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Proofofwork

$ETC/BTC 12h (#BinanceSpot) Bull-pennant breakout and retestEthereum Classic is looking bullish in satoshi and seems ready to push higher after Hashrate went up! ⚡️⚡️ #ETC/BTC ⚡️⚡️ Exchanges: KuCoin, Binance Signal Type: Regular (Long) Amount: 10.8% Current Price: 0.001758 Entry Zone: 0.001692 - 0.001548 Take-Profit Targets: 1) 0.0019950 2) 0.0023260 3) 0.0025970 Stop Targets: 1) 0.0013190 Published By: @Zblaba Risk/Reward= 1:1.25 | 1:2.35 | 1:3.25 Expected Profit= +23.15% | +43.58% | +60.31% Possible Loss= -18.58% Fib. Retracement= 0.786 | 1.272 | 1.618 Margin Leverage= 1x Estimated Gain-time= 5-6 weeks Tags: #ETC #ETCBTC #PoW #Mining #Ethash #EthClassic #Dino #Hardfork #SC Website: ethereumclassic.org Contracts: #Mainnet
Long
by TradingOn
2
ETHWUSD Multiple strong buy signalsEthereum Proof of Work (ETHWUSD) may be staging a strong rally ahead as not only did it break above the 4H MA100 (green trend-line) that rejected the price on September 25, but the 4H MACD formed the first Bullish Cross in 11 days. On top of that, with the 4H MA50 (blue trend-line) supporting since September 24, we have the potential of it crossing above the 4H MA100 thus forming ETHW's first Bullish Cross. Even though the 0.236 Fibonacci retracement level is the first technical Resistance, we expect a test of the 4H MA200 (orange trend-line) and then we can see the reaction from there. See how the Fibonacci levels match well on the prior Lower Highs during the downtrend. Those are candidates for bullish targets if this uptrend is sustained. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BITFINEX:ETHWUSD
by TradingShot
3
ETH Merge and its AftermathWhat is the Ethereum Merge and why? The Ethereum Merge is the most significant upgrade for the Ethereum Network migrating its consensus algorithm from Proof-of-Work (PoW) to Proof-of-Stake (PoS). It is achieved by running a parallel chain called the Beacon Chain on 1st December 2020, underwent more than 1.5years of extensive testing and bug bounties before merging the Beacon Chain to the Ethereum Mainnet (the ETH we hold and use now). The Beacon Chain is the consensus layer which replaces the existing layer of PoW and the execution layer of Ethereum (Mainnet), along with all its previous transaction records remain unchanged. Under the PoS consensus algorithm, Ethereum will be: 1) More accessible – Anyone can access the network and become a validator node as compared to owning expensive hardware for mining operations under PoW. 2) More scalable – Faster transaction speed, reduced gas fees and upgrades that are not possible under PoW to encourage more adoptions on Decentralised Applications (Dapps) and Decentralised Finance (DEFI). 3) More secure – Increased accessibility and participation makes the network more secure and more decentralized which mitigate the issue of 51% attack on the network that PoW is susceptible to. 4) More sustainable – PoW consumes a great amount of energy and is not sustainable for our environment. PoS is a more energy efficient way to validate transactions and produce blocks on the Ethereum blockchain. Observations after the Merge The Merge upgrade is successfully completed and 2 week after it, I found some interesting observations: 1) ETHW, which is the forked version of the pre-Merge ETH starts to trade actively on major exchanges such as Binance, FTX 2) ETH, ETC and ETHW lost value sharply right after the Merge for 3-4 days straight 3) ETHW moved move violently than the other 2 ETH counterparts 4) At the time of writing, ETH has dropped about 14%, ETC 27% and ETHW 44% You might ask, shouldn't an upgrade makes ETH better, and hence the price should increase? I have some hypothesis myself to explain the price action. ETH is the first blockchain protocol after Bitcoin that enables Smart Contracts. Being the first mover, it gained significant market share and has a large pool of developers / communities working on ETH's ecosystem before other PoS layer 1 projects such as and not limiting to TRX, ADA, NEO, ALGO, XTZ and BNB came into the market to offer comparable blockchain solutions that are faster, cheaper and more scalable. ETH's dominance was affected but not threatened because fundamentally, the consensus layer of ETH is different from the others as ETH relied on miners to validate transactions, which many argued is more secure and decentralized. The closest thing to ETH is ETC, which is a previous version of ETH after a forked that took place in 2016 and ETC made little changes since. However, after the Merge, PoW changed to PoS which in turn changed the very fundamental basis of valuation for ETH - Real world resources such as electricity, mining rigs, manpower, rental and operation cost. ETHW, which was given to ETH holders at a rate of 1:1 also saw large selling pressure after the Merge. Think about it, you have 10 ETH and now you are given 10 free ETHW, coupled with an vibrate marketplace created by existing Exchanges, most people will choose to sell their ETHW because it comes at zero cost for them. This Godsend freebies and also the lack of buyers in the market could explain why price of ETHW dropped notably steeper than ETH and ETC. Moving Forward It is evident to say that ETH miners did not stop their operations and wind down their businesses because of the Merge, it is just not economically sound because the infrastructures are already in place, switching to mine either ETC or ETHW will make more business sense as long as mining remains profitable. As for ETH, their long term roadmap seemed unchanged and carried out as planned. Next upgrade will be the introduction of Sharding and this will greatly increase the Transaction Per Second (TPS), making ETH more scalable. For further reading about this ETH roadmap, you can go to their Ethereum official page. Closing Thoughts.. Overall, I think the switch from PoW to PoS is a sound move as it is in line with ETH's vision of becoming the world's super computer and requires higher scalability. On the short term, I am bearish on the price of ETH until the world is ready to transit and embrace blockchain technology on a wider scale. There are many projects that are direct competitors of ETH and they started off on the PoS route at the very beginning and had went through many improvements and upgrades. Their community validator node bases are also stable and mature, they can seriously contend with ETH. ETHW has dropped much more than ETH and ETC, it could be a leading indication that ETH and ETC still has room of price correction, or ETHW is lagging behind the two after a serious selloff of the free airdrops and looking at a sharp price rebound, which I think the former is a more likely scenario.
by TradeWithWayneYia
ETHW (ETH PROOF OF WORK) 4 hr chart, UPDATE!ETHW (ETH PROOF OF WORK) 4 hr chart just looking bat this chart, I see right away Hidden Bullish Divergence...thats where the RSI (RELATIVE STRENGTH INDEX) charts a higher low and the price charts a lower low. Bc its so new and not alot of Data, that what i see right now quickly. Ill keep it updated. I see its still holding $8.00 which is big support this short into the new POW era, the RSI cannot break down beneath the line i have in the sand listed or its going lower.
BITFINEX:ETHWUSD
by bylerzone
Proof of work VS. Proof of StakeBINANCE:ETHUSDT Before Ethereum merge lets dive in little bit in fundamentals At the core of each cryptocurrency is a network of computers that helps keep software safe from hackers and controls how many new units can be made available. The consensus mechanism is the name for this set of rules. Proof of Work (PoW) and Proof of Stake (PoS) are the two most common consensus mechanisms. They both control the way that transactions between users are checked and added to the public blockchain ledger without the help of a central party. Understanding the differences can help you decide which cryptocurrencies to add to your portfolio. For example, cryptocurrencies that use Proof of Stake may come with more responsibilities or benefits. What does PoW (Proof of Work) mean? In the early 1990s, Proof of Work (PoW) was created as a way to stop email spam. It was thought that computers might have to do a little bit of work before sending an email. This job would be easy for someone sending a real email, but sending a lot of emails would take a lot of processing power and resources from users. But Satoshi Nakamoto, the person who made Bitcoin, was the first person to use the technology in a digital money system. He did this in the Bitcoin white paper. Blockchai Blockchain is a system made up of a chain of blocks, which are groups of transactions that are put in order by the time they were done. The software for the PoW blockchain has the genesis block, also called block 0, hardcoded into it. This block doesn't connect to the one before it because that's how it's made. Blocks that are added to the chain always refer to blocks that came before them, and each block has a copy of the whole updated book. Costs of energy PoW algorithms decide who can make changes to the ledger by setting up a race in which some participants (called "miners") are asked to use a lot of computing power to come up with valid blocks that follow the rules of the network. The nodes, which are any computer running the Bitcoin software, then verify the transactions, stop double spending (sending the same amount of money to two different people), and decide if the proposed blocks should be added to the chain. Miners on the PoW network compete to solve hard math problems, which is called "hashing," in order to make a new block. These puzzles are very hard to solve, but the network should be able to easily check that the answer is correct. Participation In the PoW protocol, computing power and cryptography are used together to reach a consensus and make sure that transactions on the blockchain are valid. Miners try to get the right answer to math problems during the hashing process and when making new blocks. To do this, miners try to figure out a string of numbers that seems to be random, called a hash. This, along with the data in the block, should produce a result that meets the conditions set by the protocol when it is run through a computer with a hash function. The winner's hash is then sent to the network so that other miners can check if the answer is correct. If the answer is right, the block is added to the block chain, and the miner gets a block reward. Giving out the prizes The block reward is the new cryptocurrency that is given to the miner by the blockchain for each valid block that the network accepts. After a certain number of blocks have been found, the block reward for some cryptocurrencies, like Bitcoin, goes down. This is to make sure that the total amount of money stays fixed and doesn't keep growing. What does PoS stand for? Proof of Stake (PoS) is a change to Proof of Work (PoW) that was made in 2012 to get rid of the idea that the blockchain's order was based on how much energy was used. Instead of having computers compete to make the matching hash, the PoS protocol is based on the idea that participation is determined by who owns a certain number of coins. Using a set of factors set by the protocol, the Proof-of-Stake (PoS) algorithm chooses a node (anyone who owns the coin) to propose the next block to the blockchain in a way that looks like it was chosen at random. When a node is chosen, its job is to check that the transactions in the block are correct, sign the block, and send it to the network to be checked. Blockchain Order Similar to PoW, a PoS blockchain is a system made up of a chain of blocks that are put in order by the time they were created. The genesis block is the name for the first block in the PoS blockchain, which is also hardcoded into the software. Blocks that are added to the chain always refer to blocks that came before them, and each block has a copy of the whole updated book. In Proof-of-Stake (PoS) currencies, there is no competition for who gets to add blocks. Because of this, blocks are often called "forged" or "minted" instead of "mined." Costs of energy PoS blockchains are different from PoW blockchains in that who can offer blocks is not just based on how much computing power and energy is used. People who like PoS often say that it is a "more energy-efficient" system because each node is in charge of making new blocks instead of competing with other nodes. Since both PoW mining and PoS minting require energy, mining and minting nodes want to use the cheapest form of electricity possible. This is usually from renewable sources like hydroelectric power, wind power, or solar power, not from sources that release greenhouse gases like coal. Also, PoS blockchains need to use specialized hardware (GPUs), which, like PoW mining hardware (ASICs) and other computers, costs money to make. PoS miners also have to keep their internet connections up and running, which takes energy. Participation Users who want to be chosen to add blocks to the PoS blockchain must stake or lock up a certain amount of blockchain currency in a special contract. How likely they are to be the next person to make a block is based on how many coins they bet. If a user does something bad, they might lose their share as a punishment. So that the richest nodes don't always win, PoS may use other factors to decide. These can be things like how long the node staked its coins or just pure chance. Giving out the prizes Similar to the PoW algorithm, the block reward in PoS is the cryptocurrency that the blockchain gives to the user who offers a valid block. But since blocks are chosen based on who owns the coins, exchanges may offer "staking" services that let users stake money on their behalf in exchange for more frequent payouts. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Education
by Crypto4light
The Fork of Thrones - Will the Merge Fracture the ETH Ecosystem?The much anticipated (or dreaded if you're a miner) "merge" coming in Sep 19th will officially move the Ethereum ecosystem from proof-of-work to proof-of-stake. Justin Sun seems to see the opportunity for this event to sow some chaos within his competition by supporting ETHW and ETHS coins on the Poloniex exchanges as of this week. - ETHW and ETHS is similar to ETC (Ethereum Classic) in the sense that they are hard-forks of the original ETH chain - which means that if you had money in a wallet during the time of the fork, you would have gotten copied coins of it there, too. (Free money!) FYI, if you had your money on an exchange during that time, however, the coins go to them, not you. - ETC has had many issues in the past, including having gotten 51% attacked, which is probably the worst thing that can happen on any given chain. These new projects (with more likely to emerge as a result of miners looking for work after leaving ETH2) will also be vulnerable to similar attacks just because the smaller size makes it easier for hackers to target. - A lot of developers and artists were chased off ETH due to its high-gas fee problems last year, and it's unclear if they're going to be going back, or if the foundation has any strategy of addressing this problem in the near future. (Right now the ecosystem is dominated by talks of speculators talking to other speculators about speculation - which usually is a bad sign for a project's long-term prospects.) ETH has many issues to contend with, even if the merge is successful. (Sharding and scaling issues are planned for 2023, not in September, btw - it's unclear whether or not this upgrade will have an impact on the high fees.) - Crypto's biggest sell during a recession - staking rewards - is not available on Bitcoin, since simply doesn't have the mechanism to do so. The rivalry between the two coins right now revolves around the pros/cons of PoW vs PoS, but keep in mind that on PoW, mining power = voting power; on PoS, money = voting power. Aside from Tezos (XTZ) and a few other niche projects, most coins do not offer on-chain governance so the results of voting will always be unclear and vulnerable to manipulation/misinformation. It's going to be a crazy year for both crypto and the general economy so hope people are prepared. Good luck, folks. 🤞
Editors' picks
COINBASE:ETHUSDLong
by RyanTanaka
23
Proof-of-Stake Coins Are Now Winning Web3. Can Bitcoin Survive?Along with the "decoupling" event that happened on Friday, Ethereum's announcement of the ETH2/Consensys/Merge coming up in August is likely to create some waves in the crypto space as the date approaches - not only will it affect the ETH ecosystem itself, there's a chance that it could have significant ripple effects on the tokens minted on top of it as well. Over the years there has been, however, a general trend towards Proof-of-Stake systems gaining more favorability, especially among DeFi projects - because of its greater efficiency and ease of use. After the merge, Bitcoin may be the only project left on the charts that is using the Proof-of-Work model - what does this mean for Web3 and crypto spaces longer term?
Long
by RyanTanaka
ETH2 "Merge" to Come in Aug. ETH/XTZ Rivalry Renewed?The Ethereum Foundation announced a soft-deadline for the long-anticipated ETH2/Consensys/"Merge" - which will move ETH's current proof-of-work systems over to proof-of-stake. DeFi and finance people tend to prefer PoS over PoW as an economic engine since it's more similar to how the banking industry operates. It also had the added benefit of being more secure, energy efficient, and easier to understand. The ETH team may have been feeling the pressure to do the migration sooner than later due to high gas fees having chased a lot of the developers and artists in the ecosystem off the chain - but may have been bogged down by speculators and miners who did well during previous runs and don't want things to change. The migration to PoS this summer needs to be smooth and without incident if the coin wants to maintain its long-term lead. But since they're dealing with legacy PoW systems that may or may not lead to complications down the line (on top of the politics of it all), we don't know how things will actually turn out. ETH's validator systems (XTZ has a similar system called "Baking") currently requires a massive 32 ETH investment - of which you have to sign a waiver agreeing that there is no definitive date where you might see your money back. In theory, post-merge the initial validators *should* be able to withdraw from the system but if this happens en-masse it could potentially spell a disaster for the project as a whole. A lot depends on how the ecosystem develops post-merge. (Though there is - to be fair - the potential for interest rates to shoot up in order to compensate for its loss.) Another worry for ETH is what will happen to the price post-merge - in theory, the system itself will "burn" its money supply to keep prices high, but in crypto utility coins and speculation coins are often correlated in an inverse manner. The team reassures investors that their money is safe, but given the new and unprecedented nature of this "merge", there still are no guarantees. In the meanwhile projects like Tezos (XTZ) - which has been proof-of-stake from the very beginning when it was proposed in 2014 - have been making moves both in the Web3 space and in the markets - one of the few coins this week that managed to remain in the green. It's also one of the chains that artists, developers, and businesses have flocked to after ETH's gas fees started becoming untenable, and we see signs that lesser known projects like these are starting to become more "viable" in recent months. Tezos' protocol was designed specifically for stability - it doesn't require hard-forks for upgrades, offers staking rewards (4.63% on Coinbase for merely holding it - ETH2 currently offers 3.675%), and has historically always had low gas fees, even during the craze of last year. Many people - especially in the arts and NFT spaces - have noticed and have migrated over. (e.g. https://teia.art, objkt.com.) The two chains historically have always had a rivalry of sorts, back when Ethereum decided to go with PoW, whereas Tezos decided to go with PoS as its Layer-1 from the very beginning. Tezos has remained mostly quiet during the bull runs of the last few years, but as the merge date gets closer, we might start to see this old rivalry re-emerge again.
Long
by RyanTanaka
Tezos (XTZ) Continues its Rally: The Future of NFTs and Web3Tezos continues to beat the markets (both in crypto and in fiat) as of this week, growing as much as 20% in the last 5 days while most other assets continues to slump. This growth is being driven by increased transactions and traction - particularly around the NFT marketplaces. A more detailed look at the history and growth potential of the chain. teia.surf (Curation Layer built on Teia) teia.art (Version 2 and re-brand of Hic et Nunc) objkt.com (One of the biggest NFT platforms on the Tezos ecosystem right now - recently formed a partnership with TEIA for cross-platform interoperability.)
BITFINEX:XTZUSDLong
by RyanTanaka
3
7% Channel Swings!BTC has been trading in a tight channel for over a week. I enjoy these ranges because it's easy to swing trade. Set your supports and resistance levels join a trade with a tight stop and if you're able to, set your take profits. If you're confident in your trade you will let the charts do the work and you will either get stopped out or secure profits. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! This is not financial advice. This is for educational purposes only.
by rnaofs
BTC Getting Ready For A Big Week Ahead!BTC has been trading in an extremely tight range for the past week. Currently the bulls and bears and battling it out but to be honest, it looks like the bears are running out of steam. The new week has started and if you look at my previous post, you'll notice that BTC has closed above support and the new weekly candle has started. I can see a push down to around 28k to make a higher low before moving up afterward. You'll notice in this post there are a few key S/R zones mapped. Let's see how this week plays out. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! This is not financial advice. This is for educational purposes only.
BITSTAMP:BTCUSD
by rnaofs
Top pick 3/3 - BSVThis is my first post after the FOMC meeting (that could indeed be very meeningful for the digital asset sector - time will tell). ----------------------------------------------------------------------------------------------------------------------------------------------------------- I have already posted many times and explained why I was bullish on BSV. I was early ... waaay early !! But I still think I will be proven right ! Since its ATH in january 2020 bitcoin sv has gone nothing than down down down, for almost 3 years. Can it go much lower ? I seriously doubt it ! Note: please, if you disagree with me and would like to comment, please try to develop some serious arguments. Do not comment: "bsv is a shitcoin" or "Craigh Write is faketoshi" or "bsv is a scam". You would only expose your own ignorance on the subject and would not add any value to the discussion ! BSV is a very serious project. Otherwise a player like IBM would not be working with BSV in order to build descentralized applications for its clients. This under-the-radar news has come out very recently. BSV will likely shock a lot of people. It is the only globally scalable version of bitcoin. On the technical side, the big long descending wedge that has formed for more than 900 days is coming to its apex. RSI has had a very very low read on the 28th december 2020 (around the 20.15 mark) which has never been challenged again - positive divergeance - we are at 36.29 at the time writing. The MACD is printing greeeeen for more than a year and has never turned red again ! What it implies is not only that bsv is looking bullish against btc, but it could have a bullish implication for the whole digital asset sphere.
BLong
by Dangermousebanana
Monero $XMR to Test $200Monero has benefited from recent market preference for privacy given recent actions to weaponize financial instruments and access. (ex: Canada v. Can Citizens, NATO countries v. Russia). 8 consecutive weekly green candles saw XMR appreciate from $130 to $290. Today, XMR is testing 20 EMA support with multiple indicators reflecting a cooling off period is underway. Recapturing the 20 EMA would not be bullish given broader markets & headwinds, but would help build support level & reduce likelihood of testing $150 down to $115 price points. While Monero has longevity, price action will be susceptible to significant volatility as nation states and institutions work to maintain status quo and push centralized agendas and green initiatives that view Proof-of-Work as antithetical to the ESG narrative.
XShort
by R0MM3LL
ZEC Breakout Confirmation NeededZcash has realized a bullish reversal this week as the markets absorbed inflation reporting, the EU parliament excluded language restricting Proof-of-Work from MiCA, and the Federal Reserve clearly conveyed no substantive change to monetary policy in the immediate future. Bullish price action likely to continue if ZEC confirms a breakout from the descending triangle with a daily close above the trendline, idealing realizing $170 support with a clean bounce. Broader markets appear poised to enjoy bullish sentiment for next few months given midterm elections this fall. Significant risk of further inflationary pressure resulting in a monetary policy reversal cannot be ignored. Closely watch CPI & PPI in the coming months as these likely will see further sharp increases that will ultimately result in Central Banks reversing course.
BINANCE:ZECUSDLong
by R0MM3LL
1
Bitcoin Possbility of Pump up ! Hello, this is Goldencloud Cypto Kim Jude Here. It is a bitcoin market that has reached the highest peak in history so far due to the most important moving. It will continue to be paid in the future, and will continue to be paid in the future. It responds moment by moment, with a loss of hand. First of all, when looking at the daily chart, various analyzes and interpretations are possible, but if you look at the wave that has descended from 68k as a compound, it is currently in the Y wave, and there is no single wave in the Y wave. I judged that a wave was coming out of a compound, and I tried counting accordingly. From the point of view of an Elliott wave, it shows an impulse wave when it goes up and an impulse wave when it goes down. It was a moving that made me wonder if the driver was really making the Elpines suffer in that he made a very confusing moving. As it is expected that there will be sufficient convergence and sideways movement until the FOMC meeting on March 17th, it is judged that about 25bp has already been reflected in the market, showing the last wave of the Y-Z wave, Since there has not yet been any meaningful trading volume that exceeds or equals the trading volume that broke out on February 24, we decided that there is still room for a rebound, so we counted. Broadly speaking, this wave may be the number of X-files or a rising wave, so we plan to hold a position in the common long section and trade safely after a certain amount of profit in the minimum rebound section. Looking at other scenario, first. C pulse rising wave perspective after AB from the low point Second, after the ABC rebound from the trough, the view of a crash with a downward impulse Third, the perspective of an upward or downward trend after convergence Since this is a section where various analyzes and interpretations are possible in the current position, I think that trading should be done with more flexible thinking than ever before. Personally, I am looking forward to a rebound from the main point of view, and the long position I received at 34.4 is still being held. Lastly, I want you to always trade with a good profit/loss ratio, send a cold wave rather than grab a blade, and make a stable trade in a place where you can definitely set the stop loss price. Below is the proof of revenue from the wave below. Of course, only good things.. hahahahahaha
Long
by GoldenCloud_Jude
$BTC/USDT 4h (Binance Futures) Bull-flag breakout and retestBitcoin just confirmed the bullish continuation breaking out of that descending channel, waiting for a pull-back towards 50MA to enter. It's the first blockchain ever invented (13 years ago) working on #PoW consensus algorithm, more info on bitcoin.org Current Price= 63925.04 Buy Entry = 63054.72 - 61979.96 Take Profit= 65968.76 | 69997.66 | 73925.19 Stop Loss= 60211.94 Risk/Reward= 1:1.5 | 1:3.24 | 1:4.95 Expected Profit= +27.60% | +59.85% | +91.25% Possible Loss= -18.45% Fib. Retracement= 0.883 | 1.272 | 1.414 Margin Leverage= 5x Estimated Gain-time= 2 weeks
Long
by TradingOn
5
ERG/USDT Update: Ergo Pumps as expected and not end in sight.Intro: - ERGO breaks through 12.5$ and goes for new ATH which currently sits at 18$. - Unfortunately ERGO on tradingview does not show the full history. We include the resistance levels around 10$, 12.5$ and 17$. - ERGO worked together with Charles from Cardano and they talk highly from each other which is a good thing if you believe in ADA and it's approach. - Guys please give me some feedback to improve my charts, analysis and commentaries. Daily chart on the left hand side: - Price broke through the 12.5$ resistance line after nearly 10days of consolidation. Between 12.5 and 18$ there is mostly void which suggests some volatility. - Volume rises which is a bullish sign. 4h chart on the right hand side: - It's worth noting that due to low volume the price behaves very volatile. - Strong RSI that went into the overbought territory (>80) and bounced quickly. Not too dangerous yet. Expectation: - We expect to see new ATH's until the 12th of september? Why is that? It's the official date for cardano to launch their smart contract abilities on their chain and Ergo is connected to ADA. - Once people will realize the potential of ERGO we expect to see this coin in the top 50. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
Long
by tumbler55
3
CONSENSUS MECHANISMS - PoW vs PoS Hey, Alkalites! If you want to invest in cryptocurrencies and know how to recognize long-term opportunities, you should start learning the technology behind them. Do you know what a consensus mechanism is? Consensus decision-making is a process in which group members agree to support a decision in the best interest of the whole. In other words, this mechanism is used to govern the blockchain behind each asset. Usually, this consensus is necessary to confirm the validity of the transactions that take place in that network. The most common consensus mechanisms are PoW (Proof of Work) and PoS (Proof of Stake). PoW is used to determine how the network can be sure that the transaction is valid and that someone is not corrupting the network, for example, with double-spending. The Proof of Work is based on advanced mathematical formulas called “cryptography”. That is why the name "cryptocurrency" was invented. All miners compete looking for a solution to the mathematical problem. The first miner (or pool of miners) to solve the block problem receives a reward, the block is created and transactions are included. Examples are BTC and ETH. PoS uses a process by which contributors to the system earn commissions from transactions. To validate the transactions, the user must put their coins in a wallet that freezes the coins. The more you stake, the more you earn. If someone tried to hack the network or process malicious transactions, he would lose all of his participation, since it would affect the integrity of his wallet. Also, it encourages holding the tokens, which is good for the value. Examples are Algorand and Cardano. Do you have any question? Let me know! Have a great Sunday, Alkalites!
COINBASE:BTCUSDEducation
by CryptoAlkaline
3
Deep dive: Proof of Work v/s Proof of Stake v/s Proof of HistoryIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Today, we thought we would explore the different consensus mechanisms that form the backbone of the underlying Blockchain technology. We have attempted to briefly cover the following: Proof of Work Proof of Stake Proof of History These are consensus mechanisms that validate the transactions on the Blockchain. Each of these mechanisms work differently. These differences result in different transaction speed, fees and efficiency. In order to discuss these 3 mechanisms, we have used three different cryptocurrencies corresponding to the mechanism they follow. Bitcoin → Proof of Work Cardano → Proof of Stake Solana → Proof of History Proof of work: Transactions need to be verified on the network and this verification is done via solving complex mathematical problems, called cryptography. The digital currencies therefore came to be known as ‘Cryptocurrencies.’ It was described in the original whitepaper by Satoshi Nakamoto, Verifiers, also known as miners are rewarded for participating and validating the network transactions. This was considered a game-changer when it emerged in the original whitepaper by the pseudonymous Satoshi Nakamoto. The idea existed earlier than the publication in the white paper and was known as the Nakamoto consensus. According to Satoshi Nakomoto, “the longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power.” However, there are several drawbacks to this mechanism. It uses huge amounts of electricity, and emits significantly large amounts of carbon into the environment. Another major drawback is that transactions are slow and inefficient on a large scale. It limits the scalability of the Proof of Work mechanism to mainstream finance. Proof of Stake: It came into existence in 2012 after its founders pointed out the inefficiencies of the Proof of work mechanism. In blockchains that use proof-of-stake, nodes in the network engage in validating blocks, rather than allocating their computing resources to “mine” them. Within these networks, security and consensus is achieved by participants committing a stake — their private or collective capital — to the enterprise in the form of the network’s native tokens. Ether (ETH) has been indicating to move away from the energy draining proof-of-work mechanism to the energy efficient proof-of-stake for quite some time. Proof of history: Proof of History is a sequence of computation that can provide a way to cryptographically verify passage of time between two events. As per official newsletter of Solana Labs, “the Proof of History solution was presented by the Solana project in order to finally eliminate an issue of the validity of timestamps in distributed networks. Unlike using the established method with timestamps, one can make certain that the action is performed at a distinct point in time after one action, but before another. Through Proof of History, we can ensure that a certain action took place at a certain point in time, before or after another action. This is made possible without the use of timestamps or external synchronizing structures. Confirmation of history is a high-frequency verifiable delay function. This means that the function requires a sequence of steps in order to obtain and evaluate the uniqueness and reliability of the published value. Solana’s implementation executes the function that uses a sequential hash system that is resistant to pre-images (images of previously prepared hashes). Thus, the output of the transaction appears as the input of the subsequent transaction. Subsequently, the current counter, status, and output are periodically recorded. The clear advantages are scalability and the eradication of the timestamps validity problem. At the moment, it is rather difficult to single out the obvious shortcomings of the protocol due to the novelty of this solution.” Please note: This post is not a recommendation to buy/sell any particular crypto. The technology surrounding each of the above three cryptos are different. There is continuous advancement happening in this space. Interesting things are continuously happening in the crypto space. ---------------------------------------------------------------------------------------- Keep supporting:) -Mudrex
BITSTAMP:BTCUSDEducation
by Mudrex
9
What will be #ETH without miners? ETH will merge and will be no longer minable in a few months, with a fakebull and a big Bear Market on the door, ETH its not doing great. I am waiting that “merge“ time to see if ETH will perform more better or will be a disaster. I dont care aboute the price of ETH, but i think a decentralized network proof of work its more better and secured that the new proof of stake where that validators have the hole network in theyr hands. For me the Code is Law and proof of work the absolute power and security.
E
by VatamanuVD