💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
What is EVM? The launch of Seth's high-performance testnet demonstrates new possibilities
The testnet of the high-performance EVM-compatible blockchain officially launched by Seth will serve as an important indicator of what the next-generation Web3 infrastructure aims to achieve. EVM refers to the Ethereum Virtual Machine, which functions as the standard environment for executing smart contracts. The reason Seth has centered its development around EVM compatibility is to ensure interoperability with existing DeFi ecosystems while reaching new levels of performance.
What is EVM? The Importance of Ethereum Compatibility
EVM is a virtual execution environment for running smart contracts on the blockchain. This technology, adopted by Ethereum, allows developers to run the same code across multiple blockchains. By choosing EVM compatibility, Seth can maintain compatibility with the existing Ethereum ecosystem while building its own high-performance infrastructure. This setup makes it easy for major DeFi protocols like Uniswap to deploy on Seth’s network.
30,000 Transactions Per Second — Seth Achieves High-Performance Scalability
The testnet’s achievement of 30,000 transactions per second (TPS) demonstrates industry-leading performance when compared to the current Ethereum mainnet (~15 TPS) and Solana (~65,000 TPS). This testnet is deployed across Google’s global node network, utilizing geographically distributed computing resources to the fullest. Its design supports linear scalability by dynamically selecting 1,024 nodes every 10 minutes from a node pool to form the block production committee. This mechanism ensures that processing speed does not decline as the network grows.
AI Smartphones and Blockchain — A New Ecosystem of One Billion Devices
Seth’s envisioned ecosystem goes beyond simply enhancing blockchain technology performance. The concept of connecting up to one billion AI smartphones and humanoid robots (each with its own factory) as full nodes symbolizes the fusion of Web3 and AI. This approach represents a major shift from traditional network maintenance by miners or validators, aiming instead for an infrastructure centered around AI agents that serve as native AI applications. Such initiatives increase the likelihood of realizing an integrated blockchain and AI technology ecosystem.