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Upgrading Polygon PoS Chain to Boost Performance + TAHello friend. Today im going to explain about the latest happenings in polygon layer-2 blockchain. Lets see what will happen? When the Polygon PoS chain first launched it offered a much-needed solution for Ethereum’s scaling issues. It gave users and developers alike everything they love about Ethereum but with faster throughput and lower fees. Now, with tens of thousands of decentralized apps, over 207 million unique addresses, more than 2.3 billion processed transactions, and a vanishingly-small carbon-footprint, the Polygon PoS chain has emerged as the premier destination for dApps. It is home to some of the biggest Web3 projects like Uniswap and Aave as well as major companies like Robinhood, Adobe, and Stripe. But this is only the beginning. Longer-term technical upgrades to Polygon PoS are being worked on, like parallelization, even while other promising tech for scaling, like Polygon zkEVM, is being built. a critical hardfork will be proposed that will aim to: 1 - reduce severity of gas spikes; In order for a transaction to be included in a block, a gas fee is required. The “base fee” is the minimum fee for block inclusion, and is set in accordance with EIP-1559. Although on-chain gas dynamics work well a majority of the time, when the chain experiences high demand, the base gas fee experiences exponential spikes. Increased gas prices are normal during surges in demand on any blockchain protocol. But “gas spikes,” which represent exponential growth in price, are not. They are a result of EIP-1559 and the Polygon PoS chain’s faster block times (~2s.) 2 - address chain reorganizations (reorgs) in an effort to reduce time to finality. Decrease the sprint length from 64 to 16 blocks. By reducing the length to 16 blocks, this upgrade means a single block producer will produce blocks continuously for a much shorter time (~32 sec) than the current (~128 seconds). Doing so will decrease the depth of reorgs. “Sprint length” describes the number of blocks a validator produces contiguous blocks on Bor chain. By reducing sprint length, the time a validator continuously produces blocks decreases. The result? Lowering the chances of a secondary or tertiary validator (who hasn’t discovered the primary) kicking in to produce blocks, resulting in fewer reorgs overall. Reorgs are possible due to the architecture of the Polygon PoS chain, which relies on probabilistic consensus. Finality for a transaction is achieved based on the number of confirmed valid blocks on top of the block containing a transaction. In the Polygon PoS chain, applications wait approximately 50 blocks before considering a transaction final. A reorg occurs when a validator node receives new information that shows a longer, or higher version of the chain. The chain with the highest difficulty is called the “canonical” chain. If a longer version of the chain arrives with more blocks, this is the new canonical chain, and the old one must be discarded. Reorgs may impact transaction finality and disrupt the ability of an application to be confident that their transactions are part of the canonical version of the chain. Expectation after the hardfork: By decreasing the sprint length, the hardfork will help reduce the frequency and depth of reorgs, and improve transaction finality. The change will not affect the total time or number of blocks a validator produces, so there will be no change in rewards overall. Now lets look at technical perspective: take a look at picture below (thats a weekly chart): As you can see , the price supports in 0.76 strongly with a n Engulfing candle and now it reaches to the correction area. correction lasts till 50EMA (green line) and after that will increase again. Notice that this analysis is a Long-Term analysis . So try to invest in your own strategyk. I think Polygon will be one of the best ecosystems Blochchain seen in these years. THANK YOU fo reading my idea. PLZ support me and put your opinion in comments? What do you think?
MLong
by TraderAmin-KZ
XAU/USD (GOLD) BULLISH OUTLOOKOANDA:XAUUSD HI , TRADER'S , GOLD IS TRADING WITHIN FALLING WEDGE PATTERN Falling wedge is bearish reversal pattern means price can reverse and go up From last 3 week's Gold is bearish pressure , RSI AND STOCH NEAR OVERSOLD AREA It indicate's that reversal in very near , 2 scenario's mentioned if GOLD breakout upper wedge now than it can go upto 1832 area if gold fall from current resistance than one more leg down to 1801 area and than back up again Plan to buy dip's ❤️ Please, support my work with follow ,share and like, thank you !❤️
OANDA:XAUUSDLong
by INVESTRONE
USD/CHF BUY NOW 140 PIPS!!!After months of downward trend we seen price has approached a critical POC level at which its showing signs for a reversal, The most easy to identify structure is that of H4 and we see a nice Double bottom with a nice double bottom retracement to collect liquidity to push price high , and we saw price creating a high high(HH) So this is a sign for a shift of momentum So now price is still trying to find support around the 61.8 % fib which is also an area of high bullish volume, so its key to watch what happens here, wait for a nice confirmation before entering a trade Good-luck and Follow me
Long
by ShinForex1
2
A potential BTC price action rH&SWhen we look on a larger time-frame, foremost 1D, we can see more and more evidence that BTC moves with a channel, respecting the FIBO retracements. Also on a global scale we can see a reverses head and shoulder formation, that could lead to a short and rather rapid price explosion towards the uptrend. the RSI 13 illustrates that BTC returned from overbought to a normal level, expecting to retest or maintain top upper channel from 50 RSI 13 above. Recharging for a larger move. We also see that there is not much liquidity at higher price levels, hence the cohort of investors is not deciding to sale, but rather take profit and move some liqudity into the Altcoins, which pop-up. On a larger time frame we see a massive resistance at 27.5-31.5k, indicated with a red rectangle . The bitcoin seems to follow closely recovery from 2019 bottom, with a rapid uptake towards higher prices. Will this scenario play-out? This is a bit foreseeing but we see on the chart even more evidences for potential price speculation towards the uptrend. Important to highlight is the analysis of social sentiment: a large cohort of investors yet believes that this is a suckers rally, hence they do not participate in the market, but their belief may be invalidated when breaking out 25.3 and maintaining this regime, pushing them to loss aversion due to missing the opportunity (also known as FOMO). A confluence of: - The rH&S, FIBO extension - Massive volume resistance at arround 27-32k - VPVR at around 27-32 - Potential resistance line draw from the 2021 Mai ATH, that has been respected - On-chain analysis suggesting that the peak of the last bulllrun was in fact in Mai 2021 - On chain analysis, mainly aSOPR but also other parameters suggest a change in Investor's perception of the market towards the bull trend - Historic fractal pattern from 2019 bottom that has been a black swan event too - Golden Cross on 1D - PRice action multiply respecting the 50% retraction - MACD - STOCH RSI (not shown in analysis) This is surely a bet, but backed by several parameters that confluence. Good luck with trading
COINBASE:BTCUSDLong
by Dar00
1
Trading EUR/USD with Moving Averages and Price ActionA simple way to trade EUR/USD is by taking advantage of its tendency to retest the 200-period moving average on the hourly chart. To do this, wait for the currency pair to move away significantly from the 200-period moving average and show signs of overbought or oversold conditions with two peaks or troughs, along with divergence. This presents an opportunity to enter a trade in the direction of the moving average. To execute this strategy, first, identify the 200-period moving average on the hourly chart of the EUR/USD pair. Next, monitor the price action to look for significant deviations from the moving average with clear signs of overbought or oversold conditions. This may include the formation of two peaks or troughs with divergence in the price action. Once you have identified these conditions, consider entering a trade in the direction of the moving average. For instance, if the price is significantly above the moving average and shows signs of overbought conditions, consider entering a short trade. On the other hand, if the price is significantly below the moving average and shows signs of oversold conditions, consider entering a long trade. In summary, this strategy involves identifying overbought or oversold conditions in the EUR/USD pair, along with divergence and two peaks or troughs, as it moves away from the 200-period moving average. This can help you identify trading opportunities in the direction of the moving average. ----------------------------------------------- Share your feedback in the comments and demonstrate your support by liking the tutorial. Please follow if you're interested in more tutorials like this. Your support is highly valued!
Education
by Candlestick_OB
2
AYS Venture 5021 Bursa Saham Malaysia stock analysis 17-Feb-2023Short term analysis: (what we see from the chart) Price crossed-up MA50 (blue) & MA200 (white), possible to start bullish uptrend. Higher High Higher Low of price pattern is formed! Short term resistant @0.48 Smart Money Flow (MI02b) indicates Profit-chip (red bar) is increasing & Lost-chip (green bar) is dropped to minimal. Trade Setup Trial: Cost price 0.44 TP1 0.575 CL 0.41 Risk Reward Raio - 6.8% : 30.7% (1 : 4.5) #bursasaham #malaysiastockmarket #ays #5021 #bursamalaysia #malaysia #bursa #trendline #trendanalysis #technicalanalysis #chartpattern #trendpattern #uptrend #bullbear #supportresistance #technicalindicator #indicator #waveanalysis Disclaimer: This published Idea is solely for the purpose of education and opinion sharing, and should not be construed as investment advice or recommendations to buy or sell any security. Get your trade advise from a legit broker, you are responsible on your own trade.
MYX:AYS
by magicswings
USD/JPY Profit Target achieved 300pipsBasically this was a wonderful trade cause it was easy to identify, i will break down as follows: So we had a nice continuation to downside until we saw huge bullish volume pushing price high cause of the positive CPI which indicate likelihood of interest rate high. So with the volume and break of neckline of the structure we see a nice indication of change of trend as show below After breaking structure we saw price retrace to fib level 50% level which respect the triple bottom support and spike of huge bullish momentum this gave a clear indication of new highs so we waited for price to retrace to the neckline and entry for a buy to next liquidity level which is close to -0.27% If you guys love this breakdown leave a comment below
Long
by ShinForex1