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What's the Difference Between SVM and EVM (Ethereum Virtual Machine)?
1. By now you may be thinking - isn't this virtual machine concept similar to Ethereum's EVM? Perceptive observation! #SVM and EVMs serve comparable purposes, but there are some key distinctions.
2. The major one? Parallel processing capabilities. #EVM employs a sequential design that can only process one transaction at a time. But as discussed earlier, SVM leverages Sealevel to enable simultaneous execution.
3. This means #Solana can deliver vastly higher transaction volumes without getting congested. We're talking thousands of transactions per second!
2. The major one? Parallel processing capabilities. #EVM employs a sequential design that can only process one transaction at a time. But as discussed earlier, SVM leverages Sealevel to enable simultaneous execution.
3. This means #Solana can deliver vastly higher transaction volumes without getting congested. We're talking thousands of transactions per second!
#Polygon #MATIC DAILY HIGHLIGHTS!
âȘïž1 $MATIC = $1.02 USD
âȘïž24 Hours Price Change: +0.9%
âȘïž7 Days Price Change: -0.3%
âȘïž1 Month Price Change: +27.6%
âȘïžTVL: $7,714,454,427
#crypto2023 #EVM
âȘïž1 $MATIC = $1.02 USD
âȘïž24 Hours Price Change: +0.9%
âȘïž7 Days Price Change: -0.3%
âȘïž1 Month Price Change: +27.6%
âȘïžTVL: $7,714,454,427
#crypto2023 #EVM
Manta Pacific Launches Mainnet Alpha, Kickstartaing the Growth of ZK Applications
With great enthusiasm, Manta Network opened the doors to the Manta Pacific Testnet on July 19, 2023. This test network combines data availability (DA) and zero knowledge (ZK) technologies, offering a unique contribution to the Ethereum Virtual Machine (EVM) ecosystem. The testnet activities, which have been ongoing for over two months, have been a sign of tremendous interest and participation. The activation of 4 million transactions and over 200,000 wallet addresses highlights the community's interest in and feedback on Manta Pacific.
Manta Pacific and Fascinating Partnerships
Manta Pacific has attracted not only users but also significant partners contributing to the growth of this innovative ecosystem. Bridge-building projects like Celer and Polyhedra, DeFi applications such as iZUMi and DODO, layer-two games like zkHoldem, and more than 251 projects from around the world have been deployed on the Manta Pacific test network.
Mainnet Alpha and Expectations
The launch of Manta Pacific Mainnet Alpha marks the first step towards the network becoming fully operational. At this stage, 250 smart contracts developed on the test network are transitioning to the mainnet. After the completion of the participation of many exciting projects in the ecosystem, the second phase of Mainnet Alpha will commence, extending the celebration for over a month. This period will provide an opportunity for Manta Pacific to contribute to the Web3 ecosystem.
Features of Manta Pacific
Manta Pacific offers programmable ZK as a native Layer 2 solution for the EVM. Additionally, Manta's Universal Circuits make it easy to develop ZK applications using Solidity. Leveraging Celestia for data availability and OP Stack for scalability, Manta Pacific provides high scalability and low transaction fees for ZK applications. These features set Manta Pacific apart from other solutions and support the growth of ZK applications.
Manta Pacific and the Future of Web3
Manta Pacific brings a breath of fresh air to the Web3 ecosystem. Currently, there is no ideal environment for ZK applications to scale and grow. Manta Pacific fills this gap and contributes to the growth of ZK applications in the Web3 space.
In Summary
The Manta Pacific Mainnet Alpha launch is just the beginning of an exciting journey for Manta Network. This modular blockchain and ZK technologies signify the start of a new era in the world of Web3. Manta Pacific is establishing a strong foundation for the ZK applications of the future and holds the potential to further expand the Web3 ecosystem. Stay tuned for these exciting developments and be ready to witness the success story of Manta Network.
#MantaPacific #Layer2 #EVM #Celestia #MANTA
Manta Pacific and Fascinating Partnerships
Manta Pacific has attracted not only users but also significant partners contributing to the growth of this innovative ecosystem. Bridge-building projects like Celer and Polyhedra, DeFi applications such as iZUMi and DODO, layer-two games like zkHoldem, and more than 251 projects from around the world have been deployed on the Manta Pacific test network.
Mainnet Alpha and Expectations
The launch of Manta Pacific Mainnet Alpha marks the first step towards the network becoming fully operational. At this stage, 250 smart contracts developed on the test network are transitioning to the mainnet. After the completion of the participation of many exciting projects in the ecosystem, the second phase of Mainnet Alpha will commence, extending the celebration for over a month. This period will provide an opportunity for Manta Pacific to contribute to the Web3 ecosystem.
Features of Manta Pacific
Manta Pacific offers programmable ZK as a native Layer 2 solution for the EVM. Additionally, Manta's Universal Circuits make it easy to develop ZK applications using Solidity. Leveraging Celestia for data availability and OP Stack for scalability, Manta Pacific provides high scalability and low transaction fees for ZK applications. These features set Manta Pacific apart from other solutions and support the growth of ZK applications.
Manta Pacific and the Future of Web3
Manta Pacific brings a breath of fresh air to the Web3 ecosystem. Currently, there is no ideal environment for ZK applications to scale and grow. Manta Pacific fills this gap and contributes to the growth of ZK applications in the Web3 space.
In Summary
The Manta Pacific Mainnet Alpha launch is just the beginning of an exciting journey for Manta Network. This modular blockchain and ZK technologies signify the start of a new era in the world of Web3. Manta Pacific is establishing a strong foundation for the ZK applications of the future and holds the potential to further expand the Web3 ecosystem. Stay tuned for these exciting developments and be ready to witness the success story of Manta Network.
#MantaPacific #Layer2 #EVM #Celestia #MANTA
Can Bitcoin Go Mainstream by Linking with Ethereumâs EVM? đ
Botanix Labs founder Willem Schroé argues that for Bitcoin to achieve mainstream adoption and real-world utility, it must connect with the Ethereum Virtual Machine (#EVM ).
He believes the EVM is the application layer for the global financial system and sees potential in #bitcoin integrating with the broader financial ecosystem.
Schroé's company, Botanix Labs, is working on a solution called "Spiderchain" to bridge Bitcoin and Ethereum through a #proof-of-stake layer 2 without requiring a Bitcoin fork.
He criticizes existing wrapped Bitcoin solutions for their centralized nature and regulatory vulnerabilities. While some Bitcoin developers are discussing the idea of "drivechains" to bring Ethereum functionality to Bitcoin, not everyone in the Bitcoin community supports expanding its use cases.
Schroé believes that uniting Bitcoin and Ethereum could lead to innovative applications with decentralization and security as core principles.
#Binance
#crypto2023
Botanix Labs founder Willem Schroé argues that for Bitcoin to achieve mainstream adoption and real-world utility, it must connect with the Ethereum Virtual Machine (#EVM ).
He believes the EVM is the application layer for the global financial system and sees potential in #bitcoin integrating with the broader financial ecosystem.
Schroé's company, Botanix Labs, is working on a solution called "Spiderchain" to bridge Bitcoin and Ethereum through a #proof-of-stake layer 2 without requiring a Bitcoin fork.
He criticizes existing wrapped Bitcoin solutions for their centralized nature and regulatory vulnerabilities. While some Bitcoin developers are discussing the idea of "drivechains" to bring Ethereum functionality to Bitcoin, not everyone in the Bitcoin community supports expanding its use cases.
Schroé believes that uniting Bitcoin and Ethereum could lead to innovative applications with decentralization and security as core principles.
#Binance
#crypto2023
$ETH ETF Approval and possible implications... #ETHETFS
2 days ago, Eric Balchunas, a Senior ETF Analyst for Bloomberg has posted a tweet in which he said that his prediction for the Ether ETF by the SEC (Securities and Exchange Commission) approval has increased to 75% from 25%. This comes after a period in which the general confidence in the approval of the Ether's ETF was pretty low.
Since this tweet, the price of $ETH has increased by approximatively 23%. This bullish signal might mean that the SEC is planning to approve the ETF, especially since it's an electoral year and the attitude of the potential presidents towards Cryptocurrencies in general is a major topic which could attract a lot of voters.
An additional factor to take into consideration is that #Blackrock has filed for an $ETH ETF as well. Blackrock is the world's largest investment manager and out of all the ETFs they have filed for, only đ„ ONE đ„has ever been rejected.
Moreover, ETH is a major player in the cryptocurrency market. Most applications are built on top of this blockchain (more specifically, most applications use #EVM - Ethereum Virtual Machine), so classifying it as Security would affect the vast majority of the market as well.
Another important point is that there is an ETH ETF already approved in Hong Kong. USA generally doesn't want to fall behind China when it comes to decisions that could have big implications for their economy.
Due to these reasons, I personally suspect we could see the approval of the ETH ETF sooner than later.
BUT đ€·it is also worth to keep in mind that a lot of big players are in this market and market sentiment can be manipulated. The view has shifted to optimism related to the ETF approval which would mean that a rejection of the ETF could lead to significant drops in price, benefitting a small number of people.
In this scenario, even if the ETF won't be approved, it's only a matter of time, a question of "when", rather than "if" it will happen.
Please Do Your Own Research (DYOR) and take multiple factors into account when investing.
2 days ago, Eric Balchunas, a Senior ETF Analyst for Bloomberg has posted a tweet in which he said that his prediction for the Ether ETF by the SEC (Securities and Exchange Commission) approval has increased to 75% from 25%. This comes after a period in which the general confidence in the approval of the Ether's ETF was pretty low.
Since this tweet, the price of $ETH has increased by approximatively 23%. This bullish signal might mean that the SEC is planning to approve the ETF, especially since it's an electoral year and the attitude of the potential presidents towards Cryptocurrencies in general is a major topic which could attract a lot of voters.
An additional factor to take into consideration is that #Blackrock has filed for an $ETH ETF as well. Blackrock is the world's largest investment manager and out of all the ETFs they have filed for, only đ„ ONE đ„has ever been rejected.
Moreover, ETH is a major player in the cryptocurrency market. Most applications are built on top of this blockchain (more specifically, most applications use #EVM - Ethereum Virtual Machine), so classifying it as Security would affect the vast majority of the market as well.
Another important point is that there is an ETH ETF already approved in Hong Kong. USA generally doesn't want to fall behind China when it comes to decisions that could have big implications for their economy.
Due to these reasons, I personally suspect we could see the approval of the ETH ETF sooner than later.
BUT đ€·it is also worth to keep in mind that a lot of big players are in this market and market sentiment can be manipulated. The view has shifted to optimism related to the ETF approval which would mean that a rejection of the ETF could lead to significant drops in price, benefitting a small number of people.
In this scenario, even if the ETF won't be approved, it's only a matter of time, a question of "when", rather than "if" it will happen.
Please Do Your Own Research (DYOR) and take multiple factors into account when investing.
Exciting news for SEI holders on Binance!
Weâre thrilled to announce that Binance has successfully integrated the Ethereum Virtual Machine (EVM) for Sei ($SEI). This major update means you can now deposit and withdraw SEI directly via the Sei EVM network, bringing you faster and more seamless transactions than ever before.
Whatâs in it for you?
- Enhanced functionality: Enjoy smoother, more versatile trading experiences.
- Seamless transactions: Effortlessly move your SEI tokens with the EVM network.
- User-friendly access: Your SEI EVM token deposit addresses are now just a click away.
This integration is a significant step forward in making your journey with SEI on Binance more dynamic and user-friendly.
Important note: While we provide translations for your convenience, the English version remains the most accurate. We recommend referring to it for the latest and most precise details.
Thank you for being part of the Binance community! Letâs keep moving forward together.
#Binance #SIE #CryptoNewss #EVM #Write2Earn!
Weâre thrilled to announce that Binance has successfully integrated the Ethereum Virtual Machine (EVM) for Sei ($SEI). This major update means you can now deposit and withdraw SEI directly via the Sei EVM network, bringing you faster and more seamless transactions than ever before.
Whatâs in it for you?
- Enhanced functionality: Enjoy smoother, more versatile trading experiences.
- Seamless transactions: Effortlessly move your SEI tokens with the EVM network.
- User-friendly access: Your SEI EVM token deposit addresses are now just a click away.
This integration is a significant step forward in making your journey with SEI on Binance more dynamic and user-friendly.
Important note: While we provide translations for your convenience, the English version remains the most accurate. We recommend referring to it for the latest and most precise details.
Thank you for being part of the Binance community! Letâs keep moving forward together.
#Binance #SIE #CryptoNewss #EVM #Write2Earn!
âĄ#Scroll mainnet to go live in August with #Aave V3 as the first dApp in the ecosystem
Scroll, an #EVM -equivalent #zkrollup , has mentioned its upcoming mainnet launch in a proposal to deploy Aave V3 MVP on its mainnet. According to the statement, Scroll mainnet will go live beginning of August this year and plans to onboard Aave V3 as one of the first #DeFi dApps in the eocsystem.
Scroll, an #EVM -equivalent #zkrollup , has mentioned its upcoming mainnet launch in a proposal to deploy Aave V3 MVP on its mainnet. According to the statement, Scroll mainnet will go live beginning of August this year and plans to onboard Aave V3 as one of the first #DeFi dApps in the eocsystem.
Sei Network teams up with OpenSea to improve NFT trading. đŒïžđ„
Sei Network, a quickly growing layer one (L1) blockchain, has successfully partnered with OpenSea, a prominent NFT marketplace. This collaboration enables NFT holders on the Sei Network to engage in trading on OpenSea with minimal fees and swift transactions. The integration is designed to attract more web3 developers and content creators to Sei Network, especially as it transitions to the Sei V2 upgrade.
With this integration, OpenSea users on the Sei Network can experience rapid transaction finality and high throughput, delivering a smooth, Web2-like user experience. Sei Network offers Solana-like performance within the Ethereum Virtual Machine (EVM) framework, ensuring efficient NFT transactions. Currently, Sei Network boasts nearly $22.3 million in total value locked (TVL) and a market capitalization of approximately $1.48 billion, placing it 65th in the cryptocurrency rankings.
The NFT trading market has seen a decline in volumes over the past two years due to issues like fraud and scams. However, recent global crypto regulations are breathing new life into the industry. OpenSea, which has reported a cumulative NFT trading volume of $40 billion, had 284,000 monthly active users as of May 2024. This integration represents a pivotal step toward the mainstream adoption of digital assets.
This collaboration highlights the ongoing growth and development of the NFT ecosystem, promising a strong future for digital asset trading on the Sei Network.
#SEI #opensea #SeiNetwork $SEI #EVM #NFTMarketplace
Sei Network, a quickly growing layer one (L1) blockchain, has successfully partnered with OpenSea, a prominent NFT marketplace. This collaboration enables NFT holders on the Sei Network to engage in trading on OpenSea with minimal fees and swift transactions. The integration is designed to attract more web3 developers and content creators to Sei Network, especially as it transitions to the Sei V2 upgrade.
With this integration, OpenSea users on the Sei Network can experience rapid transaction finality and high throughput, delivering a smooth, Web2-like user experience. Sei Network offers Solana-like performance within the Ethereum Virtual Machine (EVM) framework, ensuring efficient NFT transactions. Currently, Sei Network boasts nearly $22.3 million in total value locked (TVL) and a market capitalization of approximately $1.48 billion, placing it 65th in the cryptocurrency rankings.
The NFT trading market has seen a decline in volumes over the past two years due to issues like fraud and scams. However, recent global crypto regulations are breathing new life into the industry. OpenSea, which has reported a cumulative NFT trading volume of $40 billion, had 284,000 monthly active users as of May 2024. This integration represents a pivotal step toward the mainstream adoption of digital assets.
This collaboration highlights the ongoing growth and development of the NFT ecosystem, promising a strong future for digital asset trading on the Sei Network.
#SEI #opensea #SeiNetwork $SEI #EVM #NFTMarketplace
Binance Supports Kava EVM and Native USDT Integration: A Boost for DeFi
Binance has announced support for the KAVA EVM (Ethereum Virtual Machine) and the integration of native USDT.
#KAVA #WBTC #BitGO #EVM
$KAVA
This strategic move is set to enhance Kavaâs ecosystem significantly.
Here's a closer look at the key benefits and contributions:
Benefits for Kava's Ecosystem
1. Enhanced Interoperability: Kava's compatibility with Ethereum-based applications and smart contracts opens up new possibilities for developers.
2. Increased Liquidity: Native USDT integration boosts liquidity, facilitating smoother trading, lending, and borrowing.
3. Broader Adoption: The familiar Ethereum and USDT integration attracts more users, driving growth within the Kava ecosystem.
WBTC's Role via Tether
1. Bridging Bitcoin and DeFi: WBTC enables Bitcoin holders to participate in Kava's DeFi activities, increasing liquidity.
2. Enhanced Security: Tether ensures secure integration, encouraging user trust.
3. Asset Diversification: WBTC adds asset diversity, making the ecosystem more robust.
BitGo's Contribution
1. Custodial Services: BitGo provides secure storage for WBTC, ensuring safety.
2. Transparency: BitGoâs compliance and transparency enhance credibility.
3. Technical Support: BitGo facilitates a seamless WBTC integration.
Expected Outcomes from Binance and Kava EVM Integration
1. Increased User Base: Binance's support attracts millions of new users to Kava.
2. Enhanced Trading Opportunities: More trading pairs and investment options with native USDT and WBTC.
3. Accelerated Innovation: Combined resources foster new DeFi product development.
4. Strengthened Market Position: Binanceâs endorsement solidifies Kava's position in the DeFi space.
In summary, Binanceâs support for the Kava EVM and native USDT integration enhances interoperability, liquidity, and adoption within Kavaâs ecosystem, with WBTC and BitGo adding security and diversity. This collaboration promises a thriving DeFi environment and significant growth for Kava.
#KAVA #WBTC #BitGO #EVM
$KAVA
This strategic move is set to enhance Kavaâs ecosystem significantly.
Here's a closer look at the key benefits and contributions:
Benefits for Kava's Ecosystem
1. Enhanced Interoperability: Kava's compatibility with Ethereum-based applications and smart contracts opens up new possibilities for developers.
2. Increased Liquidity: Native USDT integration boosts liquidity, facilitating smoother trading, lending, and borrowing.
3. Broader Adoption: The familiar Ethereum and USDT integration attracts more users, driving growth within the Kava ecosystem.
WBTC's Role via Tether
1. Bridging Bitcoin and DeFi: WBTC enables Bitcoin holders to participate in Kava's DeFi activities, increasing liquidity.
2. Enhanced Security: Tether ensures secure integration, encouraging user trust.
3. Asset Diversification: WBTC adds asset diversity, making the ecosystem more robust.
BitGo's Contribution
1. Custodial Services: BitGo provides secure storage for WBTC, ensuring safety.
2. Transparency: BitGoâs compliance and transparency enhance credibility.
3. Technical Support: BitGo facilitates a seamless WBTC integration.
Expected Outcomes from Binance and Kava EVM Integration
1. Increased User Base: Binance's support attracts millions of new users to Kava.
2. Enhanced Trading Opportunities: More trading pairs and investment options with native USDT and WBTC.
3. Accelerated Innovation: Combined resources foster new DeFi product development.
4. Strengthened Market Position: Binanceâs endorsement solidifies Kava's position in the DeFi space.
In summary, Binanceâs support for the Kava EVM and native USDT integration enhances interoperability, liquidity, and adoption within Kavaâs ecosystem, with WBTC and BitGo adding security and diversity. This collaboration promises a thriving DeFi environment and significant growth for Kava.
#Zilliqa (ZIL) has announced the release of its #EVM compatibility on the #mainnet on April 25th.
#crypto #cryptonews
#crypto #cryptonews
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Experience #Nuls with #Bitcoin and #Ethereum
What if I told you that it is possible to experience NULS technologies without giving up Bitcoin and the Ethereum ecosystem? Recently, NULS integrated Bitcoin and Ethereum as native gas fees within its ecosystem. This means that holders of these cryptocurrencies can interact with NULS and its multichain tools and #DeFi . For Bitcoin holders, NULS is creating a new second layer module within its Chainbox tool, which facilitates the development of modular blockchains. Through this module, Bitcoin transactions will be much faster, lighter and without network congestion, thanks to the high efficiency of the NULS blockchain, which will further increase the scalability and adoption of the market-leading cryptocurrency. On the other hand, for Ethereum holders, the news now is that NULS is compatible with the #EVM standard, which is the virtual machine that executes smart contracts on the Ethereum blockchain.
Access the official Nuls YouTube channel called (NULS Blockchain) and learn more about the project.
$BTC $ETH $NULS
What if I told you that it is possible to experience NULS technologies without giving up Bitcoin and the Ethereum ecosystem? Recently, NULS integrated Bitcoin and Ethereum as native gas fees within its ecosystem. This means that holders of these cryptocurrencies can interact with NULS and its multichain tools and #DeFi . For Bitcoin holders, NULS is creating a new second layer module within its Chainbox tool, which facilitates the development of modular blockchains. Through this module, Bitcoin transactions will be much faster, lighter and without network congestion, thanks to the high efficiency of the NULS blockchain, which will further increase the scalability and adoption of the market-leading cryptocurrency. On the other hand, for Ethereum holders, the news now is that NULS is compatible with the #EVM standard, which is the virtual machine that executes smart contracts on the Ethereum blockchain.
Access the official Nuls YouTube channel called (NULS Blockchain) and learn more about the project.
$BTC $ETH $NULS
Oracles narrative at play catalyzed by the insane pump of Tellor Oracle $TRB #TRB
Now, $UMA is showing super strenth the same way catalyzed by the new upcoming #EVM features which the founders purports to reclaim lost over 100M usd #EVM funds stolen from DEFI users by bots. Would this mean also revenue of the same amount annualy for $UMA #UMA holders?
Is the upcoming pump 5X from its ATH price possible?
The rally of $UMA is followed by pumps of other Oracles coins like $DIA $API3 $BAND and $RLC as $BTC bounces from $40K to $42K ish level.
Now, $UMA is showing super strenth the same way catalyzed by the new upcoming #EVM features which the founders purports to reclaim lost over 100M usd #EVM funds stolen from DEFI users by bots. Would this mean also revenue of the same amount annualy for $UMA #UMA holders?
Is the upcoming pump 5X from its ATH price possible?
The rally of $UMA is followed by pumps of other Oracles coins like $DIA $API3 $BAND and $RLC as $BTC bounces from $40K to $42K ish level.