- Coinpaper Digest
- Fast and Furious Blockchains: Solana Leads the Charge!
Fast and Furious Blockchains: Solana Leads the Charge!
READING TIME: 4 mins 56 secs
In the dynamic realm of blockchain technology, the pursuit of the fastest blockchain network is reshaping possibilities and driving innovation.
Speed and efficiency are critical factors, influencing user experience and the potential for widespread adoption. Solana, with its impressive 65,000 transactions per second (TPS), exemplifies the ongoing quest for faster blockchains. Evaluating blockchain performance involves assessing metrics like TPS, scalability, security, and consensus mechanisms. Leading networks, including Ethereum, Solana, Cardano, Ripple, and Algorand, prioritize achieving a balance between speed, security, and decentralization. Technological innovations like sharding, Layer 2 solutions, and state channels contribute to enhancing transaction speeds while addressing challenges such as energy consumption and transaction fees.
The new Binance CEO, Richard Teng, outlines plans for the exchange, emphasizing regulatory navigation and Web3 adoption.
Teng, with support from CZ and Binance leadership, aims for strategic growth. Despite CZ's potential legal consequences, Binance Coin (BNB) charts indicate a bullish breakout possibility. Teng expresses commitment to engaging with the community on Binance's direction. Meanwhile, CZ faces extended legal challenges, contesting travel restrictions and potentially facing a 12-18 month sentence. BNB's technical indicators suggest a possible price bottom, but risks remain, with potential bullish or bearish scenarios.
GoPlus Security alerts cryptocurrency users to a new threat exploiting the "create2" feature in the Ethereum Virtual Machine (EVM).
Scammers pre-calculate contract addresses, deceiving users into granting permissions to seemingly harmless sites, which deploy malicious contracts during the authorization delay. Unlike traditional phishing attacks, these addresses are invisible to many cybersecurity tools. GoPlus advises users to memorize URLs for commonly used protocols, store legitimate URLs as bookmarks, and be vigilant about authorizing blank (EOA) addresses during signing.
The Ichimoku Cloud indicator suggests Bitcoin (BTC) may rise to nearly $50,000 if the United States approves the first spot price exchange-traded fund (ETF).
Analyst CryptoCon highlights that BTC is in a unique position on weekly timeframes, with the Ichimoku Cloud signaling that price gains have just started. The indicator predicts a potential rise to $43,000, with $48,000 as a suitable ceiling, projecting completion in early January. The timing aligns with the expected ETF approval date, despite uncertainties with U.S. regulators and the ongoing SEC actions against Binance.
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