Joni (@squall) • Hey

Publications

What is Stellar (XLM)? Stellar (XLM) is a cryptocurrency that was launched in 2014 with the aim of providing a platform for fast, secure and low-cost value transfers globally. It uses blockchain technology to facilitate decentralized transactions, which means that it does not rely on a central authority to verify transactions. This makes it ideal for making cross-border payments, as it eliminates geographical barriers and reduces the costs associated with international money transfers. In addition, Stellar has its own payment network, which allows users to exchange different types of currencies and digital assets quickly and efficiently. This versatility makes it bb attractive for both individuals and companies looking for a reliable and economical solution for their global funds transfer needs.
What is Matic? Matic is a scaling solution for Ethereum that seeks to address the issues of scalability, speed and transaction costs on the Ethereum network. Matic uses a combination of sidechains and a consensus mechanism called Proof of Stake (PoS) to enable faster and cheaper transactions, as well as to support decentralized applications (dApps) and smart contracts. Its goal is to improve the user experience and encourage mass adoption of Ethereum.
If you are new to Lens, what helps to get around: - Introduce yourself (make the post collectible with Bonsai, people want to support you) - Follow people you like - Create content or just lurk around, up to you - Tip content that you like - If you receive tips or revenue, consider using it to support other users Circular love on Lens
Following the theme of reporting in small capsules about different cryptographic projects, next I bring you Cosmos. What is Cosmos? Cosmos is a blockchain project that aims to create a network of interconnected blockchains. Its goal is to solve the scalability, interoperability and usability problems faced by current blockchains. Cosmos uses a novel architecture that allows different blockchains to operate independently, but also communicate with each other. This means that projects can develop their own specialized blockchains and then connect them to the Cosmos network to interact with other blockchains. It is an interesting proposal for the future of the blockchain ecosystem.
For the lovers of stablecoins, today I bring you $Dai. What is Dai? The Dai cryptocurrency is a decentralized stablecoin that operates on the Ethereum network. The interesting thing about Dai is that its value is linked to the US dollar, which makes it more stable than other volatile cryptocurrencies such as Bitcoin. Dai remains stable thanks to a collateralization system with Ethereum and other digital assets. It is a popular choice for those looking to minimize volatility in their cryptocurrency transactions.
At the moment, the cryptocurrency market is experiencing a rise in the price of several currencies, including Bitcoin, which is driving up other cryptocurrencies. However, it is important to remember that this market is highly volatile and can change quickly. It is crucial to carry out a detailed analysis before making investment decisions.
In today's chapter we will talk about the LEO cryptocurrency. What is Leo? LEO is a cryptocurrency issued by the cryptocurrency exchange platform Bitfinex. It was launched in May 2019 and is mainly used in the Bitfinex ecosystem to pay trading fees, get discounts on fees and participate in rewards programs.
What is Solana? Solana is a cryptocurrency and a flexible platform for running decentralized applications (dapps) and minting NFTs. Similar to Ethereum, Solana stands out for its censorship-resistant architecture, speed and security. Solana has positioned itself as an open infrastructure for building scalable crypto applications and has gained recognition in the world of cryptocurrencies due to its potential to offer innovative solutions in the field of decentralized finance, online gaming and other blockchain use cases.
Happy belated new year everyone, I'm back with all the batteries set to continue passing relevant information about the crypto world.
Lenny is heading to Devconnect and @lens/ethglobal İstanbul
This is the current price of the two main cryptocurrencies with the largest crypto market capitalization, BTC at $34650 and ETH $1866. Will we continue on a roll or will they start correcting hard this week? We'll have to see.
What is XRP? XRP is a decentralized digital cryptocurrency that was created by the Ripple company. It is used as a value transfer token on the Ripple payment network, which aims to facilitate fast and low-cost transactions globally. XRP is distinguished by its high transaction speed and its ability to settle payments in different currencies almost instantly. In addition, it has gained popularity in the world of finance as an efficient alternative for the transfer of funds between financial institutions.
1 Million Transactions (and counting) on Momoka. In case you need a refresher, Momoka is our Optimistic scaling solution for Lens. It process transactions at hyperscale, and is uniquely designed to support the next generation of web3 social users. Not every 'gm' is needed onchain. 1 Million transactions on Momoka cost ~$500 USD ($0.0005 per txn). Explore further here: https://mirror.xyz/lensprotocol.eth/3Hcl0dGE8AOYmnFolzqO6hJuueDHdsaCs3ols2ruc9E We're extremely excited about the significant progress we've made with our infrastructure layer over the past year. But we're just getting started. Next up on the roadmap for Momoka: comments for onchain posts and support for any network. Watch this space 👀
Gm Lens V2 🌿
In celebration of the beta launch of @focustree_app on @Starknet Mainnet, we're kicking off a focus challenge! 👁️ Step into our tranquil Braavos garden, hone your focus, and get a shot at winning a limited edition Braavos x Focus Tree NFT tile! 🌲 Here's how it works👇 @focustree_app is on a mission to curb digital dependency by rewarding users for focusing instead of mindlessly scrolling on their smartphones 📱 Engage with the app, collect NFT tiles, and create gardens with friends! 🧘‍♂️ In celebration of its Beta launch, Focus Tree has some special offers up for grabs: ➯ 50 exclusive spots in the Braavos garden 🏡 ➯ 10 unique Braavos legendary NFTs, earned solely by focusing in the Braavos garden 🧑‍🌾 ➯ Early access to the Genesis Focus Tree NFT collection 🤝 To secure the top prize, simply join today's Community Call 👉 https://discord.com/events/962985965889142844/1156221214403076147 In addition to our regular missions, you'll have the opportunity to obtain your invite code. Arrive early, first-come, first-served 🚨 Join us today at 1 pm UTC for the code! ⏰
Everyone is talking about points now while @phaver.lens had points since the beginning
Almost a week ago BTC was at $30,000 and today it is at $34,000, does this mean that the bull market started?
What is the USDT? USDT, or Tether, is a stable cryptocurrency that is anchored to the value of the US dollar. It was designed to provide stability in the world of cryptocurrencies, allowing users to make transactions and store value without being affected by the volatility of other digital assets. The USDT is widely used in cryptocurrency trading, facilitating the transfer of funds between different exchanges and offering a safe and reliable alternative to traditional money.
The BTC is over $30,000, can this mean the beginning of a bull market? Let's see how he behaves during the week.
What is Dogecoin? Dogecoin is a cryptocurrency that originated as a joke in 2013, but has gained popularity and has become a legitimate form of investment. It was created as a parody of Bitcoin, with its iconic logo of a Shiba Inu dog. Although initially not taken seriously, Dogecoin has been adopted by the online community and has gained a loyal following. Although its value is volatile, many enthusiasts see Dogecoin as an exciting and unique investment opportunity.
What is the BNB? The BNB, short for Binance Coin, is a cryptographic token native to the Binance platform. As one of the most popular and successful cryptocurrency exchanges, Binance has created its own token to facilitate various functions within its ecosystem. The BNB is mainly used to pay transaction fees on the platform, participate in token sales and access exclusive services. In addition, the BNB has gained popularity as a potentially profitable investment in the cryptocurrency market.
The crypto market has remained stable during these last days, let's see how it will be shared during the week.
Many people enter the crypto market without even knowing the enormous meaning that Ethereum has as a technology and that is why here I bring you in a summarized way what Ethereum is. Ethereum is an open source decentralized platform that allows the creation and execution of smart contracts, as well as the development of decentralized applications (dApps) on its blockchain. It is a cryptocurrency that uses blockchain technology to secure and verify transactions, providing greater security, transparency and efficiency compared to traditional systems. Ethereum has revolutionized the way transactions are made and has opened up new possibilities in the field of finance and technology.
It has recently been reported that Elon Musk plans to charge for using X, formerly known as "Twitter". This as a way to completely eliminate the bots that are on the platform. As for the cost, it is said that it is probably much lower than the premium subscription.
In important news: On September 8, 2023 the Bitcoin blockchain had more than 500 thousand transactions without confirmation and presented a huge congestion. This significant congestion, with more than 560,000 pending transactions, led to an average confirmation time of more than 10.4 minutes, which created a significant delay for its users.
CZ, CEO of Binance, recently stated that the cryptocurrency industry will only be able to improve if it becomes "more decentralized." What do you guys think? Decentralization is key in the crypto world, but more and more companies in this sector have moved away from this principle.
The market was very busy yesterday, BTC, as the main cryptocurrency, reached $28,000 on some exchanges. However, it is currently having a small correction that needs to be watched very carefully.
Yesterday was a glorious day and a great milestone for the crypto market, why? I explain them below: The U.S. Court of Appeals for the DC Circuit issued its opinion in Grayscale vs. the SEC, ruling that the agency was unreasonable in denying permission to launch a Bitcoin ETF. Therefore, it allows Grayscale Investments to launch the first Bitcoin ETF in the United States, which marks a milestone in the cryptocurrency sector.
To understand the BTC, you have to know its history, and here I share them. Bitcoin (BTC) is the most well-known and valued cryptocurrency in the world. It emerged in 2009 as a decentralized alternative to the traditional financial system. Based on blockchain technology, BTC allows fast and secure transactions without the need for intermediaries. Its value has experienced large fluctuations over the years, which has led to an increasing interest from investors and cryptocurrency enthusiasts. However, it is important to keep in mind that investing in BTC carries risks and should be done with caution.
Let's start with the most special 😎🤝
Today's price drop Crypto 📉
The crypto market has been quite volatile these last few days. You have to be patient and make the best decisions in order not to get trapped. Patience is the key to success.
The crypto market has taken an impressive fall, some may see it as a cause for concern, while others see it as an opportunity to buy at a discount. What do you think?
Paypal is getting deeper and deeper into cryptocurrencies. It recently introduced its Cryptocurrency Hub. This feature allows users to maintain and interact with Bitcoin and certain cryptocurrencies from their own accounts, meaning that they will be able to maintain their balance in multiple cryptocurrencies. In addition to the above, Cryptocurrency Hub will allow users to participate in transactions involving cryptocurrency assets. This is undoubtedly a breakthrough for the crypto space and further proof of mass adoption.
Today's Crypto Headliners 🔥🔥🔥
In France, the implementation of regulations for companies involved in the cryptocurrency industry is approaching. This could be seen as a form of acceptance of cryptocurrencies, but it could also harm them if the regulations are too aggressive.
Cryptocurrencies in general, and the undisputed leader that is BTC, are here to stay, and today they are recognized worldwide, they are our present and our future. Do you think the same?
Momoka, the new infrastructure powering @lensprotocol, just hit 500,000 transactions at a total cost of ~ $173 With these updates our infrastructure is now ~250x less expensive while being ~165x more scalable than in the past. 🤯 Momoka Stats 💰 Cost of 100,000 transactions: Old infrastructure ~ $10,000.00 Momoka ~$40.00 Difference ~250,000% less expensive ⚡️ 📈 Scalability of 100,000 transactions Old infrastructure (~30 TPS) 55 minutes Momoka (~50,000 TPS) 2 seconds Difference ~ 165,000% more scalable ⚡️ Here’s how it works 🌫️ Blockchains today cannot scale to social TPS. Traditional databases scale to up to millions of operations per second while most blockchains max out at a few hundred. This is mainly because blockchain storage is an expensive bottleneck in terms of both cost and scalability. Blockchain storage is more than just storage - it also enables composability, allowing your state to also be executed with other smart contracts and programs. But with most social use cases, especially non-financial, that power and composability is not needed, so why would we continue to use it in this way? For decentralized social applications, two of the main characteristics needed are permanent and immutable storage tied to a user’s identity. What if those characteristics could be derived from another infrastructure layer, but at a much lower cost and with more scalability? In the past, all Lens transactions were processed on the EVM via Polygon network. What is the EVM at its root? It is a big state machine, holding the entire history of state changes of what has happened in what are known as archive nodes. The expensive part of using EVM networks is performing these state updates. BUT! The EVM only forces cost when you want to change the state in the next block. The EVM does **not** charge anything to simulate if something could of happened on a certain block. This means that you can leverage this to check that a transaction has been signed by the correct access control and would of passed for free *without any gas needed*. When you do an EVM contract call, you are signing the transaction with your private key. The EVM verifies this and injects key helpers like msg.sender which is your public key to allow contracts to know it was you who did that. Since transactions can be run for free to prove something has the correct access control conditions to run it, what if we swapped the storage updates to a place that can handle high TPS, cheap, immutable, one time payments and will be guaranteed for at least 100 years? Momoka is an optimistic hybrid layer 3 solution from Lens Protocol that uses data availability storage on Arweave/Bundlr along with transaction proofs on Polygon to enable highly scalable and low-cost social graph data storage and verification. It allows proving social graph transactions would be valid on-chain without actually submitting them, enabling greater scalability while maintaining verifiability and user ownership. Arweave is a decentralized blockchain-like infrastructure protocol, built specifically for storing data forever for a one off cost, and was launched over 6 years ago. Bundlr Network is an Arweave scaling solution built to handle 50,000+ TPS. It functions similarly to a rollup in that it batches multiple transactions together and posts them to the underlying network. An important characteristic of Bundlr is that it supports EVM addresses, allowing you to build EVM tech state on Arweave ⚡️. They also allow you to pay fees in any EVM native token you wish! To enable this new functionality on Lens, Momoka introduces two new pieces of architecture - the Submitter and the Verifier. Submitters are responsible for validating and constructing the metadata and submitting it to Arweave, providing proofs that anyone can contest. The Verifier software listens for publications sent from whitelisted submitter addresses and verifies their validity. Anyone can run a verifier using open-source software with a few commands. https://github.com/lens-protocol/momoka Momoka is not limited to blocks and max limits as the restriction has been removed due to storage on Bundlr/Arweave. Momoka gets timestamp proofs from Bundlr to be able to keep chain and off-chain actions in ordering and also to have a third party timestamp to avoid trust assumptions on Momoka. With Momoka, users still own their content as it’s not possible to action a Momoka transaction if you do not pass the access control on-chain. Momoka is fully trustless – anyone can check proofs with their own Polygon archive node! We believe Momoka is core to the future of web3 social, enabling applications to scale to tens of thousands of operations per second while still enabling the differentiating features that make web3 social unique and special. To learn more about Momoka, check out the following resources: Announcement post https://mirror.xyz/lensprotocol.eth/3Hcl0dGE8AOYmnFolzqO6hJuueDHdsaCs3ols2ruc9E Momoka Explorer https://momoka.lens.xyz/ Momoka Verifier software https://github.com/lens-protocol/momoka
Bitcoin fell to its lowest level since June. This Tuesday, major cryptocurrencies traded with losses, while BTC fell to levels not seen since June 21 this year. It all points to recent statements by a judge in Manhattan who argued that cryptocurrencies should be considered securities no matter how others want to view them.
It is not possible to be bored for a second in this world. Now the new trend in news is the existence of Aliens. A former EE.UU intelligence officer reported that non-human biological material was recovered from several UFOs that crashed on earth and whose existence dates back to the 1930s.
The president of the FED, Jerome Powel, reported yesterday that he has no plans to cut interest rates this year, while by 2024, the interest rate cut will be up for debate.
Today Elon Musk announced the change of Twitter's domain and logo from twitter.com to X.com and the famous bluebird logo will now be an "X". As an additional fact, the domain x.com was registered by Elon Musk himself in 1999. This domain was originally for Paypal.
Apple is currently developing generative artificial intelligence tools and an internal chatbot application called "Apple GPT". The latter, if successful, could compete with both Google and OpenAI itself.
**Introducing Lens Protocol V2** Lens Protocol V2 – the next chapter in the evolution of Lens. V2 brings even greater control to builders and integrators as well as people exploring web3-powered experiences. Lens V2 retains its characteristic open design space that gives developers and integrators the choice. Join us in shaping the future. Dive into the Lens Protocol V2 Open Source Codebase on Github: https://github.com/lens-protocol/core/tree/v2 Explore all the latest V2 features in our latest Mirror post: https://mirror.xyz/lensprotocol.eth/-hJH-2IYSe56rK7IEdwSI17hUWt-paTyAs1r4Zes0uQ
Corrections are normal and that is what is happening with the market at the moment. The key is to know when to get in and when to get out.
The Crypto market is having an amazing recovery following the decision of a US Judge who ruled that XRP is not a security.
Tomorrow will be an important day for the markets in general as the U.S. inflation data will be released, and this will occur one hour before the market opens, take caution.
News about Zuckerberg's new social network "Threads" is getting a lot of buzz. The last thing mentioned came directly from the head of Instagram himself, who claims that this social network will not be for news and politics. We'll have to see how true this is.
The market is pulling back a bit, BTC is at $30400, and it is possible that it will soon lose $30,000, so it is always good to take forecasts and be aware of ongoing or upcoming events. Remember that the market has life.
The fight between Elon and Zuckerberg social networks will be legendary, who will win in the end?