The e-newsletter is dedicated to stream problems homogeneous to imposing L2 answers designed to get rid of community scalability issues of the 2 greatest cryptocurrencies via capitalization. Mr. Lado Okhotnikov analyzes the difficulties skilled via Litecoin buyers later the relief in mining rewards on August 2, 2023. In line with Vladimir, this status closing day is, in some ways, paying homage to the thrill noticed lately at the eve of the BTC halving.
The skilled analyzes issues homogeneous to the efficiency of the Lightning Community protocol. That is how Vladimir feedback at the community congestion and, in consequence, the monstrous build up in commissions at the Bitcoin blockchain on the finish of 2023:
“In December, the average cost of a transaction on the Bitcoin network rose to an incredible $38. Then, in January 2024, the commission dropped to $9. The reason for this explosive growth is obvious – the integration of NFT coins into the Bitcoin blockchain.”
Then, Vladimir discusses 3 modern technological answers that made it conceivable to combine NFT applied sciences into the Bitcoin blockchain. We’re speaking about 3 protocols: Op_return, Taproot, and Ordinals.
The object unearths the options of those blockchain updates, particularly highlighting the untouched — Ordinals.
As Mr. Okhotnikov explains, the untouched Ordinals replace assigns a novel serial quantity to any Satoshi, thus turning it into an NFT.The skilled issues out that such numbered items of Bitcoin will also be impaired for change and sale going forward. On the identical past, the tokenomics of ether are structured relatively otherwise: a hyperlink to a third-party cope with is just inserted into the sly pledge, which confirms the token’s untouched condition.The object demonstrates the technological variations between the Bitcoin and Ethereum networks. Mr. Okhotnikov analyzes the hazards of dropping BTC cash related to sending NFT transactions throughout the Ordinals protocol and recommends heading off such conditions.Year dedicated to the beliefs of DeFi, Vladimir cautions amateur buyers and investors, declaring that the cryptocurrency marketplace is extremely unstable and threatens immediate smash for somebody who abuses margin buying and selling.Vladimir believes 2024 carries huge dangers for the cryptocurrency marketplace — volatility, the advent of CBDC, interstate sanctions, and a lot more. On the other hand, Nayib Bukele, the president of El Salvador, after all strike the jackpot via legitimizing Bitcoin as a prison way of cost and buying it in immense amounts two years in the past.
Examine this and a lot more within the оriginal articlе.
Concerning the companyThe Okhotnikov corporate is swamped in trade making plans and funding problems. Its subjects of pastime come with the evolution and tokenomics of the most important cryptocurrencies, the improvement of complicated applied sciences and the day of the monetary marketplace.
