull? Yes and no.
Last season's NFT bull run had just a few vessels to accumulate liquidity in - the CryptoPunks and Bored Ape Yacht Club collections. Then demand cut off supply, leading to incredibly high price expectations and hopes, and liquidity leaked into other random ETH collections and other chains. Boom, the bubble burst, something that can never be repeated.
We now have many chains with NFTs, liquidity and attention are spread out, and there is no single major trend in a select few NFT collections. But NFTs are here to stay, and they continue to grow as a category. And locally, that will never stop.
27 days ago
While you don’t believe that the bull will be affected by NFTs, let’s figure out when this happens 🤔
Already happened. Why don’t you understand where liquidity has accumulated in the market, and what trend will conquer the market next?
Where's the next rocket? New SocialFi ? Which one? NEAR? CARDANO? While you are looking for new gems, liquidity imperceptibly flows into already familiar channels, and the NFT market has already given a promise locally 👋
It’s even funny that the projects that were raped by the sibils during the retro fever were given more awards to the holders of the cult NFTs on air than to their “faithful” adherents. But does this mean that the NFT sector will explode on this bull? Yes and no.
Last season's NFT bull cycle only had a few vessels to accumulate liquidity in - the CryptoPunks collections and the Bored Ape Yacht Club . Demand then cut off supply, leading to incredibly high price expectations and hopes, with liquidity leaking into other random collections on ETH and other chains. Boom, the bubble burst, it can never be repeated.
We currently have many NFT chains, liquidity and attention are spread out, and there is no single major trend across a select few NFT collections. But NFTs are here to stay and continue to grow as a category. And locally it will never stop.
Already happened. Why don’t you understand where liquidity has accumulated in the market, and what trend will conquer the market next?
Where's the next rocket? New SocialFi ? Which one? NEAR? CARDANO? While you are looking for new gems, liquidity imperceptibly flows into already familiar channels, and the NFT market has already given a promise locally 👋
It’s even funny that the projects that were raped by the sibils during the retro fever were given more awards to the holders of the cult NFTs on air than to their “faithful” adherents. But does this mean that the NFT sector will explode on this bull? Yes and no.
Last season's NFT bull cycle only had a few vessels to accumulate liquidity in - the CryptoPunks collections and the Bored Ape Yacht Club . Demand then cut off supply, leading to incredibly high price expectations and hopes, with liquidity leaking into other random collections on ETH and other chains. Boom, the bubble burst, it can never be repeated.
We currently have many NFT chains, liquidity and attention are spread out, and there is no single major trend across a select few NFT collections. But NFTs are here to stay and continue to grow as a category. And locally it will never stop.
2 months ago
A few hours ago we conducted our first random user rewards initiative! Random holders of over 1M $MIM were airdropped 17,940 $MIM ($9.73 at time of writing)!
These rewards come from our Orca LP and the amount of recipients and amount of $MIM will only increase as volume rises! Get your 1M now to become eligible for next months wave!
These rewards come from our Orca LP and the amount of recipients and amount of $MIM will only increase as volume rises! Get your 1M now to become eligible for next months wave!
2 months ago
Pretty pumped with everything $MIM is cooking right now. User rewards every month to random holders, we hit top spot on r/cryptomoonshots, added meme bets to r/MIMonSOL, raid rewards bot coming today or tomorrow! Main page teasing airdrops! Love it 💜
@MagicInternetMoney
#Solana
#Bitcoin
#memecoin
@MagicInternetMoney
#Solana
#Bitcoin
#memecoin
2 months ago
Announcing holder rewards! Moving forward, we will be airdropping $MIM to random holders! Get rewarded just for holding!
Every month on the 15th the $MIM council harvests LP rewards from its massive MIM/SOL LP holding. We’re going to be sending 50% of the $MIM out to true holders.
The amount of recipients and amount of $MIM are entirely dependent on volume. We are scaling through a range of 25-100 recipients for the time being.
All you need to do is hold 1M $MIM or more. The snapshot will be taken randomly during the month and users selected randomly. We will provide more specific information about this on the days of the airdrops.
Every month on the 15th the $MIM council harvests LP rewards from its massive MIM/SOL LP holding. We’re going to be sending 50% of the $MIM out to true holders.
The amount of recipients and amount of $MIM are entirely dependent on volume. We are scaling through a range of 25-100 recipients for the time being.
All you need to do is hold 1M $MIM or more. The snapshot will be taken randomly during the month and users selected randomly. We will provide more specific information about this on the days of the airdrops.
3 months ago
Blast's airdrop is tomorrow
And the stakes couldn't be higher...
Here's what you need to know before tomorrow's drop 👇
It's almost... finally... just about here.
Ethereum’s Blast_L2 has been one of the more innovative protocols when it comes to incentive models for bootstrapping deposits and user activity.
They've been very successful thus far, enabling the network to accumulate over $2B in total value locked (TVL) and become the second-largest L2!
While Blast has transformed into a Goliath among L2s, the imminence of its airdrop – scheduled for tomorrow, June 26 – raises undeniable concerns about the network’s future in the aftermath of this much-anticipated event.
Today, we’re digging into what we know about the airdrop and unpacking the dilemma Blast faces in the post-drop battle to retain existing users and their capital! 👇
What's Happening with Blast?
Many early Blast depositors were shocked when they received a points multiplier instead of liquid tokens at mainnet launched in February, and despite promises to conduct a drop sometime in May, this date was subsequently delayed to June 26 (tomorrow!) for unknown reasons.
Although Blast had not provided complete tokenomics until today, it had committed to setting aside half of the nebulous initial airdrop allocation to recipients of “Points” and the other half to holders of “Gold.”
Further, Blast introduced “Jackpots” to distribute Gold to users; wallets could enter a “deck” of up to eight Blast-native tokens or NFTs into these randomly occurring events to receive Gold if one of their selected items is chosen as the Jackpot winner.
Needless to say, it's been a long, winding road filled with a lot of leaderboards and incentive charades. But now, after all this time, the team finally has to deliver on its airdrop.
$BLAST launches tomorrow at 10AM EST.
Who's Getting Blast's Airdrop?
Blast’s success has primarily hinged on users’ perceptions that interacting with the network will position them to receive lucrative token rewards, making it imperative for Blast to conduct a well-received airdrop to maintain its market dominance.
Although a monster initial airdrop allocation would certainly make users feel valued for their past activities, it would diminish the value of future airdrop incentives and dilute the potency of this airdrop farm. Alternatively, too small of an initial drop risks aggravating users and unraveling the belief that unclear BLAST allocation schemes are worth chasing.
In total, Blast reserved 50% of the total 100B BLAST supply for the community, with 17B of these tokens – roughly one-third of the total community allocation – set to be distributed through the initial, or Phase 1, airdrop.
The top 0.1% of airdrop recipients, about 1k addresses, will have to vest a portion of their airdrop linearly over 6 months and will be subject to minimum monthly Points thresholds based on their Phase 1 activity to fully vest their allocation – a clear effort to keep whales and their capital involved in the network's future.
An additional 8B BLAST subject to a 4-year linear unlock was granted to the recently established Blast Foundation, an organization intended to help the community realize the “Blast Vision,” further details of which are scheduled to be unveiled tomorrow alongside the airdrop.
On the other hand, a successful initial drop would build an outsized aura around the network and likely attract an increased amount of users and capital seeking to farm future incentives to Blast, turbocharging onchain metrics, bolstering the valuation of BLAST, and increasing the attractiveness of this opportunity!
Which future awaits Blast? We'll have a good idea in a few hours!
Written by JackInabinet
And the stakes couldn't be higher...
Here's what you need to know before tomorrow's drop 👇
It's almost... finally... just about here.
Ethereum’s Blast_L2 has been one of the more innovative protocols when it comes to incentive models for bootstrapping deposits and user activity.
They've been very successful thus far, enabling the network to accumulate over $2B in total value locked (TVL) and become the second-largest L2!
While Blast has transformed into a Goliath among L2s, the imminence of its airdrop – scheduled for tomorrow, June 26 – raises undeniable concerns about the network’s future in the aftermath of this much-anticipated event.
Today, we’re digging into what we know about the airdrop and unpacking the dilemma Blast faces in the post-drop battle to retain existing users and their capital! 👇
What's Happening with Blast?
Many early Blast depositors were shocked when they received a points multiplier instead of liquid tokens at mainnet launched in February, and despite promises to conduct a drop sometime in May, this date was subsequently delayed to June 26 (tomorrow!) for unknown reasons.
Although Blast had not provided complete tokenomics until today, it had committed to setting aside half of the nebulous initial airdrop allocation to recipients of “Points” and the other half to holders of “Gold.”
Further, Blast introduced “Jackpots” to distribute Gold to users; wallets could enter a “deck” of up to eight Blast-native tokens or NFTs into these randomly occurring events to receive Gold if one of their selected items is chosen as the Jackpot winner.
Needless to say, it's been a long, winding road filled with a lot of leaderboards and incentive charades. But now, after all this time, the team finally has to deliver on its airdrop.
$BLAST launches tomorrow at 10AM EST.
Who's Getting Blast's Airdrop?
Blast’s success has primarily hinged on users’ perceptions that interacting with the network will position them to receive lucrative token rewards, making it imperative for Blast to conduct a well-received airdrop to maintain its market dominance.
Although a monster initial airdrop allocation would certainly make users feel valued for their past activities, it would diminish the value of future airdrop incentives and dilute the potency of this airdrop farm. Alternatively, too small of an initial drop risks aggravating users and unraveling the belief that unclear BLAST allocation schemes are worth chasing.
In total, Blast reserved 50% of the total 100B BLAST supply for the community, with 17B of these tokens – roughly one-third of the total community allocation – set to be distributed through the initial, or Phase 1, airdrop.
The top 0.1% of airdrop recipients, about 1k addresses, will have to vest a portion of their airdrop linearly over 6 months and will be subject to minimum monthly Points thresholds based on their Phase 1 activity to fully vest their allocation – a clear effort to keep whales and their capital involved in the network's future.
An additional 8B BLAST subject to a 4-year linear unlock was granted to the recently established Blast Foundation, an organization intended to help the community realize the “Blast Vision,” further details of which are scheduled to be unveiled tomorrow alongside the airdrop.
On the other hand, a successful initial drop would build an outsized aura around the network and likely attract an increased amount of users and capital seeking to farm future incentives to Blast, turbocharging onchain metrics, bolstering the valuation of BLAST, and increasing the attractiveness of this opportunity!
Which future awaits Blast? We'll have a good idea in a few hours!
Written by JackInabinet
3 months ago
Should I hold or sell a coin?
Consider:
1) How are market conditions?
- If coins are selling off fast & majors are nuking -> no one wants to hold, why should you?
2) Is this a long-term play or a short-term one?
- Is this a $wolf type play, or a random cat meme?
3) Are you happy with your profits?
- If it's good enough to take a screenshot, sell
4) Risk management
- Always risk an amount that you're comfortable losing. You should not be stressed whenever you enter a trade as this will cause you to act emotionally
Consider:
1) How are market conditions?
- If coins are selling off fast & majors are nuking -> no one wants to hold, why should you?
2) Is this a long-term play or a short-term one?
- Is this a $wolf type play, or a random cat meme?
3) Are you happy with your profits?
- If it's good enough to take a screenshot, sell
4) Risk management
- Always risk an amount that you're comfortable losing. You should not be stressed whenever you enter a trade as this will cause you to act emotionally
3 months 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
3 months ago
Daily Memecoin Recap - June 7
Amidst $sol dumping,
brought volume to memes
Almost any coin related to Tate would fly
Timeline of events - Andrew Tate meta
- Andrew started by saying he was going to diamond hand a bunch of random coins
- He then posted a video of him arguing with Tristan about diamond handing these coins
- Next, he posted saying "I WILL CRASH THE SOLANA NETWORK"
- He then posted an address and told people to send him coins
- People sent him hundreds of different coins
- He burnt some of them
All other influencer coins dumped
Have a great weekend🤝
Amidst $sol dumping,
brought volume to memes
Almost any coin related to Tate would fly
Timeline of events - Andrew Tate meta
- Andrew started by saying he was going to diamond hand a bunch of random coins
- He then posted a video of him arguing with Tristan about diamond handing these coins
- Next, he posted saying "I WILL CRASH THE SOLANA NETWORK"
- He then posted an address and told people to send him coins
- People sent him hundreds of different coins
- He burnt some of them
All other influencer coins dumped
Have a great weekend🤝
4 months ago
🚀 We're back! The BullVerse Lottery is trying again! 🎉 Join us for another chance to win big. Every 0.1 Solana = 1 entry. Let’s make it happen this time! 🍀🔄
Solana: 3Ji2wuBMTwNEyunGFGxs5iKavun4wGY3mXn87YyDapMB
Winnings are sent to a random adress used to enter, do not enter using other wallets besides your own. Good luck🚀💫
Solana: 3Ji2wuBMTwNEyunGFGxs5iKavun4wGY3mXn87YyDapMB
Winnings are sent to a random adress used to enter, do not enter using other wallets besides your own. Good luck🚀💫
4 months ago
Alright doing a giveaway , 1 Sol for a Random Bullverse user.
To participate you should be a follower & :
Bullish + rt
tag 3 friends
drop your $sol wallet
good luck!
#bullish #BULL #BullVerse
To participate you should be a follower & :
Bullish + rt
tag 3 friends
drop your $sol wallet
good luck!
#bullish #BULL #BullVerse
