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Entering long in Sugar futures We have entered long in Sugar futures. This position is not validated with all the patterns of our TTW system, so the percentage of liquidity assigned to the series of positions is very low. Using our algorithmic trend-following system, Sugar futures are at 3-year highs, with an RSI of 63.57 on the weekly chart, and 65.64 on the monthly chart. The asset has broken one horizontal resistance and is above the 210, 70 and 14 SMAs, with a crossover between the 14 and 70 SMAs. We have targets around 24 in the coming months, but there is a high probability of a pullback. In the event of a pullback, we could re-enter. Position : Entry: Market price Guaranteed trailing stop loss: 0.4% of the portfolio. Target: 24-25. Financial Engineering: Futures (without OTC derivatives)
ICEUS:SB1!Long
by blockmas
December 22 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is up 0.20% over the last 24 hours and rose to an intraday high of $16,916.63. The largest cryptocurrency has been trading below the 20-day exponential moving average ($16,985) since Dec. 16, and the bears have not been able to capitalize on this situation, which suggests that lower levels are attracting buyers. The flattish 20-day EMA and the relative strength index (RSI) near 47 do not give a clear advantage either to the bulls or the bears. The BTC/USDT pair is likely to stay in the $16,000-$17,000 price zone until the holiday season is over. Today’s Cryptocurrency Headline Core Scientific is Said to Possibly Sell Some Crypto Mining Sites in Wake of Bankruptcy Core Scientific may sell up to 1 gigawatt worth of its sites under development after filing for Chapter 11 bankruptcy protection. Russell Cann, chief mining officer at Core Scientific, said the likelihood of selling assets in operation is close to zero, but the likelihood of us selling assets that are under development where we have power capacity and land and substations is high. Core Scientific is currently the largest company in the industry with around 800 to 850 megawatts of mining power. The sites it might sell are an extra gigawatt on top of that and were supposed to come online in 2023. The company filed for Chapter 11 bankruptcy protection early on Wednesday with a prearranged deal and plans to turn most of its debt into equity. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
1
December 21 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is up 1.65% over the last 24 hours and rose to an intraday high of $17,061.06. The largest cryptocurrency attempted to break above the 20-day exponential moving average (EMA) ($16,985), but the price was unable to sustain above the level, indicating that the sentiment remains negative and traders are selling on rallies. If the price stays below the 20-day EMA for another few days, that could mean the bulls lose the short-term advantage and the price could remain stuck between $16,000 and $17,000 for a few more days. Today’s Cryptocurrency Headline Christie's NFT Sales Fell 96% in 2022 Christie's sold 87 NFTs in 2022 for a total of $5.9 million. In 2021, the art auction house sold over 100 NFTs worth more than $150 million — one of them being Beeple's "Everydays: The First 5000 Days" NFT for $69.4 million. Christie's NFT sales fell 96% between 2021 and 2022. Christie's previously launched Christie's Ventures aimed at supporting emerging technology and financial technology companies related to the art market. In September, Christie's also launched the Ethereum-based NFT platform "Christie's 3.0". Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
1
Fulfilling projections expectations 2023On Wednesday 14th December, 2022 We’ve placed an order at $18 140 to SHORT Bitcoin following our projections and Biz plan towards 2030. Following our management plan; we expect to see more downside in Crypto Assets World. Last week, the FED gave us every reasons to believe that growth will be retained; till we are able to see a better Economic Landscape in projections to the mid-ending of 2023 to the beginning 2024. Carefully moving with wide eyes opened
Short
by JKAP-
1
For Crypto to "Win", it Has to Solve its Own ProblemsThe idea of "smart investing" comes with the assumption that the market rewards reason and punishes irrationality in the long-term. What they don't tell you, though, is that the opposite is often true in the short-term. If you want to make money, more often than not you do have to have the discipline to move contrary to what most are doing. It's been almost a decade since I started getting into this stuff but the above still seems to hold true. Crypto has been mostly flat for about 6 months now, but has stayed mostly stable. The last bull run had a similar pattern where it climbed to new highs (BTC $4000→$16000, ETH $100→$1400) then went back down to where it was prior. (And stayed that way for a few years.) The projects that were diligently working on their product even after the dip ended up reaping the rewards of the 2020 rally and did very well for themselves. The rivalries between Bitcoin, Ethereum, Dogecoin, Tezos, Cardano, Ripple, EOS, etc. were there even back in 2018, but the arguments were mostly about technical differences and felt less “personal”. This time, a lot of arguments you see on social media have more personal, political, ideological slants - a sign of the irrationality of mainstream money having arrived, perhaps. For what it’s worth, despite the FTX scandals and the very negative media coverage of crypto in recent weeks, the price hasn't really moved all that much. Chances are good that the ones that were going to leave are already gone and we're only left with the ones who are in it for the long-haul. While the talking heads gripe about their losses in public, the builders will continue to build, pushing the industry where it needs to be for the future to come. That is the hope, anyway. -- Long-term strategies only work if you're willing to wait at least one market cycle since the system needs time to work itself out - and I haven’t seen any exceptions to this rule, thus far. But having been through 3 crypto winters already, I’m starting to wonder what’s really taking so long for us to get to where we need to be - the “big ideas” in crypto (transparency, accountability, partnership automation) can already be done with distributed ledgers, but the industry has been slow to adapt to it, to say the least. The problem is that we're not really utilizing blockchain technologies the way we should be: case in point, when you look at all the people in the media and social media talking about how much money they’re making, how do we know if what they’re saying is actually true? We have no idea - we’re just taking their word for it, and now we’re finding out that many of them we’re just trying to lie and grift their way to the top. Whatever happened to "verify, not trust"? Having gotten too used to low interest rates, the fiat markets are poised to be in big trouble over the next few years - if not more. The trends do say that when an economic system goes into disarray, crypto adoption tends to go up. But in order for that to happen, the crypto community does need to convince the world that it's safer to park their money in coins rather than fiat - which, if we're being honest - we're not quite there yet. But unlike fiat institutions that are saddled with legacy and protectionist frameworks, crypto has the tools to fix itself if it wanted to - the advantage of being a new industry that has the energy and flexibility to adapt. The current irony is that crypto is suffering from the very problems it poised to solve - but a lot of it is holdovers of bad habits from Web2 and traditional fiat. You could probably argue the SBF's actions was a product of the fiat world, not crypto - there's a reason why there are those on the “inside” trying to protect him now. But FTX is also a preview, in a way, of what's to come to the fiat worlds as we head further into the recession - what they do to SBF could be them next - which is why they feel like they need to protect him at all costs, despite the blatancy of his misdeeds. In a way, SBF did the industry a favor in getting the skeletons out of the closer earlier than later. For fiat, the tide is only just starting to pull. Crypto will either set the new standards for transparency, accountability, and decentralized governance - or it’s going to fall into old habits again and go to 0. (There is no reason for people to use crypto if it’s just going to be Web2.1 - the incumbents have that covered already.) It’s going to be an interesting ride over the next few years, either way.
COINBASE:XTZUSDLong
by RyanTanaka
December 17 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is down 4.15% over the last 24 hours and fell to an intraday low of $16,528.49. The largest cryptocurrency turned down and broke below the 20-day EMA of $17,095 on Thursday, suggesting that the sentiment turned negative and the bears were selling the relief rallies. The 20-day EMA has started to turn down and the RSI has dipped below 43, indicating that bears are in command. If the price sustains below the 20-day EMA ($17,095), it could decline to $16,000. Today’s Cryptocurrency Headline Basel Committee to Enforce Standard on Banks’ Exposure to Crypto in 2025 The Basel Committee on Banking Supervision (BCBS) has approved its global crypto banking rules, which will come into force on January 1, 2025, according to a statement Friday. The BCBS, the main global standard-setter for prudential regulation of banks, recommends that banks should have no more than 2% exposure to certain crypto assets, and usually less than 1%. These particular assets are tokenized traditional assets including non-fungible tokens, stablecoins and unbacked crypto assets that don't meet classification conditions. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
December 16 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is down 1.73% over the last 24 hours and fell to an intraday low of $17,275.51. Bitcoin is trending downwards after reaching a one-month high of $18,387 around the latest macroeconomic data and policy update from the United States, suggesting investors are worried about the future outlook of the U.S. economy. The relative strength index (RSI) is near the midpoint, indicating a balance between supply and demand. If the BTC/USDT pair drops below the 20-day EMA ($17,215), it could fall into the $16,500 - $17,000 zone again. Today’s Cryptocurrency Headline Ren DAO to Vote on Plan to Mint New Funding Tokens The Ren community, which oversees a DeFi protocol that issues wrapped crypto assets, is considering the minting of new tokens to raise capital after the collapse of Alameda Research left the project without access to its funds. The proposal proposes four options for minting amounts, including 50 million, 100 million, 150 million or 200 million REN tokens, and a fifth option to reject the entire plan. At the current token price, Ren could raise from $4 million and $17 million. As previously reported, Ren stated that due to the bankruptcy of Alameda Research, the funds provided to the Ren development team will only last until the fourth quarter. Ren is negotiating with investors to continue to promote development and plans to launch Ren 2.0 earlier than expected. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
1
BTC - Trend-Following Setup! 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), BTC rejected the the 18k resistance and upper red trendline of the channel. Now What? We are still overall bullish trading inside the rising channel, and we currently entered a correction movement. As BTC approaches the lower bound / lower red trendline, we will be looking for buy setups. And this lower trendline also intersects with the previous highs marked in gray which makes the zone stronger. As per my trading style: As Bitcoin approaches the lower purple circle zone, I will be looking for bullish reversal setups on lower timeframes (like a double bottom pattern, trendline break , and so on...) We would be overall bullish, UNLESS we break below the orange zone, in this case a movement till the lower bound of the range (around 15500) would be expected. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
26
December 15 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart The U.S. Federal Reserve raised interest rates by half a percentage point on Wednesday and projected at least an additional 0.75 percent of increases in borrowing costs by the end of 2023. Bitcoin is down 0.39% over the last 24 hours and fell to an intraday low of $17,565.00. The largest cryptocurrency rose above the $18,000 price level today, but the bulls are not able to hold the price above it, suggesting the sellers remain active at a higher level and investors are worried about the future outlook of the U.S. economy. If the BTC/USDT pair remains above the 20-day MA, the bulls will attempt to push the price above the $18,000 price level. Today’s Cryptocurrency Headline PayPal Partners With MetaMask to Offer Easy Way to Buy Crypto According to a press release, PayPal will integrate its buy, sell and hold crypto services with MetaMask Wallet. Users will be able to choose to use their PayPal account to purchase Ethereum (ETH) within the MetaMask app while simplifying the process of transferring ETH from PayPal to MetaMask. Select U.S. customers can access the new offering beginning today as PayPal works to roll out the service to the rest of its U.S. customers over the next few weeks. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
2
1EARTH PATTERN BREAKOUT!BULLISH PATTERN CONFIRMED (IN MY OPINION) I see the psychology of market cycle having restarted and that means a drastic increase with the fools rally subsequent fall and buy time! Look of the psychology of market cycle and the similarity it has to the current chart. I see this passing one cent before Christmas so buy and hold is my game plan. This is my idea and my opinion not financial advise! Remember #DYOR and you have to sell to make profit and the reverse is true. #1earth breakout is here in my findings. Happy Holidays!
1Long
by Cryptonightowl
2
December 14 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to the U.S. Bureau of Labor Statistics, U.S. inflation rose 7.1% versus the expectations of 7.3%. Core inflation, which excludes more volatile food and fuel costs, increased 6% versus expectations of 6.2%. Bitcoin is up 3.7% over the last 24 hours and rose to an intraday high of $18,000.00. The largest cryptocurrency hit new one-month highs on Dec. 13 as markets responded to U.S. inflation data with optimism. The relative strength index (RSI) is above 50, suggesting the bulls are dominating the market. If the outcome of the FOMC meeting is better-than-expected, the BTC/USDT pair could rise to the 50-day MA ($18,711). Today’s Cryptocurrency Headline Judge Approves Galaxy Digital's Deal to Acquire GK8 Judge Martin Glenn has approved the sale of cryptocurrency self-custody platform GK8 to Galaxy Digital, according to a court order issued on Tuesday. Terms of the deal were not disclosed, but Galaxy spokesman Michael Wursthorn said earlier that the price was materially less than what Celsius paid for it a year ago. About 40 people will join Galaxy's team, including blockchain engineers and cryptographers. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
#btcstarburst Bull Market?If we are at a bottom… and assuming FUD doesn’t creep int to intentionally suppress the market because it does, it always does… The fact is Bitcoin is tied globally to all trading markets so crypto feels the pain when when the S&P hurts… Alright back to it, the green trading above BTC is extremely Bullish… In the middle FUD must be in the air ( pullbacks are happening and stuff, taking profits…) Below the orange Bear market crap show… world trying to get it together great time to Dca into smart Projects not just Crypto… If the halving event timeline proves true we are on course for a macro cup and handle..: This is just a Gann study (3 years now) lines are support and resistance… I don’t really trade I do research… projects of interest. Ones that will change the world…
BITSTAMP:BTCUSD
by Jonnycatx
Crypto collective intelligence platform to price illiquid assetsWhile the valuation of tokens on-chain and on DEX/CEX exchanges is easily achieved through a traditional order book or various AMMs, there are still massive problems valuing NFTs, pre-IDOs/IPOs, secondary tokens and other illiquid assets. The problem goes so far that even in traditional finance, valuing illiquid assets is usually costly, subjective and involves a lot of work. Lithium addresses the issue of unavailable pricing information of illiquid assets by bringing in accurate pricing through collective intelligence and tokenomics. Lithium is applicable to both digital and real world assets, all Price Seekers have to do is to submit their enquiry attached with a bounty offer to receive genuine pricing information from Price Experts who in turn, are incentivized by our platform’s tokenomics. Dates to remember: Testnet product release (Matic): Target Launch Jun 30th, 2022 Mainnet Beta product release (Matic): Target Launch Sep 30th, 2022 Investors: Almaeda research, Pantera, FBG, Petrock, and much more known VCs. About 25% of the tokens are already in circulation, the remaining 75% will be elicited over the next 4 years, including staking rewards as an incentive for participation in pricing.. We are currently (to this date) 50% below the seed price (0.003$). Potential: The idea and potential to fill a gap in the market that both DeFi and the traditional world are truly unique. The core team has specific knowledge and experience for this project. It is also that the team, with its very many known investors, has a very large network, with extensive ressourecn and enough capital to make ends meet over the next few years. As we are currently below the seed price, the risk/reward ratio here is more than good. It's quite unusual to get into a promising project below seed price of known brands such as Pantera. Short-term: TP: 0,003, 0,0045, 0,006, 0,01, Mid-term: 0,03, 0,06 , 0,1 Long-term 0,15 , 0,20, 0,50 This is not a recommendation to buy or sell or trade $LITH tokens. Do always your own research and never invest more than you can afford to lose. This is not an investment advise.
by Lobotto
1
5 Key Points for Blockchain Future 5 Key Points for Blockchain Future During 2020-2022, the blockchain industry experienced extremely rapid changes. From 2019 to the first half of 2020, there were almost no interesting primary projects and new ideas, until Compound directly drove the Defi boom, then followed by DEX, NFT, Metaverse, GameFi, and the upsurge of entrepreneurship. However, all industries of life follow the law of nature and the law of harmony between Yin and Yang. When the tide rises, the tide will ebb. The last wave of the X to Earn boom will be driven by StepN in 2022, when the "grand debut" of the LUNA crash, the top 3 in the industry, directly cools down the overheated market just like the arrival of the moon at night. Combined with the global supply-side imbalances caused by the Fed's interest rate hike strategy and the Russia-Ukraine conflict, the market has experienced extreme volatility and uncertainty. The sudden breakup of two supposedly friendly exchanges, Binance and FTX, is an indirect reminder that we are living in a period of extreme instability and diversification. The black swan and the white swan are more indistinguishable. There are great opportunities and uncertainties in the future. In order to better embrace the new rhythm, we may pay attention to the following five points: (The Chinese version was published at Nov, if you like reading Chinese, you can find that version) 1. The blockchain world will expand larger ecosystems and exchanges, but not need as many. From the historical trend, everything is going to be unified after merger and elimination, and it is the same in the field of blockchain. Now, the ecology of the large platform of the layer 1 public chain has gradually entered the white-hot stage of the competition. With the test of the bear market, it is inevitable that more than one LUNA and FTX will leave and be eliminated from the projects and exchanges we are familiar with. Of course, the fierce competition is also the alchemist of high-quality ecology, to test who can stabilize the internal situation to grasp the historical trend and become the next chain on the world leader. Therefore, risk avoidance and allocation should be done as early as possible. Focus on projects with long-term value and stay away from projects with lip service and over-the-top bragging. 2. Conduct spiritual enrichment exercises as early as possible to meet the alternative fantasy world brought by the metaverse and Virtual age and effectively deal with deeper loneliness. The continuous progress of science and technology often brings more convenient living conditions and a more lonely spiritual world. With quick access to information, cool virtual effects, and big trends in VR and AR, we can basically see the future moving towards movies like and . According to the law of conservation of the universe, spiritual energy must also be conserved. For a simple example, when technology was not developed in the 1980s and 1990s, the friends who asked you to go downstairs to play every day, and the children born after the 2000s and 2010s basically play with iPad in their childhood. The latter has significantly more communication online, while the former has more face-to-face offline, and this sense of loneliness and distance will only get bigger as the tech trend flows. However, many post-00s suffer from depression and other mental diseases at an early age. The premature bombardment of technology and information is more likely to destroy people's spirits before the barriers and defensive lines of values are built. In the high-octane world of fintech, it's even more complicated, with an extra layer of Money that magnifies its power by at least 2.5 times. Therefore, as early as possible to carry out the psychological construction of the spiritual level, we can avoid inadaptation suffering as early as possible when the tide of The Times comes. A small number of people are eliminated by competition, and most of them are eliminated by The Times ( we can start with some classic books). 3. Most projects said that they have Tech DNA but actually not Tech, Blockchain will be everywhere Real Tech projects tend to survive bear markets. Because they only need computers and shelter, they can continue to develop the project and do not need to spend a lot of money to hire too many expensive technical personnel. (Like Airbnb's early stage) This is important for the early and mid-term development of a project, and it is also crucial for engineers to resist the temptation of blockchain technology to make it easier when they are suddenly faced with the temptation of huge financing. Therefore, sometimes, projects under the guise of technology and slogan are often more deceiving than pyramid projects, because people will be CPUed. But one thing is certain, blockchain technology will be everywhere in the next five years, and the closest and fastest popularization should be: Historical relics NFT, ticketing systems (such as Ant Financial ticketing application, World Cup ticketing application), authentication systems (property ownership certificate, education certificate, birth certificate, etc.) and object traceability (various blockchain applications in milk, wine, luxury goods), the popularity of asset tokenization (apartment ownership, company tokenization, etc.), And countries' recognition of BTC as a currency outside the asset. Let ourselves catch up with the trend of The Times as soon as possible, in order to catch the last train more effectively. Because it's already branching out. 4. People understand hot water hurts hands. But in the face of hot trends and hot spots, we often flock to and forget the risk. What is very easy to understand in our daily lives is often reversed when applied to the same things in other areas. For example, the simplest way to avoid hot water is because hot water has our physical nervous system acting as a force to protect the stress response, and can also avoid excessive injury. But the market contains the risk of hot topics, our spirit is often paralyzed in the temptation of interests, thus ultimately causing regrets and loss of money. Therefore, in the future virtual and technological era, there will be more sugar-coating bombardment, so our judgment to keep relatively objective has become a very important ability. So that you can ride on the hot trend, but also have a protection system to prevent yourself from injury. This is something that someone who is very good at following hot spots has been teaching us. Each time, he walked in with hot topics, fool the investors, and walked away. The most obvious of these is NFT, GameFi's early hype. 5. Value will not change its core nature as times change. But it is a harder test of self-choice judgment and self-recognition ability. With the development of The Times and technology, they will become more and more intertwined with each other. Once a very simple business model, it may become more relevant after the integration of blockchain, VR, AR, and other technologies. But the core is still the same, just as a normal man, no matter how fancy he is, no matter how coquettish he is, his physical structure is also male (except for surgery). But the test of judgment and cognitive ability is more demanding, and complex at the same time, there are more opportunities. Because there are likely to be more Hamlets for the same enterprise or project, it is particularly important to keep updating our learning pool. At the same time, the influence of individuals like KOL on society will be further enhanced Summary: 2022 is a transitional year before a new era, and in the next 20-30 years, there is a high probability that we will enter a more technological phase in which humans are not separated. In this stage, in my opinion, the most critical point is the second of the five points. Material and technological progress may lead to spiritual regression, but the good news is that our cultural foundation is deep enough. If you can understand Traditional Chinese, it will be a much more spiritual gem. Enough to fill our hearts and make us fully ready for the new world. Blockchain technology, whether public chain, private chain, or alliance chain, or sidechain is a big trend in technology popularization. It won't die even though some people hold negative views on it, but won't create gods because of some pyramid. For an ordinary person like us, the best way is to keep learning to enrich ourselves, and keep calm at all times, and stay away from the complicated and mixed-up areas of special strategies. This article has no financial advice or any guidance content
by OuChiBoy
ETH 2.0 : What Upgrades Are Next After the Merge?Hello guys thanks god for being live to create another post for you dears Today i will explaine what happen after Ethereum merge upgrade? and im going to summarize about each step. Ethereum Merged successfully on Sept15 but more upgrades are coming to the network. Shanghai update , The Surge, the Verge, the Purge, and Splurge are up next. Lets see what we have: Shanghai update Over the next six months the next important update to the Ethereum network is going to be the Shangai upgrade. This particular update will allow validators (the ETH owners who help secure the blockchain) to withdraw a portion of their staked ether and rewards. There are 14.7 million tokens locked on Ethereum’s Beacon Chain, in return for a 4.1% annual yield, according to the Ethereum Foundation website. Altogether, those tokens are currently worth $19.12 billion. Stakers are responsible for confirming and verifying transactions on the blockchain.Each validator is required to stake a minimum of 32 ETH. Shanghai will also seek to lower transaction costs on layer 2 (L2), a separate blockchain such as Optimism or Arbitrum, that helps Ethereum to scale, by reducing data costs on the main blockchain itself. The Surge While the Merge’s number one goal was to reduce Ethereum’s energy usage (which it did by up to 99.5%) the Surge, the next significant upgrade, is expected to bring a new feature called “sharding” in 2023. “Sharding splits a blockchain’s entire network into smaller partitions, known as ‘shards'”, said crypto analyst Miles Deutscher. “This will significantly increase the network’s scalability.” According to the Ethereum Foundation, “sharding” will boost network capacity, cut costs and improve transaction speeds. It “provides secure distribution of data storage requirements, enabling rollups to be even cheaper, and making nodes easier to operate,” it said. The Verge The Verge is an upgrade that is expected to drastically reduce Ethereum`s reliance on nodes as a store of history and data. It will introduce so-called “verkle trees“, “a powerful upgrade to Merkle proofs that allow for much smaller proof sizes,” Deutscher says. “This will optimise storage on Ethereum and help reduce node size. Ultimately, this assists Ethereum in becoming more scalable,” he added. Verkle trees will allow users to become network validators without having to store huge amounts of data on their computers, analysts say. Crypto security platform Nethermind said “verkle trees” are Bitcoin-inspired systems that will decrease the size of “witnesses by a factor of over 20, allowing for stateless clients that safely interact with the network.” According to Vitalik Buterin, the verge will be “great for decentralization,” he said at the Paris conference. The Purge The Purge is expected to significantly reduce the amount of space required to store ETH on a hard drive. This upgrade will eliminate the use of nodes in storing Ethereum history, freeing up space, a constant headache for developers. “The purge: trying to actually cut down the amount of space you have to have on your hard drive, trying to simplify the Ethereum protocol over time and not requiring nodes to store history,” said Buterin. Crypto education platform District 0x explained that “nodes are responsible for verifying the miners’ work and ensuring that consensus rules are followed.” The best way to do this is to keep a full copy of the Ethereum ledger, making it easy to verify a miner’s work. “But the Ethereum blockchain is approaching one terabyte of storage so it’s impractical for a regular person to run a node,” it stated. The Splurge The final scheduled upgrade is the Splurge. This carries what is described as miscellaneous but important extras, “ensuring the network runs smoothly following the previous four upgrades.” “The design of Ethereum post-Merge is billed to be handlings loads of data which generally calls for improved security across the board,” Eitan Lavi, the ChainPort cofounder, told Be In Crypto. “Through the evolution of Merkle and Verkle trees as well as another innovative tech that will be introduced with subsequent upgrades, the protocol will be able to support the anticipated data load.” So wait for more upgrades and ETH will be awsome after this steps... Thank you for reading this article. Share me your idea about Ethereum future in comments. REFRENCES www.fortune.com www.ethereum.org www.blocknative.com www.forbes.com www.blockonomi.com
CRYPTOCAP:ETHEducation
by TraderAmin-KZ
2