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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
BNS Momentum Trade " After Earnings"TSX:BNS After we are clear of earnings, I'll be looking for the price to pull back to the Nov 28 resistance of 71.50 near the 50 SMA and 50 EMA (old resistance becoming new support). If we can get confirmation with a reversal pattern double/ triple bottom or inverted Head and Shoulder, I'll be looking to enter with Real Life Tradings momo indicator. Stop loss will be placed just below the reversal pattern and the target will be at 100 WMA near $79.00. I have a few concerns with hitting our target: 1) We might have the 200 SMA as resistance. 2) If The 50 WMA backs up the current resistance at 74.30. If we are able to break through both resistances this could be a good 2.5r - 3 r trade. If we fall through the 71.50 level, I'll be looking for a similar setup at the 69.00 and 65.00 areas. Remember to always manage your risk when trading and have a stop loss. Happy trading!
TSX:BNSLong
by DustinL89
Ripple Is Pointing HigherXRPUSD is showing nice and clean bullish setup formation in the 4-hour chart that can send the price higher, at least up to 0.50 resistance area for wave (C) or maybe even higher within wave (3). After an impulsive five-wave rally from the lows into first leg (A)/(1), it's actually now in a slow A-B-C corrective pullback within wave (B)/(2) that can find the support here around 0.37 - 0.35 area and from where we should be aware of a continuation higher, especially if the price jumps back above 0.41 region. Invalidation level is at 0.30. Happy trading!
BITSTAMP:XRPUSDLong
by ew-forecast
2
Continue, Pullback or Markdown PhaseI feel that TSLA is in or heading into correction. $214 pullback, continue or correction. Original Thesis was $234-$238 Correction zone with Pullbacks and gap fills before big Correction. This would also be a great BullTrap so that Wall-street can bank on the $200 Call Options this week. *TSLA is STRONG, The Markets have been Rallying but there are Warning signs that we are in or going into correction. Bullish Thesis Continuation idea: this is a set-up for impulse move to $223, pullback then or continue to then $238 & gap fill with big sell-off Lots of TSLA Events coming up which is bullish for next couple of weeks *Pullback/Correction Idea: Measured Moves: Extension and Retracements are matching. Extension: 2 Retracement 0.618 Date Range from capitulation event to now are equally measured. If $215 is broken then TSLA can continue to $223 for wave 5 and correct (Bullish Final Move Idea: this is pullback for pop to $223 and pullback) If TSLA stops here and the Markets Correct then this could be the set-up for Pullback or Correction. (possible sideways trading for next 2 weeks) *Daily Volume is showing only Buying - Small Time frame is showing Steady Selling and Impulsive Buying with Automatic sell-off. These are signs of Wyckoff Distribution Phase. *** Pullbacks being bought up are Strong Bullish signs* but TSLA Price has Moved up only 6% in 10 days...on large volume, so distribution is happening, amount of effort to move price is becoming harder to maintain price markup...but is it in correction mode yet is the question. TSLA can still go higher to extend Impulsive wave 5* currently Wave 3 and 5 are of equal distance which could represent end of Markup. note:I am not an Elliot Wave Expert* Bearish Sentiment: Greed is strong *Seasonality- Markets tend to Drop off Mid February Vix above 20 us 2y, us10y, dxy,vix all breaking out. Divergence of NYSE ADV/DEC Current Sentiment: Bearish* Drop here or possible Upthrust to $223 with Hard-sell below $200 Let me know what you think
NASDAQ:TSLAShort
by Black_Sheep1
7
SPX: A Pullback in a Bull Trend.• The SPX is correcting today, however, it is still above the 4,100, indicating some strength; • If the index drops more, and loses yesterday’s low, we might see a sharper correction. Probably the SPX would lose the 21 ema in this scenario; • For now, it seems the bulls are in control, despite the pullback. As long as the index remains above the 4,100 / 21 ema, the gap at 4,218 is still our target; • The index is correcting, but there’s no clear bearish reversal structure on it yet pointing to a real reversal. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
Pullback buy in LTHLife Time owns and operates a chain of “athletic country clubs.” They are basically high-end gyms offering everything from free weights and elliptical machines to steam saunas and smoothie bars. The company went public in late 2021, right before the bear market began. But the stock is now soaring… I have circled the signs of accumulation in the volume candles at the bottom of the chart. Notice the huge influx of buying on the way up and the relatively light volume on retracements. This looks like institutional buying and a sign that buyers are still in control. Last week’s pullback to the 21-day moving average is buyable in my opinion and should be a good entry point as long as the overall market holds up. I am taking a position here with a stop below 17.00.
NYSE:LTHLong
by rossgivens
New AI on The BlockIt's starting to look like some bullish signs are coming into Artificial Liquid Intelligence. We are in a falling wedge after a massive pump and have retraced well over 50% to hit the 786. CCI ribbon is oversold with divergence and smii is under 0 and has the potential to make a crossover at any time. Targets are in the bull flag approach including a more conservative level. Set your own stops. I also highly recommend checking this project out. It allows you to mint interactive 3d nft characters built on a language ai similar to chatgpt. Truly cool stuff. Check out my referral link to get started. mycharacter.ai Happy trading.
by Jake_from_State_Farm