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Gate.io Launches the 2024 Annual Report
If 2024 were a match,
Would you be the MVP?🏆
Check your
#Gate.io Annual Report 👉https://www.gate.io/your-year-in-review?ref=X1cXVQte&ref_type=126
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See who is the real "Top Wealth Scorer"
#Gate.io Annual Report 2024
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Educational Post
What are Sidechains?
At its core, a sidechain is a parallel blockchain that operates independently from the main blockchain (also referred to as the main chain). Typically, this connection is established through a two-way bridge, enabling the seamless transfer of digital assets or tokens between the main chain and the sidechain.
How Do Sidechains Work?
The distinctiveness of sidechains lies in their autonomy. Unlike the main chain, sidechains have the flexibility to adopt unique consensus algorithms and block parameters tailored to their specific purposes. This freedom allows
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Educational Post
What Is Danksharding?
Derived from the name of Ethereum researcher Dankrad Feist, danksharding introduces a transformative approach to sharding technology. Sharding involves breaking down a blockchain database into smaller, more manageable parts for increased efficiency. Unlike conventional sharding methods, danksharding simplifies the architecture, focusing on a merged market fee concept.
In traditional sharding, each shard has distinct blocks and block proposers. Danksharding streamlines this by having a single block proposer, enhancing transaction processing and data storag
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Educational Post
What Is A Transaction ID?
A transaction ID (TXID), or transaction hash, can be thought of as an identification number that labels each transaction on the blockchain. It is a unique string of characters that can be verified and added to the blockchain.
When a transaction gets added to the blockchain, it’s assigned a unique transaction ID. The transaction ID is generated by applying a hash function to the transaction details, including the sender's address, the receiver's address, and the amount of cryptocurrency being sent.
Depending on the blockchain used, you’ll be able to f
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#ContentStar #HotTopicDiscussion
Educational Post
What Is Phishing Attack?
Phishing is one of the most wide-spread and common cyber attack technique. It is a type of social engineering attack that involves psychological manipulation and relies on human failures. A phishing attack happens when a malicious actor poses as a reputable entity or business in order to deceive people and collect their sensitive data, such as credit card details, usernames, and passwords.
Most phishing attacks are performed through the use of fraudulent emails, specially designed to convince the user to enter a fraudu
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The rate of accumulation exceed the rate of Issuance. The chart shows there are three waves of accumulation during the bear market. Currently market is experiencing the third accumulation wave and the bull run starts after that.#ContentStar
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#ContentStar Educational Post
What is Merged Margin?
Merged mining refers to the act of mining two or more cryptocurrencies at the same time, without sacrificing overall mining performance. Essentially, a miner can use their computational power to mine blocks on multiple chains concurrently through the use of what is known as Auxiliary Proof of Work (AuxPoW).
The idea behind AuxPoW is that the work done on one blockchain can be leveraged as valid work on another chain. The blockchain that provides the proof of work is called the parent blockchain, while the one that accepts it as valid is the
BTC-3.52%
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The TOTAL crypto marketcap is now trying to break the resistance area. A daily candle close above this resistance area is bullish and will send the price towards the next resistance area.
Current Resistance Area: $1.30-$1.35 Trillion
Next Resistance Area: $1.50-$1.55 Trillion
#ContentStar
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The TOTAL2 (altcoin marketcap) is reached the resistance area and now trying to break it. A break above this resistance area is bullish and will bring a good upward rally in altcoins. A rejection from here will send the price again towards the support area.
Support Area: $545-$550 Billion
First Resistance Area: $600-$620 Billion
Second Resistance Area: $680-$700 Billion#ContentStar
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#ContentStar Educational Post
What’s a forced liquidation?
In Margin trading, a forced liquidation is triggered when changes in the token price result in all your assets can only repay the principal and interest of the loan. All of the positions of this pair are closed automatically to prevent further loss and ensure you do not default on your loan.
In Futures trading, to keep positions open, traders are required to hold a percentage of the value of their position, i.e., the Maintenance Margin percentage. If a trader fails to fulfill the maintenance requirement, their position will be taken ov
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Educational Post
What Is a Stablecoin Peg?
A stablecoin is a type of crypto asset that’s designed to have a relatively stable value. While cryptocurrencies are usually known to be volatile, stablecoins have been specifically created to be a hedge against price fluctuations.
Stablecoins maintain stability by using a "peg." A "peg" is like an anchor for value. Just as countries might tie their money's value to another country's currency to keep it stable, stablecoins do something similar. Many stablecoins, like USDT and DAI, aim to have the same value as $1.
What Happens When a Stablecoin Depeg
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Bitcoin is unable to hold the support of the $34,700-$34,950 area. Price also tried to break above this level but was rejected from there. BTC is now back in the trading range.#ContentStar #HotTopicDiscussion
BTC-3.52%
OP-6.59%
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Bitcoin has finally broken out of its trading range and moved upwards. This is due to the FED deciding to halt interest rate hikes, which has sparked positive sentiments in the market. It is possible that BTC will test the support area between $34,700-$34,950 before making its next move. However, if it breaks below $34,700, Bitcoin may return to the trading range.#HotTopicDiscussion #ContentStar
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Educational Post
Do Your Own Research (DYOR)
When it comes to the financial markets, DYOR is a term closely related to Fundamental Analysis (FA). It means that investors should do their own research into their investments and not rely on others to do it for them. "Don't trust, verify" is a commonly used phrase in the cryptocurrency markets with similar meaning.
The most successful investors will do their own research and come to their own conclusions. As such, anyone who wants to be successful in the financial markets will have to come up with their own unique trading strategy. This may also l
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#ContentStar #HotTopicDiscussion
Dogecoin has maintained its position among the top ten cryptocurrencies by market capitalization since February 2021, a testament to its enduring presence.
Despite its occasional outsider status in institutional trading, Dogecoin consistently records robust 24-hour trading volumes, often exceeding $200 million. This liquidity indicates an enduring interest in the coin among traders and investors.
The performance of Dogecoin during the next upswing may provide valuable insight into its long-term prospects since the crypto market cycles through bull runs and bea
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Finally, TOTAL2 (the altcoin market cap) has broken its resistance area and is now trading above it. We will see a move towards the major resistance of the $600-$620 billion range. The support level is now $550 billion, and altcoins are bullish above it.#ContentStar
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Sayak75vip:
Without fundamental analysis, the technique is useless. Even knowing very little about technical analysis is enough. Right now, the focus is on BTC sideways above 33,500 and Dominance will fall to the bottom.
#ContentStar Educational Post
What Are No-code Tools?
No-code tools empower individuals to build applications, websites, or automate processes without needing to write code. They largely leverage a visual development environment, enabling users to design interfaces and workflows by dragging and dropping elements.
No-code tools in the crypto space allow people without technical coding skills to interact with, build on, and leverage blockchain technologies. These platforms provide ready-to-use interfaces and workflows, enabling users to perform functions that usually require complex coding, such
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