📍#Bitcoin Update (Continue)
🔺Bitcoin shows a descending triangle on the 1-hour chart, a bearish pattern.
🔺Price hit the upper triangle trendline.
🔺Possibility of resistance, leading to a potential price decline.
🔺Decline may trigger a breakdown of the triangle pattern.
🔺Key support at around $28,800.
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📍 Pin Our Channel On Top For More Free Trading Calls
🔺Bitcoin shows a descending triangle on the 1-hour chart, a bearish pattern.
🔺Price hit the upper triangle trendline.
🔺Possibility of resistance, leading to a potential price decline.
🔺Decline may trigger a breakdown of the triangle pattern.
🔺Key support at around $28,800.
- - - - - - - - - - - - - - - - - -
📍 Pin Our Channel On Top For More Free Trading Calls
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JUST IN: 🇺🇸 SEC will not approve a spot Bitcoin ETF, former SEC chief says.
[MEXC Kickstarter] Win Free 2,307,692 REAP & 20,000 USDT Airdrops by Voting Now!
Dear MEXC Users,
📣[Initial Listing] MEXC Kickstarter - Vote Releap Protocol (REAP) to Win Free 2,307,692 REAP & 20,000 USDT Airdrops!
⏰Voting Period: 2023-08-13 10:00 to 2023-08-14 09:50 (UTC)
👇🏻Registration Eligibility:
Hold at least 1,000 MX or more for 15 consecutive days before 2023-08-12 16:00 (UTC)
tamilbtc.com/mexc
Dear MEXC Users,
📣[Initial Listing] MEXC Kickstarter - Vote Releap Protocol (REAP) to Win Free 2,307,692 REAP & 20,000 USDT Airdrops!
⏰Voting Period: 2023-08-13 10:00 to 2023-08-14 09:50 (UTC)
👇🏻Registration Eligibility:
Hold at least 1,000 MX or more for 15 consecutive days before 2023-08-12 16:00 (UTC)
tamilbtc.com/mexc
Educational Post:
What is Staking Pool?
A staking pool allows multiple stakeholders (or bagholders) to combine their computational resources as a way to increase their chances of being rewarded. In other words, they unite their staking power in the process of verifying and validating new blocks, so they have a higher probability of earning the block rewards.
The overall idea of the staking pool model is quite similar to the traditional mining pool, which involves the pooling of hash rate in a Proof of Work (PoW) blockchain. However, the staking pool setup is only available on blockchains that employ the Proof of Stake(PoS) model or, in non-POS systems through protocol design features.
Typically, a staking pool is managed by a pool operator and the stakeholders that decide to join the pool have to lock their coins in a specific blockchain address (or wallet).
While some pools require users to stake their coins with a third party, there are many other alternatives that allow stakeholders to contribute with their staking power while still holding their coins in a personal wallet. For instance, the so-called cold staking pools enable a more secure model, as users can participate in the staking process while keeping their funds on a hardware wallet.
Compared to solo staking, a staking pool will give smaller rewards because each successful block forging (validation) will split the rewards among the many participants of the pool.
In addition, most pools will charge fees, which will reduce even more the final payout. On the other hand, staking pools provide more predictable and frequent staking rewards. Other than that, they allow stakeholders to make a passive income without having to worry about the technical implementation and maintenance of setting up and running a validating node.
What is Staking Pool?
A staking pool allows multiple stakeholders (or bagholders) to combine their computational resources as a way to increase their chances of being rewarded. In other words, they unite their staking power in the process of verifying and validating new blocks, so they have a higher probability of earning the block rewards.
The overall idea of the staking pool model is quite similar to the traditional mining pool, which involves the pooling of hash rate in a Proof of Work (PoW) blockchain. However, the staking pool setup is only available on blockchains that employ the Proof of Stake(PoS) model or, in non-POS systems through protocol design features.
Typically, a staking pool is managed by a pool operator and the stakeholders that decide to join the pool have to lock their coins in a specific blockchain address (or wallet).
While some pools require users to stake their coins with a third party, there are many other alternatives that allow stakeholders to contribute with their staking power while still holding their coins in a personal wallet. For instance, the so-called cold staking pools enable a more secure model, as users can participate in the staking process while keeping their funds on a hardware wallet.
Compared to solo staking, a staking pool will give smaller rewards because each successful block forging (validation) will split the rewards among the many participants of the pool.
In addition, most pools will charge fees, which will reduce even more the final payout. On the other hand, staking pools provide more predictable and frequent staking rewards. Other than that, they allow stakeholders to make a passive income without having to worry about the technical implementation and maintenance of setting up and running a validating node.
🌐 What's Crypto? Thread:
1/ At its core, cryptocurrency is digital money that uses cryptography for secure transactions. It's not tied to any central authority, like banks or governments. Instead, it's powered by a revolutionary technology called blockchain.
2/ 🔗 Blockchain is a decentralized and immutable ledger that records every crypto transaction across a network of computers. This transparency and security eliminate intermediaries, making transactions faster, cheaper, and more trustworthy.
3/ 💰 Why is Crypto the Future of Finance? Imagine sending money globally in seconds, without hefty fees. Think of self-executing smart contracts that automate agreements without middlemen. Cryptocurrency opens doors to financial inclusion and innovation.
4/ 🚀 Beyond Currency: Crypto enables NFTs (Non-Fungible Tokens), revolutionizing ownership of digital art, collectibles, and more. It's a gateway to decentralized finance (#DeFi), where anyone can access loans, earn interest, and trade assets directly.
5/ 🌍 Borderless and Inclusive: Crypto doesn't discriminate based on location or socioeconomic status. With a smartphone and internet, anyone can participate in this financial revolution, potentially bridging gaps and empowering the underserved.
6/ ⚡️ Challenges Ahead: As we embrace the crypto future, regulatory clarity, scalability, and energy efficiency are crucial challenges to tackle. The journey won't be smooth, but the potential to reshape finance for the better is undeniable.
7/ 🌟 In conclusion, crypto isn't just about money; it's about reimagining how we interact with value, ownership, and trust. It's a journey into a world of possibilities where innovation meets empowerment. Welcome to the financial future! 🚀🔮
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1/ At its core, cryptocurrency is digital money that uses cryptography for secure transactions. It's not tied to any central authority, like banks or governments. Instead, it's powered by a revolutionary technology called blockchain.
2/ 🔗 Blockchain is a decentralized and immutable ledger that records every crypto transaction across a network of computers. This transparency and security eliminate intermediaries, making transactions faster, cheaper, and more trustworthy.
3/ 💰 Why is Crypto the Future of Finance? Imagine sending money globally in seconds, without hefty fees. Think of self-executing smart contracts that automate agreements without middlemen. Cryptocurrency opens doors to financial inclusion and innovation.
4/ 🚀 Beyond Currency: Crypto enables NFTs (Non-Fungible Tokens), revolutionizing ownership of digital art, collectibles, and more. It's a gateway to decentralized finance (#DeFi), where anyone can access loans, earn interest, and trade assets directly.
5/ 🌍 Borderless and Inclusive: Crypto doesn't discriminate based on location or socioeconomic status. With a smartphone and internet, anyone can participate in this financial revolution, potentially bridging gaps and empowering the underserved.
6/ ⚡️ Challenges Ahead: As we embrace the crypto future, regulatory clarity, scalability, and energy efficiency are crucial challenges to tackle. The journey won't be smooth, but the potential to reshape finance for the better is undeniable.
7/ 🌟 In conclusion, crypto isn't just about money; it's about reimagining how we interact with value, ownership, and trust. It's a journey into a world of possibilities where innovation meets empowerment. Welcome to the financial future! 🚀🔮
If you like it you can share
#RUNE/USDT ANALYSIS
RUNE is breaking out the descending channel with a high volume. It is also breaking out the MA 100. The Ichimoku cloud is acting as resistance. The bullish continuation sign would be a candle close above the descending channel or a move above the Ichimoku cloud.
RUNE is breaking out the descending channel with a high volume. It is also breaking out the MA 100. The Ichimoku cloud is acting as resistance. The bullish continuation sign would be a candle close above the descending channel or a move above the Ichimoku cloud.