Latest News, Reviews and Manuals for Passive Income and Earning Free Bitcoins

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    How A Long-Term Mindset Gives You A Crypto Edge By Josh Arnold for Sure Dividend Investors looking to compound their wealth have generally been relegated to using blue-chip stocks and bonds to accomplish this goal. For hundreds of years, stocks and debt instruments were the only financial instruments one could acquire and fairly easily trade. Of course, today there are thousands of stocks and thousands more debt instruments to choose from, and access for investors is better than it has ever been. In an interesting twist for those looking to invest their capital, a brand-new asset class appeared several years ago and has become very popular: cryptocurrencies. These are “coins” that trade on exchanges, similar to stocks, but there is no underlying business backing them. In this way, they’re similar to fiat currencies such as the US Dollar or the British Pound. However, much of the point of the bigger coins is to be the anti-fiat choice in currency. That is, they use publicly-available blockchains to register transactions, which aren’t subject to regulation in the vast majority of most cases. Cryptocurrencies have become a very popular asset class in part for that reason, but also because stories of crypto millionaires (and even billionaires) crop up from time to time. Long-term holders of Bitcoin, the largest cryptocurrency by market cap, have likely done extremely well, even though the coin is more than 50% off of its all-time high. While cryptocurrencies have a reputation for being attractive to the “get rick quick” crowd, we believe that long-term holders of certain coins could apply stock investing lessons to the world of cryptocurrency now that the asset class is in the process of maturing. The case for long-term crypto investing The goal of any investor is to create additional wealth over and above the capital invested. That is something everyone agrees on, but the methods used to attain that goal vary wildly across the spectrum of investors. We do not believe there is a path to getting rich quickly. Rather, we focus on buying high-quality assets that distribute cash over time, which we believe is the best way to compound wealth over time. Trying to get rich quickly means excessive risk must be taken, and that, by definition, means the investor is statistically likely to see poor returns. This is a tried and proven method to investing in stocks, but in the world of cryptos, we believe it applies all the same. Cryptos do not pay dividends like some stocks do, but given the extremely volatile price action many of them exhibit, investors can do well waiting for a big rally to see their wealth accumulate. In other words, the odds of success are increased greatly if one has a longer horizon. This principal is true in investing in stocks, as it is in investing in cryptos. Seth Klarman, who is a self-made billionaire and hedge fund manager, said that “the single greatest edge an investor can have is a long-term orientation.” In that quote, Klarman is basically stating that there is no get-rich-quick scheme; it is methodical compounding of wealth through prudent capital allocation that wins in the end. We believe wholeheartedly in this principal in dividend investing, and we believe it can apply to the world of cryptocurrencies as well. Investing in stocks for the long-term requires patience, and investing in cryptocurrency for the long-term requires even more patience. The reason is because spells of volatility, which generally means big drawdowns, are hard to manage emotionally. Seeing big chunks of one’s portfolio’s value erode is never easy, and with cryptocurrencies, the drawdowns are more frequent, and they tend to be quite large in magnitude. However, there’s some efficacy to riding out these storms. Warren Buffet once said that investors should only buy a stock they would be comfortable holding for 10 years, as if the stock market completely shut down. In other words, buy something you have no interest in selling for a very long time. That requires the investor to be very selective, and choose only the best of the best investment options. In the world of cryptos, most coins have not been around anywhere near 10 years, but Bitcoin has. In the past nine years, for instance, total returns to someone that bought near the end of 2013 are over 15,000%. That is also after the coin has lost more than half its value since its 2021 peak. So while there has been – and likely will continue to be – a lot of volatility, holding Bitcoin long-term has been tremendously successful. Long-term investing has another benefit with cryptos, in that many cryptos are available only on special exchanges that charge high fees for transactions. Constantly trading in and out can be quite expensive for that reason, but buying and holding would avoid that potential pitfall, keeping more money in the pocket of the investor. In addition, taxes are only due on profits when the investment is sold, so if one holds cryptos for a long time, wealth can be accumulated without constant reductions from taxes. Finally, holding cryptos for the long-term can free the investor to focus on other things in their life, rather than stressing about the price of one coin or another today, tomorrow, next week, etc. The inherent volatility of cryptocurrencies in particular lends itself to a long-term mindset, and the investor spending the free time they have on something other than watching a trading screen. Final Thoughts While cryptocurrency investing and dividend stock investing are quite different, we can apply some of the same principles to both. We favor dividend stocks with long histories of raising their dividends, and that we believe will still be here years from now doing the same thing. While crypto coins do not pay dividends, by finding the best ones, we can apply this principle and select the highest quality coins that have staying power. Cryptocurrencies have a reputation of being a get-rich-quick scheme, but as the asset class has matured, it’s become clear it is here to stay. That means we can apply traditional investing principals to what is still a very new asset class for long-term wealth compounding. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

    22 May
  3. 17
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    Grand Time Harnesses Blockchain To Power Time Monetizat... Cryptocurrencies are now more popular than ever, yet mainstream adoption hasn’t been able to gain significant traction. While a younger generation and tech-savvy individuals commonly own digital currencies, the wider population still considers cryptocurrencies overly complicated. This is where Grand Time comes into play, enabling people to learn about cryptocurrencies, earn crypto rewards by performing simple tasks, and invest in decentralized finance (DeFi) primitives. Powered by its native $GRAND token and proprietary blockchain-enabled decentralized time, Grand Time allows users to monetize their time through its diverse ecosystem of Web 3.0 solutions. The Grand Time ecosystem consists of multiple segments, each designed to reward users for their time on the platform. This includes the Grand Crypto School, Grand Social Mining Platform, Grand Community & Messenger, Grand Wallet, Grand GIG Tasks Marketplace, Grand Dex Exchange, and Grand NFT Marketplace.  Earning on the Grand Time platform doesn’t require any technical skills or knowledge of blockchain. Users only need to perform simple digital tasks and, in turn, receive $GRAND tokens for the time they spend completing these tasks. Additionally, the revenue generated from the platform’s GIG Tasks marketplace and Social Mining platform is deposited into the “Grand Exchange Program” reward pool. All of the funds are stored in this pool, allowing users to access it as and when needed. Whenever users want to exchange their $GRAND tokens for other cryptocurrencies, tokens are transferred via this pool.   Unlocking Financial Freedom For The Masses Grand Social Mining and the Grand GIG Tasks marketplace are among the platform’s core solutions that enable users to earn a stable income by performing simple tasks. Users receive $GRAND tokens for the time they spend completing these tasks, which they can use in various ways across the Grand Time ecosystem. Users can earn the platform-native $GRAND tokens by participating in simple social media tasks on the Grand Social Mining Platform and the Grand GIG Tasks marketplace, such as liking posts, writing comments, promoting projects, or performing other tasks requested by advertisers. In addition, platform participants can generate $GRAND tokens by participating in surveys, voting, and providing honest feedback about products and services.  According to the latest report published by the Grand Time team, the Grand GIG Tasks marketplace has so far facilitated more than 80,000 tasks, aiming to assist the more than 1.3 billion people across developing and underdeveloped countries to earn a minimum of $5 to $10 per day. Since its inception, Grand Time has focused on creating solutions that offer stable income sources to people worldwide, especially for those who fall under the poverty line of $4 per day.  While $5 to $10 is the minimum amount one can earn through Grand Time’s vast ecosystem of Web 3.0 solutions, users who are very active on the platform and perform upward of 100 tasks per day are earning more than $100 a day. Likewise, users who work 24/7 earn over $200 per day.  The Grand Time has distributed more than $2 million worth of $GRAND tokens among its community members to date. Since its inception, the platform has registered exceptional organic growth in recent years, with its community of users spread across 93 countries. Moreover, the platform has acquired more than 27,000 active users and raised $78,000 from its recent presale without marketing campaigns. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice 

    22 May
  5. 35
    "Old but New" - What makes an erudite investor should n... Exploding in the second half of 2021, Blockchain/NFT Game (GameFi) has created an extremely strong investment wave of up to billions of USD from large and small investors around the world. Choosing the right project, price potential, breakthrough opportunity is not simple in the NFT Game technology industry in particular and Blockchain in particular, so what makes investors unable to ignore SQF and more specifically is SQF's Airdrop program.  "Although old but new" The "Sancti Quest on Frontline" (SQF) realizes the dream of outstanding innovation and creativity of the NFT Game platform In some developed countries and especially developed countries, the entertainment industry is an important economic sector, a major source of income, sometimes more than some other industries, providing jobs for people, and more importantly, this is a modern industry, always innovating by taking advantage of the super-fast development of technologies that are innovating day by day. The entertainment industry is promising to bring a lot of changes in people's lives. Industry 4.0 and then 5.0 will create a completely different society, and accordingly, the institutions and methods of social organization will have to change accordingly. Accordingly, in the process of revolutionizing Blockchain technology into widespread application in life, SQF brings the spirit of entrepreneurship and gives entertainment and money-making value to investors from a professional team with extensive knowledge - The "Sancti Quest on Frontline" (SQF) game team is made up of excellent individuals. We used to be on the development teams for many major games in Europe. In 2020, we saw a new era in the gaming industry begin to emerge. At that time, a few games combined with blockchain technology were formed. People called these games Gameblockchain (game+blockchain), or GameFi (game+finance), because playing games could make money. However, accessing these titles was too new and risky. We don't have the confidence to pursue it yet. What is The "Sancti Quest on Frontline" (SQF)? What sets new trends in the world of NFT Games? "Sancti Quest on Frontline" is a GameFi project developed on the Binance Smart Chain (BSC) platform, with a different economic structure than the vast majority of existing GameFi projects on the BSC. The most special thing is the mission to bring the game back to its true nature. Whether it's a regular game or GameFi, the most important aspect is still enjoyment and amusement for the players. Players can, of course, earn money in the same way they can in other games. "Sancti Quest on Frontline" is supposed to usher in a new age for both the GameFi and Crypto markets. As of February 2022, GameFi's total market capitalization has risen to $55.38 billion. By 2025, blockchain gaming is predicted to be worth $50 billion, growing ten times faster than traditional gaming. The blockchain gaming environment is rapidly evolving. GameFi is one of the trendiest topics in crypto right now, with new developments seen at an accelerating rate thanks to promising gameplay and the economic incentives that come with it. Along with the extremely fast growth of the GameFi market in recent years, many players have made a lot of money playing games, and other games are also being released more and more frequently as a result. But the quality of the game does not go with the quantity. Players are only interested in earning money, and publishers are only interested in producing games as quickly as possible. As a result, unsustainable "Click to Earn" games sprouted up in mass, destroying the confidence of the gaming community. What makes SQF different and SQF's Airdrop program not to be missed? The market of virtual currency, digital currency, cryptocurrency is increasingly attractive, attracting more and more investors because of its long history, with NFT technology being very popular with users. With a unique combination from Game NFT, although it has been around for years, it is really perfected and brought up the revolutionary wave in Blockchain platform, with a professional, creative and experienced team, SQF by itself believe will create an interesting playground and bring worthy values to investors.  And what makes investors should grasp and immediately receive incentives and participate right from this Airdrop. Let's take a look at the outstanding strengths of SQF with our team. Game Modes Sancti Quest on Frontline is a turn-base strategy game along with fighting techniques. On the battlefield, warriors fight together with other opponents or legendary monsters to protect the peace of their world. "Sancti Quest on Frontline" in addition to the basic modes that a fighting shooting game must have, PVE (player versus environment) and PVP (player versus player) modes. In "Sancti Quest on Frontline", there are many other attractive modes that no other game has developed by the professional game-making team. It can be said that the mode of betting with opponents to compete with each other is more attractive. A mode to build houses for warriors to live in, or a marriage mode for couples to get special passes when fighting together. With three special game mechanics, players can experience all the battlefields and different levels of conquering emotions. Adventure This is the most basic mode of "Sancti Quest on Frontline," in which players fight monsters in various lands, learn more about Skyland's myths, and possibly own treasures from that land. Party dungeon Difficult mode requires you to have a team with exceptional combat abilities to have a chance to pass each level. In return, the rewards in this mode are extremely attractive; they are all legendary treasures guarded by monsters. Rank (solo/team) Rank (solo/team) is the most competitive mode, and also the most attractive mode for players of any game who want to reach the top of the rank.  With the ranked match mode, the player will find a random match, but the game will arrange the following pairs of matches for the closest equal fighting force to create fairness for each game. There will be 2 forms of rank climbing for players to freely choose: either playing in a team or playing solo. Depending on their desires and preferences, players can choose for themselves a suitable form of battle for themselves. Limited NFTs Entering any adventure requires the acquisition of the necessary equipment  to deal with the difficulties and challenges on your way. And this is the equipment you can choose from at "Sancti Quest on Frontline". With a warehouse of diverse, eye-catching, and powerful equipment. If you're lucky, you might be able to grab legendary treasures with ultimate power. Limited NFTs: Weapons, outfits, accessories, and pet items are available. These kinds of NFTs are limited in the number of ways in which players store value when they upgrade levels day by day. NFTs can be exchanged, bought, or sold in the marketplace. Limited Edition NFTs are defined by 4 different rarity: • popularity • rarity • Historical and legendary. The rarer the weapon, the higher your score will be, including: Weapons, Costumes, Accessories and Pets. Free to Play To increase experience points as well as facilitate all subjects' experiences. "Santi Quest on Frontline" creates a free-to-play mechanism. In other words, the mechanics will be like those of a normal traditional game. But some game features are locked. The free-to-play feature was created with the sole purpose of allowing players to experience it before deciding to invest in the game. Overview of SQF Token Name: Santi Quest on Frontline Token name: SQF Protocol: BEP20 Total supply: 333,333,333,333 Decimals: 18 Distributed: SQF Airdrop Program Airdrop is an indispensable name in the Marketing campaign of the cryptocurrency project. If you skillfully use Airdrop, the new project's Token will quickly reach potential customers in the virtual currency world. And participants only need to perform a few small tasks to receive free Tokens. Program 1: Airdrop missions for each airdrop issuer Includes the following affiliates: Airdrop Achiever: https://t.me/AirdropAchiever Airdrop Ninja: https://t.me/airdropo Airdrop Star: https://t.me/Airdrop Airdrop6: https://t.me/airdrop6officialchannel Airdrop 365: https://t.me/Airdrop365Official Airdrop Detective: https://t.me/AirdropDetective Airdrop Analytics: https://t.me/AirdropAnalytics Airdrop Legit: https://t.me/LegitAirdrops010 Prize Pool: $3600 SQF Token  Winner: 600  Price listing: 0.00006  Each people receive 100.000 token (6$)  MISSION   Follow Twitter of the project  Retweet the project on Twitter  Join the project's Telegram Group  Join the project's Telegram Channel  Like the project's Fanpage on Facebook  Follow Discord of the project  Subscribe to the project's YouTube  Airdrop Rule When completing any task, you will receive 1 point  Participants must complete 7 missions to have a chance to become the winner Participants who got 7 points will be allowed to join the Whitelist program Time: May 20, 2022 - May 25, 2022 Distribution Date: 15th July 2022 Program 2: Airdrop missions directly on the web SQF The total prize pool is about 3000 NFT Winner: 3000 people, 1 NFT each MISSION   Follow Twitter of the project  Retweet the project on Twitter  Join the project's Telegram Group  Join the project's Telegram Channel  Like the project's Fanpage on Facebook  Follow Discord of the project  Click Subscribe to the project's YouTube  Airdrop Rule   When completing any task, you will receive 1 point Participants must complete 7 missions to have a chance to become the winner Participants who got 7 points will be allowed to join the Whitelist program Time: May 20, 2022 - May 25, 2022 Distribution Date: 15th July 2022 Join here: https://gleam.io/vQK7A/sqf-airdrop SQF has a special anti-inflation mechanism, attractive gameplay, eye-catching game graphics, and a deep storyline. Although it is a "child" launched later, it is not too late to become a new revolution in the NFT Game industry in particular and Blockchain in general. It promises to bring you the best experience when playing. Follow us on official social media to see the latest information about the project. Website | Announcement | Twitter  Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice 

    22 May
  6. 44
    Earn enormous benefits with parody coin (paro), eos (eo... It's no secret that cryptocurrencies are experiencing a wild ride lately. Prices are surging and plummeting at unprecedented levels, and it can be tough to know which coins will come out on top. But there's one cryptocurrency that you don't want to miss out on Parody Coin (PARO)! With its innovative technology and massive potential for growth, PARO is poised to take the crypto world by storm. In addition to that, we will talk about Klaytn (KLAY) and EOS (EOS). Don't miss your chance to get in on the action. Invest in PARO today! You can also follow these three coins with a reliable launchpad BoostX at your disposal! Parody Coin (PARO): Parody Coin (PARO) is a deflationary utility cryptocurrency built on the Binance Smart Chain (BEP-20) and its primary purpose is to provide investors with a wide variety of passive income opportunities through printing, trading, and marketing parodies of popular NFTs. The three main benefits of Parody Coin (PARO): Parody Swap: A place where traders can buy and sell any cryptocurrency on any blockchain for the same amount of Parody Coins. Parody Bridge: This allows sending PARO tokens to other blockchains. Paroflexion mechanism: This allows traders to distribute rewards in the native Parody Coin (PARO) token. The Parody Market is defined as an NFT market that allows investors to buy and sell parody NFTs. The token can create parody NFTs from other major blue-chip NFTs. In addition, token holders will be allowed to print them. Parody Coin is located in the middle of the Paroverse ecosystem. With this, you can create Parody NFTs, or earn by locking them or spending them. Also, Parody Coin has its own unique tax system. It is possible to purchase Parody Coin on its website before the sale. The token project will be launched on major exchanges and PancakeSwap very soon. The Parody Coin (PARO) token is currently in the pre-sale phase. A total of 300 million PARO coins, will be on the pre-sale before the initial DEX offering (IDO) on PancakeSwap and the live price of PARO is around $0.002.  EOS (EOS): EOS (EOS) is a coin that has managed to rise as high as $14.88 in its last one-year performance. This coin, which entered a downward trend after this and traded at the lowest price, which is $1.87, is currently hovering between $1.9 - $2 on average. EOS (EOS) shows that it is at its historical lowest price with its current value. Although these levels have made many investors lose, they create a buying opportunity as it has a solid infrastructure, and is based on a continuous project. Many indicators point to EOS' decline in the short term, which could create more clear buying opportunities. This coin shows that it is still moving in a bear trend in current analysis and charts. Especially, with the effect of the decline in other cryptocurrencies, and the contraction in the world economy. It is estimated that EOS (EOS) may move in the low price range for a while. In particular, short and medium-term investors may not find their expectations met in this coin but its long-term potential is still very imminent. Klaytn (KLAY): Klaytn (KLAY) has experienced a serious decline from $2.4 levels in the last year and has decreased to $0.6 levels. This coin, which still maintains its downward trend, has the possibility of rising. It is particularly suitable for day traders, as it creates incremental buying opportunities. Every month, Klaytn (KLAY), which hovered around $1.08 at the highest level and around $0.60 at the lowest in the last month, is a coin that is expected to lose value in the short term due to its bear trend. However, there is a possibility that the statements made by Internet giant Kakao may reverse this trend. The current cryptocurrency market is quite volatile; however, as this analysis has shown, there are some very promising projects worth looking into. We believe that Parody Coin (PARO) has a lot of potential due to its unique features and the strong team behind it. EOS (EOS) is also an excellent project with a solid infrastructure and passionate community backing it up. Finally, Klaytn (KLAY) is another exciting blockchain project that shows great promise for the future. Thanks for reading! Find Out More About Parody Coin: Presale: https://presale.parodycoin.io/register Website: https://parodycoin.io/ Telegram: https://t.me/PARODYCOIN_OFFICIAL Twitter: https://twitter.com/ParodyCoin Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice 

    21 May
  7. 45
    Sky's The Limit For These Groundbreaking DeFi Coins: Av... The first two decades of the 21st century have seen remarkable technological advancement. This accelerated progress led to the emergence of countless new sectors and had a profound influence on every existing industry. With developing technologies, the global financial system is transitioning from a centralised financial system (CeFi) to decentralised finance (DeFi). This article will examine two innovative DeFi coins that could make wealth in the coming months. Avalanche (AVAX) and Logarithmic Finance (LOG) are these coins. Continue reading to learn more about them! Avalanche (AVAX) - among the DeFi leading cryptos Avalanche (AVAX), a Layer-1 blockchain platform, claims that its Avalanche Consensus Protocol would combine scalability and fast confirmation times. It supports up to 4,500 TPS (transactions per second). The figure for Ethereum (ETH) is 14 TPS. The project's leadership acknowledges that Avalanche was created to be quick, secure, and economical to enhance the user experience. The network is essentially a high-performance, scalable, adaptable, and encrypted blockchain with many advantages for novice cryptocurrency investors. The platform's launchpad, Avalaunch, is exclusive to the Avalanche (AVAX) ecosystem and provides innovative and promising enterprises with a safe platform for decentralised funding. Avalanche (AVAX) adopts a distribution strategy that ensures broad involvement and provides the necessary resources to project teams. AVAX is Avalanche's native token, having a maximum supply of 720 million tokens and three use cases on the network. First, Avalanche users need AVAX to pay network transaction fees. Second, AVAX is utilised in staking, and users earn staking incentives. The third use of AVAX is more technical and of less interest to common users. It serves as the unit of account between the many subnets deployed on Avalanche. A subnet is a collection of validators attempting to reach a consensus. Logarithmic Finance (LOG) set to impress crypto investors Fundraising is a difficult undertaking since it needs extensive cooperation between several parties. Meanwhile, centralised platforms demand exorbitant fees for performing token launches, therefore denying smaller enterprises access to investor capital. Logarithmic Finance (LOG), the groundbreaking DeFi platform, consists of liquidity pools that allow project creators to seek access to capital from investors in a decentralised and permissionless way. As the cryptocurrency ecosystem grows, more product launches are anticipated, and developers will want a platform to interact with investors and raise money safely and transparently; LOG will make this a breeze. In addition, Logarithmic Finance will operate as a decentralised DAO community that will vote on which projects to fund. The system will operate transparently and securely, providing investors with comprehensive information about the launching project and allowing project creators to access funds through numerous blockchain networks. The Ethereum (ETH) network has been criticised for its excessive congestion and exorbitantly expensive fees, although most token swap protocols have been developed on it. A protocol such as Logarithmic Finance would assist in overcoming this problem since assets could be moved to multiple blockchain networks to take advantage of reduced costs and circumvent network congestion. The Logarithmic Finance (LOG) token may see large listing gains as soon as the presale period concludes. Avalanche (AVAX) and Logarithmic Finance (LOG) have distinctive characteristics that might contribute to their future success. Before investing, you should do your own research, but if you are interested in Logarithmic Finance, use the links below to find more information.  Logarithmic Finance:  Presale: https://presale.logarithmic.finance/register Website: https://logarithmic.finance/ Twitter: https://twitter.com/LOGARITHMIC_FI Telegram: https://t.me/LOGARITHMIC_FINANCE_OFFICIAL Instagram: https://www.instagram.com/logarithmic_finance Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice    

    21 May
  8. 57
    Binance Integrates With L2 Ethereum Scaling Solution Op... Binance, the crypto space's largest exchange by global volume, has announced that it has completed infrastructural integration with Optimism, a layer-2 (L2) Ethereum scaling solution. The integration will see Binance opening deposits for ETH on Optimism Layer 2, with newly assigned ETH deposit addresses for its users. However, withdrawals will be placed on hold until such time that Binance's wallet holds a sufficient amount of assets on its own wallet. This amount has not been disclosed by Binance and the exchange says that users will have to wait for it to be functional, even without further announcement on the matter. This method of placing withdrawals on hold until optimal liquidity is achieved for operational balance can be read as the exchange being careful, especially given the current condition of the crypto market, in which general volatility may be subjected to external factors and influences. This phenomenon has been observed in the recent crash of the Terra protocol, as well as the subsequent fluctuations in the market due to this. Optimism is a layer-2 scaling solution built for Ethereum with the vision of helping drastically reduce costs and improve transaction speeds, designed as an EVM-equivalent (Ethereum Virtual Machine) rollup chain. Other scaling solutions such as Polygon and Arbitrum also serve the same purpose. FTX, one of Binance's competitors, uses Arbitrum. KuCoin, another competing exchange, has also announced integration with Optimism last month. Due to the status of Ethereum as a primary platform for decentralized finance (DeFi) and the non-fungible token (NFT) market, L2 solutions such as Optimism, Polygon, and Arbitrum have emerged to help scale the ecosystem and its surrounding ecosystem. The expenses of a blockchain transaction are generally the cost of processing and storing data. L2 solutions essentially shift activity off the mainnet to cheaper platforms. After a number of transactions have been validated, the outcomes of those transactions are sent and secured onto the mainnet, ensuring the data's immutability. This is in contrast to other scaling solutions such as sharding, which involves partitioning the network into multiple shards where each shard processes a small amount of transactions. If one of those shards were to fail or be compromised, then the entire network may theoretically fail. By decreasing the amount of information a base layer blockchain needs to validate and secure, L2 solutions help decrease congestion from an L1 chain. As L2 chains are built on top of the mainnet, they are not as secure as the mainnet. However, the risk is mitigated by the fact that L2 chains only handle a small amount of data and activity, while the mainnet remains responsible for final transaction settlement. To date, Optimism has a total value locked (TVL) of roughly $304 million across 40 DeFi projects and protocols that have integrated it so far. Optimism currently has $608.4 million in approximate on-chain value with 85,626 in monthly average transactions processed on its layer. According to data from Dune Analytics, Optimism currently has 98 times lower gas costs compare to Layer 1 blockchains such as Ethereum. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

    21 May
  9. Click to read Full Content List about Bitcoin Earning