#Opinion

🪙 Traders are holding their payouts from #MtGox

Analysts at #Glassnode claim in a new report that most investors who received compensations are continuing to hold their coins and are not moving them to the market.

This hypothesis is supported by the data on the spot cumulative volume delta (CVD), which the report's authors applied to two major exchanges receiving the funds.

The report also notes a steady demand for #BTC, indicated by fluctuations in the range of $66,000–$68,000 per #Bitcoin during the payout period.

👍 — If you need a #glossary post explaining "cumulative volume delta"
❤️ — If you will explain it yourself in the comments

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🤗 Imagine you have a group of people who need to agree on the same answer, even if they do not know or trust each other. A consensus mechanism helps them reach a unanimous decision and ensures that all data in the blockchain remains accurate and immutable.

🛡 The first consensus mechanism was proposed by Satoshi Nakamoto when he published his paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System." In it, he detailed how #Bitcoin works and how #PoW is used to achieve consensus and ensure network security.

Nowadays, consensus mechanisms are implemented not only through the PoW algorithm, which we have already covered in our #Glossary, but also through other algorithms. If you are interested in learning more about this, let us know in the comments below 👇

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🪙 A fork can be compatible with previous versions, as in the case of a soft fork, where the update does not result in the blockchain splitting into two separate chains. An example of a soft fork is SegWit in #Bitcoin, where the blockchain remained unified after the update.

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#Glossary

🔷 After a hard fork, two different blockchains are created, and users must choose which one to use. The most well-known example of a hard fork is Ethereum, which split into two cryptocurrencies: #Ethereum and #EthereumClassic.

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#Glossary

📸 Snapshots are often used before hard forks to determine the amount of new tokens that users will receive, as was the case with #Bitcoin and #BitcoinCash.

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#Glossary

🕯 Technical analysis mainly uses patterns, such as trends or levels of support and resistance.

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#Glossary

📰 Unlike technical analysis, fundamental analysis does not rely on charts but is based on the news background.

When conducting fundamental analysis, attention is paid to data on new projects, network updates, industry adoption, and so on.

#Glossary

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📝 FOMC minutes provide detailed information about the arguments and conclusions that led to decisions on interest rates, quantitative easing, and other measures.

#Glossary

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This helps to understand where significant price changes are likely to occur.

#Glossary

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When the price sharply moves through such a level, it may indicate that the trend has changed and the movement could continue in a new direction.

This level is often referred to as a "breaker."

#Glossary

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These are usually important levels of support, resistance, or other significant zones where traders expect a change in price behavior.

#Glossary

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In this round, funds and investors invest money to help the project develop and create its initial prototypes.

#Glossary

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In this round, small funds and influential people (influencers) typically participate, investing money to support further product development.

#Glossary

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This can be compared to an "open sale," where anyone can invest in the project and receive its tokens.

#Glossary

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🔮 Oracles help blockchain applications use real-world data to execute smart contracts.

#Glossary

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This is done using tokens or smart contracts. Such organizations operate transparently and allow each participant to influence their development.

#Glossary

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