Proof of History (PoH) is a unique consensus mechanism developed by the Solana blockchain that enhances scalability and transaction throughput by using a verifiable delay function (VDF) to create a historical record of events in the blockchain. Unlike traditional consensus mechanisms like Proof of Work (PoW) or Proof of Stake…
Bitcoin is down by a modest 1.5% today, struggling to maintain support around the $33,000 level. Throughout the first half of July, Bitcoin has been trading within a tight range between $36,000 and $32,000, signaling a potential upcoming breakout in either direction. Volume has remained notably low in July, particularly…
Proof of Work (PoW) is one of the foundational consensus mechanisms that underpins the security and functionality of blockchain networks. It plays a critical role in ensuring that transactions are validated and added to a blockchain in a decentralized manner. This post will explore the mechanics of PoW, how it…
XRP experienced a 9% surge today, moving toward the $0.70 mark. Against Bitcoin, XRP is working to reclaim the 2000 SAT level as it begins to break above a descending trend line that has been in place since June. XRP found solid support at $0.56, a level that corresponds to…
Bitcoin has experienced a notable 13% increase from its low of $34,760 yesterday. After a drop from $37,400 on Saturday, the leading cryptocurrency found support and began its recovery. In recent days, Bitcoin struggled to break the $36,000 level, but that changed with a tweet. Elon Musk, once again, stirred…
Smart contracts are self-executing contracts with the terms of the agreement directly written into lines of code. They are integral components of blockchain technology, enabling decentralized applications (dApps) to execute predefined actions once specific conditions are met. Smart contracts eliminate the need for intermediaries, ensuring transparency, security, and efficiency. While…
Ethereum has experienced a sharp 10% decline today, reaching a low of $3141. When measured against Bitcoin, ETH has fallen out of its upward price channel and is struggling to maintain support at 0.077 BTC. Ethereum broke beneath its ascending price channel over the weekend, sliding from above $4000 and…
In the ever-evolving world of cryptocurrency, the term “fork” often arises in discussions regarding blockchain upgrades, network changes, or disagreements within a blockchain’s community. A fork in the context of cryptocurrencies refers to a change in the underlying protocol of a blockchain network, which can lead to the creation of…
Although experiencing a sharp decline today, XRP has seen a remarkable increase of nearly 50% in the past week. When measured against Bitcoin, XRP encountered significant resistance at approximately 2875 SAT, where it faced a bearish .618 Fibonacci level, before retracting to 2750 SAT today. XRP showed impressive growth throughout…
Ethereum has faced significant volatility recently, seeing a 14.5% drop from its recent highs of $2517. ETH initially encountered resistance at the 1.618 Fib Extension level, which led to a sharp decline. On Sunday, Ethereum fell to as low as $1925, finding support at the 0.618 Fib Retracement level. The…
Ethereum has experienced a slight recovery today, bouncing back from its earlier decline to $1652 and climbing to $1732. This rebound marks a pivotal point in the ongoing market dynamics for ETH, as it continues to face both short-term challenges and opportunities for upward movement. Let’s take a closer look…
Ethereum started the week on a positive note after bouncing above $1500 over the weekend. It formed a short-term ascending price channel, reaching as high as $1875 (1.414 Fib Extension) before encountering resistance. Unable to close above this level, ETH rolled over on Wednesday, finding support at $1755 (previous resistance).…